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Investors’ wealth surges by Rs 12.26 lakh cr in 4 days of market rally
In the past four days, the benchmark has jumped 2,162.11 points or...
Make GIFT IFSC more competitive to attract foreign investments: FM Sitharaman
Sitharaman visited IFSC at GIFT City in Gandhinagar on Thursday and...
Signs ‘crypto winter’ ending as regulatory fog begins to lift
"The regulatory environment is changing," said Matthew Dibb, chief investment officer at crypto asset manager Astronaut Capital. "And by what we have seen in the last 24 hours, it could be for the better." Cryptocurrencies were testing year highs on Friday as a run of...
Sensex closes above 66,000-mark for 1st time, Nifty settles at new record high on FII inflows
''The controlled inflation in the US has instilled optimism among investors that a 25-bps rate hike would be adequate to stabilise the US economy. This improved prospect has contributed to the strong buying of Indian IT stocks despite muted Q1 earnings. Furthermore,...
India registers remarkable reduction in poverty with 415 million people coming out of it in 15 years: UN
According to the 2023 release, 1.1 billion out of 6.1 billion people (just over 18 per cent) live in acute multidimensional poverty across 110 countries. Sub-Saharan Africa (534 million) and South Asia (389 million) are home to approximately five out of every six poor...
Inflow in equity mutual funds hit 3-month high at Rs 8,637 cr in June on NFO push
In comparison, equity mutual funds logged an inflow of Rs 3,240 crore in May and Rs 6,480 crore in April. Before that, the number was Rs 20,534 crore in March, data released by the Association of Mutual Funds in India (Amfi) showed on Monday Mumbai: Strong inflow in...
Sensex, Nifty end at new record closing highs on unabated foreign fund inflows
"Foreign investors continue to provide unwavering support to the domestic market, helping to sustain the ongoing rally despite weak global cues. Global markets are displaying a negative trend, influenced by hawkish Federal Open Market Committee (FOMC) minutes and...
Musk, Zuckerberg lead a $852 billion surge among world’s richest in first half of 2023
The gains coincided with a broad stock market rally, as investors brushed off the effects of central bank interest rate hikes, the ongoing war in Ukraine and a crisis in regional banks. The S&P 500 rose 16% and the Nasdaq 100 surged 39% for its best-ever first...
Mcap of BSE-listed firms reaches record high of Rs 297.94 lakh cr
''After key benchmark indices scaled fresh peaks last week, investors are hoping that FIIs would continue to increase exposure to Indian markets, given the strong growth trajectory. India's record GST collections for the month of June further signifies the improving...
Sebi finalising draft discussion paper over guidelines for ‘finfluencers’
''We are crystalising a discussion paper to regulate financial influencers. The paper should be ready for public comments in the next couple of months,'' said Sebi chairperson Madhabi Puri Buch With the number of such people thriving on social media platforms like...
Equity investors become richer by Rs 3.43 lakh crore in two days of market rally
Infrastructure has been improving consistently, corporate balance sheet strength has improved, and the financial system is in a robust state to fund the potential growth. Despite the recent rally, fundamentals point to the possibility of strong earnings growth in the...
FPIs continue to bet on Indian equities; infuse Rs 30,600 cr in Jun so far
This came following a nine-month high investment of Rs 43,838 crore in equities in May, Rs 11,631 crore in April and Rs 7,936 crore in March, data with the depositories showed. Before that, FPIs had pulled out over Rs 34,000 crore during January-February Going...