In the financial year 2023-24, the Nifty India Defence Index showcased remarkable growth, outperforming the Nifty with a 44 percent Compound Annual Growth Rate (CAGR) compared to the Nifty’s 15 percent over the past five years. A notable highlight was the significant surge in more than half of the index’s 15 constituent stocks, with five … Read more
This week, smallcaps led the charge with over 50 stocks gaining up to 43%, while broader indices bounced back from previous losses. Despite global uncertainties, including the Bank of Japan’s rate hike and the ECB’s decision to maintain rates, the market rebounded following the Fed’s commitment to three rate cuts this year. Foreign institutional investors … Read more
Indian benchmark indices, Sensex and Nifty, plunged by 1% each on Tuesday, March 19, impacted by a substantial sell-off in TCS, Infosys, and Reliance Industries. This decline was further exacerbated by weak Asian markets and fresh foreign fund outflows. Gift Nifty Future trading at 21,860.00 as on 19-Mar-2024 17:18:55 made high 22,085.00 and low 21,852.50 today. … Read more
Indian markets ended lower today, breaking a two-day winning streak, as Nifty closed below the crucial 22,350 mark. Investor caution prevailed ahead of the release of US inflation data tomorrow. The Sensex closed down 616.75 points or 0.83 percent at 73,502.64, while the Nifty fell 160.80 points or 0.71 percent to 22,332.70. The market opened … Read more
According to data released by AMFI for February, liquid funds saw a significant increase in inflows, jumping from Rs 49,468 crore to Rs 83,642.33 crore month-on-month (MoM). ETF fund inflows also surged, rising from Rs 571 crore in January to Rs 6,461.67 crore in February. Large-cap funds experienced an increase in inflows, reaching Rs 1,287 … Read more
Shares of several Tata Group companies, including Tata Motors, Tata Chemicals, Rallis India, Tata Power, Nelco, and Tata Investment Corporation, surged up to 15 percent on March 7 as the buzz around Tata Sons’ expected IPO grew louder. The expected listing of Tata Sons is likely to unlock value and lead to the simplification of … Read more
The Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) will conduct two special live trading sessions on Saturday, March 2. This decision comes as the market regulator SEBI emphasizes the importance of market intermediaries being prepared for unexpected disasters and ensuring a smooth switch to a business continuity plan at disaster recovery sites. … Read more
The BSE Midcap and Smallcap indices dropped over 1.5 percent today, following reports that the Securities and Exchange Board of India (SEBI) has urged asset managers to provide investors with more information on the risks associated with their small and mid-cap funds. The broader market decline was led by heavy sell-offs in media, PSU bank, … Read more
The Election Commission of India (ECI) is reportedly planning to unveil the dates for the upcoming Lok Sabha elections after March 9, as per sources cited by News18. The ECI officials are currently conducting final checks in various states, and it is anticipated that the election schedule for 2024 could resemble that of 2019. In … Read more