Nifty Financial Services

The number of demat account openings at domestic broking firms in India has increased during FY24 due to the stock market rally, low brokerage fees, and a surge in IPOs. However, the active client base has shrunk as market participants reduce trading due to volatile swings. The total number of demat accounts as of August 31 reached 12.65 crore, a 10.7% increase from March 31. Brokers expect this growth to continue, particularly in smaller cities and towns.

LIC Housing Finance took symbolical possession of a property in Churchgate, Mumbai, for which Essel Group Chairman Subhash Chandra acted as a guarantor due to unpaid debts. In a recent newspaper advertisement, LIC Housing Finance revealed that it had sent a demand notice to the borrower, Vasant Sagar Properties, PAN India Infraprojects, along with guarantor Subhash Chandra

Discover 11 stocks teetering on the edge of overbought territory with declining RSI. ETMarkets delves into the significance of RSI in stock analysis and the potential risks these stocks may face.

Sony said that the completion of the merger with Zee was previously expected to conclude by the end of September. However, the merger has been embroiled in controversies over the past few months. Various operational and financial creditors had objected to the Zee-Sony merger scheme in the NCLT.

The correction which Nifty has seen in the last few trading sessions has been led by financials and that too a very specific part of financial sector stocks, private banks. Whether it is upward or southward movement of Nifty, it is largely led by financials. The reason, high ownership of foreign portfolio investors ( FPI ) in the majority of these stocks. The big difference this time has been the fact that while private banks are correcting, PSU banks have been able to sort of outperform and have provided a counter to bears. The big question is will this correction be over before the Q2 earnings season begins?

ET looks at some of the stock recommendations by analysts of late. These stocks are expected to return between 16% and 23% as per analysts’ price targets.

The company with 90% branch and business concentration in the southern market is setting up a dedicated team for the affordable loan segment. The official launch is planned in January, managing director Lakshminarayanan Duraiswamy told ET.

Any form of taxation, whether it's a stamp duty on real estate transactions or brokerage charges on stock trades, is usually unwelcome on part of the party paying the tax.