HImFasHIon: 2023-02-26

Saturday 4 March 2023

Global trends, FPI trading activity to drive mkts in shortened wk: Analysts

Equity markets would be mainly driven by global trends and foreign fund trading activity in the holiday-shortened week, analysts said. The BSE and the National Stock Exchange have listed March 7 (Tuesday) as a holiday on account of Holi. However, stock brokers' association ANMI has urged the government, exchanges and Sebi to shift the holiday to March 8 from March 7. "Indian stock markets may remain volatile amid fear that the US FED will keep raising interest rates to control inflation. Rising US bond yields and macroeconomic numbers will keep the market mood subdued in the near-term. "Investments by FIIs, who are turning out to be small net buyers at the margin, and DIIs will be monitored," Pravesh Gour, Senior Technical Analyst, Swastika Investmart Ltd, said. On the global front, the Bank of Japan will decide on interest rates and the US macroeconomic data (US nonfarm payrolls and unemployment rate) will be scheduled for release on March 10, while on the domestic front, India's

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Friday 3 March 2023

Gold prices rise by Rs 100 to Rs 56,550, silver remain prices unchanged

The price of ten grams of 24 carat gold in Delhi, Bengaluru, and Chennai is Rs 56,550, Rs 56,600, and Rs 57,280, respectively

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Singapore monitors short-sellers after Adani Group-Hindenburg saga

The Singapore Exchange's regulatory arm may order an independent review if there are areas of concern, said Tharman, who also serves as minister in charge of the Monetary Authority of Singapore

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Thursday 2 March 2023

Gold prices rise by Rs 160 to Rs 56,450, silver price falls by Rs 300

The price of ten grams of 24 carat gold in Delhi, Bengaluru, and Chennai is Rs 56,600, Rs 56,500, and Rs 57,200, respectively

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Charts signal likely pullback for Nifty Consumption index: Ravi Nathani

According to the technical analyst, the Nifty Consumption index is likely to witness a pullback, and the support range of 7,036 - 6,980 is likely to provide a base for a technical bounce

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Stocks to watch: Tata Power, NHPC, Zydus Life, Bharat Forge, Ramco Systems

Stocks to watch today: From Tata Power to NHPC, here are top stocks to watch in Friday's trading session

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Indian-origin engineer at FTX, Nishad Singh, pleads guilty to fraud charges

A 27-year old Indian-origin engineer at a crypto asset trading platform has pleaded guilty to charges of commodities fraud. Nishad Singh was the former co-lead engineer of FTX Trading Ltd. He is facing federal charges for his role in a multiyear scheme to defraud equity investors in FTX, the crypto trading platform started by Singh along with Samuel Bankman-Fried and Gary Wang. In December last year, federal authorities had charged Bankman-Fried with orchestrating a scheme to defraud equity investors in FTX. The Securities and Exchange Commission charged Singh Tuesday. In a parallel action, the US Attorney's Office for the Southern District of New York and the Commodity Futures Trading Commission (CFTC) also announced charges against Singh. Singh entered a guilty plea as to commodities fraud and other charges in the separate, parallel action against him in the Southern District of New York. According to the SEC's complaint, Singh created a software code that allowed FTX customer f

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Wockhardt's former official settles insider trading case with Sebi

A former official of drug maker Wockhardt on Thursday settled with Sebi a case pertaining to alleged non-disclosure of adverse observations made by the USFDA about the company's manufacturing facility to the exchanges in 2013. Vijay Khetan, who was the compliance officer of Wockhardt, paid Rs 27.06 lakh towards the settlement charges to the capital markets regulator for the alleged violations of insider trading rules, the Securities and Exchange Board of India (Sebi) said in an order. The order came after Khetan proposed to settle the pending proceedings through a settlement order. Sebi, through a show cause notice in September 2022, alleged that Khetan, being the compliance officer of Wockhardt at the relevant point of the time, had failed to ensure disclosure of price sensitive information immediately to stock exchanges. Therefore, he allegedly violated the code of conduct specified under the insider trading rules, as per the show cause notice. It was also alleged that Wockhardt

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Wednesday 1 March 2023

Sonata Software hits new high; stock up 44% since start of the year

Acquisition of Quant Systems will strengthen Sonata offering in BFSI and Healthcare & Life science verticals which will aid the revenue growth of company, say analyst at ICICI Securities.

