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(Photo credits: harshadmehta.in)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-07-28T05:40:00+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eHarshad Mehta was frequently referred to as the Big Bull or the Amitabh Bachchan of Dalal Street\u003c/li\u003e\n \u003cli\u003eHe managed to influence equities by unlawfully collecting money from many banks using fake bank receipts\u003c/li\u003e\n \u003cli\u003eHis downfall began when it was revealed that SBI had Rs 500 crore missing from its accounts\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1658953937111,\\\"strCount\\\":6906,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/english/who-was-harshad-mehta\\\\\\\"\u003eHarshad Mehta\u003c/a\u003e also known as the 'Big Bull' had become a popular figure on Dalal Street in the early 90s until being charged with a securities scam in 1992, thereby ending his bull run.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"As a result of his extravagant lifestyle after rising to the rank of a celebrity stockbroker, Harshad Mehta was frequently referred to as the \\\\\\\"Big Bull\\\\\\\" of Dalal Street or the \\\\\\\"Amitabh Bachchan\\\\\\\" of the Indian \u003ca href=\\\\\\\"https://opoyi.com/topic/stockmarket\\\\\\\"\u003estock market\u003c/a\u003e.\u0026nbsp;The securities scam of 1992 was worth nearly Rs 4,000 crore\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/harshad-mehtas-wife-jyoti-presents-his-side-of-story-on-new-website-says-family-victim-of-tax-terrorism\\\\\\\"\u003eHarshad Mehta's wife Jyoti brings Big Bull's side of story to light\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Harshad Mehta effectively managed to influence equities by unlawfully collecting money from many banks using fake bank receipts, as several financial journalists who covered the scandal recall. He set up a vicious circle of fraud that included large names like the State Bank of India (SBI) and the National Housing Bank (NHB).\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/how-to-survive-a-market-crash\\\\\\\"\u003eHow to survive a market crash\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Large-scale modifications were made to the stock market, including a shorter settlement cycle, a minimum balance requirement, and online transactions, among other things.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The fraud, however, consisted of more than simply that. Mehta had also exploited flaws in the country's banking system.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/who-is-jyoti-mehta\\\\\\\"\u003eWho is Jyoti Mehta?\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Sensex rose from approximately 1,000 points to over 4,500 points between April 1991 and 1992. During this time, Harshad Mehta moved thousands of crores from banks into the stock market.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/great-depression-to-covid-top-5-market-crashes-in-american-history\\\\\\\"\u003eGreat Depression to COVID: Top 5 market crashes in American history\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"When the fraud was uncovered by veteran journalist Sucheta Dalal, it came to light how Harshad Mehta had manipulated stocks using banking loopholes. Shortly after the scam was discovered, the stock market had a massacre that severely harmed Mehta's assets.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Harshad Mehta's downfall began when it was revealed that \u003ca href=\\\\\\\"https://opoyi.com/topic/sbi\\\\\\\"\u003eSBI\u003c/a\u003e had Rs 500 crore missing from its accounts in the form of a Subsidiary General Ledger (SGL) at the RBI's public debt office.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"This inconsistency prompted the Janakiraman Committee, a Joint Parliamentary Committee created by the central bank, to conduct a more thorough inquiry.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/us-inflation-rate-at-a-40-year-high-a-timeline-1930-2022\\\\\\\"\u003eUS inflation rate at a 40-year high | A timeline: 1930-2022\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Harshad Mehta had formed strong relationships in the financial system throughout his climb during the 1980s. Mehta had taken a \\\\\\\"shortcut\\\\\\\" that the banks used while dealing in government securities, much like many other brokers at the time.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Although \u003ca href=\\\\\\\"https://opoyi.com/topic/rbi\\\\\\\"\u003eRBI\u003c/a\u003e norms required banks to engage directly with other banks in security transactions, they decided to depend on brokers since it was faster and easier. Many banks adopted a practice known as ready-forward deals (RFD) to improve the value of their government bond holdings. RFDs were secured, 15-day short-term loans given by one bank to another.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/how-india-can-fight-ransomware-attacks\\\\\\\"\u003eHow India can fight ransomware attacks\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The loans were made in exchange for government securities. As a result, the borrower bank was required to sell securities to the lending bank and then repurchase them at the end of the term at a somewhat higher price.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Harshad Mehta worked as a broker for a number of banks interested in dealing in government securities. He would act as a go-between for banks looking to sell or purchase securities, thereby benefiting himself.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/impact-of-us-feds-biggest-rate-hike-since-1994-on-india\\\\\\\"\u003eImpact of US Feds' biggest rate hike since 1994 on India\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Bank receipts (BRs) were issued at the time by borrower banks to lender banks eager to purchase securities. This meant that no real securities were exchanged, and only BRs were produced.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"For example, if one bank wanted to purchase and another wanted to sell securities, Harshad Mehta would contact both banks as a broker. The cycle grew as Mehta increased his dealings with several banks by using forged bank receipts.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"It should be emphasised that Harshad Mehta partnered with officials from the Bank of Karad and the Metropolitan Cooperative Bank to obtain fake bank receipts. Mehta utilised these fraudulent bank receipts to steal money from banks, which he subsequently redirected to the stock market.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/wall-street-enters-bear-market-what-does-it-mean-for-investors\\\\\\\"\u003eWall Street enters bear market: What does it mean for investors\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Following Sucheta Dalal's revelation, Mehta's investors lost trust in him, and a slew of investigating authorities, including the \u003ca href=\\\\\\\"https://opoyi.com/topic/cbi\\\\\\\"\u003eCBI\u003c/a\u003e, began looking into him. After spending three months in prison with his brother Ashwin Mehta, he hinted that securities fraud may be connected to a bigger issue.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Following the securities fraud, Harshad Mehta made numerous outrageous statements. One of the assertions was that he obtained government assistance from prominent people. He even claimed to have paid one crore rupees to then-Prime Minister PV Narasimha Rao. The allegations were never proven.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"He was later charged and convicted of diverting funds from the public sector Maruti Udyog Limited (MUL) to his own accounts, as well as misappropriating about Rs 2.5 billion. He was detained again by the CBI in 2001 for the latter offence and did not get bail till his death later that year.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/scam-1992-grabs-place-in-imdbs-top-10-indian-web-series-of-2020-list\\\\\\\"\u003e'Scam 1992' grabs place in IMDb's 'Top 10 Indian Web Series of 2020' list\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Many bank employees, brokerage firms, bureaucrats, and even politicians were implicated in the high-profile swindle. Numerous people, including R Sitaraman, who was the focal point of the irregularities at SBI, were found guilty on numerous charges of fraud.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Following the scam, the majority of Harshad Mehta's and his family's assets were seized by various agencies, and he was hit with massive income tax fines.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"More than 600 civil lawsuits were filed against Harshad Mehta and his family members in addition to 76 criminal charges. All criminal actions against Mehta were dropped shortly after his death in Tihar prison, but a large number of civil suits to recover debts from his family remain intact.\\\"}}]}","relatedPosts":null,"location":null,"createdBy":{"name":"Yash Sadhak Shrivastava","photo":"https://opoyi.com/images/opoyi_YTc6hxpHI.jpg?tr=w-600,q-70,dpr","username":"yashsadhak","id":"hVr8BLevnFNI","role":null},"topics":[{"name":"HarshadMehta","slug":"harshadmehta","id":"Kj2bTG7j1Jyt","isSection":0},{"name":"StockMarket","slug":"stockmarket","id":"vHCI0WQLTd1o","isSection":0},{"name":"SEBI","slug":"sebi","id":"3nLmnZjR2Qlg","isSection":0},{"name":"IncomeTax","slug":"incometax","id":"a4k43w03cK0B","isSection":0},{"name":"Nifty","slug":"nifty","id":"2JvkXElbbqnQ","isSection":0},{"name":"Sensex","slug":"sensex","id":"MhfKMlGWFTBF","isSection":0},{"name":"ShareMarket","slug":"sharemarket","id":"PkCsd9oT2rCN","isSection":0},{"name":"SBI","slug":"sbi","id":"oR8rR2OsbTVW","isSection":0},{"name":"CBI","slug":"cbi","id":"QukEgfyZhmT2","isSection":0},{"name":"indian","slug":"indian","id":"YTJpdaKq5t2z","isSection":0},{"name":"RBI","slug":"rbi","id":"mmhRjdCmZCj0","isSection":0},{"name":"PVNarasimharao","slug":"pvnarasimharao","id":"0nIiKNin1arF","isSection":0},{"name":"India","slug":"india","id":"Bq4MmUPrXF8p","isSection":1},{"name":"Business","slug":"business","id":"1hd39Bl2AdAV","isSection":1}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Yash Sadhak Shrivastava","id":"hVr8BLevnFNI","username":"yashsadhak","role":2,"userType":0}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-07-28T05:40:00+05:30","publisher":0,"sourceFeed":null,"cleanText":"Harshad Mehta also known as the 'Big Bull' had become a popular figure on Dalal Street in the early 90s until being charged with a securities scam in 1992, thereby ending his bull run. As a result of his extravagant lifestyle after rising to the rank of a celebrity stockbroker, Harshad Mehta was frequently referred to as the Big Bull of Dalal Street or the Amitabh Bachchan of the Indian stock market. The securities scam of 1992 was worth nearly Rs 4,000 crore,Also Read| Harshad Mehta's wife Jyoti brings Big Bull's side of story to light,Harshad Mehta effectively managed to influence equities by unlawfully collecting money from many banks using fake bank receipts, as several financial journalists who covered the scandal recall. He set up a vicious circle of fraud that included large names like the State Bank of India (SBI) and the National Housing Bank (NHB). Also Read| How to survive a market crash,Large-scale modifications were made to the stock market, including a shorter settlement cycle, a minimum balance requirement, and online transactions, among other things. The fraud, however, consisted of more than simply that. Mehta had also exploited flaws in the country's banking system. Also Read| Who is Jyoti Mehta?,Sensex rose from approximately 1,000 points to over 4,500 points between April 1991 and 1992. During this time, Harshad Mehta moved thousands of crores from banks into the stock market. Also Read| Great Depression to COVID: Top 5 market crashes in American history,When the fraud was uncovered by veteran journalist Sucheta Dalal, it came to light how Harshad Mehta had manipulated stocks using banking loopholes. Shortly after the scam was discovered, the stock market had a massacre that severely harmed Mehta's assets. Harshad Mehta's downfall began when it was revealed that SBI had Rs 500 crore missing from its accounts in the form of a Subsidiary General Ledger (SGL) at the RBI's public debt office. This inconsistency prompted the Janakiraman Committee, a Joint Parliamentary Committee created by the central bank, to conduct a more thorough inquiry. Also Read| US inflation rate at a 40-year high | A timeline: 1930-2022,Harshad Mehta had formed strong relationships in the financial system throughout his climb during the 1980s. Mehta had taken a shortcut that the banks used while dealing in government securities, much like many other brokers at the time. Although RBI norms required banks to engage directly with other banks in security transactions, they decided to depend on brokers since it was faster and easier. Many banks adopted a practice known as ready-forward deals (RFD) to improve the value of their government bond holdings. RFDs were secured, 15-day short-term loans given by one bank to another. Also Read| How India can fight ransomware attacks,The loans were made in exchange for government securities. As a result, the borrower bank was required to sell securities to the lending bank and then repurchase them at the end of the term at a somewhat higher price. Harshad Mehta worked as a broker for a number of banks interested in dealing in government securities. He would act as a go-between for banks looking to sell or purchase securities, thereby benefiting himself. Also Read| Impact of US Feds' biggest rate hike since 1994 on India,Bank receipts (BRs) were issued at the time by borrower banks to lender banks eager to purchase securities. This meant that no real securities were exchanged, and only BRs were produced. For example, if one bank wanted to purchase and another wanted to sell securities, Harshad Mehta would contact both banks as a broker. The cycle grew as Mehta increased his dealings with several banks by using forged bank receipts. It should be emphasised that Harshad Mehta partnered with officials from the Bank of Karad and the Metropolitan Cooperative Bank to obtain fake bank receipts. Mehta utilised these fraudulent bank receipts to steal money from banks, which he subsequently redirected to the stock market. Also Read| Wall Street enters bear market: What does it mean for investors,Following Sucheta Dalal's revelation, Mehta's investors lost trust in him, and a slew of investigating authorities, including the CBI, began looking into him. After spending three months in prison with his brother Ashwin Mehta, he hinted that securities fraud may be connected to a bigger issue. Following the securities fraud, Harshad Mehta made numerous outrageous statements. One of the assertions was that he obtained government assistance from prominent people. He even claimed to have paid one crore rupees to then-Prime Minister PV Narasimha Rao. The allegations were never proven. He was later charged and convicted of diverting funds from the public sector Maruti Udyog Limited (MUL) to his own accounts, as well as misappropriating about Rs 2.5 billion. He was detained again by the CBI in 2001 for the latter offence and did not get bail till his death later that year. Also Read| 'Scam 1992' grabs place in IMDb's 'Top 10 Indian Web Series of 2020' list,Many bank employees, brokerage firms, bureaucrats, and even politicians were implicated in the high-profile swindle. Numerous people, including R Sitaraman, who was the focal point of the irregularities at SBI, were found guilty on numerous charges of fraud. Following the scam, the majority of Harshad Mehta's and his family's assets were seized by various agencies, and he was hit with massive income tax fines. More than 600 civil lawsuits were filed against Harshad Mehta and his family members in addition to 76 criminal charges. All criminal actions against Mehta were dropped shortly after his death in Tihar prison, but a large number of civil suits to recover debts from his family remain intact.","portalUser":{"id":"kQKU5wG2FUA","name":"Opoyi Central","username":"opoyicentral","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_6k77dlSYd.jpg","role":2,"userType":1},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":null,"keywords":"Harshad Mehta,Dalal Street,SBI,CBI,the \"Big Bull\",the \"Amitabh Bachchan,Indian,the State Bank of India,the National Housing Bank,Sucheta Dalal,Mehta,Harshad Mehta's,RBI,the Janakiraman Committee,Joint Parliamentary Committee","originalPublishedOn":"2022-07-07T14:40:00+05:30"}},{"node":{"id":"YWjds0McC5Qq","slug":"english/harshad-mehtas-wife-jyoti-presents-his-side-of-story-on-new-website-says-family-victim-of-tax-terrorism","slugV2":"business/harshad-mehtas-wife-jyoti-presents-his-side-of-story-on-new-website-says-family-victim-of-tax-terrorism-695709/","title":"Harshad Mehta's wife Jyoti brings Big Bull's side of story to light","postType":1,"coverMedia":"/opoyi_NmF6T4lnk.jpg","coverCaption":"Harshad Mehta, a stockbroker, raised funds from banks and illegally invested the same in stocks listed on the Bombay Stock Exchange between April 1991 and May 1992. (Photo credits: harshadmehta.in)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-07-08T10:38:10+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eJyoti Mehta has launched a website aiming to explain her late husband's side of the story\u003c/li\u003e\n \u003cli\u003eThe Securities Scam remains one of the worst frauds committed on the Indian stock market till date\u003c/li\u003e\n \u003cli\u003eHarshad Mehta was a certified and well-known broker who regulators accused of manipulating the BSE\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1657256889380,\\\"strCount\\\":5128,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/business/who-was-harshad-mehta-695809/\\\\\\\"\u003eHarshad Mehta\u003c/a\u003e's wife \u003ca href=\\\\\\\"https://opoyi.com/english/who-is-jyoti-mehta\\\\\\\"\u003eJyoti Mehta\u003c/a\u003e has launched a website aiming to explain her late husband's side of the story as well as all the debate surrounding the 1992 Scam that shocked India's capital markets. The 'Securities Scam,' as it became known, was a Rs 4,000 crore scam and remains one of the worst frauds committed on the \u003ca href=\\\\\\\"https://opoyi.com/topics/indian/\\\\\\\"\u003eIndian\u003c/a\u003e stock market to date.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/harshad-mehta-scam-how-big-bull-shook-the-indian-stock-market-695774/\\\\\\\"\u003eHarshad Mehta scam: How Big Bull shook the Indian stock market\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The late Mehta was a certified and well-known broker who regulators accused of manipulating the Bombay Stock Exchange (BSE) alongside his colleagues by exploiting banking system flaws.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/great-depression-to-covid-top-5-market-crashes-in-american-history-694865/\\\\\\\"\u003eGreat Depression to COVID: Top 5 market crashes in American history\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Outlining the purpose behind the website's debut, Mehta's wife said, \\\\\\\"Since the media, movie and web series has (sic) kept him alive, I consider it to be my duty to defend him posthumously since all the facts have emerged and already got established, discovered, proved and become unimpeachable and most of which are in the form of orders passed by Hon’ble Courts and Tribunals.\\\\\\\"\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/us-inflation-rate-at-a-40-year-high-a-timeline-1930-2022-693306/\\\\\\\"\u003eUS inflation rate at a 40-year high | A timeline: 1930-2022\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The website publishes an explosive news report published in The Times of India in April 1992 that exposed the 'scam' and was disputed by both the Chairman and the General Manager of \u003ca href=\\\\\\\"https://opoyi.com/topics/sbi/\\\\\\\"\u003eSBI\u003c/a\u003e. Jyoti Mehta claims there was an attempt to weaken her husband, a famous trader at the time, and 'bring down the booming stock market' by instilling fear.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/how-india-can-fight-ransomware-attacks-260225/\\\\\\\"\u003eHow India can fight ransomware attacks\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Jyoti Mehta says that her family has been the primary victims of what she refers to as \\\\\\\"tax terrorism\\\\\\\" since 1993.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The website goes on to add, \\\\\\\"It is ironic that the allegations of criminal offences were made which does not concern the Income Tax department but the “State” used the IT department the most to foist upon us false, fabricated and patently illegal demands of about Rs30,000 crores spread over more than 2,200 proceedings. The discretionary powers under the IT Act have been grossly abused to raise such preposterous demands assessing us by more than 100 to 300 times of our actual incomes.\\\\\\\"\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/impact-of-us-feds-biggest-rate-hike-since-1994-on-india-680094/\\\\\\\"\u003eImpact of US Feds' biggest rate hike since 1994 on India\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Mehta stated that despite the fact that her husband was \\\\\\\"not proven guilty of claims brought against him,\\\\\\\" he has been maligned by the media, and that \\\\\\\"no cent is now payable to the banks.\\\\\\\"\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Jyoti Mehta also claimed that her husband's death in a Thane jail in 2001 was the result of a conspiracy.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"“He was absolutely hale and hearty and was just 47 years of age with no prior medical history of any heart ailment,” she wrote, adding that jail authorities neglected his complaint for “4 precious hours after he suffered the first heart attack at around 7 pm”.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/wall-street-enters-bear-market-what-does-it-mean-for-investors-141766/\\\\\\\"\u003eWall Street enters bear market: What does it mean for investors\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"One of the largest and most famous stock market scams in Indian history. The 'Security Scam,' as it was commonly called, was believed to be worth roughly Rs 3500 crores. Between April 1991 and May 1992, Harshad Mehta, a stockbroker, raised funds from banks and fraudulently invested them in equities listed on the Bombay Stock Exchange. As a consequence, the BSE Sensex increased by 274%, rising from 1,194 to over 4,500 points.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"As the markets proceeded to reach new highs, people began to look up to him as the 'Big Bull,' and began purchasing stocks in which he was investing. Consequently, many retail investors had made significant investments in equities. The State Bank of India (SBI) reported a shortage in government securities in August 1992. This prompted an inquiry, which revealed Harshad Mehta's Rs 3,500-crore scam.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/india/scam-1992-grabs-place-in-imdbs-top-10-indian-web-series-of-2020-list-129897/\\\\\\\"\u003e'Scam 1992' grabs place in IMDb's 'Top 10 Indian Web Series of 2020' list\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"He was sentenced to jail in 1992 and died there in 2001 as a result of a heart attack. After the crisis faded, it was discovered that many of Harshad's shares were traded in the market on his behalf by having them transferred to benami names. This generated severe worries regarding actual investors' interests. As a result, SEBI began the procedure of identifying investors using legal papers and taking proper caution while interacting with them.\\\"}}]}","relatedPosts":null,"location":null,"createdBy":{"name":"Yash Sadhak Shrivastava","photo":"https://opoyi.com/images/opoyi_YTc6hxpHI.jpg?tr=w-600,q-70,dpr","username":"yashsadhak","id":"hVr8BLevnFNI","role":null},"topics":[{"name":"HarshadMehta","slug":"harshadmehta","id":"Kj2bTG7j1Jyt","isSection":0},{"name":"SEBI","slug":"sebi","id":"3nLmnZjR2Qlg","isSection":0},{"name":"StockMarket","slug":"stockmarket","id":"vHCI0WQLTd1o","isSection":0},{"name":"IncomeTax","slug":"incometax","id":"a4k43w03cK0B","isSection":0},{"name":"Nifty","slug":"nifty","id":"2JvkXElbbqnQ","isSection":0},{"name":"Sensex","slug":"sensex","id":"MhfKMlGWFTBF","isSection":0},{"name":"ShareMarket","slug":"sharemarket","id":"PkCsd9oT2rCN","isSection":0},{"name":"scam","slug":"scam","id":"QCYPrRpXuhi6","isSection":0},{"name":"indian","slug":"indian","id":"YTJpdaKq5t2z","isSection":0},{"name":"SBI","slug":"sbi","id":"oR8rR2OsbTVW","isSection":0},{"name":"India","slug":"india","id":"Bq4MmUPrXF8p","isSection":1},{"name":"World","slug":"world","id":"iEhRQcab92b8","isSection":1},{"name":"Business","slug":"business","id":"1hd39Bl2AdAV","isSection":1}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Yash Sadhak Shrivastava","id":"hVr8BLevnFNI","username":"yashsadhak","role":2,"userType":0}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-07-08T10:38:07+05:30","publisher":0,"sourceFeed":null,"cleanText":"Harshad Mehta's wife Jyoti Mehta has launched a website aiming to explain her late husband's side of the story as well as all the debate surrounding the 1992 Scam that shocked India's capital markets. The 'Securities Scam,' as it became known, was a Rs 4,000 crore scam and remains one of the worst frauds committed on the Indian stock market to date. Also Read| Harshad Mehta scam: How Big Bull shook the Indian stock market,The late Mehta was a certified and well-known broker who regulators accused of manipulating the Bombay Stock Exchange (BSE) alongside his colleagues by exploiting banking system flaws. Also Read| Great Depression to COVID: Top 5 market crashes in American history,Outlining the purpose behind the website's debut, Mehta's wife said, Since the media, movie and web series has (sic) kept him alive, I consider it to be my duty to defend him posthumously since all the facts have emerged and already got established, discovered, proved and become unimpeachable and most of which are in the form of orders passed by Hon’ble Courts and Tribunals. Also Read| US inflation rate at a 40-year high | A timeline: 1930-2022,The website publishes an explosive news report published in The Times of India in April 1992 that exposed the 'scam' and was disputed by both the Chairman and the General Manager of SBI. Jyoti Mehta claims there was an attempt to weaken her husband, a famous trader at the time, and 'bring down the booming stock market' by instilling fear. Also Read| How India can fight ransomware attacks,Jyoti Mehta says that her family has been the primary victims of what she refers to as tax terrorism since 1993. The website goes on to add, It is ironic that the allegations of criminal offences were made which does not concern the Income Tax department but the “State” used the IT department the most to foist upon us false, fabricated and patently illegal demands of about Rs30,000 crores spread over more than 2,200 proceedings. The discretionary powers under the IT Act have been grossly abused to raise such preposterous demands assessing us by more than 100 to 300 times of our actual incomes. Also Read| Impact of US Feds' biggest rate hike since 1994 on India,Mehta stated that despite the fact that her husband was not proven guilty of claims brought against him, he has been maligned by the media, and that no cent is now payable to the banks. Jyoti Mehta also claimed that her husband's death in a Thane jail in 2001 was the result of a conspiracy. “He was absolutely hale and hearty and was just 47 years of age with no prior medical history of any heart ailment,” she wrote, adding that jail authorities neglected his complaint for “4 precious hours after he suffered the first heart attack at around 7 pm”. Also Read| Wall Street enters bear market: What does it mean for investors,One of the largest and most famous stock market scams in Indian history. The 'Security Scam,' as it was commonly called, was believed to be worth roughly Rs 3500 crores. Between April 1991 and May 1992, Harshad Mehta, a stockbroker, raised funds from banks and fraudulently invested them in equities listed on the Bombay Stock Exchange. As a consequence, the BSE Sensex increased by 274%, rising from 1,194 to over 4,500 points. As the markets proceeded to reach new highs, people began to look up to him as the 'Big Bull,' and began purchasing stocks in which he was investing. Consequently, many retail investors had made significant investments in equities. The State Bank of India (SBI) reported a shortage in government securities in August 1992. This prompted an inquiry, which revealed Harshad Mehta's Rs 3,500-crore scam. Also Read| 'Scam 1992' grabs place in IMDb's 'Top 10 Indian Web Series of 2020' list,He was sentenced to jail in 1992 and died there in 2001 as a result of a heart attack. After the crisis faded, it was discovered that many of Harshad's shares were traded in the market on his behalf by having them transferred to benami names. This generated severe worries regarding actual investors' interests. As a result, SEBI began the procedure of identifying investors using legal papers and taking proper caution while interacting with them.","portalUser":{"id":"MK3GmgLG7wo1","name":"Opoyi Business","username":"OpoyiBusiness","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_D6026Kum9dg.jpg","role":2,"userType":1},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":null,"keywords":"Jyoti Mehta,Harshad Mehta's,Indian,Mehta,the Bombay Stock Exchange,India,Hon’ble Courts and Tribunals,The Times of India,SBI,Income Tax,the IT Act,Harshad Mehta,The State Bank of India,Harshad","originalPublishedOn":"2022-07-07T13:20:00+05:30"}},{"node":{"id":"2npcwKV9Drwk","slug":"english/who-is-jyoti-mehta","slugV2":"business/who-is-jyoti-mehta-695844/","title":"Who is Jyoti Mehta?","postType":1,"coverMedia":"/opoyi_9sOUK-u1i.jpg","coverCaption":"Harshad Mehta, a stockbroker, raised funds from banks and illegally invested the same in stocks listed on the Bombay Stock Exchange between April 1991 and May 1992. (Photo Credit: harshadmehta.in)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-07-07T16:20:00+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eJyoti Mehta launched a website in a bid to explain her late husband’s side of the story\u003c/li\u003e\n \u003cli\u003eHarshad Mehta married Jyoti in Ghatkopar, Mumbai on May 17, 1977\u003c/li\u003e\n \u003cli\u003eShe had to face many legal issues due to Securities Scam 1992\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1657190423374,\\\"strCount\\\":2832,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Jyoti Mehta, wife of the infamous stock market bull \u003ca href=\\\\\\\"https://opoyi.com/business/who-was-harshad-mehta-695809/\\\\\\\"\u003eHarshad Mehta\u003c/a\u003e launched a website in a bid to explain her late husband's side of the story and all the controversies around the Securities Scam of 1992 that shocked India's financial markets. The well-known 'Securities Scam' was a Rs 4,000 crore scam and remains one of the biggest frauds committed on the \u003ca href=\\\\\\\"https://opoyi.com/topics/indian/\\\\\\\"\u003eIndian\u003c/a\u003e stock market till date.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The late Mehta was a registered and celebrity broker, who was accused by authorities of manipulating the Bombay Stock Exchange (BSE) along with his partners by exploiting loopholes in the banking system.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/harshad-mehta-scam-how-big-bull-shook-the-indian-stock-market-695774/\\\\\\\"\u003eHarshad Mehta scam: How Big Bull shook the Indian stock market\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eWho is Jyoti Mehta?\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Harshad Mehta proposed to Jyoti and with the consent of families tied his knot in Ghatkopar, \u003ca href=\\\\\\\"https://opoyi.com/topics/mumbai/\\\\\\\"\u003eMumbai\u003c/a\u003e on May 17, 1977, according to harshadmehta .in. On November 12, 1982, Harshad and Jyoti Mehta were blessed with son Aatur. \\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Jyoti Mehta was a homemaker and after the death of her husband in 2001 she had to face many legal issues due to Securities Scam of 1992, which was done by her husband.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/harshad-mehtas-wife-jyoti-presents-his-side-of-story-on-new-website-says-family-victim-of-tax-terrorism-695709/\\\\\\\"\u003eHarshad Mehta's wife Jyoti brings Big Bull's side of story to light\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Harshad's family fought the legal battle for about 27 years and in February 2019 the income tax tribunal finally removed the whole tax demand of Rs 2.015 crores on Harshad Mehta, Jyoti Mehta, and Ashwin Mehta.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"That same year, Jyoti won a case against Federal bank and stockbroker Kishore Janani, who combined, owed around six crore rupees to Harshad since 1992. As Jyoti is his sole beneficiary, she is entitled to receive the whole amount with 18% interest.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/how-to-survive-a-market-crash-694936/\\\\\\\"\u003eHow to survive a market crash\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"According to reports, Harshad’s younger brother Ashwin Mehta completed his degree in law and he practices in Mumbai High Court and also Supreme Court. He handled several court cases of Harshad Mehta and paid approximately Rs 1,700 crores to banks to clear Harshad’s name in the scam.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/great-depression-to-covid-top-5-market-crashes-in-american-history-694865/\\\\\\\"\u003eGreat Depression to COVID: Top 5 market crashes in American history\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Not much is known about Harshad’s son Aatur Mehta as he prefers to maintain distance from the limelight. Aatur Mehta is a businessman but he doesn’t give interviews, according to a Business Standard report.\\\"}}]}","relatedPosts":null,"location":null,"createdBy":{"name":"Devanshu Singla","photo":"","username":"devanshusingla","id":"aJeiSJdpGmAb","role":null},"topics":[{"name":"HarshadMehta","slug":"harshadmehta","id":"Kj2bTG7j1Jyt","isSection":0},{"name":"SEBI","slug":"sebi","id":"3nLmnZjR2Qlg","isSection":0},{"name":"StockMarket","slug":"stockmarket","id":"vHCI0WQLTd1o","isSection":0},{"name":"Fraud","slug":"fraud","id":"nMdDLDZTL0TG","isSection":0},{"name":"Sensex","slug":"sensex","id":"MhfKMlGWFTBF","isSection":0},{"name":"Business","slug":"business","id":"1hd39Bl2AdAV","isSection":1},{"name":"Nifty","slug":"nifty","id":"2JvkXElbbqnQ","isSection":0},{"name":"ShareMarket","slug":"sharemarket","id":"PkCsd9oT2rCN","isSection":0},{"name":"NSE","slug":"nse","id":"74WQDLQfPQDQ","isSection":0},{"name":"BSE","slug":"bse","id":"2seBd7Lyb8z6","isSection":0},{"name":"scam","slug":"scam","id":"QCYPrRpXuhi6","isSection":0},{"name":"Mumbai","slug":"mumbai","id":"1AypZlXpkqv3","isSection":0},{"name":"SupremeCourt","slug":"supremecourt","id":"FnneUVErxtRr","isSection":0},{"name":"India","slug":"india","id":"Bq4MmUPrXF8p","isSection":1}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Devanshu Singla","id":"aJeiSJdpGmAb","username":"devanshusingla","role":2,"userType":0}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-07-07T16:20:00+05:30","publisher":0,"sourceFeed":null,"cleanText":"Jyoti Mehta, wife of the infamous stock market bull Harshad Mehta launched a website in a bid to explain her late husband's side of the story and all the controversies around the Securities Scam of 1992 that shocked India's financial markets. The well-known 'Securities Scam' was a Rs 4,000 crore scam and remains one of the biggest frauds committed on the Indian stock market till date. The late Mehta was a registered and celebrity broker, who was accused by authorities of manipulating the Bombay Stock Exchange (BSE) along with his partners by exploiting loopholes in the banking system. Also Read | Harshad Mehta scam: How Big Bull shook the Indian stock market,Who is Jyoti Mehta?,Harshad Mehta proposed to Jyoti and with the consent of families tied his knot in Ghatkopar, Mumbai on May 17, 1977, according to harshadmehta .in. On November 12, 1982, Harshad and Jyoti Mehta were blessed with son Aatur. ,Jyoti Mehta was a homemaker and after the death of her husband in 2001 she had to face many legal issues due to Securities Scam of 1992, which was done by her husband. Also Read | Harshad Mehta's wife Jyoti brings Big Bull's side of story to light,Harshad's family fought the legal battle for about 27 years and in February 2019 the income tax tribunal finally removed the whole tax demand of Rs 2.015 crores on Harshad Mehta, Jyoti Mehta, and Ashwin Mehta. That same year, Jyoti won a case against Federal bank and stockbroker Kishore Janani, who combined, owed around six crore rupees to Harshad since 1992. As Jyoti is his sole beneficiary, she is entitled to receive the whole amount with 18% interest. Also Read | How to survive a market crash,According to reports, Harshad’s younger brother Ashwin Mehta completed his degree in law and he practices in Mumbai High Court and also Supreme Court. He handled several court cases of Harshad Mehta and paid approximately Rs 1,700 crores to banks to clear Harshad’s name in the scam. Also Read | Great Depression to COVID: Top 5 market crashes in American history,Not much is known about Harshad’s son Aatur Mehta as he prefers to maintain distance from the limelight. Aatur Mehta is a businessman but he doesn’t give interviews, according to a Business Standard report.","portalUser":{"id":"kQKU5wG2FUA","name":"Opoyi Central","username":"opoyicentral","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_6k77dlSYd.jpg","role":2,"userType":1},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":null,"keywords":"Jyoti Mehta,Harshad,Harshad Mehta,Ashwin Mehta,Aatur Mehta,India,the Bombay Stock Exchange,Mumbai,Federal bank,Kishore Janani,Mumbai High Court,Supreme Court,Harshad Mehta wife, Harshad Mehta story, Jyoti Mehta husband,Scam 1992, Securities Scam 1992, Har","originalPublishedOn":"2022-07-07T16:20:00+05:30"}},{"node":{"id":"SM5NbRbPeRvm","slug":"english/who-was-harshad-mehta","slugV2":"business/who-was-harshad-mehta-695809/","title":"Who was Harshad Mehta?","postType":1,"coverMedia":"/opoyi_NmF6T4lnk.jpg","coverCaption":"In 1992, Harshad was charged with the securities scam, bringing an end to his bull run (Photo credits: harshadmehta.in)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-07-07T17:15:29+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eHarshad Mehta was born on July 29, 1954 at Ghatkopar, Mumbai\u003c/li\u003e\n \u003cli\u003eHarshad got married to Jyoti Mehta on May 17, 1977\u003c/li\u003e\n \u003cli\u003eHe was often referred to as the ‘Big Bull’ of Dalal Street\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1657194326278,\\\"strCount\\\":5123,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Harshad Mehta’s wife \u003ca href=\\\\\\\"https://opoyi.com/english/who-is-jyoti-mehta\\\\\\\"\u003eJyoti Mehta\u003c/a\u003e has launched a website aiming to explain her late husband’s side of the story and give a slice of life of the people he left behind. The 1992 Securities Scam was a Rs 4,000 crore scam and remains one of the worst frauds committed on the \u003ca href=\\\\\\\"https://opoyi.com/topics/indian/\\\\\\\"\u003eIndian\u003c/a\u003e stock market to date.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eWho was Harshad Mehta?\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eEarly Life\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Harshad Mehta was born on July 29, 1954, to a traditional cloth merchant Shantilal Mehta and mother Rasilaben Mehta at Ghatkopar, \u003ca href=\\\\\\\"https://opoyi.com/topics/mumbai/\\\\\\\"\u003eMumbai\u003c/a\u003e. He did his initial schooling at Ghatkopar and then at Rose Manor Garden School at Santacruz, Mumbai. Mehta completed his B.Com in 1976 from Lala Lajpatrai College, Mumbai. While studying in college, Harshad tried his hands at several menial jobs with little success such as supplying cement, getting diamonds polished every weekend by traveling to \u003ca href=\\\\\\\"https://opoyi.com/topics/surat/\\\\\\\"\u003eSurat\u003c/a\u003e, and working in a relative’s hosiery store.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eAlso Read |\u0026nbsp;\u003c/b\u003e\u003ca href=\\\\\\\"https://opoyi.com/business/harshad-mehta-scam-how-big-bull-shook-the-indian-stock-market-695774/\\\\\\\"\u003eHarshad Mehta scam: How Big Bull shook the Indian stock market\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eProfessional Journey\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"In 1976, Harshad joined New India Assurance Company Limited (NIACL) in their head office at \u003ca href=\\\\\\\"https://opoyi.com/topics/fort/\\\\\\\"\u003eFort\u003c/a\u003e in the Hull Department. During this time, he got interested in the stock market and after a few days, he resigned from his job at New India Assurance and started a full-time career in \u003ca href=\\\\\\\"https://opoyi.com/topics/bse/\\\\\\\"\u003eBSE\u003c/a\u003e. He worked as a jobber for the broker Prasann Prajivandas Broker who he considered his “Guru”.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Harshad got married to Jyoti Mehta on May 17, 1977. They were blessed with son Aatur in 1982.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eAlso Read |\u0026nbsp;\u003c/b\u003e\u003ca href=\\\\\\\"https://opoyi.com/business/harshad-mehtas-wife-jyoti-presents-his-side-of-story-on-new-website-says-family-victim-of-tax-terrorism-695709/\\\\\\\"\u003eHarshad Mehta's wife Jyoti brings Big Bull's side of story to light\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"In 1982, Harshad with his younger brother, Ashwani set up a small partnership firm Growmore Investments and started from a gallery of about 50 square feet. Over a period of ten years, beginning in 1980, he had risen to a position of prominence in the Indian securities industry.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Harshad was often referred to as the ‘Big Bull’ of Dalal Street or the ‘Amitabh Bachchan’ of the Indian stock market – a tag that he earned due to his flamboyant lifestyle after becoming a celebrity status stockbroker.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/great-depression-to-covid-top-5-market-crashes-in-american-history-694865/\\\\\\\"\u003eGreat Depression to COVID: Top 5 market crashes in American history\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eSecurities Scam 1992\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"In 1992, he was charged with the securities scam, bringing an end to his bull run. According to many financial journalists who covered the scam, Harshad successfully managed to manipulate stocks by illegally obtaining money from several banks using fake bank receipts, He created a vicious cycle of fraud involving big names such as the State Bank of India (SBI) and the National Housing Bank (NHB).\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/how-to-survive-a-market-crash-694936/\\\\\\\"\u003eHow to survive a market crash\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The securities scam of 1992 worth around Rs 4,000 crore, way over Rs 20,000 crore when adjusted for inflation in today’s date, lead to transformational changes in the stock market. Stricter laws were introduced to widen the regulatory powers of the Securities and Exchange Board of India (SEBI). The stock market saw extensive changes like the reduction of the settlement cycle, minimum balance, and online transactions among other measures.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/us-inflation-rate-at-a-40-year-high-a-timeline-1930-2022-693306/\\\\\\\"\u003eUS inflation rate at a 40-year high | A timeline: 1930-2022\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"This was just one part of the scam, Harshad has also taken advantage of loopholes in the country’s banking sector – some that exist even today.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Between 1991 and 1992, Sensex jumped from just over 1,000 points to almost 4,500 points. During this period, Harshad diverted thousands of crores obtained from banks into the stock market.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/technology/what-are-the-digital-market-and-digital-services-acts-695001/\\\\\\\"\u003eWhat are the Digital Market and Digital Services Acts?\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"When the scam was exposed by veteran journalist Sucheta Dalal, it was revealed how Harshad Mehta had exploited gaps in the banking system to manipulate stocks. Soon after the scam was exposed, the stock market saw a bloodbath that deeply impacted Mehta’s holdings.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/technology/european-union-makes-historic-tech-ruling-enforcement-worries-remain-694845/\\\\\\\"\u003eEuropean Union makes historic tech ruling, enforcement worries remain\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eDeath\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Harshad passed away on December 30, 2021, due to a heart attack. His life and his 1992 scam are covered in detail by Sucheta Dalal and Debashish Basu in their book “The Scam: From Harshad Mehta to Ketan Parekh”.\\\"}}]}","relatedPosts":null,"location":null,"createdBy":{"name":"Devanshu Singla","photo":"","username":"devanshusingla","id":"aJeiSJdpGmAb","role":null},"topics":[{"name":"HarshadMehta","slug":"harshadmehta","id":"Kj2bTG7j1Jyt","isSection":0},{"name":"BigBull","slug":"bigbull","id":"zPGNul0hJkub","isSection":0},{"name":"StockMarket","slug":"stockmarket","id":"vHCI0WQLTd1o","isSection":0},{"name":"scam","slug":"scam","id":"QCYPrRpXuhi6","isSection":0},{"name":"SEBI","slug":"sebi","id":"3nLmnZjR2Qlg","isSection":0},{"name":"ShareMarket","slug":"sharemarket","id":"PkCsd9oT2rCN","isSection":0},{"name":"India","slug":"india","id":"Bq4MmUPrXF8p","isSection":1},{"name":"Business","slug":"business","id":"1hd39Bl2AdAV","isSection":1},{"name":"Mumbai","slug":"mumbai","id":"1AypZlXpkqv3","isSection":0},{"name":"Surat","slug":"surat","id":"v526co8BFkf5","isSection":0},{"name":"BSE","slug":"bse","id":"2seBd7Lyb8z6","isSection":0}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Devanshu Singla","id":"aJeiSJdpGmAb","username":"devanshusingla","role":2,"userType":0}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-07-07T15:40:00+05:30","publisher":0,"sourceFeed":null,"cleanText":"Harshad Mehta’s wife Jyoti Mehta has launched a website aiming to explain her late husband’s side of the story and give a slice of life of the people he left behind. The 1992 Securities Scam was a Rs 4,000 crore scam and remains one of the worst frauds committed on the Indian stock market to date. Who was Harshad Mehta?,Early Life,Harshad Mehta was born on July 29, 1954, to a traditional cloth merchant Shantilal Mehta and mother Rasilaben Mehta at Ghatkopar, Mumbai. He did his initial schooling at Ghatkopar and then at Rose Manor Garden School at Santacruz, Mumbai. Mehta completed his B.Com in 1976 from Lala Lajpatrai College, Mumbai. While studying in college, Harshad tried his hands at several menial jobs with little success such as supplying cement, getting diamonds polished every weekend by traveling to Surat, and working in a relative’s hosiery store. Also Read | Harshad Mehta scam: How Big Bull shook the Indian stock market,Professional Journey,In 1976, Harshad joined New India Assurance Company Limited (NIACL) in their head office at Fort in the Hull Department. During this time, he got interested in the stock market and after a few days, he resigned from his job at New India Assurance and started a full-time career in BSE. He worked as a jobber for the broker Prasann Prajivandas Broker who he considered his “Guru”. Harshad got married to Jyoti Mehta on May 17, 1977. They were blessed with son Aatur in 1982. Also Read | Harshad Mehta's wife Jyoti brings Big Bull's side of story to light,In 1982, Harshad with his younger brother, Ashwani set up a small partnership firm Growmore Investments and started from a gallery of about 50 square feet. Over a period of ten years, beginning in 1980, he had risen to a position of prominence in the Indian securities industry. Harshad was often referred to as the ‘Big Bull’ of Dalal Street or the ‘Amitabh Bachchan’ of the Indian stock market – a tag that he earned due to his flamboyant lifestyle after becoming a celebrity status stockbroker. Also Read | Great Depression to COVID: Top 5 market crashes in American history,Securities Scam 1992,In 1992, he was charged with the securities scam, bringing an end to his bull run. According to many financial journalists who covered the scam, Harshad successfully managed to manipulate stocks by illegally obtaining money from several banks using fake bank receipts, He created a vicious cycle of fraud involving big names such as the State Bank of India (SBI) and the National Housing Bank (NHB). Also Read | How to survive a market crash,The securities scam of 1992 worth around Rs 4,000 crore, way over Rs 20,000 crore when adjusted for inflation in today’s date, lead to transformational changes in the stock market. Stricter laws were introduced to widen the regulatory powers of the Securities and Exchange Board of India (SEBI). The stock market saw extensive changes like the reduction of the settlement cycle, minimum balance, and online transactions among other measures. Also Read | US inflation rate at a 40-year high | A timeline: 1930-2022,This was just one part of the scam, Harshad has also taken advantage of loopholes in the country’s banking sector – some that exist even today. Between 1991 and 1992, Sensex jumped from just over 1,000 points to almost 4,500 points. During this period, Harshad diverted thousands of crores obtained from banks into the stock market. Also Read | What are the Digital Market and Digital Services Acts?,When the scam was exposed by veteran journalist Sucheta Dalal, it was revealed how Harshad Mehta had exploited gaps in the banking system to manipulate stocks. Soon after the scam was exposed, the stock market saw a bloodbath that deeply impacted Mehta’s holdings. Also Read | European Union makes historic tech ruling, enforcement worries remain,Death,Harshad passed away on December 30, 2021, due to a heart attack. His life and his 1992 scam are covered in detail by Sucheta Dalal and Debashish Basu in their book “The Scam: From Harshad Mehta to Ketan Parekh”.","portalUser":{"id":"kQKU5wG2FUA","name":"Opoyi Central","username":"opoyicentral","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_6k77dlSYd.jpg","role":2,"userType":1},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":null,"keywords":"Harshad,Harshad Mehta,Mumbai,Jyoti Mehta,Shantilal Mehta,Rasilaben Mehta,Lala Lajpatrai College,New India Assurance Company Limited,Harshad mehta the big bull, Securities scam 1992, Scam 1992, Jyoti mehta, Harshad mehta wife, harshad mehta scam, Harshad m","originalPublishedOn":"2022-07-07T15:40:00+05:30"}},{"node":{"id":"K7DZ1ygj3YOS","slug":"english/mcx-india-indian-oil-lupin-and-other-stocks-that-moved-most-on-june-30","slugV2":"business/mcx-india-indian-oil-lupin-and-other-stocks-that-moved-most-on-june-30-690736/","title":"MCX India, Indian Oil, Lupin and other stocks that moved most on June 30","postType":1,"coverMedia":"/opoyi_ZTZ588g-2.jpg","coverCaption":"Nifty slipped 18.85 points or 0.12% to 15,780.25 (Photo Credit: Representative Image/Pixabay)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-06-30T18:28:47+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eMCX India shares surged 2.49% to close at Rs 1,309.30\u003c/li\u003e\n \u003cli\u003eIndian Oil Corporation stock jumped 1.37% to settle at Rs 74.20\u003c/li\u003e\n \u003cli\u003eLupin shares fell 1.88% to close at Rs 609.00\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1656593928488,\\\"strCount\\\":3509,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The \u003ca href=\\\\\\\"https://opoyi.com/business/week-ahead-global-cues-rupee-movement-to-weigh-on-sensex-nifty-687740/\\\\\\\"\u003eBSE Sensex\u003c/a\u003e fell 8.03 or 0.02% to close at\\\\n53,018.94.\u0026nbsp; During the day, it had surged\\\\n350.57 points, or 0.66% to 53,377.54. The NSE Nifty slipped 18.85 points or\\\\n0.12% to 15,780.25. \\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The broader indices ended in the red as the BSE Mid cap\\\\nindex was down by 0.74% and the Small-cap index was down by 0.54%. On the sectoral\\\\nfront, Power is up by 0.79%, Bankex up by 0.62%, Utilities up by 0.59%, and\\\\nCapital Goods up by 0.18%, while Metal down by 2.18%, Auto down by 1.25%, Basic\\\\nMaterials down by 1.20%, Realty down by 1.17% and Consumer Disc down by 0.90%\\\\nwere the top losing indices on BSE.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/closing-bell-sensex-falls-8-points-nifty-closes-at-15780-690696/\\\\\\\"\u003eClosing Bell: Sensex falls 8 points Nifty closes at 15,780\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eHere are the key stocks that moved the most on June 30:\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/business/mcx-share-rises-4-as-fpis-are-permitted-to-trade-in-commodity-derivatives-690425/\\\\\\\"\u003e\u003cb\u003eMCX India\u003c/b\u003e\u003c/a\u003e\u003cb\u003e:\u003c/b\u003e The stock surged 2.49% to close at Rs 1,309.30\\\\nafter the market regulator Securities and Exchange Board of India (SEBI)\\\\napproved foreign portfolio investors (FPIs) to trade in commodity derivatives.\\\\n“FPIs will be allowed to trade in all non-agricultural commodity derivatives\\\\nand select non-agricultural benchmark indices. To begin with, FPIs will be\\\\nallowed only in cash-settled contracts,” \u003ca href=\\\\\\\"https://opoyi.com/topics/sebi/\\\\\\\"\u003eSebi\u003c/a\u003e said after a board meeting. The\\\\nregulator said the participation of FPIs in Exchange Traded Commodity\\\\nDerivatives (ETCDs) is expected to enhance liquidity and market depth and\\\\npromote efficient price discovery.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/russia-approves-tax-exemptions-for-issuers-of-digital-assets-cryptocurrency-690632/\\\\\\\"\u003eRussia approves tax exemptions for issuers of digital assets, cryptocurrency\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eIndian Oil Corporation Limited:\u003c/b\u003e The stock jumped 1.37% to\\\\nsettle at Rs 74.20 after the company said the board has accorded investment\\\\napproval for capacity expansion of Digboi refinery in \u003ca href=\\\\\\\"https://opoyi.com/topics/assam/\\\\\\\"\u003eAssam\u003c/a\u003e from 0.65 to 1\\\\nmmtpa along with associated facilities at an estimated cost of Rs 740.20 crore.\\\\nThe project is expected to be commissioned by October 2025.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/crypto-news-daily-bitcoin-data-and-price-analysis-for-june-30-2022-690556/\\\\\\\"\u003eCrypto news daily: Bitcoin data and price analysis for June 30, 2022\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eLupin Limited:\u003c/b\u003e Shares of Lupin fell 1.88% to close at Rs\\\\n609.00 after the brokerage firm CLSA slashed its earnings per share (EPS)\\\\nestimates for the pharmaceutical company by 9% to 6% for FY23-25.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/gold-silver-and-other-metal-prices-on-thursday-june-30-2022-690489/\\\\\\\"\u003eGold, silver and other metal prices on Thursday, June 30, 2022\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eDevyani International Limited:\u003c/b\u003e The stock surged 3.70% to\\\\nclose at Rs 155.45 after it announced plans to open 1,000 more stores in four\\\\nto five years.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/world/repo-task-force-seized-over-300-billion-in-russian-assets-after-ukraine-invasion-690455/\\\\\\\"\u003eREPO task force seized over $300 billion in Russian assets after Ukraine invasion\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eAhluwalia Contracts:\u003c/b\u003e The stock closed 4.13% higher at Rs\\\\n435,05 as the company bagged an order worth Rs 209 crore from DC Development to\\\\nbuild a data center in \u003ca href=\\\\\\\"https://opoyi.com/topics/noida/\\\\\\\"\u003eNoida\u003c/a\u003e.\\\"}}]}","relatedPosts":null,"location":null,"createdBy":{"name":"Devanshu Singla","photo":"","username":"devanshusingla","id":"aJeiSJdpGmAb","role":null},"topics":[{"name":"Sensex","slug":"sensex","id":"MhfKMlGWFTBF","isSection":0},{"name":"Nifty","slug":"nifty","id":"2JvkXElbbqnQ","isSection":0},{"name":"StockMarket","slug":"stockmarket","id":"vHCI0WQLTd1o","isSection":0},{"name":"Business","slug":"business","id":"1hd39Bl2AdAV","isSection":1},{"name":"BSE","slug":"bse","id":"2seBd7Lyb8z6","isSection":0},{"name":"NSE","slug":"nse","id":"74WQDLQfPQDQ","isSection":0},{"name":"ShareMarket","slug":"sharemarket","id":"PkCsd9oT2rCN","isSection":0},{"name":"SEBI","slug":"sebi","id":"3nLmnZjR2Qlg","isSection":0},{"name":"Assam","slug":"assam","id":"ttmVk37tahux","isSection":0},{"name":"Noida","slug":"noida","id":"jVArPfo2eN7z","isSection":0}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Devanshu Singla","id":"aJeiSJdpGmAb","username":"devanshusingla","role":2,"userType":0}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-06-30T18:28:46+05:30","publisher":0,"sourceFeed":null,"cleanText":"The BSE Sensex fell 8.03 or 0.02% to close at 53,018.94. During the day, it had surged 350.57 points, or 0.66% to 53,377.54. The NSE Nifty slipped 18.85 points or 0.12% to 15,780.25. ,The broader indices ended in the red as the BSE Mid cap index was down by 0.74% and the Small-cap index was down by 0.54%. On the sectoral front, Power is up by 0.79%, Bankex up by 0.62%, Utilities up by 0.59%, and Capital Goods up by 0.18%, while Metal down by 2.18%, Auto down by 1.25%, Basic Materials down by 1.20%, Realty down by 1.17% and Consumer Disc down by 0.90% were the top losing indices on BSE. Also Read | Closing Bell: Sensex falls 8 points Nifty closes at 15,780,Here are the key stocks that moved the most on June 30:,MCX India: The stock surged 2.49% to close at Rs 1,309.30 after the market regulator Securities and Exchange Board of India (SEBI) approved foreign portfolio investors (FPIs) to trade in commodity derivatives. “FPIs will be allowed to trade in all non-agricultural commodity derivatives and select non-agricultural benchmark indices. To begin with, FPIs will be allowed only in cash-settled contracts,” Sebi said after a board meeting. The regulator said the participation of FPIs in Exchange Traded Commodity Derivatives (ETCDs) is expected to enhance liquidity and market depth and promote efficient price discovery. Also Read | Russia approves tax exemptions for issuers of digital assets, cryptocurrency,Indian Oil Corporation Limited: The stock jumped 1.37% to settle at Rs 74.20 after the company said the board has accorded investment approval for capacity expansion of Digboi refinery in Assam from 0.65 to 1 mmtpa along with associated facilities at an estimated cost of Rs 740.20 crore. The project is expected to be commissioned by October 2025. Also Read | Crypto news daily: Bitcoin data and price analysis for June 30, 2022,Lupin Limited: Shares of Lupin fell 1.88% to close at Rs 609.00 after the brokerage firm CLSA slashed its earnings per share (EPS) estimates for the pharmaceutical company by 9% to 6% for FY23-25. Also Read | Gold, silver and other metal prices on Thursday, June 30, 2022,Devyani International Limited: The stock surged 3.70% to close at Rs 155.45 after it announced plans to open 1,000 more stores in four to five years. Also Read | REPO task force seized over $300 billion in Russian assets after Ukraine invasion,Ahluwalia Contracts: The stock closed 4.13% higher at Rs 435,05 as the company bagged an order worth Rs 209 crore from DC Development to build a data center in Noida.","portalUser":{"id":"MK3GmgLG7wo1","name":"Opoyi Business","username":"OpoyiBusiness","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_D6026Kum9dg.jpg","role":2,"userType":1},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":null,"keywords":"BSE Sensex,Bankex,Utilities,Securities and Exchange Board of India,Sebi,Indian Oil Corporation Limited,Assam,Lupin,Devyani International Limited,Noida,Sensex, Nifty, NSE, BSE, stock market, share market, stock market news, Business news,MCX india,Ahluwali","originalPublishedOn":"2022-06-30T18:28:46+05:30"}},{"node":{"id":"GP8D9wVDBuY1","slug":"english/trending-stocks-vodafone-idea-reliance-ongc-and-others-in-news-today","slugV2":"business/trending-stocks-vodafone-idea-reliance-ongc-and-others-in-news-today-683346/","title":"Trending Stocks: Vodafone Idea, Reliance, ONGC and others in news today","postType":1,"coverMedia":"/opoyi_SsPBhGsSj.jpg","coverCaption":"Stock prices on a digital screen on the facade of BSE building, as sensex crosses 50000 mark for the first time, in Mumbai, Thursday, Jan. 21, 2021. (Photo Credit: PTI)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-06-21T07:15:00+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eVodafone Group will invest Rs 500 crore in Voda-Idea thorugh convertible warrants\u003c/li\u003e\n \u003cli\u003eSEBI imposed a penalty of Rs 30 lakh on RIL and its two compliance officers\u003c/li\u003e\n \u003cli\u003eOil ministry extends Alka Mittal’s additional charge as ONGC chairman\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1655764777049,\\\"strCount\\\":4214,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eVodafone Idea\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Vodafone Idea said its British shareholder Vodafone Group will invest Rs 500 crore in the company through equity or convertible warrants, following a previous cash injection by its promoters in March. The additional investment comes at a time when India’s largest telecom company is looking to raise Rs 20,000 crore from external investors in debt and equity.