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Finance

SIP additions in October fell 17 per cent as investors turned cautious

[ad_1] The number of new systematic investment plans (SIP) opened in October fell 17 per cent to 19.73 lakh against 23.66 lakh accounts started in the previous month as investors turned cautious despite relentless equity market rally defying global and domestic economic uncertainty. In fact, new SIP accounts started in October was the lowest in …

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Rupee least misaligned in face of global spillovers: BI Guv Das

[ad_1] Reserve Bank of India (RBI) Governor Shaktikanta Das, on Wednesday, emphasised that the story of currency movements following the war in Ukraine is more about India’s resilience and stability in the face of the unrelenting strengthening of the US dollar, rather than a story of weakness. This comment comes in the backdrop of Union …

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SEBI issues norms to standardise usage of rating scales

[ad_1] SEBI has issued rules that credit rating agencies (CRAs) should follow to standardise the use of rating scales by them. CRAs analyse and rate financial instruments, mainly on the debt side, and suggest the risks involved based on the ratings they accord to the instruments. But the ratings are often filled with jargon and complicated for …

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Why FPIs are not banking on financial sector stocks

[ad_1] Despite healthy growth in earnings, credit disbursements and improvement in asset quality in the second quarter, foreign investors remain pessimistic on India’s banking and financial services sector.  Foreign portfolio investors (FPIs), who pulled out ₹4,081 crore from the sector in the first fortnight of October, have been on a selling spree in Indian equities …

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Mcap: Nine of top-10 firms add ₹90,319 crore; RIL leads pack

[ad_1] Nine of the 10 most valued domestic firms together added ₹90,318.74 crore in market valuation last week amid a positive trend in equities, with Reliance Industries emerging as the biggest winner. Last week, the 30-share BSE benchmark Sensex climbed 652.7 points or 1.10 per cent. Markets had a special one-hour Muhurat trading session on …

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FPIs selloff at slow pace; pull out ₹1,586 crore from equities in October

[ad_1] After withdrawing over ₹7,600 crore last month, foreign investors have slowed down the pace of equity selling in India in October so far, as they pulled out ₹1,586 crore from capital markets. Foreign portfolio investors (FPIs) were net buyers of ₹51,200 crore in August. “The month of November is expected to have net inflow …

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