Latest Stock Market News

However, in case of change in control resulting in consolidation or merger of schemes, the unitholders would be given the option to exit on the prevailing NAV without any exit load within a time period not less than 30 calendar days from the date of communication, Sebi said in a circular.

Further, applicants with investors contributing 25 per cent or more in the corpus that are mentioned in the Sanctions List by United Nations (UN) Security Council are ineligible for registration as FPIs, the regulator had said in June.

Addressing shareholders in the company’s 112th annual general meeting held virtually on Friday, Puri said the listing of ITC Hotels would take about a year plus, could be 15 months or more or less, since there are multiple steps in the regulatory process

“Non-IT, in Q4 or even Q3 last year, was doing much better and that has taken care of the slowdown in IT hiring. Non-IT hiring even in this quarter is much better than what the IT hiring has been, but not enough to offset the entire degrowth on the IT hiring side. But that also seems to be slowing down. July JobSpeak index is showing a negative trend on IT as well as on non-IT.”

The bonus shares will be paid out of the sum outstanding to the credit of the securities premium account, subject to the approval of shareholders.

"For an outside investor, Indian financials are a very good way of playing the broader Indian story if you like because banks have their fingers in pretty much every part of the economy. There will be short-term ups and downs but I think Indian financials still remain a vital sector and a good way of playing the Indian story as such."

The S&P BSE Sensex ended at 65,323, down 366 points or 0.56% while the broader Nifty50 settled at 19,428, down 114.80 points or 0.59%. The banking gauge Nifty Bank finished 342.70 points or 0.77% lower at 44,199.

This article delves into the significance of RSI in assessing stock movements, shedding light on a unique trend – stocks in the overbought zone with a bearish RSI trend. By exploring the reasons behind this phenomenon, we offer insights for potential investors to make informed decisions.

To help traders in the market understand the basics of technical analysis, ETMarkets Live Stream is organising two courses - basic and advanced levels - with Lovelesh Sharma, Co-Founder, MarketFeds Analytics.

August 10, 2023, saw a notable market development as several mid and large cap stocks surged above their 20 Simple Moving Averages (20 SMA), signaling a positive momentum shift and showcasing growth potential within this segment.