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/india/how-spicejet-pilots-averted-a-tragedy-after-a-bird-strike-682403/\\\\\\\"\u003eHow SpiceJet pilots averted a tragedy after a bird strike\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eReliance Industries\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Securities Exchange Board of India imposed a penalty of Rs 30 lakh on \u003ca href=\\\\\\\"https://opoyi.com/topics/reliance/\\\\\\\"\u003eReliance\u003c/a\u003e Industries and its two compliance officers for not making prompt clarification to the stock exchange about the Jio-Facebook deal, which was disclosed through the newspaper. The other two officers penalized by \u003ca href=\\\\\\\"https://opoyi.com/topics/sebi/\\\\\\\"\u003eSEBI\u003c/a\u003e are Savithri Parekh and K Sethuraman. The fine needs to be joint and severally by them within 45 days, according to a SEBI order. The matter is related to the alleged lack of fair disclosures of unpublished price-sensitive information (UPSI), in the case of Facebook’s 9.99% investment in Reliance subsidiary Jio Platforms in April 2020. The deal was worth Rs 43,574 crores.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/technology/new-whatsapp-update-all-you-need-to-know-682326/\\\\\\\"\u003eNew WhatsApp update: All you need to know\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eOil and Natural Gas Corporation\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Ministry of Petroleum and Natural Gas has approved the extension of the additional charge of the post of Chairman and Managing Director (CMD) to Alka Mittal, Director (HR), for two months from July 1 to August 31, 2022, or till the appointment of a regular incumbent to the post, or until further orders, whichever is the earliest.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/world/sri-lanka-troops-open-fire-at-protesters-over-petrol-diesel-supply-682218/\\\\\\\"\u003eSri Lanka troops open fire at protesters over petrol, diesel supply\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eHUDCO\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Fitch Ratings has affirmed the ratings of Housing and Urban Development Corporation at ‘BBB-’ level, i.e. at the sovereign level. The rating agency has revised the outlook of HUDCO to ‘Stable’ from ‘Negative’. The rating action comes after the change in the outlook of the Government of India rating to ‘Stable’ from Negative on June 10, 2022.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/world/bitcoin-meltdown-lands-el-salvadors-economy-in-a-muddle-681685/\\\\\\\"\u003eBitcoin meltdown lands El Salvador’s economy in a muddle\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eBharat Forge\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Bharat Forge has announced plans to consolidate its electric vehicle business initiatives under Kalyani Powertrain (KPL), a wholly-owned subsidiary, for a better strategic alignment. The company Investment Committee - Strategic Business has approved to transfer of the company's stake in Refu Drive GmbH, the joint venture company, to KPL subject to receipt of necessary approval from regulatory authorities.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/technology/spacex-fires-employees-critical-of-free-speech-absolutist-elon-musk-681500/\\\\\\\"\u003eSpaceX fires employees critical of 'free speech absolutist' Elon Musk\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eFineotex Chemical\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The company board will meet on June 24 to consider raising funds by issue of equity shares. This is subject to shareholders’ and regulatory approvals.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eSuven Life Sciences\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The company in an exchange filing said the board of Directors will meet on June 24 to consider raising funds through the issue of equity shares on a rights basis to the existing equity shareholders of the company.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/world/israel-coaliation-to-dissolve-country-will-hold-5th-election-in-three-years-683202/\\\\\\\"\u003eIsrael coaliation to dissolve, country will hold 5th election in three years\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eEngineers India\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The company informed that the board of directors has appointed Sanjay Jindal, Director (Finance) as Chief Financial Officer of the company in the place of Vartika Shukla, CMD, and Additional Charge Director (Technical). The appointment is with immediate effect for five years, or till the date of his superannuation, or until further orders, whichever is earliest.\u0026nbsp;\\\"}}]}","relatedPosts":null,"location":null,"createdBy":{"name":"Devanshu Singla","photo":"","username":"devanshusingla","id":"aJeiSJdpGmAb","role":null},"topics":[{"name":"TrendingStocks","slug":"trendingstocks","id":"XNl0sRQ1kcCJ","isSection":0},{"name":"Sensex","slug":"sensex","id":"MhfKMlGWFTBF","isSection":0},{"name":"StockMarket","slug":"stockmarket","id":"vHCI0WQLTd1o","isSection":0},{"name":"VodafoneIdea","slug":"vodafoneidea","id":"1hv1dhev5tEA","isSection":0},{"name":"ONGC","slug":"ongc","id":"00oVcZDZi17W","isSection":0},{"name":"NSE","slug":"nse","id":"74WQDLQfPQDQ","isSection":0},{"name":"BSE","slug":"bse","id":"2seBd7Lyb8z6","isSection":0},{"name":"Nifty","slug":"nifty","id":"2JvkXElbbqnQ","isSection":0},{"name":"ShareMarket","slug":"sharemarket","id":"PkCsd9oT2rCN","isSection":0},{"name":"SEBI","slug":"sebi","id":"3nLmnZjR2Qlg","isSection":0},{"name":"Reliance","slug":"reliance","id":"FTQXxryu1asz","isSection":0},{"name":"India","slug":"india","id":"Bq4MmUPrXF8p","isSection":1},{"name":"Business","slug":"business","id":"1hd39Bl2AdAV","isSection":1}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Devanshu Singla","id":"aJeiSJdpGmAb","username":"devanshusingla","role":2,"userType":0}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-06-21T07:15:00+05:30","publisher":0,"sourceFeed":null,"cleanText":"Vodafone Idea,Vodafone Idea said its British shareholder Vodafone Group will invest Rs 500 crore in the company through equity or convertible warrants, following a previous cash injection by its promoters in March. The additional investment comes at a time when India’s largest telecom company is looking to raise Rs 20,000 crore from external investors in debt and equity. Also Read | How SpiceJet pilots averted a tragedy after a bird strike,Reliance Industries,Securities Exchange Board of India imposed a penalty of Rs 30 lakh on Reliance Industries and its two compliance officers for not making prompt clarification to the stock exchange about the Jio-Facebook deal, which was disclosed through the newspaper. The other two officers penalized by SEBI are Savithri Parekh and K Sethuraman. The fine needs to be joint and severally by them within 45 days, according to a SEBI order. The matter is related to the alleged lack of fair disclosures of unpublished price-sensitive information (UPSI), in the case of Facebook’s 9.99% investment in Reliance subsidiary Jio Platforms in April 2020. The deal was worth Rs 43,574 crores. Also Read | New WhatsApp update: All you need to know,Oil and Natural Gas Corporation,Ministry of Petroleum and Natural Gas has approved the extension of the additional charge of the post of Chairman and Managing Director (CMD) to Alka Mittal, Director (HR), for two months from July 1 to August 31, 2022, or till the appointment of a regular incumbent to the post, or until further orders, whichever is the earliest. Also Read | Sri Lanka troops open fire at protesters over petrol, diesel supply,HUDCO,Fitch Ratings has affirmed the ratings of Housing and Urban Development Corporation at ‘BBB-’ level, i.e. at the sovereign level. The rating agency has revised the outlook of HUDCO to ‘Stable’ from ‘Negative’. The rating action comes after the change in the outlook of the Government of India rating to ‘Stable’ from Negative on June 10, 2022. Also Read | Bitcoin meltdown lands El Salvador’s economy in a muddle,Bharat Forge,Bharat Forge has announced plans to consolidate its electric vehicle business initiatives under Kalyani Powertrain (KPL), a wholly-owned subsidiary, for a better strategic alignment. The company Investment Committee - Strategic Business has approved to transfer of the company's stake in Refu Drive GmbH, the joint venture company, to KPL subject to receipt of necessary approval from regulatory authorities. Also Read | SpaceX fires employees critical of 'free speech absolutist' Elon Musk,Fineotex Chemical,The company board will meet on June 24 to consider raising funds by issue of equity shares. This is subject to shareholders’ and regulatory approvals. Suven Life Sciences,The company in an exchange filing said the board of Directors will meet on June 24 to consider raising funds through the issue of equity shares on a rights basis to the existing equity shareholders of the company. Also Read | Israel coaliation to dissolve, country will hold 5th election in three years,Engineers India,The company informed that the board of directors has appointed Sanjay Jindal, Director (Finance) as Chief Financial Officer of the company in the place of Vartika Shukla, CMD, and Additional Charge Director (Technical). The appointment is with immediate effect for five years, or till the date of his superannuation, or until further orders, whichever is earliest.","portalUser":{"id":"MK3GmgLG7wo1","name":"Opoyi Business","username":"OpoyiBusiness","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_D6026Kum9dg.jpg","role":2,"userType":1},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":null,"keywords":"India,SEBI,Vodafone Idea,British,Vodafone Group,Reliance Industries,Reliance,Jio Platforms,Alka Mittal,Housing and Urban Development Corporation,Trending stocks, stock market, share market, Sensex, Nifty, NSE, BSE,Bharat Forge,HUDCO,Engineers Limited, Suv","originalPublishedOn":"2022-06-21T07:15:00+05:30"}},{"node":{"id":"XdJSbJa7bh5q","slug":"english/trade-setup-top-13-things-to-know-before-market-opens-on-june-21-2022","slugV2":"business/trade-setup-top-13-things-to-know-before-market-opens-on-june-21-2022-683341/","title":"Trade Setup: Top 13 things to know before market opens on June 21, 2022","postType":1,"coverMedia":"/opoyi_ZTZ588g-2.jpg","coverCaption":"The broader indices ended in red with the BSE Mid cap index down by 1.39%, while Small cap index fell 2.95% (Photo Credit: Representative Image/Pixabay)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-06-21T07:00:00+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eSensex rose 237.42 points or 0.46% to 51,597.87 and the Nifty was up by 56.65 points or 0.37% to 15,350.15\u003c/li\u003e\n \u003cli\u003eNifty or India VIX, fell 1.52% to 22.41 on Monday\u003c/li\u003e\n \u003cli\u003eAsian markets ended mostly lower on Monday\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1655763715579,\\\"strCount\\\":7729,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Breaking a six-day losing streak, \u003ca href=\\\\\\\"https://opoyi.com/topics/indian/\\\\\\\"\u003eIndian\u003c/a\u003e equity benchmarks ended in green after a highly volatile session on Monday, helped by emergence of value buying in shares like HDFC, Hindustan Unilever and Ultratech Cement amid positive cues from European markets. Key indices made a cautious start and fluctuated between gains and losses throughout the day, amid recession fears coupled with aggravated foreign outflows from Indian equities.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/india/how-spicejet-pilots-averted-a-tragedy-after-a-bird-strike-682403/\\\\\\\"\u003eHow SpiceJet pilots averted a tragedy after a bird strike\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The \u003ca href=\\\\\\\"https://www.cnbctv18.com/market/sensex-and-nifty-shut-shop-higher-as-market-gains-for-first-time-in-7-days-hul-hdfc-apollo-hospitals-asian-paints-13876212.htm\\\\\\\"\u003eNifty50\u003c/a\u003e has formed a small positive candle on the daily chart with minor upper and long lower shadows, highlighting the chances of a bounce ahead, according to Nagaraj Shetti, Technical Research Analyst at HDFC Securities.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"However, a lack of strength around 15,500 could possibly bring the bears back into action, he warned.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/topics/closingbell/\\\\\\\"\u003e\u003cb\u003eIndian Indices\u003c/b\u003e\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Sensex rose 237.42 points or 0.46% to 51,597.87 and the Nifty was up by 56.65 points or 0.37% to 15,350.15 in the previous session. Sensex touched high and low of 51,714.61 and 51,062.93, respectively. There were 17 stocks advancing against 13 stocks declining on the index. Nifty traded in a range of 15,382.50 and 15,191.10. There were 27 stocks advancing against 23 stocks declining on the index.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/technology/new-whatsapp-update-all-you-need-to-know-682326/\\\\\\\"\u003eNew WhatsApp update: All you need to know\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eBroader Indices\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The broader indices ended in red with the BSE Mid cap index down by 1.39%, while Small cap index fell 2.95%. On the sectoral front, FMCG was up by 1.21%, TECK up by 0.58%, IT up by 0.42%, Consumer Durables up by 0.41% and Finance up by 0.32%, while Metal down by 4.46%, Oil \u0026amp; Gas down by 3.48%, Energy down by 3.26%, PSU down by 2.81% and Basic Materials down by 2.30% were the top losing indices on BSE.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eIndia VIX Index\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Nifty or India VIX, a gauge of the market's expectation of volatility over the near term, fell 1.52% to 22.41 on Monday.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/world/sri-lanka-troops-open-fire-at-protesters-over-petrol-diesel-supply-682218/\\\\\\\"\u003eSri Lanka troops open fire at protesters over petrol, diesel supply\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eSupport and Resistance levels\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The key support level for the Nifty is placed at 15,233, followed by 15,117. If the index moves up, the key resistance levels to watch out for are 15,425 and 15,499, according to pivot charts.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/topics/nasdaq/\\\\\\\"\u003e\u003cb\u003eUS Markets\u003c/b\u003e\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The S\u0026amp;P 500 rose 8.07 points, or 0.22%, to 3,674.84.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Dow Jones Industrial Average fell 38.29 points, or 0.13%, to 29,888.78.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The \u003ca href=\\\\\\\"https://opoyi.com/topics/nasdaq/\\\\\\\"\u003eNasdaq\u003c/a\u003e rose 152.25 points, or 1.43%, to 10,798.35.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Russell 2000 index of smaller companies rose 15.86 points, or 0.96%, to 1,665.69.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/world/bitcoin-meltdown-lands-el-salvadors-economy-in-a-muddle-681685/\\\\\\\"\u003eBitcoin meltdown lands El Salvador’s economy in a muddle\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eAsian Markets\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Asian markets ended mostly lower on Monday. The Nikkei 225 fell 0.74%, the KOSPI Composite fell 2.04%, the Shanghai Composite fell 0.04% while the Hang Seng rose 0.42%.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eEuropean Markets\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"European markets ended higher on Monday, Germany’s DAX was up by 1.06%, France's CAC 40 was up by 0.64% and London's FTSE 100 was up by 1.50%.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/technology/in-a-first-apple-store-workers-at-maryland-vote-to-unionise-682102/\\\\\\\"\u003eIn a first, Apple store workers at Maryland vote to unionise\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eMajor News Headlines\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eVoda-Idea to raise Rs 500 crore from Vodafone Group\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Vodafone Idea said its \u003ca href=\\\\\\\"https://opoyi.com/topics/british/\\\\\\\"\u003eBritish\u003c/a\u003e shareholder Vodafone Group will invest Rs 500 crore in the company through equity or convertible warrants, following a previous cash injection by its promoters in March. The additional investment comes at a time when India’s largest telecom company is looking to raise Rs 20,000 crore from external investors in debt and equity.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/technology/spacex-fires-employees-critical-of-free-speech-absolutist-elon-musk-681500/\\\\\\\"\u003eSpaceX fires employees critical of 'free speech absolutist' Elon Musk\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eSEBI imposes Rs 30 lakh fine on RIL and two of its compliance officers\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Securities Exchange Board of India imposed a penalty of Rs 30 lakh on \u003ca href=\\\\\\\"https://opoyi.com/topics/reliance/\\\\\\\"\u003eReliance\u003c/a\u003e Industries and its two compliance officers for not making prompt clarification to the stock exchange pertaining to the Jio-Facebook deal, which was disclosed through the newspaper.The other two officers penalised by \u003ca href=\\\\\\\"https://opoyi.com/topics/sebi/\\\\\\\"\u003eSEBI\u003c/a\u003e are Savithri Parekh and K Sethuraman. The fine needs to be joint and severally by them within 45 days, according to a SEBI order.\u0026nbsp; The matter is related to alleged lack of fair disclosures of unpublished price sensitive information (UPSI), in the case of Facebook’s 9.99% investment in Reliance subsidiary Jio Platforms in April 2020. The deal was worth Rs 43,574 crores.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/world/israel-coaliation-to-dissolve-country-will-hold-5th-election-in-three-years-683202/\\\\\\\"\u003eIsrael coaliation to dissolve, country will hold 5th election in three years\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eOil ministry extends Alka Mittal’s additional charge as \u003ca href=\\\\\\\"https://opoyi.com/topics/ongc/\\\\\\\"\u003eONGC\u003c/a\u003e chairman\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Ministry of Petroleum and Natural Gas has approved the extension of additional charge of the post of Chairman and Managing Director (CMD) to Alka Mittal, Director (HR), for two months from July 1 to August 31, 2022, or till the appointment of a regular incumbent to the post, or until further orders, whichever is the earliest.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/india/agnipath-scheme-where-will-agniveers-go-anand-mahindra-has-an-answer-682679/\\\\\\\"\u003eAgnipath scheme: Where will ‘Agniveers’ go? Anand Mahindra has an answer\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/topics/bulkdeal/\\\\\\\"\u003e\u003cb\u003eBulk Deal data\u003c/b\u003e\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"TCG FUNDS FUND 1 sold 1,58,870 shares in Ajooni Biotech Limited at Rs 43.98 per share on the \u003ca href=\\\\\\\"https://opoyi.com/topics/nse/\\\\\\\"\u003eNSE\u003c/a\u003e.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"UBS IQ MSCI ASIA APEX 50 ETHICAL ETF bought 2,12,859 shares in Apar Industries Limited at Rs 997.04 per share on the NSE.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"SAHASRAR CAPITAL PRIVATE LIMITED sold 2,00,000 shares in Lyka Labs Limited at Rs 114.51 per share as per NSE.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"VICCO PRODUCTS BOMBAY PRIVATE LIMITED bought 69,985 shares in Priti International Limited at Rs 116.65 per share as per NSE.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"SKY WANDERERS LLP sold 4,05,000 shares in Rachna Infra Ltd at Rs 153.05 per share as per NSE.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/world/russian-journalist-dmitry-muratov-sells-nobel-prize-for-ukrainian-children-682751/\\\\\\\"\u003eRussian journalist Dmitry Muratov sells Nobel Prize for Ukrainian children\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/topics/fiianddii/\\\\\\\"\u003e\u003cb\u003eDII and FII data\u003c/b\u003e\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Foreign institutional investors (FIIs) sold shares worth a net Rs 1,217.12 crore, while domestic institutional investors (DIIs) bought shares worth a net Rs 2,093.39 crore in the Indian equity market on June 20, as per provisional data available on the NSE.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/topics/foban/\\\\\\\"\u003e\u003cb\u003eNSE F\u0026amp;O Ban\u003c/b\u003e\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Indiabulls Housing Finance and RBL Bank are under the F\u0026amp;O ban for June 21. Securities in the ban period under the F\u0026amp;O segment include companies in which the security has crossed 95% of the market-wide position limit.\\\"}}]}","relatedPosts":null,"location":null,"createdBy":{"name":"Devanshu Singla","photo":"","username":"devanshusingla","id":"aJeiSJdpGmAb","role":null},"topics":[{"name":"TradeSetup","slug":"tradesetup","id":"odcbbjEYtYHE","isSection":0},{"name":"Sensex","slug":"sensex","id":"MhfKMlGWFTBF","isSection":0},{"name":"StockMarket","slug":"stockmarket","id":"vHCI0WQLTd1o","isSection":0},{"name":"Nifty","slug":"nifty","id":"2JvkXElbbqnQ","isSection":0},{"name":"BSE","slug":"bse","id":"2seBd7Lyb8z6","isSection":0},{"name":"NSE","slug":"nse","id":"74WQDLQfPQDQ","isSection":0},{"name":"ShareMarket","slug":"sharemarket","id":"PkCsd9oT2rCN","isSection":0},{"name":"Asian","slug":"asian","id":"nmNTdCK1480o","isSection":0},{"name":"SEBI","slug":"sebi","id":"3nLmnZjR2Qlg","isSection":0},{"name":"NASDAQ","slug":"nasdaq","id":"kXDItAdh3a8f","isSection":0},{"name":"VodafoneIdea","slug":"vodafoneidea","id":"1hv1dhev5tEA","isSection":0},{"name":"Facebook","slug":"facebook","id":"HLE8qquNLINg","isSection":0},{"name":"Reliance","slug":"reliance","id":"FTQXxryu1asz","isSection":0},{"name":"ONGC","slug":"ongc","id":"00oVcZDZi17W","isSection":0},{"name":"Business","slug":"business","id":"1hd39Bl2AdAV","isSection":1}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Devanshu Singla","id":"aJeiSJdpGmAb","username":"devanshusingla","role":2,"userType":0}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-06-21T07:00:00+05:30","publisher":0,"sourceFeed":null,"cleanText":"Breaking a six-day losing streak, Indian equity benchmarks ended in green after a highly volatile session on Monday, helped by emergence of value buying in shares like HDFC, Hindustan Unilever and Ultratech Cement amid positive cues from European markets. Key indices made a cautious start and fluctuated between gains and losses throughout the day, amid recession fears coupled with aggravated foreign outflows from Indian equities. Also Read | How SpiceJet pilots averted a tragedy after a bird strike,The Nifty50 has formed a small positive candle on the daily chart with minor upper and long lower shadows, highlighting the chances of a bounce ahead, according to Nagaraj Shetti, Technical Research Analyst at HDFC Securities. However, a lack of strength around 15,500 could possibly bring the bears back into action, he warned. Indian Indices,Sensex rose 237.42 points or 0.46% to 51,597.87 and the Nifty was up by 56.65 points or 0.37% to 15,350.15 in the previous session. Sensex touched high and low of 51,714.61 and 51,062.93, respectively. There were 17 stocks advancing against 13 stocks declining on the index. Nifty traded in a range of 15,382.50 and 15,191.10. There were 27 stocks advancing against 23 stocks declining on the index. Also Read | New WhatsApp update: All you need to know,Broader Indices,The broader indices ended in red with the BSE Mid cap index down by 1.39%, while Small cap index fell 2.95%. On the sectoral front, FMCG was up by 1.21%, TECK up by 0.58%, IT up by 0.42%, Consumer Durables up by 0.41% and Finance up by 0.32%, while Metal down by 4.46%, Oil \u0026 Gas down by 3.48%, Energy down by 3.26%, PSU down by 2.81% and Basic Materials down by 2.30% were the top losing indices on BSE. India VIX Index,Nifty or India VIX, a gauge of the market's expectation of volatility over the near term, fell 1.52% to 22.41 on Monday. Also Read | Sri Lanka troops open fire at protesters over petrol, diesel supply,Support and Resistance levels,The key support level for the Nifty is placed at 15,233, followed by 15,117. If the index moves up, the key resistance levels to watch out for are 15,425 and 15,499, according to pivot charts. US Markets,The S\u0026P 500 rose 8.07 points, or 0.22%, to 3,674.84. The Dow Jones Industrial Average fell 38.29 points, or 0.13%, to 29,888.78. The Nasdaq rose 152.25 points, or 1.43%, to 10,798.35. The Russell 2000 index of smaller companies rose 15.86 points, or 0.96%, to 1,665.69. Also Read | Bitcoin meltdown lands El Salvador’s economy in a muddle,Asian Markets,Asian markets ended mostly lower on Monday. The Nikkei 225 fell 0.74%, the KOSPI Composite fell 2.04%, the Shanghai Composite fell 0.04% while the Hang Seng rose 0.42%. European Markets,European markets ended higher on Monday, Germany’s DAX was up by 1.06%, France's CAC 40 was up by 0.64% and London's FTSE 100 was up by 1.50%. Also Read | In a first, Apple store workers at Maryland vote to unionise,Major News Headlines,Voda-Idea to raise Rs 500 crore from Vodafone Group,Vodafone Idea said its British shareholder Vodafone Group will invest Rs 500 crore in the company through equity or convertible warrants, following a previous cash injection by its promoters in March. The additional investment comes at a time when India’s largest telecom company is looking to raise Rs 20,000 crore from external investors in debt and equity. Also Read | SpaceX fires employees critical of 'free speech absolutist' Elon Musk,SEBI imposes Rs 30 lakh fine on RIL and two of its compliance officers,Securities Exchange Board of India imposed a penalty of Rs 30 lakh on Reliance Industries and its two compliance officers for not making prompt clarification to the stock exchange pertaining to the Jio-Facebook deal, which was disclosed through the newspaper.The other two officers penalised by SEBI are Savithri Parekh and K Sethuraman. The fine needs to be joint and severally by them within 45 days, according to a SEBI order. The matter is related to alleged lack of fair disclosures of unpublished price sensitive information (UPSI), in the case of Facebook’s 9.99% investment in Reliance subsidiary Jio Platforms in April 2020. The deal was worth Rs 43,574 crores. Also Read | Israel coaliation to dissolve, country will hold 5th election in three years,Oil ministry extends Alka Mittal’s additional charge as ONGC chairman,Ministry of Petroleum and Natural Gas has approved the extension of additional charge of the post of Chairman and Managing Director (CMD) to Alka Mittal, Director (HR), for two months from July 1 to August 31, 2022, or till the appointment of a regular incumbent to the post, or until further orders, whichever is the earliest. Also Read | Agnipath scheme: Where will ‘Agniveers’ go? Anand Mahindra has an answer,Bulk Deal data,TCG FUNDS FUND 1 sold 1,58,870 shares in Ajooni Biotech Limited at Rs 43.98 per share on the NSE. UBS IQ MSCI ASIA APEX 50 ETHICAL ETF bought 2,12,859 shares in Apar Industries Limited at Rs 997.04 per share on the NSE. SAHASRAR CAPITAL PRIVATE LIMITED sold 2,00,000 shares in Lyka Labs Limited at Rs 114.51 per share as per NSE. VICCO PRODUCTS BOMBAY PRIVATE LIMITED bought 69,985 shares in Priti International Limited at Rs 116.65 per share as per NSE. SKY WANDERERS LLP sold 4,05,000 shares in Rachna Infra Ltd at Rs 153.05 per share as per NSE. Also Read | Russian journalist Dmitry Muratov sells Nobel Prize for Ukrainian children,DII and FII data,Foreign institutional investors (FIIs) sold shares worth a net Rs 1,217.12 crore, while domestic institutional investors (DIIs) bought shares worth a net Rs 2,093.39 crore in the Indian equity market on June 20, as per provisional data available on the NSE. NSE F\u0026O Ban,Indiabulls Housing Finance and RBL Bank are under the F\u0026O ban for June 21. Securities in the ban period under the F\u0026O segment include companies in which the security has crossed 95% of the market-wide position limit.","portalUser":{"id":"MK3GmgLG7wo1","name":"Opoyi Business","username":"OpoyiBusiness","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_D6026Kum9dg.jpg","role":2,"userType":1},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":null,"keywords":"NSE,Vodafone Group,SEBI,Alka Mittal,HDFC,Hindustan Unilever,Ultratech Cement,European,Nifty50,Indian Indices Sensex,PSU,Trade setup. Trade setup june 21, stock market, share market, sensex, nifty, NSE, BSE, Business news,Reliance SEBI, RIL SEBI","originalPublishedOn":"2022-06-21T07:00:00+05:30"}},{"node":{"id":"CII0MKGv4xIa","slug":"english/trade-setup-top-15-things-to-know-before-market-opens-on-june-6-2022","slugV2":"business/trade-setup-top-15-things-to-know-before-market-opens-on-june-6-2022-239732/","title":"Trade Setup: Top 15 things to know before market opens on June 6, 2022","postType":1,"coverMedia":"/opoyi_ZTZ588g-2.jpg","coverCaption":"The broader indices ended in red with the BSE Mid cap index falling 1.45% while Small cap index was down by 1.16% (Photo Credit: Representative Image/Pixabay)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-06-06T06:49:04+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eSensex fell 48.88 points or 0.09% to 55,769.23 and Nifty was down by 43.70 points or 0.26% to 16,584.30\u003c/li\u003e\n \u003cli\u003eNifty or India VIX, fell 1.70% to 19.98 on Friday\u003c/li\u003e\n \u003cli\u003eThe trends on SGX Nifty indicate a positive opening for the index in India\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1654478344528,\\\"strCount\\\":9304,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/topics/indian/\\\\\\\"\u003eIndian\u003c/a\u003e equity\\\\nbenchmarks pared all the early gains and ended marginally lower on Friday\\\\ndragged by heavy selling in Power, Basic Materials, Utilities and Auto stocks. The market started on a positive note and stayed in green for the most part of the day,\\\\nas sentiments got boosted as SBI Research projected the Indian economy to grow at\\\\n7.5% in 2022-23, an upward revision of 20 basis points from its earlier\\\\nestimate.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/india/why-interest-rates-are-being-hiked-globally-192693/\\\\\\\"\u003eWhy interest rates are being hiked globally?\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Nifty50 has\\\\nformed a long negative candle on the daily chart though the pattern comes amid\\\\nrangebound movement, ruling out any sharp negative impact, according to Nagaraj\\\\nShetti, Technical Research Analyst at HDFC Securities.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/exports-grew-15-in-may-trade-deficit-widens-to-2333-billion-201005/\\\\\\\"\u003eExports grew 15% in May, trade deficit widens to $23.33 billion\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\\\\\\\"Any rise from\\\\nthe 200-day exponential moving average could find selling pressure near 16,800,\\\\nunless the hurdle is broken out decisively on the upside. On the weekly chart,\\\\nthe index has formed a small bull candle with an upper shadow, suggesting the\\\\npresence of crucial resistance at the highs,\\\\\\\" he said.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/topics/closingbell/\\\\\\\"\u003e\u003cb\u003eIndian Indices\u003c/b\u003e\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Sensex fell 48.88 points or 0.09% to 55,769.23 and \u003ca href=\\\\\\\"https://opoyi.com/topics/nifty/\\\\\\\"\u003eNifty\u003c/a\u003e\\\\nwas down by 43.70 points or 0.26% to 16,584.30 in the previous\\\\nsession. Sensex touched a high and low of 56,432.65\\\\nand 55,719.36, respectively. There were 12 stocks advancing against 18 stocks\\\\ndeclining on the index. Nifty traded in a range of 16,793.85 and 16,567.90.\\\\nThere were 11 stocks advancing against 39 stocks declining on the index.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/upi-transactions-cross-rs-10-lakh-crore-milestone-in-may-159043/\\\\\\\"\u003eUPI transactions cross Rs 10 lakh crore milestone in May\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eBroader Indices\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The broader indices ended in red with the BSE Mid cap\\\\nindex falling 1.45% while Small-cap index was down by 1.16%. On the sectoral front,\\\\nIT was up by 0.35%, Energy was up by 0.28% and TECK was up by 0.20%, while\\\\nPower was down by 2.40%, Basic Materials was down by 2.31%, Utilities was down\\\\nby 2.21%, Auto was down by 1.74%, Consumer Durables was down by 1.58% were the\\\\nlosing indices on BSE.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/india/explained-impact-of-mpc-meeting-on-stock-market-608957/\\\\\\\"\u003eExplained: Impact of MPC meeting on stock market\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eIndia VIX Index\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Nifty or India VIX, a gauge of the market's expectation of volatility over the near term, fell 1.70% to 19.98 on Friday.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eSGX Nifty\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The trends on SGX Nifty indicate a positive opening for the index in India with an 18-points gain. The Nifty futures were trading at 16,497.50 on the Singaporean Exchange around 06:50 hours IST.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eSupport and Resistance levels\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The key support\\\\nlevel for the Nifty is placed at 16,503, followed by 16,423. If the index moves\\\\nup, the key resistance levels to watch out for are 16,729 and 16,875, according to pivot\\\\ncharts.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/india/india-q4-gdp-eight-core-industries-grow-84-in-april-hitting-six-months-high-249544/\\\\\\\"\u003eIndia Q4 GDP: Eight core industries grow 8.4% in April hitting six months high\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/topics/nasdaq/\\\\\\\"\u003e\u003cb\u003eUS Markets\u003c/b\u003e\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The S\u0026amp;P 500\\\\nfell 68.25 points, or 1.63%, to 4,108.54.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Dow Jones\\\\nIndustrial Average fell 348.58 points, or 1.05%, to 32,899.70.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The \u003ca href=\\\\\\\"https://opoyi.com/topics/nasdaq/\\\\\\\"\u003eNasdaq\u003c/a\u003e fell\\\\n304.16 points, or 2.47%, to 12,012.73.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Russell 2000 index\\\\nof smaller companies fell 14.62 points, or 0.77%, to 1,883.05.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eAsian Markets\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Asian markets ended\\\\nmostly higher on Friday. The Nikkei\\\\nrose 1.27% and Jakarta\\\\nComposite rose 0.48%. Markets in mainland \u003ca href=\\\\\\\"https://opoyi.com/topics/china/\\\\\\\"\u003eChina\u003c/a\u003e, Hong Kong and \u003ca href=\\\\\\\"https://opoyi.com/topics/taiwan/\\\\\\\"\u003eTaiwan\u003c/a\u003e were\\\\nclosed for the Dragon Boat Festival holiday.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eEuropean Markets\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"European markets ended lower on Friday, Germany’s DAX was down by 0.17%, France's CAC 40 was down by 0.23% and London's FTSE\\\\n100 was down by 0.98%.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/india/gdp-manufacturing-sector-falls-02-owing-to-high-input-prices-159854/\\\\\\\"\u003eIndia Q4 GDP: Manufacturing sector falls 0.2% owing to high input prices\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eMajor News Headlines\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eMinda\\\\nIndustries announces record date for bonus share and dividend payment\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Minda Industries Limited (MIL) has announced record date\\\\nfor bonus share and dividend payment. The board of directors of the mid-cap\\\\nauto ancillary company has recommended 1:1 bonus share and a final dividend of\\\\nRe 1 per equity share on face value of Rs 2\u0026nbsp;\\\\nper equity share for the financial year 2021-22, subject to approval of\\\\nshareholders of the company in next AGM. The record date for bonus share and\\\\nfinal dividend payment has been fixed on July 8, 2022. \\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eAdani\\\\nGroup to acquire Essar Power’s transmission line for Rs 1,913 crore\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Adani Transmission has signed a Share Purchase agreement\\\\nwith Essar Power to acquire its 100% stake in Essar Power Transmission company\\\\n(EPTCL) for Rs 1,913 crore. The acquisition is a part of the company’s\\\\nvalue-added growth strategy through organic as well as inorganic growth\\\\nopportunities.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/how-india-can-fight-ransomware-attacks-260225/\\\\\\\"\u003eHow India can fight ransomware attacks\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eSBI Mutual Fund acquires 59,171 equity shares in V-Guard\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"SBI Mutual Fund through its various schemes bought 59,171\\\\nequity shares in the company through open market transactions on June 2. With\\\\nthis, its shareholding in the company increased to 9.04% from 9.027% earlier.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eSEBI\\\\nrevokes securities market ban on Poonawala Finance’s Abhay Bhutada\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/topics/sebi/\\\\\\\"\u003eSEBI\u003c/a\u003e revoked the securities market ban imposed on Abhay\\\\nBhutada, Managing Director of Poonawalla Finance, in a care related to alleged\\\\ninsider trading activities in the shares of Magma Fincorp, (which is now known\\\\nas Poonawalla Fincorp). According to a PTI report, SEBI conducted a detailed\\\\ninvestigation into the matter and found that Abhay Bhutada had not communicated\\\\nUPSI (unpublished price sensitive information).\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/world/theres-a-buffer-why-imfs-gita-gopinath-thinks-risk-of-a-recession-is-low-228497/\\\\\\\"\u003e'There's a buffer': Why IMF's Gita Gopinath thinks risk of a recession is low\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/topics/bulkdeal/\\\\\\\"\u003e\u003cb\u003eBulk Deal data\u003c/b\u003e\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"OLGA TRADING PRIVATE LIMITED sold 3,40,000 shares in ASL Industries Limited at Rs 29.55 per share on the \u003ca href=\\\\\\\"https://opoyi.com/topics/nse/\\\\\\\"\u003eNSE\u003c/a\u003e.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"AJAY HARKISHANDAS MEHTA sold 6,75,000 shares in Compuage Infocom Limited at Rs 27.24 per share on the NSE.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"MUNDRA PRAHALAD KUMAR bought 65,50,000 shares in Integra Essentia Limited at Rs 0.10 per share on the \u003ca href=\\\\\\\"https://opoyi.com/topics/nse/\\\\\\\"\u003eNSE\u003c/a\u003e.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"SANJAY POPATLAL JAIN bought 1,86,000 shares in Goldstar Power Limited at Rs 24.55 per share on the \u003ca href=\\\\\\\"https://opoyi.com/topics/nse/\\\\\\\"\u003eNSE\u003c/a\u003e.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/india/how-us-fed-rate-hike-impacts-the-indian-rupee-332980/\\\\\\\"\u003eHow US Fed rate hike impacts the Indian rupee\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"ASHISH SHARADKUMAR NEMANI bought 1,60,000 shares in Globesecure Techno Limited at Rs 38.95 per share on the NSE.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"STOCK PLANET PRIVATE LIMITED bought 2,00,340 shares in SecUR Credentials Limited at Rs 58.00 per share on the \u003ca href=\\\\\\\"https://opoyi.com/topics/nse/\\\\\\\"\u003eNSE\u003c/a\u003e.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"WINTON ROAVIC LLP sold 12,00,000 shares in Selan Exploration Technology Limited at Rs 199.00 per share on the \u003ca href=\\\\\\\"https://opoyi.com/topics/nse/\\\\\\\"\u003eNSE\u003c/a\u003e.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/india/how-inflation-affects-rbis-interest-rate-policy-329823/\\\\\\\"\u003eHow inflation affects RBI’s interest rate policy\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"SANJANA CRYOGENIC STORAGES LTD sold 3,00,000 shares in Simplex Infrastructures Limited at Rs 70.93 per share on the NSE.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"PRABHAT FINANCIAL SERVICES LIMITED sold 72,000 shares in Sonu Infratech Limited at Rs 22.60 per share on the \u003ca href=\\\\\\\"https://opoyi.com/topics/nse/\\\\\\\"\u003eNSE\u003c/a\u003e.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"ASHISH SHARADKUMAR NEMANI sold 77,000 shares in Vaishali Pharma Limited at Rs 78.98 per share on the \u003ca href=\\\\\\\"https://opoyi.com/topics/nse/\\\\\\\"\u003eNSE\u003c/a\u003e.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/world/explained-changes-in-repo-rates-and-their-impact-on-stock-market-340419/\\\\\\\"\u003eExplained: Changes in repo rates and their impact on stock market\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/topics/fiianddii/\\\\\\\"\u003e\u003cb\u003eDII and FII data\u003c/b\u003e\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Foreign institutional investors (FIIs) sold shares worth a net Rs 3,770.51 crore, while domestic\\\\ninstitutional investors (DIIs) bought\\\\nshares worth a net Rs 2,360.51 crore in the Indian equity market on June 3, as per provisional\\\\ndata available on the NSE.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/health/why-us-inflation-is-going-up-and-when-will-it-calm-down-438404/\\\\\\\"\u003eWhy US inflation is going up and when will it come down\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/topics/foban/\\\\\\\"\u003e\u003cb\u003eNSE F\u0026amp;O Ban\u003c/b\u003e\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The National Stock Exchange has not put any stock under the F\u0026amp;O ban for June 6. Securities in the\\\\nban period under the F\u0026amp;O segment include companies in which the security\\\\nhas crossed 95% of the market-wide position limit.\\\"}}]}","relatedPosts":null,"location":null,"createdBy":{"name":"Devanshu Singla","photo":"","username":"devanshusingla","id":"aJeiSJdpGmAb","role":null},"topics":[{"name":"TradeSetup","slug":"tradesetup","id":"odcbbjEYtYHE","isSection":0},{"name":"StockMarket","slug":"stockmarket","id":"vHCI0WQLTd1o","isSection":0},{"name":"BSE","slug":"bse","id":"2seBd7Lyb8z6","isSection":0},{"name":"Nifty","slug":"nifty","id":"2JvkXElbbqnQ","isSection":0},{"name":"Sensex","slug":"sensex","id":"MhfKMlGWFTBF","isSection":0},{"name":"ShareMarket","slug":"sharemarket","id":"PkCsd9oT2rCN","isSection":0},{"name":"SEBI","slug":"sebi","id":"3nLmnZjR2Qlg","isSection":0},{"name":"AdaniGroup","slug":"adanigroup","id":"aDNXKtrHcL0q","isSection":0},{"name":"BulkDeal","slug":"bulkdeal","id":"hhAiScHAHTyh","isSection":0},{"name":"NASDAQ","slug":"nasdaq","id":"kXDItAdh3a8f","isSection":0},{"name":"NSE","slug":"nse","id":"74WQDLQfPQDQ","isSection":0},{"name":"Business","slug":"business","id":"1hd39Bl2AdAV","isSection":1}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Devanshu Singla","id":"aJeiSJdpGmAb","username":"devanshusingla","role":2,"userType":0}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-06-06T06:49:03+05:30","publisher":0,"sourceFeed":null,"cleanText":"Indian equity benchmarks pared all the early gains and ended marginally lower on Friday dragged by heavy selling in Power, Basic Materials, Utilities and Auto stocks. The market started on a positive note and stayed in green for the most part of the day, as sentiments got boosted as SBI Research projected the Indian economy to grow at 7.5% in 2022-23, an upward revision of 20 basis points from its earlier estimate. Also Read| Why interest rates are being hiked globally?,The Nifty50 has formed a long negative candle on the daily chart though the pattern comes amid rangebound movement, ruling out any sharp negative impact, according to Nagaraj Shetti, Technical Research Analyst at HDFC Securities. Also Read| Exports grew 15% in May, trade deficit widens to $23.33 billion,Any rise from the 200-day exponential moving average could find selling pressure near 16,800, unless the hurdle is broken out decisively on the upside. On the weekly chart, the index has formed a small bull candle with an upper shadow, suggesting the presence of crucial resistance at the highs, he said. Indian Indices,Sensex fell 48.88 points or 0.09% to 55,769.23 and Nifty was down by 43.70 points or 0.26% to 16,584.30 in the previous session. Sensex touched a high and low of 56,432.65 and 55,719.36, respectively. There were 12 stocks advancing against 18 stocks declining on the index. Nifty traded in a range of 16,793.85 and 16,567.90. There were 11 stocks advancing against 39 stocks declining on the index. Also Read| UPI transactions cross Rs 10 lakh crore milestone in May,Broader Indices,The broader indices ended in red with the BSE Mid cap index falling 1.45% while Small-cap index was down by 1.16%. On the sectoral front, IT was up by 0.35%, Energy was up by 0.28% and TECK was up by 0.20%, while Power was down by 2.40%, Basic Materials was down by 2.31%, Utilities was down by 2.21%, Auto was down by 1.74%, Consumer Durables was down by 1.58% were the losing indices on BSE. Also Read| Explained: Impact of MPC meeting on stock market,India VIX Index,Nifty or India VIX, a gauge of the market's expectation of volatility over the near term, fell 1.70% to 19.98 on Friday. SGX Nifty,The trends on SGX Nifty indicate a positive opening for the index in India with an 18-points gain. The Nifty futures were trading at 16,497.50 on the Singaporean Exchange around 06:50 hours IST. Support and Resistance levels,The key support level for the Nifty is placed at 16,503, followed by 16,423. If the index moves up, the key resistance levels to watch out for are 16,729 and 16,875, according to pivot charts. Also Read| India Q4 GDP: Eight core industries grow 8.4% in April hitting six months high,US Markets,The S\u0026P 500 fell 68.25 points, or 1.63%, to 4,108.54. The Dow Jones Industrial Average fell 348.58 points, or 1.05%, to 32,899.70. The Nasdaq fell 304.16 points, or 2.47%, to 12,012.73. The Russell 2000 index of smaller companies fell 14.62 points, or 0.77%, to 1,883.05. Asian Markets,Asian markets ended mostly higher on Friday. The Nikkei rose 1.27% and Jakarta Composite rose 0.48%. Markets in mainland China, Hong Kong and Taiwan were closed for the Dragon Boat Festival holiday. European Markets,European markets ended lower on Friday, Germany’s DAX was down by 0.17%, France's CAC 40 was down by 0.23% and London's FTSE 100 was down by 0.98%. Also Read| India Q4 GDP: Manufacturing sector falls 0.2% owing to high input prices,Major News Headlines,Minda Industries announces record date for bonus share and dividend payment,Minda Industries Limited (MIL) has announced record date for bonus share and dividend payment. The board of directors of the mid-cap auto ancillary company has recommended 1:1 bonus share and a final dividend of Re 1 per equity share on face value of Rs 2 per equity share for the financial year 2021-22, subject to approval of shareholders of the company in next AGM. The record date for bonus share and final dividend payment has been fixed on July 8, 2022. ,Adani Group to acquire Essar Power’s transmission line for Rs 1,913 crore,Adani Transmission has signed a Share Purchase agreement with Essar Power to acquire its 100% stake in Essar Power Transmission company (EPTCL) for Rs 1,913 crore. The acquisition is a part of the company’s value-added growth strategy through organic as well as inorganic growth opportunities. Also Read| How India can fight ransomware attacks,SBI Mutual Fund acquires 59,171 equity shares in V-Guard,SBI Mutual Fund through its various schemes bought 59,171 equity shares in the company through open market transactions on June 2. With this, its shareholding in the company increased to 9.04% from 9.027% earlier. SEBI revokes securities market ban on Poonawala Finance’s Abhay Bhutada,SEBI revoked the securities market ban imposed on Abhay Bhutada, Managing Director of Poonawalla Finance, in a care related to alleged insider trading activities in the shares of Magma Fincorp, (which is now known as Poonawalla Fincorp). According to a PTI report, SEBI conducted a detailed investigation into the matter and found that Abhay Bhutada had not communicated UPSI (unpublished price sensitive information). Also Read| 'There's a buffer': Why IMF's Gita Gopinath thinks risk of a recession is low,Bulk Deal data,OLGA TRADING PRIVATE LIMITED sold 3,40,000 shares in ASL Industries Limited at Rs 29.55 per share on the NSE. AJAY HARKISHANDAS MEHTA sold 6,75,000 shares in Compuage Infocom Limited at Rs 27.24 per share on the NSE. MUNDRA PRAHALAD KUMAR bought 65,50,000 shares in Integra Essentia Limited at Rs 0.10 per share on the NSE. SANJAY POPATLAL JAIN bought 1,86,000 shares in Goldstar Power Limited at Rs 24.55 per share on the NSE. Also Read| How US Fed rate hike impacts the Indian rupee,ASHISH SHARADKUMAR NEMANI bought 1,60,000 shares in Globesecure Techno Limited at Rs 38.95 per share on the NSE. STOCK PLANET PRIVATE LIMITED bought 2,00,340 shares in SecUR Credentials Limited at Rs 58.00 per share on the NSE. WINTON ROAVIC LLP sold 12,00,000 shares in Selan Exploration Technology Limited at Rs 199.00 per share on the NSE. Also Read| How inflation affects RBI’s interest rate policy,SANJANA CRYOGENIC STORAGES LTD sold 3,00,000 shares in Simplex Infrastructures Limited at Rs 70.93 per share on the NSE. PRABHAT FINANCIAL SERVICES LIMITED sold 72,000 shares in Sonu Infratech Limited at Rs 22.60 per share on the NSE. ASHISH SHARADKUMAR NEMANI sold 77,000 shares in Vaishali Pharma Limited at Rs 78.98 per share on the NSE. Also Read| Explained: Changes in repo rates and their impact on stock market,DII and FII data,Foreign institutional investors (FIIs) sold shares worth a net Rs 3,770.51 crore, while domestic institutional investors (DIIs) bought shares worth a net Rs 2,360.51 crore in the Indian equity market on June 3, as per provisional data available on the NSE. Also Read| Why US inflation is going up and when will it come down,NSE F\u0026O Ban,The National Stock Exchange has not put any stock under the F\u0026O ban for June 6. Securities in the ban period under the F\u0026O segment include companies in which the security has crossed 95% of the market-wide position limit.","portalUser":{"id":"MK3GmgLG7wo1","name":"Opoyi Business","username":"OpoyiBusiness","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_D6026Kum9dg.jpg","role":2,"userType":1},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":null,"keywords":"Indian,Essar Power,Abhay Bhutada,NSE,SBI Research,Nifty50,HDFC Securities,Indian Indices Sensex,Nifty,Utilities,VIX,Nasdaq,Russell,Asian,Trade setup, stock market, share market, sensex, nifty, NSE, BSE,Trade setup June 6,Trade setup today","originalPublishedOn":"2022-06-06T06:49:03+05:30"}},{"node":{"id":"3s60QFphErxr","slug":"english/trade-setup-top-15-things-to-know-before-market-opens-on-may-18-2022","slugV2":"india/trade-setup-top-15-things-to-know-before-market-opens-on-may-18-2022-135160/","title":"Trade Setup: Top 15 things to know before market opens on May 18, 2022","postType":1,"coverMedia":"/opoyi_hQ4MV2MGy.jpg","coverCaption":"The broader indices ended in green with the BSE Midcap index rising 2.51%, while the Small cap index was up by 2.78%. (Photo Credit: Representational Image/Pixabay)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-05-18T06:45:48+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eSensex rose 1344.63 points or 2.54% to 54,318.47 and Nifty was up by 417.00 points or 2.63% to 16,259.30\u003c/li\u003e\n \u003cli\u003eNifty or India VIX fell 7.28% to 22.74 on Tuesday\u003c/li\u003e\n \u003cli\u003eThe trends on SGX Nifty indicate a negative opening for the index in India\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1652836547584,\\\"strCount\\\":13365,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Tuesday was a fantastic trading day for Dalal Street, with both the Sensex and Nifty finishing with gains of more than 2% each, recapturing their critical 54,300 (Sensex) and 16,250 (Nifty) levels.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/entertainment/disney-releases-she-hulk-trailer-all-you-need-to-know-383597/\\\\\\\"\u003eDisney releases She-Hulk trailer: All you need to know\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Nifty50 has formed a long bullish candle on the daily chart in a broadly positive signal for the short term, according to Shrikant Chouhan, Head of Equity Research (Retail) at Kotak Securities.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/world/jan-6-investigation-panel-rejects-justice-departments-transcript-request-568851/\\\\\\\"\u003eJan 6 investigation panel rejects Justice Department's transcript request\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"He sees 16,150 as the trend deciding level for traders, above which, the positive momentum is likely to continue till 16,380-16,450-odd levels in his view. However, in case the index slides below that level, some quick intraday correction will be on the cards making it retest 16,080-16,050 levels, he said.\u0026nbsp;\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/usa/us-justice-department-sues-casino-mogul-steve-wynn-over-ties-with-china-278237/\\\\\\\"\u003eUS Justice Department sues casino mogul Steve Wynn over ties with China\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/topics/closingbell/\\\\\\\"\u003e\u003cb\u003eIndian Indices\u003c/b\u003e\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Sensex rose 1344.63 points or 2.54% to 54,318.47 and Nifty was up by 417.00 points or 2.63% to 16,259.30 in the previous session. Sensex touched a high and low of 54,399.42 and 53,176.02, respectively. All 30 stocks advanced on the index. Nifty traded in a range of 16,284.25 and 15,900.80. All 50 stocks advanced on the index.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/world/what-are-the-effects-of-the-fed-raising-interest-rates-to-fight-inflation-386419/\\\\\\\"\u003eWhat are the effects of the Fed raising interest rates to fight inflation?\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eBroader Indices\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The broader indices ended in green with the BSE Midcap index rising 2.51%, while the Small cap index was up by 2.78%. The top gaining sectoral indices on the BSE were Metal up by 7.62%, Basic Materials up by 4.26%, Energy up by 4.13%, Oil \u0026amp; Gas up by 3.52% and \u003ca href=\\\\\\\"https://opoyi.com/topics/telecom/\\\\\\\"\u003eTelecom\u003c/a\u003e up by 3.31%, while there were no losing sectoral indices on the BSE.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/world/who-was-rosmarie-trapp-sound-of-music-familys-eldest-dead-at-93-387997/\\\\\\\"\u003eWho was Rosmarie Trapp, ‘Sound of Music’ family’s eldest dead at 93?\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eIndia VIX Index\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Nifty or India VIX, a gauge of the market's expectation of volatility over the near term, fell 7.28% to 22.74 on Tuesday.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/entertainment/cannes-2022-all-that-volodymyr-zelensky-said-on-war-and-cinema-552824/\\\\\\\"\u003eNameless dictator vs power of cinema - who will win? Zelensky votes the art\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eSGX Nifty\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The trends on SGX Nifty indicate a flat opening for the index in India with a 1-point gain. The Nifty futures were trading at 16,256.50 on the Singaporean Exchange around 06:40 hours IST.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/entertainment/slap-back-reverb-will-chris-rock-host-the-oscars-in-2023-499519/\\\\\\\"\u003eSlap back reverb: Will Chris Rock host the Oscars in 2023?\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eSupport and Resistance levels\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The key support level for the Nifty is placed at 16,012, followed by 15,765. If the index moves up, the key resistance levels to watch out for are 16,395 and 16,532, according to pivot charts.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/entertainment/netflix-fires-150-employees-2-of-us-workforce-amid-revenue-issues-343897/\\\\\\\"\u003eNetflix fires 150 employees, 2% of US workforce, amid revenue issues\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/topics/nasdaq/\\\\\\\"\u003e\u003cb\u003eUS Markets\u003c/b\u003e\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The S\u0026amp;P 500 rose 80.84 points, or 2%, to 4,088.85.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Dow Jones Industrial Average rose 431.17 points, or 1.3%, to 32,654.59.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Nasdaq rose 321.73 points, or 2.8%, to 11,984.52.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Russell 2000 index of smaller companies rose 56.87 points, or 3.2%, to 1,840.30.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/world/yellowstone-prequel-series-1932-helen-mirren-and-harrison-ford-bagged-for-roles-649554/\\\\\\\"\u003eYellowstone prequel series, 1932: Helen Mirren and Harrison Ford bagged for roles\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eAsian Markets\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/topics/asian/\\\\\\\"\u003eAsian\u003c/a\u003e markets finished broadly higher yesterday with shares in Hong Kong leading the region. The Hang Seng was up 3.27% while China's Shanghai Composite was up 0.65% and Japan's Nikkei 225 was up 0.42%.