Overseas funds have stepped up the selling pressure following the US Federal Reserve’s indication that interest rates will stay higher for longer
Posts in category Business Standard
Sebi renews licences of NSE Clearing, Indian Clearing Corp for three years (28-09-2023)
Capital market regulator Sebi has renewed the licences of NSE Clearing Ltd and Indian Clearing Corporation Ltd for three years.
The three-year licence will be valid till October 2, 2026, according to two separate gazette notifications issued on Wednesday.
NSE Clearing Ltd is a wholly-owned subsidiary of the National Stock Exchange (NSE) and Indian Clearing Corporation Ltd (ICCL) is an arm of BSE.
While considering the applications for renewal of recognition by NSE Clearing and ICCL, Sebi said it would be in the interest of the trade, in the interest of securities market and also in the public interest to do so.
The watchdog has renewed their recognition to function as clearing corporations “for three years commencing on October 3, 2023 and ending on October 2, 2026”.
NSE Clearing and ICCL are responsible for clearing and settlement of all trades executed on NSE and BSE, respectively, as well as carry out deposit and collateral management, and risk management functions.
Tight supply, inflation concerns keep crude oil investors on fence (28-09-2023)
By 1111 GMT, Brent crude futures were down 37 cents to $96.18 a barrel after rising to their highest level since last November earlier in the session. The November contract expires on Friday
Flipkart Big Billion Days Sale 2023: Best deals, offers on Mobiles and More (28-09-2023)
The Flipkart Big Billion Days Sale is famous among smartphone purchasers who wish to purchase flagship iPhone models. Flipkart Plus members will get early access to the sale
Stake sales by promoters, private equity investors 2.2 times of 2022 (28-09-2023)
The Nifty Midcap 100 index has rallied 27 per cent, while the Nifty Smallcap 100 index has rallied 30 per cent
ICICI Bank sees $10 bn of flows before India’s entry to global bond index (28-09-2023)
As markets anticipate inclusion of the debt in other indexes, including the Bloomberg Global Aggregate, the flows could rise to $50 billion by the end of next year
MapmyIndia soars 11% on heavy volumes; stock zooms over 100% in 6 months (28-09-2023)
The company has laid down a five-year plan wherein it aims to cross the revenue milestone of Rs 1,000 crore by FY28 reporting a CAGR of 35-40 per cent.
Yatra Online makes weak debut; stock lists 10% below issue price (28-09-2023)
The stock listed at Rs 127.5, 10 per cent below its issue price of Rs 142 per share, on the National Stock Exchange.
Government bond and forex market to remain open on Thursday, Friday (28-09-2023)
The auction of government-dated securities scheduled on Friday, will now be conducted on Thursday, with settlement on Friday
Gold price dips Rs 280 to Rs 59,450, silver falls Rs 600 to Rs 74,200 (28-09-2023)
The price of 22-carat gold fell Rs 250 to Rs 54,500