This follows an outflow of over Rs 110 billion from the equities and more than Rs 250 billion from the debt markets last month
Global events will be crucial in deciding the trend for the equity market this week amid rising concerns of trade headwinds, say experts. Markets are currently reeling under global trade worries and domestic political concerns. «Q3 results have given some signs of improvement in corporate earnings. The long term outlook for the domestic market continues to be strong. However, rising concerns of global trade headwinds, domestic NPA issues and upcoming state elections will keep market on tenterhooks. US FED policy meet this week is the key event,» said Vinod Nair, Head of Research, Geojit Financial Services. «The FOMC meet, lined up this week, will be important to watch out from the global markets view point,» said Vikas Jain - Senior Analyst, Reliance Securities. SAMCO Securities, Founder & CEO, Jimeet Modi said, «Global headwinds are negative and will decide the direction in the short-term». Over the last week, the Sensex recorded a fall of 131.14 points, or 0.39 per cent, and ..
The combined market valuation of 6 of the top-10 most valued companies declined by over Rs 52,000 crore last week, with IT major TCS taking the steepest hit. Reliance Industries Ltd (RIL), TCS, HDFC, HUL, ONGC and SBI saw losses in their market valuation for the week ended Friday. HDFC Bank, ITC, Maruti Suzuki India and Infosys however made gains. TCS' market capitalisation (m-cap) slumped by Rs 40,008.61 crore to Rs 5,40,881.96 crore. The m-cap of RIL dropped Rs 7,316.53 crore to Rs 5,70,435.32 crore and that of Oil & Natural Gas Corporation (ONGC) plunged Rs 2,887.48 crore to Rs 2,27,661.59 crore. HDFC's valuation dipped Rs 989.2 crore to Rs 2,99,893.64 crore and that of State Bank of India (SBI) fell by Rs 474.76 crore to Rs 2,18,045.68 crore. The m-cap of Hindustan Unilever Ltd (HUL) went down by Rs 324.67 crore to Rs 2,81,190.10 crore. On the other hand, Infosys' valuation jumped Rs 1,987.55 crore to Rs 2,56,087.40 crore. ITC added Rs 1,577.79 crore to Rs 3,17,976.53 crore
Sebi said it had also issued notices to the company's erstwhile executive vice chairman K V L Narayan Rao, but proceedings against him abated due to his death late last year
The investors are holding the biggest net-short position, or bets on declining prices, in six weeks
Foreign portfolio investors own around 4.5 per cent of the total outstanding debt
In the past few years, digital penetration has fueled growth at both the levels- consumer and enterprise. Further to this digital wave of innovation, advent of crypto currency is one of the most talked about reforms. With exchanges widening their footprint in India, a new revolutionary industry has sprouted.These exchanges not only brought in a new technology but also some unique features in regard to investor's experience and product portfolio. Increasing demand highlights the growing trust and interest of investors or buyers. Some of the exchanges gaining popularity are:ZebpayLaunched in 2012, BuySellBitco.in was renamed as Zeb IT Service Pvt. Ltd. in 2014 and the company was registered in Singapore. Its app is called Zebpay. The company's headquarters are in Ahmedabad. Founded by Mahin Gupta in 2012, the company acquired two more partners - Sandeep Goenka and Saurabh Agrawal - in the 2014 rebranding, becoming a mobile bitcoin company. In 2016, Zebpay raised Series A funding of ...
Singapore based Blockchain Technology XinFin recently announced its association with KoinOK. KoinOK is proudly building the most customer-focused cryptocurrency platform in India and XinFin aims to solve a critical problem of bridging infrastructure deficit using blockchain technology. Xinfin is rated as most enterprise-friendly blockchain protocol by fortune 500 companies.As a part of this collaboration, KoinOK and XinFin are planning to airdrop over 5 million XCDE utility tokens for free as a part of their referral program with an aim to bring more Indians to participate in the blockchain revolution.KoinOK allows its users to trade and invest in many cryptocurrencies. KoinOK has created a general and flexible blockchain infrastructure which makes it quick and easy to add new cryptocurrencies. KoinOK is always looking out for innovative currencies exhibiting great potential and follow a strict process of carefully selecting the tokens to be traded on their exchange. After Ethereum, ..
As cyber threats to the industry continue to evolve in complexity and intensity, emerging technologies such as permissioned blockchains can contribute to the important goals of combating cybersecurity risks and adequately protect consumers' financial information and the integrity of the global financial system, tech giant Microsoft said on Friday.Ahead of the release of its white paper 'Advancing Blockchain Cybersecurity: Technical and Policy Considerations for the Financial Services Industry' to be published jointly with the Chamber of Digital Commerce, Microsoft claimed that the financial services industry stands to benefit tremendously from the growth of blockchain, given the technology's many financial services applications, including effecting transactions and storing data in a more secure manner.Furthermore, the firm stated that permissioned blockchains offer significant cyber-security capabilities, share some of the same cyber risks that affect other IT systems, and have unique
Kolkata-based Bandhan Bank on Wednesday raised Rs 13.42 billion from anchor investors and is looking to raise a total amount of Rs 44.73 bn from the public issue of its shares
The offer is in a price band of Rs 1,215-1,240 and will close on March 20
The strategist studied the virtual currency's 2013 tumble for clues on how it may act this time round
Tata Motors fell 3.7%, the most among Sensex components, followed by Asian Paints which fell 3.1%
Domestic gold prices hovered around Rs 30,329 per 10 grams on Friday
Housing Development Fin Corp, Standard Life seek to raise Rs 35 bn by selling about 10% in asset manager's maiden issue
Tata Motors DVR, ICRA, GE Shipping and Max Financial Services were among nine stocks from the S&P BSE 500 index hit 52-week lows.
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Cryptocurrency exchanges have recently been facing issues with their current account held with banks
Yields on the benchmark 10-year debt climbed to a two-year high of 7.82% last month