Markets

Shaktikanta Das 25th governor of the Reserve Bank of India (RBI)

RBI Increases Limits for UPI 123Pay and UPI Lite Transactions

The Reserve Bank of India (RBI) has increased the pre-transaction limits for UPI 123Pay and UPI Lite payment mechanisms. Users can now conduct low-value UPI transactions of up to Rs 1,000 without entering the PIN, up from the previous limit of Rs 500.

Oct 9, 2024

RBI retains repo rate at 6.5 pc after MPC Review; Keeps FY25 growth at 7.2%

RBI Governor Shaktikanta Das said that inflation for the third quarter (Q3) this fiscal is set to moderately increase to 4.8 per cent,

Oct 9, 2024

Cryptocurrency Market: A Deep Dive into Value and Volatility

Reports that 85% of the world's cryptocurrencies are worth less than one cent, highlighting the market's volatility. Despite most cryptocurrencies having little value, the top five make up 82% of the total market cap, led by Bitcoin and Ethereum.

Oct 8, 2024

RBI likely to maintain status quo as MPC meet begins, realty sector hopeful on repo rate

The Reserve Bank of India (RBI) is likely to maintain the status quo in its Monetary Policy Committee (MPC) meeting, said industry experts on Monday, as the much-anticipated three-day meeting began, led by Governor Shaktikanta Das, amid geo-political uncertainties.

Oct 7, 2024

IPO market buzz continues next week with 3 new public issues

Stock Markets Today: Sensex trades higher amid positive global cues

Indian equity indices opened in the green on Monday following global cues from the US and Asian markets.

Oct 7, 2024

India Inc's business sentiment soars amid policy continuity, robust domestic demand

Buoyed by policy continuity and strong domestic demand, especially in rural India, business optimism has soared among India Inc and the industry remains bullish on business sentiments in FY25, a survey showed on Sunday.

Oct 6, 2024

india, india forex reserves, rbi, foreign exchange reserves, fii, fpi, fdi, modi govt, arun jaitley, india trade

India's foreign exchange reserves this week cross $700 billion for first time

Despite geo-political uncertainties, the investors' confidence remained intact in India's growth story as the country's foreign exchange reserves surpassed $700 billion for the first time, reaching $704.89 billion in the week ending September 27, the Reserve Bank of India

Oct 4, 2024

Middle East Tensions Stir Global Markets, Investors Advised to Stay Calm

Middle East tensions have caused global market volatility, with crude oil prices rising over 5% in two days. Indian markets have seen a decline, but the Nifty Metals index has continued its upward trajectory.

Oct 4, 2024

Middle East Crisis Wipes Out Rs 14 Lakh Crore from Indian Equity Market

The Middle East conflict has led to a loss of over Rs 14 lakh crore in the Indian equity market. The Bombay Stock Exchange saw a sharp decline in market capitalization, with major companies emerging as top losers.

Oct 4, 2024

Today Stock Markets: Sensex trades lower amid weak global cues

Indian equity markets were trading in the red on Friday following weak cues from US markets.

Oct 4, 2024

Second Neuralink chip recipient progressing well: Elon Musk

Elon Musk becomes 1st person to touch 200 million followers on X

Tech billionaire Elon Musk on Thursday became the first person to reach 200 million followers on X social media platform, which he acquired in October 2022 for a whopping $44 billion.

Oct 3, 2024

Middle East Conflict Triggers Rs 10 Lakh Crore Investor Loss

The escalating conflict in the Middle East has dealt a significant financial blow to investors, with a staggering Rs 10 lakh crore loss recorded on October 3, 2024. India's equity indices, the Sensex and the Nifty, plummeted, with the former falling by 1,769 points, or 2.10 per cent, to 82,497, and the latter dropping 546 points, or 2.12 per cent, to 25,250.

Oct 3, 2024

Sensex trades lower, 589 points down amid escalating Middle East Conflict

At 9.38 a.m., Sensex was down 589 points or 0.69 per cent at 83,686 and Nifty was down 174 points or 0.68 per cent at 25,622.

Oct 3, 2024

SEBI announces new measures to curb F&O trading, strengthen equity markets

SEBI Introduces New Measures to Reinforce Equity Markets

The Securities and Exchange Board of India (SEBI) has announced a series of new measures for the futures and options (F&O) segment. This decision is a response to a concerning trend where nine out of ten participants have consistently lost money over the past three years.

Oct 2, 2024

Revised transaction fee on stock exchanges, TDS rates come into effect

Indian Stock Exchanges Revise Transaction Fees and TDS Rates [Details Here]

The Indian stock exchanges, specifically the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), have announced a significant revision in their transaction fees for cash and futures and options trading.

Oct 1, 2024