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The SGX Nifty had long been a key indicator for India's domestic stock market indices. [5] The transition to GIFT Nifty was part of a broader strategy to centralize international financial services in GIFT City, a hub for India's financial sector and a key initiative under the Smart Cities Mission started by Prime Minister Narendra Modi.
The establishment of a formal stock exchange took place in 1985 with the incorporation of the Colombo Stock Exchange (CSE), which took over the Stock Market from the Colombo Share Brokers Association. It currently has a membership of 15 institutions, all of which are licensed to operate as stockbrokers. [3] [full citation needed]
The stock was down -8.49% to trade at $857.81 per share in the afternoon session as of 1:16 p.m. ET. 12:54 p.m. ET: Stocks lose steam after strong morning gains Here were the main moves in markets ...
Here are some of the biggest stories in the market today. Broadcom Keeps Soaring. Among large companies, the top performer today is Broadcom (Nasdaq: AVGO), which is up 1.7%. While Broadcom is up ...
Uber's stock climbed 5.5% after earnings for the last three months of 2022 beat expectations and CEO Dara Khosrowshahi said the company was focused on achieving profitability in 2023 as post ...
Soon, Valliyappan became a name to reckon with in the Tamil publishing world. He gained the reputation of being one of the very few Tamil authors who can authentically and competently present successful management subjects to the common man. Valliyappan can be credited with introducing many management concepts for the first time in Tamil.
Tesla stock tanked more than 11% on Tuesday. Tesla is now down 40% in the last month and 69% in 2022 so far, placing the company on pace for its worst year on record.
In identifying that the loss of confidence may be in part due to the inherent weaknesses in the Colombo Stock Exchange's indices, CSE partnered with Standard & Poor to develop S&P SL20 Index, as an equity benchmark, set according to global standards, that will help investors gauge the performance of the Sri Lankan equity market.