Friday, November 29
Shares of smallcap multibagger companies Premier Polyfilm and Systematix Corporate Services are likely to remain in focus today as they had announced their 1:5 and 1:10 stock split respectively, fixing November 5 as the record date for the purpose.This means today is the last day to buy the shares of these companies in order to qualify for the benefit of the stock split.Premier Polyfilm Premier Polyfilm had announced the record date for their stock split earlier in the month of October, wherein the stock will be split from a face value of Rs 5 per share to Re 1 per share.“We would like to inform you that the Company has fixed Tuesday, 05th November, 2024 as the Record Date, for the purpose of ascertaining the eligibility of the shareholders entitled for the following matter,” said the
The Reserve Bank of India (RBI) on Monday said 98.04 per cent of the Rs 2000 banknotes have been returned to the banking system, and only Rs 6,970 crore worth such notes are still with the public. On May 19, 2023, the RBI announced the withdrawal of Rs 2000 denomination banknotes from circulation. The total value of Rs 2000 banknotes in circulation was Rs 3.56 lakh crore at the close of business on May 19, 2023. It has declined to Rs 6,970 crore at the close of business on October 31, 2024, the RBI said. "Thus, 98.04 per cent of the Rs 2000 banknotes in circulation as on May 19, 2023, has since been returned," it said in a statement. The facility for deposit and/or exchange of the Rs 2000 banknotes was available at all bank branches till October 7, 2023. However, this facility is still
The Election Commission on Monday announced the rescheduling of by-polls in key Assembly Constituencies across Kerala, Punjab, and Uttar Pradesh, amid the heavy festive season in India. Originally set for November 13, the elections have been moved to November 20. This change comes following appeals from major political parties, including Congress, BJP, BSP, and RLD, aimed at avoiding potential low voter turnout due to various regional festivals.Earlier in October, the Election Commission of India (ECI) had announced the schedule for bye elections for 48 assembly seats and 2 Lok Sabha seats across 15 states. Notably, by-election in Wayanad will be held on the original date on November 13.Bypolls are being conducted in four Punjab assembly constituencies: Dera Baba Nanak, Chabbewal, Gidderba
ET Intelligence Group: The Indian primary equity market continued to attract funds from foreign portfolio investors (FPIs) in October, notwithstanding their exodus from the secondary market, according to the data from NSDL.FPIs parked net $2.36 billion (₹19,841.9 crore) in the primary market, the highest monthly investment since November 2021 when they had invested $3.74 billion through this route, which consists of participation in initial public offerings (IPOs) and qualified institutional placements (QIP). FPIs invested a net $10.27 billion in the first 10 months of 2024 in the primary market.In the secondary market, they sold equities worth $13.56 billion (₹1.1 lakh crore) in October, the highest-ever monthly outflow, surpassing the $8.12 billion worth of selling in March 2020. The
One trading session left. That's all Wall Street has before Tuesday, when US voters begin the process of picking their next president and potentially determining the direction of the economy for the next four years.Traders are buzzing about the possibilities, constantly checking the latest polls and moves in election betting markets to divine who's ahead, Republican Donald Trump or Democrat Kamala Harris, and what that means for their positions. In some corners, speculation is that Wall Street is betting on Trump. But when it comes to actually putting down money in the stock market based on that, things are quiet.Investing pros know there's a windfall to be made in calling the winner before it happens. Trouble is, this election is far too close for that, making the risk of a miss too high
The Indian rupee closed at a record low of 84.11 per US dollar on Monday as foreign investors sold local financial assets, and as traders turned risk averse ahead of presidential elections in the US. The local currency also made an intraday record low of 84.12/$1.The rupee depreciated 4 paisa, to close at 84.11/$1, versus its previous close of 84.07 per dollar, LSEG data showed. Likely interventions by the Reserve Bank of India (RBI) helped prevent a sharper decline. However, the RBI was not very aggressive in its dollar sales on Monday, traders said.Foreign investors provisionally sold Rs. 4,329 crore of financial assets on Monday, BSE data showed.“After the previous record low closing of 84.08/$1, the RBI has let the rupee depreciate further to 84.11/$1. The RBI was also not very aggre
