Listed bond issuances through the electronic debt bidding platform (EBP) saw a sharp drop in terms of the total amount raised during the first quarter, to about ₹1.6 trillion from ₹2.42 trillion during the corresponding period of 2023-24, show data from BSE and NSE. The total number of issues fell […]
Market
Next Week, Wall Street will see two key economic reports on industrial production and retail sales, and second quarter results of several major companies such as streaming giant Netflix, Goldman Sachs, Bank of America, Abbott Laboratories, and Johnson & Johnson. After Federal Reserve Chairman Jerome Powell’s testimony to the US […]
Since June 4th, the national market has been thriving on a strong foundation. The formation of a stable government and high expectations for the upcoming budget have been key drivers for this rally. Optimism may have grown further when the final budget date was extended to July 22nd, allowing for […]
Indian stock market: The Nifty has given a consolidation breakout on the daily chart, driven by a strong technical breakout in IT giants. The sentiment looks positive from here, as the indicators and popular overlays indicate a continuation of strength. Support is visible at 24,400, where significant short buildup has […]
The Nifty index closed the trading week at 24,500, marking a weekly high of 24,500, close to the resistance zone of 24,500-24,600. Throughout the week, the index fluctuated within a range of 24,100-24,500. This rally can be considered a pre-budget rally, focusing on manufacturing, infrastructure, export, defense, auto, and fertilizer […]
The National Stock Exchange (NSE) in a recent circular announced that the exchange has cracked down on the list of stocks eligible to be used as collateral for margin funding, reported Moneycontrol. Out of the list of 1,730 eligible stocks, the exchange has removed 1,010 stocks including companies like Adani […]
Bitcoin surged above $60,000 following Donald Trump’s bold response to an assassination attempt, leading to speculation that his presidential election prospects have strengthened, according to Bloomberg report. The former president, known for his supportive stance on cryptocurrency, reported being shot in the right ear during gunfire at a political rally […]
Last week witnessed a significant surge in the combined market valuation of seven of the top-10 most valued firms, amounting to an increase of ₹1,72,225.62 crore. Leading the charge was IT giant Tata Consultancy Services (TCS), benefiting from a bullish equity market. During the week, the BSE benchmark rose by […]
Following a busy week, the primary market is set to see the launch of four new initial public offerings (IPOs) in the coming week. This includes three IPOs in the small and medium enterprise (SME) segment and one in the mainboard segment. Last week, the primary market saw the closing […]
The capital markets regulator Securities Exchange Board of India (Sebi) has granted recognition for administration and supervision of research analysts (RAs) and investment advisors (IAs) to BSE Ltd for a period of five years starting July 25, 2024. This was announced in a Sebi circular dated July 12 which also […]