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…
Domestic equity benchmarks concluded Friday’s volatile session in the negative territory with BSE Sensex falling nearly 400 points to 62,181.67 and NSE Nifty settling below 18500. The broader indices ended red with the Nifty Midcap 50 sinking 58 points. Most of the sectoral indices also turned negative and the only…
By Rajesh Palviya SAMVAT 2078 will be a year of balance sheet leverage, led by significant improvement in corporate profitability. Cumulative and rolling net profit of NSE 500 universe or the last four quarters has touched an all-time high with loss-making sectors turning positive and significantly contributing to the net…
With groundnut seed processors and oil millers expecting lower kharif crop of 2.5 million tons in current season as against nearly 3.5 million tons in the last season, groundnut prices have soared as high as Rs 2000 per 20 kg in some mandis in Gujarat. At Hapa mandi in Jamnagar…
SGX Nifty hinted at a positive start for Indian benchmark indices amid strong global cues. Ahead of the week’s last trading session, Nifty futures were trading 0.35% higher at 18792 on the Singapore exchange. In the previous session, BSE Sensex gained 160 points to 62,571, while NSE Nifty 50 rose…
Indian share markets have rallied sharply of late, hitting fresh record highs and drawing the attention of investors from all over the world. However, as the benchmark NSE Nifty 50 has soared amid the volatility, its P/E ratio has jumped too. The current P/E ratio is 22.5. Is this expensive?…
The initial share-sale of engineering systems and solutions provider Uniparts India will open for public subscription on November 30. The three-day initial public offering (IPO) will conclude on December 2. The bidding for anchor investors will open on November 29, according to the red herring prospectus (RHP). The IPO is…
Share market holidays December: Indian stock markets will see no trading holiday in the month of December. Aside from the weekend holidays, trading on both BSE and NSE will function normally on all other weekdays next month. Earlier this month, stock market remained closed on Tuesday, November 8 on the…
The rate of diesel and petrol have not been changed on 2 December 2022 and costs have been steady for about six months now. The last country-wide change in fuel rates was on 21 May this year, when Finance Minister Nirmala Sitharaman slashed excise duty on petrol by Rs 8…
ICICI Bank shares have been trading around the record high level of Rs 958. The stock has rallied over 20 per cent so far this year, and the bullish momentum is expected to continue, according to analysts. Several brokerages are bullish on the large private lender and have strong ‘Buy’…