The FinTech Hub
Source: Live Mint India stock market news: India’s NSE Nifty 50 and S&P BSE Sensex are trailing only Wall Street’s Nasdaq and S&P 500 as top-performing indexes this year, with analysts expecting the rally to extend into 2025. The Nifty and Sensex have gained 18.7% and 17% respectively in 2024, securing the third and fourth…
Source: Live Mint Breakout stocks to buy or sell: Following gains in the US and Asian stock markets, the Indian stock market ended at a record closing high on Friday last week. The Nifty 50 index finished 375 points higher at the 25,790 mark, the BSE Sensex shot up 1,359 points and closed at 84,544,…
Source: Live Mint Prime Minister Narendra Modi met with top American CEOs, including Google’s Sundar Pichai, Nvidia’s Jensen Huang, Adobe’s Shantanu Narayen and IBM’s Arvind Krishna, at a tech CEOs roundtable in New York. The roundtable, held at the Lotte New York Palace Hotel, was part of the second leg of the Indian Prime Minister’s…
Source: Live Mint A dramatic surge in purchases of index futures contracts and in cash buying by foreign investors on Friday signalled a sharp improvement in their sentiment towards India. The bullishness became apparent after the US Federal Reserve cut its policy rates by an outsized 0.5 percentage points on Wednesday. Market watchers said this…
Source: Live Mint Following last week’s historic interest rate cut by the US Federal Reserve, Wall Street in the week ahead will have plenty of economic data, including the Personal Consumption Expenditures price index, and S&P flash services & manufacturing PMIs, to look forward to. The week will also see comments from US central bank…
Source: Live Mint In the past month, the global equity market had exhibited volatility and mixed performance leading towards the pivotal FOMC decision of September 18. It was highly anticipated that the Fed would break its hawkish policy started since early 2022 and shift to an accommodative monetary policy by initiating a 25bps cut. The…
Source: Live Mint Arkade Developers initial public offerings (IPO) received a strong demand from investors across all the categories. The IPO had opened for subscription on September 16 and closed on September 19. The allotment for the Arkade Developers IPO was finalized on September 20. Investors are eagerly awaiting its listing, which is tentatively scheduled…
Source: Live Mint You will need to disclose only the interest accrued during the current year on the certificate and not the interest received on withdrawal as you have already offered the interest on accrual basis in the earlier years. This interest will be taxed as income from other sources and will be disclosed in…
Source: Live Mint Buy or sell: As we have already discussed in the last week due to a major fed rate decision meeting in upcoming week, we can see a breakthrough in the indices. This week, the Nifty index closed at 25,790, marking a significant breakthrough above the key resistance level of 25,500. This rise…
Source: Live Mint India’s primary market boom shows no signs of slowing down, with 11 IPOs scheduled for launch next week. These include two in the mainboard segment and eight in the SME segment. The mainboard issues consist of Manba Finance and KRN Heat Exchanger, which together are expected to raise approximately ₹482 crore. In…
