Posts in category Economic Times
Heat wave over! AC stocks face rain-test after rallying 76% in 6 months (02-07-2024)
AC stocks surge post heatwave, showing robust growth amidst cyclicality risks. Price hikes fuel expectations of strong growth momentum and secondary sales. Market growth relies on cooler penetration driven by purchasing power, not just rising temperatures.
Stock market update: Nifty Auto index falls 0.08% in an upbeat market (02-07-2024)
The Nifty Auto index was trading 0.08 per cent down at 25304.7.
Share price of DLF jumps as Sensex gains 75.99 points (02-07-2024)
A total of 57,409 shares changed hands on the counter till 11:06AM (IST)
Stock market update: Power stocks up as market rises (02-07-2024)
The 30-share BSE Sensex was up 61.43 points at 79537.62
Sebi pressured brokers to close Adani short positions, will file RTI: Hindenburg (02-07-2024)
US-based Hindenburg Research criticized Sebi's show cause notice alleging violations of Indian securities laws as "nonsense" and claimed it was concocted to fulfill a predetermined agenda. The investment management firm led by Nate Anderson is currently initiating the process of filing a Right to Information (RTI) request to obtain the names of Sebi employees involved in both the Adani and Hindenburg matters.
New system to ease FPI access to Gsecs awaits RBI nod (02-07-2024)
Foreign investors seek improved access to Indian bonds through global platforms, awaiting RBI approval. The new model aims for efficient trading with straight-through processing on the NDS-OM platform.
Petro Carbon and Chemicals stock lists with 75% premium over IPO price (02-07-2024)
Petro Carbon and Chemicals, under the Atha Group, dominates the B2B market by supplying calcined petroleum coke to a wide range of industries, ensuring high-quality carbon anodes for aluminum smelting. Its strategic growth through vertical integration and tech innovation secures its position in the market.
Zee Ent. share price up 1.69 per cent (02-07-2024)
A total of 318,932 shares changed hands on the counter till 11:01AM (IST).
Gold Price Today: Gold opens flat at Rs 71,689 per 10 gram, silver trades at Rs 89,867/kg (02-07-2024)
Gold and silver prices remain stable but cautious as markets await speeches from Fed Chair and ECB President. Manoj Kumar Jain predicts price volatility this week.
Kotak Bank shares fall as its name crops up in Adani-Hindenburg saga (02-07-2024)
Hindenburg Research said Kotak Mahindra Bank setup an offshore fund structure to short Adani stocks, causing Kotak's shares to drop by up to 2% to a low of Rs 1,768 on the BSE. The investment firm also targeted Uday Kotak, the founder of the bank, who personally chaired Sebi's 2017 Committee on Corporate Governance.