The Indian market closed higher on Wednesday, with S&P BSE Sensex up over 150 points and Nifty50 above 17800 levels. The buying was seen in realty, capital goods, telecom, and power sectors but selling was visible in metals, oil & gas, energy, and healthcare sectors. KEI Industries stock surged up to 5.78% intraday and GSFC shares gained over 20%, while IPCA Laboratories stock fell more than 5% following investors’ negative reaction to the company’s purchase of a 33% share in Unichem Laboratories. Equity Research, CapitalVia Global Research recommends avoiding the latter stock and buying KEI and GSFC shares.
Sebi proposes tighter curbs on promotional claims by online bond platforms
Sebi is tightening the reins on advertising practices for online bond platforms, aiming to protect investors from hasty decisions. New rules mandate that promotional content