In Delhi, Kolkata, and Mumbai 1 kg of silver was trading at Rs 71,200
Posts in category Business Standard
MARKET LIVE: SGX Nifty suggests tepid start amid mixed global cues (06-02-2023)
Stock market live updates: As of 8:10 am, the SGX Nifty indicated a flat start below 17,850 levels
Traders can adopt sell-on-rise strategy on Bank Nifty, says Ravi Nathani (06-02-2023)
According to the technical analyst, the Bank Nifty is likely to exhibit a negative bias as long as it remains below 42,850.
Stocks to Watch: SBI, Vodafone Idea, Paytm, ITC, IndiGo, DCB Bank, Marico (06-02-2023)
Stocks to Watch: Paytm has narrowed its consolidated net loss to Rs 392 crore in Q3FY22. The company had posted a net loss of Rs 778.4 crore a year ago
RBI rate decision, Q3 earnings to drive market trends this week: Analysts (05-02-2023)
Equity markets’ focus will shift to the RBI interest rate decision scheduled this week, with investors also tracking the ongoing third quarter earnings, global trends and foreign fund trading activity, for further cues, analysts said.
Brent crude oil prices and rupee-dollar movement would also drive the trends in the market.
“The direction of the US market will be closely watched, but the flow of FIIs will be crucial because they have been selling heavily in the Indian market since the beginning of 2023, and it has intensified following the Adani Group crisis.
“This week will see the release of Q3 earnings from companies such as Bharti Airtel, Hero MotoCorp, Hindalco and Mahindra & Mahindra as well as macroeconomic data from the United States. RBI policy, whose outcome is scheduled for February 8, will be a critical domestic event,” said Pravesh Gour, Senior Technical Analyst, Swastika Investmart Ltd.
Adani Group stocks have taken a beating on the bourses after the US-based …
Nine of top-10 firms add Rs 1.88 trn in market-cap; ITC biggest gainer (05-02-2023)
Nine of the 10 most valued firms together added Rs 1.88 lakh crore in market valuation last week, with ITC emerging as the biggest gainer.
The 30-share BSE benchmark Sensex jumped 1,510.98 points or 2.54 per cent last week.
Barring Reliance Industries Limited, rest nine firms including Tata Consultancy Services (TCS), HDFC Bank, Infosys and ICICI Bank were the gainers from the top-10 list.
The combined market valuation gain of the nine firms was at Rs 1,88,366.69 crore.
The market valuation of ITC rallied Rs 43,321.81 crore to reach Rs 4,72,353.27 crore.
Infosys added Rs 34,043.38 crore, taking its valuation to Rs 6,72,935.25 crore.
ICICI Bank’s market valuation jumped Rs 32,239.66 crore to Rs 6,02,749 crore and that of TCS zoomed Rs 26,143.92 crore to Rs 12,74,026.80 crore.
The market capitalisation (mcap) of HDFC Bank advanced Rs 23,900.84 crore to Rs 9,25,188.45 crore and that of Bharti Airtel climbed Rs 10,432.23 crore to Rs 4,42,015.45 crore.
The valuation of Hindustan Uni
India will get into global bond indices on own terms: FinMin official (04-02-2023)
India will not bend over backwards to get included in the global bond indices, a top finance ministry official said on Saturday.
Deploying a sartorial analogy, Finance Secretary TV Somanathan said the indices are an exclusive club or gymkhana, which insists on entry only for those wearing ties.
“…if we get into this club, it will be with our dhoti and saree. We will not change our domestic policies to suit foreign investors,” he said, addressing a post-budget interaction with industry players in the financial capital.
He said there are both positives and negatives of such an inclusion, which was spoken about in a previous budget announcement, and India will not “bend over backwards” to gain entry.
India’s policies will be based on domestic requirements, and there will not be any change to the stance to suit the fancy of global bond investors, he said.
The global indices should allow entry for India only if such a stance is acceptable to them, he said.
Positives of gaining entry
India will get into global bond indices on own terms: FinMin official (04-02-2023)
India will not bend over backwards to get included in the global bond indices, a top finance ministry official said on Saturday.
Deploying a sartorial analogy, Finance Secretary TV Somanathan said the indices are an exclusive club or gymkhana, which insists on entry only for those wearing ties.
“…if we get into this club, it will be with our dhoti and saree. We will not change our domestic policies to suit foreign investors,” he said, addressing a post-budget interaction with industry players in the financial capital.
He said there are both positives and negatives of such an inclusion, which was spoken about in a previous budget announcement, and India will not “bend over backwards” to gain entry.
India’s policies will be based on domestic requirements, and there will not be any change to the stance to suit the fancy of global bond investors, he said.
The global indices should allow entry for India only if such a stance is acceptable to them, he said.
Positives of gaining entry
Measures in place to address excessive market volatility, says Sebi (04-02-2023)
Sebi has begun examining the crash in Adani group stocks and is said to have increased the scrutiny of the Adani group and its investors
Committed to ensuring market integrity, says Sebi amid Adani crisis (04-02-2023)
Amid a raging controversy over a meltdown in Adani group stocks, regulator Sebi on Saturday said it is committed to ensuring the stock market’s integrity and all necessary surveillance measures are in place to address any excessive volatility in individual shares.
Without naming the Adani group specifically, the capital markets watchdog said in a statement that unusual price movement in the stocks of a business conglomerate has been observed in the past week.
Officials confirmed that the statement has been issued in the wake of the Adani matter only.
“As part of its mandate, Sebi seeks to maintain orderly and efficient functioning of the market and has put in place a set of well-defined, publicly available surveillance measures (including the ASM framework) to address excessive volatility in specific stocks.
“This mechanism gets automatically triggered under certain conditions of price volatility in any stock,” the Securities and Exchange Board of India (Sebi) said.
Stock exchange