Foreign institutional investors (FII) offloaded shares worth net Rs 4,424.02 crore, while domestic institutional investors (DII) added shares worth net Rs 1,769.49 crore on October 4, 2023, according to the provisional data available on the NSE. For the month till October 4, 2023, FIIs sold shares worth net Rs 6,458.16 crore while DIIs bought shares […]
Month: February 2023
Impact of adverse weather on Indian economy and stock marketImpact of adverse weather on Indian economy and stock market
By Deepak Jasani Although the Indian monsoon season is still a few months away, analysts and economists have expressed concerns regarding the El Nino effect in the forthcoming monsoon season on the Indian economy and financial markets. There are fears about the possibility of drought-like conditions for India in 2023, which could impact agricultural output […]
Closing Bell: Nifty closes shy of 20,000, Sensex shuts shop above 67200; PSUs, metals and realty stocks see correctionClosing Bell: Nifty closes shy of 20,000, Sensex shuts shop above 67200; PSUs, metals and realty stocks see correction
Profit booking by the weak hands a day after the Nifty conquered 20,000 led to the benchmark closing tad below the key level at 19,993.20. The Sensex too settled flat at 67,221.13. The broader markets saw widespread correction. The Nifty Next 50 tumbled 2.30%. Nifty Media and Realty index tanked the most with losses around […]
Rupee falls 12 paise to close at 83.15 against US dollarRupee falls 12 paise to close at 83.15 against US dollar
The rupee fell 12 paise to settle at 83.15 (provisional) against the US dollar on Friday, dragged down by rising crude oil prices and a strong greenback against major rivals overseas. However, a positive trend in domestic markets restricted the downside for the local unit, forex traders said. The rupee finally settled at 83.15 (provisional) […]
Rupee trades in narrow range against US dollar in early tradeRupee trades in narrow range against US dollar in early trade
The rupee witnessed range-bound trading against the US dollar in early trade on Monday, weighed down by a negative trend in domestic equities, elevated crude oil prices and strong American currency. At the interbank foreign exchange, the rupee opened at 83.09 against the dollar, registering a rise of 7 paise over its previous close. The […]
Muthoot Finance to raise up to Rs 1,000 crore via NCDsMuthoot Finance to raise up to Rs 1,000 crore via NCDs
Gold loan focused non-bank lender Muthoot Finance on Tuesday said it will raise up to Rs 1,000 crore through a public issue of secured, redeemable non-convertible debentures. The fresh non-convertible debentures (NCDs), which is the 33rd public issue of the largest gold loan financier with over Rs 60,000 crore of loan outstanding, has a base […]
FII, DII data: FPIs sold shares worth Rs 90 cr, DIIs bought shares worth Rs 783 cr on October 6, FridayFII, DII data: FPIs sold shares worth Rs 90 cr, DIIs bought shares worth Rs 783 cr on October 6, Friday
Foreign institutional investors (FII) offloaded shares worth net Rs 90.29 crore, while domestic institutional investors (DII) added shares worth net Rs 783.25 crore on October 6, 2023, according to the provisional data available on the NSE. “The benchmark 10-year yield is consistently over 4.7% forcing the FPIs to sell in emerging markets. India continues to […]
Orbit Chain faces crypto theft of about $100 millionOrbit Chain faces crypto theft of about $100 million
With insights from blockchain security firms, attack on Orbit Chain’s cross-chain bridge has pushed up the amount of crypto stolen in December 2023 to almost $100 million, stated Cointelegraph. “PeckShieldAlert Hackers stole $99.3 million across over 36 attacks in December.The Cross-chain #OrbitBridge suffered an $81.5 million exploit on New Year’s Eve, marking it as the […]
LEO1 and NSDL payments bank introduce MasterCard-powered prepaid ID cardsLEO1 and NSDL payments bank introduce MasterCard-powered prepaid ID cards
LEO1, an edu-fintech startup, in collaboration with NSDL Payments Bank, has introduced prepaid ID cards for students and educational institutions. This card, supported by MasterCard, is devoid of traditional numbering, offering a secure and efficient payment solution to educational institutes and students, according to an official release. The primary objective of the prepaid student card […]
Irrational exuberance driving midcaps, no fundamental reason behind current rally: Kotak EquitiesIrrational exuberance driving midcaps, no fundamental reason behind current rally: Kotak Equities
In recent months, the mid-cap and small-cap segments have seen a sharp rise, outperforming the blue-chip benchmark indices. However, according to Kotak Institutional Equities, trying to find solid fundamental reasons for this phenomenon is a challenging task. In fact, many companies in these segments saw their fundamentals worsen, which led to investors wondering what the […]