Governor Sanjay Malhotra observes a shift in India's financial savings from bank deposits to equities, viewing it as a positive sign of economic growth and a move towards a balanced asset mix. This trend is fueled by declining deposit rates, prompting savers to seek higher returns in the equity market. RBI's repo rate adjustments have further contributed to this shift.
National Securities Depository Ltd (NSDL) debuted strongly on the market at 880, a 10% premium over its IPO price of 800, and closed 17% higher at 936. The 4,012-crore IPO was heavily oversubscribed, reflecting strong investor demand. NSDL's market capitalization reached 18,720 crore, while its peer CDSL boasts a market value nearly double that amount.
Sebi chief Tuhin Kanta Pandey dismissed reports of curbs on weekly options expiry as speculative, emphasizing the need for structural reforms in equity derivatives. He clarified no communication occurred with the finance ministry regarding this matter. Pandey also urged portfolio managers to curb misleading performance claims to maintain industry trust and ensure clear client communication.
President Donald Trump said Wednesday that he will impose a 100% tariff on computer chips, likely raising the cost of electronics, autos, household appliances and other goods.
