Capital markets regulator SEBI has not concluded any wrongdoing in its application to the country’s top court, seeking six more months to complete a probe into allegations against Adani Group, the conglomerate run by billionaire Gautam Adani said. The Supreme Court had on March 2 asked Securities and Exchange Board of India (SEBI) to conclude […]
By Rajesh Palviya In Nifty’s current series, a Short Covering has been witnessed with increase in price of 0.98% and decrease in OI by -3.69% as of Wednesday wherein there was shedding of 3.79 lakh shares in OI, decreasing from 102.68 lakh to 98.99 lakh shares. Nifty 50 current month rollover stands at 17.15%, while […]
Oil prices fell on Thursday following three sessions of gains, after U.S. Federal Reserve Chair Jerome Powell re-stated his commitment to curbing inflation, including the possibility of more interest rate rises. Brent crude futures fell 80 cents, or 1%, to $75.89 a barrel by 00:09 GMT, while U.S. West Texas Intermediate crude (WTI) dropped 84 […]
Bulls charged back on Dalal Street on Monday amid positive global cues. The BSE Sensex surged around 800 pts or 1.4% to hit an intraday high of 60,724.40, while NSE Nifty 50 soared over 240 pts or 1.3% to top 18,100. Nifty major trend-deciding level remains at 18300, which would turn the tide once again […]
Gold Price Today, Gold Price Outlook, Gold Price Forecast: Gold rate is trading lower on Thursday despite postive global cues, while the silver rate is down 0.13%. On Multi Commodity Exchange, gold February futures were trading at Rs 54,912 per 10 grams, down Rs 59 or 0.11%. Silver March futures were trading up by Rs […]
Shoppers Stop’s (SHOP) revenue performance has been in line with the expectations of both the author and the consensus. SHOP is focusing on key growth vectors, including private label, beauty, loyalty programmes, retail expansion, re-innovation, and technology, and has been successful in delivering on these areas. The highest-ever gross margin of 43%, which is higher […]
Vishal Rajnikant Bhansali (HUF) sold 4,30,945 shares of Abans Holdings Ltd (AHL) at Rs 269.69 per share. Mahima Goel sold 2,67,500 shares of AKG Exim Ltd (AKG-RE) at Rs 17.47 per share. Mehul H Shah bought 90,000 shares of Destiny Logistics & I Ltd (DESTINY) at Rs 20.00 per share. Solenco Services LLP sold 2,00,000 […]
Benchmark indices were trading in the positive territory in early trade on Wednesday amid fresh foreign fund inflows and buying in HDFC twins. The 30-share BSE Sensex advanced 218.68 points to 57,832.40 in initial trade. The broader NSE Nifty climbed 71.5 points to 17,023.20. Among the Sensex firms, Mahindra & Mahindra, Hindustan Unilever, HCL Technologies, […]
Sebi has clarified norms for excusing or excluding investors in alternative investment funds (AIFs) from participating in certain investments. In a circular, the regulator laid out certain conditions, by way of which AIF investors may be exempt from certain investments. One instance would be if the investor — based on the opinion of a legal […]
The quarterly performance by Axis Bank was reflective of broader themes observed in other banks. NIM improved sharply and drove a beat in NII, and operating expenses were kept in check. Together, this led to a beat in profit estimates. The overall transformation at Axis Bank continues. As AXSB pivots its asset mix towards higher […]