Retail traders lost ₹1.81 lakh crore in futures and options trading over three years to March 2024, with only 7.2% making a profit, according to Sebi. The number of retail traders nearly doubled, contributing significantly to total turnover. Sebi plans to tighten rules to curb risky speculation among retail investors.
Sebi imposes Rs 1 crore fine on Jai Anmol Ambani in Reliance Home Finance case (24-09-2024)
The Securities and Exchange Board of India has fined Jai Anmol Ambani, son of Anil Ambani, Rs 1 crore for alleged irregularities in Reliance Home Finance. Sebi claims he failed to exercise due diligence in lending practices and approved unsecured loans. Last month, Sebi also barred Anil Ambani from the securities market for five years.
Rupee rises to over 2-month high, settles lower (24-09-2024)
The rupee reached a two-and-a-half month high at 83.445 per US dollar on Monday but later settled at 83.552 due to demand from local oil companies and likely RBI intervention. FPIs have invested significantly in Indian equities and government securities, driven by the US Fed’s recent rate cut.
IDFC First Bank Limited (24-09-2024)
What’s the latest on the merger with IDFC?
Market today: GIFT Nifty tops 26k, China rate cut, Northern Arc IPO listing (24-09-2024)
Share market today: GIFT Nifty futures breach the 26,000 level for the first time, Northern Arc, Arkade Developers and Western Carriers to list on NSE BSE
Fed cut effect! Sensex, Nifty zoom to lifetime highs as bulls run amok (24-09-2024)
Indian equity indices reached all-time highs for the second consecutive day, driven by a global bullish trend following the US Federal Reserve’s interest rate cut. Rate-sensitive sectors like banks, real estate, and auto saw significant gains. Investors are optimistic that the Reserve Bank of India will also reduce interest rates soon.
JP Morgan index inclusion boosts $18 bn flows into local bonds in 1 year (24-09-2024)
Since JP Morgan announced the inclusion of Indian sovereign bonds in its global debt indices, foreign investors have injected ₹1.5 lakh crore into the local market. The Federal Reserve’s recent rate cut may further boost these inflows, enhancing interest in Indian assets due to favorable economic fundamentals and a wider rate differential.
Stocks To Watch: Adani Power, Vodafone Idea, PNB, Reliance Power, V2 Retail (24-09-2024)
Stocks to watch today: Indian equity benchmark indices were headed for a strong open on Tuesday, led by record closing highs on the Wall Street by benchmark indices S&P 500 and the Dow.