)
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.
Move follows MSCI step, inflows may rise by $2 billion
The issue surfaced after the shareholding pattern disclosed by HDFC showed the People's Bank of China had hiked its stake in the mortgage lender during the March quarter
Sources say PBoC may have increased its stake by 0.2 percentage points in March
Not just equities but gold prices too have jumped following the Fed action
Analysts say investors could steer clear of stocks in the sectors that have high debt and high impact on revenues because of the Covid-19 pandemic
In the last three trading sessions, FPIs scooped shares worth more than Rs 4,000 crore, spurring a 13 per cent rally in the market
Barring three stocks - Eicher Motors, Shree Cement and Bajaj Finance - all the Nifty components have gained during this two-week period
According to BoFA Securities, the measures announced by private firms will not only help fight the virus, but will also boost their prospects at the bourses.
The UK-based firm sold shares offloaded 50 million shares at Rs 441.2 apiece to raise Rs 2,200 crore.
IndusInd Bank and Bandhan Bank were among the worst-hit in the recent carnage
Study shows companies with ESG stocks outperform, suffer lesser earnings cut
Possibly taking lessons from the demonetisation experiment, the lockdown is expected to be backed up by an economic package and monetary policy support
Recent Sebi move, drop in securities' prices contribute to the fall
The total market capitalisation of the group's listed firms fell to Rs 10,740 crore from Rs 42,000 crore reported a year ago
The Sensex after climbing to 27,463 settled at 26,674, up 693 points, or 2.7 per cent. The Nifty rose 2.5 per cent, or 191 points, to end at 7,801
The exchange also allows some of its employees to work from home
Sebi has put default benchmark rate at zero for certain ratings, tenures
US-based Bernstein slashes rating to underweight, almost halves target price; UBS maintains positive stance
Market players said the move was to discourage traders from aggressively building short positions.
The deadlines to file the March quarter and full-year results have been extended by 45 days and 30 days, respectively, to June 2020