Sebi warns brokers against unregulated financial influencers
The Securities and Exchange Board of India (Sebi) said in a consultation paper that influencers not registered with the relevant financial sector regulator might not have the requisite qualifications or expertise on the subject.
Regulator eyes boosting NRI, OCI investments via FPI route in Indian markets
Under the current rule, an FPI applicant cannot be a Non-resident Indian (NRI) or OCI. However, NRIs or OCIs or Resident Indian individuals (RIIs) can be constituents of the applicant after meeting the conditions specified by Sebi
These 12 stocks touched their 52-week high, gaining up to 105% in a month
The 52-week high holds notable significance for specific traders and investors, serving as an essential technical gauge to evaluate a stock’s current value and anticipate potential changes in its price
Treasury selloff drives key 5-year yield to highest since 2008
The moves were relatively muted, given the recent volatility in the bond market. But they underscored the growing conviction that the Fed is likely to keep monetary policy tight to prevent the resilient economy from reigniting inflation.
JSW Steel to pick up 20%-40% stake in Teck’s coal unit: Report
India’s biggest steel producer intends to bid for 20% to 40% of Elk Valley Resources Ltd., a unit of the Canadian company, Jindal said. JSW, along with some Japanese and South Korean mills, is planning to buy a stake in the asset and a combined offer could value the unit at $8 billion, he said
Motilal Oswal MF buys stake in Jio Financial for Rs 754 crore in bulk deal
The domestic fund house has bought 3.72 crore shares in Jio Financial Services. After hitting multiple lower circuits in the previous sessions, Jio Financial shares jumped nearly 4% earlier on Friday. In about five sessions, including Friday’s low, the stock had lost about 23%, due to continued selling by passive funds
Mapping moon madness: Rs 615 crore Chandrayaan-3 creates Rs 31,000 crore stock rally
In the first four trading days of the week, the combined market capitalisation of a group of 13 space-related stocks has skyrocketed by over Rs 30,700 crore. Shares of the little-known smallcap company Centum Electronics, which supplied critical modules and systems to ISRO for Chandrayaan-3, have zoomed 26% in the week.
Declining costs, robust demand to support Indian Inc earnings: Moody’s
Earnings before interest, taxes, depreciation and amortisation (EBITDA) of Indian companies rated by Moody’s will grow 5%-10% over the next two years as prices of key raw materials like crude oil and coking coal retreat from 2022-highs, it said in a note dated Thursday.
Jio Financial removal from Sensex, other indices deferred by another 3 days
”Additionally, should JFSL not hit the lower circuit limit on either of the next 2 days, but hits the lower circuit limit on the 3rd day, the removal of JFSL from all the S&P BSE Indices will be postponed,” BSE Indices said.
Chart Check: CRISIL breaks out from a 1-year-old Cup and Handle pattern on weekly charts; time to buy?
The stock witnessed a corrective phase after it touched a high of Rs 3860 on 2 May 2022. The stock underwent a period of consolidation and found support above Rs 2700 in December before bouncing back.