The Indian market is likely to consolidate on Thursday, tracking mixed global cues. The Nifty future closed positively with gains of 0.57% at 24,306 levels on Wednesday. India VIX rose nearly 5% to close at 15.96 in the previous session. On the options front, the maximum Call OI is placed at 24,300 and then towards … Read more
Three Sovereign Gold Bonds are due for premature redemption in April 2025, offering investors significant returns. Calculations show potential earnings, excluding interest, as high as 199% depending on the series. In April 2025, investors holding specific Sovereign Gold Bonds (SGBs) from the 2017-18 series will have the opportunity for premature redemption. The bonds affected include … Read more
The Sovereign Gold Bond (SGB) 2019-20 Series X, originally issued on 11 March 2020, is now open for premature redemption starting from 11 March 2025. Investors can redeem these bonds at a set price of Rs 8,596 per unit. This early redemption option comes after the completion of five years from the issue date, aligning … Read more
Sovereign Gold Bonds are one of the most sought-after gold investments available at present. The Sovereign Gold Bonds (SGB) are government securities denominated in grams of gold, offering an alternative mode of investment to physical gold. The government-backed gold bonds were initially issued by the Reserve Bank of India on behalf of the government. However, … Read more
Equity indices ended almost flat in highly volatile trade on Thursday. The 30-share BSE Sensex dipped 5 points to settle at 66,017, while Nifty slipped 9 points to end at 19,802. Stocks that were in focus included names like CDSL, which rose 4.71%, Cipla, which fell 7.6%, and CE Info Systems, which rose 1% on … Read more
Central Depository Services (India) Ltd on Wednesday announced the crossing of another milestone as more than 10 crore (100 million) demat accounts were registered with the platform. CDSL is India’s leading and only listed depository, with an objective of providing convenient, dependable and secure depository services at affordable cost to all market participants. The platform … Read more
The Indian market closed in the red on Monday for the fourth consecutive day. The benchmark indices fell by more than 1% each, tracking muted global cues. The S&P BSE Sensex plunged over 800 points, while the Nifty50 closed below the 19,300 mark. Indian markets were shut on Tuesday on account of a public holiday. … Read more
Sundararaman Ramamurthy, MD & CEO, BSE, says that “in the current year, BSE has picked and chosen equity derivatives first, followed by equity and then currency options. SMEs would be a great focus for us as would mutual funds because of its socio-economic impact and the financial savings being converted into capital market savings impact … Read more
India’s largest depository National Securities Depository Limited (NSDL) has filed its Draft Red Herring prospectus with the Securities and Exchange Board of India (Sebi) for an IPO. The IPO, which is an offer for sale (OFS) of 57,260,001 shares, will see IDBI Bank, NSE, SBI, HDFC Bank and Union Bank of India paring stakes. Post … Read more
Listed bourse BSE on Wednesday sold a 4.54% stake in Central Depository Services (India) (CDSL) through a block deal to meet market regulator Sebi norms. According to NSE block deal data, BSE sold 47.44 lakh shares for Rs 468 crore at Rs 985.98 apiece. BSE held 20% of the total equity shares of CDSL as … Read more