ADR falls to 0.89 - November's gains now balance on a shrinking block of stocks, the lowest since February
Learn how the Nifty and Sensex correlate and their significance for Indian investors.
A total of eleven new passive funds such as Exchange Traded Funds and Index Funds, which track Nifty Indices, were launched in Japan and Korea during FY 2024-25, the National Stock Exchange of India (NSE) said on Tuesday. Of these, 9 funds track the Nifty 50 index, while one tracks the Nifty India Corporate Group Index, Tata Group 25 per cent, and another tracks the Nifty Midcap 50 Index. At present, there are 33 passive funds tracking Nifty Indices outside India with total assets under management (AUM) of USD 4.3 billion. These products have been launched by large global asset managers. "There is a growing demand from global asset managers for India-focused passive investment products. FY 2024-25 has been a landmark year for NSE Indices with the successful launch of eleven passive products based on Nifty indices outside of India," Aniruddha Chatterjee, MD of NSE Indices, said. "We anticipate this trend to continue with numerous India-focused passive products set to be introduced .
NSE Indices announced on Friday the removal of Britannia and Bharat Petroleum Corporation from the flagship Nifty 50 index
The benchmark BSE Sensex is now down 9.5 per cent from its record monthly closing of 84,300 at the end of September last year
Construction equipment maker Ajax Engineering's initial public offering (IPO) garnered nearly 20 per cent subscription on Monday, the opening day
Benchmark indices ended flat in a special trading session on Saturday
The Sensex ended the session on Friday at 76,619, a decline of 424 points or 0.5 per cent. Meanwhile, the Nifty closed at 23,182, a drop of 130 points or 0.6 per cent
The two key market indices, the Nifty 50 and Sensex, peaked on September 27 and are down 11 per cent now
The Sensex ended the session at 77,620, a decline of 528 points, or 0.7 per cent
The Sensex opened the session marginally higher but fell as much as 0.9 per cent before paring some of its losses
Going forward, the earnings season, which starts this week, will provide further cues to the market
Indices decline over 1.5%; investors lose nearly Rs 11 trn
Tech, auto stocks make for a third of Sensex gains ahead of Q3 results
The Nifty50 index closed at 24,142, rising 131 points, or 0.5 per cent. Both Sensex and Nifty surpassed their previous closing highs on Thursday
Both FPIs and domestic institutional investors were net buyers on Tuesday
Shares of RIL, the country's most valuable firm, fell 2.8 per cent and made a 246-point contribution to the Sensex decline
But bond yields may not rise if the inclusion is deferred as the market has not rallied in anticipation, Karyatt added
BSE's circular said that if JFSL continues to hit the lower circuit in the next two days, the removal date will be deferred by another three days
From the Sensex pack, Infosys, HCL Technologies, Infosys, NTPC, Mahindra & Mahindra, Tata Consultancy Services, Nestle, Tech Mahindra and Bajaj Finance were the major gainers