Paytm Money rolls out stockbroking for all, targets 10 lakh investors

Digital financial services firm Paytm Money announced Monday that it’s wholly-owned subsidiary Paytm Money has opened Stockbroking access for everyone in the country. The company aims to onboard over 10 lakh investors this fiscal with the majority of them as first-time users from small cities and towns. The company has …

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Market Movers: IPOs hog limelight, telcos bleed; 315 stocks hit lower circuit

MUMBAI: In a session that saw Nifty forming a bearish candle with a long wick, similar to the one made in the previous session, telecom companies tumbled the most on Wednesday and benchmark equity indices fell for the fifth straight day. Even as Nifty looked oversold, analysts ruled out any …

Read moreMarket Movers: IPOs hog limelight, telcos bleed; 315 stocks hit lower circuit

Rich families view markets with ‘extreme’ caution: Citigroup

The coronavirus pandemic and the response by governments and central banks have family offices and ultra-wealthy individuals around the world on the defensive, according to a survey from Citigroup Inc.’s private bank. About three-quarters of respondents described their 12-month investment sentiment as “cautious.” That increased to 84% when adding those …

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Nasdaq 100 may fall more than 20% from peak, Morgan Stanley warns

The tech-led selloff in U.S. equities is likely only halfway done, according to the Morgan Stanley strategist whose warning last month about the top-heavy market now appears prescient. Down 13% from its Sept. 2 high, the Nasdaq 100 has tumbled below its 50-day average and is underperforming the S&P 500 …

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Stock markets face a big test as covid vaccine results likely from next month

Optimism that vaccines are on the way to end the coronavirus pandemic has been a major factor in this year’s U.S. stock resurgence. That will face a critical test in coming weeks, as investors await clinical data on whether they actually work. A UBS analysis found that about 40% of …

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Markets plunge on global cues as virus stokes lockdown fears

With the reality of the floundering economy triumphing over the hope of a quick recovery to pre-crisis levels, analysts are predicting a period of high volatility in stock prices. The benchmark indexes fell more than 2%, dragged down by banking and metal stocks. The BSE Sensex fell 811.68 points, or …

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Indian markets will be biggest winner irrespective of whoever wins US elections

With less than two months left for the U.S. presidential election, Asian investors are weighing its potential impact on markets in the region. India and Japan are emerging as early focal points for analysts, given that benchmark stock gauges in both nations are still down for the year and trailing …

Read moreIndian markets will be biggest winner irrespective of whoever wins US elections