The NSE Nifty fell 235.5 points or 0.9% to close at 25,014.6. The BSE Sensex declined 808.65 points or 1% to end at 81,688.45. Both indices, which were trading higher earlier in the day, slumped in a late sell-off ahead of the weekend.
“The final approval for registration will be granted by Sebi subject to fulfilment by the company and BlackRock of the requirements set out in the said (Sebi) letter,” said Jio Financial.
On Friday, the Reserve Bank of India (RBI) carried out the maiden auction of a new government bond maturing in 2034. The coupon – or rate of interest – for the new bond was set at 6.79%. At the time of the auction, the yield on the existing 10-year bond Continue Reading
This rise in reserves comes on the back of foreign investment in local equities, along with inflows due to Indian government bonds being included in the JP Morgan Emerging Market Index. FPIs invested $11.1 billion in Indian stocks in September, NSDL data showed, whereas investment in government bonds through the Continue Reading
The National Stock Exchange (NSE), its former chief Vikram Limaye and eight others on Friday settled with markets regulator Sebi a case pertaining to alleged bypass of trading access point (TAP) system by certain brokers after paying Rs 643 crore.
A bear candle appeared on both the daily and weekly charts, indicating a sharp reversal in Nifty’s near-term uptrend. Currently positioned near the support level around 25,000, there is potential for a minor upside bounce early in the week, likely presenting a sell-on-rise opportunity. A decisive break below the 25,000-24,950 Continue Reading
Mark Mobius, an investment expert, shares his strategy for investing in emerging markets like India, Taiwan, and China. He emphasizes the potential in sectors such as semiconductor production and mining. He forecasts significant growth for India’s Nifty and Sensex by next year. Mobius prefers equities with some allocation in gold Continue Reading
We believe 51,400 to 51,000 should be the strong support for Bank Nifty and we should see a gradual recovery for Bank Nifty too. So, banking, metals, power space as a whole looks positive from the current levels.
Shares of DMart fell by 5% to Rs 4,701.90 following a 14% growth in standalone revenues to Rs 14,050 crore for Q2 and the addition of 6 new stores. Brokerage firms have mixed views; Macquarie is optimistic, Goldman Sachs recommends selling, while Morgan Stanley remains positive.
Divyadhan Recycling Industries shares debut on NSE SME at Rs 84, a 31.25% premium over the issue price of Rs 64. The IPO was subscribed 41 times, with high interest from non-institutional investors. The company plans to use Rs 17.03 crore for plant and machinery, with some funds set aside Continue Reading
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