India’s leading broker Zerodha said it has stopped sharing brokerage revenue for referrals following an NSE circular preventing such a move. A recent NSE circular has disallowed sharing brokerage income for referrals to prevent trade inducement. “To comply, we have stopped sharing brokerage revenue for referrals effective August 25, 2024. We will continue awarding 300 … Read more
State-owned Rail Vikas Nigam (RVNL) shares surged 10% to Rs 569.6 on Monday’s BSE trading, recovering from an 8.4% drop following its Q1 results reported last Thursday. RVNL reported its June quarter earnings on Thursday during market hours. Following the results, the stock fell 8.4% over two days. The company posted a 35% decline in … Read more
Trent and Bharat Electronics (BEL) may be included in the benchmark Nifty in the next shuffling of indices by the NSE in September, according to Nuvama Alternative & Quantitative Research. The two stocks could take the place of LTIMindtree and Divi’s Labs. Nuvama said the changes could result in $500 million inflow into Trent and … Read more
Nifty ended Monday’s session flat before failing to cross the 25,000 milestone by a whisker and form a High Wave type candle on the daily charts. The near-term uptrend status of Nifty remains intact. The market could probably show some more choppy movement or minor dip in the next 1-2 sessions before surging higher in … Read more
Nifty ended 66 points lower above the 24,400 level to form a High Wave type candle pattern with analysts saying that a sustainable move above 24,580 could only confirm a near-term bottom reversal pattern. The immediate support of 10 Day EMA has been broken on the downside and Nifty is currently placed near another support … Read more
Starting August 1, stocks such as Adani Power, Yes Bank, Suzlon, Hudco, Bharat Dynamics, Bharti Hexacom, IRB Infrastructure, NBCC, Go Digit, Tata Investment, Paytm, and Inox Wind, among 1,010 securities, will not be accepted as collateral. This change comes as the National Stock Exchange (NSE) revises the criteria for securities eligible as collateral. NSE Clearing … Read more
ET Intelligence Group: Dalal Street has now acquired a distinct desi flavour, illustrating the power – and allure – of equity for the ordinary Indian saver. It’s no wonder, therefore, the share of domestic mutual funds in the overall institutional equity assets under management (AUM) reached a record high. Data from NSDL showed Indian domestic … Read more
ET Intelligence Group: Dalal Street has now acquired a distinct desi flavour, illustrating the power – and allure – of equity for the ordinary Indian saver. It’s no wonder, therefore, the share of domestic mutual funds in the overall institutional equity assets under management (AUM) reached a record high. Data from NSDL showed Indian domestic … Read more
As SME IPOs become a more mainstream asset class for investors, regulators are looking to formalize the market through multiple checks and balances. In one such move, the leading exchange NSE capped the listing price of SME issues at 90%, regardless of the grey market trends. Nephro Care, which had a pre-listing grey market premium … Read more
GIFT Nifty, which stands as a new benchmark to the growth story of the Indian equity market, recorded its highest ever monthly turnover of 21.23 lakh contracts worth Rs 7,97,714 crore or US $95.55 billion during the month of June. This is an all-time high monthly turnover for GIFT Nifty, surpassing its previous record of … Read more
