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
The generic equivalent of Latuda tablets has been launched in the US markets
The stellar growth was despite a 20 per cent year-on-year fall in cash market volumes during the 9MFY23
The last date for submitting queries by interested bidders is December 29, 2022, and that for submission of bids is January 27, 2023 as per the expression of interest (EoI)
NSE has almost a monopoly in the equity derivatives segment and 93 per cent market share in the equity cash segment
The ED on Tuesday opposed in the Delhi High Court the bail plea of former MD of National Stock Exchange Chitra Ramkrishna in a money laundering case related to alleged illegal phone tapping of NSE employees, saying she was the mastermind behind the criminal conspiracy in the matter. The Enforcement Directorate (ED) told Justice Jasmeet Singh that the proposal for call interception and monitoring, which was in the guise of study of cyber vulnerability, was processed through Ramkrishna who was the deputy managing director at the relevant time, and that she identified the telephone numbers and the employees for monitoring. It said that all the approvals were either processed through her or given by her and that the illegal interception was co-terminus with her tenure at NSE. She represented NSE at an initial meeting for the award of the contract. The telephone numbers and the employees who were identified for monitoring were identified by her. "We have statements of multiple people w
The stock market in India will remain closed today for Dussehra
A Delhi Court on Monday dismissed the bail application of former managing director and chief executive officer of the National Stock Exchange (NSE) Chitra Ramkrishna in a money laundering case related to the alleged illegal phone tapping and snooping of NSE employees. Special Judge Sunena Sharma denied the relief, saying the stage was not set to allow the bail. During the hearing, the ED had opposed the bail plea, saying the investigation was ongoing in the matter and she was directly or indirectly indulging in the crime. The ED's Special Public Prosecutor N K Matta had told the court that from 2009 to 2017, former NSE CEO Ravi Narain, Ramkrishna, Executive Vice President Ravi Varanasi and Head (Premises) Mahesh Haldipur and others conspired to cheat NSE and its employees and for the said purpose iSEC Services Pvt Ltd was engaged for illegal interception of phone calls of employees of NSE in the guise of Periodic Study of Cyber vulnerabilities of NSE. The top officials of NSE issue
NSE had started MD & CEO selection process in March. Vikram Limaye was eligible for another five-year term but opted out