Big Movers on D-St: What should investors do with Paytm, Policybazaar and Zomato?
On the chart, it was struggling to stay above the level of Rs 50. A breakout occurred in last session, and it jumped by 10% in one day while also managing to close above the Rs 51 level. It is also trading above the 30-Day EMA at the moment, which is encouraging for the continuation […]
Dollar flat after Fed official comments; focus on CPI data next week
The report raised expectations that the Fed might go back to an aggressive monetary policy stance, but Powell did not lean further into that argument in his speech on Tuesday. Meanwhile, the euro was up 0.04% at $1.0713, off the one-month low of $1.067 it touched on Tuesday.
Adani stocks add to gains, regain Rs 49,000 cr in mcap
On Tuesday, the group’s total market capitalisation rose by ₹12,190 crore – the first increase since the sell-off in its stocks began on January 25 triggered by the adverse Hindenburg Research report that resulted in its value almost halving.
RBI widens G-securities lending, borrowing net
The new norms will essentially allow entities to borrow and lend government securities by paying or receiving a premium. The central bank will soon issue draft directions separately for stakeholder comments. Dealers said the new norms will make more people eligible to take a short position on government securities
Foreign travellers can use UPI platform
UPI for foreign travellers: UPI has become hugely popular for retail digital payments in India. It is now proposed to permit all inbound travellers (from G-20 countries) to India to use UPI for their merchant payments (P2M) while they are in the country, RBI governor Shaktikanta Das said on February 8, 2023.
‘Front-running probe at Axis MF unearths links to Dubai entities’
These sources added that as mandated, the trade information wasn’t reflected on the stock exchanges. This allowed the people, in turn, to use such information for ‘illicit gains’ in the stock market by trading in such scrips either in their own accounts or accounts of their clients, a source explained.
India banks sound, not lending on market cap: RBI Governor
Questions on banking exposure to the Adani Group have surfaced after a sharp fall in the companies’ shares earlier this month after US based Hindenburg Research accused the group of mis-governance. The group’s securities have since recouped some of their losses.