Markets regulator Sebi has allowed up to 100 per cent aggregate contribution by non-resident Indians, Overseas Citizens of India, Resident Indians in the corpus of FPIs that are based out of International Financial Services Centre (IFSC). The move is expected to enhance investment by Foreign Portfolio Investors (FPIs) in India. In a circular issued on Thursday, Sebi said it has amended FPI rules to "provide flexibility of having up to 100 per cent aggregate contribution by non-resident Indians (NRIs), Overseas Citizens of India (OCIs) and Resident Indians (RI) Individuals in the corpus of FPIs based in IFSCs in India and regulated by International Financial Services Centres Authority (IFSCA)". Over the years, there has been a consistent demand to channel more NRI and OCI investments into the Indian securities markets by enabling greater participation of NRIs and OCIs in FPI corpuses. In the July 2019 budget speech, Finance Minister Nirmala Sitharaman had also recognized that despit
Pre-market update for Friday: Shares of telecom companies are likely to be in focus following the up to 25 per cent tariff hike by Reliance Jio;.
All you need to know before the market opens on Thursday, June 27: The Nifty is likely to swing to F&O expiry cues. FIIs net index long-short ratio crosses 2-mark; retail investors up short positions.
Given the market buoyancy a total of 34 out of the 50 Nifty components have clocked fresh highs in 2024
Stock Market Highlights on Tuesday, June 25, 2024: The m-cap of all the companies listed on the BSE stood at Rs 436 trillion at the end of the session
All you need to know before the market opens on Tuesday, June 25, 2024: Gift Nifty quotes around 23,430 levels; Kospi, Taiwan deep in red in Asian trades; Allied Blenders IPO to open today.
All you need to know before the market opens on Monday, June 24, 2024: Gift Nifty quotes around 23,430 levels; Kospi, Taiwan deep in red in Asian trades; GP Eco Solutions to debut today.
All you need to know before the stock market opens on Wednesday, June 19: FIIs up index long futures; Nifty up over 1,000 points so far in June; Voda Idea, Indus Towers stocks in focus today.
On the previous day, US markets settled higher, with Nasdaq and S&P 500 reaching record highs
All you need to know before the stock market opens on Tuesday, June 18: Gift Nifty quoted near about 23,600 levels, indicating a likely 100-point gap-up on the Nifty 50.
Stock Market Highlights on June 14: The BSE Sensex gained 182 points, or 0.24 per cent, to end at 76,993 levels, while the Nifty50 shut shop 67 points, or 0.29 per cent, higher at 23,466
All you need to know before the stock market opens on Friday: Technical analysts expect Nifty to make a decisive directional move soon. These are the key levels to watch out for on the NSE benchmark.
Stock Market Highlights on June 13: The BSE Sensex ended 204 points higher (at 76,811), while the Nifty closed 76 points up (near 23,400)
All you need to know before the market opens: Fed keeps rates unchanged, hints at 1 cut in 2024. Financial shares to be in focus on Irdai's mandate to insurers and Moody's concern on credit growth.
All you need to know before the market opens on Wednesday, June 12: Gift Nifty hinted at tepid start to the trading action; The US Fed meet and inflation data to be in focus in the week ahead.
Stock Market highlights on Tuesday, June 11, 2024: The BSE Sensex ended 33 points lower at 76,457, while the Nifty was up six points at close; Broader indices, however, settled with decent gains.
Stock market guide for June 11, Tuesday: Global shares exhibit mixed trend a day ahead of the US Fed meet; Gift Nifty hints at a subdued start to the trading action on the Nifty 50 index.
Stock Market Highlights on June 10: The broader markets, however, stayed afloat with the BSE MidCap, and SmallCap indices adding up to 1 per cent
All you need to know before the market opens on Monday, June 10: Gift Nifty hinted at tepid start to the trading action; The US Fed meet and inflation data to be in focus in the week ahead.
Stock Market highlights on Friday, June 7, 2024: The BSE Sensex hit a fresh all-time high of 76,795 on the BSE, surging 1,714 points intraday. On the NSE, the Nifty50 surpassed the 23,300