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Source: Live Mint Indian stock market today: The Indian markets wrapped up the last trading day of October in negative territory, with a sharp sell-off in IT and FMCG stocks pulling the front-line indices lower. Although there was some support from the pharma sector, it was insufficient to lift the markets higher. Consequently, the Nifty…
Source: Live Mint Top News According to recent data from the Association of Mutual Funds in India (AMFI), monthly contributions to mutual fund Systematic Investment Plans (SIPs) have surpassed ₹24,000 crore for the first time. This milestone highlights the growing popularity of SIPs among Indian investors, who are increasingly relying on this disciplined, periodic investment…
Source: Live Mint Top News On October 15, SEBI announced a major change that benefits traders in India’s stock market. The regulator raised the position limits for trading members in index futures and options (F&O) contracts. These limits now stand at ₹7,500 crore or 15% of the market’s total open interest (OI), compared to the…
Source: Live Mint Top News The Securities and Exchange Board of India (SEBI) has issued a recent circular revising the payout timing for securities in T+1 rolling settlements. According to the new guidelines, securities will now be credited directly to clients’ demat accounts by the Clearing Corporations at 3:30 PM on the settlement day. This…
Source: Live Mint Top News India’s foreign exchange reserves saw a significant boost, increasing by USD 12.588 billion to reach an all-time high of USD 704.885 billion as of the week ending September 27, 2024. This growth in reserves can be attributed to several factors, including rising foreign investments, positive trends in exports, and possibly…
Source: Live Mint Top News The Securities and Exchange Board of India (SEBI) has introduced a new directive concerning the use of the Unified Payments Interface (UPI) for individual investors. According to SEBI’s recent circular, starting November 1, 2024, individual investors can apply for public issues of debt securities, non-convertible preference shares, municipal debt securities,…
Source: Live Mint Top News The National Payments Corporation of India (NPCI) has announced a significant change to its Unified Payments Interface (UPI) transaction limit. Effective from September 16, 2024, the UPI transaction cap has been raised to ₹5 lakh per transaction. This increase aims to further bolster India’s push toward a more robust digital…
Source: Live Mint The Indian market’s response to the US Federal Reserve’s significant rate cut on Wednesday was relatively subdued compared to its global and Asian counterparts. Instead of celebrating the move, Indian investors opted to book profits during Thursday’s trade, resulting in only modest gains for the front-line indices. The trading day started on…
Source: Live Mint Indian markets ended Friday’s session lower as investors took the opportunity to book profits. Both front indices briefly touched Thursday’s record highs but were unable to hold those levels, as weakness in pharma and FMCG stocks weighed on the market, despite strong support from IT stocks. The Nifty 50 ended the session…
Source: Live Mint Presenting a comprehensive recap of the week’s highlights, spanning from top news to market performance, here’s your market wrap for the week concluding on September 13, 2024. Read Full Article
