Daily trending news …
Loan against shares allows investors to borrow up to 50% of the market value of their stocks, providing quick access to funds without selling shares. However, market volatility can trigger margin calls requiring cash top-ups or forced share liquidation if the collateral value drops significantly.
SBC Export shares have increased by 6%, reaching a 52-week high due to robust second-quarter earnings and favourable conditions in the Indian stock market. The company’s net profit surged 104% year-on-year, reflecting significant operational growth.
State Bank of India greenlit divesting 6.3% (32.06M shares) in SBI Funds Management Ltd through an IPO, retaining majority control. India’s top asset manager with Rs.4,231 Cr FY25 income (0.64% of SBI Group) and Rs.5,108 Cr reserves eyes Rs.1 lakh Cr valuation in 2026 listing. Framework agreement signs November 10. SBI shares edged 0.2% higher to Rs.957.7 amid market optimism for the largest-ever