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/world/premier-league-liverpool-beats-southampton-2-1-title-race-now-tense-123219/\\\\\\\"\u003ePL: Liverpool beats Southampton 2-1, title race with City now tense\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eEuropean Markets\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"European markets finished broadly higher yesterday with shares in \u003ca href=\\\\\\\"https://opoyi.com/topics/germany/\\\\\\\"\u003eGermany\u003c/a\u003e leading the region. The DAX was up 1.59% while France's CAC 40 was up 1.30% and London's FTSE 100 was up 0.72%.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/world/who-is-bulat-fassakhov-russian-soldier-accused-of-gang-raping-child-215169/\\\\\\\"\u003eWho is Bulat Fassakhov, Russian soldier accused of gang-raping child?\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eMajor News Headlines\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/business/lic-ipo-heres-why-shares-listed-at-8-discount-to-the-issue-price-432323/\\\\\\\"\u003e\u003cb\u003eLIC IPO: Here's why shares listed at 8% discount to the issue price\u003c/b\u003e\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Shares of \u003ca href=\\\\\\\"https://opoyi.com/topics/lic/\\\\\\\"\u003eLife Insurance Corporation of India (LIC)\u003c/a\u003e made a drab market debut on Tuesday, with the stock listing at Rs 872 each on the \u003ca href=\\\\\\\"https://opoyi.com/topics/nse/\\\\\\\"\u003eNSE\u003c/a\u003e, a discount of about 8% from its IPO issue price of Rs 949 per share. \u003ca href=\\\\\\\"https://opoyi.com/topics/lic/\\\\\\\"\u003eLIC\u003c/a\u003e shares began trading on the BSE at Rs 867. The shares climbed to Rs 886 per share in early trading but remained below the issue price. According to stock market analysts, allottees who applied for listing gains can hold the stock with a stop loss at Rs 800, while new investors can continue to acquire LIC shares in a measured way with a stop loss of around Rs 735 per share levels. Following a successful initial public offering that netted the government Rs 20,557 crore, LIC set the issue price of its shares at Rs 949 per share. The LIC IPO, India's largest to date, ended with approximately three times subscription, primarily from retail and institutional investors, while foreign investor participation remained low.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/business/indias-wpi-inflation-rises-to-1508-highest-in-17-years-329038/\\\\\\\"\u003e\u003cb\u003eIndia's WPI inflation rises to 15.08%, highest in 17 years\u003c/b\u003e\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"India’s \u003ca href=\\\\\\\"https://opoyi.com/india/how-inflation-affects-rbis-interest-rate-policy-329823/\\\\\\\"\u003einflation\u003c/a\u003e based on the Wholesale Price Index (WPI) rose to 15.08% in April, according to data released by the Ministry of Commerce \u0026amp; Industry on May 17. The WPI inflation grew 14.55% during March, while the WPI for February was revised to 13.11% from 13.43%, the data showed. The WPI inflation was 10.74% in April 2021. The WPI inflation has extended its stay in double-digit territory for the 13th consecutive month starting from April 2021. The \u003ca href=\\\\\\\"https://opoyi.com/food/how-russias-invasion-of-ukraine-has-hampered-global-food-supply-chain-617223/\\\\\\\"\u003efood\u003c/a\u003e articles segment saw a rise of 8.35% in April, the data showed. In March, this was 8.06%. The marginal month-on-month rise can be attributed to a rise in vegetable prices. Vegetable prices surged 23.24% in April, against a rise of 19.88% in March, the data showed. Prices of potatoes rose 19.84% while that of onions slipped (-)4.02%. The prices of fruits witnessed a spike of 10.89% last month from 10.62% in March, while that of wheat slipped to 10.70% from 14.04% a month ago. Eggs, meat and fish prices eased to 4.50% in April from 9.42% in March and cereals rose 7.80% last month as compared with 8.12% in March.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/business/fedfina-dreamfolks-archean-chemical-get-sebis-approval-to-launch-ipos-493426/\\\\\\\"\u003e\u003cb\u003eFedFina, Dreamfolks, Archean Chemical get SEBI's approval to launch IPOs\u003c/b\u003e\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Capital markets regulator \u003ca href=\\\\\\\"https://opoyi.com/india/sebi-proposes-banning-celebrity-endorsement-of-cryptos-365491/\\\\\\\"\u003eSecurities Exchange Board\u003c/a\u003e of \u003ca href=\\\\\\\"https://opoyi.com/india/\\\\\\\"\u003eIndia\u003c/a\u003e (SEBI) has approved the Initial Public Offerings (IPOs) of three companies including Federal Bank’s subsidiary Fedbank Financial Services, airport service aggregator platform Dreamfolks Services and speciality marine chemical manufacturer Archean Chemical Industries. These companies filed their preliminary IPO papers with \u003ca href=\\\\\\\"https://opoyi.com/topics/sebi/\\\\\\\"\u003eSEBI\u003c/a\u003e in January and February and received an observation letter from the regulator during May 9-13, according to an update with the SEBI shown on Tuesday. In SEBI’s language, observation means the company concerned has received the approval to launch the IPO.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/india/sebi-proposes-banning-celebrity-endorsement-of-cryptos-365491/\\\\\\\"\u003e\u003cb\u003eSEBI proposes banning celebrity endorsement of cryptos\u003c/b\u003e\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Securities \u0026amp; Exchange Board of \u003ca href=\\\\\\\"https://opoyi.com/india/\\\\\\\"\u003eIndia\u003c/a\u003e (SEBI) has suggested that no 'prominent public figures, including celebrities and sportsmen,' should endorse \u003ca href=\\\\\\\"https://opoyi.com/business/explained-how-the-crypto-landscape-has-changed-in-india-420099/\\\\\\\"\u003ecrypto\u003c/a\u003e products. The market regulator proposed that companies promoting cryptos and digital assets should also put up disclosures listing possible law violations. In April, \u003ca href=\\\\\\\"https://opoyi.com/topics/sebi/\\\\\\\"\u003eSEBI\u003c/a\u003e clarified its position on the matter with India’s Parliamentary Standing Committee on Finance when members asked questions on various aspects of crypto. As a result, the market regulator submitted a detailed written response to the Parliamentary Panel. The Advertising Standards Council of India (ASCI) issued crypto advertising guidelines in February and the Ministry of Finance had urged the SEBI to share its stance on such ads. The market regulator also said that prominent public figures should be held responsible for making such endorsements which is a possible violation of the Consumer Protection Act or any other law. According to the \u003ca href=\\\\\\\"https://opoyi.com/business/asci-releases-guidelines-for-crypto-and-nft-ads-120851/\\\\\\\"\u003eASCI guidelines\u003c/a\u003e, all ads should carry a disclaimer saying, \\\\\\\"Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions\\\\\\\". Such a disclaimer should be made in the following manner so that it is prominent and unmissable by an average consumer, said the advertising watchdog.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/sports/ipl-2022-jasprit-bumrahs-bouncy-journey-to-250-t20-wickets-218382/\\\\\\\"\u003eIPL 2022: Jasprit Bumrah's bouncy journey to 250 T20 wickets\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/topics/bulkdeal/\\\\\\\"\u003e\u003cb\u003eBulk Deal data\u003c/b\u003e\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"MIKER FINANCIAL CONSULTANTS PVT LTD sold 45,000 shares in AAA Technologies Limited at Rs 71.20 per share on the \u003ca href=\\\\\\\"https://opoyi.com/topics/nse/\\\\\\\"\u003eNSE\u003c/a\u003e.\u0026nbsp;\u0026nbsp;\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"ALPHA LEON ENTERPRISES LLP bought 2,21,823 shares in Agro Phos India Limited at Rs 48.25 per share on the NSE.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"INDUSIND BANK LTD CLIENT A/C sold 22,00,000 shares in Birla Tyres Limited at Rs 9.95 per share on the \u003ca href=\\\\\\\"https://opoyi.com/topics/nse/\\\\\\\"\u003eNSE\u003c/a\u003e.\u0026nbsp;\u0026nbsp;\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/world/china-eastern-flight-data-indicates-intentional-fatal-dive-what-we-know-so-far-679009/\\\\\\\"\u003eChina Eastern flight data indicates intentional fatal dive: What we know so far\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"PMK HOLDINGS PRIVATE LIMITED HOLDINGS PRIVATE sold 3,99,184 shares in Cigniti Technologies Limited at Rs 358.36 per share on the NSE.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"VISHESH GUPTA sold 70,00,000 shares in Integra Essentia Limited at Rs 0.15 per share on the \u003ca href=\\\\\\\"https://opoyi.com/topics/nse/\\\\\\\"\u003eNSE\u003c/a\u003e.\u0026nbsp;\u0026nbsp;\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"HARSHIL PREMJIBHAI KANANI sold 5,14,305 shares in Kanani Industries Limited at Rs 37.08 per share on the NSE.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/world/who-is-mykola-kulichenko-175801/\\\\\\\"\u003eWho is Mykola Kulichenko, the Ukrainian Russia couldn't kill?\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"AFFILADO EDUCATION SYSTEM LLP sold 1,13,095 shares in Sakar Healthcare Limited at Rs 130.01 per share on the \u003ca href=\\\\\\\"https://opoyi.com/topics/nse/\\\\\\\"\u003eNSE\u003c/a\u003e.\u0026nbsp;\u0026nbsp;\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"GOENKA BUSINESS \u0026amp; FINANCE LIMITED sold 1,38,000 shares in Sonu Infratech Limited at Rs 34.00 per share on the NSE.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/india/will-virat-kohli-accept-invitation-to-play-in-pakistan-occupied-kashmir-523592/\\\\\\\"\u003eWill Virat Kohli accept invitation to play in Pakistan Occupied Kashmir?\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/topics/fiianddii/\\\\\\\"\u003e\u003cb\u003eDII and FII data\u003c/b\u003e\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Foreign institutional investors (FIIs) sold shares worth a net Rs 2,192.44 crore, while domestic institutional investors (DIIs) bought shares worth a net Rs 2,294.42 crore in the \u003ca href=\\\\\\\"https://opoyi.com/india/n\\\\\\\"\u003eIndian\u003c/a\u003e equity market on May 17, as per provisional data available on the NSE.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/india/ipl-2022-sunrisers-hyderabad-beat-mumbai-indians-by-3-runs-526859/\\\\\\\"\u003eIPL 2022: Rahul Tripathi, Umran Malik shine in SRH's narrow win over MI\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/topics/foban/\\\\\\\"\u003e\u003cb\u003eNSE F\u0026amp;O Ban\u003c/b\u003e\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"GNFC, Indiabulls Housing Finance, and Punjab National Bank are under the F\u0026amp;O ban for May 18. Securities in the ban period under the F\u0026amp;O segment include companies in which the security has crossed 95% of the market-wide position limit.\\\"}}]}","relatedPosts":null,"location":null,"createdBy":{"name":"Yash Sadhak Shrivastava","photo":"https://opoyi.com/images/opoyi_YTc6hxpHI.jpg?tr=w-600,q-70,dpr","username":"yashsadhak","id":"hVr8BLevnFNI","role":null},"topics":[{"name":"TradeSetup","slug":"tradesetup","id":"odcbbjEYtYHE","isSection":0},{"name":"StockMarket","slug":"stockmarket","id":"vHCI0WQLTd1o","isSection":0},{"name":"Sensex","slug":"sensex","id":"MhfKMlGWFTBF","isSection":0},{"name":"BSE","slug":"bse","id":"2seBd7Lyb8z6","isSection":0},{"name":"NSE","slug":"nse","id":"74WQDLQfPQDQ","isSection":0},{"name":"Nifty","slug":"nifty","id":"2JvkXElbbqnQ","isSection":0},{"name":"ShareMarket","slug":"sharemarket","id":"PkCsd9oT2rCN","isSection":0},{"name":"IndusIndBank","slug":"indusindbank","id":"LuN5yAK5glgT","isSection":0},{"name":"Germany","slug":"germany","id":"OAY7kVupDf3P","isSection":0},{"name":"London","slug":"london","id":"PFIK5nEYHzYU","isSection":0},{"name":"India","slug":"india","id":"Bq4MmUPrXF8p","isSection":1},{"name":"China","slug":"china","id":"gtTvlJMpH5eQ","isSection":0},{"name":"Japan","slug":"japan","id":"anJhzDRc6xxB","isSection":0},{"name":"LIC","slug":"lic","id":"DW8dhye7EZXw","isSection":0},{"name":"PunjabNationalBank","slug":"punjabnationalbank","id":"sXTkfmIcnQxI","isSection":0},{"name":"indian","slug":"indian","id":"YTJpdaKq5t2z","isSection":0},{"name":"Asian","slug":"asian","id":"nmNTdCK1480o","isSection":0},{"name":"HongKong","slug":"hongkong","id":"NjExvisxSkdf","isSection":0},{"name":"France","slug":"france","id":"aF0AipAbPtoh","isSection":0},{"name":"Telecom","slug":"telecom","id":"aDpXbsFABceS","isSection":0},{"name":"SEBI","slug":"sebi","id":"3nLmnZjR2Qlg","isSection":0}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Yash Sadhak Shrivastava","id":"hVr8BLevnFNI","username":"yashsadhak","role":2,"userType":0}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-05-18T06:45:47+05:30","publisher":6,"sourceFeed":null,"cleanText":"Tuesday was a fantastic trading day for Dalal Street, with both the Sensex and Nifty finishing with gains of more than 2% each, recapturing their critical 54,300 (Sensex) and 16,250 (Nifty) levels. Also Read| Disney releases She-Hulk trailer: All you need to know,The Nifty50 has formed a long bullish candle on the daily chart in a broadly positive signal for the short term, according to Shrikant Chouhan, Head of Equity Research (Retail) at Kotak Securities. Also Read| Jan 6 investigation panel rejects Justice Department's transcript request,He sees 16,150 as the trend deciding level for traders, above which, the positive momentum is likely to continue till 16,380-16,450-odd levels in his view. However, in case the index slides below that level, some quick intraday correction will be on the cards making it retest 16,080-16,050 levels, he said. ,Also Read| US Justice Department sues casino mogul Steve Wynn over ties with China,Indian Indices,Sensex rose 1344.63 points or 2.54% to 54,318.47 and Nifty was up by 417.00 points or 2.63% to 16,259.30 in the previous session. Sensex touched a high and low of 54,399.42 and 53,176.02, respectively. All 30 stocks advanced on the index. Nifty traded in a range of 16,284.25 and 15,900.80. All 50 stocks advanced on the index. Also Read| What are the effects of the Fed raising interest rates to fight inflation?,Broader Indices,The broader indices ended in green with the BSE Midcap index rising 2.51%, while the Small cap index was up by 2.78%. The top gaining sectoral indices on the BSE were Metal up by 7.62%, Basic Materials up by 4.26%, Energy up by 4.13%, Oil \u0026 Gas up by 3.52% and Telecom up by 3.31%, while there were no losing sectoral indices on the BSE. Also Read| Who was Rosmarie Trapp, ‘Sound of Music’ family’s eldest dead at 93?,India VIX Index,Nifty or India VIX, a gauge of the market's expectation of volatility over the near term, fell 7.28% to 22.74 on Tuesday. Also Read| Nameless dictator vs power of cinema - who will win? Zelensky votes the art,SGX Nifty,The trends on SGX Nifty indicate a flat opening for the index in India with a 1-point gain. The Nifty futures were trading at 16,256.50 on the Singaporean Exchange around 06:40 hours IST. Also Read| Slap back reverb: Will Chris Rock host the Oscars in 2023?,Support and Resistance levels,The key support level for the Nifty is placed at 16,012, followed by 15,765. If the index moves up, the key resistance levels to watch out for are 16,395 and 16,532, according to pivot charts. Also Read| Netflix fires 150 employees, 2% of US workforce, amid revenue issues,US Markets,The S\u0026P 500 rose 80.84 points, or 2%, to 4,088.85. The Dow Jones Industrial Average rose 431.17 points, or 1.3%, to 32,654.59. The Nasdaq rose 321.73 points, or 2.8%, to 11,984.52. The Russell 2000 index of smaller companies rose 56.87 points, or 3.2%, to 1,840.30. Also Read| Yellowstone prequel series, 1932: Helen Mirren and Harrison Ford bagged for roles,Asian Markets,Asian markets finished broadly higher yesterday with shares in Hong Kong leading the region. The Hang Seng was up 3.27% while China's Shanghai Composite was up 0.65% and Japan's Nikkei 225 was up 0.42%. Also Read| PL: Liverpool beats Southampton 2-1, title race with City now tense,European Markets,European markets finished broadly higher yesterday with shares in Germany leading the region. The DAX was up 1.59% while France's CAC 40 was up 1.30% and London's FTSE 100 was up 0.72%. Also Read| Who is Bulat Fassakhov, Russian soldier accused of gang-raping child?,Major News Headlines,LIC IPO: Here's why shares listed at 8% discount to the issue price,Shares of Life Insurance Corporation of India (LIC) made a drab market debut on Tuesday, with the stock listing at Rs 872 each on the NSE, a discount of about 8% from its IPO issue price of Rs 949 per share. LIC shares began trading on the BSE at Rs 867. The shares climbed to Rs 886 per share in early trading but remained below the issue price. According to stock market analysts, allottees who applied for listing gains can hold the stock with a stop loss at Rs 800, while new investors can continue to acquire LIC shares in a measured way with a stop loss of around Rs 735 per share levels. Following a successful initial public offering that netted the government Rs 20,557 crore, LIC set the issue price of its shares at Rs 949 per share. The LIC IPO, India's largest to date, ended with approximately three times subscription, primarily from retail and institutional investors, while foreign investor participation remained low. India's WPI inflation rises to 15.08%, highest in 17 years,India’s inflation based on the Wholesale Price Index (WPI) rose to 15.08% in April, according to data released by the Ministry of Commerce \u0026 Industry on May 17. The WPI inflation grew 14.55% during March, while the WPI for February was revised to 13.11% from 13.43%, the data showed. The WPI inflation was 10.74% in April 2021. The WPI inflation has extended its stay in double-digit territory for the 13th consecutive month starting from April 2021. The food articles segment saw a rise of 8.35% in April, the data showed. In March, this was 8.06%. The marginal month-on-month rise can be attributed to a rise in vegetable prices. Vegetable prices surged 23.24% in April, against a rise of 19.88% in March, the data showed. Prices of potatoes rose 19.84% while that of onions slipped (-)4.02%. The prices of fruits witnessed a spike of 10.89% last month from 10.62% in March, while that of wheat slipped to 10.70% from 14.04% a month ago. Eggs, meat and fish prices eased to 4.50% in April from 9.42% in March and cereals rose 7.80% last month as compared with 8.12% in March. FedFina, Dreamfolks, Archean Chemical get SEBI's approval to launch IPOs,Capital markets regulator Securities Exchange Board of India (SEBI) has approved the Initial Public Offerings (IPOs) of three companies including Federal Bank’s subsidiary Fedbank Financial Services, airport service aggregator platform Dreamfolks Services and speciality marine chemical manufacturer Archean Chemical Industries. These companies filed their preliminary IPO papers with SEBI in January and February and received an observation letter from the regulator during May 9-13, according to an update with the SEBI shown on Tuesday. In SEBI’s language, observation means the company concerned has received the approval to launch the IPO. SEBI proposes banning celebrity endorsement of cryptos,The Securities \u0026 Exchange Board of India (SEBI) has suggested that no 'prominent public figures, including celebrities and sportsmen,' should endorse crypto products. The market regulator proposed that companies promoting cryptos and digital assets should also put up disclosures listing possible law violations. In April, SEBI clarified its position on the matter with India’s Parliamentary Standing Committee on Finance when members asked questions on various aspects of crypto. As a result, the market regulator submitted a detailed written response to the Parliamentary Panel. The Advertising Standards Council of India (ASCI) issued crypto advertising guidelines in February and the Ministry of Finance had urged the SEBI to share its stance on such ads. The market regulator also said that prominent public figures should be held responsible for making such endorsements which is a possible violation of the Consumer Protection Act or any other law. According to the ASCI guidelines, all ads should carry a disclaimer saying, Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Such a disclaimer should be made in the following manner so that it is prominent and unmissable by an average consumer, said the advertising watchdog. Also Read| IPL 2022: Jasprit Bumrah's bouncy journey to 250 T20 wickets,Bulk Deal data,MIKER FINANCIAL CONSULTANTS PVT LTD sold 45,000 shares in AAA Technologies Limited at Rs 71.20 per share on the NSE. ,ALPHA LEON ENTERPRISES LLP bought 2,21,823 shares in Agro Phos India Limited at Rs 48.25 per share on the NSE. INDUSIND BANK LTD CLIENT A/C sold 22,00,000 shares in Birla Tyres Limited at Rs 9.95 per share on the NSE. ,Also Read| China Eastern flight data indicates intentional fatal dive: What we know so far,PMK HOLDINGS PRIVATE LIMITED HOLDINGS PRIVATE sold 3,99,184 shares in Cigniti Technologies Limited at Rs 358.36 per share on the NSE. VISHESH GUPTA sold 70,00,000 shares in Integra Essentia Limited at Rs 0.15 per share on the NSE. ,HARSHIL PREMJIBHAI KANANI sold 5,14,305 shares in Kanani Industries Limited at Rs 37.08 per share on the NSE. Also Read| Who is Mykola Kulichenko, the Ukrainian Russia couldn't kill?,AFFILADO EDUCATION SYSTEM LLP sold 1,13,095 shares in Sakar Healthcare Limited at Rs 130.01 per share on the NSE. ,GOENKA BUSINESS \u0026 FINANCE LIMITED sold 1,38,000 shares in Sonu Infratech Limited at Rs 34.00 per share on the NSE. Also Read| Will Virat Kohli accept invitation to play in Pakistan Occupied Kashmir?,DII and FII data,Foreign institutional investors (FIIs) sold shares worth a net Rs 2,192.44 crore, while domestic institutional investors (DIIs) bought shares worth a net Rs 2,294.42 crore in the Indian equity market on May 17, as per provisional data available on the NSE. Also Read| IPL 2022: Rahul Tripathi, Umran Malik shine in SRH's narrow win over MI,NSE F\u0026O Ban,GNFC, Indiabulls Housing Finance, and Punjab National Bank are under the F\u0026O ban for May 18. Securities in the ban period under the F\u0026O segment include companies in which the security has crossed 95% of the market-wide position limit.","portalUser":{"id":"MK3GmgLG7wo1","name":"Opoyi Business","username":"OpoyiBusiness","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_D6026Kum9dg.jpg","role":2,"userType":1},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":null,"keywords":"NSE,India,WPI,SEBI,VIX,Dalal Street,Nifty50,Shrikant Chouhan,Equity Research (Retail,Kotak Securities,Indian Indices Sensex,Telecom,the Singaporean Exchange,IST,US Markets Asian Markets,Trade setup, stock market news, stock news, share market news, sensex","originalPublishedOn":"2022-05-18T06:45:47+05:30"}},{"node":{"id":"q1Ohosg2iad7","slug":"english/fedfina-dreamfolks-archean-chemical-get-sebis-approval-to-launch-ipos","slugV2":"business/fedfina-dreamfolks-archean-chemical-get-sebis-approval-to-launch-ipos-493426/","title":"FedFina, Dreamfolks, Archean Chemical get SEBI's approval to launch IPOs","postType":1,"coverMedia":"/opoyi_e-nQGlXCbUf.jpg","coverCaption":"Equity shares of the three companies will be listed on the BSE and NSE (Photo credit: Twitter/ @SEBI_India)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-05-17T22:22:44+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eSEBI has approved IPOs of FedFina, Dreamfolks and Archean Chemical\u003c/li\u003e\n \u003cli\u003eThese companies received an observation letter from SEBI during May 9-13\u003c/li\u003e\n \u003cli\u003eFedFina IPO comprises a fresh issue of worth Rs 900 crore\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1652806362999,\\\"strCount\\\":2865,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Capital markets regulator \u003ca href=\\\\\\\"https://opoyi.com/india/sebi-proposes-banning-celebrity-endorsement-of-cryptos-365491/\\\\\\\"\u003eSecurities Exchange Board\u003c/a\u003e of\\\\n\u003ca href=\\\\\\\"https://opoyi.com/india/\\\\\\\"\u003eIndia\u003c/a\u003e (SEBI) has approved the Initial Public Offerings (IPOs) of three\\\\ncompanies including Federal Bank’s subsidiary Fedbank Financial Services,\\\\nairport service aggregator platform Dreamfolks Services and speciality marine\\\\nchemical manufacturer Archean Chemical Industries.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/indias-wpi-inflation-rises-to-1508-highest-in-17-years-329038/\\\\\\\"\u003eIndia's WPI inflation rises to 15.08%, highest in 17 years\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"These companies filed their preliminary IPO papers with\\\\n\u003ca href=\\\\\\\"https://opoyi.com/topics/sebi/\\\\\\\"\u003eSEBI\u003c/a\u003e in January and February and received an observation letter from the\\\\nregulator during May 9-13, according to an update with the SEBI shown on\\\\nTuesday.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"In SEBI’s language, observation means the company\\\\nconcerned has received the approval to launch the IPO.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"According to the draft papers, the IPO of Fedbank\\\\nFinancial Services Ltd (FedFina) comprises a fresh issue of equity shares worth\\\\nup to Rs 900 crore and an Offer For Sale (OFS) of up to 1,64,97,973 equity\\\\nshares by Federal Bank and up to 2,92,16,313 equity shares by True North Fund\\\\nVI LLP.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/lic-ipo-heres-why-shares-listed-at-8-discount-to-the-issue-price-432323/\\\\\\\"\u003eLIC IPO: Here's why shares listed at 8% discount to the issue price\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The company will utilize the net proceeds from the fresh\\\\nissue towards augmenting its Tier – 1 capital base to meet its future capital\\\\nrequirements arising out of the growth of business and assets.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The IPO of Dreamfolks Services is entirely an OFS of up\\\\nto 2,18,14,200 equity shares by promoters Liberatha Peter Kallat, Dinesh Nagpal\\\\nand Mukesh Yadav. The public offer will include 41.75% of the post-offer\\\\npaid-up equity share capital of the company.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/who-is-ss-mundra-293495/\\\\\\\"\u003eWho is SS Mundra, new BSE chairman?\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Archean Chemical Industries’ IPO comprises a fresh issue\\\\nof equity shares amounting to Rs 1,000 crore and an OFS of up to 1.9 crore\\\\nshares by the promoter and investors, including India the India Resurgence\\\\nFund, a joint venture between Piramal Group and Bain Capital.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/adani-group-makes-an-open-offer-to-acquire-26-stake-of-ambuja-cements-acc-300337/\\\\\\\"\u003eAdani Group makes an open offer to acquire 26% stake in Ambuja Cements, ACC\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"According to a PTI report, the company is expected to\\\\nraise anywhere between Rs 2,000 crore and Rs 2,200 crore through the initial\\\\nshare sale. The company plans to utilize the net proceeds from the fresh issue\\\\nfor the redemption of non-convertible debentures issued by it.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The equity shares of the three companies will be listed\\\\non the BSE and NSE.\\\"}}]}","relatedPosts":null,"location":null,"createdBy":{"name":"Devanshu Singla","photo":"","username":"devanshusingla","id":"aJeiSJdpGmAb","role":null},"topics":[{"name":"SEBI","slug":"sebi","id":"3nLmnZjR2Qlg","isSection":0},{"name":"IPO","slug":"ipo","id":"JcXJ1FRsdnpu","isSection":0},{"name":"StockMarket","slug":"stockmarket","id":"vHCI0WQLTd1o","isSection":0},{"name":"India","slug":"india","id":"Bq4MmUPrXF8p","isSection":1},{"name":"Business","slug":"business","id":"1hd39Bl2AdAV","isSection":1},{"name":"NSE","slug":"nse","id":"74WQDLQfPQDQ","isSection":0},{"name":"BSE","slug":"bse","id":"2seBd7Lyb8z6","isSection":0}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Devanshu Singla","id":"aJeiSJdpGmAb","username":"devanshusingla","role":2,"userType":0}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-05-17T22:22:42+05:30","publisher":6,"sourceFeed":null,"cleanText":"Capital markets regulator Securities Exchange Board of India (SEBI) has approved the Initial Public Offerings (IPOs) of three companies including Federal Bank’s subsidiary Fedbank Financial Services, airport service aggregator platform Dreamfolks Services and speciality marine chemical manufacturer Archean Chemical Industries. Also Read | India's WPI inflation rises to 15.08%, highest in 17 years,These companies filed their preliminary IPO papers with SEBI in January and February and received an observation letter from the regulator during May 9-13, according to an update with the SEBI shown on Tuesday. In SEBI’s language, observation means the company concerned has received the approval to launch the IPO. According to the draft papers, the IPO of Fedbank Financial Services Ltd (FedFina) comprises a fresh issue of equity shares worth up to Rs 900 crore and an Offer For Sale (OFS) of up to 1,64,97,973 equity shares by Federal Bank and up to 2,92,16,313 equity shares by True North Fund VI LLP. Also Read | LIC IPO: Here's why shares listed at 8% discount to the issue price,The company will utilize the net proceeds from the fresh issue towards augmenting its Tier – 1 capital base to meet its future capital requirements arising out of the growth of business and assets. The IPO of Dreamfolks Services is entirely an OFS of up to 2,18,14,200 equity shares by promoters Liberatha Peter Kallat, Dinesh Nagpal and Mukesh Yadav. The public offer will include 41.75% of the post-offer paid-up equity share capital of the company. Also Read | Who is SS Mundra, new BSE chairman?,Archean Chemical Industries’ IPO comprises a fresh issue of equity shares amounting to Rs 1,000 crore and an OFS of up to 1.9 crore shares by the promoter and investors, including India the India Resurgence Fund, a joint venture between Piramal Group and Bain Capital. Also Read | Adani Group makes an open offer to acquire 26% stake in Ambuja Cements, ACC,According to a PTI report, the company is expected to raise anywhere between Rs 2,000 crore and Rs 2,200 crore through the initial share sale. The company plans to utilize the net proceeds from the fresh issue for the redemption of non-convertible debentures issued by it. The equity shares of the three companies will be listed on the BSE and NSE.","portalUser":{"id":"MK3GmgLG7wo1","name":"Opoyi Business","username":"OpoyiBusiness","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_D6026Kum9dg.jpg","role":2,"userType":1},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":null,"keywords":"SEBI,Federal Bank,Dreamfolks Services,Archean Chemical Industries,Securities Exchange Board of India,Fedbank Financial Services,FedFina,Stock market, FedFina IPO, Dreamfolks IPO","originalPublishedOn":"2022-05-17T22:22:42+05:30"}},{"node":{"id":"ja2V86ghSrNc","slug":"english/sebi-proposes-banning-celebrity-endorsement-of-cryptos","slugV2":"india/sebi-proposes-banning-celebrity-endorsement-of-cryptos-365491/","title":"SEBI proposes banning celebrity endorsement of cryptos","postType":1,"coverMedia":"/opoyi_ozn5zQBUJ7z.jpg","coverCaption":"Over the past few weeks, the crypto market has seen a sharp decline (Photo Credit: Unsplash/Representational)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-05-17T22:20:29+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eSEBI has suggested that no prominent public figures should endorse cryptos\u003c/li\u003e\n \u003cli\u003eCompanies promoting cryptos should put up disclosures listing possible law violations\u003c/li\u003e\n \u003cli\u003eASCI issued crypto advertising guidelines in February\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1652806228202,\\\"strCount\\\":3828,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Securities \u0026amp; Exchange Board of \u003ca href=\\\\\\\"https://opoyi.com/india/\\\\\\\"\u003eIndia\u003c/a\u003e (SEBI) has\\\\nsuggested that no 'prominent public figures, including celebrities and\\\\nsportsmen,' should endorse \u003ca href=\\\\\\\"https://opoyi.com/business/explained-how-the-crypto-landscape-has-changed-in-india-420099/\\\\\\\"\u003ecrypto\u003c/a\u003e products. The market regulator proposed that\\\\ncompanies promoting cryptos and digital assets should also put up disclosures\\\\nlisting possible law violations.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"In April, \u003ca href=\\\\\\\"https://opoyi.com/topics/sebi/\\\\\\\"\u003eSEBI\u003c/a\u003e clarified its position on the matter with\\\\nIndia’s Parliamentary Standing Committee on Finance when members asked\\\\nquestions on various aspects of crypto. As a result, the market regulator\\\\nsubmitted a detailed written response to the Parliamentary Panel.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/who-is-ss-mundra-293495/\\\\\\\"\u003eWho is SS Mundra, new BSE chairman?\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Advertising Standards Council of India (ASCI) issued\\\\ncrypto advertising guidelines in February and the Ministry of Finance had urged\\\\nthe SEBI to share its stance on such ads.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"In response, the SEBI reportedly said, \\\\\\\"Given that crypto\\\\nproducts are unregulated, prominent public figures including celebrities,\\\\nsportsmen, etc. or their voice shall not be used for endorsement/advertisement\\\\nof crypto products\\\\\\\".\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/indias-wpi-inflation-rises-to-1508-highest-in-17-years-329038/\\\\\\\"\u003eIndia's WPI inflation rises to 15.08%, highest in 17 years\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The market regulator also said that prominent public\\\\nfigures should be held responsible for making such endorsements which is a\\\\npossible violation of the Consumer Protection Act or any other law.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"According to the \u003ca href=\\\\\\\"https://opoyi.com/business/asci-releases-guidelines-for-crypto-and-nft-ads-120851/\\\\\\\"\u003eASCI guidelines\u003c/a\u003e, all ads should carry a\\\\ndisclaimer saying, \\\\\\\"Crypto products and NFTs are unregulated and can be\\\\nhighly risky. There may be no regulatory recourse for any loss from such\\\\ntransactions\\\\\\\". Such a disclaimer should be made in the following manner so\\\\nthat it is prominent and unmissable by an average consumer, said the\\\\nadvertising watchdog.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/lic-ipo-heres-why-shares-listed-at-8-discount-to-the-issue-price-432323/\\\\\\\"\u003eLIC IPO: Here's why shares listed at 8% discount to the issue price\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"SEBI recommended that the given disclaimer by the ASCI\\\\nmust include the possible law violations in crypto transactions. \\\\\\\"Dealings\\\\nin crypto products may lead to prosecution for possible violation of \u003ca href=\\\\\\\"https://opoyi.com/india/n\\\\\\\"\u003eIndian\u003c/a\u003e\\\\nlaws such as \u003ca href=\\\\\\\"https://opoyi.com/topics/fema/\\\\\\\"\u003eFEMA\u003c/a\u003e, BUDS Act, PMLA, etc”.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Considering the volatile nature of cryptos and consumer\\\\ninterest, SEBI’s proposal may not be completely unwarranted.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Over the past few weeks, the crypto market has seen a\\\\nsharp decline. There is unrest in the market because of TerraUSD’s \u003ca href=\\\\\\\"https://opoyi.com/india/terra-luna-crash-heres-why-the-cryptocurrency-dropped-over-85-241443/\\\\\\\"\u003eLuna’s crash\u003c/a\u003e\\\\nfrom $116 on April 5 to $0 on May 13, a 100% decline in its value. Bitcoin, the\\\\nworld’s biggest cryptocurrency, has slipped 35.75% YTD and currently trading\\\\naround Rs 22 lakh. It has lost more than half of its value since it reached an\\\\nall-time high of $69,000 in November last year.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/twitter-ceo-confident-of-low-spam-user-count-after-elon-musk-put-deal-on-hold-179102/\\\\\\\"\u003eTwitter CEO confident of low spam user count after Elon Musk put deal 'on hold'\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Crypto is yet to be regulated and has been declared\\\\nvirtual digital assets (VDA) for taxation purposes only. Since VDAs are a risky\\\\ncategory, SEBI wants prominent personalities with a huge following to take\\\\nspecial precautions and proper research about the statement and claims made in\\\\nthe advertisement to protect the consumers’ interest.\\\"}}]}","relatedPosts":null,"location":null,"createdBy":{"name":"Devanshu Singla","photo":"","username":"devanshusingla","id":"aJeiSJdpGmAb","role":null},"topics":[{"name":"Cryptocurrency","slug":"cryptocurrency","id":"L7OoyefNLuEh","isSection":0},{"name":"Bitcoin","slug":"bitcoin","id":"b6gsXRHnIQWf","isSection":0},{"name":"SEBI","slug":"sebi","id":"3nLmnZjR2Qlg","isSection":0},{"name":"India","slug":"india","id":"Bq4MmUPrXF8p","isSection":1},{"name":"FEMA","slug":"fema","id":"nffSkRR0bF7z","isSection":0},{"name":"Advertisements","slug":"advertisements","id":"Jhm0zBUxqVQV","isSection":0},{"name":"Blockchain","slug":"blockchain","id":"paU0ITqQFnl3","isSection":0},{"name":"IndiaNews","slug":"indianews","id":"hmzqkpDB7jEj","isSection":0}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Devanshu Singla","id":"aJeiSJdpGmAb","username":"devanshusingla","role":2,"userType":0}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-05-17T22:20:27+05:30","publisher":6,"sourceFeed":null,"cleanText":"The Securities \u0026 Exchange Board of India (SEBI) has suggested that no 'prominent public figures, including celebrities and sportsmen,' should endorse crypto products. The market regulator proposed that companies promoting cryptos and digital assets should also put up disclosures listing possible law violations. In April, SEBI clarified its position on the matter with India’s Parliamentary Standing Committee on Finance when members asked questions on various aspects of crypto. As a result, the market regulator submitted a detailed written response to the Parliamentary Panel. Also Read | Who is SS Mundra, new BSE chairman?,The Advertising Standards Council of India (ASCI) issued crypto advertising guidelines in February and the Ministry of Finance had urged the SEBI to share its stance on such ads. In response, the SEBI reportedly said, Given that crypto products are unregulated, prominent public figures including celebrities, sportsmen, etc. or their voice shall not be used for endorsement/advertisement of crypto products. Also Read | India's WPI inflation rises to 15.08%, highest in 17 years,The market regulator also said that prominent public figures should be held responsible for making such endorsements which is a possible violation of the Consumer Protection Act or any other law. According to the ASCI guidelines, all ads should carry a disclaimer saying, Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Such a disclaimer should be made in the following manner so that it is prominent and unmissable by an average consumer, said the advertising watchdog. Also Read | LIC IPO: Here's why shares listed at 8% discount to the issue price,SEBI recommended that the given disclaimer by the ASCI must include the possible law violations in crypto transactions. Dealings in crypto products may lead to prosecution for possible violation of Indian laws such as FEMA, BUDS Act, PMLA, etc”. Considering the volatile nature of cryptos and consumer interest, SEBI’s proposal may not be completely unwarranted. Over the past few weeks, the crypto market has seen a sharp decline. There is unrest in the market because of TerraUSD’s Luna’s crash from $116 on April 5 to $0 on May 13, a 100% decline in its value. Bitcoin, the world’s biggest cryptocurrency, has slipped 35.75% YTD and currently trading around Rs 22 lakh. It has lost more than half of its value since it reached an all-time high of $69,000 in November last year. Also Read | Twitter CEO confident of low spam user count after Elon Musk put deal 'on hold',Crypto is yet to be regulated and has been declared virtual digital assets (VDA) for taxation purposes only. Since VDAs are a risky category, SEBI wants prominent personalities with a huge following to take special precautions and proper research about the statement and claims made in the advertisement to protect the consumers’ interest.","portalUser":{"id":"MK3GmgLG7wo1","name":"Opoyi Business","username":"OpoyiBusiness","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_D6026Kum9dg.jpg","role":2,"userType":1},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":null,"keywords":"SEBI on crypto, Crypto ads, ASCI guidelines, ASCI crypto , Crypto ad guidelines,FEMA,The Securities Exchange Board of India,SEBI,India,The Advertising Standards Council of India,the Consumer Protection Act,ASCI,Cryptocurrency, crypto news","originalPublishedOn":"2022-05-17T22:20:27+05:30"}},{"node":{"id":"feZcKifBFo38","slug":"english/who-is-ss-mundra","slugV2":"business/who-is-ss-mundra-293495/","title":"Who is SS Mundra, new BSE chairman?","postType":1,"coverMedia":"/opoyi_SsPBhGsSj.jpg","coverCaption":"SS Mundra is a postgraduate from the University of Poona (Photo Credit: PTI)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-05-17T17:03:57+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eBSE has appointed SS Mundra as the chairman of the board of directors\u003c/li\u003e\n \u003cli\u003eMundra will replace current chairman Justice Vikramjit Sen\u003c/li\u003e\n \u003cli\u003eHe was serving as Public Interest Director at BSE since January 2018\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1652787237596,\\\"strCount\\\":2165,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Stock exchange BSE Ltd on May 17 announced that its board\\\\nhas approved the appointment of SS Mundra, Public Interest Director as the chairman of the board of directors of the company, subject to the approval of\\\\n\u003ca href=\\\\\\\"https://opoyi.com/topics/sebi/\\\\\\\"\u003eSEBI\u003c/a\u003e. Mundra will replace current chairman Justice Vikramjit Sen.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\\\\\\\"... the Board of Directors of the Company on\\\\nMonday, May 16, 2022, had considered and approved the appointment of Shri S. S.\\\\nMundra, Public Interest Director as the Chairman of the Board of Directors of\\\\nthe Company, subject to the approval of SEBI,\\\\\\\" it said in a regulatory\\\\nfiling on Tuesday.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Subhash Sheoratan Mundra was appointed as Public Interest\\\\nDirector at BSE in January 2018. He retired as Deputy Governor of the Reserve\\\\nBank of India (RBI) on July 30, 2017, after finishing a stint of three years.\\\\nBefore that, the last position held by him was as Chairman and Managing\\\\nDirector of Bank of Baroda from where he superannuated in July 2014.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"In a banking career spanning more than four decades,\\\\nMundra held several important positions including that of Executive Director of\\\\nUnion Bank of India, and Chief Executive of Bank of Baroda (European\\\\nOperations) amongst others. He also served as RBI’s nominee on the Financial\\\\nStability Board (G20 Forum) and its various committees. Mundra was also the\\\\nVice-chairman of OECD’s International Network on Financial Education (INFE).\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Before joining \u003ca href=\\\\\\\"https://opoyi.com/topics/rbi/\\\\\\\"\u003eRBI\u003c/a\u003e, Mundra also served on Boards of\\\\nseveral multi-dimensional companies like Clearing Corporation of India Ltd\\\\n(CCIL), Central Depository Services (India) Ltd. (CDSL), BOB Asset Management\\\\nCompany, India Infrastructure Finance Corporation (UK) Ltd. (IIFCL), IndiaFirst\\\\nLife Insurance Company Ltd., Star Union Dai-Ichi Life Insurance Company Ltd.,\\\\nNational Payments Corporation of India Ltd., etc.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Mundra is a postgraduate from the University of Poona and\\\\nis a Fellow Member of the Indian Institute of Banking and Finance (FIIB). Amity\\\\nUniversity has conferred the Degree of Doctor of Philosophy (D.Phil), Honoris\\\\nCausa, upon Mundra, in recognition of his services in the field of banking and\\\\nrelated areas.\\\"}}]}","relatedPosts":null,"location":null,"createdBy":{"name":"Devanshu Singla","photo":"","username":"devanshusingla","id":"aJeiSJdpGmAb","role":null},"topics":[{"name":"BSE","slug":"bse","id":"2seBd7Lyb8z6","isSection":0},{"name":"SEBI","slug":"sebi","id":"3nLmnZjR2Qlg","isSection":0},{"name":"StockExchange","slug":"stockexchange","id":"OH9GDHEEbwFC","isSection":0},{"name":"StockMarket","slug":"stockmarket","id":"vHCI0WQLTd1o","isSection":0},{"name":"RBI","slug":"rbi","id":"mmhRjdCmZCj0","isSection":0},{"name":"OECD","slug":"oecd","id":"YhjCZFwbE1fV","isSection":0},{"name":"BombayStockExchange","slug":"bombaystockexchange","id":"UNnDe0vshdxY","isSection":0},{"name":"Finance","slug":"finance","id":"vdfCkTLQAVNK","isSection":0},{"name":"Business","slug":"business","id":"1hd39Bl2AdAV","isSection":1},{"name":"ShareMarket","slug":"sharemarket","id":"PkCsd9oT2rCN","isSection":0}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Devanshu Singla","id":"aJeiSJdpGmAb","username":"devanshusingla","role":2,"userType":0}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-05-17T17:03:28+05:30","publisher":6,"sourceFeed":null,"cleanText":"Stock exchange BSE Ltd on May 17 announced that its board has approved the appointment of SS Mundra, Public Interest Director as the chairman of the board of directors of the company, subject to the approval of SEBI. Mundra will replace current chairman Justice Vikramjit Sen. ... the Board of Directors of the Company on Monday, May 16, 2022, had considered and approved the appointment of Shri S. S. Mundra, Public Interest Director as the Chairman of the Board of Directors of the Company, subject to the approval of SEBI, it said in a regulatory filing on Tuesday. Subhash Sheoratan Mundra was appointed as Public Interest Director at BSE in January 2018. He retired as Deputy Governor of the Reserve Bank of India (RBI) on July 30, 2017, after finishing a stint of three years. Before that, the last position held by him was as Chairman and Managing Director of Bank of Baroda from where he superannuated in July 2014. In a banking career spanning more than four decades, Mundra held several important positions including that of Executive Director of Union Bank of India, and Chief Executive of Bank of Baroda (European Operations) amongst others. He also served as RBI’s nominee on the Financial Stability Board (G20 Forum) and its various committees. Mundra was also the Vice-chairman of OECD’s International Network on Financial Education (INFE). Before joining RBI, Mundra also served on Boards of several multi-dimensional companies like Clearing Corporation of India Ltd (CCIL), Central Depository Services (India) Ltd. (CDSL), BOB Asset Management Company, India Infrastructure Finance Corporation (UK) Ltd. (IIFCL), IndiaFirst Life Insurance Company Ltd. Star Union Dai-Ichi Life Insurance Company Ltd. National Payments Corporation of India Ltd. etc. Mundra is a postgraduate from the University of Poona and is a Fellow Member of the Indian Institute of Banking and Finance (FIIB). Amity University has conferred the Degree of Doctor of Philosophy (D.Phil), Honoris Causa, upon Mundra, in recognition of his services in the field of banking and related areas.","portalUser":{"id":"MK3GmgLG7wo1","name":"Opoyi Business","username":"OpoyiBusiness","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_D6026Kum9dg.jpg","role":2,"userType":1},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":null,"keywords":"Mundra,RBI,BSE Ltd,SEBI,Shri S. S. Mundra,Sheoratan Mundra,the Reserve Bank of India,INFE,SS Mundra, BSE chairman, Justice Vikramjit Sen, BSE,SS Mundra BSE,Stock market, Stock market news, BSE news","originalPublishedOn":"2022-05-17T17:03:28+05:30"}},{"node":{"id":"KHnuKcr8qqR4","slug":"english/lic-ipo-to-be-indias-biggest-ever-public-issue-dipam-secy","slugV2":"business/lic-ipo-to-be-indias-biggest-ever-public-issue-dipam-secy-388700/","title":"LIC IPO to be India's biggest ever public issue: DIPAM Secy","postType":1,"coverMedia":"/opoyi_bOJPwYQjF.jpg","coverCaption":"The price band for the issue is fixed at Rs 902-949 per share (Photo Credit: Twitter/@LICIndiaForever)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-05-04T13:15:00+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eLIC IPO will initially be the biggest ever IPO in the country\u003c/li\u003e\n \u003cli\u003eThe government wants to make LIC a long-term value creator in the equity market\u003c/li\u003e\n \u003cli\u003ePublic issue will open from May 4 till May 9 for the general public\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1651649313205,\\\"strCount\\\":3364,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"India’s largest insurer Life Insurance Corporation of\\\\nIndia \u003ca href=\\\\\\\"https://opoyi.com/business/lic-worlds-third-strongest-insurance-brand-brand-finance-617379/\\\\\\\"\u003e(LIC)\u003c/a\u003e is all set to hit the primary market next month. Department of\\\\nInvestment and Public Asset Management (DIPAM) secretary Tuhin Kanta Pandey in a conference on Wednesday said despite the reduced size of Rs 21,000 crore, the \u003ca href=\\\\\\\"https://opoyi.com/business/lic-ipo-heres-how-policyholders-can-participate-607943/\\\\\\\"\u003eLIC IPO\u003c/a\u003e will initially be\\\\nthe biggest ever IPO in the country. \\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\\\\\\\"This is right-sized considering the capital market\\\\nenvironment and will not crowd out capital and monetary supply, given the\\\\ncurrent environmental constraints,\\\\\\\" Pandey said. \\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\\\\\\\"We want LIC as the\\\\nlong term value creator in the equity market,\\\\\\\" he added. The government\\\\nwants to make LIC a long-term value creator in the equity market.\u0026nbsp;The share of surplus for participating will move from 5% to 10%, Pandey said.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/lic-ipo-this-is-lic-30-says-chairman-mr-kumar-296257/\\\\\\\"\u003eLIC IPO: This is LIC 3.0 says chairman MR Kumar\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"LIC’s public issue will open from May 4 till May 9 for\\\\nthe general public. For the anchor investors, the issue opened on May 2.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The price band for the issue is fixed at Rs 902-949 per\\\\nshare, at the face value of Rs 10 each.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/lic-ipo-to-open-on-may-4-issue-price-fixed-at-rs-902-949-146846/\\\\\\\"\u003eLIC IPO to open on May 4, issue price fixed at Rs 902-949\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"For policyholders, 10% of the LIC IPO is reserved and\\\\nthey will get a discount of Rs 60 per share on the issue price. Retail\\\\ninvestors and employees will be given a discount of Rs 45 per share. The\\\\nemployee reservation portion will be 5% of the post-offer equity share capital.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"More than 9.88 crore shares are reserved for Qualified\\\\nInstitutional Buyers (QIBs) and more than 2.96 crore shares for\\\\nnon-institutional buyers.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/lic-ipo-price-band-fixed-at-rs-902-949-rs-60-discount-for-policyholders-494191/\\\\\\\"\u003eLIC IPO: Price band fixed at Rs 902-949, Rs 60 discount for policyholders\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Investors can bid for a minimum of 15 equity shares and\\\\nin multiples of 15 equity shares thereafter.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The issue will be managed by 10-book running lead\\\\nmanagers including Kotak Mahindra Capital, SBI Caps, ICICI Securities, Goldman\\\\nSachs, JM Financial, Axis Capital, JP Morgan, Nomura, Citigroup, and Bank of\\\\nAmerica Securities.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/adani-group-beats-hdfc-in-market-cap-becomes-third-largest-conglomerate-517737/\\\\\\\"\u003eAdani Group beats HDFC in market cap, becomes third-largest conglomerate\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The allotment of shares to the Demat account of bidders\\\\nwill happen by May 16, after which LIC would commence trading of equity shares\\\\nin the stock exchanges and list “on or about May 17”.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/science/teslas-valuation-falls-by-126-billion-amid-elon-musks-twitter-takeover-187106/\\\\\\\"\u003eTesla's valuation falls by $126 billion amid Elon Musk's Twitter takeover\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"LIC’s IPO will be the largest in India so far. The\\\\nrevised issue size of Rs 21,000 crore will be larger than the amount raised\\\\nfrom the IPO of Paytm in 2021 – which is the largest ever currently at Rs\\\\n18,300 crore, followed by Coal India in 2010 at nearly Rs 15,500 crore and\\\\nReliance Power (2008) at Rs 11,700 crore.\\\"}}]}","relatedPosts":null,"location":null,"createdBy":{"name":"Devanshu Singla","photo":"","username":"devanshusingla","id":"aJeiSJdpGmAb","role":null},"topics":[{"name":"LIC","slug":"lic","id":"DW8dhye7EZXw","isSection":0},{"name":"IPO","slug":"ipo","id":"JcXJ1FRsdnpu","isSection":0},{"name":"StockMarket","slug":"stockmarket","id":"vHCI0WQLTd1o","isSection":0},{"name":"StockExchange","slug":"stockexchange","id":"OH9GDHEEbwFC","isSection":0},{"name":"India","slug":"india","id":"Bq4MmUPrXF8p","isSection":1},{"name":"SEBI","slug":"sebi","id":"3nLmnZjR2Qlg","isSection":0},{"name":"GoldmanSachs","slug":"goldmansachs","id":"BO8iR25KvGkA","isSection":0},{"name":"Business","slug":"business","id":"1hd39Bl2AdAV","isSection":1},{"name":"IndiaNews","slug":"indianews","id":"hmzqkpDB7jEj","isSection":0},{"name":"Insurance","slug":"insurance","id":"IyrBRsmoSgyk","isSection":0}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Devanshu Singla","id":"aJeiSJdpGmAb","username":"devanshusingla","role":2,"userType":0}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-05-04T13:15:00+05:30","publisher":0,"sourceFeed":null,"cleanText":"India’s largest insurer Life Insurance Corporation of India (LIC) is all set to hit the primary market next month. Department of Investment and Public Asset Management (DIPAM) secretary Tuhin Kanta Pandey in a conference on Wednesday said despite the reduced size of Rs 21,000 crore, the LIC IPO will initially be the biggest ever IPO in the country. ,This is right-sized considering the capital market environment and will not crowd out capital and monetary supply, given the current environmental constraints, Pandey said. ,We want LIC as the long term value creator in the equity market, he added. The government wants to make LIC a long-term value creator in the equity market. The share of surplus for participating will move from 5% to 10%, Pandey said. Also Read | LIC IPO: This is LIC 3.0 says chairman MR Kumar,LIC’s public issue will open from May 4 till May 9 for the general public. For the anchor investors, the issue opened on May 2. The price band for the issue is fixed at Rs 902-949 per share, at the face value of Rs 10 each. Also Read | LIC IPO to open on May 4, issue price fixed at Rs 902-949,For policyholders, 10% of the LIC IPO is reserved and they will get a discount of Rs 60 per share on the issue price. Retail investors and employees will be given a discount of Rs 45 per share. The employee reservation portion will be 5% of the post-offer equity share capital. More than 9.88 crore shares are reserved for Qualified Institutional Buyers (QIBs) and more than 2.96 crore shares for non-institutional buyers. Also Read | LIC IPO: Price band fixed at Rs 902-949, Rs 60 discount for policyholders,Investors can bid for a minimum of 15 equity shares and in multiples of 15 equity shares thereafter. The issue will be managed by 10-book running lead managers including Kotak Mahindra Capital, SBI Caps, ICICI Securities, Goldman Sachs, JM Financial, Axis Capital, JP Morgan, Nomura, Citigroup, and Bank of America Securities. Also Read | Adani Group beats HDFC in market cap, becomes third-largest conglomerate,The allotment of shares to the Demat account of bidders will happen by May 16, after which LIC would commence trading of equity shares in the stock exchanges and list “on or about May 17”. Also Read | Tesla's valuation falls by $126 billion amid Elon Musk's Twitter takeover,LIC’s IPO will be the largest in India so far. The revised issue size of Rs 21,000 crore will be larger than the amount raised from the IPO of Paytm in 2021 – which is the largest ever currently at Rs 18,300 crore, followed by Coal India in 2010 at nearly Rs 15,500 crore and Reliance Power (2008) at Rs 11,700 crore.","portalUser":{"id":"kQKU5wG2FUA","name":"Opoyi Central","username":"opoyicentral","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_6k77dlSYd.jpg","role":2,"userType":1},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":null,"keywords":"India,Life Insurance Corporation of India,DIPAM,Qualified Institutional Buyers,LIC IPO, LIC IPO size, LIC IPO date, LIC IPO prize LIC IPO details,Department of Investment and Public Asset Management,DIPAM secretary, Tuhin Kanta Pandey ,LIC IPO updates,LIC","originalPublishedOn":"2022-04-27T16:15:00+05:30"}},{"node":{"id":"n0MlXkVcUZGy","slug":"english/lic-ipo-insurance-behemoth-raises-over-rs-5000-crore-via-anchor-investors","slugV2":"business/lic-ipo-insurance-behemoth-raises-over-rs-5000-crore-via-anchor-investors-436924/","title":"LIC IPO: Insurance behemoth raises over Rs 5,000 crore via anchor investors","postType":1,"coverMedia":"/opoyi_Ls4muNulLFq.jpg","coverCaption":"LIC, which is on track for a Rs 21,000 crore IPO, aims to raise up to Rs 5,630 crore from anchors at the upper end of the pricing bracket. (Photo credit: Twitter/@LIC)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-05-05T12:43:38+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eLIC IPO's anchor investor portion was fully subscribed on May 2\u003c/li\u003e\n \u003cli\u003eThe company issued almost 59.3 million shares at Rs 949 each to 123 investors\u003c/li\u003e\n \u003cli\u003eThe IPO will be accessible for subscription from May 4 to May 9\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1651645455512,\\\"strCount\\\":4365,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The anchor investor share of \u003ca href=\\\\\\\"https://opoyi.com/topics/lic/\\\\\\\"\u003eLife Insurance Corporation of India's (LIC)\u003c/a\u003e \u003ca href=\\\\\\\"https://opoyi.com/topics/ipo/\\\\\\\"\u003einitial public offering (IPO)\u003c/a\u003e was fully subscribed on May 2, according to LIC. Domestic mutual funds (MFs) accounted for over 71% of the anchor book share, according to the filing.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The state-owned insurance company issued almost 59.3 million shares at Rs 949 each to 123 investors.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/stocks-that-should-be-on-your-watchlist-on-wednesday-may-4-2022-475345/\\\\\\\"\u003eStocks that should be on your watchlist on Wednesday, May 4, 2022\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"An anchor investor in an IPO, as per Sebi regulations, is a qualified institutional buyer (QIB) such as a foreign portfolio investor, mutual fund, or insurance company that invests before the IPO is made accessible to the public. As early investors, they make the IPO process more appealing to investors and instil trust in them. Anchor investors also help in IPO price discovery.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/india/trending-stocks-tata-steel-agel-adani-wilmar-titan-and-others-in-news-today-541563/\\\\\\\"\u003eTrending Stocks: Tata Steel, AGEL, Adani Wilmar, Titan and others in news today\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Anchor investors who receive guaranteed allotment a day before the IPO opens to the public typically receive 60% of the QIB quota. Companies with a profitable track record can devote 50% of their IPO proceeds to QIBs. Analysts believe that demand in the anchor category is an indicator of the IPO's success.