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India's largest private lender HDFC Bank has submitted the names of two candidates to the Reserve Bank of India for the position of managing director and chief executive officer, Bloomberg News reported on Saturday, citing an exchange filing.
Read MoreThe technical structure has deteriorated following the violation of the important 23,900–24,000 support zone. This area had provided support during the recent consolidation but will now be expected to act as resistance on any pullback. More importantly, Nifty has slipped below its 100-week moving average, currently placed at 24,401, and remains below the 50-week MA at 24,673.
Read MoreThe regulator has proposed two options for determining expiry-day settlement prices for index and stock derivatives, changes to the timing of the continuous trading session (CTS), CAS and derivatives trading, and additional measures aimed at improving the functioning of the auction.
Read MoreAfter a turbulent trading day, Indian stock indices bounced back significantly as oil prices and bond yields eased. The Sensex and Nifty ended with modest declines, having experienced deeper dips earlier. Previous climbs in crude oil prices and geopolitical issues had weighed down on investor confidence. Analysts suggest maintaining caution and closely watching Nifty’s support and resistance levels, highlighting particular metal stocks and equities to watch for the week ahead.
Read MoreBitcoin is currently hovering around $77,000 after a slight retreat from $78,000, influenced by profit-taking and market dynamics. The performance of major altcoins varied significantly, with some posting gains while others experienced declines. Meanwhile, global crypto market capitalization has seen a marginal rise to $2.73 trillion. Investors are keeping a close watch on the upcoming FOMC meeting, which is poised to trigger substantial market movements.
Read MoreIn an innovative move, Sebi has rolled out Demat 2.0, a pilot scheme aimed at tokenising corporate bonds. This initiative facilitates rapid settlement and instant fund retrieval for investors. It automates interest and redemption payments through smart contracts, while atomic settlement mitigates risks by coordinating the release of bonds and payments seamlessly. Future developments will broaden this system's reach to secondary markets and individual investors.
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