Reel, Baby, Reel: Grizzlies descend on Dalal Street
The Nifty tanked 1.4%, or 320.10 points, to close at 23,024.65. The Sensex plunged 1.6%, or 1,235.08 points, to close at 75,838.36. Both indices fell over 0.5% each in the last week. The selloff eroded India’s market cap by around ₹7.52 lakh crore.
Reliance Capital applies for delisting shares
Mauritius-based IndusInd International Holdings (IIHL) emerged as the successful suitor with a bid of ₹9,650 crore for the resolution of RCap. IIHL later paid ₹200 crore to bolster RCap’s solvency, which was over and above the bid amount.
ET In The Classroom: Multicap Funds
Lay investors often do not know when or how much to invest in large, mid-, or small-cap funds. If they invest only in large-cap schemes and small and mid-cap stocks rally, as often happens in the market, they will miss out on the gains.
India rating, ease of investing key to G-Sec entry into large indices
Government bonds will be included in the Bloomberg Emerging Market (EM) Local Currency Government Index on January 31, which Nick Gendron, global head of fixed income index at Bloomberg Index Services described “as a great first step”.
Sebi plans pre-listing trade to trip grey market moves
Sebi’s responsibility is to ensure that all critical disclosures and information are made available to investors, enabling them to make informed decisions, Buch said.
Rupee gives up gains to close at 86.57
The local currency peaked to 86.282/$1 during the day after US president Donald Trump refrained from imposing tariffs on his first day in office. The rupee, however, gave up its gains after Trump said he was thinking about imposing tariffs on Canada and Mexico.