Markets

[ad_1] Reliance Power shares are in the news these days for sharp upside movement in the last fortnight of FY24. After remaining in the base building mode from January 10, 2024, to March 13, 2024, this Reliance ADAG (Anil Dhirubhai Ambani Group) company is in the news these days for debt reduction and capital infusion by Reliance Commercial Finance. This led to strong buying in Reliance Power shares. After…

[ad_1] The BSE Sensex has had the second-largest rise of 24.85% during the span of five years in FY24; the largest gain of 68.01% was recorded in FY21. The S&P BSE Sensex saw a mere 0.72% rise in FY23.  “The Sensex has been displaying an upward trend since 2016, characterised by a consistent formation of higher highs. Since the COVID-19 low, the index has experienced a remarkable increase of…

[ad_1] K2 Infragen IPO: Subscription for the initial public offering (IPO) of K2 Infragen Limited opened on the last trading session of the financial year 2023-24 i.e. on Thursday in the week gone by. Biding for the SME IPO will remain open in the next financial year till 3rd April 2024. This means the K2 Infragen IPO opened in FY24 on Thursday last week and will end in FY25…

[ad_1] Stock market holidays in April 2024: After the end of a truncated week, the Indian stock market is all set to enter the new financial year on Monday. Monday next week will be the first trade session of FY25. However, at the beginning of a new month and a fiscal, it is important to know that there will be two stock market holidays falling in April 2024. As…

[ad_1] Stocks to buy in FY25: After touching a three-month low in mid-March 2024, the small-cap and mid-cap indices witnessed strong upside in the last fortnight of FY24. This has created a buzz in these segments when the Indian stock market resumes activities in the new financial year. According to stock market experts, after months of underperformance, the small-cap and mid-cap stocks are attracting strong buying interest. However, they…

[ad_1] Stocks to buy now: After witnessing an impressive trend reversal in the last session of the financial year 2023-24, stock market investors are busy finding out the value picks for their portfolio in the new fiscal. As most of the Indian indices are at record high levels, investors are looking at the IT segment as the segment has remained under the sell-off heat for a long time. So,…

[ad_1] Stock market strategy for next week Sumeet Bagadia, Executive Director at Choice Broking believes that fresh buying was witnessed in frontline stocks of the key benchmark indices. The Choice Broking expert maintained that the Nifty 50 index has gained strength and the frontline index is looking set to climb a new peak in the near term. Bagadia said that Nifty today looks set to enter the 22,700 to…

[ad_1] According to commodity market experts, the gold price rally may continue in FY25 as the US Fed is expected to declare three interest rate cuts in 2024. So, there would be three US Fed rate cuts in the first nine months or say first three quarters of FY 2024-25. They said that geopolitical tension, ease in the US inflation, and US dollar rates are expected to fuel MCX…

[ad_1] Mumbai: With 66 companies expected to have their shareholder lock-ins worth $17.7 billion lifted between 1 April and 29 July, a wave of block deals is expected to hit the market, attracting bids from both domestic and international institutions, as well as high-net-worth individuals. “The value pertains to total lock-up opening shares, but it’s important to note that not all the shares will come up for sale, as…

[ad_1] At the beginning of the fiscal year 2023-24, Bitcoin was valued at approximately $28,500. However, by March 2024, its price had surged dramatically to an impressive $73,750. In the year starting April 1, 2023, Bitcoin has had a remarkable run. Bitcoin gained more than 50% by mid-June 2023, rallying alongside tech stocks to trade around $26,000. It remained close to $27,000 by late September, before starting a climb…

[ad_1] Gold prices in India continued to sparkle throughout the fiscal year 2023-2024, propelled by escalating geopolitical tensions globally. The yellow metal exhibited significant volatility, primarily influenced by decelerating growth in advanced economies and the monetary tightening policies pursued by global central banks in response to elevated inflation levels. During FY24, the price of MCX gold surged over 12%, climbing from approximately ₹59,400 per 10 grams at the year’s…

[ad_1] The derivative lot size for 42 stocks will be decreased, effective from April 26 for expiries in May 2024 and beyond. Key stocks impacted include Adani Ports, Bharti Airtel, BHEL, SBI, and L&T. Also read: FY24 Stock Market Recap: BSE PSU index gains 92%, 37 stocks surge over 100%; check top gainers “In pursuance of SEBI guidelines for periodic revision of lot sizes for derivatives contracts specified in…

[ad_1] This performance is particularly noteworthy given the pressure PSU stocks faced before embarking on their bullish momentum in 2020. The BSE PSU index, a barometer of public sector enterprises’ performance, zoomed from 9,497 points to 18,274 points, translating into a stellar gain of 92.4%.  The government’s accelerated capex spending, coupled with sector-specific reasons, has helped PSU stocks achieve record gains in FY24. In the recent interim budget (FY24-25),…

[ad_1] Gold prices in India maintained its shine during the financial year 2023-2024 driven by escalating geopolitical crises worldwide. Volatility in the yellow metal prices also remained high led by slowing growth in advanced economies and monetary tightening by global central banks amid high inflation. Gold has historically been viewed as a safe-haven asset as investors tend to flock to it during times of economic uncertainty or geopolitical instability.…

[ad_1] FPIs pumped ₹3.4 lakh crore into the capital market, according to data available with the depositories. File | Photo Credit: Reuters Foreign investors made a strong return by injecting more than ₹2 lakh crore into Indian equities in 2023-24, driven by optimism surrounding the country’s robust economic fundamentals amidst a challenging global environment. Looking forward to 2025, Bharat Dhawan, Managing Partner at Mazars in India, said that the…

[ad_1] This transition is part of a global trend, with renewables expected to drive over 90% of the expansion in global electricity generation by 2025. India has ambitious goals, aiming for net-zero carbon emissions by 2070 and planning to generate 50% of its electricity from renewable sources by 2030. Driven by governmental initiatives and declining costs of technology, India’s solar energy sector is on the brink of extraordinary growth,…

[ad_1] The delisting of ICICI Securities (I-Sec) has been approved by over two-thirds of its public shareholders facilitating its transition into a wholly owned subsidiary of ICICI Bank. Notably, the listing in April 2018 did not yield any material benefit to the parent bank. Thus, the move seems like a course correction. This is also likely to be taken as a cue by its peers – HDFC Bank, Axis…

[ad_1] Canara Robeco AMC IPO: Canara Bank has declared to sell out 13 percent of its shares in its subsidiary mutual fund company Canara Robeco Asset Management Company (AMC). The PSU bank informed Indian stock market exchanges about the decision and said that shares would be sold out through the Canara Robeco AMC IPO (Initial Public Offering). However, approval in this regard from the Reserve Bank of India (RBI)…