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Gold price rises to Rs 56,290, silver price unchanged at Rs 66,800

The price of ten grams of 22-carat gold went up by Rs 150 to Rs 51,600

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Stocks to watch: HDFC, NMDC, PVR, Lupin, Sunteck Realty, Tata Motors

Stocks to watch today: From HDFC to PVR, here are top stocks to watch in Thursday's trading session

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Sebi bans Anugrah Stock, 5 others from securities market for up to 7 years

Sebi has barred Anugrah Stock & Broking and five other entities from the securities market for up to seven years in a case pertaining to providing unregulated portfolio management services (PMS). The others banned by the regulator are the brokerage house's directors -- Paresh Mulji Kariya and Sadhana Paresh Kariya -- Teji Mandi Analytics, its director Anil Gopal Gandhi and Om Sri Sai Investments, an associate entity of Anugrah Stock, as per its order. In addition, Sebi has levied a penalty totalling Rs 8 crore on Anugrah Stock, its directors and the associate entity and the fine needs to be paid within 45 days. These four entities were engaged in providing Derivative Advisor Services (DAS) which was in the nature of portfolio management services (PMS) while promising assured returns to the prospective clients. These activities were being carried out without seeking requisite registration under the PMS rules, Sebi said in its 60-page order on Tuesday. While indulging in such ...

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Bharat Dynamics jumps 5% on strong outlook; stock up 23% in 2 weeks

In the past two weeks, the stock rallied 23 per cent after the state-owned aerospace & defense company said that it has received export order worth $255 million

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Tuesday 28 February 2023

Adani Enterprises soars 12%; mining arm gets LoI for Odisha Bauxite block

Adani Enterprises on Tuesday said its wholly-owned subsidairy Mundra Aluminium was declared as the preferred bidder for the Kutrumali bauxite block by the Odisha government.

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Gujarat Pipavav Port nears 52-week high; stock surges 18% in one month

The stock was up 4% to Rs 108.85, and was trading close to its 52-week high level of Rs 109.35 touched on December 30, 2022

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Gold price rises Rs 100 to Rs 56,120; silver price unchanged at Rs 66,800

The price of ten grams of 22-carat gold went up by Rs 100 to Rs 51,450

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Stocks to watch: Bharti Airtel, Delhivery, Zydus Life, Axis Bank, BEL, SBI

Stocks to watch today: From Bharti Airtel to Delhivery, here are top stocks to watch in Wednesday's trading session.

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Softbank may sell Delhivery shares worth Rs 600 cr via block deals: Report

Softbank held a stake of 18.42 per cent in Delhivery via its subsidiary Svf Doorbell (Cayman) Ltd

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Indiabulls Real Estate plunges 7% as MD Mehul Johnson resigns

The company said merger with the Embassy was in the final stages of the National Company Law Tribunal (NCLT) review - next hearing in Chandigarh scheduled for tomorrow, March 1, 2023.

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Monday 27 February 2023

Vedanta slips 9%, hits four-month low amid heavy volumes

Growth capex, along with moderation in operating profitability, and higher than expected dividend payout is expected to result in increased leverage this fiscal

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Zee Entertainment jumps 6% as NSE reincludes stock in F&O segment

The stock of TV broadcasting & software production had dipped 15 per cent in past six trading days between February 17 and February 27.

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Here's why Ravi Nathani is bullish on Nifty Private Bank, PSU Bank indices

According to the technical analyst, Nifty Private Bank exhibited a bullish pattern, supported by technical indicators, indicating a positive outlook for traders in the short term

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Stocks to watch: SpiceJet, Bharti Airtel, SAIL, Wipro, Brigade Ent, Mastek

Stocks to watch today: From SpiceJet to Bharti Airtel, here are top stocks to watch in Tuesday's trading session

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Retail and MSME asset buying to drive ARC business in FY24: India Ratings

Expected credit loss model for banks; PCA for NBFCs levers to asset sale

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