Day: February 4, 2023

Surveillance measures in place: SEBI on crash in Adani stocks

​​”As part of its mandate, SEBI seeks to maintain orderly and efficient functioning of the market and has put in place a set of well defined, publicly available surveillance measures (including the ASM framework) to address excessive volatility in specific stocks. This mechanism gets automatically triggered under certain conditions of price volatility in any stock,” […]

Budget’s objective was to keep the growth momentum alive: Nirmala Sitharaman

The prime minister has a lot of involvement every year in every Budget and the planning that is done by the finance ministry is interacted with the PM at least three-four times. Intensive interaction is done to explain as to what will be the impact, of that in India’s economy. All these topics are discussed […]

FM on Adani row: Regulators will take own actions

“​It’ll be regulators who’ll do their job. RBI made statement, prior to that banks, LIC came out & told about their exposure (to Adani group). Regulators independent of govt, they’re left to themselves to do what is appropriate so market is well regulated. So the regulators will do their jobs,” said Sitharaman in a press […]

3 stocks Rajesh Palviya is betting on for next week

If at all stock crosses above 580 level then it will again resume its uptrend which we have witnessed earlier part of this year. So looking at the overall setup, we are bullish on SBI also with a stop loss of 530. Bank of Baroda is another stock which we feel that upside can be […]

Adani flagship shelves $122 million bond plan after market rout

The flagship firm of Indian billionaire Gautam Adani’s empire had planned the public note issuance for January, working with Edelweiss Financial Services Ltd., AK Capital, JM Financial, and Trust Capital, Bloomberg had reported in December. But activity has now stopped, according to the people, who asked not to be identified because the matter is private.

2 sectors Kunj Bansal is bullish on for medium term

But given the way the numbers have been improving, I think the numbers for PSU banks are likely to continue to improve. At some point of time, whenever we see stability in the market, we will see the buying interest coming back in the PSU banks and as a result, we can see them start […]