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If banks were to mark-to-market all bond portfolios including those they have committed to hold on to till maturity, a chunk of the stellar profits they recorded last year would have been eroded.

MCX hired TCS in September 2021 to design and deploy software for securities trading and market infrastructure. The new software was to replace the existing software before the end of its contract with 63 Moons on September 2022.

These are some of the questions wealth managers are flooded with of late as investors look at ways to participate in the record-breaking up-move in the market. Investment advisors are, however, recommending caution and advising against making bulky purchases in stocks or plain vanilla equity mutual funds at this juncture because the markets at all-time highs are expensively valued.

AI is revolutionizing the capital markets, leading the second wave of innovation in finance. Before AI, traders relied on stock analysts and media coverage for investment decisions. The rise of online trading platforms democratized the sector, eliminating high brokerage fees. Now, AI-powered trading platforms use advanced algorithms to analyze and predict stock market movements, providing valuable insights for investors.

The Nifty50 Index is trading near its all-time high levels and has rallied by 11% following positive market sentiments. FPI flows into Indian equities have turned positive due to the upgrade in GDP growth forecasts and stability in the currency. Commodity prices have weakened, leading to the possibility of stable or lower inflation, which could result in a rate cut later in the year. Macroeconomic data supports continued strength in Indian equities, with surveys indicating strong activity levels and improving consumer sentiment. The index is expected to reach 21,000 based on earnings growth and improving macro conditions.

FTSE Russell is expecting HDFC Bank to replace Housing Development Finance Corporation (HDFC) in the FTSE Global Equity indices after the completion of their merger. In non-market capitalisation weighted indices, HDFC will be removed but HDFC Bank will not be added. A tentative completion date for the merger has been shared, and once it is effective, FTSE Russell will issue a notice

Institutional shareholders are increasingly voting against resolutions passed by company managements, indicating a growing trend among investors to make their voices heard. In FY23, over 20% of institutional shareholders opposed 1,833 resolutions, a 44% increase over the previous year. For Nifty50 companies, resolutions with over 20% dissenting votes increased by 35% YoY. The rise in advocacy is attributed to mandatory e-voting, stewardship codes, proxy firms, and increased institutional holding. Despite the dissent, the majority of resolutions still passed due to high promoter holding.

In Mehta’s tenure of 10 years, the company added about Rs 4.9 crore in market cap

Kolkata-based Senco Gold has announced the price range for its upcoming IPO at Rs 301-317. Investors can subscribe to at least one lot of 47 equity shares between July 4 and 6. The offer consists of fresh shares worth up to Rs 270 crore and an offer for sale (OFS) worth up to Rs 135 crore. About 50% of the offer is reserved for qualified institutional buyers, 15% for non-institutional investors, and 35% for retail investors. The proceeds will be used for working capital and general corporate purposes.

ECB President Christine Lagarde on Wednesday cemented expectations for a ninth consecutive rise in euro zone rates in July.The ECB has raised rates at each meeting over the past year, taking its deposit rate to 3.5%, and promised more tightening as it attempts to curb inflation still running at three times its 2% target