Page 9 - Wright Research News Today

India Business News: The rise of financial influencers - who charge as high as Rs 7.5 lakh for a post on social media - introduced a new way for people to access and inter

Factors like political stability, favourable demographics and regulatory initiatives are making India a compelling story, says Sonam Srivastava of Wright Research

Moves proposed by Sebi last month not only ensure that investors receive accurate and unbiased information but also help in preserving authenticity and reducing fraud, Anand Rathi Wealth Deputy CEO Feroz Azeez told PTI.

Under the proposal, finfluencers need to be registered with SEBI and adhere to specific guidelines. Also, it has been proposed to ban unregistered finfluencers from partnering with mutual funds and stockbrokers for promotional activities.

While many finfluencers provide valuable insights, there has been a growing concern over the potential risks associated with unregulated finfluencers who might offer biased or misleading advice. They usually work on a commission-based model.

Under the proposal, finfluencers need to be registered with Sebi and adhere to specific guidelines.

Jio: Another expectation that was not on the agenda while being expected, was the launch of 5G devices at a reasonable price.

Stocks of new-age companies have seen a mixed performance thus far in calendar year 2023 (CY23). While those of One97 Communications (parent company of Paytm), PB Fintech and Zomato have surged up to 63 per cent year-to-date (YTD), FSN e-commerce, the parent company of Nykaa, however, has dropped 14 per cent YTD. By comparison, Nifty50 and Nifty 500 indices have advanced 7 per cent and 8.7 per cent, respectively, during the period, ACE Equity data show.

Shares of Paras Defence and Space Technologies surged more than 17 per cent to Rs 841.80, hitting its new 52-week high, with a total market capitalization of more than Rs 3,100 crore.

Market watchers believe a triumphant soft landing could significantly boost investor confidence