Market Updates - Angel One

Indian stock markets will be open for a special trading session on Saturday, May 18, 2024. This session, conducted by both the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), aims to evaluate disaster preparedness by switching operations from their primary site to the disaster recovery (DR) site.  Here are the top 5 things …

The streets are anticipating that Trent Ltd. and Bharat Electronics Ltd. can join the NIFTY 50 index, in the upcoming September reshuffling of the Indian benchmark index NIFTY 50,  These additions are set to replace Divi’s Laboratories Ltd. and LTIMindtree Ltd. What is the Nifty 50 rejig? The Nifty 50 is a stock market index …

The RBI managed to repurchase only Rs.2,069 crore worth of government bonds out of the notified amount of Rs 60,000 crore due to the reluctance of the banks to sell the securities at a loss. Therefore, The central bank’s second attempt to infuse liquidity saw limited success, with banks purchasing the offered securities at higher …

The Reserve Bank of India has issued a warning to non-bank finance companies, advising them against over-reliance on algorithm-based credit models. The regulator has emphasized the importance of maintaining balanced risk management practices and not depending much on automated systems for credit decisions, thereby ensuring financial stability and protecting against potential systemic risks associated with …

The Securities and Exchange Board of India (SEBI) has responded to consumer feedback by easing the Know Your Customer (KYC) requirements for mutual fund (MF) investors, both residents and non-resident Indians (NRIs). This, revealed in a communication from SEBI to industry participants, aims to address various challenges faced by investors in complying with KYC norms. …

The Government has slashed the Windfall Tax on petroleum crude to Rs.5,700 per metric tonne from Rs.8,400 per metric tonne, Earlier on May 1 from Rs.9,600 per metric tonne to Rs.8,400 per metric tonne. What is Windfall Tax A windfall tax is a tax levied by governments against certain industries when economic conditions allow those …

From Black Monday to Silver Lining: Indian Market Resilience In what seemed like a harrowing start to the week for Indian markets, Monday loomed ominously with the specter of a “Black Monday” scenario. The NSE Nifty 50 index opened at a disconcerting 22,207.95, only to nosedive to a bleak low of 21,821.05 – a nadir …

Foreign Portfolio Investors (FPIs) have been actively selling Indian equities in May, with over Rs.17,000 crore worth of shares offloaded. Substantial selling by FPIs has also played a role in the decline of the benchmark stock market indices, Sensex and the Nifty 50, both of which dropped by 2.6% each this month. Election Uncertainty’s Influence …

In a significant step to enhance the ease of doing business, SEBI is planning to introduce measures to simplify disclosure requirements for Non-Convertible Securities(NCS) issuance. These measures, announced yesterday, will eliminate the need to disclose the PAN and personal addresses of issuers’ promoters in the offer document. This initiative is part of SEBI’s broader effort …

The Reserve Bank of India has mandated Non-Bank Finance Companies (NBFCs) to strictly adhere to a Rs. 20,000 limit in cash loans. This directive aims to deter cash transactions, supporting the rise of the digital economy and mitigating the spread of black money within the financial system. Regulatory Action Against IIFL Finance The instructions from …