Buying SGBs from the stock market: The government introduced Sovereign Gold Bonds (SGBs) in 2015 as a safer alternative to physically holding gold. SGBs eliminate the risks and costs associated with storing physical gold while guaranteeing investors the market value of gold at maturity and monthly interest payments. The bonds are held in the RBI’s…
Ola Electric Mobility, backed by SoftBank, witnessed a 10% increase in its shares during its trading debut on Friday. The company’s valuation reached 369.45 billion rupees ($4.40 billion), marking the first stock offering by a pure-play electric vehicle maker in India.The stock opened at 76 rupees on the National Stock Exchange, remaining flat compared to…
Stock market today: The stock market ended on a positive note on Thursday, despite mixed global cues, the BSE Sensex gained by 172.75 points, ending the day at 77,478.93, while the NSE Nifty rose up by 62.85 points to settle at 23,578.85.Hindalco, Grasim Industries, JSW Steel, Bharat Petroleum Corporation Limited (BPCL), and AdPorts were among…
