Stocks to watch on June 2, 2023: From Adani Enterprises to NHPC, here are top stocks to watch in Friday’s trading session
Posts in category Business Standard
Trading strategies for Nifty Energy, Nifty Consumption indices (02-06-2023)
According to Ravi Nathani, an independent technical analyst, the Nifty Energy index is consolidating in the 23,460 – 24,460 range.
Oil prices rise on possible OPEC+ cuts, progress in US debt ceiling deal (02-06-2023)
Oil prices rose on Friday in early Asian trade as markets weighed the likelihood of price-supportive OPEC+ production cuts over the weekend amid positive sentiment over US monetary policy
Stock Market Live: Sensex gains 250 pts, Nifty near 18,550; Metals rally (02-06-2023)
Stock Market Live updates on June 2, 2023: At 7:15 am, the SGX Nifty quoted 18,619 levels, up 55 points
Markets extend losses for 2nd day in volatile trade; Sensex dips 193.70 pts (01-06-2023)
The NSE Nifty fell 46.65 points or 0.25 per cent to finish at 18,487.75
Mechanism to detect market abuse: Sebi revises deadline for comments (01-06-2023)
This comes in the wake of Sebi passing orders in two instances of front-running pertaining to Axis AMC and Life Insurance Corporation of India (LIC)
Sebi to auction assets of 7 business groups to recover investors’ money (01-06-2023)
Inviting bids, Sebi said auction of the properties will be conducted through online mode between 11 am and 1 pm
‘Against’ votes by institutional investors surged to 6.31% in 2022 (01-06-2023)
Others’-non-promoters and non-institutional investors– polled just 29.01 per cent of their shares, an improvement over 26.31 per cent in the previous year
NBFC-MFIs’ assets under management to see up to 30% growth in FY24: Crisil (01-06-2023)
NBFC-MFIs’ assets under management are expected to grow by up to 30 per cent in the current financial year, domestic rating agency Crisil said on Thursday.
The year will also see an improvement in asset quality and profitability for the Non-Bank Finance Companies-Microfinance Institutions (NBFC-MFI) segment, the agency said.
In a report, Crisil said the NBFC-MFI segment’s Assets Under Management (AUM) stood at Rs 1.3 lakh crore at the end of March 2023, and the segment has the highest share in the overall microlending universe which also consists of small finance banks, universal banks and other lenders.
The overall AUM is expected to have touched Rs 3.4 lakh crore for the entire microlending universe and the growth in NBFC-MFIs has outpaced the same of other lenders.
The growth in the NBFC-MFIs segment has come on the back of pent-up demand for credit and increase in ticket-size of disbursements, the agency said.
Crisil’s senior director Ajit Velonie said the market share of …
Gold prices eased by Rs 150 to Rs 60,250 per 10 grams in New Delhi (01-06-2023)
Gold prices eased Rs 150 to Rs 60,250 per 10 grams in the national capital on Thursday amid a fall in yellow metal price overseas, according to HDFC Securities.
The precious metal had ended at Rs 60,400 per 10 grams in the previous trade.
Silver, however, jumped Rs 150 to Rs 72,900 per kg.
“Spot gold prices in the Delhi markets traded at Rs 60,250/10 grams, down Rs 150 per 10 grams,” Saumil Gandhi, Senior Analyst – Commodities at HDFC Securities, said.
In the international markets, gold was quoting lower at USD 1,955 per ounce, while silver was marginally up at USD 23.27 per ounce.
Comex gold prices edged lower in Asian trading hours on Thursday as the dollar and bond yields rebounded from lows in Wednesday’s session, Sriram Iyer, Senior Research Analyst at Reliance Securities, said.