Capital Market
The capital market plays an important role in mobilising the savings and diverting them in productive investment. It is a medium of transferring the financial resources from surplus and wasteful areas to deficit and productive areas meaning transfer of money or capital from those who have surplus money to those who are in need of investment thus increasing the productivity and prosperity of the country.
It deals in long-term loans. It supplies industry with fixed and working capital and finances medium-term and long-term borrowings of the central, state and local governments. The common instruments used in capital market are shares, debentures, bonds, mutual funds, public deposits etc. The funds which flow into the capital market come from individuals who have savings to invest, the merchant banks, the commercial banks and non-bank financial intermediaries, such as insurance companies, finance houses, unit trusts, investment trusts, venture capital, leasing finance, mutual funds, building societies, etc.
The capital market functions through the stock exchange. A stock exchange is a market which facilitates buying and selling of shares, stocks, bonds, securities and debentures. It is not only a market for old securities and shares but also for new issues of shares and securities. In fact, the capital market is related to the supply and demand for new capital, and the stock exchange facilitates such transactions.
Funds flow into the capital market from individuals and financial intermediaries which are absorbed by commerce, industry and government. It thus facilitates the movement of stream of capital to be used more productively and profitability to increases the national income. It prides incentives to savers in the form of interest, dividend or bonus and transfers funds to investors, thus leading to capital formation.
The capital market encourages economic growth by leading to the development of commerce and industry through the private and public sector. In an underdeveloped country where capital is scarce, the absence of a developed capital market is a greater hindrance to capital formation and economic growth.
Indian Business News
Tuesday June 06, 2023
Five out of ten Adani group stocks ended positively on Tuesday after the conglomerate announced that it had repaid loans totalling $2.65bn as part of its deleveraging programme. Adani Power, Adani Green Energy, Adani Ports, Ambuja Cements, and ACC all rose on the BSE, while shares in Adani Total Gas, Adani Wilmar, Adani Transmission and NDTV fell. The Adani Group has been seeking to win back investor trust after US short-seller Hindenburg Research published a report alleging accounting fraud and stock price manipulation. The group has denied all allegations.
Tuesday June 06, 2023
Shares of major US banks and regional lenders rose on Tuesday, with the KBW Regional Banking index reaching its highest level since April. This comes at a challenging time for the sector, given concerns over deposit flight, growing interest rates and exposure to commercial real estate.
Tuesday June 06, 2023
India's markets appeals tribunal set aside a ruling by the markets regulator cancelling the licence of Brickwork Ratings India, according to an order published on the tribunal's website
Tuesday June 06, 2023
Indian equity indices closed flat on Tuesday, as gains in autos and real estate offset a drop in information technology stocks ahead of an anticipated pause in the US Federal Reserve's rate hike. Analysts predict that the general trend will continue to remain flat, though there is potential floor support at 18,500 and resistance at 18665 for the index.
Tuesday June 06, 2023
Tuesday June 06, 2023
The Initial Public Offer (IPO) of LED lighting solution provider IKIO Lighting received 1.55 times subscription on the first day of the share sale on Tuesday. The Rs 606.5 crore IPO received bids for 2,36,67,020 shares against 1,52,24,074 shares on offer, according to NSE data. The category for non-institutional investors was subscribed 2.97 times, the portion for Retail Individual Investors (RIIs) received 1.64 times subscription and Qualified Institutional Buyers (QIBs) 30 per cent. The IPO has a fresh issue of up to Rs 350 crore and an Offer for Sale of up to 90 lakh equity shares. The price range for the offer is Rs 270-285 a share. On Monday, IKIO Lighting Ltd said it has mobilised Rs 182 crore from anchor investors. Proceeds from the fresh issuance worth Rs 50 crore will be used for debt payment, Rs 212.31 crore in the company's wholly-owned subsidiary IKIO Solutions to set up a new facility at Noida, Uttar Pradesh, and for general corporate purposes. IKIO Lighting is a ..
Tuesday June 06, 2023
Software firm EPAM's guidance cut fresh trigger; underscores weak discretionary spending, say analysts
Tuesday June 06, 2023
Tuesday June 06, 2023
Multi-cap mutual funds invest in large-, mid-, and small-cap stocks, and mandate 65% of corpus in equity and equity-linked instruments. It offers the advantages of all three categories of stocks, offering moderate risks. Returns on five multi-cap mutual funds have beaten inflation, according to a list compiled.
