Groww, Zerodha parents, others set to invest Rs 238 crore in Metropolitan Exchange
The bourse in its board meeting on Tuesday approved the issuance of 119 crore shares to these investors at ₹2 apiece, in a fresh attempt to revive the beleaguered market intermediary.
Lenders show sustained profit growth amid fall in NIM pressure
The extent of net profit has improved significantly over the past few quarters. The sample’s net profit in the latest quarter was two-and-a-half times ₹36,741 crore reported in the September 2021 quarter.
MFs court investors with new themes; wealth managers advise small exposure
The chosen avenue for generating alpha, these funds opened a new plan almost weekly, on average, and drew record subscriptions, showed data from the Association of Mutual Funds of India (AMFI).
India Cements’ Srinivasan, other promoters exit company board
The Aditya Birla Group firm has completed the acquisition of 10.13 crore equity shares of India Cements (ICL), representing 32.72% of the equity share capital of the company.
Farmers borrowing more from banks and are creditworthy, too
The number of farmers’ accounts opting for credit through institutional sources increased by 381 lakh from March 2020 to March 2024. A large number of urban labourers moved back to their rural homes postCovid, fostering growth in agricultural activities.
Weaker rupee boosts trade balance in the long run
Depreciation of the Rupee benefits India’s exports more than appreciation benefits importers, according to an RBI study. The Real Effective Exchange Rate indicates improved trade balance with Rupee depreciation and deterioration with appreciation. The study analysed 40-currency and 6-currency REER indices, reflecting dynamic patterns of India’s trade.
7 stocks fallen over 50% from their 52-week high, do you own any?
Indian equity trading has been volatile with a negative bias for quite some time. Over the last 10 trading sessions, the benchmark index, Sensex, has lost more than 3,000 points. From its 52-week high, the Sensex has dropped by 8.5%, while the BSE500 index has fallen by approximately 9%. However, within the BSE500 index, there […]
Market Trading Guide: Grasim Industries, AMI Organics are among 4 stock recommendations for Thursday
Indian benchmark indices BSE Sensex and Nifty ended with minor declines on Tuesday dragged by IT and bank stocks. While the 30-stock BSE Sensex finished at 78,472.87, falling by 67.30 points or 0.09%, the broader Nifty50 finished at 23,727.65, declining by 25.80 points or 0.11%. Domestic markets were closed today (Wednesday, December 25) on account […]
Breakout Stocks: How to trade KFin Technologies & Amber Enterprises on Thursday?
The Indian market closed flat on Tuesday with a negative bias. The BSE Sensex fell 83 points while the Nifty50 managed to close above 23,700 levels.
Ahead of Market: 10 things that will decide stock market action on Thursday
The Indian market closed flat on Tuesday, ahead of the Christmas holiday, with gains in FMCG and auto stocks being offset by losses in metal and power stocks. Analysts predict range-bound movement due to economic concerns, Q3 results, and the upcoming Union budget, amidst mixed global market performances.