Stocks Archives

22 Apr

Centre imposes 12% safeguard duty to shield Indian steel sector

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#12percentdutyonsteelimports Relief for domestic producers amid surge in steel imports New Delhi: The Union Minister for Steel and Heavy Industries, Shri H. D. Kumaraswamy, welcomed the decision to impose a 12 percent safeguard duty on the import of certain non-alloy and alloy steel flat products. This measure is a timely and necessary step to protect domestic steel manufacturers from the adverse impact of import surges and to ensure fair competition in the market. “This move will provide critical relief to domestic producers, especially small and medium-scale enterprises, who have faced immense pressure from rising imports. The safeguard duty will help…

15 Apr

Bank of India Reduces Home Loan Rates by 25 Basis Points for New and Existing Customers

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#BOIReducesHomeLoan25BP Chandigarh: Bank of India, one of the leading public sector banks in India, has announced a reduction of 25 basis points in its home loan interest rates, benefitting both new and existing customers. With this revision, the home loan rate stands reduced to 7.90% p.a. based on CIBIL score. This move is aimed at making home ownership more accessible and affordable, in line with the Bank’s ongoing commitment to support customers in achieving their financial goals. The revised rates come into effect from the 15th April 2025. In addition to home loans, Bank of India has also reduced interest…

15 Apr

Bulls are Back: Sensex jumped over 1,750 points and the Nifty surged past 22,300

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#BullsareBackSensex1750UP Indian investors get richer by nearly Rs 11 lakh cr, one of the sharpest single-session gains in recent months. Mumbai: Since the close of April 3, the Nifty and Sensex are higher by 0.6 percent and 0.3 percent respectively, while the overall market-cap gains since then amount to Rs 78,699.55 crore. Financials, which hold the highest weight on the indices, gained more than 2 percent. The smallcap and midcap indices also rallied 3 percent each, staging a recovery from recent underperformance. Indian equities staged a dramatic comeback on Tuesday, wiping out all the losses since the Liberation Day. The Sensex…

14 Apr

Capitalmind Financial, Jio BlackRock and Pantomath Capital Advisors to launch mutual fund business soon

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#CapitalmindFinancialMF #JioBlackRockMF #PantomathCapitalAdvisorsMF Mutual Fund Market: Three new players to launch mutual fund business will launch their MF business in the coming months Mumbai: SEBI data shows that three new players will launch their MF business in the coming months. These include Capitalmind Financial, Jio BlackRock and Pantomath Capital Advisors. All the three players have already received an in-principal approval. In fact, Capitalmind Financial has received a final approval to launch schemes while the other two await the same. While the management of Jio Blackrock could not be reached till the time of writing this article, Cafemutual talked to the…

12 Apr

Bank of India Withdraws its Special 400 Days Fixed Deposit Scheme

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#BankofIndiaWithdraws400DaysFDScheme And also reduced Interest Rates on other maturities after Repo Rate cut Chandigarh: Bank of India, one of the leading public sector banks in India, has announced to withdraw its special fixed deposit scheme for 400 days where interest rate was at maximum of 7.30%. Also, Bank has reduced Rate of Interest on its short-term & medium-term Fixed Deposits for various maturities w.e.f 15th April 2025. The bank has reduced its rate for Fixed Deposits for amount of less than Rs.3.00 Crs and is now offering 4.25% for deposits maturing between 91 days and 179 days and 5.75% for…

12 Apr

NSE crosses 22 crore (220 million) total investor accounts

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#NSE22CroreInvestorAccounts Chandigarh, April 12, 2025: The National Stock Exchange of India marked another milestone in April 2025, with the total number of investor accounts i.e., Unique Client Codes (UCCs) surpassing 22 crore (220 million), a sharp increase within just six months of crossing the 20-crore mark (200 million) in October 2024. Separately, the number of unique registered investors stands at 11.3 crore (As of March 31st, 2025), having crossed the 11 crore (110 million) mark on January 20th, 2025. An investor may maintain accounts with different brokers, resulting in multiple client codes. Maharashtra leads with the highest number of investor…

11 Apr

Good Weekend: Sensex, Nifty closed in Green, all are in gain

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Sensex was up 1,310.11 points or 1.77 percent at 75,157.26, and the Nifty was up 429.40 points or 1.92 percent at 22,828.55 #SensexNiftyinGreen Mumbai: After a week US President Donald Trump’s 90-day pause on tariffs brought cheer to Dalal Street, lifting investor sentiment and driving a rally in the benchmark indices. On April 11, both the Sensex and Nifty rose almost 2 percent, marking a strong rebound in the equity markets. The day saw widespread buying across sectors, with metal and pharma stocks leading the gains. Meanwhile, the market's fear barometer, India VIX, declined sharply by 6.21 percent, indicating easing…

09 Apr

11 new Passive Funds tracking Nifty Indices launched in Japan and Korea in FY 2024-25

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#NiftyIndicesJapanKorea Mumbai: In FY 2024-25, a total of eleven new passive funds (Exchange Traded Funds and Index Funds) tracking Nifty Indices were launched in Japan and Korea. Of these, 9 funds track the Nifty 50 Index, while one tracks the Nifty India Corporate Group Index – Tata Group 25% and another tracks the Nifty Midcap 50 Index. Sl. No. Issuer Name Country Index Name 1 Amundi Asset Management Japan Nifty 50 2 Asset Management One Japan Nifty 50 3 Asset Management One Japan Nifty Midcap 50 4 au Asset Management Corporation Japan Nifty 50 5 Daiwa Asset Management Co. Ltd.…

08 Apr

IPO: boAt files draft papers via confidential pre-filing route for Rs 2,000 Cr

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#IPOboAt2000cr Mumbai: Established in 2013 by Aman Gupta and Sameer Mehta, Imagine Marketing offers a product portfolio ranging from audio gear and smart wearables to personal grooming products and mobile accessories. Established in 2013 by Aman Gupta and Sameer Mehta, Imagine Marketing offers a product portfolio ranging from audio gear and smart wearables to personal grooming products and mobile accessories. Imagine Marketing Ltd, the parent firm of electronics and lifestyle brand boAt, on April 8 announced it has filed draft papers with the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO) via a confidential pre-filing…

08 Apr

Nifty near 22,400, Sensex jumps 750 points; all sectors in green, broader markets shine

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#NiftySensexjumps Mumbai: Indian markets opened with a sharp spurt in trade on April 8, leading Nifty 50 and Sensex to gallop over one percent as bulls took over the reins. However, during the first hour of trade, the benchmarks gave up a portion of their gains, as caution weighed. At 10:20 am, the Sensex was up 751.50 points or 1.03 percent at 73,889.52, and the Nifty was up 255.10 points or 1.15 percent at 22,416.40. About 2534 shares advanced, 560 shares declined, and 115 shares unchanged. The broader markets outperformed, with the Nifty Midcap 100 and Nifty Smallcap 100 jumping…