In 2024, FIIs sold equity heavily for Rs 121,210 crore but they...
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Axis Max Life Insurance unveils sustainable wealth 50 Index Fund
Axis Max Life Insurance Ltd. formerly known as Max Life Insurance...
Year ender: Mutual fund industry’s AUM surges over 500 pc in a decade
Rural and semi-urban areas now account for 50 per cent of the total...
Sensex surges 850 points ahead of Union Budget 2022-23
This is the second consecutive day of the rally in the Indian stock markets ahead of the presentation of the budget. The Sensex had rallied 813.94 points or 1.42 per cent on Monday. The broader Nifty 50 of the National Stock Exchange was trading 242.15 points or 1.4...
Investors’ wealth jumps over Rs 3.33 lakh cr as markets rally
Vinod Nair, head of research at Geojit Financial Services, said taking positive cues from global markets and favourable takeaways from the Economic Survey report, the market rallied ahead of the Budget day Mumbai: Investors' wealth on Monday gained over Rs 3.33 lakh...
Global gold demand rises 10% to 4,021 tonnes in 2021: WGC
"The demand for the yellow metal was mainly driven by Central bank buying during the fourth quarter of 2021, recovery in jewellery consumption, mainly in India and China," WGC Regional CEO, India, Somasundaram PR told PTI Mumbai: Global gold demand rose 10 per cent to...
FPIs pull out a whopping Rs 28,243 crore from Indian equities in Jan
With the latest pull out of funds from Indian markets, FPIs have become net sellers for fourth consecutive month ''With US Fed signalling that it will start hiking interest rates soon and shrink its bond holdings, FPIs went on a selling spree in the Indian equity...
Sensex succumbs to late sell-off, ends 77 pts lower
Vinod Nair, Head of Research at Geojit Financial Services, said, ''After the decent opening post yesterday's weak closing, domestic bourses again staged a quick sell-off, tracking weak European trend. Policy tightening by the US Fed and rising geopolitical tensions in...
India’s gold demand skyrockets to 797.3 tons in 2021: WGC
Going forward, WGC Regional CEO, India, Somasundaram PR said, this year COVID-19 and its future variants will remain a factor to watch as will price movements in gold, given global concerns on inflation, interest rate and geo-political developments New Delhi: India's...
India seeks regulatory fast track for LIC as it gears up for the country’s largest IPO
The Securities and Exchange Board of India (SEBI) has been urged to complete its vetting process in less than three weeks instead of the 75 days it usually requires,sources said NEW DELHI: The Indian government has asked regulators for a swift review of Life Insurance...
Nearly 30,000 Bitcoin millionaires wiped in last 3 months
"A combination of factors such as regulatory scrutiny, turbulent markets, geopolitical unrest, and Covid combined with having an adverse effect on the asset's performance. However, despite the volatile start to the year, a number of analysts continue to laud the asset...
Govt eyes LIC listing on stock exchanges by March end: DIPAM Secy
"LIC disinvestment amount will be included in this year's (Budget) because we aim to list it before March 31," Department of Investment and Public Asset Management (DIPAM) Secretary Tuhin Kanta Pandey told PTI New Delhi: The government will list the country's largest...
Equity indices open in red, Sensex down by 1020 points
Indian shares slid about 1.5% on Thursday, in line with weakness in broader Asia, as the U.S. Federal Reserve's signal to steadily tighten policy soured global investor sentiment The fall in Dalal Street wiped off nearly Rs 4 trillion worth of investor wealth in early...