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
“We remain bullish on Indian markets and expect markets to scale new highs in 2023. We have a 12-month Nifty target of 21,035,” says Amnish Aggarwal – Head of Research, Prabhudas Lilladher Pvt Ltd. In an interview with ETMarkets, Aggarwal who has an experience of around 20 years in the financial markets, said: “We expect … Read more
India’s first and only listed depository on Thursday announced that it has crossed the milestone of having more than seven crore active demat accounts. CDSL is currently the largest depository in the country in terms of active demat accounts. “We are delighted to see that investors across various states and union territories are now contributing … Read more
(This story originally appeared in on Jun 16, 2022) Mumbai: Net foreign fund outflow from India in 2022 has crossed the Rs 2-lakh-crore mark, the biggest annual figure ever and more than double the previous high of Rs 80,917 crore recorded in 2018. Of the total, over 90%, or about Rs 1.9 lakh crore, was … Read more