Shares of Paytm surged by 5 per cent for the second consecutive session on May 30. The stock experienced a significant rally following reports that billionaire Gautam Adani is contemplating acquiring a stake in Paytm’s parent company, One97 Communications. The stock finally closed at ₹377.40 per share on Thursday. However, […]
RBI
Edited excerpts: How do you expect the market movement after the Lok Sabha election outcome on June 4? When can we expect fresh record highs? The base case scenario anticipates the formation of a government by the BJP. However, we anticipate potential market volatility post-election, especially if the BJP fails […]
Intermittent bouts of stock market volatility can be expected until the electoral outcomes, but this is not necessarily a bad sign, says Ashish Gupta, chief investment officer, Axis AMC, which manages around ₹2.6 trillion in assets. In fact, he believes periodic corrections are healthy as they eliminate excesses, and create […]
Over the past month, the Indian market has been dilly-dallying around the ground of the all-time range. Nifty50 is trading within a broad range of 1000 points, between 21,800 to 22,800. Although the market lacks a clear direction, it shows a positive trend as there has been no loss in […]
India’s market watchdog has recommended that several regulators oversee trade in cryptocurrencies, documents show, the strongest signal to date that at least some authorities in the country are open to allowing the use of private virtual assets. The position of the Securities and Exchange Board of India (SEBI) contrasts with […]
Fintech major Paytm is still in the disruption phase and its business normalization and growth re-acceleration is likely to be a long drawn out process. The company may not turn EBITDA-positive before FY28 and net profit-positive by FY29, Emkay Global said. Paytm share price has corrected around 55% following the […]
In September 2023, JPMorgan had announced that it would include India in its emerging market bond index starting in June, where it will have a maximum weight of 10%. The firm estimates its emerging-market bond gauge currently has $216 billion of assets under management. Assuming an index-neutral position, the estimated […]
Mumbai: Top brokers have reopened the currency derivatives door for clients willing to declare that they comply with rules, after trading volumes plunged following the implementation of recent central bank directions. Zerodha, Motilal Oswal and Kotak Securities have begun seeking self-declarations from clients stating that such positions are taken only […]
MUMBAI : When the West Asia conflict flared up and boosted gold prices, it was time for some of India’s gold bond investors to cash out. Buyers of sovereign gold bonds (SGBs) have prematurely redeemed 1.25 tonnes, clocking a near-doubling of returns on their issue price, Reserve Bank of India […]
The shares of public sector banks fell during trade on Monday after the Reserve Bank of India’s draft rules proposed higher provisioning norms on under-construction projects. PSU Bank nifty index fell 3.66% to close at 7,252.85 in trade on Monday. On 3 May, RBI issued a draft prudential framework for […]