Page 112 - Latest Updates on Stock Market
Sebi to curb finfluencers to help investors get accurate, unbiased info
Under the proposal, finfluencers need to be registered with Sebi and adhere to specific guidelines
 "Sebi to curb finfluencers to help investors get accurate, unbiased info")
BSE changes Jio Financial Services stock price band to 20% from 5%
A circuit filter mechanism is used by BSE to keep in check excessive volatility in a scrip. It is the maximum fluctuation that is allowed in a stock in a day
 "BSE changes Jio Financial Services stock price band to 20% from 5%")
Sensex soars 556 pts, Nifty tops 19,400; Metal index rallies 3%, Auto 2%
Closing Bell on September 1, 2023: In the broader markets, the BSE MidCap and SmallCap indices added 0.75 per cent each
 "Sensex soars 556 pts, Nifty tops 19,400; Metal index rallies 3%, Auto 2%")
Aug auto sales: Maruti scales new high; M&M m-cap nears Rs 2 trillion
Maruti Suzuki (up 4% at Rs 10,390) and M&M (up 2% at Rs 1,604.55) hit their respective new highs, and rallied up to 9% in the past five days as compared to a less than 1% rise in the S&P BSE Sensex.
 "Aug auto sales: Maruti scales new high; M&M m-cap nears Rs 2 trillion")
Foreign investors snap up India stocks while fleeing most EMs in August
Global funds purchased $1.6 billion of Indian shares on a net basis last month through Aug 30, that's even as they withdrew a combined more than $6 billion from Taiwan, South Korea and Indonesia
 "Foreign investors snap up India stocks while fleeing most EMs in August")
Kalyan Jewellers hits record high in subdued market; zooms 134% in 3 months
The management is upbeat about the upcoming new showroom launches and said they are gearing up with fresh collections and campaigns for the upcoming festive and wedding season across the country
 "Kalyan Jewellers hits record high in subdued market; zooms 134% in 3 months")
Adani family's partners used 'opaque' funds to invest in its stocks: OCCRP
Citing review of files from multiple tax havens, internal Adani Group emails, OCCRP said investigation found at least 2 cases where investors bought and sold Adani stock via offshore structures
 "Adani family's partners used 'opaque' funds to invest in its stocks: OCCRP")
Gokaldas Exports shares settle 18% higher; hit 52-week high for 2nd day
The stock of the company opened on a bullish note at Rs 780, then gained further ground and rallied 18.68 per cent to close at Rs 873.85 apiece on the BSE
 "Gokaldas Exports shares settle 18% higher; hit 52-week high for 2nd day")
Rs 60,000 crore & counting: Large deals climb to record high in August
The surge in activity comes even as the benchmark Nifty50 has come off by over 3 per cent from its highs on July 20
 "Rs 60,000 crore & counting: Large deals climb to record high in August")
LT Foods, KRBL, Chaman Lal, GRM slide up to 6% on basmati rice export curbs
KRBL, GRM Overseas and Chaman Lal Setia, meanwhile, dropped over 3 per cent, 4 per cent and 6 per cent, respectively, to their respective intra-day lows
 "LT Foods, KRBL, Chaman Lal, GRM slide up to 6% on basmati rice export curbs")
China halves stamp duty on stock trades to boost struggling market
Along with the finance ministry move, CSRC is rolling out measures to shore up market confidence in investing in listed companies
 "China halves stamp duty on stock trades to boost struggling market")
Markets to focus on macro data, foreign investors activity: Analysts
Marketmen will also focus on the Annual General Meeting of Reliance Industries Ltd which will be held on Monday
 "Markets to focus on macro data, foreign investors activity: Analysts")
Ant Group sells 3.6% stake in Paytm for Rs 2,037 cr via open market
In January this year, Alibaba's affiliate Alibaba Singapore E-commerce divested a nearly 3 per cent stake in mobile payments and financial services company for Rs 1,031 crore
 "Ant Group sells 3.6% stake in Paytm for Rs 2,037 cr via open market")
Sensex slides 366 pts, extends losing run to 5-weeks; Nifty tests 19,250
CLOSING BELL ON AUGUST 25, 2023: The BSE benchmark has shed 2.7 per cent or 1,797 points in the last five straight weeks. HDFC Bank, Larsen & Toubro and ITC were the major laggards on Friday.
 "Sensex slides 366 pts, extends losing run to 5-weeks; Nifty tests 19,250")
Jindal Steel, JSW, Vedanta: Nifty Metal dips over 1% on China slowdown woes
Jindal Steel, Welspun Corp, JSW Steel, and Vedanta led the losses, dropping 2 per cent each. NMDC, National Aluminium, Hindalco, Jindal Stainless, Tata Steel and SAIL lost up to 1.5%
 "Jindal Steel, JSW, Vedanta: Nifty Metal dips over 1% on China slowdown woes")
VST Tillers soars 14% on pact with US firm to develop electric power tiller
The company has entered into a Master Service agreement with US-based Solectrac Inc. to jointly develop electric power tiller and other agricultural machineries
 "VST Tillers soars 14% on pact with US firm to develop electric power tiller")
Syrma hits new high on 1-yr lock-in expiry; more than doubles since listing
The stock, which listed a year ago on August 26, 2022, has surged nearly 2.5 times (143 per cent) from its issue price of Rs 220. On its debut day, the stock had closed with a 41 per cent gain
 "Syrma hits new high on 1-yr lock-in expiry; more than doubles since listing")
Hindenburg 2.0? Soros-backed OCCRP said to be planning another 'expose'
The identity of the corporate house wasn't immediately known but agencies are said to be keeping a tight vigil on the capital market
Paytm shareholder Antfin to sell 3.6% stake via block deal: Report
The floor price for the sale is set at 880 rupees per share, the report added, which is a 2.7% discount on Paytm's last closing price of 904.45 rupees
 "Paytm shareholder Antfin to sell 3.6% stake via block deal: Report")
Sebi imposes Rs 20 lakh fine on SIMR for flouting regulatory norms
The Securities and Exchange Board of India (Sebi) conducted an examination of SIMR before issuing a show cause notice on July 11, 2023, for alleged violations