Tuesday June 06, 2023

For Adani Green Energy, Adani Transmission, and Adani Wilmar, the circuit limits have been revised to 10% from 5%. The biggest boost is for Adani Power as the circuit limit has been increased to 20% from 5%.

Tuesday June 06, 2023

Five out of ten Adani group stocks ended positively on Tuesday after the conglomerate announced that it had repaid loans totalling $2.65bn as part of its deleveraging programme. Adani Power, Adani Green Energy, Adani Ports, Ambuja Cements, and ACC all rose on the BSE, while shares in Adani Total Gas, Adani Wilmar, Adani Transmission and NDTV fell. The Adani Group has been seeking to win back investor trust after US short-seller Hindenburg Research published a report alleging accounting fraud and stock price manipulation. The group has denied all allegations.

Tuesday June 06, 2023

Shares of major US banks and regional lenders rose on Tuesday, with the KBW Regional Banking index reaching its highest level since April. This comes at a challenging time for the sector, given concerns over deposit flight, growing interest rates and exposure to commercial real estate.

Tuesday June 06, 2023

India's markets appeals tribunal set aside a ruling by the markets regulator cancelling the licence of Brickwork Ratings India, according to an order published on the tribunal's website

Tuesday June 06, 2023

Indian equity indices closed flat on Tuesday, as gains in autos and real estate offset a drop in information technology stocks ahead of an anticipated pause in the US Federal Reserve's rate hike. Analysts predict that the general trend will continue to remain flat, though there is potential floor support at 18,500 and resistance at 18665 for the index.

Tuesday June 06, 2023

Tuesday June 06, 2023

Tuesday June 06, 2023

The Securities Appellate Tribunal (SAT), which hears appeals against orders passed by SEBI, said violations by Brickwork Ratings "were not deliberate or fraught with malafides or fraud and therefore cannot result in the cancellation of the license".

Tuesday June 06, 2023

Tuesday June 06, 2023

The Initial Public Offer (IPO) of LED lighting solution provider IKIO Lighting received 1.55 times subscription on the first day of the share sale on Tuesday. The Rs 606.5 crore IPO received bids for 2,36,67,020 shares against 1,52,24,074 shares on offer, according to NSE data. The category for non-institutional investors was subscribed 2.97 times, the portion for Retail Individual Investors (RIIs) received 1.64 times subscription and Qualified Institutional Buyers (QIBs) 30 per cent. The IPO has a fresh issue of up to Rs 350 crore and an Offer for Sale of up to 90 lakh equity shares. The price range for the offer is Rs 270-285 a share. On Monday, IKIO Lighting Ltd said it has mobilised Rs 182 crore from anchor investors. Proceeds from the fresh issuance worth Rs 50 crore will be used for debt payment, Rs 212.31 crore in the company's wholly-owned subsidiary IKIO Solutions to set up a new facility at Noida, Uttar Pradesh, and for general corporate purposes. IKIO Lighting is a ..

Tuesday June 06, 2023

NDTV will exit the stock exchanges' short-term additional surveillance framework from Wednesday, following a rally in its stock prices. The announcement comes after Adani Enterprises was removed from the same ASM framework by stock exchanges earlier this month.

Tuesday June 06, 2023

Software firm EPAM's guidance cut fresh trigger; underscores weak discretionary spending, say analysts

Tuesday June 06, 2023

Tuesday June 06, 2023

Multi-cap mutual funds invest in large-, mid-, and small-cap stocks, and mandate 65% of corpus in equity and equity-linked instruments. It offers the advantages of all three categories of stocks, offering moderate risks. Returns on five multi-cap mutual funds have beaten inflation, according to a list compiled.

Tuesday June 06, 2023

The Securities and Exchange Commission is charging Coinbase with operating its crypto asset trading platform as an unregistered national securities exchange, broker, and clearing agency. Coinbase was also charged for failing to register the offer and sale of its crypto asset staking-as-a-service program. Users of trading platforms can stake their cryptocurrency, essentially locking up some of their assets, in exchange for payment later, much like earning interest rates in a savings account. Those assets are used by platforms like Coinbase Global to guarantee other transactions taking place on the blockchain. Coinbase has been critical of regulations related to staking, calling them vague. The SEC complaint also alleges that Coinbase's holding company, Coinbase Global Inc., is a control person of Coinbase and therefore is also liable for some of Coinbase's violations. Shares of Coinbase Global tumbled nearly 17% before the market open on Tuesday. The SEC, which had warned Coinbase

