DIIs invested $ 20.2 bn in 2023
New Delhi, Dec 23 (SocialNews.XYZ) While DII flows have been robust for the past few years, rising global interest rates have kept FPI flows under check, as per Quantum Mutual Fund. DIIs have invested $…
Market
Nifty ends lower after seven-week rally
New Delhi, Dec 22 (SocialNews.XYZ) Despite ending higher on the second consecutive day on Friday, Nifty ended this week lower after a seven-week rally Deepak Jasani, Head Retail Research, HDFC Securities. On a weekly basis,…
PSU Bank index lost the most by shedding over 3% this week
Mumbai, Dec 22 (SocialNews.XYZ) In the last week, the benchmark indices witnessed volatile activity, and after a roller-coaster moment the Nifty ended 0.55 per cent lower while the Sensex shed over 375 points, Amol Athawale,…
Nifty Pharma index at 52-week high
Mumbai, Dec 22 (SocialNews.XYZ) Nifty closed on a positive note on Friday, while most of the sectors closed in the green. At close on Friday, Nifty was up 94.40 points or 0.44 per cent at…
Cut in customs duty on edible oil imports extended by a year
New Delhi, Dec 22 (SocialNews.XYZ) The Central government has extended the reduced customs duty applicable to edible oil imports by a year in order to keep prices in check. The government had initially in June…
Polycab India shares plunge as taxmen raid company
Mumbai, Dec 22 (SocialNews.XYZ) Polycab India shares plunged by close to 5 per cent on Friday amid reports of the Income Tax Department carrying out raids at 50 premises of the company nationwide. The residences…
Centre releases additional Rs 72,961 crore from tax kitty to states
New Delhi, Dec 22 (SocialNews.XYZ) The Central government has authorised the release of an additional installment of tax devolution amounting to Rs 72,961.21 crore to strengthen the hands of state governments for financing various social…
‘Allowing LIC time period of 10 years is a welcome step’
New Delhi, Dec 22 (SocialNews.XYZ) Founder MMJC & Associates Makarand M Joshi on Friday said that the decision of allowing LIC time period of 10 years to achieve minimum public shareholding is a welcome step…
Global credit rating agencies must be transparent, fair to developing nations: CEA
New Delhi, Dec 22 (SocialNews.XYZ) Credit rating agencies such as Fitch, Moody’s and S&P, need to reform their sovereign rating process which is heavily loaded against developing countries like India resulting in additional funding costs…
Nifty midcap100 up 44% while Nifty smallcap100 surges 54%
New Delhi, Dec 22 (SocialNews.XYZ) Domestic markets are ending the year 2023 on a buoyant note as Nifty scales above 21,500 mark while Sensex crosses 71,000. Investor’s sentiments got a big boost in November and…
Broader market rally cannot continue for long, warn analysts
New Delhi, Dec 22 (SocialNews.XYZ) The concern in the market now is the excessive valuations in the mid and small-cap segments, says V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services. Retail exuberance and sustained…
Markets likely to move in a range
Mumbai, Dec 21 (SocialNews.XYZ) Markets are likely to move in a range as investor participation is expected to gradually decline globally ahead of Christmas and New Year holiday, Siddhartha Khemka, Head of Retail Research at…
Rise in oil prices can hinder market rally of last 2 months
Mumbai, Dec 21 (SocialNews.XYZ) A gradual rise in oil prices along with concern over high domestic food inflation may pose a hindrance to the stretched rally of the last two months, Vinod Nair, Head of…
Escalation of global debt post COVID a major concern, says report
New Delhi, Dec 21 (SocialNews.XYZ) Surge in global debt following COVID-19 is a major concern as it has reached USD 92 trillion, accounting for about 92 per cent of global GDP in 2022, according to…
Warner Bros. Discovery in talks to merge with Paramount Global
New York, Dec 21 (SocialNews.XYZ) Warner Bros. Discovery CEO David Zaslav met with Paramount Global CEO Bob Bakish in New York City to discuss a possible merger, the media reported. The combination would create a…
Rolls-Royce starts new set of ground-breaking hydrogen research tests
New Delhi, Dec 21 (SocialNews.XYZ) British engine maker Rolls-Royce announced it has started a new set of ground-breaking hydrogen research tests. Both Rolls-Royce and its partner easyJet are committed to being at the forefront of…
realme C67 5G sets new benchmark with highest offline sales in C Series
New Delhi, Dec 21 (SocialNews.XYZ) realme’s unwavering commitment to making 5G technology accessible to all, particularly the tech-enthusiast younger generation, has propelled the consistent growth of its 5G product range. As a frontrunner in popularising…
Mid & small-caps remain vulnerable to correction since valuations are excessive
New Delhi, Dec 21 (SocialNews.XYZ) “At high valuations the market is vulnerable to sharp corrections and this happened yesterday”, says V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services. Two trends are important: one, the…
Zee, Sony to discuss extension of merger deadline
New Delhi, Dec 20 (SocialNews.XYZ) Zee Entertainment Enterprises said on Wednesday that Sony Pictures Networks India has agreed to discuss the extension of the merger deadline. “The company is now in receipt of a communication…
AI companies raise nearly $50 bn this year to date: Report
New Delhi, Dec 20 (SocialNews.XYZ) While other markets saw a significant downturn in fundraising, AI companies have raised nearly $50 billion this year to date, the second highest figure in the market’s history, a new…