Posts in category Business Standard
Gold price unchanged at Rs 62,620, silver falls Rs 500 to Rs 75,500 (20-12-2023)
The price of 22-carat gold was also unchanged, with the yellow metal selling at Rs 57,400
Stock Market LIVE: Sensex sinks 850 pts; MidCap, SmallCap indices crack 3% (20-12-2023)
Stock market Update on Wednesday December 20: The BSE MidCap and SmallCap indices tumbled up to 3 per cent.
Sensex, Nifty hit new record highs on firm global trends, buying in FMCG (19-12-2023)
Benchmark equity indices Sensex and Nifty scaled new lifetime high levels in intra-day trade on Tuesday before closing with gains on the back of buying in FMCG and oil shares and positive global cues.
In a volatile trade, the 30-share BSE Sensex climbed 122.10 points or 0.17 per cent to settle at 71,437.19. During the day, the barometer jumped 308.62 points or 0.43 per cent to reach its all-time intra-day high of 71,623.71.
The broader Nifty climbed 86.4 points or 0.40 per cent to hit its record peak of 21,505.05. It finally closed higher by 34.45 points or 0.16 per cent at 21,453.10.
Buying in FMCG, oil and gas, power and select banking shares supported the recovery while losses in IT and auto shares capped gains, analysts said.
Among the Sensex firms, Nestle rose the most by 4.66 per cent. NTPC rose by 2.16 per cent, Reliance Industries by 1.53 per cent, State Bank of India by 1.04 per cent and Hindustan Unilever by 1.03 per cent. ITC, Power Grid and Bajaj Finance were the major
TMS 588: Domestic airline crises, megafactories, crypto-run, dry powder (19-12-2023)
Why do airlines go bust? How can India build megafactories like China? Will Bitcoin's dream run continue in 2024? What is dry powder? All answers here
New launches, cash flows to back rally in Oberoi Realty; stock climbs 33% (19-12-2023)
The recent trigger has been the launch of its Kolshet project (Thane) called Forestville in November
New launches, cash flows to back rally in Oberoi Realty; stock climbs 29% (19-12-2023)
The recent trigger has been the launch of its Kolshet project (Thane) called Forestville in November
Sebi mandates periodic PFMIs assessment for depositories, clearing corps (19-12-2023)
Markets regulator Sebi on Tuesday asked depositories and clearing corporations to carry out self-assessment with respect to Principles for Financial Market Infrastructures (PFMIs) on a periodic basis.
The issue of assessment of PFMI by Sebi-regulated FMIs (Financial Market Infrastructures) was discussed at the regulator's secondary market advisory committee, according to a circular.
Based on the recommendations of the committee, Sebi said it has been "decided that FMIs shall carry out self-assessment on a periodic basis against the PFMIs and disclose the same on their websites".
In this regard, the 24 principles for FMIs have been classified as "quantitative" and "qualitative".
FMIs regulated by Sebi are depositories and clearing corporations.
According to the circular, FMIs should be monitored and assessed against the PFMIs on annual basis by the Regulatory Oversight Committee (ROC) of the FMI.
ROC should submit a report to the governing board of the FMI and Sebi within 60 days
IPO wrap: Motisons Jewellers subscribed 51 times, others above two times (19-12-2023)
It was the penultimate day of the issue for Muthoot Microfin, Motisons Jewellers, and Suraj Estate Developers
Banks, finance companies lost out in 2023 despite record earnings (19-12-2023)
The combined earnings of all listed companies were up 38 per cent Y-o-Y to Rs 3.07 trillion, down from Rs 3.18 trillion in Q1FY24
Nifty, Sensex could see another 8-10% upside in 2024: HDFC Securities (19-12-2023)
The brokerage said its preferred sectors are large-cap banks, industrial and real estate, power, autos, pharma, OMCs, gas, and capital markets