The FinTech Hub
Source: Live Mint Bengaluru-based digital maps startup MapMyIndia’s parent company, C.E. Info Systems Ltd, announced in an exchange filing on November 29 that the company’s chief executive officer, Rohan Verma, would step down and start a new business-to-consumer (B2C) venture. C.E. Info Systems Ltd shares closed 8.92 per cent lower at ₹1,538.65 in Tuesday’s trading…
Source: Live Mint The Indian stock market benchmark indices, Sensex and Nifty 50, are likely to open flat on Tuesday amid mixed global market cues. The trends on Gift Nifty also indicate a muted start for the Indian benchmark index. The Gift Nifty was trading around 24,435 level, a premium of nearly 7 points from…
Source: Live Mint Healthcare services provider Suraksha Diagnostic Limited’s initial public offering (IPO) has so far received a muted response. Opened for public subscription on November 29, the IPO was subscribed 25 per cent on the second day of bidding as investors bid for 34,00,068 shares, compared to the 1,34,32,533 shares on offer. The public…
Source: Live Mint The FMCG sector has been one of the poorest performers over the past 18 months. The return of Nifty FMCG, Nifty50, and Nifty500 indexes in the last 1 year is 10%, 20%, and 27%, respectively. This indicates that the FMCG sector underperformed the broader Nifty500 market by 63%.The sector’s performance worsened in…
Source: Live Mint 2024 has been a landmark year for the Indian initial public offer (IPO) market, with an unprecedented surge in fundraising and retail participation. The allure of quick wins has led to massive oversubscriptions, especially in the small and medium enterprises (SME) segment. Strong listing gains have further fuelled this frenzy. While foreign…
Source: Live Mint Buy or Sell: Last week, as anticipated, with the monthly expiry approaching, both the Nifty and Bank Nifty indices were in oversold conditions. This created potential for a significant rebound, which materialized as both indices saw notable upward movement toward their respective resistance levels. The Nifty Index broke through the 24,000 mark,…
Source: Live Mint The Indian primary market is set to witness significant market activity related to the public listings of eight initial public offerings (IPOs), including Suraksha Diagnostics, Apex Ecotech, Ganesh Infraworld, and Agarwal Toughened Glass India, etc. The stock market will also witness the opening of one mainboard IPO and two small and medium…
Source: Live Mint Top News SEBI Announces Business Continuity Framework for Stock Exchanges The Securities and Exchange Board of India (SEBI) has introduced a new business continuity framework aimed at enhancing market resilience and ensuring uninterrupted trading during operational disruptions. According to a recent circular, this framework will allow for interoperability among stock exchange segments,…
Source: Live Mint Moana showed up on the big screen in 2016, and the sequel was released this Friday, which meant that Disney was bringing back the magic of the ocean, the voice of ancestors and the fun moving tattoos of a demigod called Maui (I still love The Rock Dwayne Johnson). This time Moana…
Source: Live Mint Expert View: Dr. Ravi Singh, SVP- Retail Research, Religare Broking believes the current market outlook appears unpromising for the next few months, with potential positive momentum likely only after January 15, 2025. He advised initiating fresh long positions only if the Nifty decisively breaches the 24,500 level, as this could indicate the…
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