In a recent analysis by Jefferies, the sustained growth of Systematic Investment Plans (SIPs) remains a prominent trend, indicating the resilience of disciplined investment strategies among Indian investors. Despite signs of lumpsum flows moderating, this observation is interpreted by Jefferies as a clear demonstration of growing investor maturity
Retail surge propels NSE delivery volumes to six-year high
The National Stock Exchange (NSE), has seen a striking surge in delivery volumes, reaching a six-year high, driven predominantly by increased retail participation. The trend, which has been steadily rising since June, appears to be fueled by both direct retail investments and inflows via mutual funds. Analysts suggest that this upward trajectory co
Trade shifts to tech products, smart-phones exports up 93% to $13.9 billion
The headlines of 2023 captured declining merchandise exports and record trade deficits but beyond it, yet India moved ahead in the global markets for goods and services in the year. The world’s imports in the year are seen at $25 trillion, of which 70% or $ 17 trillion market is for product segments where India […]
Sterling and Wilson launches QIP to raise Rs 1500 crore, sets floor price of Rs 365.02
Sterling and Wilson Renewable Energy launched its Qualified Institutional Placement (QIP) on Monday, December 11. The Securities Issuance Committee, in accordance with Securities and Exchange Board of India (SEBI) guidelines, approved a floor price of Rs 365.02 per share for the issuance. The global pure-play, end-to-end renewable engineering, proc
Oil prices tumble as OPEC+ meeting delay sparks concerns over production cuts
Crude oil prices tumbled for the second consecutive session. The prices fell over 1% during early trade on Thursday. WTI crude prices are trading at $76.07 marking a 1.34% decrease, while Brent crude prices stand at $80.78 reflecting a 1.44% decline. This downward trend follows the news that the Organisation of the Petroleum Exporting Countries [&h
Will Nifty breach the 19850 level? See GIFT Nifty, FII data, F&O ban, crude, more before market opens
GIFT Nifty traded flat at 19, 892.5 up merely 0.02%, indicating a tepid opening for domestic indices NSE Nifty 50 and BSE Sensex on Thursday. Previously, on Wednesday, the NSE Nifty 50 advanced 28.45 points or 0.14% to settle at 19,811.85, while the BSE Sensex gained 92.47 points or 0.14% to 66,023.24. “Markets remained range-bound […]
Muthoot Microfin to launch Rs 960 crore IPO on Dec 18
Muthoot Microfin, the microfinance subsidiary of Muthoot Pappachan group, is set to float its Rs 960 crore initial public offering (IPO) on December 18. The maiden public issue will conclude on December 20 and the one-day bidding for the anchor investors will open on December 15, according to the red herring prospectus (RHP). Those selling [&hellip
King Charles III’s annual Christmas message from Buckingham Palace to include sustainable touches
King Charles III will give his second Christmas message from Buckingham Palace in front of a live tree decorated with sustainable ornaments. The message to be broadcast at 3 p.m. on Monday will be the king’s second holiday address since he ascended the throne but the first since his coronation in May. The natural decorations […]
EnKash plans to grow spends by 3X-5X by FY25
B2B fintech major EnKash, which received the Reserve Bank of India’s (RBI) payment aggregator (PA) license recently for its Olympus product, plans to expand overall spends by 3X-5X by FY25 from $3 billion in FY23, co-founder Yadvendra Tyagi told FE. “The company is currently operating and serving more than 250,000 businesses processing $3 billion s
2023 car buying trends: Purchase intent for EVs has reduced
A Deloitte study has found that the ‘purchase intent’ for electric cars – percentage of respondents preferring an EV as their next vehicle – has reduced from 54% at the beginning of 2023 to 48% by October 2023. This is despite the fact that more electric cars were launched in India this year than hybrids […]