Economy

Sebi bans fresh inflows into AIF schemes making ‘priority distribution’

The Securities and Exchanges Board of India (Sebi) has asked Alternate Investment Funds (AIFs) not to accept any fresh investments in schemes that have adopted a priority distribution model, which benefits one class of investors at the cost of others. The regulator has also prohibited such schemes from investing in a new company. According …

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RHI Magnesita extends rally, zooms 36% in one week; stock hits record high

Shares of RHI Magnesita India hit a record high of Rs 835.40 on the BSE on Wednesday after they surged 19 per cent in the intra-day trade, zooming 29 per cent in three days, after the company announced acquisition of the Indian refractory business of Dalmia. Bharat Refractories Limited (DBRL) for Rs 1,708 crore. The …

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Stock of this beaten down fintech company zoomed 20% today on heavy volumes

Shares of Fino Payments Bank were locked in the 20-per cent upper circuit at Rs 230.70 per share in Wednesday’s trade amid heavy volumes. The average trading volumes on the counter jumped over three-fold as around 4.73 million shares changed hands on the NSE and BSE. Fino Payments Bank made a stock market debut …

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Adani Enterprises falls 3% as board to mull fund-raise on November 25

Shares of Adani Enterprises, the flagship company of Adani Group, were down 3 per cent to Rs 3,895 on the BSE in Wednesday’s intra-day trade after the company announced that its board will meet on Friday, November 25, to consider capital raising options. “A meeting of the board of directors of Adani Enterprises will be …

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Technical glitch on NDS-OM holds up trade in govt bonds for over one hour

A technical glitch in the Clearing Corporation of India (CCIL) caused volumes in the country’s government bonds Market to dry up in the initial hours of business on Wednesday. According to bond traders, the Reserve Bank of India’s Negotiated Dealing System-Order Matching (NDS-OM) platform suffered technical issues between 9:05 am and 10:08 am IST, …

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HUDCO hits 52-week high on stable outlook; stock up 40% so far in November

Shares of Housing & Urban Development Corporation (HUDCO) surged 5 per cent to hit a 52-week high of Rs 50.65 per share in Wednesday’s intra-day trade. So far in the month of November, the stock of this state-owned financial institution company has zoomed 40 per cent on stable outlook. In comparison, the S&P BSE Sensex …

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Fertilizer shares in focus: RCF, GNFC, GSFC, NFL, Chambal surge up to 12%

Shares of fertilizer companies were in focus as they rallied up to 12 per cent in Wednesday’s intra-day trade amid heavy volumes on hopes of healthy demand. Shares of Rashtriya Chemicals & fertilizers (RCF) fertilizers (NFL), Gujarat State fertilizers & Chemicals (GSFC), Gujarat Narmada Valley Fertilizers & Chemicals (GNFC), Chambal Fertilizers & Chemicals and Zuari …

Fertilizer shares in focus: RCF, GNFC, GSFC, NFL, Chambal surge up to 12% Read More »

Nykaa dips 3% a day after CFO Arvind Agarwal quits; stock nears record low

Shares of Nykaa Parent company – FSN E-Commerce Ventures dipped 3 per cent to Rs 169.30 on the BSE a day after the company’s chief financial officer (CFO) Arvind Agarwal resigned. Agarwal will leave the company and step down from his role on November 25, the beauty e-retailer said in a regulatory filing on Tuesday …

Nykaa dips 3% a day after CFO Arvind Agarwal quits; stock nears record low Read More »

Nifty may resume up trend; BUY MAS Finance, GMM Pfaudler, says Vinay Rajani

Nifty View The Nifty has been finding support around the previous breakout levels of 18,100. The Nifty is still in the gap area of ??18,103- 18,259, which was formed on November 11, 2022. These gaps sometime acts as a strong reversal point, considering when few more technical rationales also support the probable bullish …

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