Tuesday June 06, 2023

/ -- Proventus Agrocom Limited, the Mumbai-headquartered one-stop shop for healthy snacking solutions, made a stupendous debut on NSE Emerge the SME exchange platform of the National Stock Exchange. The company's shares were listed at a premium of 12% at Rs 862 a share over its issue price of Rs 771 per share. It locked at upper circuit with only buyers on exchange. The company witnessed total traded volumes of 1.67 lakh shares and clocked a turnover of approx. Rs 13.86 crore as of 11am on its debut day. The company's IPO was issued open for subscriptions from May 24 to May 26 and the issue saw an overall subscription of close to 2.75 times. On the listing ceremony, many dignitaries and industry personalities were present to grace the occasion. Durga Prasad Jhawar, Managing Director & CEO, Proventus Agrocom, said: "We aim to inspire healthier choices for nutritious living and sustained well-being by facilitating our customers with nature's most nutritious snacks. The IPO and its

Tuesday June 06, 2023

Shares of cryptocurrency and blockchain-related companies fell before the opening bell on Tuesday after the US Securities and Exchange Commission sued Coinbase and Binance, accusing them of operating illegally. The lawsuit against Coinbase alleges it has operated since 2019 as an unregistered broker, evading disclosure requirements. Shares in Coinbase fell 16%, while Bitcoin also fell. Bitfarms dropped 4.5%, and crypto miners Riot Platforms, Marathon Digital and Hut 8 Mining fell between 1.3% and 5.4%

Tuesday June 06, 2023

The S&P 500 and Nasdaq showed gains as investors awaited inflation data and the Federal Reserve's policy meet next week. Banks led a rally in economically sensitive sectors, with financials rising 1.2% to lead gains among the major S&P 500 sectors, while the KBW regional banking index jumped 6.1%.

Tuesday June 06, 2023

Five of the ten listed Adani stocks ended in the positive territory on Tuesday after the group said it has repaid loans aggregating USD 2.65 billion to complete a prepayment programme. The stock of Ambuja Cements jumped 4.54 per cent, ACC rallied 2.47 per cent, Adani Power gained 1.37 per cent, Adani Ports advanced 0.89 per cent and Adani Green Energy climbed 0.51 per cent on the BSE. However, shares of Adani Transmission fell 1.55 per cent, NDTV went lower by 0.96 per cent, Adani Wilmar dropped 0.60 per cent, Adani Total Gas declined 0.45 per cent and Adani Enterprises dipped 0.01 per cent. In the equity market, the BSE benchmark ended flat in a volatile trade, marginally up by 5.41 points or 0.01 per cent at 62,792.88. Embattled Adani Group on Monday said it has repaid loans aggregating USD 2.65 billion to complete a prepayment programme to cut overall leverage in an attempt to win back investor trust post a damning report of a US short seller. In a Credit Note released on Monda

Tuesday June 06, 2023

The SEC has charged Coinbase with operating an unregistered national securities exchange, broker, and clearing agency, as well as failing to register the offer and sale of its staking-as-a-service program. The complaint claims Coinbase has made billions unlawfully since at least 2019 by facilitating the buying and selling of crypto securities without proper registration.

Tuesday June 06, 2023

Tata Technologies, a unit of Tata Motors, is expected to list its IPO in five to six months. In the unlisted market, shares are trading at around Rs 850. Analysts expect the stock to list at a premium and currently predict a bump of between 20% and 30%.

Tuesday June 06, 2023

The price band for the issue has been set at Rs 169 to Rs 173 per share, and the IPO size is estimated to be about Rs 105.14 crore at the upper price band. Proceeds from the IPO will be utilised to support the company's working capital requirements, acquisitions of businesses in similar or complementary areas, general corporate purposes and meeting its issue expenses.

Tuesday June 06, 2023

Tuesday June 06, 2023

The National Stock Exchange of India has decided to shift the expiry day of Bank Nifty futures and option contracts to Friday from Thursday, following BSE's move to launch weekly futures and options on Sensex, which expire every Friday. Bank Nifty derivatives are the second most popular contracts after the benchmark Nifty, comprising almost 26% of share in total options trading volume. NSE will now have four weekly expiries – Fin Nifty on Tuesday, Midcap Nifty on Wednesday, Nifty on Thursday, and Bank Nifty on Friday.

