The market capitalisation of BSE-listed companies reached a fresh all-time high of Rs 289.88 lakh crore on Thursday following an ongoing rally in equities. Analysts have attributed the rally in the markets to foreign fund inflows and the latest comments from the Federal Reserve Chairman Jerome Powell on the pace…
The total number of passive funds, including ETFs and index funds, tracking Nifty indices in India has crossed 200. Currently, there are 110 ETFs and 91 index funds in India, tracking 72 unique Nifty indices issued by 24 different fund houses. Out of these, 166 are equity passive funds and…
Indian benchmark indices ended the session mildly in the green after a day of flat trade on weekly F&O expiry amid weak global cues. Sensex closed over 180 points higher at 62,570, while Nifty settled at 18,613, up by 0.28%. The broader markets ended marginally higher as well, with Nifty…
By Bhavik Patel Oil price, which was relentlessly falling, saw some life back as short covering came since price was in oversold zone. Price were in downward frenzy after expectation of demand destruction from recession fears and lockdown in China due to rising Covid cases. Oil prices have been on…
Westlife Foodworld that (that owns and operates the master franchisee of fast food chain McDonald’s in West and South India) has released its growth vision for CY27 (FY28) after successfully achieving its Vision 2022. Among some of the key target is the sales target of Rs 4,000 crore-Rs 4,500 crore…
The Kirit Parikh Committee, which recommended a floor and ceiling price for natural gas produced from legacy fields of state-owned producers to moderate input price for CNG and fertilizer, has favoured paying ONGC and OIL a premium of 20 per cent over such price for any new gas production they…
Capital markets regulator Sebi will introduce a settlement scheme for stock brokers against whom enforcement proceedings have been initiated and are pending for executing trades in illiquid stock options on BSE. The settlement scheme shall commence on December 19, 2022, and end on January 19, 2023, (both days inclusive) or…
By Rohan Patil It was a bear controlled week for the Indian bourses where prices closed in red for the four consecutive days and lost almost 500 points after registering a lifetime high of 18604.45 on October 19. On the daily chart prices are trading within the rising channel pattern…
Abrdn Investment Management (formerly Standard Life Investments), one of the sponsors of HDFC Asset Management, plans to offload its entire 10.2% stake in the mutual fund house. The other sponsor is HDFC, which holds a 52.59% stake. The investment manager intends to place up to 21.11 million shares, totalling 9.9%…
The government on Tuesday lifted the ban on exports of organic non-basmati rice, including broken rice, a move which would help in promoting the outbound shipments of the commodity. Also Read: After imposing 20% duty on non-basmati rice, India bans export of broken rice This followed a 20 per cent…