Stock Market Live March 24: Sensex jumps 800 pts, Nifty rebounds; technicals remain cautious
G R Infraprojects: Company bags massive Rs 2,440.87 crore NHAI order; secures letter of award for 82.4 km greenfield NH-33 Bihar project (Positive) Birla Corporation: RCCPL commissions third production line at Kundanganj unit on March 23 (Positive) IRFC: Company signs term loan agreement with Hindustan Urvarak & Rasayan Limited (HURL) for ₹12,842 cr refinancing. (Positive) […]
SEBI eases AIF winding-up norms, allows retention of proceeds in select cases
The regulator has introduced a new category of ‘inoperative funds’ for AIFs that are in the process of winding up but unable to fully close due to such residual issues The Securities and Exchange Board of India (SEBI) on Monday eased winding-up norms for Alternative Investment Funds (AIF) Regulations and surrendering registration. Under the revised […]
Trenzet Infra files papers with SEBI to raise funds via IPO
IPO (initial public offering) | Photo Credit: Ildo Frazao Railway-focused EPC player Trenzet Infra Ltd has filed preliminary papers with capital markets regulator SEBI to raise funds through an initial public offering (IPO). The proposed IPO is a combination of a fresh issue of 1.05 crore shares and an offer for sale (OFS) of 18 […]
West Asia conflict, crude oil prices to steer stock markets in holiday-shortened week: Analysts
Developments related to the ongoing conflict in West Asia and its impact on crude oil prices will continue to rule investors’ sentiment in a holiday-shortened week ahead, analysts said. Besides, trends in global markets, trading activity of foreign investors and rupee-dollar movement would also drive momentum in equities. Stock markets would remain closed on Thursday […]
Index Outlook: Failed Attempt
Nifty 50, Sensex and the Nifty Bank index witnessed a very good bounce in the first half last week. But the sharp fall in HDFC Bank share price on Thursday played a spoilsport. The benchmark indices fell giving away all the gains to close the week in red. On the charts, there is room for […]
JP Morgan Chase resolves SEBI probe into FPI classification lapses
American multinational bank JP Morgan Chase settled with capital markets regulator SEBI a case related to alleged violation of FPI rules after paying Rs 34.42 lakh towards settlement charges. The settlement order came after the bank filed a suo-motu settlement application with SEBI proposing to settle by “neither admitting nor denying the findings of facts […]
Broker’s Call: Hindustan Zinc (Buy)
Target: ₹668 CMP: ₹514.80 Since our initiation coverage, the stock price of Hindustan Zinc witnessed a sharp rally, delivering about 50 per cent returns, primarily driven by a significant increase in silver prices, which has a disproportionate impact on profitability, as silver is a by-product of lead production and a large portion of its revenues […]
Government expands CBG scheme to boost gas supply and cut LNG imports
Amid rising tensions in West Asia disrupting energy supplies, the government has expanded the CBG-CGD Synchronisation Scheme to allow compressed biogas injection into gas pipelines | Photo Credit: The Hindu As conflict intensifies in West Asia, throttling energy supplies, the government has expanded the scope of the CBG-CGD Synchronisation Scheme to include the injection of […]
HDFC Bank Share Price LIVE: HDFC shares plunge after part-time chairman resigns on ‘ethical’ concerns
Atanu Chakraborty DFC Bank stocks today, HDFC Bank share price LIVE updates: Shares of HDFC Bank fell as much as 8.7% on Thursday, after India’s second-largest lender said its part-time chairman Atanu Chakraborty resigned citing differences over “values and ethics”, which has raised governance concerns. Former bureaucrat Chakraborty was appointed as HDFC ban’s part-time chairman […]
JBM Auto, Olectra Greentech, Ather Energy, Ola Electric shares zoom on optimistic EV growth outlook
Electric vehicle-related stocks JBM Auto, Ather Energy, Ola Electric Mobility and Olectra Greentech rallied sharply on Wednesday, defying broader weakness in the market as investors bet that persistently high crude oil prices could accelerate the shift toward electric mobility. JBM Auto settled 19 per cent higher at ₹585.30 on the BSE. Olectra rallied over 17 per […]
