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Samie Modak is a market hawk with nearly two decades of experience. At Business Standard, he leads a dynamic team of reporters, turning complex market data into captivating stories. Off the clock, he's a tech geek, always up-to-date with the latest in gadgets, mobiles, and motorbikes. A sports enthusiast, he avidly follows cricket and tennis. With his blend of market expertise, tech passion, and sports fandom, he brings a fresh, engaging perspective to financial journalism.
Samie Modak is a market hawk with nearly two decades of experience. At Business Standard, he leads a dynamic team of reporters, turning complex market data into captivating stories. Off the clock, he's a tech geek, always up-to-date with the latest in gadgets, mobiles, and motorbikes. A sports enthusiast, he avidly follows cricket and tennis. With his blend of market expertise, tech passion, and sports fandom, he brings a fresh, engaging perspective to financial journalism.
With this, the total account tally has reached 132 million. In the preceding two months, the industry had added over 3 million accounts each month
Move could delay transition to DM, which when happens is expected to boost India's weighting in MSCI indices
Over 50% of benchmark index components defy highs
During the month, the benchmark Nifty came off by as much as 5 per cent as FPIs accelerated their selloff with the 10-year US Treasury yields breaching 5 per cent
Shares of Blue Jet Healthcare finished over 14 per cent higher during their trading debut
Move to boost transparency, supervision; small cos exempted
Bears have tightened their grip on the market, with the National Stock Exchange Nifty50 declining nearly 5 per cent in just six trading sessions before seeing a slight recovery on Friday
The strong inflows from listed funds into the domestic markets come on the back of an increase in India's weightage
The ports and logistics major was in the process of filing DRHP last year
The NSE Nifty declined by 1.1% after posting marginal gains in the preceding two weeks amid geopolitical tensions in West Asia and rising yields
One of the major reasons for the underperformance of EM peers is the underperformance of China, which has the biggest weight in the MSCI EM and MSCI Asia Pac ex-Japan indices
The move follows an increase in free float in these stocks due to selling by promoters and large institutions such as Life Insurance Corporation and Softbank Vision Fund
The derivatives market comprises futures and options, with contracts available on index and individual stocks
But Canada-domiciled FPIs' AUC in India rose 1% month-on-month to Rs 1.8 trillion in Sep
Zerodha remains the most profitable brokerage, clocked net profit of Rs 2,907 cr in FY23
Brokerage goes 303 bps overweight on domestic markets in MSCI Asia Pac ex-Japan portfolio
Brokerage goes 303 bps overweight on domestic markets in MSCI Asia Pac ex-Japan portfolio
Share of buybacks in reward kitty drops to lowest in seven years
With less than four months left for the review period to complete for the March rebalancing of the National Stock Exchange (NSE) Nifty indices
These transactions encompass initial public offerings (IPOs), block deals, and qualified institutional placements (QIPs)