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Prashanthi Balamandira Trust Launches Major Initiative on Social Stock Exchange
Prashanthi Balamandira Trust has initiated India's largest project on the NSE-Social Stock Exchange (SSE) platform. The organization emphasizes its commitment to ethical reporting and transparency, assuring readers that potential conflicts of interest will not compromise the integrity of their coverage. For any website glitches, readers are encouraged to reach out for assistance.
trading slowdown leads to multi-month lows in cash and f&o turnover
The combined average daily turnover in the F&O segment across both exchanges has dropped by 16% month-on-month, reaching a seven-month low of Rs 334.69 lakh crore. This decline is particularly notable in index futures, which saw their steepest drop since July, while stock futures and options recorded their largest one-year decline, and index options experienced their sharpest fall since July.
Nifty expected to surge on BJP victory in Maharashtra elections
Nifty is expected to open with a gap up of 300-400 points on November 25, following the BJP-led NDA's strong performance in the Maharashtra elections, which is anticipated to boost market confidence and focus on infrastructure development. Experts note that this positive surprise could elicit a strong market reaction, despite recent corrections. The benchmark indices gained over 2.5 percent on Friday, although they remain marginally down for the month.
regulatory concerns rise in small and medium enterprises capital market segment
Concerns regarding corporate governance in the small-and-medium enterprises (SME) segment of the capital market have been highlighted by SEBI's Ashwani Bhatia. Speaking at the Corporate Governance Summit, he emphasized the importance of regulation amidst the segment's growth, which has seen market capitalisation reach Rs 2 lakh crore. Bhatia cautioned against prioritizing market capitalisation at the expense of ethical practices, stating, "The quest for market capitalisation should not end up as a race to the bottom."
tock exchanges closed for maharashtra elections on november 20
The NSE and BSE will be closed on November 20, 2024, due to assembly elections in Maharashtra. There will be no trading in equity, Futures & Options, and Securities Lending and Borrowing segments on this day. Votes for the 288-member state legislative assembly will be counted on November 23.
foreign funds shift focus to indian ipos amid record domestic share sales
Domestic share sales in India are witnessing unprecedented interest from global funds, with primary market purchases, including IPOs, reaching $11.5 billion this year, surpassing the previous record set in 2021. In contrast, foreign investors have withdrawn over $13 billion from the secondary market, driven by high valuations. India has emerged as a significant hub for dealmaking, raising a record $28.4 billion from IPOs and primary offerings in 2023, more than double the capital raised the previous year.
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