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/lic-ipo-list-of-indias-top-10-ipos-so-far-373290/\\\\\\\"\u003eLIC IPO: List of India's top 10 IPOs so far\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The government of \u003ca href=\\\\\\\"https://opoyi.com/topics/singapore/\\\\\\\"\u003eSingapore\u003c/a\u003e, Government Pension Fund Global, BNP Investments LLC, Monetary Authority of Singapore, Societe Generale, Invesco India, and Saint Capital Fund were among the major investors in the anchor book.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/mukesh-ambani-plans-mega-ipos-of-reliance-retail-jio-429634/\\\\\\\"\u003eMukesh Ambani plans mega IPOs of Reliance Retail, Jio\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"SBI Mutual Fund, ICICI Prudential, SBI Life Insurance, Aditya Birla Sun Life, Axis Mutual Fund, HDFC Trustee, Nippon Life, Kotak Mahindra Life Insurance, L\u0026amp;T Mutual Fund, Tata Investment Corporation, UTI Mutual Fund, Sundaram Mutual Fund, IDFC MF, and Bajaj Allianz General Insurance were among the domestic investors that expressed great interest in LIC.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/lic-ipo-heres-how-to-invest-in-the-mega-listing-331167/\\\\\\\"\u003eLIC IPO: Here's how to invest in the mega listing\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\\\\\\\"Out of the total allocation, 4.21 crore equity shares (or 71.12% of total anchor book) were allocated to 15 domestic mutual funds through 99 schemes,\\\\\\\" LIC said in its BSE filing on May 3.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/lic-ipo-this-is-lic-30-says-chairman-mr-kumar-296257/\\\\\\\"\u003eLIC IPO: This is LIC 3.0 says chairman MR Kumar\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The offer will be accessible for subscription on May 4 (Wednesday), and the deadline to subscribe is May 9 (Monday). The price range for the offer is Rs 902-949 per equity share with a face value of Rs 10 each.\u0026nbsp;\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/lic-ipo-to-be-indias-biggest-ever-public-issue-dipam-secy-388700/\\\\\\\"\u003eLIC IPO to be India's biggest ever public issue: DIPAM Secy\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Shares will be allocated to successful bidders on May 12, and refunds will be paid to unsuccessful bidders' accounts on May 13. The successful bidders' shares will be credited to their Demat accounts by May 16, and the stock will begin trading on the exchanges on May 17.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/lic-ipo-price-band-fixed-at-rs-902-949-rs-60-discount-for-policyholders-494191/\\\\\\\"\u003eLIC IPO: Price band fixed at Rs 902-949, Rs 60 discount for policyholders\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"LIC, which is on track for a Rs 21,000 crore IPO, aims to raise up to Rs 5,630 crore from anchors at the upper end of the pricing bracket. The company has set aside about 59.29 million shares for the anchor part.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/wires/presstrustofindia/lic-ipo-sees-excellent-response-from-anchor-investors-631455/\\\\\\\"\u003eLIC IPO sees 'excellent' response from anchor investors\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Securities and Exchange Board of India (Sebi) has approved the government's plan to sell 3.5% of its stake in the insurer through an initial public offering (IPO).\\\"}}]}","relatedPosts":null,"location":null,"createdBy":{"name":"Yash Sadhak Shrivastava","photo":"https://opoyi.com/images/opoyi_YTc6hxpHI.jpg?tr=w-600,q-70,dpr","username":"yashsadhak","id":"hVr8BLevnFNI","role":null},"topics":[{"name":"LIC","slug":"lic","id":"DW8dhye7EZXw","isSection":0},{"name":"IPO","slug":"ipo","id":"JcXJ1FRsdnpu","isSection":0},{"name":"SEBI","slug":"sebi","id":"3nLmnZjR2Qlg","isSection":0},{"name":"Insurance","slug":"insurance","id":"IyrBRsmoSgyk","isSection":0},{"name":"Singapore","slug":"singapore","id":"emlZP34XfoBE","isSection":0},{"name":"Business","slug":"business","id":"1hd39Bl2AdAV","isSection":1}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Yash Sadhak Shrivastava","id":"hVr8BLevnFNI","username":"yashsadhak","role":2,"userType":0}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-05-04T12:00:00+05:30","publisher":0,"sourceFeed":null,"cleanText":"The anchor investor share of Life Insurance Corporation of India's (LIC) initial public offering (IPO) was fully subscribed on May 2, according to LIC. Domestic mutual funds (MFs) accounted for over 71% of the anchor book share, according to the filing. The state-owned insurance company issued almost 59.3 million shares at Rs 949 each to 123 investors. Also Read| Stocks that should be on your watchlist on Wednesday, May 4, 2022,An anchor investor in an IPO, as per Sebi regulations, is a qualified institutional buyer (QIB) such as a foreign portfolio investor, mutual fund, or insurance company that invests before the IPO is made accessible to the public. As early investors, they make the IPO process more appealing to investors and instil trust in them. Anchor investors also help in IPO price discovery. Also Read| Trending Stocks: Tata Steel, AGEL, Adani Wilmar, Titan and others in news today,Anchor investors who receive guaranteed allotment a day before the IPO opens to the public typically receive 60% of the QIB quota. Companies with a profitable track record can devote 50% of their IPO proceeds to QIBs. Analysts believe that demand in the anchor category is an indicator of the IPO's success. Also Read| LIC IPO: List of India's top 10 IPOs so far,The government of Singapore, Government Pension Fund Global, BNP Investments LLC, Monetary Authority of Singapore, Societe Generale, Invesco India, and Saint Capital Fund were among the major investors in the anchor book. Also Read| Mukesh Ambani plans mega IPOs of Reliance Retail, Jio,SBI Mutual Fund, ICICI Prudential, SBI Life Insurance, Aditya Birla Sun Life, Axis Mutual Fund, HDFC Trustee, Nippon Life, Kotak Mahindra Life Insurance, L\u0026T Mutual Fund, Tata Investment Corporation, UTI Mutual Fund, Sundaram Mutual Fund, IDFC MF, and Bajaj Allianz General Insurance were among the domestic investors that expressed great interest in LIC. Also Read| LIC IPO: Here's how to invest in the mega listing,Out of the total allocation, 4.21 crore equity shares (or 71.12% of total anchor book) were allocated to 15 domestic mutual funds through 99 schemes, LIC said in its BSE filing on May 3. Also Read| LIC IPO: This is LIC 3.0 says chairman MR Kumar,The offer will be accessible for subscription on May 4 (Wednesday), and the deadline to subscribe is May 9 (Monday). The price range for the offer is Rs 902-949 per equity share with a face value of Rs 10 each. ,Also Read| LIC IPO to be India's biggest ever public issue: DIPAM Secy,Shares will be allocated to successful bidders on May 12, and refunds will be paid to unsuccessful bidders' accounts on May 13. The successful bidders' shares will be credited to their Demat accounts by May 16, and the stock will begin trading on the exchanges on May 17. Also Read| LIC IPO: Price band fixed at Rs 902-949, Rs 60 discount for policyholders,LIC, which is on track for a Rs 21,000 crore IPO, aims to raise up to Rs 5,630 crore from anchors at the upper end of the pricing bracket. The company has set aside about 59.29 million shares for the anchor part. Also Read| LIC IPO sees 'excellent' response from anchor investors,The Securities and Exchange Board of India (Sebi) has approved the government's plan to sell 3.5% of its stake in the insurer through an initial public offering (IPO).","portalUser":{"id":"kQKU5wG2FUA","name":"Opoyi Central","username":"opoyicentral","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_6k77dlSYd.jpg","role":2,"userType":1},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":null,"keywords":"LIC,Life Insurance Corporation of India,Singapore,Government Pension Fund Global,BNP Investments LLC,Monetary Authority of Singapore,Societe Generale,Saint Capital Fund,SBI Mutual Fund,ICICI Prudential,SBI Life Insurance,Aditya Birla Sun Life,Axis Mutual ","originalPublishedOn":"2022-05-03T13:15:00+05:30"}},{"node":{"id":"4zt8q6wZf68c","slug":"english/lic-ipo-to-open-on-may-4-issue-price-fixed-at-rs-902-949","slugV2":"business/lic-ipo-to-open-on-may-4-issue-price-fixed-at-rs-902-949-146846/","title":"LIC IPO to open on May 4, issue price fixed at Rs 902-949","postType":1,"coverMedia":"/opoyi_bOJPwYQjF.jpg","coverCaption":"Retail investors and employees will be given a discount of Rs 45 per share (Photo Credit: Twitter/@LICIndiaForever)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-05-04T10:00:00+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eLIC IPO will open from May 4 till May 9 to the general public\u003c/li\u003e\n \u003cli\u003eThe price band for the issue is Rs 902-949 per share\u003c/li\u003e\n \u003cli\u003ePolicyholders will get a discount of Rs 60 per share on the issue price\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1651637302822,\\\"strCount\\\":2999,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Life Insurance Corporation of India \u003ca href=\\\\\\\"https://opoyi.com/business/lic-ipo-centre-amends-fema-rules-to-allow-20-fdi-in-insurance-giant-589315/\\\\\\\"\u003e(LIC)\u003c/a\u003e is set to launch its initial public offering (IPO) from May 4 to May 9 to the general public. For the anchor investors, the issue opened on May 2.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The price band for the issue is Rs 902-949 per share, at a face value of Rs 10 each.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"For policyholders, 10% of the LIC IPO is reserved and they will get a discount of Rs 60 per share on the issue price. Retail investors and employees will be given a discount of Rs 45 per share. The employee reservation portion will be 5% of the post-offer equity share capital.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/government-wont-further-dilute-stake-in-lic-post-ipo-report-301179/\\\\\\\"\u003eGovernment won't further dilute stake in LIC post IPO: Report\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The issue will be managed by 10-book running lead managers including Kotak Mahindra Capital, SBI Caps, ICICI Securities, Goldman Sachs, JM Financial, Axis Capital, JP Morgan, Nomura, Citigroup, and Bank of America Securities.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The allotment of shares to the Demat account of bidders will happen by May 16, after which LIC would commence trading of equity shares in the stock exchanges and list “on or about May 17”.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/adani-group-beats-hdfc-in-market-cap-becomes-third-largest-conglomerate-517737/\\\\\\\"\u003eAdani Group beats HDFC in market cap, becomes third-largest conglomerate\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"On April 23, the LIC board approved a revised IPO issue size to 3.5% from 5%. The government will now sell 3.5% of its stake in LIC for Rs 21,000 crore, valuing the company at Rs 6 trillion. \\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"LIC’s IPO will be the largest in India so far. The revised issue size of Rs 21,000 crore will be larger than the amount raised from the IPO of Paytm in 2021 – which is the largest ever currently at Rs 18,300 crore, followed by Coal India in 2010 at nearly Rs 15,500 crore and Reliance Power (2008) at Rs 11,700 crore.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/science/teslas-valuation-falls-by-126-billion-amid-elon-musks-twitter-takeover-187106/\\\\\\\"\u003eTesla's valuation falls by $126 billion amid Elon Musk's Twitter takeover\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Previously, the government was aiming to raise over Rs 60,000 crore by selling around 31.6 crore shares or a 5% stake in the insurance behemoth to reach the disinvestment target of Rs 78,000 crore.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The stake sale was initially planned to be launched in March 2022, but the plans were deferred due to the Russia-Ukraine crisis as stock markets were highly volatile.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/elon-musks-twitter-takeover-means-early-christmas-for-morgan-stanley-453277/\\\\\\\"\u003eElon Musk's Twitter takeover means early Christmas for Morgan Stanley\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"LIC reported a profit after tax (PAT) of Rs 1,713.3 crore in the nine months of the financial year 2022. Its revenue stood at Rs 5.1 lakh crore. It has an investment of Rs 38.4 lakh crore towards policyholder’s funds and the company is debt-free as of December 31, 2021.\\\"}}]}","relatedPosts":null,"location":null,"createdBy":{"name":"Devanshu Singla","photo":"","username":"devanshusingla","id":"aJeiSJdpGmAb","role":null},"topics":[{"name":"LIC","slug":"lic","id":"DW8dhye7EZXw","isSection":0},{"name":"IPO","slug":"ipo","id":"JcXJ1FRsdnpu","isSection":0},{"name":"StockMarket","slug":"stockmarket","id":"vHCI0WQLTd1o","isSection":0},{"name":"SEBI","slug":"sebi","id":"3nLmnZjR2Qlg","isSection":0},{"name":"ShareMarket","slug":"sharemarket","id":"PkCsd9oT2rCN","isSection":0},{"name":"Insurance","slug":"insurance","id":"IyrBRsmoSgyk","isSection":0},{"name":"India","slug":"india","id":"Bq4MmUPrXF8p","isSection":1},{"name":"Business","slug":"business","id":"1hd39Bl2AdAV","isSection":1},{"name":"Europe","slug":"europe","id":"v2KXw3fOql0S","isSection":0}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Devanshu Singla","id":"aJeiSJdpGmAb","username":"devanshusingla","role":2,"userType":0}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-05-04T10:00:00+05:30","publisher":0,"sourceFeed":null,"cleanText":"Life Insurance Corporation of India (LIC) is set to launch its initial public offering (IPO) from May 4 to May 9 to the general public. For the anchor investors, the issue opened on May 2. The price band for the issue is Rs 902-949 per share, at a face value of Rs 10 each. For policyholders, 10% of the LIC IPO is reserved and they will get a discount of Rs 60 per share on the issue price. Retail investors and employees will be given a discount of Rs 45 per share. The employee reservation portion will be 5% of the post-offer equity share capital. Also Read | Government won't further dilute stake in LIC post IPO: Report,The issue will be managed by 10-book running lead managers including Kotak Mahindra Capital, SBI Caps, ICICI Securities, Goldman Sachs, JM Financial, Axis Capital, JP Morgan, Nomura, Citigroup, and Bank of America Securities. The allotment of shares to the Demat account of bidders will happen by May 16, after which LIC would commence trading of equity shares in the stock exchanges and list “on or about May 17”. Also Read | Adani Group beats HDFC in market cap, becomes third-largest conglomerate,On April 23, the LIC board approved a revised IPO issue size to 3.5% from 5%. The government will now sell 3.5% of its stake in LIC for Rs 21,000 crore, valuing the company at Rs 6 trillion. ,LIC’s IPO will be the largest in India so far. The revised issue size of Rs 21,000 crore will be larger than the amount raised from the IPO of Paytm in 2021 – which is the largest ever currently at Rs 18,300 crore, followed by Coal India in 2010 at nearly Rs 15,500 crore and Reliance Power (2008) at Rs 11,700 crore. Also Read | Tesla's valuation falls by $126 billion amid Elon Musk's Twitter takeover,Previously, the government was aiming to raise over Rs 60,000 crore by selling around 31.6 crore shares or a 5% stake in the insurance behemoth to reach the disinvestment target of Rs 78,000 crore. The stake sale was initially planned to be launched in March 2022, but the plans were deferred due to the Russia-Ukraine crisis as stock markets were highly volatile. Also Read | Elon Musk's Twitter takeover means early Christmas for Morgan Stanley,LIC reported a profit after tax (PAT) of Rs 1,713.3 crore in the nine months of the financial year 2022. Its revenue stood at Rs 5.1 lakh crore. It has an investment of Rs 38.4 lakh crore towards policyholder’s funds and the company is debt-free as of December 31, 2021.","portalUser":{"id":"kQKU5wG2FUA","name":"Opoyi Central","username":"opoyicentral","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_6k77dlSYd.jpg","role":2,"userType":1},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":null,"keywords":"LIC,Life Insurance Corporation of India,Kotak Mahindra Capital,SBI Caps,ICICI Securities,Goldman Sachs,JM Financial,Axis Capital,Nomura,Citigroup,Bank of America Securities,India,Coal India,Reliance Power,Russia,LIP IPO, LIC IPO details, LIC IPO date, LIC","originalPublishedOn":"2022-04-27T14:35:29+05:30"}},{"node":{"id":"BNRd2sST5CkG","slug":"english/fabindia-syrma-sgs-5-others-get-sebi-approval-to-float-ipos","slugV2":"business/fabindia-syrma-sgs-5-others-get-sebi-approval-to-float-ipos-224163/","title":"FabIndia, Syrma SGS, 5 others get SEBI approval to float IPOs","postType":1,"coverMedia":"/opoyi_e-nQGlXCbUf.jpg","coverCaption":"Sanathan Textiles is planning to raise funds in the range of Rs 1,200-1,300 crore (Photo credit: Twitter/ @SEBI_India)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-05-03T20:09:04+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eFabIndia and 6 other companies have received SEBI’s approval to float IPOs\u003c/li\u003e\n \u003cli\u003eFabIndia's IPO is expected to be worth around Rs 4,000 crore\u003c/li\u003e\n \u003cli\u003eAether Industries IPO is expected to raise Rs 1,000 crore\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1651588743746,\\\"strCount\\\":4918,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Seven companies, including lifestyle retail brand \u003ca href=\\\\\\\"https://opoyi.com/business/what-is-fabindia-indian-clothing-brand-making-waves-on-social-media-224551/\\\\\\\"\u003eFabIndia\u003c/a\u003e and chemical company Aether Industries, have received SEBI’s approval to float Initial Public Offerings (\u003ca href=\\\\\\\"https://opoyi.com/business/lic-ipo-list-of-indias-top-10-ipos-so-far-373290/\\\\\\\"\u003eIPOs\u003c/a\u003e).\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Asianet Satellite Communications, Sanathan Textiles, Harsha Engineers International, Syrma SGS Technology and Capillary Technologies India also received the go-ahead from the market regulator to raise funds through initial share sales, reported PTI.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/india/xiaomi-shares-dip-6-as-india-probes-chinese-tech-giant-393548/\\\\\\\"\u003eXiaomi shares dip 6% as India probes Chinese tech giant\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"These companies filed their preliminary IPO papers with \u003ca href=\\\\\\\"https://opoyi.com/topics/sebi/\\\\\\\"\u003eSEBI\u003c/a\u003e from December 2021 to February 2022.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Ethnic wear and lifestyle retailer FabIndia filed its draft papers in January 2022 for its IPO that comprises a fresh issue of Rs 500 crore and an offer for sale (OFS) of 2.5 crore equity shares by promoters and investors. The company is backed by businessman Azim Premji’s investment firm Premji Invest (PI Opportunities Fund-1).\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/lic-ipo-heres-how-to-invest-in-the-mega-listing-331167/\\\\\\\"\u003eLIC IPO: Here's how to invest in the mega listing\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"According to a PTI report, the company promoters also plan to gift over 7 lakh shares to artisans and farmers. FabIndia's IPO is expected to be worth around Rs 4,000 crore.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Capillary Technologies India, an artificial intelligence-based cloud-native software-as-a-solution (SaaS) products and solutions provider is looking to raise Rs 850 crore through the initial share sale. The company is backed by Warburg Pincus and Sequoia Capital.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/adani-wilmar-acquires-rice-brand-kohinoor-to-strengthen-market-position-483429/\\\\\\\"\u003eAdani Wilmar acquires rice brand Kohinoor to strengthen market position\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The IPO comprises fresh issues of equity shares aggregating to Rs 200 crore and an OFS of Rs 650 crore by Capillary Technologies International Pte Ltd, which holds 98.06% shareholding in the company, reported PTI.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Harsha Engineers International, the manufacturer of precision bearing cages, had filed its preliminary papers in February this year to raise Rs 755 crore through its IPO.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/technology/india-hits-a-century-of-unicorns-boosting-startup-economy-387150/\\\\\\\"\u003eIndia hits a century of unicorns boosting startup economy\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The IPO consists of a fresh issue of equity shares of Rs 455 crore and an OFS of up to Rs 300 crore by promoters Rajendra Shah, Harish Rangwala, Pilak Shah, Charusheela Rangwala and Nirmala Shah.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The planned IPO of Aether Industries consists of a fresh issue of Rs 757 crore and an OFS of up to 2.57 million shares by existing promoter Purnima Ashwin Desai. The company may also consider raising Rs 131 crore by issuing equity shares through a preferential offer. The speciality chemical company is expected to raise Rs 1,000 crore through its IPO.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/lic-ipo-insurance-behemoth-raises-over-rs-5000-crore-via-anchor-investors-436924/\\\\\\\"\u003eLIC IPO: Insurance behemoth raises over Rs 5,000 crore via anchor investors\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Asianet Satellite Communications is looking to raise Rs 765 crore through the initial share sale. The IPO comprises fresh issuance of shares worth Rs 300 crore, and an OFS of Rs 465 crore by promoter Hathway Investments.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Electronic manufacturing services firm Syrma SGS Technology's IPO consists of a fresh issue of shares worth Rs 926 crore, and an OFS of up to 33.69 lakh equity shares by Veena Kumari Tandon. The company plans to raise funds between Rs 1,000 crore and Rs 1,200 crore.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/india/an-nft-collection-seeks-to-cement-indian-farmers-protest-in-history-187911/\\\\\\\"\u003eAn NFT collection seeks to cement Indian farmers' protest in history\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Yarn manufacturer Sanathan Textiles is planning to raise funds in the range of Rs 1,200-1,300 crore from the primary market. The offer comprises a fresh issue of Rs 500 crore and an offer for the sale of 1.14 crore equity shares by the Dattani Family.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The equity shares of these companies will be listed on BSE and NSE.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/world/oil-prices-rise-as-european-union-prepares-to-ban-russian-crude-539810/\\\\\\\"\u003eOil prices rise as European Union prepares to ban Russian crude\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"With this, a total of 59 companies have received SEBI’s approval to launch IPOs. So far, eight companies have launched their IPOs including Adani Wilmar, Vedant Fashions, Campus Activewear, Rainbow Children's \u003ca href=\\\\\\\"https://opoyi.com/topics/medicare/\\\\\\\"\u003eMedicare\u003c/a\u003e and Veranda Learning Solutions. Life Insurance Corporation of India’s (LIC) IPO will open for subscription on May 4.\\\"}}]}","relatedPosts":null,"location":null,"createdBy":{"name":"Devanshu Singla","photo":"","username":"devanshusingla","id":"aJeiSJdpGmAb","role":null},"topics":[{"name":"IPO","slug":"ipo","id":"JcXJ1FRsdnpu","isSection":0},{"name":"SEBI","slug":"sebi","id":"3nLmnZjR2Qlg","isSection":0},{"name":"StockMarket","slug":"stockmarket","id":"vHCI0WQLTd1o","isSection":0},{"name":"Business","slug":"business","id":"1hd39Bl2AdAV","isSection":1},{"name":"BSE","slug":"bse","id":"2seBd7Lyb8z6","isSection":0},{"name":"NSE","slug":"nse","id":"74WQDLQfPQDQ","isSection":0},{"name":"Medicare","slug":"medicare","id":"R1KnuXeONCOk","isSection":0},{"name":"StockExchange","slug":"stockexchange","id":"OH9GDHEEbwFC","isSection":0},{"name":"LIC","slug":"lic","id":"DW8dhye7EZXw","isSection":0}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Devanshu Singla","id":"aJeiSJdpGmAb","username":"devanshusingla","role":2,"userType":0}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-05-03T20:09:03+05:30","publisher":6,"sourceFeed":null,"cleanText":"Seven companies, including lifestyle retail brand FabIndia and chemical company Aether Industries, have received SEBI’s approval to float Initial Public Offerings (IPOs). Asianet Satellite Communications, Sanathan Textiles, Harsha Engineers International, Syrma SGS Technology and Capillary Technologies India also received the go-ahead from the market regulator to raise funds through initial share sales, reported PTI. Also Read | Xiaomi shares dip 6% as India probes Chinese tech giant,These companies filed their preliminary IPO papers with SEBI from December 2021 to February 2022. Ethnic wear and lifestyle retailer FabIndia filed its draft papers in January 2022 for its IPO that comprises a fresh issue of Rs 500 crore and an offer for sale (OFS) of 2.5 crore equity shares by promoters and investors. The company is backed by businessman Azim Premji’s investment firm Premji Invest (PI Opportunities Fund-1). Also Read | LIC IPO: Here's how to invest in the mega listing,According to a PTI report, the company promoters also plan to gift over 7 lakh shares to artisans and farmers. FabIndia's IPO is expected to be worth around Rs 4,000 crore. Capillary Technologies India, an artificial intelligence-based cloud-native software-as-a-solution (SaaS) products and solutions provider is looking to raise Rs 850 crore through the initial share sale. The company is backed by Warburg Pincus and Sequoia Capital. Also Read | Adani Wilmar acquires rice brand Kohinoor to strengthen market position,The IPO comprises fresh issues of equity shares aggregating to Rs 200 crore and an OFS of Rs 650 crore by Capillary Technologies International Pte Ltd, which holds 98.06% shareholding in the company, reported PTI. Harsha Engineers International, the manufacturer of precision bearing cages, had filed its preliminary papers in February this year to raise Rs 755 crore through its IPO. Also Read | India hits a century of unicorns boosting startup economy,The IPO consists of a fresh issue of equity shares of Rs 455 crore and an OFS of up to Rs 300 crore by promoters Rajendra Shah, Harish Rangwala, Pilak Shah, Charusheela Rangwala and Nirmala Shah. The planned IPO of Aether Industries consists of a fresh issue of Rs 757 crore and an OFS of up to 2.57 million shares by existing promoter Purnima Ashwin Desai. The company may also consider raising Rs 131 crore by issuing equity shares through a preferential offer. The speciality chemical company is expected to raise Rs 1,000 crore through its IPO. Also Read | LIC IPO: Insurance behemoth raises over Rs 5,000 crore via anchor investors,Asianet Satellite Communications is looking to raise Rs 765 crore through the initial share sale. The IPO comprises fresh issuance of shares worth Rs 300 crore, and an OFS of Rs 465 crore by promoter Hathway Investments. Electronic manufacturing services firm Syrma SGS Technology's IPO consists of a fresh issue of shares worth Rs 926 crore, and an OFS of up to 33.69 lakh equity shares by Veena Kumari Tandon. The company plans to raise funds between Rs 1,000 crore and Rs 1,200 crore. Also Read | An NFT collection seeks to cement Indian farmers' protest in history,Yarn manufacturer Sanathan Textiles is planning to raise funds in the range of Rs 1,200-1,300 crore from the primary market. The offer comprises a fresh issue of Rs 500 crore and an offer for the sale of 1.14 crore equity shares by the Dattani Family. The equity shares of these companies will be listed on BSE and NSE. Also Read | Oil prices rise as European Union prepares to ban Russian crude,With this, a total of 59 companies have received SEBI’s approval to launch IPOs. So far, eight companies have launched their IPOs including Adani Wilmar, Vedant Fashions, Campus Activewear, Rainbow Children's Medicare and Veranda Learning Solutions. Life Insurance Corporation of India’s (LIC) IPO will open for subscription on May 4.","portalUser":{"id":"MK3GmgLG7wo1","name":"Opoyi Business","username":"OpoyiBusiness","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_D6026Kum9dg.jpg","role":2,"userType":1},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":null,"keywords":"FabIndia,SEBI,OFS,Aether Industries,Asianet Satellite Communications,Sanathan Textiles,Harsha Engineers International,Capillary Technologies,Azim Premji,Premji Invest,Capillary Technologies India,Warburg Pincus,Sequoia Capital,FabIndia IPO,Syrma SGS Techn","originalPublishedOn":"2022-05-03T20:09:03+05:30"}},{"node":{"id":"x6gn879RaWkX","slug":"english/sebi-cuts-timeline-for-listing-reits-invits-units-to-six-working-days","slugV2":"business/sebi-cuts-timeline-for-listing-reits-invits-units-to-six-working-days-625503/","title":"SEBI cuts timeline for listing REITs, InvITs units to six working days","postType":1,"coverMedia":"/opoyi_e-nQGlXCbUf.jpg","coverCaption":"The new timeline will apply to a public issue of units of REITs and InvITs, which opens on or after June 1. (Photo credit: Twitter/ @SEBI_India)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-04-28T20:43:02+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eSEBI reduced the timelines for the listing of units of REITs and InvITs\u003c/li\u003e\n \u003cli\u003eIt has reduced the time taken for listing six days from the present 12 days\u003c/li\u003e\n \u003cli\u003eSEBI issued the circular to safeguard the interest of investors\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1651158780502,\\\"strCount\\\":2943,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Securities Exchange Board of India (\u003ca href=\\\\\\\"https://opoyi.com/business/sebi-simplifies-payment-process-via-upi-for-ipo-allotment-216408/\\\\\\\"\u003eSEBI\u003c/a\u003e) reduced the\\\\ntimelines for the listing of units of Real Estate Investment Trust (REIT) and\\\\nInfrastructure Investment Trust (InvIT). \\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The regulator has reduced the time taken for the\\\\nallotment and listing after the closure of the REITs and InvITs issue to six\\\\ndays from the present 12 days.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/lic-ipo-to-be-indias-biggest-ever-public-issue-dipam-secy-388700/\\\\\\\"\u003eLIC IPO to be India's biggest ever public issue: DIPAM Secy\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The new timeline will apply to a public issue of units of\\\\nReal Estate Investment Trust (REIT) and Infrastructure Investment Trust\\\\n(InvIT), which opens on or after June 1, market regulator SEBI said in two\\\\nseparate circulars.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"SEBI said \\\\\\\"As a part of the continuing endeavour to\\\\nstreamline the process of public issue of units of REIT and InvITs. It has been\\\\ndecided to reduce the time taken for allotment and listing after the closure of\\\\nan issue to six working days as against the present requirement of within 12\\\\nworking days”.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/sebi-rejigs-its-advisory-committee-on-market-data-350999/\\\\\\\"\u003eSEBI rejigs its advisory committee on market data\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The regulator has directed Self Certified Syndicate Banks\\\\n(SCSBs), stock exchanges, depositories, and intermediaries to coordinate to\\\\nensure completion of listing through the public issue and commencement of\\\\ntrading of units of REITs and InvITs within six working days from the date of\\\\nclosure of the issue.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The move is aimed at simplifying and streamlining the\\\\nprocess of issuance of such emerging investment vehicles.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/world/explained-what-changes-are-expected-after-twitter-goes-private-559946/\\\\\\\"\u003eExplained: What changes are expected after Twitter goes private?\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"SEBI issued the circular to safeguard the interest of\\\\ninvestors in securities and promote the development of and regulate the\\\\nsecurities markets. The circular is issued after the approval of the competent\\\\nauthority.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"REITs and InvITs are relatively new investment options in\\\\nthe Indian markets but are highly popular in global markets.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/india/how-inflation-affects-rbis-interest-rate-policy-329823/\\\\\\\"\u003eHow inflation affects RBI’s interest rate policy\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"REIT consists of a portfolio of commercial real assets, a\\\\nmajor portion of which is already leased out. InvITs comprise a portfolio of\\\\ninfrastructure assets, such as highways and power transmission assets.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/india/suman-k-bery-to-become-niti-aayog-vice-chairman-after-rajiv-kumars-exit-649233/\\\\\\\"\u003eSuman K Bery to become NITI Aayog Vice Chairman after Rajiv Kumar's exit\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"As of March 2021, a total of 15 InvITs and four REITs\\\\nwere registered, from which six InvITs and three REITs were listed on the stock\\\\nexchanges.\u0026nbsp; \\\"}}]}","relatedPosts":null,"location":null,"createdBy":{"name":"Devanshu Singla","photo":"","username":"devanshusingla","id":"aJeiSJdpGmAb","role":null},"topics":[{"name":"SEBI","slug":"sebi","id":"3nLmnZjR2Qlg","isSection":0},{"name":"Investment","slug":"investment","id":"BOGVZOTPlXcL","isSection":0},{"name":"StockMarket","slug":"stockmarket","id":"vHCI0WQLTd1o","isSection":0},{"name":"Business","slug":"business","id":"1hd39Bl2AdAV","isSection":1},{"name":"Finance","slug":"finance","id":"vdfCkTLQAVNK","isSection":0},{"name":"ShareMarket","slug":"sharemarket","id":"PkCsd9oT2rCN","isSection":0}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Devanshu Singla","id":"aJeiSJdpGmAb","username":"devanshusingla","role":2,"userType":0}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-04-28T20:43:01+05:30","publisher":6,"sourceFeed":null,"cleanText":"Securities Exchange Board of India (SEBI) reduced the timelines for the listing of units of Real Estate Investment Trust (REIT) and Infrastructure Investment Trust (InvIT). ,The regulator has reduced the time taken for the allotment and listing after the closure of the REITs and InvITs issue to six days from the present 12 days. Also Read | LIC IPO to be India's biggest ever public issue: DIPAM Secy,The new timeline will apply to a public issue of units of Real Estate Investment Trust (REIT) and Infrastructure Investment Trust (InvIT), which opens on or after June 1, market regulator SEBI said in two separate circulars. SEBI said As a part of the continuing endeavour to streamline the process of public issue of units of REIT and InvITs. It has been decided to reduce the time taken for allotment and listing after the closure of an issue to six working days as against the present requirement of within 12 working days”. Also Read | SEBI rejigs its advisory committee on market data,The regulator has directed Self Certified Syndicate Banks (SCSBs), stock exchanges, depositories, and intermediaries to coordinate to ensure completion of listing through the public issue and commencement of trading of units of REITs and InvITs within six working days from the date of closure of the issue. The move is aimed at simplifying and streamlining the process of issuance of such emerging investment vehicles. Also Read | Explained: What changes are expected after Twitter goes private?,SEBI issued the circular to safeguard the interest of investors in securities and promote the development of and regulate the securities markets. The circular is issued after the approval of the competent authority. REITs and InvITs are relatively new investment options in the Indian markets but are highly popular in global markets. Also Read | How inflation affects RBI’s interest rate policy,REIT consists of a portfolio of commercial real assets, a major portion of which is already leased out. InvITs comprise a portfolio of infrastructure assets, such as highways and power transmission assets. Also Read | Suman K Bery to become NITI Aayog Vice Chairman after Rajiv Kumar's exit,As of March 2021, a total of 15 InvITs and four REITs were registered, from which six InvITs and three REITs were listed on the stock exchanges.","portalUser":{"id":"MK3GmgLG7wo1","name":"Opoyi Business","username":"OpoyiBusiness","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_D6026Kum9dg.jpg","role":2,"userType":1},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":null,"keywords":"SEBI,REIT,Real Estate Investment Trust,Securities Exchange Board of India,InvIT,Self Certified Syndicate Banks,Infrastructure Investment Trust,SEBI updates, SEBI notice, SEBI REIT InvIT,SEBI news, Investment, Personal Finance, Stock market, stock market u","originalPublishedOn":"2022-04-28T20:43:01+05:30"}},{"node":{"id":"FJkxzY7DCZC2","slug":"english/lic-ipo-this-is-lic-30-says-chairman-mr-kumar","slugV2":"business/lic-ipo-this-is-lic-30-says-chairman-mr-kumar-296257/","title":"LIC IPO: This is LIC 3.0 says chairman MR Kumar","postType":1,"coverMedia":"/opoyi_bOJPwYQjF.jpg","coverCaption":"Investors can bid for a minimum of 15 equity shares (Photo Credit: Twitter/@LICIndiaForever)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-05-04T09:38:08+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eThe time has come for the LIC to be listed, said MR Kumar\u003c/li\u003e\n \u003cli\u003eLIC IPO will open from May 4 to May 9 to the general public\u003c/li\u003e\n \u003cli\u003eThe price band for the issue is fixed at Rs 902-949 per share\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1651637288880,\\\"strCount\\\":2748,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Insurance behemoth Life Insurance Corporation of India\\\\n(LIC) is all set to hit the primary market next month. LIC chairman \u003ca href=\\\\\\\"https://opoyi.com/business/lic-ipo-chairman-mr-kumar-says-company-is-well-capitalised-480410/\\\\\\\"\u003eMR Kumar\u003c/a\u003e\\\\nsaid the time has come for LIC to be listed. “I believe all LICians will work\\\\ntogether to make it a huge success, and from now on we will call it LIC\\\\n3.0,\\\\\\\" said MR Kumar. \\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\\\\\\\"LIC struggled in the first two decades to sell\\\\ninsurance in India and it gained momentum in the 70s and 80s. That was LIC 1.0.\\\\nThen it adapted to the competition, which was LIC 2.0. And now this is LIC\\\\n3.0\\\\\\\", added Kumar.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/lic-ipo-to-open-on-may-4-issue-price-fixed-at-rs-902-949-146846/\\\\\\\"\u003eLIC IPO to open on May 4, issue price fixed at Rs 902-949\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"LIC’s public issue will open from May 4 to May 9 to the\\\\ngeneral public. For the anchor investors, the issue opened on May 2.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The price band for the issue is fixed at Rs 902-949 per\\\\nshare, at the face value of Rs 10 each.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"For policyholders, 10% of the LIC IPO is reserved and\\\\nthey will get a discount of Rs 60 per share on the issue price. Retail\\\\ninvestors and employees will be given a discount of Rs 45 per share. The\\\\nemployee reservation portion will be 5% of the post-offer equity share capital.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/elon-musks-twitter-takeover-means-early-christmas-for-morgan-stanley-453277/\\\\\\\"\u003eElon Musk's Twitter takeover means early Christmas for Morgan Stanley\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"More than 9.88 crore shares are reserved for Qualified\\\\nInstitutional Buyers (QIBs) and more than 2.96 crore shares for\\\\nnon-institutional buyers.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Investors can bid for a minimum of 15 equity shares and\\\\nin multiples of 15 equity shares thereafter.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/adani-group-beats-hdfc-in-market-cap-becomes-third-largest-conglomerate-517737/\\\\\\\"\u003eAdani Group beats HDFC in market cap, becomes third-largest conglomerate\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The issue will be managed by 10-book running lead\\\\nmanagers including Kotak Mahindra Capital, SBI Caps, ICICI Securities, Goldman\\\\nSachs, JM Financial, Axis Capital, JP Morgan, Nomura, Citigroup, and Bank of\\\\nAmerica Securities.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The allotment of shares to the Demat account of bidders\\\\nwill happen by May 16, after which LIC would commence trading of equity shares\\\\nin the stock exchanges and list “on or about May 17”.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/science/teslas-valuation-falls-by-126-billion-amid-elon-musks-twitter-takeover-187106/\\\\\\\"\u003eTesla's valuation falls by $126 billion amid Elon Musk's Twitter takeover\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"On April 23, the LIC board approved a revised IPO issue\\\\nsize to 3.5% from 5%. The government will now sell 3.5% of its stake in LIC for\\\\nRs 21,000 crore, valuing the company at Rs 6 trillion. \\\"}}]}","relatedPosts":null,"location":null,"createdBy":{"name":"Devanshu Singla","photo":"","username":"devanshusingla","id":"aJeiSJdpGmAb","role":null},"topics":[{"name":"LIC","slug":"lic","id":"DW8dhye7EZXw","isSection":0},{"name":"IPO","slug":"ipo","id":"JcXJ1FRsdnpu","isSection":0},{"name":"StockMarket","slug":"stockmarket","id":"vHCI0WQLTd1o","isSection":0},{"name":"SEBI","slug":"sebi","id":"3nLmnZjR2Qlg","isSection":0},{"name":"Insurance","slug":"insurance","id":"IyrBRsmoSgyk","isSection":0},{"name":"India","slug":"india","id":"Bq4MmUPrXF8p","isSection":1},{"name":"GoldmanSachs","slug":"goldmansachs","id":"BO8iR25KvGkA","isSection":0},{"name":"Business","slug":"business","id":"1hd39Bl2AdAV","isSection":1},{"name":"IndiaNews","slug":"indianews","id":"hmzqkpDB7jEj","isSection":0},{"name":"ShareMarket","slug":"sharemarket","id":"PkCsd9oT2rCN","isSection":0}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Devanshu Singla","id":"aJeiSJdpGmAb","username":"devanshusingla","role":2,"userType":0}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-04-27T15:45:00+05:30","publisher":0,"sourceFeed":null,"cleanText":"Insurance behemoth Life Insurance Corporation of India (LIC) is all set to hit the primary market next month. LIC chairman MR Kumar said the time has come for LIC to be listed. “I believe all LICians will work together to make it a huge success, and from now on we will call it LIC 3.0, said MR Kumar. ,LIC struggled in the first two decades to sell insurance in India and it gained momentum in the 70s and 80s. That was LIC 1.0. Then it adapted to the competition, which was LIC 2.0. And now this is LIC 3.0, added Kumar. Also Read | LIC IPO to open on May 4, issue price fixed at Rs 902-949,LIC’s public issue will open from May 4 to May 9 to the general public. For the anchor investors, the issue opened on May 2. The price band for the issue is fixed at Rs 902-949 per share, at the face value of Rs 10 each. For policyholders, 10% of the LIC IPO is reserved and they will get a discount of Rs 60 per share on the issue price. Retail investors and employees will be given a discount of Rs 45 per share. The employee reservation portion will be 5% of the post-offer equity share capital. Also Read | Elon Musk's Twitter takeover means early Christmas for Morgan Stanley,More than 9.88 crore shares are reserved for Qualified Institutional Buyers (QIBs) and more than 2.96 crore shares for non-institutional buyers. Investors can bid for a minimum of 15 equity shares and in multiples of 15 equity shares thereafter. Also Read | Adani Group beats HDFC in market cap, becomes third-largest conglomerate,The issue will be managed by 10-book running lead managers including Kotak Mahindra Capital, SBI Caps, ICICI Securities, Goldman Sachs, JM Financial, Axis Capital, JP Morgan, Nomura, Citigroup, and Bank of America Securities. The allotment of shares to the Demat account of bidders will happen by May 16, after which LIC would commence trading of equity shares in the stock exchanges and list “on or about May 17”. Also Read | Tesla's valuation falls by $126 billion amid Elon Musk's Twitter takeover,On April 23, the LIC board approved a revised IPO issue size to 3.5% from 5%. The government will now sell 3.5% of its stake in LIC for Rs 21,000 crore, valuing the company at Rs 6 trillion.","portalUser":{"id":"kQKU5wG2FUA","name":"Opoyi Central","username":"opoyicentral","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_6k77dlSYd.jpg","role":2,"userType":1},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":null,"keywords":"LIC,India,SBI Caps, LIC IPO, LIC IPO price, LIC IPO date,MR Kumar,LIC IPO details, LIC IPO size,Qualified Institutional Buyers,Life Insurance Corporation of India,ICICI Securities,Goldman Sachs,JM Financial,Axis Capital,Nomura,Citigroup,Bank of America Se","originalPublishedOn":"2022-04-27T15:45:00+05:30"}},{"node":{"id":"Q41EeZ9BBDiM","slug":"english/lic-ipo-price-band-fixed-at-rs-902-949-rs-60-discount-for-policyholders","slugV2":"business/lic-ipo-price-band-fixed-at-rs-902-949-rs-60-discount-for-policyholders-494191/","title":"LIC IPO: Price band fixed at Rs 902-949, Rs 60 discount for policyholders","postType":1,"coverMedia":"/opoyi_bOJPwYQjF.jpg","coverCaption":"LIC IPO is expected open on May 4, and close on May 9 (Photo Credit: Twitter/@LICIndiaForever)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-04-26T23:18:45+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003ePrice band for the LIC IPO has been fixed at Rs 902-949\u003c/li\u003e\n \u003cli\u003eRetail buyers and employees will get a discount of Rs 40\u003c/li\u003e\n \u003cli\u003ePolicyholders will get a discount of Rs 60\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1650995324996,\\\"strCount\\\":3060,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The price band for the initial public offering (IPO) of\\\\nLife Insurance Corporation of India \u003ca href=\\\\\\\"https://opoyi.com/business/lic-ipo-government-files-updated-drhp-with-results-293088/\\\\\\\"\u003e(LIC)\u003c/a\u003e has been fixed at Rs 902 to Rs 949,\\\\nwith a discount of Rs 60 for policyholders, reported CNBC TV18.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Retail buyers and employees will get a discount of Rs 40,\\\\nthe report said. The \u003ca href=\\\\\\\"https://opoyi.com/business/lic-ipo-insurance-behemoth-likely-to-go-public-on-may-424447/\\\\\\\"\u003eLIC IPO\u003c/a\u003e is expected open on May 4, and the issue is likely to\\\\nclose on May 9.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/bajaj-finance-q4-results-net-profit-jumps-to-rs-2420-crore-nii-grows-30-176210/\\\\\\\"\u003eBajaj Finance Q4 Results: Net profit jumps to Rs 2,420 crore, NII grows 30%\u003c/a\u003e\u0026nbsp;\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The anchor book for the public issue is expected to open\\\\non May 2 and there will be no greenshoe option in the IPO.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Securities Exchange Board of India (SEBI) on April 25\\\\napproved the updated draft red herring prospectus (DRHP), which lists a 3.5%\\\\nstake sale instead of 5% as mentioned in the earlier draft papers.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/dwac-stock-rebounds-as-elon-musk-acquires-twitter-614738/\\\\\\\"\u003eDWAC stock rebounds as Elon Musk acquires Twitter\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The updated DRHP was submitted before the SEBI last week.\\\\nThe government, which owns a 100% stake in the insurance behemoth, plans to raise\\\\nan amount of Rs 21,000 crore by selling around 22 crore shares or a 3.5% stake.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The red herring prospectus will be submitted before the\\\\nmarket regulator by April 27, the CNBC TV18 report added.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/veranda-learning-acquires-test-prep-institute-time-for-rs-287-crore-156286/\\\\\\\"\u003eVeranda Learning acquires test-prep institute T.I.M.E. for Rs 287 crore\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The seeking Rs 21,000 crore for the revised holding on the\\\\nblock, the Centre is targeting a valuation of Rs 6 trillion for the insurer.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The LIC IPO is crucial to the centre’s plan to reach its\\\\ndisinvestment targets. The government has fixed disinvestment receipts at Rs\\\\n65,000 crore for Rs 2022-23, up from Rs 13,531 crore in the previous financial\\\\nyear.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/science/twitter-stock-wallstreet-ends-in-green-as-elon-musk-buys-social-media-giant-366505/\\\\\\\"\u003eTwitter stock, Wallstreet ends in green as Elon Musk buys social media giant\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The first DRHP related to the IPO was submitted before\\\\nthe SEBI in February 2022, when the government had said it plans to 31.6 crore\\\\nshares in a 5% stake sale in the state-run insurance company. \\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"However, the IPO plans were deferred due to volatile\\\\nmarket conditions following the Russian Invasion of Ukraine.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/government-wont-further-dilute-stake-in-lic-post-ipo-report-301179/\\\\\\\"\u003eGovernment won't further dilute stake in LIC post IPO: Report\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The public issue size of the insurance giant at Rs 21,000\\\\ncrore is larger than the amount raised from the Paytm IPO in 2021 at Rs 18,300\\\\ncrore, followed by Coal India in 2010 at nearly Rs 15,500 crore and Reliance\\\\nPower (2008) at Rs 11,700 crore.\\\"}}]}","relatedPosts":null,"location":null,"createdBy":{"name":"Devanshu Singla","photo":"","username":"devanshusingla","id":"aJeiSJdpGmAb","role":null},"topics":[{"name":"LIC","slug":"lic","id":"DW8dhye7EZXw","isSection":0},{"name":"IPO","slug":"ipo","id":"JcXJ1FRsdnpu","isSection":0},{"name":"SEBI","slug":"sebi","id":"3nLmnZjR2Qlg","isSection":0},{"name":"Insurance","slug":"insurance","id":"IyrBRsmoSgyk","isSection":0},{"name":"StockExchange","slug":"stockexchange","id":"OH9GDHEEbwFC","isSection":0},{"name":"ShareMarket","slug":"sharemarket","id":"PkCsd9oT2rCN","isSection":0},{"name":"StockMarket","slug":"stockmarket","id":"vHCI0WQLTd1o","isSection":0},{"name":"IndiaNews","slug":"indianews","id":"hmzqkpDB7jEj","isSection":0},{"name":"Business","slug":"business","id":"1hd39Bl2AdAV","isSection":1}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Devanshu Singla","id":"aJeiSJdpGmAb","username":"devanshusingla","role":2,"userType":0}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-04-26T23:18:44+05:30","publisher":6,"sourceFeed":null,"cleanText":"The price band for the initial public offering (IPO) of Life Insurance Corporation of India (LIC) has been fixed at Rs 902 to Rs 949, with a discount of Rs 60 for policyholders, reported CNBC TV18. Retail buyers and employees will get a discount of Rs 40, the report said. The LIC IPO is expected open on May 4, and the issue is likely to close on May 9. Also Read | Bajaj Finance Q4 Results: Net profit jumps to Rs 2,420 crore, NII grows 30% ,The anchor book for the public issue is expected to open on May 2 and there will be no greenshoe option in the IPO. The Securities Exchange Board of India (SEBI) on April 25 approved the updated draft red herring prospectus (DRHP), which lists a 3.5% stake sale instead of 5% as mentioned in the earlier draft papers. Also Read | DWAC stock rebounds as Elon Musk acquires Twitter,The updated DRHP was submitted before the SEBI last week. The government, which owns a 100% stake in the insurance behemoth, plans to raise an amount of Rs 21,000 crore by selling around 22 crore shares or a 3.5% stake. The red herring prospectus will be submitted before the market regulator by April 27, the CNBC TV18 report added. Also Read | Veranda Learning acquires test-prep institute T.I.M.E. for Rs 287 crore,The seeking Rs 21,000 crore for the revised holding on the block, the Centre is targeting a valuation of Rs 6 trillion for the insurer. The LIC IPO is crucial to the centre’s plan to reach its disinvestment targets. The government has fixed disinvestment receipts at Rs 65,000 crore for Rs 2022-23, up from Rs 13,531 crore in the previous financial year. Also Read | Twitter stock, Wallstreet ends in green as Elon Musk buys social media giant,The first DRHP related to the IPO was submitted before the SEBI in February 2022, when the government had said it plans to 31.6 crore shares in a 5% stake sale in the state-run insurance company. ,However, the IPO plans were deferred due to volatile market conditions following the Russian Invasion of Ukraine. Also Read | Government won't further dilute stake in LIC post IPO: Report,The public issue size of the insurance giant at Rs 21,000 crore is larger than the amount raised from the Paytm IPO in 2021 at Rs 18,300 crore, followed by Coal India in 2010 at nearly Rs 15,500 crore and Reliance Power (2008) at Rs 11,700 crore.","portalUser":{"id":"MK3GmgLG7wo1","name":"Opoyi Business","username":"OpoyiBusiness","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_D6026Kum9dg.jpg","role":2,"userType":1},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":null,"keywords":"Life Insurance Corporation of India,The Securities Exchange Board of India,SEBI,the Russian Invasion of Ukraine,the Paytm IPO,Reliance Power,LIC IPO, LIC IPO details, LIC IPO date, LIC IPO price band,Stock market, Stock market news, stock market updates","originalPublishedOn":"2022-04-26T23:18:44+05:30"}},{"node":{"id":"iGtWzOrKIAob","slug":"english/sebi-rejigs-its-advisory-committee-on-market-data","slugV2":"business/sebi-rejigs-its-advisory-committee-on-market-data-350999/","title":"SEBI rejigs its advisory committee on market data","postType":1,"coverMedia":"/opoyi_e-nQGlXCbUf.jpg","coverCaption":"Market data advisory committee suggests policy measures related to securities market data access and privacy. (Photo credit: Twitter/ @SEBI_India)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-04-26T16:04:31+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eSEBI has said the panel will now have 21 members\u003c/li\u003e\n \u003cli\u003eMS Sahoo is chairman of the advisory committee\u003c/li\u003e\n \u003cli\u003eCommittee recommends appropriate policy for access to securities market data\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1650969271088,\\\"strCount\\\":3105,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Securities and Exchange Board of India (SEBI) has restructured its advisory committee on market data that suggests policy measures related to areas such as securities market data access and privacy.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Restructuring its market data advisory committee,\u0026nbsp;SEBI\u0026nbsp;has said the panel will now have 21 members, according to the latest information with the market regulator. Earlier the advisory committee had 20 members.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/veranda-learning-acquires-test-prep-institute-time-for-rs-287-crore-156286/\\\\\\\"\u003eVeranda Learning acquires test-prep institute T.I.M.E. for Rs 287 crore\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"MS Sahoo, Professor at National Law University,\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/topics/delhi/\\\\\\\"\u003eDelhi\u003c/a\u003e\u0026nbsp;and former chairman of the Insolvency and Bankruptcy Board of India (IBBI), is chairman of the advisory committee.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"In addition to Sahoo, CEOs of stock exchanges and depositories, representatives of various stakeholders and senior officials of SEBI are also included in the panel.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/lic-ipo-insurance-behemoth-likely-to-go-public-on-may-424447/\\\\\\\"\u003eLIC IPO: Insurance behemoth likely to go public on May 4\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Members of the advisory committee include Nitin Kamath, Founder \u0026amp; CEO, Zerodha Broking Ltd; Suhas Tuljapurkar Managing Partner, Legagis; Sreekanth Nadella CEO \u0026amp; COO at Kfintech; Ranjit Pawar Managing Director, South Asia at Refinitiv; Kiran Shetty, CEO and Regional Head - India \u0026amp; South Asia at SWIFT India and Raman Uberoi Senior Advisor Government \u0026amp; Regulatory Relations at CRISIL.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/india/mahindra-cie-automotive-share-surges-over-15-on-reporting-strong-quarterly-results-603754/\\\\\\\"\u003eMahindra CIE Automotive share surges over 15% on reporting strong quarterly results\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Ashish Kumar Chauhan, Managing Director, BSE; Vikram Limaye, MD and CEO, NSE; Mahesh Vyas, MD of CMIE; Prithvi Haldea, chairman at Prime Database; and Anuj Kumar, CEO of CAMS will also continue as the panel members.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Ganesh Ramakrishnan Professor, Department of Computer Science and Engineering in IIT Bombay; Ashlesh Gosain, Regional Head - South Asia, Bloomberg LP,\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/topics/mumbai/\\\\\\\"\u003eMumbai\u003c/a\u003e\u0026nbsp;and Reena Garg Scientist \u0026amp; Head (Electronics \u0026amp; Information Technology Department) at BIS are no longer part of the committee.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/science/twitter-stock-wallstreet-ends-in-green-as-elon-musk-buys-social-media-giant-366505/\\\\\\\"\u003eTwitter stock, Wallstreet ends in green as Elon Musk buys social media giant\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The market data advisory committee is responsible for identifying segment-wise data perimeters, data needs and gaps, recommending data privacy and data access regulations applicable to market data.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"It also recommends appropriate policy for access to securities market data. Apart from this, the panel also recommends standardization of data definitions; data validation techniques (single source of truth, validation) and data identification logic (usage of uniform codes for identifying and storing data - raw data and derived data).