Market News
Stay updated with the latest market trends, earnings, and economic indicators.
Kotak AMC, executives seek settlement in Essel Group debt dispute
The case dates back to the 2019 Essel liquidity crisis, when a sharp fall in Zee Entertainment's share price triggered margin calls on pledged shares securing debt held by six Kotak fixed maturity plans (FMPs). The case relates to Kotak Mutual Fund's six close-ended debt schemes (FMPs), which had invested in zero coupon non-convertible debentures (NCDs) issued by Konti Infrapower & Multiventures and Edison Utility Works, part of the Essel Group, the promoter group of Zee Entertainment Enterprises.
Kotak AMC, executives seek settlement in Essel Group debt dispute
The case dates back to the 2019 Essel liquidity crisis, when a sharp fall in Zee Entertainment's share price triggered margin calls on pledged shares securing debt held by six Kotak fixed maturity plans (FMPs). The case relates to Kotak Mutual Fund's six close-ended debt schemes (FMPs), which had invested in zero coupon non-convertible debentures (NCDs) issued by Konti Infrapower & Multiventures and Edison Utility Works, part of the Essel Group, the promoter group of Zee Entertainment Enterprises.
ICICI Prudential Mutual Fund reduces stake in Entertainment Network India Ltd by over 2% - scanx.trade
ICICI Prudential Mutual Fund reduces stake in Entertainment Network India Ltd by over 2%scanx.trade
Barometers extend winning streak for 3rd session; Nifty settles above 24,250 mark
The Nifty settled above the 24,250 mark. Realty, IT and pharma shares advanced, while PSU bank, media and auto shares declined.
Stock Market Highlights, Sensex Today: Sensex Settles 261 Points Higher Amid Mixed Global Cues - NDTV
Stock Market Highlights, Sensex Today: Sensex Settles 261 Points Higher Amid Mixed Global CuesNDTVClosing Bell: Nifty above 24,250, Sensex gains 262 points led by IT, pharma, realtyMoneycontrol.comIndia shares higher at close of trade; Nifty 50 up 0.39%Investing.com IndiaNifty 50, Sensex prediction today: Check how Indian stock market is expected to trade on 3 Julylivemint.comTaking Stock: Market rally extends to third straight session; Nifty closes at 24,270, Sensex gains 262 ptsMoneycontrol.comStock Market Highlights, Jul 3: Sensex climbs 300 pts, Nifty above 24,200 as markets pare gains; IT stocks sustain rallyBusinessLineStock Market Today Highlights, July 2: Sensex settles 580 pts higher at 77,502.12; and Nifty 50 rises 0.71% to 24,175.70BusinessLineSensex today | Stock Market Highlights: Stock markets bounce back after two days of decline; Sensex jumps 444 pointsBusinessLineIndia stocks higher at close of trade; Nifty 50 up 0.39%Investing.com
Nifty below 23,950; media shares drop
At 14:30 IST, the barometer index, the S&P BSE Sensex, tanked 902.72 points or 1.17% to 76,425.47. The Nifty 50 index fell 250.90 points or 1.04% to 23,925.25.
Stock markets can deliver years of zero returns, explains DSP Mutual Fund MD, CEO: Key takeaways for investors
Kalpen Parekh, MD and CEO at DSP Mutual Fund, shared an important insight in his post on social media platform X (formerly Twitter) that all markets can have long periods of zero returns.