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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.
Shares of Brookfield India REIT fell close to 9 per cent in two sessions, while Embassy Office Parks REIT declined more than 5 per cent
Currently, the domestic markets rank 6th with a market cap of $3.55 trillion. During the start of the year, India was in 8th position
The Bank Nifty index gained 2.22 per cent ahead of a press briefing by the finance minister
Peak margin norms, proposal to shift to a T+1 settlement cycle have been criticised by brokers, foreign portfolio investors.
Rs 13.6 crore impounded; analysis by Sebi showed a group of connected entities had taken long positions in Magma Fincorp that were later squared off, generating huge profits
According to data provided by NSE, futures contracts of HDFC, Bharti Airtel, HDFC Bank, TCS and RIL jumped around 10 per cent each for a few nanoseconds in early trading
At present, a settlement application can be filed in 60 days of receipt of show-cause; another 120 days given to noticee paying 25% over settlement amount, which Sebi wants to do away with
Analysts bullish over near-to-medium term
Domestic markets up 22% this year, MSCI China down 12%
The Nifty Midcap and Smallcap 100 indices have by far the best returns among various asset classes so far this year
A red flag gets activated whenever the foreign shareholding is less than 3 per cent of the permissible limit, which in HDFC Bank's case is 74 per cent
The peak margin norms have been implemented in phases since December 2020
Despite a 5,000-point surge by Sensex, overall market breadth was the worst since March 2020 when stocks had collapsed following the spread of the Covid-19 pandemic
Sunil Mittal's reappointment gets 10% against votes
The strong showing in August was supported by domestic investor inflows, say experts
The surge in August saw India's market cap top the Rs 250-trillion mark
Sensex up 8% in August, making India the best-performing major market globally
Airtel on Sunday announced a fund raise of Rs 21,000 crore by way of rights issue
The latest positive global sentiment has helped the markets shrug off the underwhelming June quarter results, earnings downgrades, and the possibility of further downgrades
Some believe the latest correction in the broader market and falling grey market premiums also played on investors' minds