Share market update: Most active stocks of the day in terms of traded value (12-11-2024)
The NSE Nifty index closed 257.85 points down at 23883.45
Sebi extends deadline till Nov 26 for comments on proposed SDP recognition (12-11-2024)
Markets regulator Sebi on Tuesday extended the deadline for public comments till November 26 on the proposal concerning requirements for recognition as specified digital platforms (SDPs).
Earlier, the comments from the public were sought till November 12.
“Based on the representations received by Sebi from some of the entities/organisations, it has been decided to extend the timeline to submit the public comments on the consultation paper till November 26, 2024,” the regulator said in a statement.
In its consultation paper, Sebi proposed requirements for recognition as specified digital platforms whereby such platforms should proactively prevent fraud, impersonation, unauthorised claims, and unregistered entities from operating.
The regulator suggested that specified digital platforms use artificial intelligence or machine learning (AI/ML) tools to identify content or ads related to securities, ensuring the entity is Sebi-registered or permitted, no unauthorised advice, …
Jindal Drilling – Beneficiary of a sustained offshore upcycle? (12-11-2024)
Trump cant directly lower oil prices and one shouldn’t be misled into believing him if he says so.
Oil prices are simply a function of demand and supply. US and China are the largest consumers of crude demand and between the two it’s China that has been an overhang on crude demand, if not materially then at least sentiment wise.
On the supply side, US over the last few years have joined Saudi Arabia as a swing producer and US supply is something that Trump can influence. But again jury is divided as to how the US oil producers will respond to Trump’s lenient fiscal policies (tax cut etc). The reason the US production has been flat is simply because of shareholder activism that has put pressure on CEO’s to maximize return for the shareholders through higher dividends and buybacks and prudent investment in production growth.
Different extraction activities require different breakeven prices for them to be lucrative depending on geology and geography. Plus drilling activities can be influenced by other factors than just purely oil prices.
That’s why one needs to take a granular view of the market, supply chain and eocsystem set up to properly evaluate different companies in this space.
Piccadily Agro Industries Ltd (12-11-2024)
Most stocks are down. There is a climate of fear now. The stock will go up once optimism returns to the broader market.
Sensex falls! But these stocks rallied over 15% on BSE in today’s trade (12-11-2024)
In the Nifty50 index, 7 stocks closed in the green, while 43 stocks ended in the red.
Markets slump 1%; Sensex tumbled 821 points (12-11-2024)
From the 30-share Sensex pack, NTPC, Asian Paints, HDFC Bank, State Bank of India, Tata Motors, JSW Steel, Maruti and Power Grid were among the major laggards. On the other hand, Sun Pharma, Infosys and ICICI Bank were the gainers.