Sebi: Sebi OKs faster rights issues, new asset class

Sebi: Sebi OKs faster rights issues, new asset class

Mumbai: The Securities and Exchange Board of India approved several proposals, including the introduction of a new asset class, a shortened timeline for completing rights issues and an increase in the number of stocks eligible for same-day settlement, at a board meeting on Monday that stretched for seven and a half hours. This was Sebi’s … Read more

BSE arm unveils new Sensex Next 30 index, tracking performance of top 30 stocks beyond Sensex

BSE arm unveils new Sensex Next 30 index, tracking performance of top 30 stocks beyond Sensex

Asia Index, a wholly-owned subsidiary of BSE, on Tuesday launched its new real-time index — BSE Sensex Next 30. The index tracks the performance of the largest companies from the BSE 100 that are beyond the benchmark Sensex companies. The BSE Sensex Next 30 index is likely to offer a proposition for investment managers and … Read more

Vodafone Idea: NSE rejig: Vodafone Idea to exit Nifty 500, Nifty Midcap 100

Vodafone Idea: NSE rejig: Vodafone Idea to exit Nifty 500, Nifty Midcap 100

Vodafone Idea has made an exit from Nifty 500 index and Nifty Midcap 100 as part of a semi-annual rejig of NSE’s various indices. Vodafone’s current free-float market capitalisation stands at Rs 36,534 crore and the stock today ended at Rs 15.83, down by Rs 0.37 or 2.28% over the Thursday closing price. Vodafone’s exit … Read more

market capitalisation: Bourses include companies up to Rs 1,000 crore m-cap under ESM

market capitalisation: Bourses include companies up to Rs 1,000 crore m-cap under ESM

Mumbai: Stock exchanges will expand the enhanced surveillance measure (ESM) framework from August 13 to include mainboard companies with a market capitalisation of up to ‘1,000 crore. Previously, the ESM framework applied only to companies with a market capitalisation of less than ‘500 crore. To address volatility in smallcap stocks, ESM mechanism was introduced in … Read more

Amfi stock classification: BHEL, 6 more stocks to become largecaps in H2CY2024. Check m-cap cut-off

Amfi stock classification: BHEL, 6 more stocks to become largecaps in H2CY2024. Check m-cap cut-off

The average market capitalisation cut-off for a stock to make it to the largecap category in the upcoming Amfi semi-annual categorisation is expected to be Rs 84,000 crore compared to an average of Rs 67,000 crore in the six months ending December 2023, Nuvama said in a note. Meanwhile, the midcap threshold is likely to … Read more

Sebi launches Saa₹thi 2.0 mobile app on personal finance

Sebi launches Saa₹thi 2.0 mobile app on personal finance

Market regulator the Securities and Exchange Board of India (Sebi) launched ‘Saa₹thi 2.0’ mobile app in Mumbai on Monday. The updated Saa₹thi app has introduced a user-friendly interface with comprehensive tools aimed at simplifying complex financial concepts, a Sebi release said. It includes financial calculators, and has modules that introduce and explain KYC procedures, mutual … Read more

Dare to buy these 8 multibagger stocks trading above 100 PE multiples?

Dare to buy these 8 multibagger stocks trading above 100 PE multiples?

Going purely by PE multiple or price-to-earnings ratio, which tells you how many years it will take for the company’s earnings to cover its current price, Zomato is one of the most expensive stocks on Dalal Street with an astronomically high PE of 487x. The multibagger stock continues to attract buyers despite a 200%-plus rally … Read more

SIP: Record additions of new SIPs give local funds added muscle

SIP: Record additions of new SIPs give local funds added muscle

Robust flows have allowed domestic institutional investors to own 16.05% of NSE market capitalisation at the end of the March quarter, reflecting market share gains of a fifth of one percentage point. Synopsis Registration of gross SIP accounts, the preferred route for small investors to invest in equities, rose to a record of 6.36 million … Read more

NSE: NSE stock soars 25% in unlisted market post 4:1 bonus issue

NSE: NSE stock soars 25% in unlisted market post 4:1 bonus issue

Mumbai: Shares of the National Stock Exchange surged by more than 25% in the unlisted market this week following a 4:1 bonus announcement last Friday. According to brokers dealing with the unlisted shares, the stock was trading at around ₹4,300-4,400 last week and is currently trading in the ₹5,400-5,800 range. At ₹5,500, NSE is valued … Read more

PSU stocks: Government gains PSU muscle as stocks climb peaks

PSU stocks: Government gains PSU muscle as stocks climb peaks

Mumbai: State ownership in listed firms, in terms of the value of shares held, surged to a seven-year high of 10.38% of total market capitalisation as of March 31, driven by a robust rally in several public sector unit (PSU) stocks. The value had touched a high of 22% of total market capitalisation of listed … Read more