Posts in category Business Standard
Market ends on high for 7th day, Nifty closes at 21,000, Sensex 70,000 (06-12-2023)
Experts suggest that this is a sign that higher interest rates have dampened worker demand and raised bets that the Fed's monetary policy tightening cycle is over
Sebi lays down framework for calculation of Net Distributable Cash Flows (06-12-2023)
To promote ease of doing business, capital markets regulator Sebi on Wednesday decided to standardise the framework for calculation of available net distributable cash flows by REITs, InvITs and their respective holding companies.
The new framework will be applicable from April 1, 2024, the Securities and Exchange Board of India (Sebi) said in two separate circulars.
Under the rules, the Net Distributable Cash Flow (NDCF) is computed at the level of real estate investment trusts (REITs), and infrastructure investment trusts (InvITs) and their holding companies (HoldCo) or special purpose vehicles (SPVs).
Further, the minimum distribution should be 90 per cent of the NDFC at the Trust level as well as the HoldCo/SPV level. This is subject to applicable provisions in the Companies Act or the Limited Liability Partnership Act.
Sebi said that the option to retain 10 per cent distribution needs to be computed by taking together the retention done at SPV level and Trust level.
"Further,
Expecting direct listing of cos in GIFT City by April 2024: IFSCA chief (06-12-2023)
The industry players say that the new avenue will help startups and unlisted companies access global capital
Bitcoin breaches $44,000 mark, now on the same level as in March 2022 (06-12-2023)
According to experts, the current rally comes in the backdrop of optimism around Bitcoin exchange-traded funds
BSE SME stocks see total m-cap crossing Rs 1 trn on investor exuberance (06-12-2023)
The BSE SME IPO index has surged over 2,400 per cent since the end of 2019
Nifty Smallcap 250 up 10.2% in November 2023, Nifty 500 rose 7% (06-12-2023)
Across the board, all sector indices closed the month on a positive note. The realty sector emerged as the top performer, witnessing a substantial increase of 18 per cent.
Angel One zooms 10%, hits record high on solid biz performance in November (06-12-2023)
Angel One's client base grew 51.3 per cent year-on-year (Y-o-Y) to 18.45 million
Tata Power soars 6%; hits new high after 20 months on positive outlook (06-12-2023)
CRISIL Ratings expects Tata Power's consolidated adjusted Ebitda to be more than Rs 12,000 crore each in fiscals 2024 and 2025, against around Rs 11,500 crore in FY23 and around Rs 9,600 crore in FY24
These two SME stocks zoom 100% over issue price on debut (06-12-2023)
Amic Forgings was trading at Rs 251.35 against its issue price of Rs 126 per share, while Deepak Chemtex was quoting at Rs 159.60, against its issue price of Rs 80 per share.
Investors’ wealth rises by Rs 2.17 trn in deals as markets scale new peaks (06-12-2023)
Investors turned wealthier by Rs 2.17 lakh crore on Wednesday, as benchmark indices raced to scale new peaks, lifted by gains in blue chip stocks on the back of strong institutional inflows.
Benchmark sensitive indices Sensex and Nifty touched record highs in initial trade on Wednesday, with Nifty nearing the psychologically-important level of 21,000.
The 30-share BSE Sensex jumped 303.25 points, or 0.44 per cent, to a new record high of 69,599.39 in the morning trade. The broader index Nifty also climbed 100.05 points, or 0.48 per cent to hit its fresh lifetime high of 20,955.15.
The market rally added Rs 2.17 lakh crore wealth to investors' kitty.
The market capitalisation of BSE-listed companies surged to Rs 348.64 lakh crore in initial deals on Wednesday, from Rs 346.47 lakh crore in the previous trading session.
Analysts said foreign institutional investors have reversed their selling strategy and have been consistent buyers during the last seven days. This momentum is a ...