Equity schemes continue to witness net inflows, driven by SIPs

Markets regulator Sebi on Thursday clarified that research reports and recommendations of research analysts (RAs) are not considered advertisements unless anything contained in such reports is in the nature of promotion of products or services offered by them.
This came after the Securities and Exchange Board of India (Sebi) received certain queries concerning the applicability of provisions of advertisement code on a research report issued by an RA.
In its circular, Sebi said that the forms of communications, to which the advertisement code shall be applicable include pamphlets, circulars, brochures, notices or any other literature, document, information or material published, or designed for use in any publication or displays (such as newspaper, magazine, sign boards/hoardings at any location), in any electronic, wired or wireless communication or over any other audio-visual form of communication (such as television, tape recordings, motion pictures) or in any other manner …

Adani Total Gas rallied 7.82% to Rs 755.25 after the company’s standalone net profit increased 6.15% to Rs 178.11 crore on 11.66% jump in revenue from operations to Rs 1,315.49 crore in Q2 FY25 over Q2 FY24.

The benchmark equity indices closed slightly lower on Thursday, extending their losing streak to four sessions. Despite volatile trading due to F&O expiry, the Nifty managed to close near the 24,400 mark. Banks and pharma shares were in demand, while FMCG and realty shares tumbled. The market’s resilience was partly supported by India’s strong October PMI data, which aligned with the RBI’s growth outlook for FY25.

Held on 24 October 2024