\\\"}}]}","relatedPosts":null,"location":null,"createdBy":{"name":"Devanshu Singla","photo":"","username":"devanshusingla","id":"aJeiSJdpGmAb","role":null},"topics":[{"name":"SEBI","slug":"sebi","id":"3nLmnZjR2Qlg","isSection":0},{"name":"StockMarket","slug":"stockmarket","id":"vHCI0WQLTd1o","isSection":0},{"name":"NSE","slug":"nse","id":"74WQDLQfPQDQ","isSection":0},{"name":"Data","slug":"data","id":"vA3bINRPi0zt","isSection":0},{"name":"Business","slug":"business","id":"1hd39Bl2AdAV","isSection":1},{"name":"Finance","slug":"finance","id":"vdfCkTLQAVNK","isSection":0},{"name":"IndiaNews","slug":"indianews","id":"hmzqkpDB7jEj","isSection":0}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Devanshu Singla","id":"aJeiSJdpGmAb","username":"devanshusingla","role":2,"userType":0}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-04-26T16:04:30+05:30","publisher":6,"sourceFeed":null,"cleanText":"Securities and Exchange Board of India (SEBI) has restructured its advisory committee on market data that suggests policy measures related to areas such as securities market data access and privacy. Restructuring its market data advisory committee, SEBI has said the panel will now have 21 members, according to the latest information with the market regulator. Earlier the advisory committee had 20 members. Also Read | Veranda Learning acquires test-prep institute T.I.M.E. for Rs 287 crore,MS Sahoo, Professor at National Law University, Delhi and former chairman of the Insolvency and Bankruptcy Board of India (IBBI), is chairman of the advisory committee. In addition to Sahoo, CEOs of stock exchanges and depositories, representatives of various stakeholders and senior officials of SEBI are also included in the panel. Also Read | LIC IPO: Insurance behemoth likely to go public on May 4,Members of the advisory committee include Nitin Kamath, Founder \u0026 CEO, Zerodha Broking Ltd; Suhas Tuljapurkar Managing Partner, Legagis; Sreekanth Nadella CEO \u0026 COO at Kfintech; Ranjit Pawar Managing Director, South Asia at Refinitiv; Kiran Shetty, CEO and Regional Head - India \u0026 South Asia at SWIFT India and Raman Uberoi Senior Advisor Government \u0026 Regulatory Relations at CRISIL. Also Read | Mahindra CIE Automotive share surges over 15% on reporting strong quarterly results,Ashish Kumar Chauhan, Managing Director, BSE; Vikram Limaye, MD and CEO, NSE; Mahesh Vyas, MD of CMIE; Prithvi Haldea, chairman at Prime Database; and Anuj Kumar, CEO of CAMS will also continue as the panel members. Ganesh Ramakrishnan Professor, Department of Computer Science and Engineering in IIT Bombay; Ashlesh Gosain, Regional Head - South Asia, Bloomberg LP, Mumbai and Reena Garg Scientist \u0026 Head (Electronics \u0026 Information Technology Department) at BIS are no longer part of the committee. Also Read | Twitter stock, Wallstreet ends in green as Elon Musk buys social media giant,The market data advisory committee is responsible for identifying segment-wise data perimeters, data needs and gaps, recommending data privacy and data access regulations applicable to market data. It also recommends appropriate policy for access to securities market data. Apart from this, the panel also recommends standardization of data definitions; data validation techniques (single source of truth, validation) and data identification logic (usage of uniform codes for identifying and storing data - raw data and derived data).","portalUser":{"id":"MK3GmgLG7wo1","name":"Opoyi Business","username":"OpoyiBusiness","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_D6026Kum9dg.jpg","role":2,"userType":1},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":null,"keywords":"SEBI,Securities and Exchange Board of India,MS Sahoo,the advisory committee,Nitin Kamath,Zerodha Broking Ltd,Kfintech,SEBI market data advisory committee, SEBI advisory committee,market data advisory committee,SEBI news,Stock market news, stock market upd","originalPublishedOn":"2022-04-26T16:04:30+05:30"}},{"node":{"id":"ylyS06vO5jkt","slug":"english/trade-setup-top-15-things-to-know-before-market-opens-on-april-26-2022","slugV2":"india/trade-setup-top-15-things-to-know-before-market-opens-on-april-26-2022-652525/","title":"Trade Setup: Top 15 things to know before market opens on April 26, 2022","postType":1,"coverMedia":"/opoyi_hQ4MV2MGy.jpg","coverCaption":"The broader indices ended in red with the BSE Midcap index falling 1.86%, while the Small cap index was down by 1.88%. (Photo Credit: Representational Image/Pixabay)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-04-26T07:00:35+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eSensex fell 617.26 points or 1.08% to 56,579.89 and Nifty was down by 218.00 points or 1.27% to 16,953.95\u003c/li\u003e\n \u003cli\u003eNifty or India VIX rose 15.83% to 21.26 on Monday\u003c/li\u003e\n \u003cli\u003eThe trends on SGX Nifty indicate a flat opening for the index in India\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1650936634849,\\\"strCount\\\":14094,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/topics/indian/\\\\\\\"\u003eIndian\u003c/a\u003e equity benchmarks fell for the second day in a row on Monday, tracking poor trade in Asian market peers as a result of a worldwide sell-off driven by aggressive US Fed tightening and China-related concerns.\u0026nbsp;\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/youre-throwing-me-under-the-bus-elon-musks-spat-with-saudi-fund-revealed-631674/\\\\\\\"\u003e'You're throwing me under the bus': Musk's spat with Saudi fund revealed\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Nifty50 has formed a small negative on the daily chart with minor upper and lower shadows, according to Nagaraj Shetti, Technical Research Analyst at HDFC Securities. He said buying can emerge from close to 16,800.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/world/melissa-lucio-execution-delayed-by-texas-appeals-court-amid-growing-doubts-455758/\\\\\\\"\u003eMelissa Lucio execution delayed by Texas appeals court amid growing doubts\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\\\\\\\"The index is placed at the support of its previous swing low (April 19) and its 200-day exponential moving average around 16,850. The lower end of a crucial Doji pattern on the weekly chart is at 16,850, where a reasonable bounce has occurred in the recent past,\\\\\\\" he said.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/spacexs-starlink-inks-in-flight-wifi-deal-with-hawaiian-airlines-531723/\\\\\\\"\u003eSpaceX's Starlink inks in-flight WiFi deal with Hawaiian Airlines\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/topics/closingbell/\\\\\\\"\u003e\u003cb\u003eIndian Indices\u003c/b\u003e\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Sensex fell 617.26 points or 1.08% to 56,579.89 and Nifty was down by 218.00 points or 1.27% to 16,953.95 in the previous session. Sensex touched a high and low of 56,875.65 and 56,356.87, respectively. There were 8 stocks advancing against 22 stocks declining on the index. Nifty traded in a range of 17,054.30 and 16,888.70. There were 8 stocks advancing against 42 stocks declining on the index.\u0026nbsp;\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/entertainment/kylie-jenner-testifies-she-warned-brother-rob-kardashian-about-blac-chyna-583963/\\\\\\\"\u003eKylie Jenner testifies she warned brother Rob Kardashian about Blac Chyna\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eBroader Indices\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The broader indices ended in red with the \u003ca href=\\\\\\\"https://opoyi.com/topics/bse/\\\\\\\"\u003eBSE\u003c/a\u003e Midcap index falling 1.86%, while the Small cap index was down by 1.88%. The lone gaining sectoral index on the BSE was Bankex up by 0.12%, while Metal down by 3.71%, Realty down by 3.70%, Energy down by 2.74%, \u003ca href=\\\\\\\"https://opoyi.com/topics/telecom/\\\\\\\"\u003eTelecom\u003c/a\u003e down by 2.62% and Oil \u0026amp; Gas down by 2.53% were the top losing indices on BSE.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/world/why-trumps-spac-plunged-44-since-elon-musk-disclosed-twitter-stake-462325/\\\\\\\"\u003eWhy Trump's SPAC plunged 44% since Elon Musk disclosed Twitter stake\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eIndia VIX Index\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Nifty or India VIX, a gauge of the market's expectation of volatility over the near term, rose 15.83% to 21.26 on Monday.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eSGX Nifty\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The trends on SGX Nifty indicate a flat opening for the index in India with a 3-points loss. The Nifty futures were trading at\u0026nbsp;17,124.80 on the Singaporean Exchange around 06:55 hours IST.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/sports/enjoy-it-pep-guardiola-urges-manchester-city-players-to-relish-real-madrid-clash-578556/\\\\\\\"\u003e'Enjoy it': Guardiola urges Man City players to relish Real Madrid clash\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eSupport and Resistance levels\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The key support level for the Nifty is placed at 16,877, followed by 16,800. If the index moves up, the key resistance levels to watch out for are 17,043 and 17,131, according to pivot charts.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/topics/nasdaq/\\\\\\\"\u003e\u003cb\u003eUS Markets\u003c/b\u003e\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The S\u0026amp;P 500 rose 24.34 points, or 0.6%, to 4,296.12.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Dow Jones Industrial Average rose 238.06 points, or 0.7%, to 34,049.46.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Nasdaq rose 165.56 points, or 1.3%, to 13,004.85.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Russell 2000 index of smaller companies rose 13.54 points, or 0.7%, to 1,954.20.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/world/white-house-warns-more-will-die-without-urgent-covid-19-funding-546406/\\\\\\\"\u003eWhite House warns more will die without urgent COVID-19 funding\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eAsian Markets\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Asian markets finished sharply lower yesterday with shares in China leading the region. The Shanghai Composite was down 5.13% while Hong Kong's Hang Seng was off 3.69% and Japan's Nikkei 225 was lower by 1.90%.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eEuropean Markets\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"European markets finished sharply lower yesterday with shares in \u003ca href=\\\\\\\"https://opoyi.com/topics/france/\\\\\\\"\u003eFrance\u003c/a\u003e leading the region. The CAC 40 was down 2.01% while London's FTSE 100 was off 1.88% and Germany's DAX was lower by 1.54%.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/usa/sanctions-against-vladimir-putins-alleged-lover-alina-kabaeva-tabled-but-why-391952/\\\\\\\"\u003eSanctions against Vladimir Putin’s alleged lover Alina Kabaeva tabled, but why?\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eMajor News Headlines\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/business/lic-ipo-insurance-behemoth-likely-to-go-public-on-may-424447/\\\\\\\"\u003e\u003cb\u003eLIC IPO: Insurance behemoth likely to go public on May 4\u003c/b\u003e\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The initial public offering (IPO) of the Life Insurance Corporation (LIC) of \u003ca href=\\\\\\\"https://opoyi.com/india/\\\\\\\"\u003eIndia\u003c/a\u003e is expected to open on May 4, reported CNBC TV18. The issue is expected to close on May 9, and the anchor book for the \u003ca href=\\\\\\\"https://opoyi.com/world/lic-ipo-expected-to-go-public-on-may-2-with-trimmed-issue-size-report-525489/\\\\\\\"\u003eLIC IPO\u003c/a\u003e is likely to open on May 2, the report said. The Securities and Exchange Board of India (SEBI) has approved the updated draft red herring prospectus (DRHP), which lists a 3.5% stake sale instead of 5% as mentioned in the previous draft papers. The \u003ca href=\\\\\\\"https://opoyi.com/business/lic-ipo-government-files-updated-drhp-with-results-293088/\\\\\\\"\u003erevised DRHP\u003c/a\u003e was presented to the \u003ca href=\\\\\\\"https://opoyi.com/topics/sebi/\\\\\\\"\u003eSEBI\u003c/a\u003e last week. The government owns a 100% stake in the insurance giant and plans to raise an amount of Rs 21,000 crore by selling around 22 crore shares or a 3.5% stake. The LIC board will meet this week to decide the price band for the IPO. The red herring prospectus will be submitted before the market regulator by April 27, the report added. According to the LIC Act, the government can reserve up to 10% for the policyholders. The government is targeting a valuation of Rs 6 trillion for the insurer by seeking Rs 21,00 crore for the revised holding on the block.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/business/eveready-q4-results-net-loss-stood-at-rs-38-crore-revenue-jumps-over-17-311087/\\\\\\\"\u003e\u003cb\u003eEveready Q4 Results: Net loss stood at Rs 38 crore, revenue jumps over 17%\u003c/b\u003e\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Battery and flashlights manufacturer Eveready Industries India Ltd, on April 25, reported a consolidated net loss of Rs 38.31 crore in the March quarter of fiscal 2022. The company has reported a net loss of Rs 442.53 crore in the March quarter of the previous financial year. Its revenue from operations grew 17.82% YoY to Rs 294.33 crore during the reported quarter. In the March quarter of fiscal 2021, revenue from operations stood at Rs 249.81 crore. \\\\\\\"The quarter continued to experience lower demand in all categories as inflation ruled high. Also, very significant input cost increases due to supply chain disruptions and overall inflationary pressures impacted margins severely. Price increases were taken to offset this resulted in market resistance,\\\\\\\" the company said. The flashlights segment continued to suffer due to a fall in imports from \u003ca href=\\\\\\\"https://opoyi.com/topics/china/\\\\\\\"\u003eChina\u003c/a\u003e. Eveready Industries’ total expenses stood at Rs 241.23 crore in the March 2022 quarter, down 11.51% from the final quarter of the previous financial year.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/india/in-war-against-inflation-raghuram-rajans-prescription-for-rbi-618356/\\\\\\\"\u003e\u003cb\u003eIn war against inflation, Raghuram Rajan’s prescription for RBI\u003c/b\u003e\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Inflation is soaring in \u003ca href=\\\\\\\"https://opoyi.com/india/\\\\\\\"\u003eIndia\u003c/a\u003e as the continuing Russia-Ukraine crisis raises crude oil prices and disrupts supply chains. The wholesale price-based index (WPI) has gone up to a four-month high of 14.55% and retail inflation, based on the consumer price index (CPI) has gone up to 6.95%. Amid this rise,\u003ca href=\\\\\\\"https://opoyi.com/wires/presstrustofindia/indias-economy-has-some-bright-spots-a-number-of-very-dark-stains-raghuram-rajan-374295/\\\\\\\"\u003e Raghuram Rajan\u003c/a\u003e, former head of India’s central bank, says the \u003ca href=\\\\\\\"https://opoyi.com/business/rbi-keeps-key-interest-rates-unchanged-567794/\\\\\\\"\u003eReserve Bank of India\u003c/a\u003e (RBI) will have to finally increase interest rates to bring inflation under control. “At some point, the \u003ca href=\\\\\\\"https://opoyi.com/topics/rbi/\\\\\\\"\u003eRBI\u003c/a\u003e will have to raise rates, like the rest of the world is doing,” the 23rd governor of RBI, and now a professor of finance at the University of Chicago Booth wrote in a post on \u003ca href=\\\\\\\"https://opoyi.com/topics/linkedin/\\\\\\\"\u003eLinkedIn\u003c/a\u003e titled “Fighting Inflation Again”. In his post, Rajan reminisces about his term as the head of India’s central bank and how India fought inflation at the time. “I became RBI governor with a three-year term in September 2013 when India had a full-blown currency crisis with the rupee having experienced a free fall,” Rajan said adding that inflation was at 9.5% then. “The RBI raised the repo rate from 7.25% in September 2013 to 8% to quell inflation. As inflation came down, we cut the repo rate by 150 basis points to 6.5%,” he wrote.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/india/indias-economy-to-grow-up-to-8-in-current-fiscal-says-cii-president-189162/\\\\\\\"\u003e\u003cb\u003eIndia's economy to grow up to 8% in current fiscal, says CII president\u003c/b\u003e\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/business/imf-slashes-indias-gdp-growth-forecast-by-80-bps-to-82-for-fy23-493146/\\\\\\\"\u003eIndia's economy\u003c/a\u003e is expected to grow at 7.5%-8% in this financial year, with exports playing a crucial role in the country’s success story, said CII President TV Narendran. He stated that the country should stay prepared for any consequences of the upcoming wave of the COVID-19 pandemic and the impact of the \u003ca href=\\\\\\\"https://opoyi.com/usa/russia-ukraine-war-all-you-need-to-know-667802/\\\\\\\"\u003eRussia-Ukraine war\u003c/a\u003e. \\\\\\\"We are confident that the economy can retain a high growth trajectory this year. So, we are very optimistic on the export front. Exports will be a key component of India’s success story going forward,” Narendran said. The comeback of the COVID-19 worldwide will impact the global supply chain and CII’s India economic growth estimate of 7.5%-8% in the current financial year factor these developments, the President of the industry body told PTI. \\\\\\\"The experience with \u003ca href=\\\\\\\"https://opoyi.com/topics/covid/\\\\\\\"\u003eCOVID\u003c/a\u003e shows that every time there is a fresh wave globally, it does hit India as well. Therefore, we must be prepared for the future waves,” he said.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/usa/premier-league-leeds-move-5-points-clear-of-relegation-zone-after-draw-against-crystal-palace-648432/\\\\\\\"\u003ePL: Leeds move 5 points clear of relegation zone after draw against Palace\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/topics/bulkdeal/\\\\\\\"\u003e\u003cb\u003eBulk Deal data\u003c/b\u003e\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"SATYA PRAKASH BAGLA sold 8,24,593 shares in Asian Hotels (North) Ltd at Rs 84.22 per share on the NSE.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"EUSTON INDUSTRIES LIMITED sold 25,00,000 shares in Birla Tyres Limited at Rs 15.16 per share on the NSE.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"SHRRADHA PUNIT BANSAL bought 70,000 shares in Crown Lifters Limited at Rs 34.99 per share on the \u003ca href=\\\\\\\"https://opoyi.com/topics/nse/\\\\\\\"\u003eNSE\u003c/a\u003e.\u0026nbsp;\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/world/russians-sergey-lavrov-says-possibility-of-world-war-iii-is-very-real-489432/\\\\\\\"\u003eRussia's Sergey Lavrov says possibility of World War III is very 'real'\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"ANAND RATHI GLOBAL FINANCE LTD sold 7,35,140 shares in Gokul Refoils and Solvent at Rs 45.97 per share on the NSE.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"KOTHARI MEENAXI DILIP bought 1,12,500 shares in GSS Infotech Limited at Rs 149.87 per share on the NSE.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"PADMAVATI INVESTMENT bought 31,00,000 shares in KBC Global Limited at Rs 10.65 per share on the \u003ca href=\\\\\\\"https://opoyi.com/topics/nse/\\\\\\\"\u003eNSE\u003c/a\u003e.\u0026nbsp;\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/science/elon-musk-outlines-vision-for-twitter-wants-his-worst-critics-to-stay-604525/\\\\\\\"\u003eElon Musk outlines vision for Twitter, wants his 'worst critics' to stay\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"RIDHI GOYAL sold 3,34,000 shares in Megastar Foods Limited at Rs 138.34 per share on the NSE.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"SETU SECURITIES PVT LTD sold 10,00,000 shares in MEP Infra. Developers Limited at Rs 24.30 per share on the NSE.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"NARANTAK DEALCOMM LIMITED bought 46,000 shares in N.B.I. Ind. Fin. Co. Limited at Rs 2159.50 per share on the \u003ca href=\\\\\\\"https://opoyi.com/topics/nse/\\\\\\\"\u003eNSE\u003c/a\u003e.\u0026nbsp;\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/world/canadian-defence-minister-warns-of-extremist-infiltration-in-military-202230/\\\\\\\"\u003eCanadian defence minister warns of extremist infiltration in military\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"NILAY RAMESH CHANDRA SHAH bought 2,75,000 shares in North East Carry Corp Limited at Rs 34.94 per share on the NSE.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"SATHISH SRINIVAS NAYAK sold 9,56,670 shares in One Point One Solutions Limited at Rs 26.95 per share on the NSE.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"ASHOK KUMAR BANSAL sold 1,05,000 shares in Shiv Aum Steels Limited at Rs 125.93 per share on the \u003ca href=\\\\\\\"https://opoyi.com/topics/nse/\\\\\\\"\u003eNSE\u003c/a\u003e.\u0026nbsp;\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"KREDENCE MULTI TRADING LTD sold 12,18,967 shares in Uttam Galva Steels Limited at Rs 4.60 per share on the NSE.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/science/how-much-will-be-jack-dorseys-share-in-twitters-44-billion-sale-to-elon-musk-636266/\\\\\\\"\u003eHow much will be Jack Dorsey's share in Twitter's $44 billion sale to Elon Musk?\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/topics/fiianddii/\\\\\\\"\u003e\u003cb\u003eDII and FII data\u003c/b\u003e\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Foreign institutional investors (FIIs) sold shares worth a net Rs 3,302.85 crore, while domestic institutional investors (DIIs) bought shares worth a net Rs 1,870.45 crore in the Indian equity market on April 25, as per provisional data available on the NSE.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/world/donald-trump-rules-out-twitter-return-after-elon-musk-takeover-will-be-truthing-instead-571917/\\\\\\\"\u003eTrump rules out Twitter return despite Musk deal, will be 'TRUTHing' instead\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/topics/foban/\\\\\\\"\u003e\u003cb\u003eNSE F\u0026amp;O Ban\u003c/b\u003e\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"No stock/security has been put under the F\u0026amp;O ban for April 26. Securities in the ban period under the F\u0026amp;O segment include companies in which the security has crossed 95% of the market-wide position limit.\\\"}}]}","relatedPosts":null,"location":null,"createdBy":{"name":"Yash Sadhak Shrivastava","photo":"https://opoyi.com/images/opoyi_YTc6hxpHI.jpg?tr=w-600,q-70,dpr","username":"yashsadhak","id":"hVr8BLevnFNI","role":null},"topics":[{"name":"TradeSetup","slug":"tradesetup","id":"odcbbjEYtYHE","isSection":0},{"name":"StockMarket","slug":"stockmarket","id":"vHCI0WQLTd1o","isSection":0},{"name":"Sensex","slug":"sensex","id":"MhfKMlGWFTBF","isSection":0},{"name":"BSE","slug":"bse","id":"2seBd7Lyb8z6","isSection":0},{"name":"NSE","slug":"nse","id":"74WQDLQfPQDQ","isSection":0},{"name":"Nifty","slug":"nifty","id":"2JvkXElbbqnQ","isSection":0},{"name":"ShareMarket","slug":"sharemarket","id":"PkCsd9oT2rCN","isSection":0},{"name":"India","slug":"india","id":"Bq4MmUPrXF8p","isSection":1},{"name":"indian","slug":"indian","id":"YTJpdaKq5t2z","isSection":0},{"name":"LinkedIn","slug":"linkedin","id":"qDbRU3FAqme0","isSection":0},{"name":"SEBI","slug":"sebi","id":"3nLmnZjR2Qlg","isSection":0},{"name":"Russia","slug":"russia","id":"ZdjTIzNom80K","isSection":0},{"name":"China","slug":"china","id":"gtTvlJMpH5eQ","isSection":0},{"name":"London","slug":"london","id":"PFIK5nEYHzYU","isSection":0},{"name":"RaghuramRajan","slug":"raghuramrajan","id":"sKQ0BvEjJKYg","isSection":0},{"name":"Japan","slug":"japan","id":"anJhzDRc6xxB","isSection":0},{"name":"France","slug":"france","id":"aF0AipAbPtoh","isSection":0},{"name":"Germany","slug":"germany","id":"OAY7kVupDf3P","isSection":0},{"name":"Telecom","slug":"telecom","id":"aDpXbsFABceS","isSection":0}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Yash Sadhak Shrivastava","id":"hVr8BLevnFNI","username":"yashsadhak","role":2,"userType":0}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-04-26T07:00:34+05:30","publisher":6,"sourceFeed":null,"cleanText":"Indian equity benchmarks fell for the second day in a row on Monday, tracking poor trade in Asian market peers as a result of a worldwide sell-off driven by aggressive US Fed tightening and China-related concerns. ,Also Read| 'You're throwing me under the bus': Musk's spat with Saudi fund revealed,The Nifty50 has formed a small negative on the daily chart with minor upper and lower shadows, according to Nagaraj Shetti, Technical Research Analyst at HDFC Securities. He said buying can emerge from close to 16,800. Also Read| Melissa Lucio execution delayed by Texas appeals court amid growing doubts,The index is placed at the support of its previous swing low (April 19) and its 200-day exponential moving average around 16,850. The lower end of a crucial Doji pattern on the weekly chart is at 16,850, where a reasonable bounce has occurred in the recent past, he said. Also Read| SpaceX's Starlink inks in-flight WiFi deal with Hawaiian Airlines,Indian Indices,Sensex fell 617.26 points or 1.08% to 56,579.89 and Nifty was down by 218.00 points or 1.27% to 16,953.95 in the previous session. Sensex touched a high and low of 56,875.65 and 56,356.87, respectively. There were 8 stocks advancing against 22 stocks declining on the index. Nifty traded in a range of 17,054.30 and 16,888.70. There were 8 stocks advancing against 42 stocks declining on the index. ,Also Read| Kylie Jenner testifies she warned brother Rob Kardashian about Blac Chyna,Broader Indices,The broader indices ended in red with the BSE Midcap index falling 1.86%, while the Small cap index was down by 1.88%. The lone gaining sectoral index on the BSE was Bankex up by 0.12%, while Metal down by 3.71%, Realty down by 3.70%, Energy down by 2.74%, Telecom down by 2.62% and Oil \u0026 Gas down by 2.53% were the top losing indices on BSE. Also Read| Why Trump's SPAC plunged 44% since Elon Musk disclosed Twitter stake,India VIX Index,Nifty or India VIX, a gauge of the market's expectation of volatility over the near term, rose 15.83% to 21.26 on Monday. SGX Nifty,The trends on SGX Nifty indicate a flat opening for the index in India with a 3-points loss. The Nifty futures were trading at 17,124.80 on the Singaporean Exchange around 06:55 hours IST. Also Read| 'Enjoy it': Guardiola urges Man City players to relish Real Madrid clash,Support and Resistance levels,The key support level for the Nifty is placed at 16,877, followed by 16,800. If the index moves up, the key resistance levels to watch out for are 17,043 and 17,131, according to pivot charts. US Markets,The S\u0026P 500 rose 24.34 points, or 0.6%, to 4,296.12. The Dow Jones Industrial Average rose 238.06 points, or 0.7%, to 34,049.46. The Nasdaq rose 165.56 points, or 1.3%, to 13,004.85. The Russell 2000 index of smaller companies rose 13.54 points, or 0.7%, to 1,954.20. Also Read| White House warns more will die without urgent COVID-19 funding,Asian Markets,Asian markets finished sharply lower yesterday with shares in China leading the region. The Shanghai Composite was down 5.13% while Hong Kong's Hang Seng was off 3.69% and Japan's Nikkei 225 was lower by 1.90%. European Markets,European markets finished sharply lower yesterday with shares in France leading the region. The CAC 40 was down 2.01% while London's FTSE 100 was off 1.88% and Germany's DAX was lower by 1.54%. Also Read| Sanctions against Vladimir Putin’s alleged lover Alina Kabaeva tabled, but why?,Major News Headlines,LIC IPO: Insurance behemoth likely to go public on May 4,The initial public offering (IPO) of the Life Insurance Corporation (LIC) of India is expected to open on May 4, reported CNBC TV18. The issue is expected to close on May 9, and the anchor book for the LIC IPO is likely to open on May 2, the report said. The Securities and Exchange Board of India (SEBI) has approved the updated draft red herring prospectus (DRHP), which lists a 3.5% stake sale instead of 5% as mentioned in the previous draft papers. The revised DRHP was presented to the SEBI last week. The government owns a 100% stake in the insurance giant and plans to raise an amount of Rs 21,000 crore by selling around 22 crore shares or a 3.5% stake. The LIC board will meet this week to decide the price band for the IPO. The red herring prospectus will be submitted before the market regulator by April 27, the report added. According to the LIC Act, the government can reserve up to 10% for the policyholders. The government is targeting a valuation of Rs 6 trillion for the insurer by seeking Rs 21,00 crore for the revised holding on the block. Eveready Q4 Results: Net loss stood at Rs 38 crore, revenue jumps over 17%,Battery and flashlights manufacturer Eveready Industries India Ltd, on April 25, reported a consolidated net loss of Rs 38.31 crore in the March quarter of fiscal 2022. The company has reported a net loss of Rs 442.53 crore in the March quarter of the previous financial year. Its revenue from operations grew 17.82% YoY to Rs 294.33 crore during the reported quarter. In the March quarter of fiscal 2021, revenue from operations stood at Rs 249.81 crore. The quarter continued to experience lower demand in all categories as inflation ruled high. Also, very significant input cost increases due to supply chain disruptions and overall inflationary pressures impacted margins severely. Price increases were taken to offset this resulted in market resistance, the company said. The flashlights segment continued to suffer due to a fall in imports from China. Eveready Industries’ total expenses stood at Rs 241.23 crore in the March 2022 quarter, down 11.51% from the final quarter of the previous financial year. In war against inflation, Raghuram Rajan’s prescription for RBI,Inflation is soaring in India as the continuing Russia-Ukraine crisis raises crude oil prices and disrupts supply chains. The wholesale price-based index (WPI) has gone up to a four-month high of 14.55% and retail inflation, based on the consumer price index (CPI) has gone up to 6.95%. Amid this rise, Raghuram Rajan, former head of India’s central bank, says the Reserve Bank of India (RBI) will have to finally increase interest rates to bring inflation under control. “At some point, the RBI will have to raise rates, like the rest of the world is doing,” the 23rd governor of RBI, and now a professor of finance at the University of Chicago Booth wrote in a post on LinkedIn titled “Fighting Inflation Again”. In his post, Rajan reminisces about his term as the head of India’s central bank and how India fought inflation at the time. “I became RBI governor with a three-year term in September 2013 when India had a full-blown currency crisis with the rupee having experienced a free fall,” Rajan said adding that inflation was at 9.5% then. “The RBI raised the repo rate from 7.25% in September 2013 to 8% to quell inflation. As inflation came down, we cut the repo rate by 150 basis points to 6.5%,” he wrote. India's economy to grow up to 8% in current fiscal, says CII president,India's economy is expected to grow at 7.5%-8% in this financial year, with exports playing a crucial role in the country’s success story, said CII President TV Narendran. He stated that the country should stay prepared for any consequences of the upcoming wave of the COVID-19 pandemic and the impact of the Russia-Ukraine war. We are confident that the economy can retain a high growth trajectory this year. So, we are very optimistic on the export front. Exports will be a key component of India’s success story going forward,” Narendran said. The comeback of the COVID-19 worldwide will impact the global supply chain and CII’s India economic growth estimate of 7.5%-8% in the current financial year factor these developments, the President of the industry body told PTI. The experience with COVID shows that every time there is a fresh wave globally, it does hit India as well. Therefore, we must be prepared for the future waves,” he said. Also Read| PL: Leeds move 5 points clear of relegation zone after draw against Palace,Bulk Deal data,SATYA PRAKASH BAGLA sold 8,24,593 shares in Asian Hotels (North) Ltd at Rs 84.22 per share on the NSE. EUSTON INDUSTRIES LIMITED sold 25,00,000 shares in Birla Tyres Limited at Rs 15.16 per share on the NSE. SHRRADHA PUNIT BANSAL bought 70,000 shares in Crown Lifters Limited at Rs 34.99 per share on the NSE. ,Also Read| Russia's Sergey Lavrov says possibility of World War III is very 'real',ANAND RATHI GLOBAL FINANCE LTD sold 7,35,140 shares in Gokul Refoils and Solvent at Rs 45.97 per share on the NSE. KOTHARI MEENAXI DILIP bought 1,12,500 shares in GSS Infotech Limited at Rs 149.87 per share on the NSE. PADMAVATI INVESTMENT bought 31,00,000 shares in KBC Global Limited at Rs 10.65 per share on the NSE. ,Also Read| Elon Musk outlines vision for Twitter, wants his 'worst critics' to stay,RIDHI GOYAL sold 3,34,000 shares in Megastar Foods Limited at Rs 138.34 per share on the NSE. SETU SECURITIES PVT LTD sold 10,00,000 shares in MEP Infra. Developers Limited at Rs 24.30 per share on the NSE. NARANTAK DEALCOMM LIMITED bought 46,000 shares in N.B.I. Ind. Fin. Co. Limited at Rs 2159.50 per share on the NSE. ,Also Read| Canadian defence minister warns of extremist infiltration in military,NILAY RAMESH CHANDRA SHAH bought 2,75,000 shares in North East Carry Corp Limited at Rs 34.94 per share on the NSE. SATHISH SRINIVAS NAYAK sold 9,56,670 shares in One Point One Solutions Limited at Rs 26.95 per share on the NSE. ASHOK KUMAR BANSAL sold 1,05,000 shares in Shiv Aum Steels Limited at Rs 125.93 per share on the NSE. ,KREDENCE MULTI TRADING LTD sold 12,18,967 shares in Uttam Galva Steels Limited at Rs 4.60 per share on the NSE. Also Read| How much will be Jack Dorsey's share in Twitter's $44 billion sale to Elon Musk?,DII and FII data,Foreign institutional investors (FIIs) sold shares worth a net Rs 3,302.85 crore, while domestic institutional investors (DIIs) bought shares worth a net Rs 1,870.45 crore in the Indian equity market on April 25, as per provisional data available on the NSE. Also Read| Trump rules out Twitter return despite Musk deal, will be 'TRUTHing' instead,NSE F\u0026O Ban,No stock/security has been put under the F\u0026O ban for April 26. Securities in the ban period under the F\u0026O segment include companies in which the security has crossed 95% of the market-wide position limit.","portalUser":{"id":"MK3GmgLG7wo1","name":"Opoyi Business","username":"OpoyiBusiness","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_D6026Kum9dg.jpg","role":2,"userType":1},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":null,"keywords":"NSE,India,China,Indian,Asian,VIX,Raghuram Rajan,US Fed,Nifty50,Nagaraj Shetti, Technical Research Analyst,HDFC Securities,Indian Indices Sensex,BSE,Bankex,Telecom,Trade setup, stock market news, stock news, share market news, sensex today, nifty today, gd","originalPublishedOn":"2022-04-26T07:00:34+05:30"}},{"node":{"id":"mfoIAl8Klh9J","slug":"english/lic-ipo-insurance-behemoth-likely-to-go-public-on-may-4","slugV2":"business/lic-ipo-insurance-behemoth-likely-to-go-public-on-may-424447/","title":"LIC IPO: Insurance behemoth likely to go public on May 4","postType":1,"coverMedia":"/opoyi_bOJPwYQjF.jpg","coverCaption":"LIC IPO is crucial to the government’s plan to reach its disinvestment targets (Photo Credit: Twitter/@LICIndiaForever)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-04-25T23:08:36+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eLIC public issue is expected to open on May 4\u003c/li\u003e\n \u003cli\u003eSEBI has approved the updated DRHP, which lists a 3.5% stake sale\u003c/li\u003e\n \u003cli\u003eCentre plans to raise an amount of Rs 21,000 crore by selling a 3.5% stake\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1650908316032,\\\"strCount\\\":2802,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The initial public offering (IPO) of the Life Insurance\\\\nCorporation (LIC) of \u003ca href=\\\\\\\"https://opoyi.com/india/\\\\\\\"\u003eIndia\u003c/a\u003e is expected to open on May 4, reported CNBC TV18.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The issue is expected to close on May 9, and the anchor\\\\nbook for the \u003ca href=\\\\\\\"https://opoyi.com/world/lic-ipo-expected-to-go-public-on-may-2-with-trimmed-issue-size-report-525489/\\\\\\\"\u003eLIC IPO\u003c/a\u003e is likely to open on May 2, the report said.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Securities and Exchange Board of India (SEBI) has\\\\napproved the updated draft red herring prospectus (DRHP), which lists a 3.5%\\\\nstake sale instead of 5% as mentioned in the previous draft papers.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/government-wont-further-dilute-stake-in-lic-post-ipo-report-301179/\\\\\\\"\u003eGovernment won't further dilute stake in LIC post IPO: Report\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The \u003ca href=\\\\\\\"https://opoyi.com/business/lic-ipo-government-files-updated-drhp-with-results-293088/\\\\\\\"\u003erevised DRHP\u003c/a\u003e was presented to the \u003ca href=\\\\\\\"https://opoyi.com/topics/sebi/\\\\\\\"\u003eSEBI\u003c/a\u003e last week. The\\\\ngovernment owns a 100% stake in the insurance giant and plans to raise an\\\\namount of Rs 21,000 crore by selling around 22 crore shares or a 3.5% stake. \\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The LIC board will meet this week to\\\\ndecide the price band for the IPO. The red herring prospectus will be submitted\\\\nbefore the market regulator by April 27, the report added.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/lic-ipo-centre-amends-fema-rules-to-allow-20-fdi-in-insurance-giant-589315/\\\\\\\"\u003eLIC IPO: Centre amends FEMA rules to allow 20% FDI in insurance giant\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"According to the LIC Act, the government can reserve up\\\\nto 10% for the policyholders. The government is targeting a valuation of Rs 6\\\\ntrillion for the insurer by seeking Rs 21,00 crore for the revised holding on\\\\nthe block.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The IPO is crucial to the government’s plan to reach its\\\\ndisinvestment targets. The government has fixed disinvestment receipts at Rs\\\\n65,000 crore for 2022-23, up from Rs 13,531 crore in the previous financial\\\\nyear.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/lic-third-quarter-net-profit-jumps-to-rs-235-crore-643053/\\\\\\\"\u003eLIC third quarter net profit jumps to Rs 235 crore\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The previous DRHP related to the IPO was filed with the\\\\nSEBI in February when the Centre had said that it plans to sell 31.6 crore\\\\nshares in a 5% stake sale in the state-owned insurance company.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"However, the IPO plans were deferred due to volatile\\\\nmarket conditions following the Russian Invasion of Ukraine.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/why-young-indians-are-no-longer-seeking-jobs-471728/\\\\\\\"\u003eWhy young Indians are no longer seeking jobs\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The public issue size of the insurance giant at Rs 21,000\\\\ncrore is larger than the amount raised from the Paytm IPO in 2021 at Rs 18,300\\\\ncrore, followed by Coal India in 2010 at nearly Rs 15,500 crore and Reliance\\\\nPower (2008) at Rs 11,700 crore.\\\"}}]}","relatedPosts":null,"location":null,"createdBy":{"name":"Devanshu Singla","photo":"","username":"devanshusingla","id":"aJeiSJdpGmAb","role":null},"topics":[{"name":"LIC","slug":"lic","id":"DW8dhye7EZXw","isSection":0},{"name":"IPO","slug":"ipo","id":"JcXJ1FRsdnpu","isSection":0},{"name":"SEBI","slug":"sebi","id":"3nLmnZjR2Qlg","isSection":0},{"name":"India","slug":"india","id":"Bq4MmUPrXF8p","isSection":1},{"name":"Insurance","slug":"insurance","id":"IyrBRsmoSgyk","isSection":0},{"name":"Business","slug":"business","id":"1hd39Bl2AdAV","isSection":1},{"name":"IndiaNews","slug":"indianews","id":"hmzqkpDB7jEj","isSection":0},{"name":"StockExchange","slug":"stockexchange","id":"OH9GDHEEbwFC","isSection":0},{"name":"ShareMarket","slug":"sharemarket","id":"PkCsd9oT2rCN","isSection":0},{"name":"StockMarket","slug":"stockmarket","id":"vHCI0WQLTd1o","isSection":0}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Devanshu Singla","id":"aJeiSJdpGmAb","username":"devanshusingla","role":2,"userType":0}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-04-25T23:08:35+05:30","publisher":6,"sourceFeed":null,"cleanText":"The initial public offering (IPO) of the Life Insurance Corporation (LIC) of India is expected to open on May 4, reported CNBC TV18. The issue is expected to close on May 9, and the anchor book for the LIC IPO is likely to open on May 2, the report said. The Securities and Exchange Board of India (SEBI) has approved the updated draft red herring prospectus (DRHP), which lists a 3.5% stake sale instead of 5% as mentioned in the previous draft papers. Also Read | Government won't further dilute stake in LIC post IPO: Report,The revised DRHP was presented to the SEBI last week. The government owns a 100% stake in the insurance giant and plans to raise an amount of Rs 21,000 crore by selling around 22 crore shares or a 3.5% stake. ,The LIC board will meet this week to decide the price band for the IPO. The red herring prospectus will be submitted before the market regulator by April 27, the report added. Also Read | LIC IPO: Centre amends FEMA rules to allow 20% FDI in insurance giant,According to the LIC Act, the government can reserve up to 10% for the policyholders. The government is targeting a valuation of Rs 6 trillion for the insurer by seeking Rs 21,00 crore for the revised holding on the block. The IPO is crucial to the government’s plan to reach its disinvestment targets. The government has fixed disinvestment receipts at Rs 65,000 crore for 2022-23, up from Rs 13,531 crore in the previous financial year. Also Read | LIC third quarter net profit jumps to Rs 235 crore,The previous DRHP related to the IPO was filed with the SEBI in February when the Centre had said that it plans to sell 31.6 crore shares in a 5% stake sale in the state-owned insurance company. However, the IPO plans were deferred due to volatile market conditions following the Russian Invasion of Ukraine. Also Read | Why young Indians are no longer seeking jobs,The public issue size of the insurance giant at Rs 21,000 crore is larger than the amount raised from the Paytm IPO in 2021 at Rs 18,300 crore, followed by Coal India in 2010 at nearly Rs 15,500 crore and Reliance Power (2008) at Rs 11,700 crore.","portalUser":{"id":"MK3GmgLG7wo1","name":"Opoyi Business","username":"OpoyiBusiness","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_D6026Kum9dg.jpg","role":2,"userType":1},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":null,"keywords":"the Life Insurance Corporation,India,The Securities and Exchange Board of India,SEBI,LIC,the LIC Act,the Paytm IPO,Reliance Power,LIC IPO, LIC IPO date, LIC IPO size,Stock market, stock exchange, stock market updates","originalPublishedOn":"2022-04-25T23:08:35+05:30"}},{"node":{"id":"vboKXp8ufYmh","slug":"english/sebi-signs-mou-with-canadas-manitoba-securities-commission","slugV2":"business/sebi-signs-mou-with-canadas-manitoba-securities-commission-590308/","title":"SEBI signs MoU with Canada's Manitoba Securities Commission","postType":1,"coverMedia":"/opoyi_e-nQGlXCbUf.jpg","coverCaption":"SEBI has signed bilateral MoUs with securities regulators of various jurisdictions (Photo credit: Twitter/ @SEBI_India)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-04-22T01:43:30+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eSEBI and MSC have entered into an agreement for mutual cooperation\u003c/li\u003e\n \u003cli\u003eUnion Cabinet approved the signing of a MoU\u003c/li\u003e\n \u003cli\u003eIt will strengthen cross border cooperation in the area of securities regulation\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1650572009393,\\\"strCount\\\":3109,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Markets regulator Securities and Exchange Board of India (SEBI) and Canada’s Manitoba Securities Commission (MSC) have entered into an agreement for mutual cooperation, exchange of information and technical assistance.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The development comes after Union Cabinet last week approved the signing of a memorandum of understanding (MoU) between the \u003ca href=\\\\\\\"https://opoyi.com/topics/sebi/\\\\\\\"\u003eSEBI\u003c/a\u003e and Manitoba Securities Commission.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/sebi-simplifies-payment-process-via-upi-for-ipo-allotment-216408/\\\\\\\"\u003eSEBI simplifies payment process via UPI for IPO allotment\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The MoU, which took effect on Wednesday, will strengthen cross border cooperation in the area of securities regulation, SEBI said in a statement.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"This will enhance mutual assistance, contribute towards the efficient performance of the supervisory functions, support in providing technical domain knowledge, and enable effective enforcement of the laws and regulations governing the securities markets.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/lic-ipo-centre-amends-fema-rules-to-allow-20-fdi-in-insurance-giant-589315/\\\\\\\"\u003eLIC IPO: Centre amends FEMA rules to allow 20% FDI in insurance giant\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"With the signing of this MoU, investors based in the province of Manitoba will become eligible to obtain registration as Foreign Portfolio Investors (FPIs) with SEBI.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The agreement was signed by SEBI chairperson Madhabi Puri Buch and David Cheop, Chief Executive Officer and Chairperson at MSC.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/technology/lt-technology-services-q4-results-net-profit-grows-35-yoy-to-rs-262-crore-361473/\\\\\\\"\u003eL\u0026amp;T Technology Services Q4 Results: Net profit grows 35% YoY to Rs 262 crore\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"SEBI has signed bilateral MoUs with securities regulators of various jurisdictions. It is also a signatory to the multilateral MoU (MMoU) and enhanced MMoU (EMMoU) of the International Organization of Securities Commissions (IOSCO).\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/tata-steel-to-stop-doing-business-with-russia-amid-ongoing-war-with-ukraine-464178/\\\\\\\"\u003eTata Steel to stop doing business with Russia amid ongoing war with Ukraine\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Manitoba Securities Commission, a division of the Manitoba Financial Services Agency, is an independent agency of the Government of Manitoba that protects investors and promotes fair and efficient capital markets throughout the province. The Commission members deal with policy formulation, applications seeking an exemption or other special relief and perform a judicial function in the hearing of disciplinary proceedings brought under the several Acts or for the determination of applications. \\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/nestle-share-slips-over-2-after-reporting-125-fall-in-q1-net-profit-484001/\\\\\\\"\u003eNestle share slips over 2% after reporting 1.25% fall in Q1 net profit\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The administrative arm of the Commission conducts the day-to-day operations including registrations, processing of applications and prospectuses, preparing matters for the referral to the Commissioners and conducting investigations, prosecutions and other hearings.\\\"}}]}","relatedPosts":null,"location":null,"createdBy":{"name":"Devanshu Singla","photo":"","username":"devanshusingla","id":"aJeiSJdpGmAb","role":null},"topics":[{"name":"SEBI","slug":"sebi","id":"3nLmnZjR2Qlg","isSection":0},{"name":"Canada","slug":"canada","id":"Go7uHdKEBarl","isSection":0},{"name":"StockMarket","slug":"stockmarket","id":"vHCI0WQLTd1o","isSection":0},{"name":"ShareMarket","slug":"sharemarket","id":"PkCsd9oT2rCN","isSection":0},{"name":"Markets","slug":"markets","id":"dTaX87T5pmKe","isSection":0},{"name":"Finance","slug":"finance","id":"vdfCkTLQAVNK","isSection":0},{"name":"Business","slug":"business","id":"1hd39Bl2AdAV","isSection":1}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Devanshu Singla","id":"aJeiSJdpGmAb","username":"devanshusingla","role":2,"userType":0}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-04-22T01:43:29+05:30","publisher":6,"sourceFeed":null,"cleanText":"Markets regulator Securities and Exchange Board of India (SEBI) and Canada’s Manitoba Securities Commission (MSC) have entered into an agreement for mutual cooperation, exchange of information and technical assistance. The development comes after Union Cabinet last week approved the signing of a memorandum of understanding (MoU) between the SEBI and Manitoba Securities Commission. Also Read | SEBI simplifies payment process via UPI for IPO allotment,The MoU, which took effect on Wednesday, will strengthen cross border cooperation in the area of securities regulation, SEBI said in a statement. This will enhance mutual assistance, contribute towards the efficient performance of the supervisory functions, support in providing technical domain knowledge, and enable effective enforcement of the laws and regulations governing the securities markets. Also Read | LIC IPO: Centre amends FEMA rules to allow 20% FDI in insurance giant,With the signing of this MoU, investors based in the province of Manitoba will become eligible to obtain registration as Foreign Portfolio Investors (FPIs) with SEBI. The agreement was signed by SEBI chairperson Madhabi Puri Buch and David Cheop, Chief Executive Officer and Chairperson at MSC. Also Read | L\u0026T Technology Services Q4 Results: Net profit grows 35% YoY to Rs 262 crore,SEBI has signed bilateral MoUs with securities regulators of various jurisdictions. It is also a signatory to the multilateral MoU (MMoU) and enhanced MMoU (EMMoU) of the International Organization of Securities Commissions (IOSCO). Also Read | Tata Steel to stop doing business with Russia amid ongoing war with Ukraine,The Manitoba Securities Commission, a division of the Manitoba Financial Services Agency, is an independent agency of the Government of Manitoba that protects investors and promotes fair and efficient capital markets throughout the province. The Commission members deal with policy formulation, applications seeking an exemption or other special relief and perform a judicial function in the hearing of disciplinary proceedings brought under the several Acts or for the determination of applications. ,Also Read | Nestle share slips over 2% after reporting 1.25% fall in Q1 net profit,The administrative arm of the Commission conducts the day-to-day operations including registrations, processing of applications and prospectuses, preparing matters for the referral to the Commissioners and conducting investigations, prosecutions and other hearings.","portalUser":{"id":"MK3GmgLG7wo1","name":"Opoyi Business","username":"OpoyiBusiness","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_D6026Kum9dg.jpg","role":2,"userType":1},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":null,"keywords":"SEBI,Manitoba Securities Commission,Manitoba,Securities and Exchange Board of India,Canada,Union Cabinet,Foreign Portfolio Investors,Madhabi Puri Buch,David Cheop,Chairperson,MSC,MoUs,the International Organization of Securities Commissions,The Manitoba S","originalPublishedOn":"2022-04-22T01:43:29+05:30"}},{"node":{"id":"bAxS5qVt3Pku","slug":"english/sebi-simplifies-payment-process-via-upi-for-ipo-allotment","slugV2":"business/sebi-simplifies-payment-process-via-upi-for-ipo-allotment-216408/","title":"SEBI simplifies payment process via UPI for IPO allotment","postType":1,"coverMedia":"/opoyi_e-nQGlXCbUf.jpg","coverCaption":"SCSBs/UPI apps eligible for public issues will send SMS alerts to investors for all ASBA applications (Photo credit: Twitter/ @SEBI_India)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-04-20T23:58:14+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eSEBI streamlined the UPI system for shares applied for and allotted during an IPO\u003c/li\u003e\n \u003cli\u003eIt also devised a new reporting format for capturing the data of all ASBA applications\u003c/li\u003e\n \u003cli\u003eNew format has been introduced after reviewing the performance of SCSBs\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1650479293525,\\\"strCount\\\":3898,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Securities Exchange Board of India (SEBI) on April 20\\\\nstreamlined the Unified Payments Interface (UPI) system for shares applied for\\\\nand allotted during an initial public offering (IPO).\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The market regulator also devised a new reporting format\\\\nfor capturing the data of all ASBA (application supported by block amount)\\\\napplications unblocked by self-certified syndicate banks (SCSBs) and their\\\\ncorresponding date of actual unblock, reported PTI.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/entertainment/netflix-shares-plunge-more-than-35-on-lost-subscribers-579191/\\\\\\\"\u003eNetflix shares plunge more than 35% on lost subscribers\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"In a circular \u003ca href=\\\\\\\"https://opoyi.com/topics/sebi/\\\\\\\"\u003eSEBI\u003c/a\u003e said that the new format has been\\\\nintroduced after reviewing the performance of SCSBs on timely unblocking of\\\\napplication amounts and feedback received from market intermediaries. SCSBs\\\\nwill have to submit an application to the merchant bankers with a copy to the\\\\nRegistrar to the Issue in the prescribed format to claim the processing fee.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"This is subject to certain conditions such as the\\\\napplication being made no later than 30 days from the finalisation of the basis\\\\nof allotment by the Registrar to the Issue. As a result, SCSBs will have to\\\\nmake the application only after the application amount has been unblocked and\\\\nthe compensation related to investor complaints has been paid.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/ukrainian-man-uses-find-my-feature-on-apple-airpods-to-track-russian-troops-526422/\\\\\\\"\u003eUkrainian man uses 'Find My’ feature on Apple AirPods to track Russian troops\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"After the processing fee has been claimed by SCSBs, SCSBs\\\\nwill be responsible for providing the information requested by the merchant\\\\nbankers/Registrar to the Issue/issuer, and they will also be liable for\\\\ncompensating the Issue/issuer for any delay in unblocking of application\\\\namounts. \\\\\\\"Needless to state that SCSBs are liable to face appropriate\\\\naction under Securities Laws for non-compliance with the requirements of this\\\\ncircular,\\\\\\\" SEBI said.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"SEBI announced that SCSBs/UPI apps eligible for public\\\\nissues will send SMS alerts to investors for all ASBA applications, and may\\\\nalso include an invoice in the inbox as an extra feature to verify \u003ca href=\\\\\\\"https://opoyi.com/topics/upi/\\\\\\\"\u003eUPI\u003c/a\u003e mandate\\\\ndetails. The development comes after NPCI had approached SEBI with a proposal\\\\nto include an invoice in the inbox as one of the options for ensuring timely\\\\ninformation to investors.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/world/lt-infotech-share-tanks-5-despite-reporting-positive-quarterly-results-520477/\\\\\\\"\u003eL\u0026amp;T Infotech share tanks 5% despite reporting positive quarterly results\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The details that need to be sent through SMS include the\\\\nname of the IPO, application amount and date on which amount was blocked in\\\\ncase of blocking of ASBA application amounts through the bank, online and UPI\\\\nchannels.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"With regards to debit and unblocking of ASBA application\\\\namounts, the SMS should include details such as the name of the IPO, the amount\\\\nto be debited and the date on which the amount was debited in the full\\\\nallotment scenario. In the case of non-allotment, SMS should contain\\\\ninformation about the amount to be unblocked and the date on which the amount\\\\nwas unblocked.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/usa/acc-shares-surge-over-5-despite-reporting-29-fall-in-q1-net-profit-474231/\\\\\\\"\u003eACC shares surge over 5% despite reporting 29% fall in Q1 net profit\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"This circular will come into force with immediate effect.\\\\nSEBI said provisions of this circular will be included in the offer documents\\\\nsuch as draft red herring prospectus (DRHP) and red herring prospectus (RHP). In\\\\nMarch 2021, SEBI announced measures to have a uniform policy to further\\\\nstreamline the processing of ASBA applications through the UPI process among\\\\nintermediaries or SCSBs, and also to provide a mechanism of compensation to\\\\ninvestors.\\\"}}]}","relatedPosts":null,"location":null,"createdBy":{"name":"Devanshu Singla","photo":"","username":"devanshusingla","id":"aJeiSJdpGmAb","role":null},"topics":[{"name":"SEBI","slug":"sebi","id":"3nLmnZjR2Qlg","isSection":0},{"name":"IPO","slug":"ipo","id":"JcXJ1FRsdnpu","isSection":0},{"name":"UPI","slug":"upi","id":"MB0nNdjuys5U","isSection":0},{"name":"Business","slug":"business","id":"1hd39Bl2AdAV","isSection":1},{"name":"Finance","slug":"finance","id":"vdfCkTLQAVNK","isSection":0},{"name":"StockMarket","slug":"stockmarket","id":"vHCI0WQLTd1o","isSection":0},{"name":"ShareMarket","slug":"sharemarket","id":"PkCsd9oT2rCN","isSection":0}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Devanshu Singla","id":"aJeiSJdpGmAb","username":"devanshusingla","role":2,"userType":0}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-04-20T23:58:13+05:30","publisher":6,"sourceFeed":null,"cleanText":"Securities Exchange Board of India (SEBI) on April 20 streamlined the Unified Payments Interface (UPI) system for shares applied for and allotted during an initial public offering (IPO). The market regulator also devised a new reporting format for capturing the data of all ASBA (application supported by block amount) applications unblocked by self-certified syndicate banks (SCSBs) and their corresponding date of actual unblock, reported PTI. Also Read | Netflix shares plunge more than 35% on lost subscribers,In a circular SEBI said that the new format has been introduced after reviewing the performance of SCSBs on timely unblocking of application amounts and feedback received from market intermediaries. SCSBs will have to submit an application to the merchant bankers with a copy to the Registrar to the Issue in the prescribed format to claim the processing fee. This is subject to certain conditions such as the application being made no later than 30 days from the finalisation of the basis of allotment by the Registrar to the Issue. As a result, SCSBs will have to make the application only after the application amount has been unblocked and the compensation related to investor complaints has been paid. Also Read | Ukrainian man uses 'Find My’ feature on Apple AirPods to track Russian troops,After the processing fee has been claimed by SCSBs, SCSBs will be responsible for providing the information requested by the merchant bankers/Registrar to the Issue/issuer, and they will also be liable for compensating the Issue/issuer for any delay in unblocking of application amounts. Needless to state that SCSBs are liable to face appropriate action under Securities Laws for non-compliance with the requirements of this circular, SEBI said. SEBI announced that SCSBs/UPI apps eligible for public issues will send SMS alerts to investors for all ASBA applications, and may also include an invoice in the inbox as an extra feature to verify UPI mandate details. The development comes after NPCI had approached SEBI with a proposal to include an invoice in the inbox as one of the options for ensuring timely information to investors. Also Read | L\u0026T Infotech share tanks 5% despite reporting positive quarterly results,The details that need to be sent through SMS include the name of the IPO, application amount and date on which amount was blocked in case of blocking of ASBA application amounts through the bank, online and UPI channels. With regards to debit and unblocking of ASBA application amounts, the SMS should include details such as the name of the IPO, the amount to be debited and the date on which the amount was debited in the full allotment scenario. In the case of non-allotment, SMS should contain information about the amount to be unblocked and the date on which the amount was unblocked. Also Read | ACC shares surge over 5% despite reporting 29% fall in Q1 net profit,This circular will come into force with immediate effect. SEBI said provisions of this circular will be included in the offer documents such as draft red herring prospectus (DRHP) and red herring prospectus (RHP). In March 2021, SEBI announced measures to have a uniform policy to further streamline the processing of ASBA applications through the UPI process among intermediaries or SCSBs, and also to provide a mechanism of compensation to investors.","portalUser":{"id":"MK3GmgLG7wo1","name":"Opoyi Business","username":"OpoyiBusiness","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_D6026Kum9dg.jpg","role":2,"userType":1},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":null,"keywords":"UPI,SEBI,Securities Exchange Board of India,Unified Payments Interface,Securities Laws,NPCI,Stock market, Share market, SEBI updates,SEBI circular, IPO","originalPublishedOn":"2022-04-20T23:58:13+05:30"}},{"node":{"id":"5treSqhZH749","slug":"english/tata-steel-board-to-meet-on-may-3-to-consider-stock-split-dividend","slugV2":"business/tata-steel-board-to-meet-on-may-3-to-consider-stock-split-dividend-154473/","title":"Tata Steel board to meet on May 3 to consider stock split, dividend","postType":1,"coverMedia":"https://ik.imagekit.io/o8plo3y5if/opoyi_p6PzLTRD-.jpg","coverCaption":"Tata Steel shares closed at Rs 1,319.25 per share on April 13 (Photo Credit: tatasteel.com)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-04-17T21:52:57+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eTata Steel is set to consider a stock split proposal on May 3\u003c/li\u003e\n \u003cli\u003eDecision will be subject to regulatory and shareholder approvals\u003c/li\u003e\n \u003cli\u003eIt will consider the recommendation of dividends for the financial year 2022\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1650212575736,\\\"strCount\\\":2653,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/technology/tcs-q4-results-net-profit-surges-7-to-rs-9926-crore-revenue-grows-16-366414/\\\\\\\"\u003eTata Group’s\u003c/a\u003e steel manufacturing entity, Tata Steel is\\\\nset to consider a stock split proposal on May 3. The company’s board will also\\\\ndecide on dividend recommendations for the financial year 2021-22.