In a significant development, global index provider MSCI has announced the inclusion of nine stocks in its MSCI Global Standard Index, effective as of the close of November 30, 2023. The inclusion features prominent names such as IndusInd Bank, One 97 Communications (Paytm), Tata Motors ‘A’ (Tata Motors DVR), and Suzlon Energy, among others. The [&
Shein IPO raises fresh questions on alleged forced labor in supply chain
As China-founded e-commerce behemoth Shein moves to list in New York, U.S. lawmakers are again calling on it to prove that forced labor is not used to make its $5 t-shirts and $10 sweaters. Shein confidentially filed for an initial public offering on Monday and could launch sales of its shares some time in 2024. […]
Will Nifty stay rangebound around 19800? See GIFT Nifty, FII data, F&O ban, crude, more before market opens
GIFT Nifty traded at 19,858 up 8.5 points or 0.04%, indicating a lacklustre opening for domestic indices NSE Nifty 50 and BSE Sensex on Wednesday. Previously, on Tuesday, the NSE Nifty 50 gained 89 points or 0.45% to settle at 19,783.40, while the BSE Sensex added 275.63 points or 0.42% to 65,930.78. “Markets managed to […]
Sebi considering to create new asset class
Capital markets regulator Sebi is looking to create a new asset class — which lies between mutual funds and portfolio management services (PMS) — and the new product can cater to high-risk investors, its chief Madhabi Puri Buch said on Friday.The Sebi chief said that there is a spectrum of asset classes for investors. Of […]
Samvat 2080 sees all-time high turnover amidst market evolution: Report
Samvat 2080’s Muhurat Trade witnessed a historic surge in turnover. Trades across a staggering 2431 companies set a new high. The trading session recorded a remarkable turnover of ₹14,091.3 crores, marking an all-time high and reflecting a substantial 34.7% year-on-year growth from a temporary dip in 2022. For the sixth consecutive year, Muhurat tr
Religare says BHEL, Eicher Motors and GNFC among top stocks to watch, a break above 19500 may take Nifty towards 19850
By Ajit Mishra Markets have been consolidating in a range but rotational buying across sectors is helping the index to maintain a positive tone. Among the key sectors, the majority are participating inline the benchmark move wherein pharma and realty were among the top performers in recent weeks. Interestingly, the broader indices have been continu
Govt assures onion farmers there won’t be export ban impact; will buy 2 lakh tonne for buffer stock
Amid onion farmers’ protest in Maharasthra against ban on exports, the Centre on Monday said it will procure about 2 Lakh Tonne (LT) of the kharif crop for its buffer stock from all mandis to protect their interest. The procurement will ensure domestic wholesale rates remain stable and do not fall sharply because of the […]
Four new IPOs including Tata Tech open this week; Find out all subscription details and the hits and miss
The market witnessed a rainfall of IPOs with the introduction of four new offerings available for investor subscription. Seizing the opportunities eagerly, investors embraced these openings, resulting in oversubscription for the majority of these public issues. Here’s a comprehensive overview of each of the IPOs and their subscription details; Tata