The Securities and Exchange Board of India (Sebi) has proposed a fresh regulatory framework for algorithmic trading or algo trading by retail investors. According to the consultation paper released by Sebi, the proposal is aimed at preventing market manipulations. Sebi said the objective of the consultation paper is…
India’s largest public lender, State Bank of India (SBI), has announced on social media that internet banking services will be unavailable on December 11 for five hours due to maintenance work. SBI customers will not be able to use internet banking, YONO, YONO Lite and UPI services for 300 minutes or five hours from…
Cryptocurrency prices plunged over the past 24 hours due to a jump in profit booking activity. Aggressive selling is a possibility over the next 24 hours as the overall crypto market remains volatile. Bitcoin, the world’s most popular cryptocurrency, fell below $50,000 to touch a fresh 3-day low. It was trading at…
Asharp rebound in economic activity strengthened India’s gross domestic product (GDP) growth in the second quarter of the year, but rising inflation could disrupt the recovery. Data suggests that inflation is gradually rising in the country, though it remains within the Reserve Bank of India’s (RBI) target of 2-6…
Shares of Star Health and Allied Insurance Company made a weak debut on Dalal Street on Friday, listing at a discount to the issue price on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE). The shares of the Rakesh Jhunjhunwala-backed company got listed at Rs 845 per share on the NSE at a 6 per…
The Centre has appealed to the steel manufacturers to explore the possibility of offering relief to the Micro, Small and Medium Enterprises (MSME) sector by reassessing the high prices of benchmark hot-rolled coil. On Thursday, Minister for Commerce and Industry Piyush Goyal met steel industry stakeholders and…
There has been no change in the prices of petrol and diesel across the country on Friday, December 10, 2021. The state-run oil marketing companies (OMCs) have maintained stability in domestic fuel prices as global crude oil rates continue to fall in the international market. Notably, there is a sharp decline in crude…
Indian shares slipped on Friday, dragged by banks and IT stocks, with sentiment also hit by weak global markets on renewed concerns about COVID-19. The blue-chip NSE Nifty 50 index was down 0.26% at 17,471.85 by 9:17 am, while the benchmark S&P BSE Sensex fell 0.35% to 58,605.91. The Nifty IT and bank indexes were…
On December 10, 2021, gold prices have recorded a hike, while silver is trading on the lower side of the Multi Commodity Exchange (MCX). Witnessing a hike of Rs 59 or 0.12 per cent, gold futures maturing on February 4, 2022, are retailing at Rs 47,981 per 10 grams. Meanwhile, silver futures maturing on March 4, 2022,…
The initial public offering of MapMyIndia opened for subscription on Thursday and individuals will be able to subscribe to the issue for three days till December 13. MapmyIndia, owned by CE Info Systems, is a leading provider of advanced digital maps, geospatial software and location-based IoT technologies in India.…