The Indian rupee opened higher at 81.64 per dollar on Wednesday versus yesterday’s close of 81.72. The domestic currency is expected to appreciate amid positive domestic equity markets, strength in Asian peers and weakness in the greenback. In the previous session, rupee slipped against the US dollar as rising crude…
Asia’s stock markets wobbled lower on Wednesday as reality bit on hopes for a soft economic landing in the United States, and investors curbed their enthusiasm about China’s reopening. The S&P 500 had dropped for a fourth straight session overnight and the brakes have come on a rally that has…
Mid and smallcap shares have lagged large-caps in the last three months. The Nifty Midcap index returned 1.8% in the period under review while the Nifty Smallcap index was up 3.7% during this period. In comparison, the Nifty 50 returned 5.6%.The latest rally in the markets is driven by FPIs,…
Capital markets regulator Sebi on Friday clarified on the framework pertaining to ‘schemes of arrangement’ for entities that have only listed their debt securities. Scheme of arrangement is a court-approved agreement between a company and its shareholders or creditors. Also Read: Sebi issues Rs 6.42-cr demand notice to Sahara group…
Government’s social security body Employees’ State Insurance Corporation (ESIC) on Sunday approved a proposal to invest its surplus funds in the stock market through exchange traded funds (ETFs).The decision was taken in the 189th meeting of ESIC held on Sunday at ESIC headquarters under the chairmanship of Union labour minister…
The Indian rupee is expected to depreciate on Wednesday amid a strong dollar and risk aversion in global markets. Further, persistent FII outflows may hurt the rupee. Investors will remain vigilant ahead of RBI’s monetary policy, where the central bank may slow down the pace of rate hikes. The rate…
By Siddhant Mishra Over the past few years, participation of millennials (26-41 years) and Gen Z (18-25 years) has gone up rapidly in the stock market. A major factor is digital offerings and tech advancements adopted by the industry, enabling a user-friendly experience, as per ICICI Securities. Customer data on…
By Rohan Patil In the past, three to four occasions whenever the Nifty enters a correction phase, the 21-day exponential moving average has acted as an anchor point for the index. On the open interest front, good participation and open interest addition were seen in the 18000 Call and 17800-17700…
By Rohan Patil Benchmark index continues to trade in a higher high higher low formation and has taken a support near its lower band of the channel pattern on the weekly time frame. On Friday prices witnessed a sharp reversal from its lower band of the flag pattern on the…
The Securities and Exchange Board of India (Sebi) recently brought mutual funds under the ambit of its insider trading regulations. The Mutual Funds Prevention of Insider Trading (MFPIT) framework is only applicable to ‘connected persons’ dealing with their own MF units. Ashley Coutinho explains what the rules entail PIT framework…