Category: Uncategorized

For a second year in a row, the information technology sector bore the brunt of foreign investor sell-off in Indian equities. Foreign portfolio investors (FPIs) pulled out ₹51,138 crore of net investments from the technology sector, the highest among all sectors in the previous fiscal. In FY22, the software services sector was the second biggest […]

Eight of the top 10 valued firms added ₹82,169.3 crore in market valuation last week, with HDFC twins emerging as the biggest winners amid an overall positive trend in equities. Last week, equity markets were closed on Tuesday (April 4) for ‘Mahavir Jayanti’ and on Friday (April 7) on account of ‘Good Friday’. The 30-share […]

Previously in this column, we compared time decay between the near-week and the next-week Nifty options. Time decays faster for the near-week compared to the next-week options. In contrast, next-week options have higher time value than near-week, which means more potential gains from time decay for short positions. This week, we discuss why theta is […]

The CA Institute has come out with a technical guide on disclosure and reporting of key performance indicators (KPIs) in offer documents. The technical guide has been developed by the Auditing and Assurance Standards Board (AASB) of ICAI on the request of SEBI. The guide has been developed by AASB in consultation with SEBI, sources […]

Enforcement Directorate (ED) has provisionally attached movable and immovable properties worth ₹118.27 crore belonging to Prasenjit Das, Shailesh Pandey, Tushar Patel, and their companies in the case of illegal forex trading by TP Global FX. The ED issued attachment orders Wednesday under the provisions of the Prevention of Money Laundering Act, 2002. Shares, mutual funds, […]

The Cabinet Committee on Economic Affairs (CCEA) on Thursday approved the revised domestic natural gas pricing guidelines for gas produced from nomination fields of state-run ONGC and OIL, New Exploration Licensing Policy (NELP) blocks and pre-NELP blocks, where Production Sharing Contract (PSC) provides for government’s approval of prices. “The price of such natural gas shall […]

Domestic markets are likely to open flat, on Thursday, as all eyes are on RBI monetary meeting outcome. SGX Nifty at 17,600 indicates a flat-to-negative opening as Nifty futures closed at 17,622 on Wednesday. Sharad Chandra Shukla, Director at Mehta Equities Ltd, said, “Despite efforts, inflation is still out of control. Inflation in India is […]

Target: ₹790 CMP: ₹724.60 We recently hosted Westlife’s management, represented by executive director Akshay Jatia, for a roadshow in Singapore. Akshay spearheaded the digital journey at Westlife while launching and growing the McDelivery and On-The-Go channels. He played a crucial role in accelerating EOTF format and consolidating brand extensions like McCafé and McBreakfast. Overall, we […]

The average market clearing price on the day ahead market (DAM) segment at the Indian Energy Exchange (IEX) rose 35 per cent Y-o-Y to ₹5.90 per unit (kilowatt hour) during FY23 on account of higher demand for electricity amid lower supplies. DAM, which accounts for the majority of trade on India’s largest power exchange, witnessed […]

Lithium, a key material used in the production of cathodes for electric vehicle (EV) batteries, has turned out to be one of the worst performing commodities this year with its prices crashing by over 55 per cent.  Prices of lithium carbonate, which is used in making the cathode, have dropped to 2,05,000-2,46,000 Chinese yuan ($29,673.64-$35,716.37) […]