Category: Uncategorized

[ad_1] The new total expense ratio (TER) structure, proposed for mutual funds (MFs) by SEBI, will lead to lower GST and tax collection from the industry as the overall spend and profitability will come down. In a bid to bring down the cost for investors, SEBI has proposed to shift the TER of MFs from […]

[ad_1] Information technology stocks came under heavy pressure on Tuesday after US-based EPAM Systems cut its current quarter and full-year revenue and profit outlook. In a see-saw session, the 30-share BSE Sensex and Nifty managed to close in the green, but Nifty IT index closed 1.88 per cent lower. However, the BSE Smallcap edged up […]

[ad_1] The National Stock Exchange (NSE) has shifted the settlement of derivative contracts on Bank Nifty from Thursday to Friday. In a release, the exchange said the change will be effective from July 14and accordingly, all existing contracts with Thursday expiry will be revised to Friday on July 6. “The first Friday expiry will be on July […]

[ad_1] Trading volumes on the commodity exchanges are rapidly dropping due to the emergence of the unofficial dabba market and the levy of stiff upfront margin on trades on exchanges. The trading volume on NCDEX plunged 55 per cent in the year ended March to ₹2.07 lakh crore against ₹4.57 lakh crore logged in the […]

[ad_1] The Reserve Bank of India’s interest rate decision, domestic macroeconomic data and global trends will dictate terms in the equity markets this week, analysts said. Trading activity of Foreign Portfolio Investors (FPIs) will also influence markets, they added. “The Indian market will be closely monitoring the Reserve Bank of India’s Monetary Policy Committee (MPC) […]

[ad_1] India’s import of cheap Russian oil scaled another record in May and is now more than the combined oil bought from Saudi Arabia, Iraq, UAE and the US, industry data showed. India took 1.96 million barrels a day from Russia in May, 15 per cent more than the previous high in April, according to […]

[ad_1] Foreign portfolio investors turned major buyers in both primary and secondary markets in May, pumping in ₹43,838 crore last month. India has attracted the largest investment among emerging markets with FPIs turning net sellers in China last month. The bullishness of FPIs in Indian equities was buttressed by the better-than-expected GDP number of 6.1 […]

[ad_1] In a bid to increase the liquidity on Request for Quote (RFQ) platform of stock exchanges and to enhance the transparency and disclosure pertaining to trading in secondary market in corporate bonds, SEBI has asked stock brokers (SBs) to undertake at least 10 per cent of their total secondary market trades by value through RFQ […]

[ad_1] Paddy, pulses and oilseeds sowing trailed as planting activities of kharif crops gather pace, while the area under sugarcane, cotton and coarse cereals was higher as of Friday, data from the Agriculture Ministry showed. Kharif sowing activities this year have been aided by higher rainfall in May. According to the India Meteorological Department (IMD), […]

[ad_1] The Rupee appreciated sharply against the Dollar, recording its biggest single day gain in two months, on strong capital inflows even as the sentiment in the forex market was boosted by better-than-expected GDP growth data for FY23 and the likelihood of the US Fed eschewing a rate hike at its next meeting. The Indian […]