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 Read more…
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 more…
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 Read more…
The markets struggled to find feet on the second day of the trading week as it ended with a cut. The Nifty saw itself opening on a positive note. However, the markets marked its high in the very early seconds of the trade. Immediately after that, the Nifty saw a Read more…
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 Read more…
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 Read more…
Private equity (PE) investors have resorted to open market transactions to exit their positions in publicly traded companies, riding the surge in liquidity, as the coronavirus pandemic has stymied private market deal activity. Between January and August, such open market sales added up to $1.5 billion, accounting for half of Read more…
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 Read more…
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 more…