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Samie Modak is a market hawk with nearly two decades of experience. At Business Standard, he leads a team of reporters that turns 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 team of reporters that turns 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.
Selling shareholders include Tata Motors, Alpha TC Holdings and Tata Capital Growth Fund
In October, the benchmark Nifty50 index fell 2.8 per cent, the most since December 2023, while the Nifty Midcap 100 index declined 4.1 per cent, the most since June 2022
Brokerage cites strong economic growth prospects, steady domestic mutual fund inflows, and a potential supply-chain shift from China
In terms of relative global performance, India stood in the middle of the gap - outperforming emerging market peers but underperforming developed markets
Last year, gold was the best-performing asset class with returns close to 15 per cent even as most domestic equity indices delivered less than 5 per cent
Market players say the record number of SME IPOs this year has been fuelled by retail euphoria underpinned by encouraging post-listing performance
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