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"In an exchange filing on Sunday, Tata Steel stated that a\\\\nmeeting of the board of directors will be held on Tuesday, May 3, 2022.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/elon-musks-tweets-on-taking-tesla-private-were-false-rules-us-court-553690/\\\\\\\"\u003eElon Musk's tweets on taking Tesla private were false, rules US court\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"During the meeting, the board of Tata Steel Ltd will\\\\nconsider a proposal to split its equity shares bearing a face value of Rs 10\\\\nper share. The decision will be subject to regulatory, statutory and\\\\nshareholder approvals.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"However, the company did not specify the ratio of stock\\\\nsplit but is expected to give the information after the board approves the\\\\nproposal on May 3. \\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/hdfc-bank-q4-results-net-profit-jumps-23-yoy-to-rs-10055-crore-nii-up-10-602180/\\\\\\\"\u003eHDFC Bank Q4 Results: Net profit jumps 23% YoY to Rs 10,055 crore, NII up 10%\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Stock splits generally increase the number of outstanding\\\\nshares while reducing the price per equity share proportionately. Sub-division\\\\nof shares helps to improve liquidity and makes the stock more affordable for\\\\ninvestors. At the same time, the company’s market capitalization and the value\\\\nremain the same since there is no issuance of additional shares.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Additionally, the Tata Steel board will consider the\\\\nrecommendation of dividends for the financial year ended March 31, 2022, during\\\\nthe meeting.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/lic-ipo-centre-amends-fema-rules-to-allow-20-fdi-in-insurance-giant-589315/\\\\\\\"\u003eLIC IPO: Centre amends FEMA rules to allow 20% FDI in insurance giant\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The board will be meeting to consider and take on record\\\\nthe audited Standalone and unaudited Consolidated financial statements and\\\\nresults for the quarter ended March 31, 2022.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Share of the company had surged significantly with a\\\\nseries of acquisitions and the sharp spike in steel prices across the globe\\\\nfollowing the Russia-Ukraine war.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/world/sri-lankas-stock-exchange-comes-to-a-halt-as-crisis-deepens-again-466658/\\\\\\\"\u003eSri Lanka's stock exchange comes to a halt as crisis deepens, again\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"On April 13, Tata Steel shares closed at Rs 1,319.25 per\\\\nshare marginally lower compared to the previous closing on BSE. At the current\\\\nprice, the company’s market valuation is more than Rs 1.61 lakh crore.\\\"}}]}","relatedPosts":null,"location":null,"createdBy":{"name":"Devanshu Singla","photo":"","username":"devanshusingla","id":"aJeiSJdpGmAb","role":null},"topics":[{"name":"TataSteel","slug":"tatasteel","id":"fwaz5zdvBeK4","isSection":0},{"name":"TataGroup","slug":"tatagroup","id":"ZO1d4IM5yoyD","isSection":0},{"name":"StockMarket","slug":"stockmarket","id":"vHCI0WQLTd1o","isSection":0},{"name":"Business","slug":"business","id":"1hd39Bl2AdAV","isSection":1},{"name":"Russia","slug":"russia","id":"ZdjTIzNom80K","isSection":0},{"name":"StockExchange","slug":"stockexchange","id":"OH9GDHEEbwFC","isSection":0},{"name":"Asia","slug":"asia","id":"QzdhnKXHT05r","isSection":0},{"name":"SEBI","slug":"sebi","id":"3nLmnZjR2Qlg","isSection":0}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Devanshu Singla","id":"aJeiSJdpGmAb","username":"devanshusingla","role":2,"userType":0}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-04-17T21:52:55+05:30","publisher":6,"sourceFeed":null,"cleanText":"Tata Group’s steel manufacturing entity, Tata Steel is set to consider a stock split proposal on May 3. The company’s board will also decide on dividend recommendations for the financial year 2021-22. In an exchange filing on Sunday, Tata Steel stated that a meeting of the board of directors will be held on Tuesday, May 3, 2022. Also Read | Elon Musk's tweets on taking Tesla private were false, rules US court,During the meeting, the board of Tata Steel Ltd will consider a proposal to split its equity shares bearing a face value of Rs 10 per share. The decision will be subject to regulatory, statutory and shareholder approvals. However, the company did not specify the ratio of stock split but is expected to give the information after the board approves the proposal on May 3. ,Also Read | HDFC Bank Q4 Results: Net profit jumps 23% YoY to Rs 10,055 crore, NII up 10%,Stock splits generally increase the number of outstanding shares while reducing the price per equity share proportionately. Sub-division of shares helps to improve liquidity and makes the stock more affordable for investors. At the same time, the company’s market capitalization and the value remain the same since there is no issuance of additional shares. Additionally, the Tata Steel board will consider the recommendation of dividends for the financial year ended March 31, 2022, during the meeting. Also Read | LIC IPO: Centre amends FEMA rules to allow 20% FDI in insurance giant,The board will be meeting to consider and take on record the audited Standalone and unaudited Consolidated financial statements and results for the quarter ended March 31, 2022. Share of the company had surged significantly with a series of acquisitions and the sharp spike in steel prices across the globe following the Russia-Ukraine war. Also Read | Sri Lanka's stock exchange comes to a halt as crisis deepens, again,On April 13, Tata Steel shares closed at Rs 1,319.25 per share marginally lower compared to the previous closing on BSE. At the current price, the company’s market valuation is more than Rs 1.61 lakh crore.","portalUser":{"id":"MK3GmgLG7wo1","name":"Opoyi Business","username":"OpoyiBusiness","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_D6026Kum9dg.jpg","role":2,"userType":1},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":null,"keywords":"Tata Steel,Tata Group,Tata Steel Ltd,Standalone,Consolidated,Russia,Tata Steel stock split, Tata Steel dividend, Tata steel ,Tata, stock market news, stock market updates,stock market","originalPublishedOn":"2022-04-17T21:52:55+05:30"}},{"node":{"id":"SW5uC6cHyLWu","slug":"english/campus-footwear-ipo-expected-in-may-plans-to-expand-distribution-network","slugV2":"business/campus-footwear-ipo-expected-in-may-plans-to-expand-distribution-network-546529/","title":"Campus footwear IPO expected in May, plans to expand distribution network","postType":1,"coverMedia":"/opoyi_TcxnkfzJ_.jpg","coverCaption":"Campus will grow its network of EBOs and enhance its omnichannel presence and online sale (Photo Credit: Representational/Pixabay)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-04-17T20:46:52+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eCampus is planning to expand its distribution network its western and southern regions\u003c/li\u003e\n \u003cli\u003eThe company is planning to get listed on stock exchanges in May 2022\u003c/li\u003e\n \u003cli\u003eIt has proposed an OFS of 5.1 crore equity shares by promoters\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1650208611224,\\\"strCount\\\":3472,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Sports and athleisure footwear company Campus Activewear\\\\nis planning to expand its distribution network and strengthen its market share\\\\nin western and southern regions, reported PTI.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"According to the report, the company is planning to get\\\\nlisted on stock exchanges in May 2022. \\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The homegrown footwear maker, backed by equity fund TPG\\\\nGrowth and QRG Enterprises, also plans to expand its offering in the\\\\nhigh-margin women and kids portfolio, Campus Activewear CFO Raman Chawla said.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/elon-musks-tweets-on-taking-tesla-private-were-false-rules-us-court-553690/\\\\\\\"\u003eElon Musk's tweets on taking Tesla private were false, rules US court\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The company filed a draft red herring prospectus (DRHP) with the Securities Exchange Board of India (SEBI) in 2021. It has proposed an offer for sale (OFS) of 5.1 crore equity shares by promoters and existing shareholders in the initial public offering (IPO).\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The OFS include promoters Hari Krishna Agarwal and Nikhil Aggarwal and investors such as TPG Growth III SF Pte Ltd and QRG Enterprises Ltd.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/hdfc-bank-q4-results-net-profit-jumps-23-yoy-to-rs-10055-crore-nii-up-10-602180/\\\\\\\"\u003eHDFC Bank Q4 Results: Net profit jumps 23% YoY to Rs 10,055 crore, NII up 10%\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Currently, promoters hold a 78.21% stake in the company, TPG Growth owns 17.19% and QRG 3.86%, respectively. The remaining 0.74% stake is held by individual shareholders and current employees.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Campus will grow its network of exclusive brand outlets\\\\n(EBO) and enhance its omnichannel presence and online sale.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The campus will continue to build the D2C channel to\\\\ndrive premiumization and growth in other consumer segments, such as women and\\\\nkids. The company expects these initiatives to substantially increase its\\\\nnetwork coverage across \u003ca href=\\\\\\\"https://opoyi.com/india/\\\\\\\"\u003eIndia\u003c/a\u003e, said Chawla.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/lic-ipo-centre-amends-fema-rules-to-allow-20-fdi-in-insurance-giant-589315/\\\\\\\"\u003eLIC IPO: Centre amends FEMA rules to allow 20% FDI in insurance giant\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The company also plans to add more employees to support\\\\nits sales network expansion. \\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Currently, Campus has around 100 exclusive brand stores,\\\\nof which 65 are owned by the company and the remaining area on the franchise\\\\nmodel.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"In fiscal 2021, Campus added 190 new distributors while\\\\nin the first half (April-September) of the financial year 2022, it added 53\\\\ndistributors.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/india/textile-orders-from-sri-lanka-diverting-to-india-amid-economic-crisis-187582/\\\\\\\"\u003eTextile orders from Sri Lanka diverting to India amid economic crisis\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Delhi-based footwear company has an installed\\\\ncapacity to manufacture 25.6 million pairs per year. It has achieved sales of\\\\naround Rs 1,000 crore from April to December 2021.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The company is growing at a CAGR of 25% in the last few\\\\nyears. Chawla said that 20% of its business is now coming from new-age digital\\\\nsales channels. It has grown from Rs 20 crore to Rs 400 in the last three\\\\nyears. \\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Around 75% of its sales come from non-metro and tier-I\\\\nregions contribute to the remaining share.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/world/sri-lankas-stock-exchange-comes-to-a-halt-as-crisis-deepens-again-466658/\\\\\\\"\u003eSri Lanka's stock exchange comes to a halt as crisis deepens, again\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"According to Campus Activewear, it holds a 17% share of\\\\nthe branded sports and athleisure footwear market in India by value for FY21. \\\"}}]}","relatedPosts":null,"location":null,"createdBy":{"name":"Devanshu Singla","photo":"","username":"devanshusingla","id":"aJeiSJdpGmAb","role":null},"topics":[{"name":"IPO","slug":"ipo","id":"JcXJ1FRsdnpu","isSection":0},{"name":"StockMarket","slug":"stockmarket","id":"vHCI0WQLTd1o","isSection":0},{"name":"Business","slug":"business","id":"1hd39Bl2AdAV","isSection":1},{"name":"StockExchange","slug":"stockexchange","id":"OH9GDHEEbwFC","isSection":0},{"name":"SEBI","slug":"sebi","id":"3nLmnZjR2Qlg","isSection":0},{"name":"campus","slug":"campus","id":"pOi32jmwXQMZ","isSection":0},{"name":"Delhi","slug":"delhi","id":"rzYqAK9lbk5U","isSection":0}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Devanshu Singla","id":"aJeiSJdpGmAb","username":"devanshusingla","role":2,"userType":0}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-04-17T20:46:51+05:30","publisher":6,"sourceFeed":null,"cleanText":"Sports and athleisure footwear company Campus Activewear is planning to expand its distribution network and strengthen its market share in western and southern regions, reported PTI. According to the report, the company is planning to get listed on stock exchanges in May 2022. ,The homegrown footwear maker, backed by equity fund TPG Growth and QRG Enterprises, also plans to expand its offering in the high-margin women and kids portfolio, Campus Activewear CFO Raman Chawla said. Also Read | Elon Musk's tweets on taking Tesla private were false, rules US court,The company filed a draft red herring prospectus (DRHP) with the Securities Exchange Board of India (SEBI) in 2021. It has proposed an offer for sale (OFS) of 5.1 crore equity shares by promoters and existing shareholders in the initial public offering (IPO). The OFS include promoters Hari Krishna Agarwal and Nikhil Aggarwal and investors such as TPG Growth III SF Pte Ltd and QRG Enterprises Ltd. Also Read | HDFC Bank Q4 Results: Net profit jumps 23% YoY to Rs 10,055 crore, NII up 10%,Currently, promoters hold a 78.21% stake in the company, TPG Growth owns 17.19% and QRG 3.86%, respectively. The remaining 0.74% stake is held by individual shareholders and current employees. Campus will grow its network of exclusive brand outlets (EBO) and enhance its omnichannel presence and online sale. The campus will continue to build the D2C channel to drive premiumization and growth in other consumer segments, such as women and kids. The company expects these initiatives to substantially increase its network coverage across India, said Chawla. Also Read | LIC IPO: Centre amends FEMA rules to allow 20% FDI in insurance giant,The company also plans to add more employees to support its sales network expansion. ,Currently, Campus has around 100 exclusive brand stores, of which 65 are owned by the company and the remaining area on the franchise model. In fiscal 2021, Campus added 190 new distributors while in the first half (April-September) of the financial year 2022, it added 53 distributors. Also Read | Textile orders from Sri Lanka diverting to India amid economic crisis,The Delhi-based footwear company has an installed capacity to manufacture 25.6 million pairs per year. It has achieved sales of around Rs 1,000 crore from April to December 2021. The company is growing at a CAGR of 25% in the last few years. Chawla said that 20% of its business is now coming from new-age digital sales channels. It has grown from Rs 20 crore to Rs 400 in the last three years. ,Around 75% of its sales come from non-metro and tier-I regions contribute to the remaining share. Also Read | Sri Lanka's stock exchange comes to a halt as crisis deepens, again,According to Campus Activewear, it holds a 17% share of the branded sports and athleisure footwear market in India by value for FY21.","portalUser":{"id":"MK3GmgLG7wo1","name":"Opoyi Business","username":"OpoyiBusiness","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_D6026Kum9dg.jpg","role":2,"userType":1},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":null,"keywords":" Campus Activewear IPO,Campus IPO,Campus Activewear,OFS,Delhi,Hari Krishna Agarwal,Nikhil Aggarwal, Campus Activewear,QRG Enterprises,the Securities Exchange Board of India,SEBI, Campus DRHP, Stock exchange","originalPublishedOn":"2022-04-17T20:46:51+05:30"}},{"node":{"id":"vvf9UM1HSyGF","slug":"english/hdfc-bank-q4-results-net-profit-jumps-23-yoy-to-rs-10055-crore-nii-up-10","slugV2":"business/hdfc-bank-q4-results-net-profit-jumps-23-yoy-to-rs-10055-crore-nii-up-10-602180/","title":"HDFC Bank Q4 Results: Net profit jumps 23% YoY to Rs 10,055 crore, NII up 10%","postType":1,"coverMedia":"/opoyi_GEBnHP4fzRG.jpg","coverCaption":"NPAs stood at 1.1% of gross advances as of March 31, 2022 (Photo Credit: Representational/Unsplash))","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-04-17T16:33:22+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eHDFC Bank’s net revenues rose by 7.3% to Rs 26,509.8 crore\u003c/li\u003e\n \u003cli\u003eNet profit for the year was Rs 36,961.3 crore, up by 18.8%\u003c/li\u003e\n \u003cli\u003eAdvances grew 20.8% on the back of growth coming across products and segments\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1650193402289,\\\"strCount\\\":3559,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/india/explained-what-hdfc-ltd-merger-with-hdfc-bank-means-for-investors-641823/\\\\\\\"\u003eHDFC Bank\u003c/a\u003e reported a 22.8% year-on-year increase in net\\\\nprofit to Rs 10,055.2 crore for the quarter ended March 31, 2022. HDFC Bank has\\\\nposted a net profit of Rs 8,186.5 crore in the year-ago period. Net profit for\\\\nthe year ended March 31, 2022, was Rs 36,961.3 crore, up by 18.8% over the year\\\\nended March 31, 2021. \\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The rise is primarily due to a reduction in provision by\\\\nalmost Rs 1,300 crore. Provision for the fourth quarter of the financial year\\\\n2022 was at Rs 3312 crore as against Rs 4,692 crore in the January-March period\\\\nof 2020-21. Total provisions consisted of specific loan loss provisions of Rs\\\\n1,778.2 crore and general and other provisions of Rs 1,534.2 crore.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/why-is-twitter-swallowing-a-poison-pill-to-stop-getting-eaten-up-by-musk-575151/\\\\\\\"\u003eWhy is Twitter swallowing a poison pill? To stop getting eaten up by Musk\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The net interest income (NII) rose 10.2% to Rs 18,872.7\\\\ncrore in the January-March quarter, following a 20.8% growth in advances.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"HDFC Bank’s net revenues, net interest income plus other\\\\nincome, rose by 7.3% to Rs 26,509.8 crore for the reported quarter from Rs 24,714.1\\\\ncrore for the quarter ended March 31, 2021.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Advances grew 20.8% on the back of growth coming across\\\\nproducts and segments. Retail advances grew by 15.2%, commercial and rural\\\\nbanking loan products grew by 30.4% while wholesale loans registered a growth\\\\nof 17.4%. The core net interest margin was at 4.0% on total assets and 4.2%\\\\nbased on interest-earning assets.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/elon-musk-offers-to-acquire-100-stake-in-twitter-for-4139-billion-622742/\\\\\\\"\u003eElon Musk offers to buy Twitter for $41.39 billion\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Retail loans constitute 39% of the bank’s total, down\\\\nfrom 47% last year. Personal loans are 10% of the total loan book.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Gross non-performing assets (NPAs) stood at 1.1% of gross\\\\nadvances as of March 31, 2022, as compared to 1.26% as of December 31, 2021,\\\\nand 1.32% as of March 31, 2021. Net non-performing assets were at 0.32% of net\\\\nadvances for the quarter ended March 31, 2022.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/technology/infosys-q4-results-profit-grows-12-board-declares-rs-16-dividend-554208/\\\\\\\"\u003eInfosys Q4 Results: Profit grows 12%, board declares Rs 16 dividend\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\\\\\\\"We continued to add new liability relationships at\\\\na robust pace of 2.4 million during the quarter. Liquidity coverage ratio was\\\\nhealthy at 112%, well above the regulatory requirement,\\\\\\\" noted HDFC Bank\\\\nin an official statement.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The bank opened 563 new branches and added 7,167\\\\nemployees during the quarter. During the financial year 2021-22, it added 734\\\\nbranches and 21,486 employees. \\\\\\\"This, and other investments made during\\\\nthe year, will position the bank to capitalise on the growth opportunity,\\\\\\\"\\\\nit said.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/world/crisis-hit-sri-lanka-asks-citizens-abroad-to-send-home-money-335582/\\\\\\\"\u003eCrisis-hit Sri Lanka asks citizens abroad to send home money\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Operating expenses for the January-March quarter were Rs\\\\n10,152.8 crore, an increase of 10.6% against Rs 9,181.3 crore in the\\\\ncorresponding quarter of the previous year. The cost-to-income ratio for the\\\\nquarter stood at 38.3%. \\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"HDFC Bank’s total balance sheet size as of March 31,\\\\n2022, grew 18.4% to Rs 2,068,535 crore as against Rs 1,746,871 crore as of\\\\nMarch 31, 2022. CASA deposits grew by 22.0% with savings account deposits at Rs\\\\n511,739 crore and current account deposits at Rs 239,311 crore.\\\"}}]}","relatedPosts":null,"location":null,"createdBy":{"name":"Devanshu Singla","photo":"","username":"devanshusingla","id":"aJeiSJdpGmAb","role":null},"topics":[{"name":"HDFCBank","slug":"hdfcbank","id":"n3a3YDui7INw","isSection":0},{"name":"Banking","slug":"banking","id":"LjkF3MF2IZGY","isSection":0},{"name":"Business","slug":"business","id":"1hd39Bl2AdAV","isSection":1},{"name":"SEBI","slug":"sebi","id":"3nLmnZjR2Qlg","isSection":0},{"name":"StockMarket","slug":"stockmarket","id":"vHCI0WQLTd1o","isSection":0},{"name":"Finance","slug":"finance","id":"vdfCkTLQAVNK","isSection":0},{"name":"Results","slug":"results","id":"dtxiLesTDj21","isSection":0}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Devanshu Singla","id":"aJeiSJdpGmAb","username":"devanshusingla","role":2,"userType":0}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-04-17T16:33:21+05:30","publisher":6,"sourceFeed":null,"cleanText":"HDFC Bank reported a 22.8% year-on-year increase in net profit to Rs 10,055.2 crore for the quarter ended March 31, 2022. HDFC Bank has posted a net profit of Rs 8,186.5 crore in the year-ago period. Net profit for the year ended March 31, 2022, was Rs 36,961.3 crore, up by 18.8% over the year ended March 31, 2021. ,The rise is primarily due to a reduction in provision by almost Rs 1,300 crore. Provision for the fourth quarter of the financial year 2022 was at Rs 3312 crore as against Rs 4,692 crore in the January-March period of 2020-21. Total provisions consisted of specific loan loss provisions of Rs 1,778.2 crore and general and other provisions of Rs 1,534.2 crore. Also Read | Why is Twitter swallowing a poison pill? To stop getting eaten up by Musk,The net interest income (NII) rose 10.2% to Rs 18,872.7 crore in the January-March quarter, following a 20.8% growth in advances. HDFC Bank’s net revenues, net interest income plus other income, rose by 7.3% to Rs 26,509.8 crore for the reported quarter from Rs 24,714.1 crore for the quarter ended March 31, 2021. Advances grew 20.8% on the back of growth coming across products and segments. Retail advances grew by 15.2%, commercial and rural banking loan products grew by 30.4% while wholesale loans registered a growth of 17.4%. The core net interest margin was at 4.0% on total assets and 4.2% based on interest-earning assets. Also Read | Elon Musk offers to buy Twitter for $41.39 billion,Retail loans constitute 39% of the bank’s total, down from 47% last year. Personal loans are 10% of the total loan book. Gross non-performing assets (NPAs) stood at 1.1% of gross advances as of March 31, 2022, as compared to 1.26% as of December 31, 2021, and 1.32% as of March 31, 2021. Net non-performing assets were at 0.32% of net advances for the quarter ended March 31, 2022. Also Read | Infosys Q4 Results: Profit grows 12%, board declares Rs 16 dividend,We continued to add new liability relationships at a robust pace of 2.4 million during the quarter. Liquidity coverage ratio was healthy at 112%, well above the regulatory requirement, noted HDFC Bank in an official statement. The bank opened 563 new branches and added 7,167 employees during the quarter. During the financial year 2021-22, it added 734 branches and 21,486 employees. This, and other investments made during the year, will position the bank to capitalise on the growth opportunity, it said. Also Read | Crisis-hit Sri Lanka asks citizens abroad to send home money,Operating expenses for the January-March quarter were Rs 10,152.8 crore, an increase of 10.6% against Rs 9,181.3 crore in the corresponding quarter of the previous year. The cost-to-income ratio for the quarter stood at 38.3%. ,HDFC Bank’s total balance sheet size as of March 31, 2022, grew 18.4% to Rs 2,068,535 crore as against Rs 1,746,871 crore as of March 31, 2022. CASA deposits grew by 22.0% with savings account deposits at Rs 511,739 crore and current account deposits at Rs 239,311 crore.","portalUser":{"id":"MK3GmgLG7wo1","name":"Opoyi Business","username":"OpoyiBusiness","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_D6026Kum9dg.jpg","role":2,"userType":1},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":null,"keywords":"HDFC Bank,HDFC Bank Q4 results, HDFC Bank results, HDFC,HDFC Bank q4 2022 results,Q4 2022 results,HDFC Bank share price, HDFC Bank news, companies results, business news, India news","originalPublishedOn":"2022-04-17T16:33:21+05:30"}},{"node":{"id":"VA1PT9QphjJR","slug":"english/lic-ipo-centre-amends-fema-rules-to-allow-20-fdi-in-insurance-giant","slugV2":"business/lic-ipo-centre-amends-fema-rules-to-allow-20-fdi-in-insurance-giant-589315/","title":"LIC IPO: Centre amends FEMA rules to allow 20% FDI in insurance giant","postType":1,"coverMedia":"/opoyi_bOJPwYQjF.jpg","coverCaption":"SEBI has approved the sale of a 5% stake for an estimated Rs 63,000 crore (Photo Credit: Twitter/@LICIndiaForever)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-04-17T14:57:23+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eLIC is filing a request for draft prospectus with changes\u003c/li\u003e\n \u003cli\u003eDPIIT amended the FDI policy to facilitate foreign investment in LIC\u003c/li\u003e\n \u003cli\u003eFEMA notification was required to implement the provisions DPIIT\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1650187643179,\\\"strCount\\\":3441,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Paving the way for up to 20% foreign direct investment\\\\n(FDI) in the insurance giant \u003ca href=\\\\\\\"https://opoyi.com/business/lic-ipo-key-points-you-should-know-303339/\\\\\\\"\u003eLife Insurance Corporation of India\u003c/a\u003e (LIC), the\\\\ngovernment has amended the rules of the Foreign Exchange Management Act (FEMA).\\\\nThe government is planning to sell its stake in \u003ca href=\\\\\\\"https://opoyi.com/business/lic-third-quarter-net-profit-jumps-to-rs-235-crore-643053/\\\\\\\"\u003eLIC\u003c/a\u003e through an initial public\\\\noffering (IPO). In February, LIC filed the Draft Red Herring Prospectus (DRHP)\\\\nbefore the Securities Exchange Board of India (SEBI) for the IPO. \u003ca href=\\\\\\\"https://opoyi.com/business/lic-gets-sebis-nod-for-the-biggest-indian-ipo-ever-374614/\\\\\\\"\u003eSEBI approved\u003c/a\u003e\\\\nthe draft papers in March, and LIC is filing a request for a proposal with\\\\nchanges.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/lic-ipo-government-files-updated-drhp-with-results-293088/\\\\\\\"\u003eLIC IPO: Government files updated DRHP with results\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"After the Cabinet approval, the Department for Promotion\\\\nof Industry and Internal Trade (DPIIT) on March 14 amended the Foreign Direct\\\\nInvestment (FDI) policy to facilitate foreign investment in LIC ahead of the\\\\nmega public offer, reported PTI.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/topics/fema/\\\\\\\"\u003eFEMA\u003c/a\u003e notification was required to implement the\\\\nprovisions DPIIT issued through a press release, including changes to FDI\\\\npolicy that will allow foreign portfolio investors to subscribe to shares of\\\\nLIC.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/lic-ipo-ukraine-crisis-likely-to-impact-foreign-investor-interest-482495/\\\\\\\"\u003eLIC IPO: Ukraine crisis likely to impact foreign investor interest\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\\\\\\\"These rules may be called the Foreign Exchange Management\\\\n(Non-debt Instruments) (Amendment) Rules, 2022,\\\\\\\" said recent gazette\\\\nnotification. The notification has added a paragraph in the existing policy,\\\\nallowing up to 20% FDI in LIC through the automatic route.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Under current FDI policy, the foreign investment limit\\\\nfor public sector banks is 20% with government approval route, now it has been\\\\ndecided to allow foreign inflows of up to 20% in LIC and other such corporate\\\\nbodies, according to PTI.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/lic-ipo-heres-how-policyholders-can-participate-607943/\\\\\\\"\u003eLIC IPO: here's how policyholders can participate\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\\\\\\\"Foreign investment in LIC shall be subject to the\\\\nprovisions of the Life Insurance Corporation Act, 1956, (LIC Act) as amended\\\\nfrom time to time and such provisions of the Insurance Act, 1938, as amended\\\\nfrom time to time, as applicable to LIC,\\\\\\\" it said.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Paving the way for the country’s biggest-ever public\\\\nissue, SEBI has approved the draft prospectus for the sale of a 5% stake by the\\\\ngovernment for an estimated Rs 63,000 crore.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/lic-worlds-third-strongest-insurance-brand-brand-finance-617379/\\\\\\\"\u003eLIC world's third strongest insurance brand: Brand Finance\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"According to DRHP, LIC’s embedded value has been\\\\nestimated at Rs 5.4 lakh crore as of September 20, 2021, by the international\\\\nactuarial firm Milliman Advisors.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"However, the DRHP does not disclose the market valuation\\\\nof LIC but according to industry standards, it would be around three times the\\\\nembedded value or around Rs 16 lakh crore. Once listed, LIC’s market valuation\\\\nwill compete with top firms like Reliance Industries and \u003ca href=\\\\\\\"https://opoyi.com/technology/tcs-q4-results-net-profit-surges-7-to-rs-9926-crore-revenue-grows-16-366414/\\\\\\\"\u003eTCS\u003c/a\u003e.\\\"}}]}","relatedPosts":null,"location":null,"createdBy":{"name":"Devanshu Singla","photo":"","username":"devanshusingla","id":"aJeiSJdpGmAb","role":null},"topics":[{"name":"LIC","slug":"lic","id":"DW8dhye7EZXw","isSection":0},{"name":"FEMA","slug":"fema","id":"nffSkRR0bF7z","isSection":0},{"name":"FDI","slug":"fdi","id":"IUsNbDgZsGBY","isSection":0},{"name":"IPO","slug":"ipo","id":"JcXJ1FRsdnpu","isSection":0},{"name":"SEBI","slug":"sebi","id":"3nLmnZjR2Qlg","isSection":0},{"name":"Business","slug":"business","id":"1hd39Bl2AdAV","isSection":1},{"name":"Investment","slug":"investment","id":"BOGVZOTPlXcL","isSection":0},{"name":"StockMarket","slug":"stockmarket","id":"vHCI0WQLTd1o","isSection":0},{"name":"StockExchange","slug":"stockexchange","id":"OH9GDHEEbwFC","isSection":0},{"name":"IndiaNews","slug":"indianews","id":"hmzqkpDB7jEj","isSection":0},{"name":"Insurance","slug":"insurance","id":"IyrBRsmoSgyk","isSection":0}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Devanshu Singla","id":"aJeiSJdpGmAb","username":"devanshusingla","role":2,"userType":0}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-04-17T14:57:22+05:30","publisher":6,"sourceFeed":null,"cleanText":"Paving the way for up to 20% foreign direct investment (FDI) in the insurance giant Life Insurance Corporation of India (LIC), the government has amended the rules of the Foreign Exchange Management Act (FEMA). The government is planning to sell its stake in LIC through an initial public offering (IPO). In February, LIC filed the Draft Red Herring Prospectus (DRHP) before the Securities Exchange Board of India (SEBI) for the IPO. SEBI approved the draft papers in March, and LIC is filing a request for a proposal with changes. Also Read | LIC IPO: Government files updated DRHP with results,After the Cabinet approval, the Department for Promotion of Industry and Internal Trade (DPIIT) on March 14 amended the Foreign Direct Investment (FDI) policy to facilitate foreign investment in LIC ahead of the mega public offer, reported PTI. FEMA notification was required to implement the provisions DPIIT issued through a press release, including changes to FDI policy that will allow foreign portfolio investors to subscribe to shares of LIC. Also Read | LIC IPO: Ukraine crisis likely to impact foreign investor interest,These rules may be called the Foreign Exchange Management (Non-debt Instruments) (Amendment) Rules, 2022, said recent gazette notification. The notification has added a paragraph in the existing policy, allowing up to 20% FDI in LIC through the automatic route. Under current FDI policy, the foreign investment limit for public sector banks is 20% with government approval route, now it has been decided to allow foreign inflows of up to 20% in LIC and other such corporate bodies, according to PTI. Also Read | LIC IPO: here's how policyholders can participate,Foreign investment in LIC shall be subject to the provisions of the Life Insurance Corporation Act, 1956, (LIC Act) as amended from time to time and such provisions of the Insurance Act, 1938, as amended from time to time, as applicable to LIC, it said. Paving the way for the country’s biggest-ever public issue, SEBI has approved the draft prospectus for the sale of a 5% stake by the government for an estimated Rs 63,000 crore. Also Read | LIC world's third strongest insurance brand: Brand Finance,According to DRHP, LIC’s embedded value has been estimated at Rs 5.4 lakh crore as of September 20, 2021, by the international actuarial firm Milliman Advisors. However, the DRHP does not disclose the market valuation of LIC but according to industry standards, it would be around three times the embedded value or around Rs 16 lakh crore. Once listed, LIC’s market valuation will compete with top firms like Reliance Industries and TCS.","portalUser":{"id":"MK3GmgLG7wo1","name":"Opoyi Business","username":"OpoyiBusiness","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_D6026Kum9dg.jpg","role":2,"userType":1},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":null,"keywords":"LIC,FEMA,Life Insurance Corporation of India,the Foreign Exchange Management Act,the Securities Exchange Board of India,LIC Act,the Insurance Act,SEBI,LIC IPO, FEMA Act, FEMA amendments, LIC FEMA,LIC IPO updates, LIC IPO dates,Business news","originalPublishedOn":"2022-04-17T14:57:22+05:30"}},{"node":{"id":"3xjZ1yCKbk1k","slug":"english/dipam-may-meet-investment-bankers-today-on-lic-ipo","slugV2":"business/dipam-may-meet-investment-bankers-today-on-lic-ipo-136796/","title":"DIPAM may meet investment bankers today on LIC IPO","postType":1,"coverMedia":"/opoyi_bOJPwYQjF.jpg","coverCaption":"LIC public issue will be the largest in the history of the Indian stock market (Photo Credit: Twitter/@LICIndiaForever)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-04-12T15:16:52+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eDIPAM is likely to meet investment bankers for the LIC IPO today\u003c/li\u003e\n \u003cli\u003eThe department found that the current situation is favourable for the listing\u003c/li\u003e\n \u003cli\u003eGovernment is considering launching the LIC IPO by May\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1649756811520,\\\"strCount\\\":3106,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Department of Investment and Public Asset Management\\\\n(DIPAM) is likely to meet investment bankers for the \u003ca href=\\\\\\\"https://opoyi.com/business/lic-ipo-key-points-you-should-know-303339/\\\\\\\"\u003eLife Insurance Corporation\u003c/a\u003e\\\\n(LIC) Initial Public Offering (IPO) today. The department conducted market\\\\nassessments and found that the current situation is favourable for the listing\\\\nof India’s \u003ca href=\\\\\\\"https://opoyi.com/business/lic-worlds-third-strongest-insurance-brand-brand-finance-617379/\\\\\\\"\u003elargest insurance company\u003c/a\u003e.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The government could file an \u003ca href=\\\\\\\"https://opoyi.com/business/lic-ipo-government-files-updated-drhp-with-results-293088/\\\\\\\"\u003eupdated draft\u003c/a\u003e red herring\\\\nprospectus (UDRHP) for the \u003ca href=\\\\\\\"https://opoyi.com/business/lic-gets-sebis-nod-for-the-biggest-indian-ipo-ever-374614/\\\\\\\"\u003eLIC IPO\u003c/a\u003e with the market regulator Securities\\\\nExchange Board of India (SEBI), reported CNBC TV18.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/india/hdfc-bank-and-others-stop-credit-for-oil-imports-by-nayara-report-444648/\\\\\\\"\u003eHDFC Bank and others stop credit for oil imports by Nayara: Report\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The government is considering launching the LIC IPO by\\\\nMay, as suggested by government officials to the group of ministers headed by\\\\nFinance Minister Nirmala Sitharaman. Further, the committee is expected to make\\\\na decision soon in this regard and give approval to officials for the public\\\\noffering of shares of the state-owned insurance giant. \\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"According to the current DRHP, the government will dilute\\\\na 5% stake in LIC.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/delta-corp-shares-fell-4-after-company-reported-16-fall-in-q4-net-profit-548118/\\\\\\\"\u003eDelta Corp shares fell 4% after company reported 16% fall in Q4 net profit\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The LIC public issue will be the largest in the history\\\\nof the Indian stock market. Upon listing, LIC's market value would be\\\\ncomparable to leading companies like RIL and \u003ca href=\\\\\\\"https://opoyi.com/technology/tcs-q4-results-net-profit-surges-7-to-rs-9926-crore-revenue-grows-16-366414/\\\\\\\"\u003eTCS\u003c/a\u003e.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Initially, the government planned to sell 31.6 crore\\\\nshares or a 5% stake of LIC in March, but since the market has been volatile\\\\ndue to the Russia-Ukraine crisis, these plans have been put on hold.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/world/sri-lanka-announces-defaulting-on-all-external-debt-259393/\\\\\\\"\u003eSri Lanka announces default on all external debt amid economic crunch\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Up to 10% of the LIC IPO issue size will be reserved for\\\\npolicyholders. \\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"There is time until May 12 for the government to launch\\\\nthe LIC IPO without filing fresh papers with the market regulator SEBI, and if\\\\nit misses the May 12 deadline, LIC would have to file new documents with SEBI\\\\nadding the results of the December quarter and updating the embedded value.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/why-crypto-donations-are-skyrocketing-worldwide-explained-628527/\\\\\\\"\u003eWhy crypto donations are skyrocketing worldwide: Explained\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"LIC’s embedded value, a metric of the consolidated\\\\nshareholder value in an insurance company, was estimated at around Rs 5.4 lakh\\\\ncrore as of September 30, 2021. However, the DRHP does not disclose the market\\\\nvaluation of LIC. \\\"}}]}","relatedPosts":null,"location":null,"createdBy":{"name":"Devanshu Singla","photo":"","username":"devanshusingla","id":"aJeiSJdpGmAb","role":null},"topics":[{"name":"LIC","slug":"lic","id":"DW8dhye7EZXw","isSection":0},{"name":"IPO","slug":"ipo","id":"JcXJ1FRsdnpu","isSection":0},{"name":"SEBI","slug":"sebi","id":"3nLmnZjR2Qlg","isSection":0},{"name":"StockMarket","slug":"stockmarket","id":"vHCI0WQLTd1o","isSection":0},{"name":"India","slug":"india","id":"Bq4MmUPrXF8p","isSection":1},{"name":"NirmalaSitharaman","slug":"nirmalasitharaman","id":"lrmXa26Ltafh","isSection":0},{"name":"Finance","slug":"finance","id":"vdfCkTLQAVNK","isSection":0},{"name":"Business","slug":"business","id":"1hd39Bl2AdAV","isSection":1}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Devanshu Singla","id":"aJeiSJdpGmAb","username":"devanshusingla","role":2,"userType":0}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-04-12T15:16:51+05:30","publisher":6,"sourceFeed":null,"cleanText":"The Department of Investment and Public Asset Management (DIPAM) is likely to meet investment bankers for the Life Insurance Corporation (LIC) Initial Public Offering (IPO) today. The department conducted market assessments and found that the current situation is favourable for the listing of India’s largest insurance company. The government could file an updated draft red herring prospectus (UDRHP) for the LIC IPO with the market regulator Securities Exchange Board of India (SEBI), reported CNBC TV18. Also Read | HDFC Bank and others stop credit for oil imports by Nayara: Report,The government is considering launching the LIC IPO by May, as suggested by government officials to the group of ministers headed by Finance Minister Nirmala Sitharaman. Further, the committee is expected to make a decision soon in this regard and give approval to officials for the public offering of shares of the state-owned insurance giant. ,According to the current DRHP, the government will dilute a 5% stake in LIC. Also Read | Delta Corp shares fell 4% after company reported 16% fall in Q4 net profit,The LIC public issue will be the largest in the history of the Indian stock market. Upon listing, LIC's market value would be comparable to leading companies like RIL and TCS. Initially, the government planned to sell 31.6 crore shares or a 5% stake of LIC in March, but since the market has been volatile due to the Russia-Ukraine crisis, these plans have been put on hold. Also Read | Sri Lanka announces default on all external debt amid economic crunch,Up to 10% of the LIC IPO issue size will be reserved for policyholders. ,There is time until May 12 for the government to launch the LIC IPO without filing fresh papers with the market regulator SEBI, and if it misses the May 12 deadline, LIC would have to file new documents with SEBI adding the results of the December quarter and updating the embedded value. Also Read | Why crypto donations are skyrocketing worldwide: Explained,LIC’s embedded value, a metric of the consolidated shareholder value in an insurance company, was estimated at around Rs 5.4 lakh crore as of September 30, 2021. However, the DRHP does not disclose the market valuation of LIC.","portalUser":{"id":"MK3GmgLG7wo1","name":"Opoyi Business","username":"OpoyiBusiness","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_D6026Kum9dg.jpg","role":2,"userType":1},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":null,"keywords":"LIC,the Life Insurance Corporation,Initial Public Offering,India,Securities Exchange Board of India,Nirmala Sitharaman,RIL,TCS,Russia,DIPAM, LIC, IPO, disinvestment, LIC IPO DRHP,SEBI","originalPublishedOn":"2022-04-12T15:16:51+05:30"}},{"node":{"id":"KOvT94WWfyGi","slug":"english/trending-stocks-coal-india-ntpc-infosys-bse-and-others-in-news-today","slugV2":"india/trending-stocks-coal-india-ntpc-infosys-bse-and-others-in-news-today-392977/","title":"Trending Stocks: Coal India, NTPC, Infosys, BSE and others in news today","postType":1,"coverMedia":"https://images.opoyi.net/opoyi_SsPBhGsSj.jpg","coverCaption":"Stock prices on a digital screen on the facade of BSE building. (PTI Photo/Mitesh Bhuvad)(PTI01_21_2021_000055B)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-04-08T07:00:00+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eBank of Maharashtra has decided to divest its entire stake of 4% in India SME Asset Reconstruction Company\u003c/li\u003e\n \u003cli\u003eSonata Software board has approved the appointment of Samir Dhir as CEO of the company\u003c/li\u003e\n \u003cli\u003eSterling and Wilson Renewable Energy posted a loss of Rs 126.61 crore for the quarter ended March 2022\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1649380887670,\\\"strCount\\\":5993,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eCoal India (CIL)\u0026nbsp;\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The company has supplied coal to the Non-Power sector to the tune of 3.32 lakh tonnes per day in FY 2021-22. At present Coal India has a stock of 60.77 million tonnes (MT) as of April 01, 2022, and with the Production of 700 MT in FY 2022-23, CIL is making all efforts to meet the demand of all linked sections of the industries in FY 2022-23.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/india/trade-setup-top-15-things-to-know-before-market-opens-on-april-8-2022-331612/\\\\\\\"\u003eTrade Setup: Top 15 things to know before market opens on April 8, 2022\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eNTPC\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Energy Efficiency Services (EESL), a joint venture of four PSUs including \u003ca href=\\\\\\\"https://opoyi.com/topics/ntpc/\\\\\\\"\u003eNTPC\u003c/a\u003e, Power Finance Corporation, Rural Electrification Corporation \u0026amp; Power Grid Corporation, is eyeing to tie up with central and state agencies across the country with an aim to maximise the adoption of energy-efficient products and services in India.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/india/rbi-mpc-meet-central-bank-expected-to-keep-key-rates-unchanged-418980/\\\\\\\"\u003eRBI MPC meet: Central bank expected to keep key rates unchanged\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eBank of Maharashtra (BoM)\u0026nbsp;\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The bank has decided to divest its entire stake of 4% in India SME Asset Reconstruction Company for nearly Rs 4 crore. BoM has executed a share purchase agreement dated April 6, 2022, for the sale of the entire equity stake of 4% in India SME Asset Reconstruction Company (ISARC).\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/india/rbi-to-delay-first-repo-rate-hike-for-at-least-four-months-report-326385/\\\\\\\"\u003eRBI to delay first repo rate hike for at least four months: Report\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eSterling and Wilson Renewable Energy\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The company posted a loss of Rs 126.61 crore for the quarter ended March 2022, which narrowed from a loss of Rs 344.80 crore reported in the same period last year. However, revenue fell sharply to Rs 1,071 crore from Rs 1,364.5 crore during the same period. In the financial year FY22, the loss stood at Rs 916 crore, widened from Rs 290 crore in the previous year, while revenue rose moderately to Rs 5,199 crore from Rs 5,081 crore during the same period.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/science/spacex-tesla-and-now-twitter-the-many-businesses-of-elon-musk-525222/\\\\\\\"\u003eSpaceX, Tesla and now Twitter: The many businesses of Elon Musk\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eSonata Software\u0026nbsp;\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The board has approved the appointment of Samir Dhir as CEO of the company with effect from April 8, 2022. Srikar Reddy is voluntarily stepping down as CEO and will be continuing as Managing Director of the company.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/india/how-indias-new-crypto-tax-impacts-investors-169172/\\\\\\\"\u003eHow India's new crypto tax impacts investors\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eTata Consultancy Services (TCS)\u0026nbsp;\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The company has been recognized as a leader in the Everest Group PEAK Matrix for Digital Product Engineering Services.\u0026nbsp;\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/india/rbi-to-keep-accommodative-policy-as-inflation-rises-540075/\\\\\\\"\u003eRBI to keep accommodative policy as inflation rises\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eCholamandalam Investment and Finance Company\u0026nbsp;\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The company in a \u003ca href=\\\\\\\"https://opoyi.com/topics/bse/\\\\\\\"\u003eBSE\u003c/a\u003e filing said disbursements for Q4FY22 stood approximately at Rs 12,718 crore, a growth of 58 % compared to Rs 8,071 crore of disbursements in the corresponding period last fiscal. Collection efficiency on billing improved across all product segments and stood at 138% in Q4FY22 as against 120 % in the year-ago period.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/india/ukraines-economy-to-shrink-by-20-russias-by-10-in-2022-report-125562/\\\\\\\"\u003eUkraines' economy to shrink by 20%, Russias' by 10% in 2022: Report\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eInfosys\u0026nbsp;\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The IT company and Rolls-Royce extended strategic collaboration with the launch of the joint 'Aerospace Engineering and Digital Innovation Centre in \u003ca href=\\\\\\\"https://opoyi.com/topics/bengaluru/\\\\\\\"\u003eBengaluru\u003c/a\u003e. This centre will provide high-end research and development (R\u0026amp;D) services integrated with advanced digital capabilities to Rolls-Royce's engineering and group business services from India.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/india/sugar-stocks-rush-why-indian-investors-are-high-on-ethanol-494528/\\\\\\\"\u003eSugar stocks rush: Why Indian investors are high on ethanol\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eBSE Limited\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"BSE Technologies, a subsidiary of BSE, has received authorization from capital markets regulator \u003ca href=\\\\\\\"https://opoyi.com/topics/sebi/\\\\\\\"\u003eSEBI\u003c/a\u003e to act as a KYC Registration Agency (KRA).\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/india/explained-correlation-between-bond-yield-and-economy-475426/\\\\\\\"\u003eExplained: Correlation between bond yield and economy\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eHester Biosciences\u0026nbsp;\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The company in its BSE filing said the board has approved the execution of the Granting-Aid Letter Agreement for a grant of Rs 60 crore (in a phased manner) to the company by the Biotechnology Industry Research Assistance Council (BIRAC), a Government of India Enterprise. This will support \u003ca href=\\\\\\\"https://opoyi.com/topics/covid/\\\\\\\"\u003eCOVID\u003c/a\u003e vaccine manufacturing under Mission Covid Suraksha.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/new-ipo-fundraise-record-to-be-set-in-fy23-report-225453/\\\\\\\"\u003eNew IPO fundraise record to be set in FY23: Report\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eRama Steel Tubes\u0026nbsp;\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The company has registered a sales volume of 35,872 tonnes in Q4FY22 compared to 23,962 tonnes in Q4FY21 and 24,373 tonnes in Q3FY22.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/usa/government-seeking-to-classify-cryptocurrencies-under-gst-law-468114/\\\\\\\"\u003eGovernment seeking to classify cryptocurrencies under GST law\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eSobha\u0026nbsp;\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The company achieved a total sales volume of 1.34 million square feet of super built-up area and the highest ever realisation of Rs 1,109.6 crore for the quarter ended March 2022, against 1.33 million square feet of super built-up area and realisation of Rs 1,072 crore in the year-ago period. The average realisation per square foot stood at Rs 8,265 crore in Q4FY22, against Rs 8,014 crore in Q4FY21.\\\"}}]}","relatedPosts":null,"location":null,"createdBy":{"name":"Yash Sadhak Shrivastava","photo":"https://opoyi.com/images/opoyi_YTc6hxpHI.jpg?tr=w-600,q-70,dpr","username":"yashsadhak","id":"hVr8BLevnFNI","role":null},"topics":[{"name":"TrendingStocks","slug":"trendingstocks","id":"XNl0sRQ1kcCJ","isSection":0},{"name":"StockMarket","slug":"stockmarket","id":"vHCI0WQLTd1o","isSection":0},{"name":"Sensex","slug":"sensex","id":"MhfKMlGWFTBF","isSection":0},{"name":"Nifty","slug":"nifty","id":"2JvkXElbbqnQ","isSection":0},{"name":"ShareMarket","slug":"sharemarket","id":"PkCsd9oT2rCN","isSection":0},{"name":"India","slug":"india","id":"Bq4MmUPrXF8p","isSection":1},{"name":"RollsRoyce","slug":"rollsroyce","id":"t0egDshQaIUp","isSection":0},{"name":"Covid","slug":"covid","id":"jtkufHpdTfkm","isSection":0},{"name":"SEBI","slug":"sebi","id":"3nLmnZjR2Qlg","isSection":0},{"name":"Bengaluru","slug":"bengaluru","id":"aJTNUaRJKT21","isSection":0},{"name":"NTPC","slug":"ntpc","id":"gC0zj8wUoeAZ","isSection":0},{"name":"BSE","slug":"bse","id":"2seBd7Lyb8z6","isSection":0},{"name":"Infosys","slug":"infosys","id":"GGpdVFKVfB9t","isSection":0},{"name":"Asia","slug":"asia","id":"QzdhnKXHT05r","isSection":0},{"name":"covid19","slug":"covid19","id":"S9X5iTjQfBZD","isSection":0},{"name":"covid19","slug":"covid19","id":"S9X5iTjQfBZD","isSection":0}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Yash Sadhak Shrivastava","id":"hVr8BLevnFNI","username":"yashsadhak","role":2,"userType":0}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-04-08T07:00:00+05:30","publisher":6,"sourceFeed":null,"cleanText":"Coal India (CIL) ,The company has supplied coal to the Non-Power sector to the tune of 3.32 lakh tonnes per day in FY 2021-22. At present Coal India has a stock of 60.77 million tonnes (MT) as of April 01, 2022, and with the Production of 700 MT in FY 2022-23, CIL is making all efforts to meet the demand of all linked sections of the industries in FY 2022-23. Also Read| Trade Setup: Top 15 things to know before market opens on April 8, 2022,NTPC,Energy Efficiency Services (EESL), a joint venture of four PSUs including NTPC, Power Finance Corporation, Rural Electrification Corporation \u0026 Power Grid Corporation, is eyeing to tie up with central and state agencies across the country with an aim to maximise the adoption of energy-efficient products and services in India. Also Read| RBI MPC meet: Central bank expected to keep key rates unchanged,Bank of Maharashtra (BoM) ,The bank has decided to divest its entire stake of 4% in India SME Asset Reconstruction Company for nearly Rs 4 crore. BoM has executed a share purchase agreement dated April 6, 2022, for the sale of the entire equity stake of 4% in India SME Asset Reconstruction Company (ISARC). Also Read| RBI to delay first repo rate hike for at least four months: Report,Sterling and Wilson Renewable Energy,The company posted a loss of Rs 126.61 crore for the quarter ended March 2022, which narrowed from a loss of Rs 344.80 crore reported in the same period last year. However, revenue fell sharply to Rs 1,071 crore from Rs 1,364.5 crore during the same period. In the financial year FY22, the loss stood at Rs 916 crore, widened from Rs 290 crore in the previous year, while revenue rose moderately to Rs 5,199 crore from Rs 5,081 crore during the same period. Also Read| SpaceX, Tesla and now Twitter: The many businesses of Elon Musk,Sonata Software ,The board has approved the appointment of Samir Dhir as CEO of the company with effect from April 8, 2022. Srikar Reddy is voluntarily stepping down as CEO and will be continuing as Managing Director of the company. Also Read| How India's new crypto tax impacts investors,Tata Consultancy Services (TCS) ,The company has been recognized as a leader in the Everest Group PEAK Matrix for Digital Product Engineering Services. ,Also Read| RBI to keep accommodative policy as inflation rises,Cholamandalam Investment and Finance Company ,The company in a BSE filing said disbursements for Q4FY22 stood approximately at Rs 12,718 crore, a growth of 58 % compared to Rs 8,071 crore of disbursements in the corresponding period last fiscal. Collection efficiency on billing improved across all product segments and stood at 138% in Q4FY22 as against 120 % in the year-ago period. Also Read| Ukraines' economy to shrink by 20%, Russias' by 10% in 2022: Report,Infosys ,The IT company and Rolls-Royce extended strategic collaboration with the launch of the joint 'Aerospace Engineering and Digital Innovation Centre in Bengaluru. This centre will provide high-end research and development (R\u0026D) services integrated with advanced digital capabilities to Rolls-Royce's engineering and group business services from India. Also Read| Sugar stocks rush: Why Indian investors are high on ethanol,BSE Limited,BSE Technologies, a subsidiary of BSE, has received authorization from capital markets regulator SEBI to act as a KYC Registration Agency (KRA). Also Read| Explained: Correlation between bond yield and economy,Hester Biosciences ,The company in its BSE filing said the board has approved the execution of the Granting-Aid Letter Agreement for a grant of Rs 60 crore (in a phased manner) to the company by the Biotechnology Industry Research Assistance Council (BIRAC), a Government of India Enterprise. This will support COVID vaccine manufacturing under Mission Covid Suraksha. Also Read| New IPO fundraise record to be set in FY23: Report,Rama Steel Tubes ,The company has registered a sales volume of 35,872 tonnes in Q4FY22 compared to 23,962 tonnes in Q4FY21 and 24,373 tonnes in Q3FY22. Also Read| Government seeking to classify cryptocurrencies under GST law,Sobha ,The company achieved a total sales volume of 1.34 million square feet of super built-up area and the highest ever realisation of Rs 1,109.6 crore for the quarter ended March 2022, against 1.33 million square feet of super built-up area and realisation of Rs 1,072 crore in the year-ago period. The average realisation per square foot stood at Rs 8,265 crore in Q4FY22, against Rs 8,014 crore in Q4FY21.","portalUser":{"id":"MK3GmgLG7wo1","name":"Opoyi Business","username":"OpoyiBusiness","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_D6026Kum9dg.jpg","role":2,"userType":1},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":null,"keywords":"India,Q4FY22,SME Asset Reconstruction Company,NTPC Energy Efficiency Services,EESL,NTPC,Power Finance Corporation,Rural Electrification Corporation,Power Grid Corporation,Bank of Maharashtra (BoM,BoM,Wilson Renewable Energy,FY22,Samir Dhir,Srikar Reddy,St","originalPublishedOn":"2022-04-08T07:00:00+05:30"}},{"node":{"id":"hG2VC7QCXzo0","slug":"english/trade-setup-top-15-things-to-know-before-market-opens-on-april-8-2022","slugV2":"india/trade-setup-top-15-things-to-know-before-market-opens-on-april-8-2022-331612/","title":"Trade Setup: Top 15 things to know before market opens on April 8, 2022","postType":1,"coverMedia":"/opoyi_hQ4MV2MGy.jpg","coverCaption":"The broader indices ended in red with the BSE Midcap index falling 0.42%, while the Small cap index was down by 0.75%. (Photo Credit: Representational Image/Pixabay)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-04-08T06:45:00+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eSensex fell 575.46 points or 0.97% to 59,034.95 and Nifty was down by 168.10 points or 0.94% to 17,639.55\u003c/li\u003e\n \u003cli\u003eNifty or India VIX fell 0.13% to 19.00 on Thursday\u003c/li\u003e\n \u003cli\u003eThe trends on SGX Nifty indicate a flat opening for the index in India\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1649380315964,\\\"strCount\\\":13939,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Weak global cues and concern ahead of the Reserve Bank of India's monetary policy conclusion tomorrow kept investors on the sidelines on Thursday, with \u003ca href=\\\\\\\"https://opoyi.com/topics/indian/\\\\\\\"\u003eIndian\u003c/a\u003e market benchmarks languishing in the red throughout the day and ending roughly a per cent lower.