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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 SME IPO: C2C Advanced Systems, a technology firm, has received in-principle approval from the National Stock Exchange (NSE) for its draft red herring prospectus (DRHP) to launch an SME initial public offering (IPO). The company’s IPO consists of a fresh issue of up to 43,62,865 equity shares, each with a face value…
Source: Live Mint Stock market today: A sharp selloff hit the Indian stock market on Tuesday, October 22, pulling down the benchmark indices, Sensex and Nifty 50, by more than 1% each. The Sensex ended the day down by 931 points, or 1.15%, closing at 80,220.72, while the Nifty 50 dropped 309 points, or 1.25%,…
Source: Live Mint The issue—a milestone for both the company’s parent Hyundai Motor Co. (HMC) and the Indian stock market as the country’s largest public offering so far—is a key part of Hyundai’s strategy to enhance the valuation of its global businesses as part of the South Korean government’s Corporate Value-Up Program. The programme seeks…
Source: Live Mint The National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) will hold its annual Diwali Muhurat trading session on Friday, November 1, 2024, from 6:00 PM to 7:00 PM, celebrating the start of the Hindu calendar year Samvat 2081. The session marks the start of the new Samvat, the Hindu calendar year…
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 Mumbai: The Nifty snapped a three-day losing streak on Friday, but posted the longest weekly losing streak of this year on relentless selling by foreign institutional investors (FIIs), who have flocked to China beginning late last month chasing a stimulus-led recovery in the world’s second -biggest economy. Analysts expect the intense battle…
Source: Business Standard 2 min read Last Updated : Oct 16 2024 | 1:31 PM IST Wockhardt shares rose 4.3 per cent on Wednesday and registered an intraday high of Rs 1127.25 per share. The pharma company’s stock gained after it filed for approval for its fast-acting insulin analog, Aspart injection, with India’s drugs…
Source: Business Standard 2 min read Last Updated : Oct 16 2024 | 7:24 AM IST Nifty failed to surpass the swing high resistance of 25,234 and witnessed minor profit booking on 15th October. At present Nifty is hovering around 50 DEMA. Support for the Nifty is seen near 24,900 and same can be…
Source: Business Standard National Stock Exchange in Mumbai, India. Photographer: Dhiraj Singh/Bloomberg 4 min read Last Updated : Oct 16 2024 | 8:30 AM IST India’s stocks have powered ahead in recent months as surging earnings outweighed fears about lofty valuations. That dynamic is at risk with companies forecast to report slowing profit growth. …
