Stock Market Live: Sensex, Nifty eye gap-down start; SBFC listing on radar

Stock Market Live on August 16, 2023: At 7:15 am, the Gift Nifty futures were around 100 pts lower at 19,382 from Nifty Monday futures' close

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Oil prices drop over 1% due to intensifying pressure of Chinese economy

China's industrial output and retail sales data on Tuesday showed the economy slowed further last month, intensifying pressure on already faltering growth

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Gangwal family likely to sell IndiGo stake worth Rs 3,730 cr via block deal

Morgan Stanley, Goldman Sachs, and JP Morgan are the investment banks advising the Gangwal family on the proposed sale

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Entity offloads Ujjivan Financial Services shares for Rs 148 crore

Newquest Asia Investments II on Monday offloaded shares of Ujjivan Financial Services for Rs 148 crore through an open market transaction. According to the bulk deal data available with the NSE, Newquest Asia Investments II Ltd disposed of 30 lakh shares of Ujjivan Financial Services. The shares were sold at an average price of Rs 495.19 apiece, taking the aggregate transaction value to Rs 148.56 crore. Meanwhile, Abakkus Emerging Opportunities Fund-1 acquired 11.50 lakh shares and BNP Paribas Arbitrage bought more than 6.79 lakh shares of Ujjivan Financial Services. The shares were bought in the range of Rs 495-495.15 per share, taking the combined transaction value to Rs 90.56 crore. On Monday, shares of Ujjivan Financial Services fell 1.63 per cent to close at Rs 498.95 apiece on the NSE.

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PVR Inox gains 3% on highest-ever weekend footfalls, box-office collection

The company welcomed around 3.36 million guests at its cinemas and earned gross box office revenue of around Rs 100 crore in the Aug 11 - 13 weekend.

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Adani Group shares under pressure; Adani Ports, AEL slip up to 5%

Securities and Exchange Board of India is set to submit to the Supreme Court its report on the allegations made by US-based Hindenburg Research against the Adani Group.

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Gold prices unchanged, silver falls Rs 3,200, trades at Rs 73,000 per kg

The price of 22-carat gold also remained stable, with the yellow metal selling at Rs 54,650

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Stocks to Watch on Aug 14: Adani Ports, Nykaa, Raymond, PSU Banks, Biocon

Stocks to watch on August 14, 2023: Balrampur Chini, Delta Corp, Indiabulls Housing Finance, India Cements, Manappuram Finance and Zee among nine stocks in F&O ban period on Monday.

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Stock Market LIVE: Asian indices subdued as US treasury yields top 4.1%

Stock market LIVE updates on August 14, 2023: Last Friday, the Nasdaq Composite ended 0.6 per cent lower

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Nifty Bank: A close below 43,700 will trigger fresh round of selling

In such a case, further support for the Nifty Bank index is projected around 43,350, 42,600, and 41,500

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Sebi to focus on tech, plans Geotagging to boost enforcement activities

Capital markets regulator Sebi is betting big on technology, as it plans to implement a Geotagging solution in the current financial year to strengthen the process of its enforcement activities. While focussing on technology, Sebi said it plans to undertake various projects to boost its information technology (IT) capacity and build a "fault-tolerant" architecture. The move is aimed at further enhancing its technological and cybersecurity capability, and to better serve its stakeholders. "In the coming year, Sebi plans to implement a Geotagging Solution to strengthen the process of its enforcement activities," the regulator said in its annual report for 2022-23. Geotagging is the process of adding geographical information usually in the form of latitude and longitude coordinates to various media such as photos, videos, etc. The project intends to implement geotagging technology-based mobile application solutions, which help the market regulator to take necessary photos or videos a

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