Reseñas

Domestic wheat prices, which had crashed by more than 6% last week after the FCI’s announcement that it would be selling the grain in the open market, are expected to decline further after the movement of wheat from the FCI warehouses starts, said wheat processors.

“Options data suggests a broader trading range in between 17200 to 18200 zones while an immediate trading range in between 17350 to 17900 zones due to higher volatility,” Chandan Taparia, Analyst-Derivatives at Motilal Oswal Financial Services Limited, said.

Stocks that were in focus include names like ITC which was up nearly 5%, KPIT Technologies which gained nearly 6%, and Jindal Saw which closed with gains of over 7% to hit a fresh 52-week high on Thursday.

Prices of multiple bonds issued by different companies of the Adani Group fell sharply on Thursday, a day after flagship Adani Enterprises dramatically announced the withdrawal of its follow-on public offer (FPO) worth ₹20,000 crore late Wednesday. The issue got full subscription, although the stock has since plunged nearly 50% Continue Reading

“Applicable rate of margin shall be 50% or existing margin, whichever is higher, subject to maximum rate of margin capped at 100% w.e.f (with effect from) Feb 6, 2023 on all open positions as on Feb 3, 2023 and new positions created from Feb 6, 2023,” the exchange said in Continue Reading

Exchanges is in the process of putting together the trading activity that has happened in Adani companies over the last few days. They will submit their findings to the regulator. “Any unusual trading will be examined by the stock exchanges,” said the person quoted above.

On Thursday, Adani Ports fell 6.1%, Adani Power and Adani Wilmar declined 5% each, Adani Transmission, Adani Green Energy and Adani Total Gas dropped 10% each. ACC ended almost unchanged over the previous day and Ambuja Cements jumped 5.3% after the Adani Group clarified that no shares of either of Continue Reading

The dollar has fallen because aggressive interest rate hikes by the U.S. Federal Reserve are no longer expected, whereas other major economies are continuing with bigger rate increases even as inflation has eased.

The most direct action the government can take in that direction is what we have done through capital expenditure. There are possible global headwinds. That is one of the reasons we have chosen to go with a large expansion of capital expenditure so that even if there is an amount Continue Reading

“The central bank has asked all lenders to submit exposure data related to the Adani Group,” a senior banker in the know said. “Due to the turmoil in the stocks, the RBI wants to assess if this could lead to a potential problem for the banking system. They are also Continue Reading