India’s stocks, forex and debt markets are closed on account of a local holiday.
The S&P 500 and the Dow Jones Industrials Average rose on Wednesday, helped by upbeat housing data and a gain for bank stocks driven by rising Treasury yields, while a drop in Microsoft pressured the tech-heavy Nasdaq.
The value of digitally influenced spending in emerging markets will be around USD 4 trillion by 2022 and will amount to about half of all retail spending in Asia, Latin America and Africa, says a report.
Markets regulator Sebi Wednesday allowed credit rating agencies to undertake research activities related to their work.
Shares of asset management companies (AMCs) ended with sharp losses of up to 11.3 per cent Wednesday after markets regulator Sebi decided to slash the charges levied on investors by mutual funds.
Dinesh Engineers, a passive communication infrastructure provider firm, Wednesday said it has fixed a price band of Rs 183-185 per equity share for its initial public offering, through which it is estimated to raise Rs 185 crore.
NSE benchmark Nifty erased early gains and ended lower for the third straight session Wednesday, down by 44.55 points to 11,234.35, dragged by widespread sell-off mainly in media, realty, FMCG, finance service and banking sectors despite higher global cues and recovery in rupee.
State-run construction company Ircon International Ltd’s initial public offering (IPO) to raise 4.70 billion rupees ($64.80 million) was subscribed nearly 10 times on the final day of sale on Wednesday.
Leading stock exchanges BSE and NSE have received markets regulator Sebi's approval to launch commodity derivatives segment from October 1.