The FinTech Hub
Source: Live Mint Top News SEBI and AMFI have revised the cut-off timing for redemption of units in Overnight Mutual Fund Schemes, effective June 1, 2025. The current cut-off time of 3:00 PM for redemptions, STP, SWP, and switch-outs will be extended to 7:00 PM for same-day NAV applicability. Redemption orders received after 7:00 PM…
Source: Live Mint The Indian stock market benchmark indices, Sensex and Nifty 50, are likely to open higher on Friday amid mixed global cues. The trends on Gift Nifty also indicate a positive start for the Indian benchmark index. The Gift Nifty was trading around 25,176 level, a premium of nearly 98 points from the…
Source: Live Mint Markets remained volatile on May 14, with early gains quickly erased due to profit booking and persistent caution around geopolitical tensions. While the Nifty and Sensex ended marginally higher, sentiment was subdued as banking stocks dragged, even as IT, media, metal, and realty provided support at lower levels. The Sensex closed 182…
Source: Live Mint The Indian stock market benchmark indices, Sensex and Nifty 50, are likely to open higher on Wednesday, tracking mixed cues from global markets. The trends on Gift Nifty also indicate a positive start for the Indian benchmark index. The Gift Nifty was trading around 24,720 level, a premium of nearly 80 points…
Source: Live Mint Britannia Industries Ltd’s consolidated revenue growth of 9% year-on-year in the March quarter (Q4FY25) to ₹4,432 crore was primarily led by higher price realisation, given that volume growth was tepid at about 3%. The biscuit maker did not see any additional volume boost from the Mahakumbh mela in the quarter. It’s worth…
Source: Live Mint Over the weekend, India and Pakistan agreed to end four days of conflict, while the US and China agreed to slash tariffs for 90 days. Stocks took off in response, turning investors wealthier by ₹16 trillion, the most since 25 May, 2021. The Nifty 50 shot up 3.8% to close at 24,924.70,…
Source: Live Mint The India VIX surged highlighting increased investor anxiety and volatility. The BSE Sensex ended the day at 79,454.47, down 880.34 points or 1.10%, while the NSE Nifty 50 slipped 265.80 points or 1.10%, closing at 24,008. The Bank Nifty also declined 1.10% to end at 53,595.25. Top 3 stocks recommended by Ankush…
Source: Live Mint Indian stock market: The domestic equity market indices, Sensex and Nifty 50, are expected to open higher on Monday amid signs of de-escalation of India-Pakistan tensions after a ceasefire announcement, and optimism over the US-China trade deal. Asian markets traded higher, while the US stock futures jumped as investors await further details…
Source: Live Mint Top News India’s Goods and Services Tax (GST) collections saw a significant rise in April, reaching ₹2.37 lakh crore—a 12.6% increase compared to the same month last year. This marks a new milestone in the country’s economic recovery and reflects growing business activity across sectors. The surge in collections isn’t just a…
Source: Live Mint The set up by the end of the day indicates continuation of the downside pressure, unless tensions abate. Selling in heavyweights such as ICICI Bank, HDFC Bank and Reliance Industries dragged both Nifty and Sensex down by 1.1% each. Nifty closed down by 266 points at 24,008, slightly below its 200-day moving…
