SVB crisis, Fed rate hike fears continue to keep markets on the edge
Posts in category Business Standard
Gold prices up Rs 395 per 10 gm amid strong global trends, silver declines (10-03-2023)
Silver, on the other hand, declined by Rs 115 to Rs 62,095 per kilogram
10,980 entities avail Sebi’s scheme to settle alleged manipulation cases (10-03-2023)
A total of 10,980 entities settled the cases pertaining to alleged manipulation of illiquid stock options at BSE with Sebi under the settlement scheme 2022, the markets regulator said on Friday.
Sebi introduced the settlement scheme 2022 to provide a one-time opportunity to the entities against whom proceedings were initiated, and appeals against the proceedings are pending before any forum or authority.
This came after the Securities Appellate Tribunal (SAT) passed an order in May 2022 on the matter of illiquid stock options.
The scheme was initially kept open for a period of three months from August 22 to November 21 and it was later extended till January 21, 2023, considering the interest of a large number of entities to avail the scheme.
“A total of 10,980 entities availed the benefit of the scheme and remitted the specified settlement amount respectively,” the Securities and Exchange Board of India (Sebi) said.
While most of the entities paid either Rs 1 lakh or Rs 2 lakh as
SVB shares halted for pending news after sinking another 69% premarket (10-03-2023)
Adding to SVB’s woes, venture capitalists including Peter Thiel’s Founders Fund urged portfolio businesses to limit their exposure to the firm
Adani group stocks gain for second week. add Rs 75,263 in market cap (10-03-2023)
This despite some group firms, including flagship Adani Enterprises, shedding some gains in past two trading sessions
Bitcoin drops below $20,000, set for worst week since FTX crash in November (10-03-2023)
The largest token fell as much 3.2% on Friday, breaking below $20,000 for the first time since January, after falling more than 8% on Thursday. Smaller coins like Ether, Solana also added to losses
Crypto meltdown: Traditional US bank Silvergate collapses as stock plunges (10-03-2023)
The fall of cryptocurrency exchange FTX and an overall meltdown in the global crypto market has claimed another victim with established US bank Silvergate Capital
Equity mutual funds inflows hit 9-month high at Rs 15,685 crore in Feb (10-03-2023)
Equity mutual funds attracted Rs 15,685 crore in February, making it the highest net infusion in nine months despite significant volatility in the stock markets.
This is higher than Rs 12,546 crore inflow seen in January and Rs 7,303 crore reported in December.
February also saw the 24th straight month of inflows into equity-oriented mutual fund schemes, data with the Association of Mutual Funds in India (Amfi) showed on Friday.
Backed by healthy inflow into equity funds, the mutual fund industry saw an inflow of Rs 9,575 crore in February.
As per the data, the total net flows in equity schemes stood at Rs 15,685 crore. This was the highest level since May 2022, when equity funds attracted Rs 18,529 crore.
Investors continue to invest in a disciplined manner, countering the volatility in stock markets arising out of Foreign Portfolio Investor (FPI) outflows, Gopal Kavalireddi, Head of Research at FYERS, said.
Moreover, contribution from SIP (Systematic Investment Plan) has been .
Expectations of US interest rate hikes dragging crude benchmark downwards (10-03-2023)
Expectations of further rate hikes in the world’s largest economy and in Europe have clouded the global growth outlook and driven both crude benchmarks down more than 5% so far this week
Stock of this shipping company has zoomed 32% in two days (10-03-2023)
Seamec has entered into a subcontract with its consortium partner in Pipeline Replacement Project (PRPVII) for subsea installation works of ONGC on unit rate basis