Tuesday June 06, 2023
The Securities and Exchange Commission is charging Coinbase with operating its crypto asset trading platform as an unregistered national securities exchange, broker, and clearing agency. Coinbase was also charged for failing to register the offer and sale of its crypto asset staking-as-a-service program. Users of trading platforms can stake their cryptocurrency, essentially locking up some of their assets, in exchange for payment later, much like earning interest rates in a savings account. Those assets are used by platforms like Coinbase Global to guarantee other transactions taking place on the blockchain. Coinbase has been critical of regulations related to staking, calling them vague. The SEC complaint also alleges that Coinbase's holding company, Coinbase Global Inc., is a control person of Coinbase and therefore is also liable for some of Coinbase's violations. Shares of Coinbase Global tumbled nearly 17% before the market open on Tuesday. The SEC, which had warned Coinbase
Tuesday June 06, 2023
/ -- Proventus Agrocom Limited, the Mumbai-headquartered one-stop shop for healthy snacking solutions, made a stupendous debut on NSE Emerge the SME exchange platform of the National Stock Exchange. The company's shares were listed at a premium of 12% at Rs 862 a share over its issue price of Rs 771 per share. It locked at upper circuit with only buyers on exchange. The company witnessed total traded volumes of 1.67 lakh shares and clocked a turnover of approx. Rs 13.86 crore as of 11am on its debut day. The company's IPO was issued open for subscriptions from May 24 to May 26 and the issue saw an overall subscription of close to 2.75 times. On the listing ceremony, many dignitaries and industry personalities were present to grace the occasion. Durga Prasad Jhawar, Managing Director & CEO, Proventus Agrocom, said: "We aim to inspire healthier choices for nutritious living and sustained well-being by facilitating our customers with nature's most nutritious snacks. The IPO and its
Tuesday June 06, 2023
Shares of cryptocurrency and blockchain-related companies fell before the opening bell on Tuesday after the US Securities and Exchange Commission sued Coinbase and Binance, accusing them of operating illegally. The lawsuit against Coinbase alleges it has operated since 2019 as an unregistered broker, evading disclosure requirements. Shares in Coinbase fell 16%, while Bitcoin also fell. Bitfarms dropped 4.5%, and crypto miners Riot Platforms, Marathon Digital and Hut 8 Mining fell between 1.3% and 5.4%
Tuesday June 06, 2023
The S&P 500 and Nasdaq showed gains as investors awaited inflation data and the Federal Reserve's policy meet next week. Banks led a rally in economically sensitive sectors, with financials rising 1.2% to lead gains among the major S&P 500 sectors, while the KBW regional banking index jumped 6.1%.
Tuesday June 06, 2023
Five of the ten listed Adani stocks ended in the positive territory on Tuesday after the group said it has repaid loans aggregating USD 2.65 billion to complete a prepayment programme. The stock of Ambuja Cements jumped 4.54 per cent, ACC rallied 2.47 per cent, Adani Power gained 1.37 per cent, Adani Ports advanced 0.89 per cent and Adani Green Energy climbed 0.51 per cent on the BSE. However, shares of Adani Transmission fell 1.55 per cent, NDTV went lower by 0.96 per cent, Adani Wilmar dropped 0.60 per cent, Adani Total Gas declined 0.45 per cent and Adani Enterprises dipped 0.01 per cent. In the equity market, the BSE benchmark ended flat in a volatile trade, marginally up by 5.41 points or 0.01 per cent at 62,792.88. Embattled Adani Group on Monday said it has repaid loans aggregating USD 2.65 billion to complete a prepayment programme to cut overall leverage in an attempt to win back investor trust post a damning report of a US short seller. In a Credit Note released on Monda
Tuesday June 06, 2023
The SEC has charged Coinbase with operating an unregistered national securities exchange, broker, and clearing agency, as well as failing to register the offer and sale of its staking-as-a-service program. The complaint claims Coinbase has made billions unlawfully since at least 2019 by facilitating the buying and selling of crypto securities without proper registration.
Tuesday June 06, 2023
The price band for the issue has been set at Rs 169 to Rs 173 per share, and the IPO size is estimated to be about Rs 105.14 crore at the upper price band. Proceeds from the IPO will be utilised to support the company's working capital requirements, acquisitions of businesses in similar or complementary areas, general corporate purposes and meeting its issue expenses.
Tuesday June 06, 2023
Tuesday June 06, 2023
The National Stock Exchange of India has decided to shift the expiry day of Bank Nifty futures and option contracts to Friday from Thursday, following BSE's move to launch weekly futures and options on Sensex, which expire every Friday. Bank Nifty derivatives are the second most popular contracts after the benchmark Nifty, comprising almost 26% of share in total options trading volume. NSE will now have four weekly expiries – Fin Nifty on Tuesday, Midcap Nifty on Wednesday, Nifty on Thursday, and Bank Nifty on Friday.
Tuesday June 06, 2023
Nithin Kamath, co-founder and CEO of India's leading stock broker Zerodha, urges Indians to consider other investment options besides savings accounts and fixed deposits. He believes that the over Rs. 60 lakh crore held in savings bank accounts is earning sub-par returns. Even startups keep idle funds in their current bank accounts that generate no interest income instead of finding alternatives with better returns, he added. Kamath also suggests investing in T-bills, which currently generate more than bank fixed deposits and are known as the safest instrument in India.
Tuesday June 06, 2023
Tuesday June 06, 2023
Tuesday June 06, 2023
Tuesday June 06, 2023
Tuesday June 06, 2023
Tuesday June 06, 2023
Tuesday June 06, 2023
Sectorally, buying was seen in realty, auto, and healthcare stocks, while selling was visible in IT, metals, and oil & gas stocks. Stocks that were in focus included names like Sharda Cropchem, which saw a massive increase in volumes to close with gains of over 10%, Mazagon Dock Shipbuilders closed with gains of over 4% and Bharat Dynamics hit a fresh 52-week high on Tuesday.
Tuesday June 06, 2023
Tuesday June 06, 2023
Fear gauge India VIX was up by 2.15% from 11.12 to 11.38 levels. Volatility negated its lower highs formation on daily frames but overall lower levels kept the index in a smaller range. Options data suggests a broader trading range between 18300 to 18800 zones, while an immediate trading range between 18450 to 18700 zones.
Tuesday June 06, 2023
Tuesday June 06, 2023
The Indian rupee saw small gains on Tuesday for the second consecutive day, but persistent forward and cash dollar demands continued to restrict the local unit in a tight range. The rupee finished at 82.6050 against the US dollar, enrolled in the previous session. The dollar index was weaker in early India trading, rebounding by 0.1% at closing. Traders are awaiting the U.S. inflation reading and events of next week's Federal Reserve's policy review, with the US inflation considered the most critical determinant for the USD/INR rates, following which the Federal Reserve could opt to hike rates next Wednesday.
Tuesday June 06, 2023
Tuesday June 06, 2023
Tuesday June 06, 2023
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