The Nikkei average dropped 1.16 percent to 39,599, extending losses for a fourth straight session. The broader Topix index settled 1.16 percent lower at 2,827.53.
Posts in category Business Standard
Chinese Markets Decline After PBoC Lowers Benchmark Rate (22-07-2024)
Gold held steady above $2,400 per ounce while oil prices edged up slightly in Asian trade after having hit a four-week low on Friday.
Scores of registered investment advisors face risk of licence cancellation (22-07-2024)
Industry asks Sebi to ease entry barriers for investment advisors, reduce compliance burden
Euro Currency Speculators Increase Net Long Positions (22-07-2024)
Large currency speculators in the Euro futures market increased net long position, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC). The non-commercial futures contracts of Euro futures, traded by large speculators and hedge funds, totaled a net long position of 24749 contracts in the data reported through July 16, 2024. This was a weekly rise of 21126 net long contracts.
Nifty ends below 24,550; Sensex drops 102 pts; VIX jumps 4% (22-07-2024)
As per provisional closing, the barometer index, the S&P BSE Sensex, was down 102.57 points or 0.13% to 80,502.08. The Nifty 50 index shed 21.65 points or 0.09% to 24,509.25.
Kataria Industries IPO: Allotment status today, GMP, likely listing price (22-07-2024)
Kataria Industries IPO allotment status: The unlisted shares of Kataria Industries are currently trading at a premium of Rs 70
India’s stock market capitalisation to GDP ratio ranks fifth globally, Says Economic Survey (22-07-2024)
Capital markets are becoming prominent in Indias growth story, with an expanding share in capital formation and investment landscape on the back of technology, innovation, and digitisation, according to Economic Survey 2023-24 tabled in Parliament on Monday. Indian stock market was among the best-performing markets, with Indias Nifty 50 index ascending by 26.8 per cent during FY24, as against (-)8.2 per cent during FY23. The market capitalisation of the Indian stock market has seen a remarkable surge, with the market capitalisation to GDP ratio being the fifth largest in the World. The presence of a robust Digital Public Infrastructure (DPI) and the greater involvement of banks and microfinance institutions (MFIs) have contributed to improved financial inclusion. The insurance and pension sectors are also doing well, as indicated by their expanding coverage.
NSE launches Nifty IPO index (22-07-2024)
The weight of each company in the index will be based on its free-float market capitalization, with a cap of 10% to prevent any single stock from dominating the index. The index will be reviewed and rebalanced on a quarterly basis to reflect changes in the market.
Inflation Largely Under Control: Economic Survey (22-07-2024)
In 2023, India’s inflation rate was within its target range of 2 to 6 per cent. Compared to advanced economies like the USA, Germany, and France, India had one of the lowest deviations from its inflation target in the triennial average inflation from 2021-2023.
Primary mkt was robust amidst favourable investment climate: Eco Survey (22-07-2024)
Debt issuances dominated fundraising in the last fiscal year, constituting 78.8 per cent of the total funds raised