\u0026nbsp;\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/sports/tiger-woods-pleased-with-performance-after-return-to-masters-tournament-388991/\\\\\\\"\u003eTiger Woods pleased with performance after return to Masters Tournament\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Investors stayed concerned, with a private report stating that the 10-year government bond yield has risen to about 7% ahead of the Reserve Bank of India's (RBI) monetary policy review on Friday, on fears that the central bank will hike the inflation forecast.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/sports/diego-maradonas-daughter-claims-wrong-hand-of-god-jersey-up-for-auction-128002/\\\\\\\"\u003eDiego Maradona's daughter claims wrong 'Hand of God' jersey up for auction\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Nifty50 has formed a reasonable negative candle on the daily chart with a minor upper shadow, though the positive sequence of higher tops and bottoms is in play, according to Nagaraj Shetti, Technical Research Analyst at HDFC Securities.\u0026nbsp;\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The short-term trend of the 50-scrip index remains negative, he said.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/world/appeals-court-upholds-joe-bidens-covid-19-vaccine-mandate-for-federal-workers-100105/\\\\\\\"\u003eAppeals court upholds Joe Biden's COVID-19 vaccine mandate for federal workers\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/topics/closingbell/\\\\\\\"\u003e\u003cb\u003eIndian Indices\u003c/b\u003e\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Sensex fell 575.46 points or 0.97% to 59,034.95 and Nifty was down by 168.10 points or 0.94% to 17,639.55 in the previous session. Sensex touched a high and low of 59,504.92 and 58,977.35, respectively. There were 12 stocks advancing against 18 stocks declining on the index. Nifty traded in a range of 17,787.50 and 17,623.70. There were 22 stocks advancing against 28 stocks declining on the index.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/entertainment/the-post-war-dream-pink-floyd-releases-new-song-after-28-years-for-ukraine-363942/\\\\\\\"\u003eThe post-war dream: Pink Floyd releases new song after 28 years for Ukraine\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eBroader Indices\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The broader indices ended in red with the BSE Midcap index falling 0.42%, while the Small cap index was down by 0.75%. The top gaining sectoral indices on the BSE were \u003ca href=\\\\\\\"https://opoyi.com/topics/healthcare/\\\\\\\"\u003eHealthcare\u003c/a\u003e up by 0.44%, Bankex up by 0.06%, Realty up by 0.03% and FMCG up by 0.02%, while Oil \u0026amp; Gas down by 2.59%, Energy down by 2.28%, Consumer Durables down by 1.98%, Utilities down by 1.54% and Power-down by 1.47% were the top losing indices on BSE.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/world/two-killed-in-tel-aviv-shooting-4th-such-incident-in-israel-in-a-month-497421/\\\\\\\"\u003eTwo killed in Tel Aviv shooting; 4th such incident in Israel in a month\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eIndia VIX Index\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Nifty or \u003ca href=\\\\\\\"https://opoyi.com/india/\\\\\\\"\u003eIndia\u003c/a\u003e VIX, a gauge of the market's expectation of volatility over the near term, fell 0.13% to 19.00 on Thursday.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eSGX Nifty\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The trends on SGX Nifty indicate a flat opening for the index in India with a 10-points gain. The Nifty futures were trading at\u0026nbsp;17,750.50 on the Singaporean Exchange around 06:35 hours IST.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/usa/reactions-to-judge-ketanji-brown-jacksons-supreme-court-confirmation-319843/\\\\\\\"\u003eReactions to Judge Ketanji Brown Jackson’s Supreme Court confirmation\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eSupport and Resistance levels\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The key support level for the Nifty is placed at 17,580, followed by 17,520. If the index moves up, the key resistance levels to watch out for are 17,743 and 17,847, according to pivot charts.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/topics/nasdaq/\\\\\\\"\u003e\u003cb\u003eUS Markets\u003c/b\u003e\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The S\u0026amp;P 500 rose 19.06 points, or 0.4%, to 4,500.21.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Dow Jones Industrial Average rose 87.06 points, or 0.3%, to 34,583.57.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Nasdaq rose 8.48 points, or 0.1%, to 13,897.30.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Russell 2000 index of smaller companies fell 7.14 points, or 0.4%, to 2,009.80.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/world/priceless-finland-seizes-art-worth-46-million-headed-to-russia-667002/\\\\\\\"\u003e'Priceless': Finland seizes art worth $46 million headed to Russia\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eAsian Markets\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Asian markets finished sharply lower yesterday with shares in \u003ca href=\\\\\\\"https://opoyi.com/topics/japan/\\\\\\\"\u003eJapan\u003c/a\u003e leading the region. The Nikkei 225 was down 1.69% while China's Shanghai Composite was off 1.42% and Hong Kong's Hang Seng was lower by 1.12%.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eEuropean Markets\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"European markets finished lower yesterday with shares in France leading the region. The CAC 40 was down 0.57% while Germany's DAX was off 0.52% and London's FTSE 100 was lower by 0.47%.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/usa/explained-russias-brutal-military-culture-435870/\\\\\\\"\u003eExplained: Russia’s brutal military culture\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eMajor News Headlines\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/india/rbi-mpc-meet-central-bank-expected-to-keep-key-rates-unchanged-418980/\\\\\\\"\u003e\u003cb\u003eRBI MPC meet: Central bank expected to keep key rates unchanged\u003c/b\u003e\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/topics/rbi/\\\\\\\"\u003eThe Reserve Bank of India's (RBI)\u003c/a\u003e \u003ca href=\\\\\\\"https://opoyi.com/topics/rbi/monetarypolicy\\\\\\\"\u003eMonetary Policy Committee (MPC)\u003c/a\u003e, which began its three-day meeting on Wednesday, is expected to keep key policy rates unchanged in the first bi-monthly policy review of the fiscal year. Following the surge in crude oil and commodity prices, analysts believe the MPC will alter its growth and inflation forecasts. The \u003ca href=\\\\\\\"https://opoyi.com/topics/rbi/\\\\\\\"\u003eRBI\u003c/a\u003e maintained the repo rate at 4% for the tenth time in a row at its previous policy meeting on February 10. The big question is whether the RBI's accommodating policy will shift. To combat excessive inflation, the \u003ca href=\\\\\\\"https://opoyi.com/india/how-the-us-federal-reserves-rate-hike-impacts-rbi-policy-explained-650139/\\\\\\\"\u003eUS Federal Reserve hiked interest rates\u003c/a\u003e last month. “We expect the RBI MPC to hold all rates on April 8 while retaining their accommodative stance. We then see the MPC turning neutral in June alongside raising the reverse repo rate by 40 bps, normalising the policy corridor. Thereafter, as favourable base effects fade and CPI inflation rises further, we see the RBI MPC delivering their first repo rate hike of 25 bps in August,” said a Bank of America Securities report. In the previous policy, the RBI anticipated real gross domestic product (GDP) growth of 7.8% for FY23. In February, retail inflation was 6.07%.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/world/nearly-90-of-bucha-victims-were-shot-not-random-casualties-of-war-mayor-says-464784/\\\\\\\"\u003eNearly 90% of Bucha victims were shot, not random casualties of war, mayor says\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eCBDC would not eliminate cryptos or stablecoins: Chief Economic Adviser Nageswaran\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The introduction of a Central Bank Digital Currency (CBDC) will not lead to the elimination of cryptocurrencies and stablecoins as they satisfy different objectives, Chief Economic Adviser V. Anantha Nageswaran said on April 7. \\\\\\\"Will CBDC effectively end even cryptos, let alone stablecoins? My answer is no to both of that because the underlying objective for cryptos to emerge is...basically, it's about tax evasion, money laundering, and speculation. And CBDC is clearly not a vehicle for evasion and speculation,\\\\\\\" he said. \\\\\\\"Therefore, in the presence of CBDCs, neither stablecoins nor cryptos would actually disappear because they satisfy different objectives. Therefore, they have to be tackled separately from other regulatory instruments. The advent of CBDC will not obviate the need for regulatory instruments as well,\\\\\\\" according to the adviser. Nageswaran was speaking at a webinar organised by the Indian Council for Research on International Economic Relations, 'Getting Central Bank Digital Currency (CBDC) Right for India: Lessons from \u003ca href=\\\\\\\"https://opoyi.com/topics/g20/\\\\\\\"\u003eG20\u003c/a\u003e and the Rest of the World'.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/world/experts-fear-end-of-us-covid-aid-beyond-borders-will-prolong-the-pandemic-533459/\\\\\\\"\u003eExperts fear end of overseas COVID aid from US may prolong pandemic\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eWhistleblower files complaint with \u003ca href=\\\\\\\"https://opoyi.com/topics/sebi/\\\\\\\"\u003eSEBI\u003c/a\u003e for alleged wrongdoings at Invesco MF\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Invesco Mutual Fund has been rocked by reports of whistleblower allegations of mismanagement in its fixed-income schemes during 2018-19, reported moneycontrol. The allegations pertain to wrongdoings by the fixed income team, according to moneycontrol. The whistleblower has filed complaints with the Securities and Exchange Board of India and the \u003ca href=\\\\\\\"https://opoyi.com/topics/us/\\\\\\\"\u003eUS\u003c/a\u003e Securities and Exchange Commission. The first allegation is that the former chief investment officer of Invesco MF’s fixed income schemes also acted as an advisor to its offshore portfolio management services focussed on Indian debt. As per Sebi guidelines, there should be a Chinese wall between portfolio management services and mutual funds, which means different personnel, different systems and different trade execution. The CIO was said to have been dismissed in 2019. The second allegation is centred on the execution of trades. It was alleged that Invesco India’s fixed income team executed trades on behalf of their offshore funds, in violation of regulations requiring the execution to be done by the offshore counterparts because their relationship was advisory in nature. The third allegation is that after the default by Infrastructure Leasing \u0026amp; Financial Services in 2018, the fixed income team of Invesco MF identified securities of other companies including Dewan Housing Finance Corporation Ltd. that were likely to come under stress and transferred them to the offshore funds. While the transfer itself was not illegal at the time, the matter of concern was that the clean-up was done at the cost of offshore clients.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/sports/uefa-europa-league-10-man-west-ham-hold-on-for-1-1-draw-against-lyon-127898/\\\\\\\"\u003eUEL: 10-man West Ham hold on for 1-1 draw against Lyon\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eRevenues in domestic pharmaceutical industry are expected to rise by 6-8% in FY2023: ICRA\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Revenues of leading domestic pharma companies are likely to grow by 6-8% in the current fiscal, rating firm ICRA said on Thursday. The revenues of homegrown drug firms are expected to moderate from a growth of 8-10% in 2021-22, it stated citing findings from the sample set of 21 companies. Growth in FY2023 is expected to be supported by the growth of 7-9% in the domestic market, 12-14% in the emerging markets and 7-9 % in the European business, ICRA said. Besides, growth in the US business is expected to remain muted, owing to the subdued pricing environment in the market in the near to mid-term, it added. Further, ICRA expects the research and development (R\u0026amp;D) expenses to stabilise at current levels of 6.5%-7.5% of revenues for its sample set as companies continue to focus on complex generics, first-to-file opportunities and speciality products, which entail higher R\u0026amp;D expenses. Stable investments in R\u0026amp;D to develop such products will support growth and margin improvement over the medium-term, it added.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/usa/jade-pinkett-smith-congratulates-judge-ketanji-brown-jackson-for-supreme-court-confirmation-169609/\\\\\\\"\u003eJada Pinkett Smith congratulates Judge Ketanji Brown Jackson for Supreme Court confirmation\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/topics/bulkdeal/\\\\\\\"\u003e\u003cb\u003eBulk Deal data\u003c/b\u003e\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"MANISH VERMA bought 1,10,240 shares in Agro Phos India Limited at Rs 30.40 per share on the NSE.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"MADHAV STOCK VISION P LTD ERROR bought 1,41,534 shares in AMD Industries Limited at Rs 60.26 per share on the \u003ca href=\\\\\\\"https://opoyi.com/topics/nse/\\\\\\\"\u003eNSE\u003c/a\u003e.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"INDIUM IV (MAURITIUS) HOLDINGS LIMITED sell 33,79,797 shares in Aster DM Healthcare Ltd. at Rs 192.59 per share on the NSE.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/world/un-aid-chief-not-optimistic-about-ceasefire-between-russia-and-ukraine-494940/\\\\\\\"\u003eUN aid chief 'not optimistic' about ceasefire between Russia and Ukraine\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"LOK PRAKASHAN LTD bought 1,06,886 shares in Gillanders Arbuthnot Ltd at Rs 85.12 per share on the NSE.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"IDBI TRUSTEESHIP SERVICES LTD sold 63,25,000 shares of GTL Limited at Rs 11.27 per share on NSE.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"ALACRITY SECURITIES LTD sold 53,890 shares in Nitiraj Engineers Ltd at Rs 77.17 per share on the NSE.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/walmart-hikes-pay-for-truckers-to-110000-annually-launches-new-programme-199042/\\\\\\\"\u003eWalmart hikes pay for truckers to $110,000 annually, launches new programme\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"INTEGRATED CORE STRATEGIES ASIA PTE LTD sold 34,30,700 shares in RBL Bank Limited at Rs 139.07 per share on the NSE.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"TRADE DEAL FINANCIAL SERVICES PRIVATE LIMITED sold 2,84,121 shares of Uma Exports Limited at Rs 79.80 per share on NSE.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"KAILASH KUMAR AGRAWAL bought 2,42,534 shares in Vaishali Pharma Limited at Rs 77.28 per share on the NSE.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/world/criminal-investigation-into-donald-trump-still-ongoing-says-manhattan-da-285829/\\\\\\\"\u003eCriminal investigation into Donald Trump still ongoing, says Manhattan DA\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/topics/fiianddii/\\\\\\\"\u003e\u003cb\u003eDII and FII data\u003c/b\u003e\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Foreign institutional investors (FIIs) sold shares worth a net Rs 5,009.62 crore, while domestic institutional investors (DIIs) bought shares worth a net Rs 1,774.70 crore in the Indian equity market on April 7, as per provisional data available on the NSE.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/health/what-us-house-speaker-nancy-pelosis-planned-visit-to-taiwan-means-for-china-340815/\\\\\\\"\u003eWhat US House Speaker Nancy Pelosi's planned visit to Taiwan means for China\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/topics/foban/\\\\\\\"\u003e\u003cb\u003eNSE F\u0026amp;O Ban\u003c/b\u003e\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"No security or stock has been put under the F\u0026amp;O ban for April 8. Securities in the ban period under the F\u0026amp;O segment include companies in which the security has crossed 95% of the market-wide position limit.\\\"}}]}","relatedPosts":null,"location":null,"createdBy":{"name":"Yash Sadhak Shrivastava","photo":"https://opoyi.com/images/opoyi_YTc6hxpHI.jpg?tr=w-600,q-70,dpr","username":"yashsadhak","id":"hVr8BLevnFNI","role":null},"topics":[{"name":"TradeSetup","slug":"tradesetup","id":"odcbbjEYtYHE","isSection":0},{"name":"StockMarket","slug":"stockmarket","id":"vHCI0WQLTd1o","isSection":0},{"name":"Sensex","slug":"sensex","id":"MhfKMlGWFTBF","isSection":0},{"name":"Nifty","slug":"nifty","id":"2JvkXElbbqnQ","isSection":0},{"name":"ShareMarket","slug":"sharemarket","id":"PkCsd9oT2rCN","isSection":0},{"name":"India","slug":"india","id":"Bq4MmUPrXF8p","isSection":1},{"name":"indian","slug":"indian","id":"YTJpdaKq5t2z","isSection":0},{"name":"G20","slug":"g20","id":"8EnQgztBjBYd","isSection":0},{"name":"SEBI","slug":"sebi","id":"3nLmnZjR2Qlg","isSection":0},{"name":"China","slug":"china","id":"gtTvlJMpH5eQ","isSection":0},{"name":"London","slug":"london","id":"PFIK5nEYHzYU","isSection":0},{"name":"US","slug":"us","id":"0JelBm6rMusZ","isSection":0},{"name":"HealthCare","slug":"healthcare","id":"OHM8LeWpwll6","isSection":0},{"name":"Japan","slug":"japan","id":"anJhzDRc6xxB","isSection":0},{"name":"France","slug":"france","id":"aF0AipAbPtoh","isSection":0},{"name":"RBI","slug":"rbi","id":"mmhRjdCmZCj0","isSection":0},{"name":"Chinese","slug":"chinese","id":"c3EhcN4BZ1H9","isSection":0},{"name":"BulkDeal","slug":"bulkdeal","id":"hhAiScHAHTyh","isSection":0},{"name":"Mauritius","slug":"mauritius","id":"h2apZl1Jy9vX","isSection":0}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Yash Sadhak Shrivastava","id":"hVr8BLevnFNI","username":"yashsadhak","role":2,"userType":0}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-04-08T06:45:00+05:30","publisher":6,"sourceFeed":null,"cleanText":"Weak global cues and concern ahead of the Reserve Bank of India's monetary policy conclusion tomorrow kept investors on the sidelines on Thursday, with Indian market benchmarks languishing in the red throughout the day and ending roughly a per cent lower. ,Also Read| Tiger Woods pleased with performance after return to Masters Tournament,Investors stayed concerned, with a private report stating that the 10-year government bond yield has risen to about 7% ahead of the Reserve Bank of India's (RBI) monetary policy review on Friday, on fears that the central bank will hike the inflation forecast. Also Read| Diego Maradona's daughter claims wrong 'Hand of God' jersey up for auction,The Nifty50 has formed a reasonable negative candle on the daily chart with a minor upper shadow, though the positive sequence of higher tops and bottoms is in play, according to Nagaraj Shetti, Technical Research Analyst at HDFC Securities. ,The short-term trend of the 50-scrip index remains negative, he said. Also Read| Appeals court upholds Joe Biden's COVID-19 vaccine mandate for federal workers,Indian Indices,Sensex fell 575.46 points or 0.97% to 59,034.95 and Nifty was down by 168.10 points or 0.94% to 17,639.55 in the previous session. Sensex touched a high and low of 59,504.92 and 58,977.35, respectively. There were 12 stocks advancing against 18 stocks declining on the index. Nifty traded in a range of 17,787.50 and 17,623.70. There were 22 stocks advancing against 28 stocks declining on the index. Also Read| The post-war dream: Pink Floyd releases new song after 28 years for Ukraine,Broader Indices,The broader indices ended in red with the BSE Midcap index falling 0.42%, while the Small cap index was down by 0.75%. The top gaining sectoral indices on the BSE were Healthcare up by 0.44%, Bankex up by 0.06%, Realty up by 0.03% and FMCG up by 0.02%, while Oil \u0026 Gas down by 2.59%, Energy down by 2.28%, Consumer Durables down by 1.98%, Utilities down by 1.54% and Power-down by 1.47% were the top losing indices on BSE. Also Read| Two killed in Tel Aviv shooting; 4th such incident in Israel in a month,India VIX Index,Nifty or India VIX, a gauge of the market's expectation of volatility over the near term, fell 0.13% to 19.00 on Thursday. SGX Nifty,The trends on SGX Nifty indicate a flat opening for the index in India with a 10-points gain. The Nifty futures were trading at 17,750.50 on the Singaporean Exchange around 06:35 hours IST. Also Read| Reactions to Judge Ketanji Brown Jackson’s Supreme Court confirmation,Support and Resistance levels,The key support level for the Nifty is placed at 17,580, followed by 17,520. If the index moves up, the key resistance levels to watch out for are 17,743 and 17,847, according to pivot charts. US Markets,The S\u0026P 500 rose 19.06 points, or 0.4%, to 4,500.21. The Dow Jones Industrial Average rose 87.06 points, or 0.3%, to 34,583.57. The Nasdaq rose 8.48 points, or 0.1%, to 13,897.30. The Russell 2000 index of smaller companies fell 7.14 points, or 0.4%, to 2,009.80. Also Read| 'Priceless': Finland seizes art worth $46 million headed to Russia,Asian Markets,Asian markets finished sharply lower yesterday with shares in Japan leading the region. The Nikkei 225 was down 1.69% while China's Shanghai Composite was off 1.42% and Hong Kong's Hang Seng was lower by 1.12%. European Markets,European markets finished lower yesterday with shares in France leading the region. The CAC 40 was down 0.57% while Germany's DAX was off 0.52% and London's FTSE 100 was lower by 0.47%. Also Read| Explained: Russia’s brutal military culture,Major News Headlines,RBI MPC meet: Central bank expected to keep key rates unchanged,The Reserve Bank of India's (RBI) Monetary Policy Committee (MPC), which began its three-day meeting on Wednesday, is expected to keep key policy rates unchanged in the first bi-monthly policy review of the fiscal year. Following the surge in crude oil and commodity prices, analysts believe the MPC will alter its growth and inflation forecasts. The RBI maintained the repo rate at 4% for the tenth time in a row at its previous policy meeting on February 10. The big question is whether the RBI's accommodating policy will shift. To combat excessive inflation, the US Federal Reserve hiked interest rates last month. “We expect the RBI MPC to hold all rates on April 8 while retaining their accommodative stance. We then see the MPC turning neutral in June alongside raising the reverse repo rate by 40 bps, normalising the policy corridor. Thereafter, as favourable base effects fade and CPI inflation rises further, we see the RBI MPC delivering their first repo rate hike of 25 bps in August,” said a Bank of America Securities report. In the previous policy, the RBI anticipated real gross domestic product (GDP) growth of 7.8% for FY23. In February, retail inflation was 6.07%. Also Read| Nearly 90% of Bucha victims were shot, not random casualties of war, mayor says,CBDC would not eliminate cryptos or stablecoins: Chief Economic Adviser Nageswaran,The introduction of a Central Bank Digital Currency (CBDC) will not lead to the elimination of cryptocurrencies and stablecoins as they satisfy different objectives, Chief Economic Adviser V. Anantha Nageswaran said on April 7. Will CBDC effectively end even cryptos, let alone stablecoins? My answer is no to both of that because the underlying objective for cryptos to emerge is...basically, it's about tax evasion, money laundering, and speculation. And CBDC is clearly not a vehicle for evasion and speculation, he said. Therefore, in the presence of CBDCs, neither stablecoins nor cryptos would actually disappear because they satisfy different objectives. Therefore, they have to be tackled separately from other regulatory instruments. The advent of CBDC will not obviate the need for regulatory instruments as well, according to the adviser. Nageswaran was speaking at a webinar organised by the Indian Council for Research on International Economic Relations, 'Getting Central Bank Digital Currency (CBDC) Right for India: Lessons from G20 and the Rest of the World'. Also Read| Experts fear end of overseas COVID aid from US may prolong pandemic,Whistleblower files complaint with SEBI for alleged wrongdoings at Invesco MF,Invesco Mutual Fund has been rocked by reports of whistleblower allegations of mismanagement in its fixed-income schemes during 2018-19, reported moneycontrol. The allegations pertain to wrongdoings by the fixed income team, according to moneycontrol. The whistleblower has filed complaints with the Securities and Exchange Board of India and the US Securities and Exchange Commission. The first allegation is that the former chief investment officer of Invesco MF’s fixed income schemes also acted as an advisor to its offshore portfolio management services focussed on Indian debt. As per Sebi guidelines, there should be a Chinese wall between portfolio management services and mutual funds, which means different personnel, different systems and different trade execution. The CIO was said to have been dismissed in 2019. The second allegation is centred on the execution of trades. It was alleged that Invesco India’s fixed income team executed trades on behalf of their offshore funds, in violation of regulations requiring the execution to be done by the offshore counterparts because their relationship was advisory in nature. The third allegation is that after the default by Infrastructure Leasing \u0026 Financial Services in 2018, the fixed income team of Invesco MF identified securities of other companies including Dewan Housing Finance Corporation Ltd. that were likely to come under stress and transferred them to the offshore funds. While the transfer itself was not illegal at the time, the matter of concern was that the clean-up was done at the cost of offshore clients. Also Read| UEL: 10-man West Ham hold on for 1-1 draw against Lyon,Revenues in domestic pharmaceutical industry are expected to rise by 6-8% in FY2023: ICRA,Revenues of leading domestic pharma companies are likely to grow by 6-8% in the current fiscal, rating firm ICRA said on Thursday. The revenues of homegrown drug firms are expected to moderate from a growth of 8-10% in 2021-22, it stated citing findings from the sample set of 21 companies. Growth in FY2023 is expected to be supported by the growth of 7-9% in the domestic market, 12-14% in the emerging markets and 7-9 % in the European business, ICRA said. Besides, growth in the US business is expected to remain muted, owing to the subdued pricing environment in the market in the near to mid-term, it added. Further, ICRA expects the research and development (R\u0026D) expenses to stabilise at current levels of 6.5%-7.5% of revenues for its sample set as companies continue to focus on complex generics, first-to-file opportunities and speciality products, which entail higher R\u0026D expenses. Stable investments in R\u0026D to develop such products will support growth and margin improvement over the medium-term, it added. Also Read| Jada Pinkett Smith congratulates Judge Ketanji Brown Jackson for Supreme Court confirmation,Bulk Deal data,MANISH VERMA bought 1,10,240 shares in Agro Phos India Limited at Rs 30.40 per share on the NSE. MADHAV STOCK VISION P LTD ERROR bought 1,41,534 shares in AMD Industries Limited at Rs 60.26 per share on the NSE. INDIUM IV (MAURITIUS) HOLDINGS LIMITED sell 33,79,797 shares in Aster DM Healthcare Ltd. at Rs 192.59 per share on the NSE. Also Read| UN aid chief 'not optimistic' about ceasefire between Russia and Ukraine,LOK PRAKASHAN LTD bought 1,06,886 shares in Gillanders Arbuthnot Ltd at Rs 85.12 per share on the NSE. IDBI TRUSTEESHIP SERVICES LTD sold 63,25,000 shares of GTL Limited at Rs 11.27 per share on NSE. ALACRITY SECURITIES LTD sold 53,890 shares in Nitiraj Engineers Ltd at Rs 77.17 per share on the NSE. Also Read| Walmart hikes pay for truckers to $110,000 annually, launches new programme,INTEGRATED CORE STRATEGIES ASIA PTE LTD sold 34,30,700 shares in RBL Bank Limited at Rs 139.07 per share on the NSE. TRADE DEAL FINANCIAL SERVICES PRIVATE LIMITED sold 2,84,121 shares of Uma Exports Limited at Rs 79.80 per share on NSE. KAILASH KUMAR AGRAWAL bought 2,42,534 shares in Vaishali Pharma Limited at Rs 77.28 per share on the NSE. Also Read| Criminal investigation into Donald Trump still ongoing, says Manhattan DA,DII and FII data,Foreign institutional investors (FIIs) sold shares worth a net Rs 5,009.62 crore, while domestic institutional investors (DIIs) bought shares worth a net Rs 1,774.70 crore in the Indian equity market on April 7, as per provisional data available on the NSE. Also Read| What US House Speaker Nancy Pelosi's planned visit to Taiwan means for China,NSE F\u0026O Ban,No security or stock has been put under the F\u0026O ban for April 8. Securities in the ban period under the F\u0026O segment include companies in which the security has crossed 95% of the market-wide position limit.","portalUser":{"id":"MK3GmgLG7wo1","name":"Opoyi Business","username":"OpoyiBusiness","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_D6026Kum9dg.jpg","role":2,"userType":1},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":null,"keywords":"NSE,Indian,CBDC,ICRA,the Reserve Bank of India,India,European,MPC,Invesco MF,Nagaraj Shetti, Technical Research Analyst,HDFC Securities,Indian Indices Sensex,Healthcare,Bankex,Utilities,Trade setup, stock market news, stock news, share market news, sensex","originalPublishedOn":"2022-04-08T06:45:00+05:30"}},{"node":{"id":"O0fKaj0GxzJu","slug":"english/bandhan-group-led-consortium-to-acquire-idfc-mf-for-rs-4500-crore","slugV2":"business/bandhan-group-led-consortium-to-acquire-idfc-mf-for-rs-4500-crore-455632/","title":"Bandhan Group-led consortium to acquire IDFC MF for Rs 4,500 crore","postType":1,"coverMedia":"/opoyi_bI_PjQn3J.jpg","coverCaption":"Bandhan Financial Holding is the holding company private sector lender Bandhan Bank (Photo Credit: Representational/Pixabay)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-04-06T23:37:25+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eBandhan-led consortium has entered into a definitive agreement to acquire IDFC AMC\u003c/li\u003e\n \u003cli\u003eThe consortium also includes ChrysCapital and Singapore’s sovereign fund GIC\u003c/li\u003e\n \u003cli\u003eBandhan Bank itself offers products from about 8-10 mutual funds\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1649268443711,\\\"strCount\\\":3185,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Bandhan Financial Holding-led consortium has entered into a definitive agreement to acquire IDFC Asset Management Company and IDFC AMC Trustee Company for a consideration of Rs 4,500 crore, subject to receipt of necessary regulatory approvals and customary closing conditions.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/india/rbi-to-delay-first-repo-rate-hike-for-at-least-four-months-report-326385/\\\\\\\"\u003eRBI to delay first repo rate hike for at least four months: Report\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The consortium by the holding company also includes private equity firm ChrysCapital and Singapore’s sovereign fund GIC. In the consortium, Bandhan Financial Holding owns 60% of the equity and the other two partners each own 20%.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Bandhan Financial Holding is the holding company of the Kolkata-based private sector lender Bandhan Bank. The deal will enable the Bandhan Group to enter India’s growing mutual fund business, which currently manages assets worth Rs 38 trillion.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/invesco-to-sell-78-stake-in-zee-entertainment-via-a-block-deal-278375/\\\\\\\"\u003eInvesco to sell 7.8% stake in Zee Entertainment via a block deal\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Bandhan Bank itself offers products from about 8-10 mutual funds. However, it did not clarify how it will market the products of IDFC MF once it acquires after regulatory approval from \u003ca href=\\\\\\\"https://opoyi.com/topics/sebi/\\\\\\\"\u003eSEBI\u003c/a\u003e and \u003ca href=\\\\\\\"https://opoyi.com/topics/rbi/\\\\\\\"\u003eRBI\u003c/a\u003e.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Bandhan consortium was selected through a highly competitive divestment process that saw the participation of strategic players and financial investors. This is a highly tracked acquisition and will be the largest deal in the Indian asset management industry to date, said IDFC said in a statement.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/bsnl-plans-to-install-over-1-lakh-towers-to-provide-4g-across-india-336239/\\\\\\\"\u003eBSNL plans to install over 1 lakh towers to provide 4G across India\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Anil Singhvi, Chairman of IDFC Limited said, “This transaction is a significant milestone in our plan of unlocking value and the consideration demonstrates the strong position of IDFC AMC in the Indian Mutual Fund space. We have achieved the signing within six months of the Board’s decision to divest, which further demonstrates IDFC Board’s commitment to consummate the merger of IDFC Limited and IDFC Financial Holding Company with IDFC First Bank.”\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/food/food-delivery-apps-zomato-swiggy-face-outage-due-to-technical-glitch-574246/\\\\\\\"\u003eFood delivery apps Zomato, Swiggy face outage due to ‘technical glitch'\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Notably, Citigroup Global Markets Private Limited acted as the exclusive financial advisor. Cyril Amarchand Mangaldas is the legal advisor to IDFC Limited. \\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"IDFC announced the sale of its mutual fund business after the company faced shareholders’ outrage on delay in disinvestments and mergers.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/world/sri-lankan-president-gotabaya-rajapaksa-refuses-to-resign-as-crisis-escalates-475525/\\\\\\\"\u003eSri Lankan President Rajapaksa refuses to resign as crisis escalates\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"In the previous financial year, the fund house reported a profit after tax of Rs 144 crore as compared to Rs 49.4 crore in FY20.\\\"}}]}","relatedPosts":null,"location":null,"createdBy":{"name":"Devanshu Singla","photo":"","username":"devanshusingla","id":"aJeiSJdpGmAb","role":null},"topics":[{"name":"MutualFunds","slug":"mutualfunds","id":"8UXTB9UhpJmn","isSection":0},{"name":"Banking","slug":"banking","id":"LjkF3MF2IZGY","isSection":0},{"name":"Business","slug":"business","id":"1hd39Bl2AdAV","isSection":1},{"name":"India","slug":"india","id":"Bq4MmUPrXF8p","isSection":1},{"name":"SEBI","slug":"sebi","id":"3nLmnZjR2Qlg","isSection":0},{"name":"RBI","slug":"rbi","id":"mmhRjdCmZCj0","isSection":0},{"name":"Markets","slug":"markets","id":"dTaX87T5pmKe","isSection":0},{"name":"Finance","slug":"finance","id":"vdfCkTLQAVNK","isSection":0},{"name":"IndiaNews","slug":"indianews","id":"hmzqkpDB7jEj","isSection":0}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Devanshu Singla","id":"aJeiSJdpGmAb","username":"devanshusingla","role":2,"userType":0}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-04-06T23:37:23+05:30","publisher":6,"sourceFeed":null,"cleanText":"Bandhan Financial Holding-led consortium has entered into a definitive agreement to acquire IDFC Asset Management Company and IDFC AMC Trustee Company for a consideration of Rs 4,500 crore, subject to receipt of necessary regulatory approvals and customary closing conditions. Also Read | RBI to delay first repo rate hike for at least four months: Report,The consortium by the holding company also includes private equity firm ChrysCapital and Singapore’s sovereign fund GIC. In the consortium, Bandhan Financial Holding owns 60% of the equity and the other two partners each own 20%. Bandhan Financial Holding is the holding company of the Kolkata-based private sector lender Bandhan Bank. The deal will enable the Bandhan Group to enter India’s growing mutual fund business, which currently manages assets worth Rs 38 trillion. Also Read | Invesco to sell 7.8% stake in Zee Entertainment via a block deal,Bandhan Bank itself offers products from about 8-10 mutual funds. However, it did not clarify how it will market the products of IDFC MF once it acquires after regulatory approval from SEBI and RBI. The Bandhan consortium was selected through a highly competitive divestment process that saw the participation of strategic players and financial investors. This is a highly tracked acquisition and will be the largest deal in the Indian asset management industry to date, said IDFC said in a statement. Also Read | BSNL plans to install over 1 lakh towers to provide 4G across India,Anil Singhvi, Chairman of IDFC Limited said, “This transaction is a significant milestone in our plan of unlocking value and the consideration demonstrates the strong position of IDFC AMC in the Indian Mutual Fund space. We have achieved the signing within six months of the Board’s decision to divest, which further demonstrates IDFC Board’s commitment to consummate the merger of IDFC Limited and IDFC Financial Holding Company with IDFC First Bank.”,Also Read | Food delivery apps Zomato, Swiggy face outage due to ‘technical glitch',Notably, Citigroup Global Markets Private Limited acted as the exclusive financial advisor. Cyril Amarchand Mangaldas is the legal advisor to IDFC Limited. ,IDFC announced the sale of its mutual fund business after the company faced shareholders’ outrage on delay in disinvestments and mergers. Also Read | Sri Lankan President Rajapaksa refuses to resign as crisis escalates,In the previous financial year, the fund house reported a profit after tax of Rs 144 crore as compared to Rs 49.4 crore in FY20.","portalUser":{"id":"MK3GmgLG7wo1","name":"Opoyi Business","username":"OpoyiBusiness","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_D6026Kum9dg.jpg","role":2,"userType":1},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":null,"keywords":"Bandhan Financial Holding,Bandhan Bank,IDFC Limited,ChrysCapital,the Bandhan Group,India,IDFC MF,SEBI,RBI,Bandhan,IDFC,Anil Singhvi,IDFC AMC,Bandhan IDFC deal, IDFC Bandhan deal, Business News","originalPublishedOn":"2022-04-06T23:37:23+05:30"}},{"node":{"id":"xJl2Y3Xjjafz","slug":"english/trade-setup-top-15-things-to-know-before-market-opens-on-april-5-2022","slugV2":"india/trade-setup-top-15-things-to-know-before-market-opens-on-april-5-2022-632386/","title":"Trade Setup: Top 15 things to know before market opens on April 5, 2022","postType":1,"coverMedia":"/opoyi_hQ4MV2MGy.jpg","coverCaption":"The broader indices ended in green with the BSE Midcap index rising 1.27%, while the Small cap index was up by 1.68%. (Photo Credit: Representational Image/Pixabay)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-04-05T06:45:00+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eSensex rose 1335.05 points or 2.25% to 60,611.74 and Nifty was up by 382.95 points or 2.17% to 18,053.40\u003c/li\u003e\n \u003cli\u003eFIIs bought shares worth a net Rs 1,152.21 crore while DIIs purchased shares worth a net Rs 1,675.01 crore\u003c/li\u003e\n \u003cli\u003eThe trends on SGX Nifty indicate a flat opening for the index in India\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1649121249639,\\\"strCount\\\":14235,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Indian equity benchmarks extended their winning run to a second consecutive day on Monday, surging over 2% in the session and closing above the crucial 18,050 (Nifty) and 60,600 (Sensex) levels. The key benchmarks began the day on a positive note, bolstered by heavy purchasing in the banking and financial sectors following the announcement of the merger between HDFC and HDFC Bank.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/usa/us-uk-plan-to-impose-more-sanctions-against-russia-over-war-in-ukraine-517585/\\\\\\\"\u003eUS, UK plan to impose more sanctions against Russia over war in Ukraine\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Nifty50 has confirmed the breakout of a bullish engulfing pattern and moved above its prior swing highs, according to Sachin Gupta, AVP-Research at Choice Broking.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\\\\\\\"The index has sustained above its 50-day exponential moving average and showed a positive crossover in MACD and Stochastic (momentum indicators), suggesting a bullish move in the near term,\\\\\\\" he said.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/topics/closingbell/\\\\\\\"\u003e\u003cb\u003eIndian Indices\u003c/b\u003e\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Sensex rose 1335.05 points or 2.25% to 60,611.74 and Nifty was up by 382.95 points or 2.17% to 18,053.40 in the previous session. Sensex touched a high and low of 60,845.10 and 59,760.22, respectively. There were 28 stocks advancing against 2 stocks declining on the index. Nifty traded in a range of 18,114.65 and 17,791.40. There were 46 stocks advancing against 4 stocks declining on the index.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/world/will-russia-use-nuclear-weapons-in-war-with-ukraine-explained-296276/\\\\\\\"\u003eWill Russia use nuclear weapons in war with Ukraine: Explained\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eBroader Indices\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The broader indices ended in green with the BSE Midcap index rising 1.27%, while the Small cap index was up by 1.68%. The top gaining sectoral indices on the BSE were Finance up by 4.25%, Bankex up by 3.45%, Power up by 3.00%, Utilities up by 2.93% and Metal up by 2.04%, while there were no losing sectoral indices on the BSE.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eSupport and Resistance levels\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The key support level for the Nifty is placed at 17,858, followed by 17,663. If the index moves up, the key resistance levels to watch out for are 18,182 and 18,310, according to pivot charts.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/usa/with-senate-in-deadlock-ketanji-brown-jacksons-scotus-confirmation-delayed-296606/\\\\\\\"\u003eWith Senate in deadlock, Ketanji Brown Jackson's SCOTUS confirmation delayed\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eSGX Nifty\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The trends on SGX Nifty indicate a flat opening for the index in \u003ca href=\\\\\\\"https://opoyi.com/india/\\\\\\\"\u003eIndia\u003c/a\u003e with a 3-points loss. The Nifty futures were trading at 18,195.00 on the Singaporean Exchange around 06:45 hours IST.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eAsian Markets\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Asian markets finished broadly higher yesterday with shares in Hong Kong leading the region. The Hang Seng was up 2.10% while China's Shanghai Composite was up 0.91% and Japan's Nikkei 225 is up 0.25%.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/usa/bucha-killings-tip-of-the-iceberg-of-russian-atrocities-says-ukraine-foreign-minister-603378/\\\\\\\"\u003eBucha killings 'tip of the iceberg' of Russian atrocities, says Ukraine foreign minister\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/topics/nasdaq/\\\\\\\"\u003e\u003cb\u003eUS Markets\u003c/b\u003e\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The S\u0026amp;P 500 rose 36.78 points, or 0.8%, to 4,582.64.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Dow Jones Industrial Average rose 103.61 points, or 0.3%, to 34,921.88.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Nasdaq rose 271.05 points, or 1.9%, to 14,532.55.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Russell 2000 index of smaller companies rose 4.33 points, or 0.2%, to 2,095.44.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eEuropean Markets\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"European markets finished higher yesterday with shares in \u003ca href=\\\\\\\"https://opoyi.com/topics/france/\\\\\\\"\u003eFrance\u003c/a\u003e leading the region. The CAC 40 was up 0.70% while Germany's DAX was up 0.50% and London's FTSE 100 was up 0.28%.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/world/ukraines-zelensky-warns-other-liberated-cities-may-have-higher-casualties-than-bucha-399004/\\\\\\\"\u003eUkraine's Zelensky warns other liberated cities may have higher casualties than Bucha\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/business/hdfc-to-merge-with-hdfc-bank-shares-soar-10-362221/\\\\\\\"\u003e\u003cb\u003eHDFC Ltd to merge with HDFC Bank\u003c/b\u003e\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/topics/hdfcbank/\\\\\\\"\u003eHDFC\u003c/a\u003e announced a merger with HDFC Bank today, with a share merger ratio of 42 shares of HDFC Bank to 25 shares of HDFC. HDFC Bank will be able to expand its home loan portfolio and expand its existing customer base as a result of the proposed deal. Following the proposed merger, HDFC will hold a 41% stake in the merged entity. The merger is subject to clearance from the \u003ca href=\\\\\\\"https://opoyi.com/topics/rbi/\\\\\\\"\u003eRBI\u003c/a\u003e and other regulatory bodies. HDFC has overall assets of Rs 6.23 lakh crore as of today, whereas HDFC Bank has assets worth Rs 19.38 lakh crore. As per an exchange filing, the proposed transaction will help leverage and create meaningful value for various stakeholders. It is also expected to benefit from increased scale, comprehensive product offering, balance sheet resiliency and the ability to drive synergies across revenue opportunities, operating efficiencies and underwriting efficiencies.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/usa/tijuana-officials-open-sports-complex-for-ukraine-refugees-at-us-mexico-border-376065/\\\\\\\"\u003eTijuana officials open sports complex for Ukraine refugees at US-Mexico border\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/business/sbi-cards-block-deal-carlyle-to-sell-entire-stake-in-firm-for-rs-2558-crore-106758/\\\\\\\"\u003e\u003cb\u003eSBI cards block deal: Carlyle to sell entire stake in firm for Rs 2,558 crore\u003c/b\u003e\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Carlyle Group, a private equity company, will sell its entire stake in \u003ca href=\\\\\\\"https://opoyi.com/business/sbi-shares-surge-after-tie-up-for-affordable-housing-loans-111655/\\\\\\\"\u003eSBI\u003c/a\u003e Cards \u0026amp; Payments Services Ltd in a block deal for up to Rs 2,558 crore, reported Moneycontrol. CA Rover Holdings, a Carlyle subsidiary that had 29.20 million shares or a 3.09% holding in SBI Cards as of the December 2021 quarter, would sell its entire stake in the company through the block deal. According to Bloomberg, the shares are being offered between Rs 851.50 and Rs 876.75 a share, reflecting a nearly 3% discount on the current market price. Citigroup is acting as the deal's sole book-running manager.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/world/mariupol-mayor-expresses-grave-concerns-as-russia-blocks-humanitarian-cargoes-440733/\\\\\\\"\u003eMariupol mayor expresses grave concerns as Russia blocks humanitarian cargoes\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/business/cci-orders-probe-of-zomato-swiggy-conduct-for-alleged-unfair-business-practices-152879/\\\\\\\"\u003e\u003cb\u003eCCI orders probe of Zomato, Swiggy conduct for alleged unfair business practices\u003c/b\u003e\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"India’s antitrust body Competition Commission of India (CCI) on April 4 has ordered a probe into the conduct of online food delivery platforms \u003ca href=\\\\\\\"https://opoyi.com/business/zomato-founder-deepinder-goyal-explains-10-minute-food-delivery-service-after-backlash-229946/\\\\\\\"\u003eZomato\u003c/a\u003e and \u003ca href=\\\\\\\"https://opoyi.com/business/tvs-motors-partners-with-swiggy-for-commercial-ev-segment-343431/\\\\\\\"\u003eSwiggy\u003c/a\u003e. CCI said the conduct of food aggregators Swiggy and Zomato, which are facing allegations such as delayed payments cycle, imposition of one-sided clauses and exorbitant commission, requires an investigation. The trade regulator has asked the deputy general to conduct a detailed inquiry into the accusations and submit a report within 60 days. \\\\\\\"There exists a prima facie case concerning the conduct of Zomato and Swiggy, which requires an investigation by the Director-General to determine whether their conduct resulted in contravention of the provisions in Section 3(1) of the Competition Act read with Section 3(4). The DG is, thus, directed to carry out a detailed investigation and submit a report within 60 days,\\\\\\\" the CCI said.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/sports/premier-league-in-form-crystal-palace-routs-arsenal-3-541653/\\\\\\\"\u003ePremier League: In-form Crystal Palace routs Arsenal 3-0\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/business/paytm-payments-bank-yet-to-act-on-rbis-order-mos-finance-tells-lok-sabha-569569/\\\\\\\"\u003e\u003cb\u003ePaytm Payments Bank yet to act on RBI's order, MoS Finance tells Lok Sabha\u003c/b\u003e\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/business/rbi-directs-paytm-payments-bank-to-stop-accepting-new-users-332827/\\\\\\\"\u003ePaytm Payment Bank\u003c/a\u003e is yet to appoint a firm to conduct an audit of its information technology (IT) systems, minister of state for finance Bhagwat Karad told the Parliament. \\\\\\\"The RBI (Reserve Bank of India) has further informed that the Paytm Payments Bank Limited has not yet appointed the IT audit firm to conduct a comprehensive System Audit of the IT system of the bank,\\\\\\\" Karad said in a written reply to a question on April 4. On March 11, the RBI barred SoftBank-backed Paytm Payments Bank Limited (PPBL) from onboarding new customers and directed it to appoint a firm to conduct an audit of its IT system. Paytm Payments Bank will require specific permission from the RBI to restart accepting new customers after a review of the audit. Soon after RBI’s action, Paytm Payments Bank had said in an exchange filing that it was taking immediate steps to comply with the directions. It also stated that existing customers will not be affected and they can continue using PPBL banking and payment services.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/world/gop-led-states-sue-biden-administration-over-lifting-trump-era-pandemic-restrictions-on-immigration-675866/\\\\\\\"\u003eGOP-led states sue Biden administration over lifting Trump-era pandemic restrictions on immigration\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/business/sebi-forms-panel-to-improve-governance-of-market-infra-institutions-190767/\\\\\\\"\u003e\u003cb\u003eSEBI forms panel to improve governance of market infra institutions\u003c/b\u003e\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Market regulator Securities Exchange Board of India (SEBI) on April 4 constituted an ad-hoc committee for reviewing and suggesting measures for further strengthening governance norms at the stock exchange and other market infrastructure institutions (MIIs). This comes after the alleged corporate governance lapses at \u003ca href=\\\\\\\"https://opoyi.com/topics/nse/\\\\\\\"\u003eNSE\u003c/a\u003e, with several issues coming to the front following a \u003ca href=\\\\\\\"https://opoyi.com/topics/sebi/\\\\\\\"\u003eSEBI\u003c/a\u003e order that disclosed the existence of a ‘Himalayan Yogi’ who influenced the decisions of the exchange’s former MD and CEO Chitra Ramakrishna. The six-member panel will be headed by G Mahalingam, a former whole-time member of SEBI, according to the statement. Other members of the committee are J N Gupta, MD of Stakeholders Empowerment Services; Aarti Nihalani, \u003ca href=\\\\\\\"https://opoyi.com/topics/partner/\\\\\\\"\u003ePartner\u003c/a\u003e, Oliver Wyman; Sandip Bhagat, Partner, S\u0026amp;R Associates and Uttam Bagri, Former Chairman, BSE Brokers Forum. The managing directors and chief executive officers of NSE, BSE, NSDL and CDSL have also been included in the panel, SEBI said.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/sports/champions-league-benfica-liverpool-manchester-city-atletico-madrid-to-face-off-209335/\\\\\\\"\u003eChampions League: Benfica-Liverpool, Manchester City-Atlético Madrid to face off\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/topics/bulkdeal/\\\\\\\"\u003e\u003cb\u003eBulk Deal data\u003c/b\u003e\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"KAUSHIK MAHESH WAGHELA bought 48,000 shares in Atal Realtech Limited at Rs 124.00 per share on the NSE.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"LOK PRAKASHAN LTD bought 1,21,572 shares in Cords Cable Industries Limited at Rs 60.62 per share on the NSE.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"NUPUR ANIL SHAH bought 51,502 shares in Dangee Dums Limited at Rs 309.99 per share on the \u003ca href=\\\\\\\"https://opoyi.com/topics/nse/\\\\\\\"\u003eNSE\u003c/a\u003e.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"LT FINANCE LIMITED sold 13,56,057 shares in Diamond Power Infra Ltd at Rs 1.55 per share on the NSE.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/usa/us-lawmakers-urge-biden-to-increase-weapons-sent-to-ukraine-in-fight-against-russia-reports-601748/\\\\\\\"\u003eUS lawmakers urge Biden to increase weapons sent to Ukraine in fight against Russia: Reports\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"MANSI SHARES \u0026amp; STOCK ADVISORS PVT LTD bought 35,00,000 shares in GMR Pow and Urban Infra Limited at Rs 30.40 per share on the NSE.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"SANJAY POPATLAL JAIN bought 96,000 shares of Goldstar Power Limited at Rs 24.25 per share on NSE.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"ALPHA LEON ENTERPRISES LLP bought 7,05,814 shares of Hind Natl Glass \u0026amp; Ind Ltd at Rs 17.00 per share on NSE.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"BOESKY SECURITES PRIVATE LIMITED sold 48,349 shares in IMP Powers Ltd at Rs 13.65 per share on the NSE.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/usa/mayday-on-april-morning-small-plane-crash-at-front-yard-of-new-jersey-home-247327/\\\\\\\"\u003eMayday on April morning: Small plane crash at front yard of New Jersey home\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"GOLDMINE STOCKS PRIVATE LIMITED sold 1,26,000 shares in Innovative Tyres \u0026amp; Tubes at Rs 5.20 per share on the NSE.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"RAJ SAJAN NARENDRA sold 1,50,000 shares in Maheshwari Logistics Limited at Rs 100.08 per share on the \u003ca href=\\\\\\\"https://opoyi.com/topics/nse/\\\\\\\"\u003eNSE\u003c/a\u003e.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"PARAG COMMOSALES sold 2,72,844 shares in North East Carry Corp Ltd at Rs 32.51 per share on the NSE.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"RAJASTHAN GLOBAL SECURITIES LIMITED sold 57,600 shares in P. E. Analytics Limited at Rs 170.00 per share on the NSE.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/sports/suspect-arrested-in-california-shooting-incident-all-6-dead-identified-503560/\\\\\\\"\u003eSuspect arrested in California shooting incident; all 6 dead identified\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"NIRAJ HARSUKHLAL SANGHAVI bought 34,800 shares of SecUR Credentials Limited at Rs 125.72 per share on NSE.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"JAYANTILAL HANSRAJ HUF sold 2,00,000 shares of Suumaya Industries Ltd at Rs 106.25 per share on NSE.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/world/eu-says-russia-will-be-held-accountable-for-atrocities-in-ukraines-bucha-424845/\\\\\\\"\u003eEU says Russia will be 'held accountable' for 'atrocities' in Ukraine's Bucha\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/topics/fiianddii/\\\\\\\"\u003e\u003cb\u003eDII and FII data\u003c/b\u003e\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Foreign institutional investors (FIIs) bought shares worth a net Rs 1,152.21 crore, while domestic institutional investors (DIIs) purchased shares worth a net Rs 1,675.01 crore in the Indian equity market on April 4, as per provisional data available on the NSE.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/usa/us-supporting-multinational-team-collecting-evidence-of-ukraine-atrocities-official-450029/\\\\\\\"\u003eUS supporting multinational team collecting evidence of Ukraine atrocities: Official\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/topics/foban/\\\\\\\"\u003e\u003cb\u003eNSE F\u0026amp;O Ban\u003c/b\u003e\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"No security or stock has been put under the F\u0026amp;O ban for April 5. Securities in the ban period under the F\u0026amp;O segment include companies in which the security has crossed 95% of the market-wide position limit.