The real challenge in India’s consumption story lies at the bottom of the pyramid, and the festive season should provide a shot in the arm. Nilesh Shah, MD and CEO of Kotak Mutual Fund, tells Siddhant Mishra in an interview that investors should go for asset allocation funds and be ready to endure volatility before […]
Rupee falls 4 paise to 83.32 against US dollar in early trade
The rupee depreciated 4 paise to 83.32 against the US dollar in the morning session on Monday, tracking a negative trend in domestic equities. Persistent foreign fund outflows also weighed on the local unit, forex traders said. At the interbank foreign exchange, the rupee opened at 83.31 against the dollar. It touched a low of […]
Forging the path forward for AI-augmented application development in India
By Naveen Kumar Kalyankar In the dynamic landscape of digital transformation, developing applications rapidly has become key for businesses striving for competitiveness and agility. A significant breakthrough in this domain comes in the form of Artificial Intelligence AI-augmented application development, which is reshaping application development
FII, DII data: FPIs purchased shares worth Rs 8147 Cr, DIIs sold shares worth Rs 780Cr on November 30, Thursday
Foreign institutional investors (FII) purchased shares worth net Rs 8,147.85 crore, while domestic institutional investors (DII) sold shares worth net Rs 780.32 crore on November 30, 2023, according to the provisional data available on the NSE. In the month of November, FIIs bought shares worth net Rs 5,795.05 crore while DIIs added shares worth ne
MSCI Index Rejig sees addition of nine stocks in Standard Index including Suzlon Energy, Paytm, Tata Motors DVR; No exclusion from India
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