Stock Market Holiday: Are NSE, BSE open or closed today for Diwali Balipratipada?
Indian stock markets will be closed on Wednesday, October 22, for Diwali Balipratipada. This follows a symbolic Muhurat trading session that marked the start of Samvat 2082. Normal trading will resume on Thursday, October 23. Market experts anticipate a profit-led revival for equities in the new Samvat year. Corporate profit recovery is key to market […]
Gold, silver extend losses as equity rally stalls
Gold and silver prices have fallen sharply from their record highs. This profit-taking move follows rapid gains this year. Asian stocks showed mixed performance. US share futures edged lower. Treasuries advanced. Oil prices rose for a second day. Several factors contributed to the precious metals’ decline.
Will Samvat 2082 deliver stronger returns after a volatile year for equities?
Indian equities saw modest gains in Samvat 2081 after a previous year’s rally, with domestic investors supporting the market amidst foreign selling. As Samvat 2082 begins, positive sentiment is returning, driven by hopes of GST simplification and RBI liquidity. Experts anticipate better returns this year, with opportunities in banking, consumption, and domestic-focused sectors.
Sebi panel mulls higher fees for clearing corporations, impacting NSE earnings
A Sebi-constituted working group is proposing to increase transaction charges for clearing corporations like NSE Clearing. This move aims to bolster their financial independence and strengthen their balance sheets, potentially impacting NSE’s standalone earnings ahead of its IPO. Clearing members may also contribute to the settlement guarantee fund.
DBS’ goal is to be a universal bank with SME & retail focus: CEO Rajat Verma
DBS Bank India CEO Rajat Verma outlines plans to significantly boost retail and SME banking, aiming for these segments to eventually comprise over 50% of its loan book. The bank is focusing on growth in gold loans and mortgages, alongside expanding its corporate and wealth management offerings, leveraging its global expertise.