The benchmark S&P BSE Sensex dropped by as much as 1,132 points to hit an intraday, while the Nifty 50 dropped to 21,932
The surge came after the company announced its March quarter results (Q4FY24), and gave a promising FY25 outlook
The company plans to utilise the net proceeds for working capital requirements and general corporate purposes
The NSE has been planning an initial public offering but needs approval from the Securities and Exchange Board of India (SEBI)
The surge in indices came on the back of a robust economy, optimistic forecasts from global brokerages and rating firms on economic growth outlook, and favourable investor sentiment
On April 16, the NSE said contracts for new expiry months for Zee Entertainment will not be issued once the existing contract months expire
The National Stock Exchange (NSE) on Friday said its unique registered investors have surpassed 9 crore, with the latest 1 crore additions taking place in just five months. The investor base has seen more than three-fold jump in the last five years, facilitated by rapid growth in digitisation, rising investor awareness, financial inclusion, and strong market performance. "The unique registered investors on the National Stock Exchange of India crossed 9 crore on February 29, 2024," the bourse said in a statement. Besides, the total number of client codes registered with the exchange reached 16.9 crore. This includes all client registrations done till date. Notably, clients can register with more than one trading member. Unique investor registrations at NSE have seen an accelerating trend over the last few years. While the increase from 6 to 7 crore unique investors took about nine months, the next crore investors came in eight months, and the jump from 8 to 9 crore took only five ..
'There can be no guarantees of assured returns in securities market,' says regulator
Investors send a clear message as confidence is shipped with each trade
The National Stock Exchange of India (NSE) has again emerged as the world's largest derivatives exchange in 2023, in terms of the number of contracts traded, according to the Futures Industry Association (FIA). This is the fifth straight year when the exchange earned the top position. Additionally, the exchange has ranked third in the world in the equity segment by number of trades in 2023, as per the statistics maintained by World Federation of Exchanges (WFE). The year 2023 has witnessed many milestones such as market capitalisation of listed companies surpassing USD 4 trillion, SME listed companies crossing the Rs 1 lakh crore mark and the Nifty 50 index surpassing the 20,000 index levels for the first time. Also, the number of unique registered investors on the exchange reached 8.5 crore at the end of the calendar year. "Ranking third in the equity segment and being the largest derivatives exchange demonstrates the strong capabilities of the Indian capital market ecosystem on
SEIT raised 13.65 billion rupees in the offer, while Mahindra Susten, the green energy arm of the tractors-to-financing conglomerate Mahindra Group, raised 8.98 billion rupees, according to statement
Albula Investment Fund on Friday sold shares of Swan Energy for Rs 157 crore through an open market transaction. Bandhan Mutual Fund (MF), Samco MF, BNP Paribas Arbitrage, Societe Generale, and Resonance Opportunities Fund, among others were the buyers of shares. According to the block deal data available with the National Stock Exchange (NSE), Albula Investment Fund offloaded 30.24 lakh shares, amounting to a 1.14 per cent stake in Swan Energy. The shares were disposed of at an average price of Rs 519.90 apiece, taking the deal value to Rs 157.22 crore. Shares of Swan Energy rallied 7.48 per cent to close at Rs 563.60 per piece on the NSE. Swan Energy on Thursday said it has formally taken over management control of Reliance Naval & Engineering. The company had emerged as the winning bidder under an insolvency resolution process. The acquisition of Reliance Naval marks the company's entry into the shipbuilding, ship repairing, and heavy fabrication industry. Swan Group has ...
With tailwinds of a remarkable year and handsome investor returns, Indian equities are set for an eventful journey in 2024, with a slew of local and global cues -- varying from interest rates to Lok Sabha polls to geopolitical happenings. Analysts are of the view that the bull run in the domestic equity market will continue, and over the next 3-6 months, the benchmark indices -- Sensex and Nifty -- could climb up to 7 per cent. In 2023, the 30-share BSE Sensex jumped 11,399.52 points or 18.73 per cent, and the NSE Nifty climbed 3,626.1 points or 20 per cent. Lok Sabha elections, the US Presidential polls, the trajectory of interest rates, particularly in the US and India, inflation trends and geopolitical situation will be the key factors for the stock market, analysts opined. Experts said the return of the BJP government with a majority in the 2024 general elections is a pivotal factor on the market's wishlist for the new year. As political stability plays a significant role in .
Stock market holidays: In the ongoing calendar year, the markets have a total of 15 holidays which is two more than last year
A senior official at one of the broker firms said that the penalties have had a severe effect on the brokers as they struggle to survive in the fiercely competitive financial landscape
Low interest, strict regulations and the success of active stock-picking are scuppering the growth of quants in the world's most populous nation
Angel One said NSE's order does not affect the existing business or the activities of the APs affiliated with the company.
BSE did not comment on the possible impact of NSE's decision on its revived volumes
The majority of incremental customer acquisition is now happening from tier-2 cities
Share sale firms up state-owned defence firm's chances of MSCI India inclusion