Friday 26 May 2023

Gold price dips Rs 160 to Rs 60,710, silver falls Rs 150 to Rs 72,900

The price of ten grams of 22-carat gold declined Rs 150 to Rs 55,650

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YES WORLD announces its token listing on LaToken centralized exchange

New Delhi [India], May 26: Leading Utility Token YES WORLD is now available for trading on the leading centralized exchange - LaToken. LaToken is a prominent exchange in South Asian countries and with this listing, YES World Token is going to make major inroads for people to acquire their favourite cryptocurrency. YES WORLD is also available on other crypto exchanges like XT.com, Coinsbit.io, CoinsTiger, as well as Pancakeswap decentralized change.

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Mansun Consultancy, its promoters settle case with markets regulator Sebi

Mansun Consultancy and its promoters have settled with capital markets regulator Sebi a case on alleged violation of investment advisers norms. Mansun and its promoters/directors -- P R Sundar and Mangayarkarasi Sundar -- paid Rs 15.60 lakh each towards the settlement charges, as per a Sebi order on Thursday. Besides, the terms of the settlement also included the disgorgement of the fees collected by Mansun, along with the 12 per cent per annum interest -- from June 2020 till February 2023 -- of Rs 6.07 crore. In the revised settlement terms, the applicants proposed that Mansun, PR Sundar and Mangayarkarasi "shall refrain from buying, selling or otherwise dealing in securities in India for a period of one year from the date of passing of the settlement order". "The Applicants shall refrain from buying, selling or otherwise dealing in securities markets for a period of one year from the date of passing of the settlement order," Sebi's Chief General Manager Anitha Anoop, said in the

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Thursday 25 May 2023

Nifty Energy, Commodities indices may languish in near-term, show charts

According to the technical analyst, traders must adopt 'sell-on-rise' strategy for both Nifty Energy, and Commodities indices

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GlobalVox announces launch of its new venture - TheBlockchainTeam - a unit which focuses only on blockchain and web3.0 projects

New Delhi [India], May 25: GlobalVox LLC, a software development and consultation company based out of the United States announces launch of its new business vertical - TheBlockchainTeam (TBT). GlobalVox LLC is present in the United States (Virginia & Florida), India, UK and very soon setting up an office in Europe. TheBlockchainTeam will be setup as an independent company in UAE or Europe.

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Sebi bans 3 entities for unregistered investment advisory services

Capital markets regulator Sebi on Thursday barred three entities, including Investocare Financial Research, from the securities markets for varying periods for providing unregistered investment advisory services. An individual -- Ramesh Babu -- has been restrained for 2 years till the expiry of the period from the date of completion of refunds to investors, while Investocare and its proprietor Ravish Kandhari were debarred for one year from the securities markets. The markets watchdog has also asked Ramesh Babu to refund investors' money collected through unregistered investment advisory services within three months. As per Sebi, Investocare and its proprietor provided advisory services without holding the mandatory certificate of registration by the market regulator. Ramesh Babu had received Rs 60.94 lakh in his account from November 2015 to July 2021, for the investment advisory services provided by Investocare, thereby violating the provisions of IA (Investment Advisers) rules,

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Reforms galore, index annual returns in line with the long-term trend

The returns are also below the previous Manmohan Singh-led United Progressive Alliance (UPA) government

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Ola Electric gears up for India's largest automotive IPO by early 2024

The company has just secured $300 million in funding, led by a sovereign fund, pushing the valuation from $5 billion to $6 billion

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Wednesday 24 May 2023

Star Cement surges 9% on heavy volumes; nears 4-year high

Enhanced capacity utilisation, backed by the government's thrust on infrastructure development in the NER and better pricing power would enable Star to register revenue and earnings by going forward

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Stocks to Watch today, May 25: Nykaa, LIC, Adani Group, Hindalco, Nalco

Stocks to watch on May 25, 2023: AIA Engineering, eClerx, GSFC, Voda Idea, IEX, IFCI, Page Inds, SAIL, Strides Pharma, and Zee among prominent companies scheduled to announce Q4 results on Thursday.

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Gold price rises Rs 260 to Rs 61,360; silver falls Rs 450 to Rs 74,050

The price of ten grams of 22-carat gold rose Rs 250 to Rs 56,250

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Dixon, CGCEL: Consumer durable shares gain up to 9% in a range-bound market

At 01:41 PM, the S&P BSE Consumer Durables index, the top gainer among sectoral indices, was up 1.5 per cent, as compared to 0.11 per cent decline in the S&P BSE Sensex

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Stock of this industrial products company has zoomed over 170% in 4 months

WPIL hit a new high of Rs 3,076, up 5 per cent on the BSE in Wednesday's intra-day trade

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Ceat hits new summit; zooms over 46% so far this May on strong Q4 results

The management is hopeful that the coming quarters will see further uptick in growth, as commodity prices remain stable, and the global inflation slows down.

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Tuesday 23 May 2023

Ceat hits over 5-year high; zooms 42% so far this May on strong Q4 results

The management is hopeful that the coming quarters will see further uptick in growth, as commodity prices remain stable, and the global inflation slows down.

