Page 1429 - Markets News
SAT sets aside Sebi's order to impose penalty on Bhushan Steel for lapses
The Securities Appellate Tribunal (SAT) has set aside a Sebi's order to impose a Rs 2 lakh penalty on Bhushan Steel Ltd, now known as Tata Steel BSL Ltd, for disclosure lapses
 "SAT sets aside Sebi's order to impose penalty on Bhushan Steel for lapses")
NMDC: A long-term play on steel cycle; may see decline in FY23 revenues
NMDC's formal demerger of the steel plant may be followed by an initial public offering, or the government could look for a stake sale
 "NMDC: A long-term play on steel cycle; may see decline in FY23 revenues")
Sebi issues notice to attach bank accounts of Sahara group's Subrata Roy
Move follows non-payment of dues amounting to Rs 6.42 crore levied for flouting regulatory norms
 "Sebi issues notice to attach bank accounts of Sahara group's Subrata Roy")
Santa rally on D-Street; Nifty tops 18K, Sensex gains 721 points
The Nifty reclaimed the 18,000 mark and ended the session at 18,014, a gain of 208 points or 1.1 per cent
 "Santa rally on D-Street; Nifty tops 18K, Sensex gains 721 points")
Sebi bans CFAS, its partners from mkts for 3 yrs for unauthorised services
Sebi on Monday barred Capproin Financial Advisory Services (CFAS) and its partners from the securities markets for three years for providing investment advisory services without the authorisation
 "Sebi bans CFAS, its partners from mkts for 3 yrs for unauthorised services")
NSE cautions investors against unauthorised people offering assured returns
The National Stock Exchange (NSE) on Monday asked the investors not to put their money in any assured returns-scheme offered by two individuals
 "NSE cautions investors against unauthorised people offering assured returns")
Sebi expands committees on cyber security and information systems
Last rejig of cyber security panel happened in September; decision to ramp up information systems panel follows difficulties faced by CDSL in settlement activities
Shares snap four-day losing streak; Sensex gains 1.2%, Nifty 50 up 1.17%
The Nifty 50 index closed 1.17% higher at 18,014.60, and the S&P BSE Sensex gained 1.20% to 60,566.42, marking their biggest daily gain since Nov. 24
 "Shares snap four-day losing streak; Sensex gains 1.2%, Nifty 50 up 1.17%")
Sensex snaps 4-day losing streak, ends 721 pts up; Nifty reclaims 18,000
CLOSING BELL: The NSE Nifty shut shop at 18,015, up 208 points. Broader indices outperformed the benchmarks with gains of up to 3 per cent.
 "Sensex snaps 4-day losing streak, ends 721 pts up; Nifty reclaims 18,000")
eClerx Services slips 7% on turning ex-date for buyback via tender offer
The company has proposed to buy back 1.71 million equity shares at a price of Rs 1,750 apiece via tender offer route
 "eClerx Services slips 7% on turning ex-date for buyback via tender offer")
Poonawala Fincorp surges 13% after a 15% decline in past four trading days
Motilal Oswal Financial Services recently initiated coverage on Poonawalla Fincorp with a 'buy' rating and a target price of Rs 350 per share
 "Poonawala Fincorp surges 13% after a 15% decline in past four trading days")
L&T gains 2% on 'significant' order wins for its water treatment business
The company did not disclose the exact value of the orders. The value of the project is between Rs 1,000 crore to Rs 2,500 crore, as per L&T
 "L&T gains 2% on 'significant' order wins for its water treatment business")
Sebi may prescribe higher net-worth needs for qualified stockbrokers
Regulator's approach being looked at as similar to one of different layers of NBFCs specified by RBI
Indigo, SpiceJet: After a dismal 2022, will aviation stocks soar in 2023?
Indigo and SpiceJet shares must surpass these key hurdles to embark on a new trend.
 "Indigo, SpiceJet: After a dismal 2022, will aviation stocks soar in 2023?")
Will primary market investors remain steadfast in 2023?
Global headwinds forced India's primary market activity to take a backseat with new listings falling by around 50% from 2021. Will retail IPO investors remain energetic in 2023?
 "Will primary market investors remain steadfast in 2023?")
Dreamfolks hits new low, falls 35% from listing price on Covid-19 fears
With Monday's decline, the stock corrected 35 per cent from its listing day high value of Rs 550
 "Dreamfolks hits new low, falls 35% from listing price on Covid-19 fears")
NDTV gains 5% as founders plan to sell 27.26% stake to Adani group
On Friday, founders Prannoy Roy and Radhika Roy said that they would sell 27.26 per cent out of their 32.26 per cent shareholding in the news broadcaster to the Adani Group
 "NDTV gains 5% as founders plan to sell 27.26% stake to Adani group")
Usha Martin surges 13% on heavy volumes; stock nears record high
The counter saw combined trading volumes of nearly 3 million shares on the BSE and NSE in morning trades so far.
 "Usha Martin surges 13% on heavy volumes; stock nears record high")
Trend to remain positive for Gold above Rs 54,040; Silver 66,940
On the upside, Gold futures are likely to counter some resistance around Rs 55,150, Silver around Rs 70,250.
 "Trend to remain positive for Gold above Rs 54,040; Silver 66,940")
Thanks to Adani, India to rank among 2022's best-performing stock markets
A solid run of earnings buoyed key Indian benchmarks to record levels, making the market larger than the UK