Markets News

Brokers including Zerodha and Angel One pay ₹1 lakh each to settle case over links with algo platforms that claimed guaranteed or consistent returns

Tribunal modifies Sebi order, restrains firm from onboarding new clients for one year instead of cancelling registration over compliance lapses

Sensex and Nifty 50 rallied more than 1 per cent today, building on gains of the past two trading sessions, amid a firm trend in global markets

Nifty IT index: Today's rebound in IT stocks followed a sharp decline over the past six sessions, during which the index had lost 4.6 per cent

Sebi has levied penalties totalling Rs 2.8 crore on 18 entities as well as barred them from securities markets for up to five years for manipulating the share prices of Retro Green Revolution Ltd (RGRL). Besides, the regulator has directed 15 of these entities to disgorge the total unlawful gains worth Rs 2.94 crore, along with 12 per cent interest per annum from December 31, 2021, till the date of payment. The amount is to be deposited in Sebi's Investor Protection and Education Fund within 45 days. In its 61-page order passed on Tuesday, the regulator found that the entities were part of a premeditated scheme to artificially jack up the price of an illiquid scrip of RGRL and lure gullible investors. Sebi observed that the scheme involved trading among connected entities to create artificial volumes in a thin stock, followed by circulating tips/ stock recommendations through a Telegram channel. The noticees no 1 to 6, including Sanjay Arunkumar Choksi, had indulged in creating a

HDFC Securities has initiated coverage on ASK Automotive with 'Add' rating, saying long-term potential will beat near-term volatility. The brokerage said that it sees an upside of 19 per cent

Utsav Verma of Choice Institutional Equities said that long-term investors should deploy funds in a staggered manner in sectors with stronger earnings visibility

BSE share price: Sunny Agrawal of SBI Securities said that BSE's options premium turnover has jumped consistently over the last few months despite the regulatory interventions

IT stocks to buy: ICICI Securities has upgraded Coforge to 'BUY' from 'Hold'; Mphasis to 'Buy' from 'Add', based on their attractive valuation and healthy revenue growth visibility

Redington share price today: Redington shares are under pressure after the company said that its step-down subsidiary, Redington Gulf FZE, is operating in a restricted manner in the Gulf region

Stock to buy today: ICICI Securities has upgraded its rating on KFin Technologies to 'Buy' from 'Add'. The brokerage has set a target price of ₹1,050

Prices were mixed before the outage, with copper up 0.6 per cent and aluminum down 1.3 per cent

Experts suggest that investors may consider initiating SIPs in diversified equity schemes such as multi-cap or flexi-cap funds amid market downtrend

IDBI Bank share price today: The sell-off comes amid reports that the government could scrap the divestment plan after bids fell short of the reserve price

Stock to buy: Himadri Speciality Chemicals is a constituent of the Nifty Smallcap 100 index. Brokerage firm Angel One has intitiated 'Buy' coverage for an upside of 25 per cent

Rising input costs, export risks to the Middle East and fears of gas supply disruptions weigh on Indian auto stocks amid the escalating Iran conflict

IFCI share price today: IFCI shares zoomed as much as 11 per cent in trade today after the NSE appointed a record 20 merchant bankers for its long-awaited IPO

Vodafone Idea share price target: HDFC Securities has recommended 'Buy' and add on dips on Vi stock in the band of ₹8 to ₹9, with a fair value (target price) of ₹12

Stock market crash today: With today's sharp decline, the BSE Sensex has lost more than 2,300 points, while the NSE Nifty has dipped over 700 points

Tata stock to buy: Axis Direct believes that Voltas can outperform the industry with a positive trend in the market share. It has recommended a 'Buy' rating on the stock