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Mahindra CIE surges 9%, hits 52-week high after large block deal

As per media sources, M&M was looking to sell its residual 3.2% stake in MCIE via the block deal mechanism on stock exchanges today

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MARKET LIVE: SGX Nifty somber amid weak global cues; US FOMC minutes eyed

Stock market live updates: On Wednesday, the SGX Nifty quoted 18,280 levels, down over 50 points

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IndusInd Bank gains 15% in one month; nears 52-week high on healthy outlook

The management introduced planning cycle - 6 (FY23-26) wherein they have guided for 18-23% YoY credit growth, mainly-driven by retail (55-60% proportion) and PPOP margins to be 5.25-5.75%.

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Monday 22 May 2023

eMudhra hits new high, zooms 57% in one month post Q4 results

The company said strong growth led by Enterprise Solutions; change in model for Trust Services resulting in diversification and better quality of revenue for trust services.

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MARKET LIVE: US stocks mixed on debt limit uncertainty; Asian indices rise

Stock market live updates: The SGX Nifty, on Tuesday, indicated a firm start as it quoted 18,359 levels, up 24-odd points

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Sebi moots proposal to strengthen investor grievance mechanism SCORES

Capital markets regulator Sebi is looking to strengthen the investor grievance handling process through the SCORES system and integrate the same with the online dispute resolution mechanism. The proposal is aimed at making the entire redressal process of grievances in the securities market comprehensive by providing an end-to-end solution and the process more efficient and faster by reducing timelines and introducing auto-routing and auto-escalation. Also, the suggestion has been provided for two levels that the investor can opt for, plus the option for referral to the online dispute resolution (ODR) mechanism recently approved by Sebi. In its consultation paper on Friday, Sebi suggested that complaints about market price manipulation, insider trading and accounting manipulation by listed companies that are currently being auto-closed should be excluded from the SCORES platform and a separate portal for market intelligence should be created for this purpose. In case the investors .

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Jet Airways, SpiceJet hit 52-week lows, slip up to 10% in firm market

Shares of Jet Airways declined 5 per cent as uncertainty continued over the revival of the grounded air line company

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Narayana Hrudayalaya rallies 11% to hit a record high on strong Q4 results

The company reported the highest-ever revenue and profitability in Q4FY23, as well as for FY23, which is attributed to increased patient footfalls along with improvements in speciality and payor mix

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Stock of this pharma company has plunged 80% from its record high level

Shares of Gland Pharma tumbled 19 per cent to hit a new low of Rs 872.10 in Monday's intra-day trade, in an otherwise firm market

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Sunday 21 May 2023

TCS up 1% as consortium bags Rs 15,000-cr order from BSNL for 4G deployment

Tejas Networks Ltd, too, is a part of the TCS-led consortium which has bagged APO for 4G deployment

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MARKET LIVE: Global stocks mixed amid US default worries; Brent at $75/bbl

Stock market live updates: The SGX Nifty, on Monday, signalled a muted start as it stood at 18,211 levels, down 28-odd points

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Sebi proposes measures to contain price volatility on shares in derivative

Capital markets regulator Sebi on Sunday came out with a proposal to strengthen the existing price band formulation for scrips in the derivatives segment to deepen volatility management and minimize information asymmetry in the market. Price bands for scrip or a derivative contract represent the boundaries within which the competing orders of buyers and sellers are accepted for the day by the trading system of the stock exchange. For scrips having derivative contracts on them, these price bands are dynamic and can be flexed depending on trading during the day. In its consultation paper, Sebi has proposed that in case a share in the futures and options segment falls or rises beyond 20 per cent a day, cooling off period should be increased in a phased manner, subject to a maximum cooling-off period of one hour from the current 15 minutes at present. After this, such scrip should be permitted to move only a further up to 2 per cent as against the current limit of 5 per cent. The ...

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Sebi proposes curbs on extreame price movements in derivative-linked shared

India's market regulator proposed measures to contain extreme price movements in shares on which futures and options trade, including longer trading suspensions and restricting price movements

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Q4 results, FII trading activity to guide markets this week: Analysts

Domestic quarterly earnings, global trends and foreign fund trading activity would dictate the movement in equity markets, which may face volatility amid the scheduled monthly derivatives expiry this week, analysts said. Equity markets took a breather last week. The BSE Sensex declined 298.22 points or 0.48 per cent and the Nifty dipped 111.4 points or 0.60 per cent. "Global and domestic macroeconomic data, crude oil prices, global market trends, Foreign Institutional Investors (FIIs) and domestic institutional investors (DIIs) activity will be monitored this week. "Earnings season will continue to be in focus with companies like BPCL, Ashok Leyland, NMDC, Hindalco, Oil India, LIC, Vodafone Idea, BHEL, ONGC, and many more will be declaring their results this week," Arvinder Singh Nanda, Senior Vice-President at Master Capital Services Ltd, said. Globally, investors would continue to focus on the US debt ceiling negotiations, Nanda added. US President Joe Biden's administration is

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Goldprice dips Rs 10 to Rs 62,720, silver falls Rs 100 to Rs 74,900

The price of 22-carat gold also fell Rs 10 with the yellow metal selling at Rs 57,490 from Markets https://ift.tt/rpZGNwM