November proved to be a remarkable month for the Indian market, witnessing a robust performance as the Nifty 50 surged by 5.52%. This marked a significant turnaround from October’s 2.84% decline, positioning November as the best monthly performer since July 2022, when the index gained 8.73%.
Starting the month at 18,989 points, the Nifty 50 maintained a consistent upward trajectory, avoiding any dip below the closing price. Over 19 trading sessions, it surged by 1,011 points, surpassing the psychological threshold of 20,000. In today’s session, the index reached 20,855 points, just 0.81% making a new all time high.
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By admin • February 5, 2025 • Shares of Multi Commodity Exchange (MCX) jumped 5 per cent in mid-session trade on Monday, after the bourse received approval from Sebi’s tech panel to launch new web-based commodity derivatives platform (CPD).
The scrip of the company rallied 4.80 per cent to Rs 2,137 apiece on the BSE, while shares of MCX climbed 4.73 per cent to Rs 2,136 per piece on the NSE.
Further, the stock hit 52-week high of Rs 2,150 and Rs 2,149.50 per piece on the NSE and BSE, respectively.
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By admin • January 13, 2025 • Oil prices rose nearly $1 on Wednesday as markets focused on supply tightness heading into winter and a “soft landing” for the U.S. economy.
Brent crude futures rose 86 cents, or 0.9%, to $94.82 a barrel by 0340 GMT, while U.S. West Texas Intermediate crude futures climbed 86 cents, or 0.9%, to $91.25.
Industry data released on Tuesday showed U.S. crude oil stockpiles rose last week by about 1.6 million barrels, against analysts’ expectations for a drop of about 300,000 barrels.
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By admin • January 2, 2025 • The broader market indices have significantly outperformed the benchmarks over the last four years, driven by persistent inflows from domestic investors. Pranav Haridasan, managing director and chief executive officer at Axis Securities, tells Vivek Kumar M in an interview that large-caps may see a catch-up rally in the near term, given the valuation differential. However, he believes more themes and pockets of growth may emerge from mid-cap and small-cap space in the longer term. Excerpts:
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By admin • December 27, 2024 • To facilitate easier access to global capital for Indian start-ups and firms in the sunrise and technology sectors, the Centre has reduced the mandatory public float threshold to 10% from 25% for companies to be listed in the International Financial Service Centres (IFSCs). The immediate beneficiary would be the Gift City in Gujarat.
“This will particularly benefit Indian companies going global and having ambitions to look at opportunities for expanding their presence in other markets,” the finance ministry said in a statement.
While the lower threshold will encourage more entities to list themselves on the IFSCs, analysts said small floats could be prone to share price manipulations. “While companies consider multiple factors such as liquidity, cost of lis…
