According to Ravi Nathani, an independent technical analyst, the outlook for Nifty Metal, Energy and Pharma indices is bullish and hence recommends to buy at CMP or on dips.
Posts in category Business Standard
Sebi may bar mkt intermediaries from associating with errant finfluencers (29-06-2023)
We have no problem with someone educating investors but it should not involve inducements, says chairperson Buch
FTX starts talks to relaunch its international crypto exchange: Report (29-06-2023)
FTX has been holding talks with investors about backing a potential restart of the FTX.com exchange through structures such as a joint venture
ICICI Securities to become 100% subsidiary of ICICI Bank after delisting (29-06-2023)
As a part of the acquisition, shareholders of ICICI Securities will get 67 equity shares of ICICI Bank for every 100 shares of the company
Sebi sees no need for more time to MFs for realigning portfolios in HDFC (29-06-2023)
The market regulator Sebi does not see any need for giving more time to mutual fund houses with large holdings in the merger-bound HDFC twins, to realign their portfolios post-merger since there’s no material data and given the highly liquid nature of these stocks demanding such an extension.
In the biggest merger in the history of India Inc, HDFC in April 2022 said it would merge with its own banking subsidiary in a USD 40-billion all-stock deal — after 46 years of being a home loan financier and in between creating the country’s largest private sector bank and four other financial sector brands in the insurance, AMC and brokerage businesses.
And this Tuesday (June 27), HDFC chairman Deepak Parekh said the boards of the Corporation and HDFC Bank will meet on June 30 to finalise the last contours of the merger which is expected to be effective July 1..
He has also said that would be the last meeting of HDFC board and also his as the chairman after working in the company from day on
Sebi finalising draft discussion paper over guidelines for ‘finfluencers’ (29-06-2023)
Market watchdog Sebi will be finalising a draft discussion paper in a month or two to formulate rules and guidelines to regulate the mushrooming number of unregistered financial influencers or finfluencers who offer investment advisors to the public.
The statement from Sebi chairperson Madhabi Puri Buch comes on the heels of the income tax department reportedly sending notices to top 35 social media influencers for not paying taxes worth crores of rupees and after last week’s searches on the top 13 Youtubers in Kerala for similar offences.
“We are crystalising a discussion paper to regulate financial influencers. The paper should be ready for public comments in the next couple of months,” Buch told reporters late last night after a marathon board meeting wherein the board approved a rash of regulatory measures including halving of the share listing time to three days the present six after an IPO.
The board also decided to tighten the disclosure norms for large foreign portfolio …
Stock market holiday: NSE, BSE to remain shut today on account of Bakri Eid (29-06-2023)
Stock market holiday was changed from June 28 to June 29 after the Maharashtra government issued an order, postponing the data of the Bakri Eid holiday in the state
Gold price falls Rs 220 to Rs 58,960, silver rises Rs 400 to Rs 71,900 (29-06-2023)
The price of 22-carat gold declined Rs 300 to Rs 54,050
Sebi to revamp, strengthen investor grievance handling mechanism (28-06-2023)
Markets watchdog Sebi on Wednesday decided to revamp its complaint redressal system as part of efforts to strengthen the investor grievance handling mechanism.
At its meeting here, the Sebi board cleared various measures to boost the investor grievance handling mechanism and linking SCORES (Sebi Complaint Redress System) with the Online Dispute Resolution Mechanism.
It would also look at reducing timelines, introducing auto-routing of the complaint to concerned regulated entities, and auto-escalation of complaints in case of non-adherence to the prescribed timelines by the regulated entity.
Among others, Sebi, in a release after the board meeting, said it would also provide two levels of review. The first review would be by the designated body if the investor is dissatisfied with the resolution provided by the regulated entity concerned.
The second review would be done by Sebi if the investor is still dissatisfied after the first review.
Linking SCORES with Online Dispute Resoluti
Sebi tightens disclosure requirements for FPIs, reduces IPO timeline (28-06-2023)
The move will help free up capital early and encourage more investors to participate