Page 7 - National Stock Exchange

Country's wealth will increase 1,000% in next 50 years: NSE MD Chauhan

National Stock Exchange Managing Director and CEO Ashishkumar Chauhan on Wednesday said he is confident that India's wealth will increase 1,000 per cent over the next 50 years, thanks to the young population and technological advancements. Speaking as the chief guest at the 23rd convocation ceremony of the Entrepreneurship Development Institute of India (EDII) near Ahmedabad on Wednesday evening, Chauhan admitted that India still has socio-economic challenges, such as poverty, illiteracy, poor housing, living conditions, lack of food, water, sanitation and insufficient healthcare. He then urged the passing-out students to be the "agent of change" and find innovative and cost effective solutions to bring change. "India is going to make huge progress on the back of a young population, rapid technological developments and its entrepreneurs over the next 50 years. India's wealth is going to increase 1,000 per cent, that is ten times, over the next 50 years," he said in his address. Wit

Small investors should avoid getting into derivatives: NSE MD & CEO

NSE's MD & CEO suggests proposed rules will prevent potential malpractices by ensuring that only sufficiently liquid companies are included in the F&O segment

Eid holiday: Are stock markets NSE & BSE open for trading on June 17?

Trading on the Indian stock market will resume on Tuesday, June 18, according to the BSE and NSE websites

NSE warns investors against deepfake clips of its chief recommending stocks

The National Stock Exchange (NSE) on Monday cautioned investors against deepfake videos of its MD and CEO Ashishkumar Chauhan giving investment advisories. In a statement, the exchange said it has observed the use of face/voice of Chauhan and NSE logo in a few investment and advisory audio and video clips falsely created using technology. Such videos seem to have been created using sophisticated technologies to imitate the voice and facial expressions of Chauhan. Accordingly, the bourse has asked investors not to believe in such audio and videos and not to follow any such investment or other advice coming from such fake videos or other mediums. It may be noted that NSE's employees are not authorised to recommend any stock or deal in those stocks. Additionally, the exchange is making efforts requesting these platforms to take down these objectionable videos, wherever possible. As per NSE's process, any official communication is made only through its official website www.nseindia.c

IRB Infrastructure share price soars 4% on robust May toll collection

The uptick in share price came on the back of strong toll revenue collection in May 2024

Kalpataru Projects Board to meet on June 10 to mull fund raise; stock up 6%

The surge came after the company announced that its board will meet on June 10 to approve raising of funds by way of issuance of Non Convertible Debentures (NCDs) on private placement basis

KEC International share price rallies 7% on Rs 1,000-crore order win

The surge came on the back of an order win worth Rs 1,002 crore

Sebi committee to review ownership structure of clearing corporations

Panel chaired by former RBI deputy governor to suggest alternatives to ensure capital needs of clearing corporations

NSE Indices launches India's first EV index to facilitate ecosystem

NSE Indices Ltd, a subsidiary of the National Stock Exchange, on Thursday launched the EV and new-age automotive index to track the performance of companies which form a part of the EV ecosystem. This would be the country's first ever electric vehicle (EV) index. "The launch of the Nifty EV and new-age automotive index will facilitate creation of products which will create opportunity for asset managers to invest in the electric vehicle and new-age automotive market thereby providing an investment vehicle to investors," NSE Indices said in a statement. The government has always been at the forefront of framing policies related to EV adoption so that EVs with the latest technology can be manufactured in the country and attract investments by global EV manufacturers, thereby giving a boost to the Make in India initiative. The base date for the new thematic index is April 2, 2018, and the base value is 1,000. The index will be reconstituted semi-annually and rebalanced on a quarterly

Beware of stock investment-related calls from these two numbers, warns NSE

The NSE warned the investors against sharing their login credentials with any person claiming to be a member of any registered entity of the exchange

Promoter of Inox Wind divests 4.6% stake for Rs 904 cr via open market

Inox Wind Energy, one of the promoters of Inox Wind Ltd, on Tuesday divested a 4.6 per cent stake in the company for Rs 904 crore through open market transactions. Inox Wind is India's leading wind energy solutions provider. It is a subsidiary of Inox Wind Energy Ltd (IWEL). According to the bulk deal data available on the National Stock Exchange (NSE) and the BSE, Inox Wind Energy sold a total of 6 crore shares on the bourses, amounting to a 4.6 per cent stake in Noida-based Inox Wind Ltd. Shares of Inox Wind tumbled 10 per cent each to close at Rs 147.65 and 147.75 per piece on the BSE and NSE, respectively. IWEL offloaded 5.50 crore shares of Inox Wind on the NSE and the promoter entity sold 50 lakh shares of the company on the BSE. The shares were disposed of in the range of Rs 150.58-152.52 apiece, taking the transaction value to Rs 904.45 crore. After the stake sale, shareholding of Inox Wind Energy declined to 33.83 per cent from 38.43 per cent in Inox Wind. Also, the comb

NMDC falls 2% on weak Q4 performance; Rs 7.25 dividend announced in FY24

The state-owned company's profit plunged 37.8 per cent to Rs 1,412.7 crore in the March quarter of financial year 2024 (Q4FY24), from Rs 2,271.5 crore in Q4FY23

NSE lowers tick size to 1 paisa: Over 1,300 stocks to be impacted

Analysts believe a lower tick size can bolster price discovery and market efficiency, rendering trading more appealing for both retail investors and traders.

Bosch soars 5% on strong Q4 results; up 45% in last 6 months

Bosch's net profit rose 41.5 per cent on a year-on-year (Y-o-Y) basis to Rs 564 crore, from Rs 399 crore in the same quarter a year ago (Q4FY23)

Jefferies to Nuvama: These brokerage have raised NTPC target price post Q4

ICICI Securities stressed upon NTPC's position in the increasing total addressable market for power capex, benefiting from both conventional and renewables sectors

Infy, Sumitomo Chemical, MTAR Tech; top picks from Anand Rathi for May 27

Over the past few months, Infosys' stock has been consolidating within a narrow trading range, approximately between Rs 1,400 and Rs 1,450

From Goldman Sachs to CLSA, brokerages upbeat on this stock; details here

At 9:17 AM, ITC shares were trading nearly 0.50 per cent lower at Rs 439.45 per share. In comparison, S&P BSE Sensex was down 0.14 per cent at 75,309.65 levels

PSP Projects slips 4% after Q4 profit plunges 66%; check details here

PSP Projects stock fell as much as 4.27 per cent to hit an intraday low of Rs 656.20 per share

Bayer CropScience stock declines 6% on Friday post Q4; Check details here

Bayer CropScience's revenue slipped 19.5 per cent on a year-on-year (Y-o-Y) basis to Rs 792 crore as opposed to Rs 983 crore in the same quarter a year ago

JK Lakshmi Cement shares rally 7% on healthy Q4; up 15% in last one year

The surge in JK Lakshmi Cement share was fuelled by robust Q4FY24 results, which came in line with street estimates