Stock market live updates: As of 8:15 am, the SGX Nifty suggested a gap-down start at 17,455 levels, down over 150 points
Posts in category Business Standard
Stocks to Watch: Wipro, Reliance, Ajanta Pharma, Infosys, IRB Infra, REC (10-03-2023)
Stocks to Watch: RIL arm Reliance Polyester has completed acquisition of polyester business of Shubhalakshmi Polyesters & Shubhlaxmi Polytex
TMS Ep386: Crypto under PMLA, SEBI on PCVs, power stocks, sovereign default (10-03-2023)
Will the money laundering Act spell death for crypto in India? Why does India not have its own Warren Buffet? Will rising temperatures ignite power stocks? What is sovereign default? All answers here
Charts signal bearish trend for Nifty Pharma in near-term: Ravi Nathani (10-03-2023)
According to the technical analyst, traders must adopt ‘sell-on-rise’ strategy for Nifty Pharma, Nifty Energy, and Nifty Midcap 100 indices
Sensex, Nifty slip nearly 1% on renewed interest rate hike fears (09-03-2023)
In the preceding three trading sessions, the Sensex had gained 1,439 points, or 2.44 per cent, despite turbulence in global markets
India’s valuation premium to EM and world market shrinks, shows data (09-03-2023)
Gap narrows by 25% since October; better growth prospects underpin valuations
Sebi announces reward mechanism for informants providing tips on defaulters (09-03-2023)
With an aim to recover fines from elusive offenders, capital markets regulator Sebi on Thursday introduced a reward system for up to Rs 20 lakh to informants for sharing information about the assets of defaulters.
The reward may be granted in two stages — interim and final.
While the interim reward amount will not exceed two and a half per-cent of the reserve price of the asset regarding which tips was provided or Rs 5 lakh, whichever is less and the final reward amount will not exceed 10 per cent of the dues recovered or Rs 20 lakh, whichever is less.
Coming out with guidelines on grant of reward to an informant who provides credible information about the assets of the defaulter under recovery proceedings, Sebi said, “information and the identity provided by the informant or the reward paid to him shall be held in confidence.”
As per Sebi, a person will be considered to be an informant eligible for reward if he or she furnishes original information in relation to the asset of a .
Under heavy selling, Sensex snaps 3-day winning run; falls 540 points (09-03-2023)
Equity benchmark Sensex declined nearly 540 points on Thursday, pressured by heavy selling in index heavyweights Reliance Industries, Bajaj Finserv and ICICI Bank amid a sluggish trend in the global markets.
Besides, a weak rupee against major currencies overseas further weighed on sentiment, traders said.
Snapping its three-day gaining streak, the 30-share BSE Sensex opened strong but came under severe selling pressure to close 541.81 points or 0.90 per cent lower at 59,806.28.
Similarly, the broader NSE Nifty declined 164.80 points or 0.93 per cent to 17,589.60.
M&M was the top loser in the Sensex pack, skidding 3.31 per cent, followed by Reliance Industries, Bajaj Finserv, ICICI Bank, Maruti, Tata Motors and Tech Mahindra.
On the other hand, Tata Steel, L&T, Axis Bank, Bharti Airtel and HDFC Bank were among the gainers.
Sector-wise, BSE Auto and Consumer Durable witnessed intense selling during the session.
In the broader markets, the BSE midcap fell 0.55 per cent and the ..
Four Adani Group stocks hit upper circuit today: All you need to know (09-03-2023)
Adani Group stocks: Last night, it was reported that Gautam Adani and his family had prepaid all loans backed by the company shares
Crypto under PMLA: Industry gives thumbs up, expects higher investor faith (09-03-2023)
Cryptocurrency news: On Tuesday, the Centre issued a notification to bring VDAs under the ambit of anti-money laundering law in India