Tuesday June 06, 2023

Nithin Kamath, co-founder and CEO of India's leading stock broker Zerodha, urges Indians to consider other investment options besides savings accounts and fixed deposits. He believes that the over Rs. 60 lakh crore held in savings bank accounts is earning sub-par returns. Even startups keep idle funds in their current bank accounts that generate no interest income instead of finding alternatives with better returns, he added. Kamath also suggests investing in T-bills, which currently generate more than bank fixed deposits and are known as the safest instrument in India.

Tuesday June 06, 2023

In the Nifty pack, 28 stocks closed in the green, while 22 stocks ended in the red.

Tuesday June 06, 2023

The NSE Nifty index closed 5.15 points up at 18599.0

Tuesday June 06, 2023

The Nifty Pharma index closed 0.61 per cent up at 13012.9.

Tuesday June 06, 2023

Tuesday June 06, 2023

The 30-share BSE Sensex closed up 5.41 points at 62792.88

Tuesday June 06, 2023

The 30-share BSE Sensex closed up 5.41 points at 62792.88

Tuesday June 06, 2023

The Nifty Realty index closed 1.19 per cent up at 498.4.

Tuesday June 06, 2023

RIL, Nestle among top Nifty stocks trading at premium over historical averages

Tuesday June 06, 2023

The 30-share BSE Sensex closed up 5.41 points at 62792.88

Tuesday June 06, 2023

Sectorally, buying was seen in realty, auto, and healthcare stocks, while selling was visible in IT, metals, and oil & gas stocks. Stocks that were in focus included names like Sharda Cropchem, which saw a massive increase in volumes to close with gains of over 10%, Mazagon Dock Shipbuilders closed with gains of over 4% and Bharat Dynamics hit a fresh 52-week high on Tuesday.

Tuesday June 06, 2023

The Nifty Bank index closed 0.14 per cent up at 44164.55.

Tuesday June 06, 2023

The 30-share BSE Sensex eked out marginal gains of 5.41 points to settle at 62,792.88, while the NSE Nifty went up by 5.15 points to end at 18,599.

Tuesday June 06, 2023

Fear gauge India VIX was up by 2.15% from 11.12 to 11.38 levels. Volatility negated its lower highs formation on daily frames but overall lower levels kept the index in a smaller range. Options data suggests a broader trading range between 18300 to 18800 zones, while an immediate trading range between 18450 to 18700 zones.

Tuesday June 06, 2023

The NSE Nifty index closed 5.15 points up at 18599.0

Tuesday June 06, 2023

Gold price climbed Rs 375 to Rs 60,775 per 10 gram in the national capital on Tuesday amid a rise in the precious metal's prices in overseas markets, according to HDFC Securities. In the previous trade, the yellow metal had closed at Rs 60,400 per 10 gram.

Tuesday June 06, 2023

Tech Mahindra, Infosys, TCS, ONGC and Wipro were among the top losers on NSE in today's trade.

Tuesday June 06, 2023

The Indian rupee saw small gains on Tuesday for the second consecutive day, but persistent forward and cash dollar demands continued to restrict the local unit in a tight range. The rupee finished at 82.6050 against the US dollar, enrolled in the previous session. The dollar index was weaker in early India trading, rebounding by 0.1% at closing. Traders are awaiting the U.S. inflation reading and events of next week's Federal Reserve's policy review, with the US inflation considered the most critical determinant for the USD/INR rates, following which the Federal Reserve could opt to hike rates next Wednesday.

Tuesday June 06, 2023

The 30-share BSE Sensex closed up 5.41 points at 62792.88

Tuesday June 06, 2023

The Nifty Auto index closed 1.09 per cent up at 14729.5.

Tuesday June 06, 2023

Tuesday June 06, 2023

The 30-share BSE Sensex closed up 5.41 points at 62792.88

Tuesday June 06, 2023

Maan Aluminium, ADF Foods, HBL Power, Force Motors and Munjal Showa, hit their fresh 52-week highs during the day.

Tuesday June 06, 2023

See exactly what happens is that if for example, customer has not paid rent for a long time then banks can open the locker as they had this power. But now they can open the locker but only in the presence of customer that has been clarified in this.

Tuesday June 06, 2023

We are very positive on financial services as a sector so that is one biggest sector wherein we have a large overweight.

Tuesday June 06, 2023

From the Sensex pack, UltraTech Cement and Kotak Bank were the top gainers, rising 2-3%.