Sebi raised the minimum amount required for a basic service demat account on Friday from Rs 2 lakh to Rs 10 lakh to encourage small investors to participate in the securities market. According to a circular from the Securities and Exchange Board of India (Sebi), the new rules will take effect on September 1. Small…
Nithin Kamath: Thanks to SEBI’s progressive legislation, US markets made news last week when they switched to the T+1 settlement cycle, matching the one that Indian bourses implemented two years earlier. This action has spurred conversations about instantaneous settlement, the next major development in the financial markets. Nithin Kamath, co-founder of Zerodha, finds the transition…
Adani Group stocks shot higher on Monday, with the majority reaching their 52-week highs. This was in response to the general upbeat mood of the Indian markets, which was heightened by exit polls that showed the government led by Prime Minister Narendra Modi winning handily with a sizable majority for the third time in a…
Maruti Suzuki India (MSI) announced a price reduction for multiple models within its Auto Gear Shift (AGS) lineup on June 1, as reported in a filing with the exchanges. The price adjustments apply to various popular models, including the Alto K10, S-Presso, Celerio, Wagon-R, Swift, Dzire, Baleno, Fronx, and Ignis. While the company confirmed the…
Global Markets: Oil traders will be actively assessing the implications of the Iranian strike on Israel over the weekend, aiming to incorporate its effects into the global market pricing. Similarly, in the metals sphere, close attention will be paid to the aftermath of the London Metal Exchange’s decision to prohibit new Russian supplies, as this…
Reliance Infra stock: On April 10, shares of Reliance Infrastructure plummeted by 20 percent, reaching a lower circuit limit at Rs 227.4. This drop came following a Supreme Court directive instructing its airport metro arm to refund arbitral award payments received from the Delhi Metro Rail Corporation (DMRC). The Supreme Court approved DMRC’s curative petition,…
Paytm shares: The stock of One97 Communication, the parent company of Paytm, experienced a 4% decline, dropping to an intra-day low of Rs 388 following the resignation of Surinder Chawla, the MD & CEO of Paytm Payments Bank. In an exchange filing, the company stated that Chawla submitted his resignation citing personal reasons and a…
IREDA stock: Shares of Indian Renewable Energy Development Agency Ltd (IREDA) have surged by 253% from their yearly low of Rs 49.99 reached on November 29 last year. The renewable energy stock concluded 11.43% higher at Rs 176.45 on Friday, following the revision of the circuit filter limit by BSE and NSE for the state-run…
Stocks to buy now: Stock market investors are occupied with identifying the value selections for their portfolio in the upcoming fiscal year, 2023–2024, following an outstanding trend reversal in the final session of the previous fiscal year. Given that the majority of Indian indexes are at all-time highs, investors are focusing on the IT sector…
IIFL Finance: The stock prices of JM Financial experienced a notable decline of approximately 4 percent, while IIFL Finance saw a more significant plunge of 5.5 percent following the Reserve Bank of India’s announcement of a special audit for these two firms. By 12:40 pm, JM Financial was trading at Rs 72 on the BSE,…
