By Ravi Singh In Samvat 2077, equity markets had a historical move as the benchmark indices touched new lifetime highs of 18000 and 62000 mark for the first time in history. Last year, the Sensex closed at 43,443 on the day of Diwali of Samvat 2076 and had gained 4,385…
European stocks were subdued on Friday, with retail companies under pressure as the holiday shopping season kicked off amid worries of a sharply slowing global economy and sky-high inflation. The pan-European STOXX 600 slipped 0.1% by 0811 GMT but held below three-month highs hit earlier this week. The index is…
Indian benchmark indices may open in green amid positive global cues., hinted SGX Nifty. Ahead of the week’s last trading session, Nifty futures were trading 0.35% higher at 18792 on the Singapore exchange. “Markets are seeing time-wise correction and weak global cues are delaying the recovery. We feel the consolidation…
By Siddhant Mishra The Sensex may hit the 80,000-mark by the end of the next calendar year if the country is included in global bond indices and prices of commodities, such as oil and fertilisers, drop sharply, Morgan Stanley analysts said on Monday. The inclusion could result in nearly $20…
The rupee appreciated by 8 paise to close at 81.22 (provisional) against the US dollar on Thursday on broad dollar weakness after Federal Reserve Chairman Jerome Powell said the pace of interest rate hikes may slow. Forex traders said foreign fund inflows and a rally in domestic equities boosted investor…
By Siddhant Mishra Indian equities soared to new highs on Wednesday, with the 50-stock Nifty closing at a new lifetime high of 18,562.75 and the Sensex scaling a new peak to close at 62,504.80. Falling crude oil prices, easing inflation and chunky purchases by foreign portfolio investors (FPI) buoyed the…
E-commerce player Snapdeal has deferred its plan for IPO through which it was planning to issue fresh equity shares worth Rs 1,250 crore amid weak market conditions, the company has said. The company had earlier announced placing over 3 crore shares for an offer for sale under its IPO plan.…
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…
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…
U.S. equity funds logged big outflows in the week to November 30 as investors booked profit after concerns over economic growth resurfaced due to protests in major Chinese cities against strict COVID-19 policies. Investors were also cautious about the tech sector amid a hit to iPhone production in China. Data…