By Nagaraj Shetti After showing upmove with high volatility on Tuesday, Nifty showed a sustainable follow-through upmove on Wednesday and closed the day higher by 184 points. The opening upside gap remains unfilled. A reasonable long bull candle was formed on the daily chart with gap up opening (back to back second opening upside gap […]
In response to a series of security incidents attributed to the Iranian-backed Houthi group in the Red Sea, the Indian Navy has strategically positioned heavily armed destroyers, namely INS Kochi, Kolkata, Mormugao, and the frigate INS Trishul. The recent successful escort of MV Chem-Pluto to Mumbai, which suffered a drone strike causing no significant damage, […]
The National Stock Exchange (NSE) banned the trading in futures and options (F&O) of only one stock/security on Friday, January 6, 2023. Indiabulls Housing Finance is the stock/security placed on the National Stock Exchange’s futures and options (F&O) ban for trade on Friday. According to the NSE, the stock mentioned above is prohibited in the […]
In a bid to improve transparency and ensure quicker reporting, the government has said that any material change in structure, common ownership or control of the foreign portfolio investors (FPIs) or investor group, should be brought to the notice of the Securities and Exchange Board of India (Sebi) not later than seven working days. For […]
The new Telecom Act does not, in any manner give either the government or the service providers, the power to break encryption of messages exchanged via over-the-top platforms or intercept them, communications and IT minister Ashwini Vaishnaw told Fe in a wide-ranging interview. While highlighting how the Act will usher in an era of structural […]
The Securities and Exchange Board of India (Sebi) is likely to discuss key changes in buyback norms, governance of market infrastructure institutions (MIIs) and disclosures of material events for companies at its board meeting on Tuesday. The market regulator had released a consultation paper last month pertaining to share buybacks, seeking changes concerning the limit, […]
Shares of most of the Adani Group companies continued their fall on Monday, hitting fresh lower circuits, despite a detailed rebuttal by the group to the allegations made by US short-seller Hindenburg Research. The bloodbath has erased over Rs 5.5 trillion in the group’s combined market capitalisation over the last three trading sessions. Last week, […]
Indian benchmark indices are likely to open on a muted note, hinted SGX Nifty on Wednesday. On the Singapore Exchange, Nifty futures trading lower at 17907 level. In the previous session, BSE Sensex soared 600 pts to 61,032, while NSE Nifty 50 jumped 159 pts to 17,930. “Indications are favorable for further recovery and we’re […]
Indian skincare startup Mamaearth has put its initial public offering (IPO) on hold because of weak market conditions, two people with direct knowledge of the matter said, a month after two other Indian companies also scrapped their share sales. Mamaearth parent Honasa Consumer Ltd filed its documents for an IPO in December, planning to raise […]
Warren Buffett targeted the critics of repurchase or share buyback, calling them economic illiterate or a silver-tongued demagogue (characters that are not mutually exclusive). On February 25, Berkshire Hathaway published its annual report and the letter from Warren Buffet to the investors. Apart from the investment strategies and financial performance, the billionaire gave lessons to […]