A relatively newer player in Indian brokerage space, Gurugram-based INDmoney is the 11th largest firm in the country & the fastest growing, according to NSE.
Trump's victory hit long-dated Treasuries and revived the 'Trump trade,' with yields rising on tariff hike expectations, a higher deficit, inflation, and limited Fed rate cuts.
The current market rally, which has seen Sensex more than triple since COVID crash, did see some corrections. Unlike in the previous bull run, these dips have been shallow & short-lived.
Scams are well oiled with swindlers manipulating & looting victims for months. Probe mostly hit dead end as those arrested are brokers & mule account holders, say cops.
Number of intraday traders rose 4.6 times from FY19 to FY23, the report says. Though loss-makers increased, average loss fell drastically to Rs 5,371 in FY23 from Rs 20,701 in FY19.
Economic Survey 2023-24, tabled in Parliament Monday, says derivatives investors could see greater losses during market crashes, inducing them to stay away and hurting the economy.
Adani Group stocks rose at an average of 7.8% Monday, while Sensex rose 3.4%. The group has recovered all losses in value since the Hindenburg report came out in January 2023.
ThePrint analysed data from the affidavit Shah filed with EC. Apart from the equity market, Shah and his wife also have investments in small savings schemes, gold, and mutual funds.
While Adani Transmission’s stocks were worst hit, none of the group's seven listed companies escaped impact, with their stock prices falling between 10% & 27%.
The shares fell as much as 9.4% to Rs 860 versus their IPO price of 949, before paring about half of the losses. LIC is the fourth-largest deal among global IPOs priced this year.
Perhaps newspapers could dedicate a separate column to report daily road accidents and fatalities, similar to how death tolls were reported during the COVID-19 pandemic.
With the US-India trade deal yet to get done, rupee depreciation may be helping to mitigate India’s loss of competitiveness. The other problem is extreme despondence among overseas equity investors.
Of the total package, $649 million will be utilised for additional hardware, software, and support services, and the remaining for Major Defence Equipment (MDE).
Don’t blame misfortune. This is colossal incompetence and insensitivity. So bad, heads would have rolled even in the old PSU-era Indian Airlines and Air India.
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