\\\"}}]}","relatedPosts":null,"location":null,"createdBy":{"name":"Yash Sadhak Shrivastava","photo":"https://opoyi.com/images/opoyi_YTc6hxpHI.jpg?tr=w-600,q-70,dpr","username":"yashsadhak","id":"hVr8BLevnFNI","role":null},"topics":[{"name":"TradeSetup","slug":"tradesetup","id":"odcbbjEYtYHE","isSection":0},{"name":"StockMarket","slug":"stockmarket","id":"vHCI0WQLTd1o","isSection":0},{"name":"Sensex","slug":"sensex","id":"MhfKMlGWFTBF","isSection":0},{"name":"BSE","slug":"bse","id":"2seBd7Lyb8z6","isSection":0},{"name":"NSE","slug":"nse","id":"74WQDLQfPQDQ","isSection":0},{"name":"Nifty","slug":"nifty","id":"2JvkXElbbqnQ","isSection":0},{"name":"ShareMarket","slug":"sharemarket","id":"PkCsd9oT2rCN","isSection":0},{"name":"Swiggy","slug":"swiggy","id":"vASddr821DOi","isSection":0},{"name":"India","slug":"india","id":"Bq4MmUPrXF8p","isSection":1},{"name":"Partner","slug":"partner","id":"NFi2HHLLGThT","isSection":0},{"name":"Zomato","slug":"zomato","id":"kr7p5Jo8FHO3","isSection":0},{"name":"Germany","slug":"germany","id":"OAY7kVupDf3P","isSection":0},{"name":"HDFCBank","slug":"hdfcbank","id":"n3a3YDui7INw","isSection":0},{"name":"France","slug":"france","id":"aF0AipAbPtoh","isSection":0},{"name":"RBI","slug":"rbi","id":"mmhRjdCmZCj0","isSection":0},{"name":"Parliament","slug":"parliament","id":"f1AaZo7fTdEO","isSection":0},{"name":"indian","slug":"indian","id":"YTJpdaKq5t2z","isSection":0},{"name":"HongKong","slug":"hongkong","id":"NjExvisxSkdf","isSection":0},{"name":"Japan","slug":"japan","id":"anJhzDRc6xxB","isSection":0},{"name":"London","slug":"london","id":"PFIK5nEYHzYU","isSection":0},{"name":"SEBI","slug":"sebi","id":"3nLmnZjR2Qlg","isSection":0}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Yash Sadhak Shrivastava","id":"hVr8BLevnFNI","username":"yashsadhak","role":2,"userType":0}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-04-05T06:45:00+05:30","publisher":6,"sourceFeed":null,"cleanText":"Indian equity benchmarks extended their winning run to a second consecutive day on Monday, surging over 2% in the session and closing above the crucial 18,050 (Nifty) and 60,600 (Sensex) levels. The key benchmarks began the day on a positive note, bolstered by heavy purchasing in the banking and financial sectors following the announcement of the merger between HDFC and HDFC Bank. Also Read| US, UK plan to impose more sanctions against Russia over war in Ukraine,The Nifty50 has confirmed the breakout of a bullish engulfing pattern and moved above its prior swing highs, according to Sachin Gupta, AVP-Research at Choice Broking. The index has sustained above its 50-day exponential moving average and showed a positive crossover in MACD and Stochastic (momentum indicators), suggesting a bullish move in the near term, he said. Indian Indices,Sensex rose 1335.05 points or 2.25% to 60,611.74 and Nifty was up by 382.95 points or 2.17% to 18,053.40 in the previous session. Sensex touched a high and low of 60,845.10 and 59,760.22, respectively. There were 28 stocks advancing against 2 stocks declining on the index. Nifty traded in a range of 18,114.65 and 17,791.40. There were 46 stocks advancing against 4 stocks declining on the index. Also Read| Will Russia use nuclear weapons in war with Ukraine: Explained,Broader Indices,The broader indices ended in green with the BSE Midcap index rising 1.27%, while the Small cap index was up by 1.68%. The top gaining sectoral indices on the BSE were Finance up by 4.25%, Bankex up by 3.45%, Power up by 3.00%, Utilities up by 2.93% and Metal up by 2.04%, while there were no losing sectoral indices on the BSE. Support and Resistance levels,The key support level for the Nifty is placed at 17,858, followed by 17,663. If the index moves up, the key resistance levels to watch out for are 18,182 and 18,310, according to pivot charts. Also Read| With Senate in deadlock, Ketanji Brown Jackson's SCOTUS confirmation delayed,SGX Nifty,The trends on SGX Nifty indicate a flat opening for the index in India with a 3-points loss. The Nifty futures were trading at 18,195.00 on the Singaporean Exchange around 06:45 hours IST. Asian Markets,Asian markets finished broadly higher yesterday with shares in Hong Kong leading the region. The Hang Seng was up 2.10% while China's Shanghai Composite was up 0.91% and Japan's Nikkei 225 is up 0.25%. Also Read| Bucha killings 'tip of the iceberg' of Russian atrocities, says Ukraine foreign minister,US Markets,The S\u0026P 500 rose 36.78 points, or 0.8%, to 4,582.64. The Dow Jones Industrial Average rose 103.61 points, or 0.3%, to 34,921.88. The Nasdaq rose 271.05 points, or 1.9%, to 14,532.55. The Russell 2000 index of smaller companies rose 4.33 points, or 0.2%, to 2,095.44. European Markets,European markets finished higher yesterday with shares in France leading the region. The CAC 40 was up 0.70% while Germany's DAX was up 0.50% and London's FTSE 100 was up 0.28%. Also Read| Ukraine's Zelensky warns other liberated cities may have higher casualties than Bucha,HDFC Ltd to merge with HDFC Bank,HDFC announced a merger with HDFC Bank today, with a share merger ratio of 42 shares of HDFC Bank to 25 shares of HDFC. HDFC Bank will be able to expand its home loan portfolio and expand its existing customer base as a result of the proposed deal. Following the proposed merger, HDFC will hold a 41% stake in the merged entity. The merger is subject to clearance from the RBI and other regulatory bodies. HDFC has overall assets of Rs 6.23 lakh crore as of today, whereas HDFC Bank has assets worth Rs 19.38 lakh crore. As per an exchange filing, the proposed transaction will help leverage and create meaningful value for various stakeholders. It is also expected to benefit from increased scale, comprehensive product offering, balance sheet resiliency and the ability to drive synergies across revenue opportunities, operating efficiencies and underwriting efficiencies. Also Read| Tijuana officials open sports complex for Ukraine refugees at US-Mexico border,SBI cards block deal: Carlyle to sell entire stake in firm for Rs 2,558 crore,Carlyle Group, a private equity company, will sell its entire stake in SBI Cards \u0026 Payments Services Ltd in a block deal for up to Rs 2,558 crore, reported Moneycontrol. CA Rover Holdings, a Carlyle subsidiary that had 29.20 million shares or a 3.09% holding in SBI Cards as of the December 2021 quarter, would sell its entire stake in the company through the block deal. According to Bloomberg, the shares are being offered between Rs 851.50 and Rs 876.75 a share, reflecting a nearly 3% discount on the current market price. Citigroup is acting as the deal's sole book-running manager. Also Read| Mariupol mayor expresses grave concerns as Russia blocks humanitarian cargoes,CCI orders probe of Zomato, Swiggy conduct for alleged unfair business practices,India’s antitrust body Competition Commission of India (CCI) on April 4 has ordered a probe into the conduct of online food delivery platforms Zomato and Swiggy. CCI said the conduct of food aggregators Swiggy and Zomato, which are facing allegations such as delayed payments cycle, imposition of one-sided clauses and exorbitant commission, requires an investigation. The trade regulator has asked the deputy general to conduct a detailed inquiry into the accusations and submit a report within 60 days. There exists a prima facie case concerning the conduct of Zomato and Swiggy, which requires an investigation by the Director-General to determine whether their conduct resulted in contravention of the provisions in Section 3(1) of the Competition Act read with Section 3(4). The DG is, thus, directed to carry out a detailed investigation and submit a report within 60 days, the CCI said. Also Read| Premier League: In-form Crystal Palace routs Arsenal 3-0,Paytm Payments Bank yet to act on RBI's order, MoS Finance tells Lok Sabha,Paytm Payment Bank is yet to appoint a firm to conduct an audit of its information technology (IT) systems, minister of state for finance Bhagwat Karad told the Parliament. The RBI (Reserve Bank of India) has further informed that the Paytm Payments Bank Limited has not yet appointed the IT audit firm to conduct a comprehensive System Audit of the IT system of the bank, Karad said in a written reply to a question on April 4. On March 11, the RBI barred SoftBank-backed Paytm Payments Bank Limited (PPBL) from onboarding new customers and directed it to appoint a firm to conduct an audit of its IT system. Paytm Payments Bank will require specific permission from the RBI to restart accepting new customers after a review of the audit. Soon after RBI’s action, Paytm Payments Bank had said in an exchange filing that it was taking immediate steps to comply with the directions. It also stated that existing customers will not be affected and they can continue using PPBL banking and payment services. Also Read| GOP-led states sue Biden administration over lifting Trump-era pandemic restrictions on immigration,SEBI forms panel to improve governance of market infra institutions,Market regulator Securities Exchange Board of India (SEBI) on April 4 constituted an ad-hoc committee for reviewing and suggesting measures for further strengthening governance norms at the stock exchange and other market infrastructure institutions (MIIs). This comes after the alleged corporate governance lapses at NSE, with several issues coming to the front following a SEBI order that disclosed the existence of a ‘Himalayan Yogi’ who influenced the decisions of the exchange’s former MD and CEO Chitra Ramakrishna. The six-member panel will be headed by G Mahalingam, a former whole-time member of SEBI, according to the statement. Other members of the committee are J N Gupta, MD of Stakeholders Empowerment Services; Aarti Nihalani, Partner, Oliver Wyman; Sandip Bhagat, Partner, S\u0026R Associates and Uttam Bagri, Former Chairman, BSE Brokers Forum. The managing directors and chief executive officers of NSE, BSE, NSDL and CDSL have also been included in the panel, SEBI said. Also Read| Champions League: Benfica-Liverpool, Manchester City-Atlético Madrid to face off,Bulk Deal data,KAUSHIK MAHESH WAGHELA bought 48,000 shares in Atal Realtech Limited at Rs 124.00 per share on the NSE. LOK PRAKASHAN LTD bought 1,21,572 shares in Cords Cable Industries Limited at Rs 60.62 per share on the NSE. NUPUR ANIL SHAH bought 51,502 shares in Dangee Dums Limited at Rs 309.99 per share on the NSE. LT FINANCE LIMITED sold 13,56,057 shares in Diamond Power Infra Ltd at Rs 1.55 per share on the NSE. Also Read| US lawmakers urge Biden to increase weapons sent to Ukraine in fight against Russia: Reports,MANSI SHARES \u0026 STOCK ADVISORS PVT LTD bought 35,00,000 shares in GMR Pow and Urban Infra Limited at Rs 30.40 per share on the NSE. SANJAY POPATLAL JAIN bought 96,000 shares of Goldstar Power Limited at Rs 24.25 per share on NSE. ALPHA LEON ENTERPRISES LLP bought 7,05,814 shares of Hind Natl Glass \u0026 Ind Ltd at Rs 17.00 per share on NSE. BOESKY SECURITES PRIVATE LIMITED sold 48,349 shares in IMP Powers Ltd at Rs 13.65 per share on the NSE. Also Read| Mayday on April morning: Small plane crash at front yard of New Jersey home,GOLDMINE STOCKS PRIVATE LIMITED sold 1,26,000 shares in Innovative Tyres \u0026 Tubes at Rs 5.20 per share on the NSE. RAJ SAJAN NARENDRA sold 1,50,000 shares in Maheshwari Logistics Limited at Rs 100.08 per share on the NSE. PARAG COMMOSALES sold 2,72,844 shares in North East Carry Corp Ltd at Rs 32.51 per share on the NSE. RAJASTHAN GLOBAL SECURITIES LIMITED sold 57,600 shares in P. E. Analytics Limited at Rs 170.00 per share on the NSE. Also Read| Suspect arrested in California shooting incident; all 6 dead identified,NIRAJ HARSUKHLAL SANGHAVI bought 34,800 shares of SecUR Credentials Limited at Rs 125.72 per share on NSE. JAYANTILAL HANSRAJ HUF sold 2,00,000 shares of Suumaya Industries Ltd at Rs 106.25 per share on NSE. Also Read| EU says Russia will be 'held accountable' for 'atrocities' in Ukraine's Bucha,DII and FII data,Foreign institutional investors (FIIs) bought shares worth a net Rs 1,152.21 crore, while domestic institutional investors (DIIs) purchased shares worth a net Rs 1,675.01 crore in the Indian equity market on April 4, as per provisional data available on the NSE. Also Read| US supporting multinational team collecting evidence of Ukraine atrocities: Official,NSE F\u0026O Ban,No security or stock has been put under the F\u0026O ban for April 5. Securities in the ban period under the F\u0026O segment include companies in which the security has crossed 95% of the market-wide position limit.","portalUser":{"id":"MK3GmgLG7wo1","name":"Opoyi Business","username":"OpoyiBusiness","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_D6026Kum9dg.jpg","role":2,"userType":1},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":null,"keywords":"NSE,HDFC Bank,Zomato,Swiggy,HDFC,Paytm Payments Bank,SEBI,Indian,India,CCI,Partner,Sachin Gupta,AVP-Research,Choice Broking,MACD,Trade setup, stock market news, stock news, share market news, sensex today, nifty today, gdp rate, sebi news","originalPublishedOn":"2022-04-05T06:45:00+05:30"}},{"node":{"id":"9pD4vOZ2HpI8","slug":"english/sebi-forms-panel-to-improve-governance-of-market-infra-institutions","slugV2":"business/sebi-forms-panel-to-improve-governance-of-market-infra-institutions-190767/","title":"SEBI forms panel to improve governance of market infra institutions","postType":1,"coverMedia":"/opoyi_e-nQGlXCbUf.jpg","coverCaption":"The panel includes MDs and CEOs of NSE, BSE, NSDL and CDSL (Photo credit: Twitter/ @SEBI_India)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-04-04T23:15:24+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eSEBI formerd committee for strengthening governance norms at the MIIs\u003c/li\u003e\n \u003cli\u003ePanel will be headed by G Mahalingam, a former whole-time member of SEBI\u003c/li\u003e\n \u003cli\u003eThis comes after the alleged corporate governance lapses at NSE\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1649094322192,\\\"strCount\\\":3106,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Market regulator Securities Exchange Board of India (SEBI) on April 4 constituted an ad-hoc committee for reviewing and suggesting measures for further strengthening governance norms at the stock exchange and other market infrastructure institutions (MIIs).\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/sbi-cards-block-deal-carlyle-to-sell-entire-stake-in-firm-for-rs-2558-crore-106758/\\\\\\\"\u003eSBI cards block deal: Carlyle to sell entire stake in firm for Rs 2,558 crore\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"This comes after the alleged corporate governance lapses at \u003ca href=\\\\\\\"https://opoyi.com/topics/nse/\\\\\\\"\u003eNSE\u003c/a\u003e, with several issues coming to the front following a \u003ca href=\\\\\\\"https://opoyi.com/topics/sebi/\\\\\\\"\u003eSEBI\u003c/a\u003e order that disclosed the existence of a ‘Himalayan Yogi’ who influenced the decisions of the exchange’s former MD and CEO Chitra Ramakrishna.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Besides, Ramakrishna had shared certain internal confidential information including financial and business plans of NSE, dividend scenario, and financial results with the yogi. She also consulted him over the performance appraisals of the exchange's employees\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/cci-orders-probe-of-zomato-swiggy-conduct-for-alleged-unfair-business-practices-152879/\\\\\\\"\u003eCCI orders probe of Zomato, Swiggy conduct for alleged unfair business practices\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The six-member panel will be headed by G Mahalingam, a former whole-time member of SEBI, according to the statement. Other members of the committee are J N Gupta, MD of Stakeholders Empowerment Services; Aarti Nihalani, \u003ca href=\\\\\\\"https://opoyi.com/topics/partner/\\\\\\\"\u003ePartner\u003c/a\u003e, Oliver Wyman; Sandip Bhagat, Partner, S\u0026amp;R Associates and Uttam Bagri, Former Chairman, BSE Brokers Forum.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/paytm-payments-bank-yet-to-act-on-rbis-order-mos-finance-tells-lok-sabha-569569/\\\\\\\"\u003ePaytm Payments Bank yet to act on RBI's order, MoS Finance tells Lok Sabha\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The managing directors and chief executive officers of NSE, BSE, NSDL and CDSL have also been included in the panel, SEBI said.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The market regulator said the committee will be making recommendations on measures for strengthening the role played by the Governing Board and Committees of MIIs. They will also review the requirements related to the appointment and role responsibility of directors on the board and key managerial persons (KMPs).\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/science/elon-musk-holds-92-passive-stake-in-twitter-sec-filing-shows-214679/\\\\\\\"\u003eElon Musk holds 9.2% passive stake in Twitter, SEC filing shows\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"In addition, the panel will also develop effective metrics for monitoring various aspects of the functioning of MIIs and KMPs, enhancing accountability and transparency and reviewing the policy on safekeeping and sharing of information held by MIIs.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/hdfc-to-merge-with-hdfc-bank-shares-soar-10-362221/\\\\\\\"\u003eHDFC Ltd to merge with HDFC Bank, shares soar 10%\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Revisiting the \\\\\\\"code of conduct and code of ethics\\\\\\\" for directors of the governing board and KMPs is also listed among the tasks that will be assigned to the committee, the press release stated.\\\"}}]}","relatedPosts":null,"location":null,"createdBy":{"name":"Devanshu Singla","photo":"","username":"devanshusingla","id":"aJeiSJdpGmAb","role":null},"topics":[{"name":"SEBI","slug":"sebi","id":"3nLmnZjR2Qlg","isSection":0},{"name":"NSE","slug":"nse","id":"74WQDLQfPQDQ","isSection":0},{"name":"StockMarket","slug":"stockmarket","id":"vHCI0WQLTd1o","isSection":0},{"name":"StockExchange","slug":"stockexchange","id":"OH9GDHEEbwFC","isSection":0},{"name":"Markets","slug":"markets","id":"dTaX87T5pmKe","isSection":0},{"name":"Partner","slug":"partner","id":"NFi2HHLLGThT","isSection":0},{"name":"BSE","slug":"bse","id":"2seBd7Lyb8z6","isSection":0},{"name":"Business","slug":"business","id":"1hd39Bl2AdAV","isSection":1},{"name":"Finance","slug":"finance","id":"vdfCkTLQAVNK","isSection":0}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Devanshu Singla","id":"aJeiSJdpGmAb","username":"devanshusingla","role":2,"userType":0}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-04-04T23:15:23+05:30","publisher":6,"sourceFeed":null,"cleanText":"Market regulator Securities Exchange Board of India (SEBI) on April 4 constituted an ad-hoc committee for reviewing and suggesting measures for further strengthening governance norms at the stock exchange and other market infrastructure institutions (MIIs). Also Read | SBI cards block deal: Carlyle to sell entire stake in firm for Rs 2,558 crore,This comes after the alleged corporate governance lapses at NSE, with several issues coming to the front following a SEBI order that disclosed the existence of a ‘Himalayan Yogi’ who influenced the decisions of the exchange’s former MD and CEO Chitra Ramakrishna. Besides, Ramakrishna had shared certain internal confidential information including financial and business plans of NSE, dividend scenario, and financial results with the yogi. She also consulted him over the performance appraisals of the exchange's employees,Also Read | CCI orders probe of Zomato, Swiggy conduct for alleged unfair business practices,The six-member panel will be headed by G Mahalingam, a former whole-time member of SEBI, according to the statement. Other members of the committee are J N Gupta, MD of Stakeholders Empowerment Services; Aarti Nihalani, Partner, Oliver Wyman; Sandip Bhagat, Partner, S\u0026R Associates and Uttam Bagri, Former Chairman, BSE Brokers Forum. Also Read | Paytm Payments Bank yet to act on RBI's order, MoS Finance tells Lok Sabha,The managing directors and chief executive officers of NSE, BSE, NSDL and CDSL have also been included in the panel, SEBI said. The market regulator said the committee will be making recommendations on measures for strengthening the role played by the Governing Board and Committees of MIIs. They will also review the requirements related to the appointment and role responsibility of directors on the board and key managerial persons (KMPs). Also Read | Elon Musk holds 9.2% passive stake in Twitter, SEC filing shows,In addition, the panel will also develop effective metrics for monitoring various aspects of the functioning of MIIs and KMPs, enhancing accountability and transparency and reviewing the policy on safekeeping and sharing of information held by MIIs. Also Read | HDFC Ltd to merge with HDFC Bank, shares soar 10%,Revisiting the code of conduct and code of ethics for directors of the governing board and KMPs is also listed among the tasks that will be assigned to the committee, the press release stated.","portalUser":{"id":"MK3GmgLG7wo1","name":"Opoyi Business","username":"OpoyiBusiness","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_D6026Kum9dg.jpg","role":2,"userType":1},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":null,"keywords":"SEBI,NSE,Chitra Ramakrishna,G Mahalingam,Aarti Nihalani,Oliver Wyman,Sandip Bhagat,Uttam Bagri,SEBI norms, SEBI panel, SEBI NSE, BSE, stock exchange, SEBi news,Business news,SEBI updates","originalPublishedOn":"2022-04-04T23:15:23+05:30"}},{"node":{"id":"8Kr8f2pUfqUr","slug":"english/trade-setup-top-15-things-to-know-before-market-opens-on-march-31-2022","slugV2":"india/trade-setup-top-15-things-to-know-before-market-opens-on-march-31-2022-179860/","title":"Trade Setup: Top 15 things to know before market opens on March 31, 2022","postType":1,"coverMedia":"/opoyi_hQ4MV2MGy.jpg","coverCaption":"The broader indices ended in green with the BSE Midcap index rising 0.78%, while the Small cap index was up by 1.09%. (Photo Credit: Representational Image/Pixabay)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-03-31T06:55:00+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eSensex rose 740.34 points or 1.28% to 58,683.99 and Nifty was up by 172.95 points or 1.00% to 17,498.25\u003c/li\u003e\n \u003cli\u003eFIIs purchased shares worth a net Rs 1,357.47 crore while DIIs bought shares worth a net Rs 1,216 crore\u003c/li\u003e\n \u003cli\u003eThe trends on SGX Nifty indicate a positive opening for the index in India\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1648689799990,\\\"strCount\\\":13863,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/topics/indian/\\\\\\\"\u003eIndian\u003c/a\u003e equity indexes on Wednesday gained for the third day in a row, boosted by advances in Finance, Realty, and Banking stocks, as oil prices eased after Russia hinted at de-escalation of the war with Ukraine. \\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Markets opened sharply higher and stayed steady throughout the day, as investors were encouraged by Finance Minister Nirmala Sitharaman's remark that India's fast economic rebound following COVID-19 and Budget policies will help sustain growth momentum in the years ahead.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/sports/ipl-2022-boosted-by-moeen-ali-chennai-super-kings-take-on-lucknow-super-giants-125295/\\\\\\\"\u003eIPL 2022: Boosted by Moeen Ali, Chennai Super Kings take on Lucknow Super Giants\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Nifty50 has formed yet another small positive candle on the daily chart with a gap-up opening, suggesting the continuation of upside momentum, according to Nagaraj Shetti, Technical Research Analyst at HDFC Securities.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"He sees a buy-on-intraday-dips opportunity in the market now. \\\\\\\"Immediate resistance at 17,490 of the previous lower top has been surpassed marginally. This is a positive indication,\\\\\\\" he said.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/india/goa-cm-pramod-sawant-allocates-funds-for-free-lpg-cylinders-293039/\\\\\\\"\u003eGoa CM Pramod Sawant allocates funds for free LPG cylinders\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/topics/closingbell/\\\\\\\"\u003e\u003cb\u003eIndian Indices\u003c/b\u003e\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Sensex rose 740.34 points or 1.28% to 58,683.99 and Nifty was up by 172.95 points or 1.00% to 17,498.25 in the previous session. Sensex touched a high and low of 58,727.78 and 58,176.00, respectively. There were 21 stocks advancing against 9 stocks declining on the index. Nifty traded in a range of 17,522.50 and 17,387.20. There were 32 stocks advancing against 18 stocks declining on the index.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eBroader Indices\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The broader indices ended in green with the BSE Midcap index rising 0.78%, while the Small cap index was up by 1.09%. The top gaining sectoral indices on the BSE were Finance up by 1.71%, Realty up by 1.49%, Bankex up by 1.36%, Industrials up by 1.25% and Auto up by 1.20%, while Metal down by 2.89%, Oil \u0026amp; Gas down by 0.86%, Basic Materials down by 0.59%, Power-down by 0.40% and Utilities down by 0.37% were the top losing indices on BSE.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/india/uk-indian-foreign-ministers-to-meet-today-to-discuss-russia-ukraine-war-336864/\\\\\\\"\u003eUK, Indian foreign ministers to meet today to discuss Russia-Ukraine war\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eSupport and Resistance levels\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The key support level for the Nifty is placed at 17,416, followed by 17,334. If the index moves up, the key resistance levels to watch out for are 17,551 and 17,605, according to pivot charts.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eSGX Nifty\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The trends on SGX Nifty indicate a positive opening for the index in India with a 68-points gain. The Nifty futures were trading at\u0026nbsp;17,596.20 on the Singaporean Exchange around 06:45 hours IST.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eAsian Markets\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Asian markets finished mixed on Wednesday. The Shanghai Composite gained 1.62% and the Hang Seng rose 1.34%. The Nikkei 225 lost 0.80%.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/entertainment/chris-rock-holds-first-show-since-getting-slapped-by-will-smith-at-oscars-280512/\\\\\\\"\u003eChris Rock holds first show since getting slapped by Will Smith at Oscars\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/topics/nasdaq/\\\\\\\"\u003e\u003cb\u003eUS Markets\u003c/b\u003e\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The S\u0026amp;P 500 fell 29.15 points, or 0.6%, to 4,602.45.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Dow Jones Industrial Average fell 65.38 points, or 0.2%, to 35,228.81.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Nasdaq fell 177.36 points, or 1.2%, to 14,442.27.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Russell 2000 index of smaller companies fell 42.03 points, or 2%, to 2,091.07.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eEuropean Markets\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"European markets finished mixed on Wednesday. The CAC 40 gained 2.31% and the FTSE 100 rose 0.55%. The DAX lost 1.45%.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/world/will-fight-for-every-metre-of-land-says-zelensky-amid-russian-pullback-284669/\\\\\\\"\u003e'Will fight for every metre of land', says Zelensky amid Russian 'pullback'\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/india/dearness-allowance-hiked-by-3-for-central-government-employees-effective-from-jan-1-2022-614794/\\\\\\\"\u003e\u003cb\u003eDearness Allowance hiked by 3% for central government employees, effective from Jan 1, 2022\u003c/b\u003e\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Union \u003ca href=\\\\\\\"https://opoyi.com/topics/cabinet/\\\\\\\"\u003eCabinet\u003c/a\u003e on Wednesday hiked Dearness Allowance (DA) and Dearness Relief (DR) by 3% to 34% to benefit over 1.16 crore central government employees and pensioners. The additional instalment will be effective from January 1, 2022, said an official release after the Cabinet meeting. \\\\\\\"This increase is in accordance with the accepted formula, which is based on the recommendations of the 7th Central Pay Commission,\\\\\\\" it said. The combined impact on the exchequer on account of both Dearness Allowance and Dearness Relief will be Rs 9,544.50 crore per annum.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/explained-what-is-dearness-allowance-and-its-types-580423/\\\\\\\"\u003eExplained: Dearness Allowance and its types\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/business/axis-bank-set-to-acquire-citibank-indias-retail-business-179629/\\\\\\\"\u003e\u003cb\u003eAxis bank set to acquire Citibank India's retail business\u003c/b\u003e\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Axis Bank is all set to acquire Citigroup’s retail banking business in \u003ca href=\\\\\\\"https://opoyi.com/india/\\\\\\\"\u003eIndia\u003c/a\u003e. The deal, expected to be valued at $2.5 billion (Rs 18,000 crore), is likely to be announced soon, according to PTI. With the acquisition of Citibank’s India retail business, the balance sheet of \u003ca href=\\\\\\\"https://opoyi.com/business/sebi-imposes-rs-5-lakh-penalty-on-axis-bank-for-violating-regulations-188634/\\\\\\\"\u003eAxis Bank\u003c/a\u003e will expand and it will get a larger footprint across India. According to \u003ca href=\\\\\\\"https://opoyi.com/india/how-the-us-federal-reserves-rate-hike-impacts-rbi-policy-explained-650139/\\\\\\\"\u003eRBI\u003c/a\u003e data, Axis Bank has an outstanding credit card base of 8.6 million and Citibank has 2.6 million credit cardholders.\u0026nbsp; Earlier this month, Axis Bank stated it hadn't decided on purchasing Citigroup's India retail business. Axis Bank, Kotak Mahindra Bank and \u003ca href=\\\\\\\"https://opoyi.com/world/sensex-surges-over-470-points-while-nifty-around-17460-in-early-trade-662683/\\\\\\\"\u003eIndusInd Bank\u003c/a\u003e were in the race and had submitted binding bids to acquire Citibank’s consumer banking portfolio.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/world/what-it-means-to-pay-for-natural-gas-using-rubles-explained-279875/\\\\\\\"\u003eWhat it means to pay for natural gas using Russian rubles: Explained\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eCabinet okays $808 million program to boost the performance of small and medium-sized enterprises\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Union Cabinet has approved a World Bank-assisted programme worth $808 million to improve the performance of micro, small, and medium enterprises (MSME). The programme, called 'Raising and Accelerating MSME Performance' - or RAMP - will commence in FY23, the government said in a statement on March 30. Of the $808 million, $500 million will be a loan from the World Bank, while the remaining $308 million will come from the Centre. The $500 million loans from the World Bank's International Bank for Reconstruction and Development is for 18.5 years, which includes a grace period of 5.5 years. The RAMP programme was approved by the World Bank's Board of Executive Directors on June 4, 2021.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/entertainment/will-smith-refused-to-leave-oscars-after-slapping-chris-rock-academy-674287/\\\\\\\"\u003eAcademy says Will Smith refused to leave Oscars as it mulls disciplinary action\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003e\u003ca href=\\\\\\\"https://opoyi.com/business/sebi-mandates-30-day-period-for-rebalancing-portfolios-of-mutual-fund-schemes-474101/\\\\\\\"\u003eSEBI mandates 30 day period for rebalancing portfolios of mutual fund schemes\u003c/a\u003e\u0026nbsp;\u0026nbsp;\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Markets regulator Securities Exchange Board of India (SEBI) on Wednesday announced timelines for the rebalancing of portfolios of\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/why-mutual-funds-is-a-better-investment-option-than-stocks-266614/\\\\\\\"\u003emutual fund\u003c/a\u003e\u0026nbsp;schemes to bring uniformity. SEBI issued a circular that said the rebalancing period would be applicable in the case of deviation from mandated asset allocation mentioned in the Scheme Information Document (SID) due to passive breaches.\u0026nbsp;Generally, passive breaches are not arisen due to omission and commission of Asset Management Companies (AMCs). Rebalancing of all mutual fund schemes, except Index Funds and Exchange Traded Funds (ETFs), must be done within 30 business days.\u0026nbsp;In case, the rebalancing is not done within the required timelines, justification in writing, including details of efforts taken to rebalance the portfolio must be presented to the concerned investment committee. The committee can extend the timelines up to 60 business days from the date of completion of the mandated rebalancing period. SEBI states that AMCs will not be allowed to launch new schemes until the portfolio is rebalanced within the extended timelines.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/usa/who-was-paul-herman-goodfellas-and-the-sopranos-actor-dead-on-76th-birthday-276578/\\\\\\\"\u003eWho was Paul Herman, actor of several Oscar-winning movies dead at 76?\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/business/russia-india-to-consider-swift-alternative-for-ruble-payments-427584/\\\\\\\"\u003e\u003cb\u003eRussia, India to consider SWIFT alternative for ruble payments\u003c/b\u003e\u003c/a\u003e\u003cbr\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Government of India is considering a proposal from Russia to use a system developed by the Russian central bank for bilateral payments as the former seeks to buy oil and weapons from the sanctions battered country, reported Bloomberg. The plan comprises rupee-ruble denominated payments using Russia’s messaging system SPFS, reported Bloomberg citing sourced. There has been no final decision and the matter is likely to be discussed when Russian Foreign Minister \u003ca href=\\\\\\\"https://opoyi.com/india/russian-foreign-minister-sergey-lavrov-to-visit-india-what-to-expect-276090/\\\\\\\"\u003eSergei Lavrov\u003c/a\u003e will arrive in India for a two-day visit on Thursday. India is keen to continue bilateral trade as it relies on Russia for weapons and cheaper oil as global prices surge. \u003ca href=\\\\\\\"https://opoyi.com/india/rahul-gandhi-slams-pm-narendra-modi-over-rise-in-fuel-prices-355997/\\\\\\\"\u003eOil prices\u003c/a\u003e have been highly volatile since Russia invaded \u003ca href=\\\\\\\"https://opoyi.com/topics/ukraine/\\\\\\\"\u003eUkraine\u003c/a\u003e in February. India’s bilateral trade with Russia averages $9 billion in past few years, mainly comprising defence hardware, fertilizer and some oil. Russia is India’s main supplier of India’s hardware. Given the heavy discounts on \u003ca href=\\\\\\\"https://opoyi.com/india/india-allows-refiners-to-buy-russian-crude-oil-despite-ukraine-invasion-217761/\\\\\\\"\u003eRussian crude oil\u003c/a\u003e since that attack on Ukraine, India has purchased at least 13 million barrels, compared with around 16 million barrels imported from the country for the whole of last year. According to the proposal, rubles will be deposited into an Indian bank and converted into rupees and the same system will work in reverse, said the report. Whether the exchange rate will be fixed or floating is still up for discussion.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/world/russia-china-set-eyes-on-new-world-order-free-of-hegemony-564865/\\\\\\\"\u003eRussia, China set eyes on new 'world order' free of hegemony\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/topics/bulkdeal/\\\\\\\"\u003e\u003cb\u003eBulk Deal data\u003c/b\u003e\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"NIPPON INDIA MUTUAL FUND sold 51,02,574 shares of RBL Bank Limited at Rs 129.03 per share on NSE.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"LARSEN \u0026amp; TOUBRO LIMITED sold 20,00,000 shares in Virescent Renewable Energy at Rs 95.00 per share on the NSE.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"ROHIT KUTHARI sold 12,64,910 shares of Antarctica Graphics Ltd at Rs 1.42 per share on NSE.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"NOPEA CAPITAL SERVICES PRIVATE LIMITED bought 97,600 shares in Atal Realtech Limited at Rs 109.00 per share on the \u003ca href=\\\\\\\"https://opoyi.com/topics/nse/\\\\\\\"\u003eNSE\u003c/a\u003e.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/usa/paul-herman-the-sopranos-and-goodfellas-star-dead-on-76th-birthday-133289/\\\\\\\"\u003ePaul Herman, ‘The Sopranos’ and ‘Goodfellas’ star, dead on 76th birthday\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"YATHART JALAN bought 69,000 shares in Cool Caps Industries Ltd at Rs 42.75 per share on the NSE.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"MONIT EXIM LLP sold 10,40,000 shares in DEEP ENE RESOURCES LTD at Rs 49.33 per share on the NSE.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"ENAM FINANCE PVT LTD sold 121,16,368 shares in Future Consumer Ltd at Rs 4.60 per share on the NSE.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Orient Green Power Co Ltd sold 50,00,000 shares of JANATI BIO POWER PRIVATE LIMITED at Rs 12.55 per share on NSE.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"SANJAY AGARWAL sold 2,10,000 shares of Khadim India Limited at Rs 223.88 per share on NSE.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/usa/arkansas-storm-update-7-injured-several-homes-damaged-373712/\\\\\\\"\u003eSevere storms, tornadoes in Deep South of US leave thousands without power\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"SANTOSH INDUSTRIES LTD sold 9,00,000 shares in Mcleod Russel India Limited at Rs 22.86 per share on the NSE.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"LAKSHMI GUTTIKONDA VARA bought 6,48,334 shares in Megasoft Limited at Rs 49.00 per share on the NSE.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"SANJAY CHOWDHRI sold 100,00,000 shares in Supreme Engineering Ltd at Rs 2.50 per share on the NSE.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/usa/who-was-helmut-huber-all-my-children-star-susan-luccis-husband-dead-at-84-401717/\\\\\\\"\u003eWho was Helmut Huber, ‘All My Children’ Star Susan Lucci's husband dead at 84?\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/topics/fiianddii/\\\\\\\"\u003e\u003cb\u003eDII and FII data\u003c/b\u003e\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Foreign institutional investors (FIIs) purchased shares worth a net Rs 1,357.47 crore, while domestic institutional investors (DIIs) bought shares worth a net Rs 1,216 crore in the Indian equity market on March 30, as per provisional data available on the NSE.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/sports/new-attendance-world-record-set-as-barca-thrash-real-madrid-5-2-in-womens-cl-502405/\\\\\\\"\u003eNew attendance world record set as Barca thrash Real Madrid in Women's CL\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/topics/foban/\\\\\\\"\u003e\u003cb\u003eNSE F\u0026amp;O Ban\u003c/b\u003e\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Vodafone Idea is under the F\u0026amp;O ban for March 31. Securities in the ban period under the F\u0026amp;O segment include companies in which the security has crossed 95% of the market-wide position limit.\\\"}}]}","relatedPosts":null,"location":null,"createdBy":{"name":"Yash Sadhak Shrivastava","photo":"https://opoyi.com/images/opoyi_YTc6hxpHI.jpg?tr=w-600,q-70,dpr","username":"yashsadhak","id":"hVr8BLevnFNI","role":null},"topics":[{"name":"TradeSetup","slug":"tradesetup","id":"odcbbjEYtYHE","isSection":0},{"name":"StockMarket","slug":"stockmarket","id":"vHCI0WQLTd1o","isSection":0},{"name":"Sensex","slug":"sensex","id":"MhfKMlGWFTBF","isSection":0},{"name":"BSE","slug":"bse","id":"2seBd7Lyb8z6","isSection":0},{"name":"NSE","slug":"nse","id":"74WQDLQfPQDQ","isSection":0},{"name":"ShareMarket","slug":"sharemarket","id":"PkCsd9oT2rCN","isSection":0},{"name":"Nifty","slug":"nifty","id":"2JvkXElbbqnQ","isSection":0},{"name":"India","slug":"india","id":"Bq4MmUPrXF8p","isSection":1},{"name":"AxisBank","slug":"axisbank","id":"5LjaoI8mVpAk","isSection":0},{"name":"WorldBank","slug":"worldbank","id":"95olQYvbAZlf","isSection":0},{"name":"IndusIndBank","slug":"indusindbank","id":"LuN5yAK5glgT","isSection":0},{"name":"RBI","slug":"rbi","id":"mmhRjdCmZCj0","isSection":0},{"name":"Ukraine","slug":"ukraine","id":"Dq03BAdFix29","isSection":0},{"name":"Cabinet","slug":"cabinet","id":"KRS5VI2FT4gc","isSection":0},{"name":"indian","slug":"indian","id":"YTJpdaKq5t2z","isSection":0},{"name":"Citibank","slug":"citibank","id":"nYbFzySjg2Kj","isSection":0},{"name":"SEBI","slug":"sebi","id":"3nLmnZjR2Qlg","isSection":0},{"name":"Russia","slug":"russia","id":"ZdjTIzNom80K","isSection":0},{"name":"Finance","slug":"finance","id":"vdfCkTLQAVNK","isSection":0},{"name":"Asia","slug":"asia","id":"QzdhnKXHT05r","isSection":0}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Yash Sadhak Shrivastava","id":"hVr8BLevnFNI","username":"yashsadhak","role":2,"userType":0}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-03-31T06:55:00+05:30","publisher":6,"sourceFeed":null,"cleanText":"Indian equity indexes on Wednesday gained for the third day in a row, boosted by advances in Finance, Realty, and Banking stocks, as oil prices eased after Russia hinted at de-escalation of the war with Ukraine. ,Markets opened sharply higher and stayed steady throughout the day, as investors were encouraged by Finance Minister Nirmala Sitharaman's remark that India's fast economic rebound following COVID-19 and Budget policies will help sustain growth momentum in the years ahead. Also Read| IPL 2022: Boosted by Moeen Ali, Chennai Super Kings take on Lucknow Super Giants,The Nifty50 has formed yet another small positive candle on the daily chart with a gap-up opening, suggesting the continuation of upside momentum, according to Nagaraj Shetti, Technical Research Analyst at HDFC Securities. He sees a buy-on-intraday-dips opportunity in the market now. Immediate resistance at 17,490 of the previous lower top has been surpassed marginally. This is a positive indication, he said. Also Read| Goa CM Pramod Sawant allocates funds for free LPG cylinders,Indian Indices,Sensex rose 740.34 points or 1.28% to 58,683.99 and Nifty was up by 172.95 points or 1.00% to 17,498.25 in the previous session. Sensex touched a high and low of 58,727.78 and 58,176.00, respectively. There were 21 stocks advancing against 9 stocks declining on the index. Nifty traded in a range of 17,522.50 and 17,387.20. There were 32 stocks advancing against 18 stocks declining on the index. Broader Indices,The broader indices ended in green with the BSE Midcap index rising 0.78%, while the Small cap index was up by 1.09%. The top gaining sectoral indices on the BSE were Finance up by 1.71%, Realty up by 1.49%, Bankex up by 1.36%, Industrials up by 1.25% and Auto up by 1.20%, while Metal down by 2.89%, Oil \u0026 Gas down by 0.86%, Basic Materials down by 0.59%, Power-down by 0.40% and Utilities down by 0.37% were the top losing indices on BSE. Also Read| UK, Indian foreign ministers to meet today to discuss Russia-Ukraine war,Support and Resistance levels,The key support level for the Nifty is placed at 17,416, followed by 17,334. If the index moves up, the key resistance levels to watch out for are 17,551 and 17,605, according to pivot charts. SGX Nifty,The trends on SGX Nifty indicate a positive opening for the index in India with a 68-points gain. The Nifty futures were trading at 17,596.20 on the Singaporean Exchange around 06:45 hours IST. Asian Markets,Asian markets finished mixed on Wednesday. The Shanghai Composite gained 1.62% and the Hang Seng rose 1.34%. The Nikkei 225 lost 0.80%. Also Read| Chris Rock holds first show since getting slapped by Will Smith at Oscars,US Markets,The S\u0026P 500 fell 29.15 points, or 0.6%, to 4,602.45. The Dow Jones Industrial Average fell 65.38 points, or 0.2%, to 35,228.81. The Nasdaq fell 177.36 points, or 1.2%, to 14,442.27. The Russell 2000 index of smaller companies fell 42.03 points, or 2%, to 2,091.07. European Markets,European markets finished mixed on Wednesday. The CAC 40 gained 2.31% and the FTSE 100 rose 0.55%. The DAX lost 1.45%. Also Read| 'Will fight for every metre of land', says Zelensky amid Russian 'pullback',Dearness Allowance hiked by 3% for central government employees, effective from Jan 1, 2022,The Union Cabinet on Wednesday hiked Dearness Allowance (DA) and Dearness Relief (DR) by 3% to 34% to benefit over 1.16 crore central government employees and pensioners. The additional instalment will be effective from January 1, 2022, said an official release after the Cabinet meeting. This increase is in accordance with the accepted formula, which is based on the recommendations of the 7th Central Pay Commission, it said. The combined impact on the exchequer on account of both Dearness Allowance and Dearness Relief will be Rs 9,544.50 crore per annum. Also Read| Explained: Dearness Allowance and its types,Axis bank set to acquire Citibank India's retail business,Axis Bank is all set to acquire Citigroup’s retail banking business in India. The deal, expected to be valued at $2.5 billion (Rs 18,000 crore), is likely to be announced soon, according to PTI. With the acquisition of Citibank’s India retail business, the balance sheet of Axis Bank will expand and it will get a larger footprint across India. According to RBI data, Axis Bank has an outstanding credit card base of 8.6 million and Citibank has 2.6 million credit cardholders. Earlier this month, Axis Bank stated it hadn't decided on purchasing Citigroup's India retail business. Axis Bank, Kotak Mahindra Bank and IndusInd Bank were in the race and had submitted binding bids to acquire Citibank’s consumer banking portfolio. Also Read| What it means to pay for natural gas using Russian rubles: Explained,Cabinet okays $808 million program to boost the performance of small and medium-sized enterprises,The Union Cabinet has approved a World Bank-assisted programme worth $808 million to improve the performance of micro, small, and medium enterprises (MSME). The programme, called 'Raising and Accelerating MSME Performance' - or RAMP - will commence in FY23, the government said in a statement on March 30. Of the $808 million, $500 million will be a loan from the World Bank, while the remaining $308 million will come from the Centre. The $500 million loans from the World Bank's International Bank for Reconstruction and Development is for 18.5 years, which includes a grace period of 5.5 years. The RAMP programme was approved by the World Bank's Board of Executive Directors on June 4, 2021. Also Read| Academy says Will Smith refused to leave Oscars as it mulls disciplinary action,SEBI mandates 30 day period for rebalancing portfolios of mutual fund schemes ,Markets regulator Securities Exchange Board of India (SEBI) on Wednesday announced timelines for the rebalancing of portfolios of mutual fund schemes to bring uniformity. SEBI issued a circular that said the rebalancing period would be applicable in the case of deviation from mandated asset allocation mentioned in the Scheme Information Document (SID) due to passive breaches. Generally, passive breaches are not arisen due to omission and commission of Asset Management Companies (AMCs). Rebalancing of all mutual fund schemes, except Index Funds and Exchange Traded Funds (ETFs), must be done within 30 business days. In case, the rebalancing is not done within the required timelines, justification in writing, including details of efforts taken to rebalance the portfolio must be presented to the concerned investment committee. The committee can extend the timelines up to 60 business days from the date of completion of the mandated rebalancing period. SEBI states that AMCs will not be allowed to launch new schemes until the portfolio is rebalanced within the extended timelines. Also Read| Who was Paul Herman, actor of several Oscar-winning movies dead at 76?,Russia, India to consider SWIFT alternative for ruble payments,The Government of India is considering a proposal from Russia to use a system developed by the Russian central bank for bilateral payments as the former seeks to buy oil and weapons from the sanctions battered country, reported Bloomberg. The plan comprises rupee-ruble denominated payments using Russia’s messaging system SPFS, reported Bloomberg citing sourced. There has been no final decision and the matter is likely to be discussed when Russian Foreign Minister Sergei Lavrov will arrive in India for a two-day visit on Thursday. India is keen to continue bilateral trade as it relies on Russia for weapons and cheaper oil as global prices surge. Oil prices have been highly volatile since Russia invaded Ukraine in February. India’s bilateral trade with Russia averages $9 billion in past few years, mainly comprising defence hardware, fertilizer and some oil. Russia is India’s main supplier of India’s hardware. Given the heavy discounts on Russian crude oil since that attack on Ukraine, India has purchased at least 13 million barrels, compared with around 16 million barrels imported from the country for the whole of last year. According to the proposal, rubles will be deposited into an Indian bank and converted into rupees and the same system will work in reverse, said the report. Whether the exchange rate will be fixed or floating is still up for discussion. Also Read| Russia, China set eyes on new 'world order' free of hegemony,Bulk Deal data,NIPPON INDIA MUTUAL FUND sold 51,02,574 shares of RBL Bank Limited at Rs 129.03 per share on NSE. LARSEN \u0026 TOUBRO LIMITED sold 20,00,000 shares in Virescent Renewable Energy at Rs 95.00 per share on the NSE. ROHIT KUTHARI sold 12,64,910 shares of Antarctica Graphics Ltd at Rs 1.42 per share on NSE. NOPEA CAPITAL SERVICES PRIVATE LIMITED bought 97,600 shares in Atal Realtech Limited at Rs 109.00 per share on the NSE. Also Read| Paul Herman, ‘The Sopranos’ and ‘Goodfellas’ star, dead on 76th birthday,YATHART JALAN bought 69,000 shares in Cool Caps Industries Ltd at Rs 42.75 per share on the NSE. MONIT EXIM LLP sold 10,40,000 shares in DEEP ENE RESOURCES LTD at Rs 49.33 per share on the NSE. ENAM FINANCE PVT LTD sold 121,16,368 shares in Future Consumer Ltd at Rs 4.60 per share on the NSE. Orient Green Power Co Ltd sold 50,00,000 shares of JANATI BIO POWER PRIVATE LIMITED at Rs 12.55 per share on NSE. SANJAY AGARWAL sold 2,10,000 shares of Khadim India Limited at Rs 223.88 per share on NSE. Also Read| Severe storms, tornadoes in Deep South of US leave thousands without power,SANTOSH INDUSTRIES LTD sold 9,00,000 shares in Mcleod Russel India Limited at Rs 22.86 per share on the NSE. LAKSHMI GUTTIKONDA VARA bought 6,48,334 shares in Megasoft Limited at Rs 49.00 per share on the NSE. SANJAY CHOWDHRI sold 100,00,000 shares in Supreme Engineering Ltd at Rs 2.50 per share on the NSE. Also Read| Who was Helmut Huber, ‘All My Children’ Star Susan Lucci's husband dead at 84?,DII and FII data,Foreign institutional investors (FIIs) purchased shares worth a net Rs 1,357.47 crore, while domestic institutional investors (DIIs) bought shares worth a net Rs 1,216 crore in the Indian equity market on March 30, as per provisional data available on the NSE. Also Read| New attendance world record set as Barca thrash Real Madrid in Women's CL,NSE F\u0026O Ban,Vodafone Idea is under the F\u0026O ban for March 31. Securities in the ban period under the F\u0026O segment include companies in which the security has crossed 95% of the market-wide position limit.","portalUser":{"id":"MK3GmgLG7wo1","name":"Opoyi Business","username":"OpoyiBusiness","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_D6026Kum9dg.jpg","role":2,"userType":1},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":null,"keywords":"India,NSE,Russia,Axis Bank,Indian,Ukraine,Citibank,Russian,The Union Cabinet,the World Bank's,Sebi,Finance,Nirmala Sitharaman's,Nagaraj Shetti, Technical Research Analyst,HDFC Securities,Trade setup, stock market news, stock news, share market news, sense","originalPublishedOn":"2022-03-31T06:55:00+05:30"}},{"node":{"id":"OZsEAykLCcAY","slug":"english/sebi-mandates-30-day-period-for-rebalancing-portfolios-of-mutual-fund-schemes","slugV2":"business/sebi-mandates-30-day-period-for-rebalancing-portfolios-of-mutual-fund-schemes-474101/","title":"SEBI mandates 30 day period for rebalancing portfolios of mutual fund schemes","postType":1,"coverMedia":"/opoyi_e-nQGlXCbUf.jpg","coverCaption":"SEBI states that AMCs will not be allowed to launch new schemes until the portfolio is rebalanced. (Photo credit: Twitter/ @SEBI_India)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-03-30T23:39:18+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eSEBI announced timelines for the rebalancing of portfolios of mutual fund schemes\u003c/li\u003e\n \u003cli\u003eRebalancing of all mutual fund schemes, except ETFs, must be done within 30 business days\u003c/li\u003e\n \u003cli\u003eThe norms would apply to the main portfolio only\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1648663757641,\\\"strCount\\\":2676,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Markets regulator Securities Exchange Board of India\\\\n(SEBI) on Wednesday announced timelines for the rebalancing of portfolios of\\\\n\u003ca href=\\\\\\\"https://opoyi.com/business/why-mutual-funds-is-a-better-investment-option-than-stocks-266614/\\\\\\\"\u003emutual fund\u003c/a\u003e schemes to bring uniformity.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"SEBI issued a circular that said the rebalancing period\\\\nwould be applicable in the case of deviation from mandated asset allocation mentioned\\\\nin the Scheme Information Document (SID) due to passive breaches.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/russia-india-to-consider-swift-alternative-for-ruble-payments-427584/\\\\\\\"\u003eRussia, India to consider SWIFT alternative for ruble payments\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Generally, passive breaches are not arisen due to\\\\nomission and commission of Asset Management Companies (AMCs). Rebalancing of\\\\nall mutual fund schemes, except Index Funds and Exchange Traded Funds (ETFs),\\\\nmust be done within 30 business days.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/india/dearness-allowance-hiked-by-3-for-central-government-employees-effective-from-jan-1-2022-614794/\\\\\\\"\u003eDearness Allowance hiked by 3% for central government employees, effective from Jan 1, 2022\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"In case, the rebalancing is not done within the required\\\\ntimelines, justification in writing, including details of efforts taken to\\\\nrebalance the portfolio must be presented to the concerned investment\\\\ncommittee. The committee can extend the timelines up to 60 business days from\\\\nthe date of completion of the mandated rebalancing period. SEBI states that\\\\nAMCs will not be allowed to launch new schemes until the portfolio is\\\\nrebalanced within the extended timelines.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/axis-bank-set-to-acquire-citibank-indias-retail-business-179629/\\\\\\\"\u003eAxis bank set to acquire Citibank India's retail business\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Furthermore, they would be prohibited from levying exit\\\\nloads on investors who leave such schemes. At each stage, AMCs are required to\\\\nreport deviations to the trustees concerned.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"SEBI said if the AUM of the deviated portfolio is more\\\\nthan 10% of the AUM of the main portfolio of the scheme then AMCs have to\\\\nimmediately inform about the same to the investors through SMS and\\\\ne-mail/letter, including details of the portfolio not rebalanced. \\\\\\\"AMCs\\\\nshall also have to immediately communicate to investors through SMS and\\\\nemail/letter when the portfolio is rebalanced,\\\\\\\" the regulator said.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/india/rahul-gandhi-slams-pm-narendra-modi-over-rise-in-fuel-prices-355997/\\\\\\\"\u003eRahul Gandhi slams PM Narendra Modi over rise in fuel prices\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The norms would apply to the main portfolio only and not\\\\nto segregated portfolios if any. They would come into effect from July 1, 2022.\\\"}}]}","relatedPosts":null,"location":null,"createdBy":{"name":"Devanshu Singla","photo":"","username":"devanshusingla","id":"aJeiSJdpGmAb","role":null},"topics":[{"name":"SEBI","slug":"sebi","id":"3nLmnZjR2Qlg","isSection":0},{"name":"MutualFunds","slug":"mutualfunds","id":"8UXTB9UhpJmn","isSection":0},{"name":"Markets","slug":"markets","id":"dTaX87T5pmKe","isSection":0},{"name":"Finance","slug":"finance","id":"vdfCkTLQAVNK","isSection":0},{"name":"Investment","slug":"investment","id":"BOGVZOTPlXcL","isSection":0},{"name":"India","slug":"india","id":"Bq4MmUPrXF8p","isSection":1},{"name":"Business","slug":"business","id":"1hd39Bl2AdAV","isSection":1}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Devanshu Singla","id":"aJeiSJdpGmAb","username":"devanshusingla","role":2,"userType":0}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-03-30T23:39:17+05:30","publisher":6,"sourceFeed":null,"cleanText":"Markets regulator Securities Exchange Board of India (SEBI) on Wednesday announced timelines for the rebalancing of portfolios of mutual fund schemes to bring uniformity. SEBI issued a circular that said the rebalancing period would be applicable in the case of deviation from mandated asset allocation mentioned in the Scheme Information Document (SID) due to passive breaches. Also Read | Russia, India to consider SWIFT alternative for ruble payments,Generally, passive breaches are not arisen due to omission and commission of Asset Management Companies (AMCs). Rebalancing of all mutual fund schemes, except Index Funds and Exchange Traded Funds (ETFs), must be done within 30 business days. Also Read | Dearness Allowance hiked by 3% for central government employees, effective from Jan 1, 2022,In case, the rebalancing is not done within the required timelines, justification in writing, including details of efforts taken to rebalance the portfolio must be presented to the concerned investment committee. The committee can extend the timelines up to 60 business days from the date of completion of the mandated rebalancing period. SEBI states that AMCs will not be allowed to launch new schemes until the portfolio is rebalanced within the extended timelines. Also Read | Axis bank set to acquire Citibank India's retail business,Furthermore, they would be prohibited from levying exit loads on investors who leave such schemes. At each stage, AMCs are required to report deviations to the trustees concerned. SEBI said if the AUM of the deviated portfolio is more than 10% of the AUM of the main portfolio of the scheme then AMCs have to immediately inform about the same to the investors through SMS and e-mail/letter, including details of the portfolio not rebalanced. AMCs shall also have to immediately communicate to investors through SMS and email/letter when the portfolio is rebalanced, the regulator said. Also Read | Rahul Gandhi slams PM Narendra Modi over rise in fuel prices,The norms would apply to the main portfolio only and not to segregated portfolios if any. They would come into effect from July 1, 2022.","portalUser":{"id":"MK3GmgLG7wo1","name":"Opoyi Business","username":"OpoyiBusiness","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_D6026Kum9dg.jpg","role":2,"userType":1},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":null,"keywords":"Securities Exchange Board of India,Asset Management Companies,SEBI,rebalancing of mutual fund schemes,Mutual funds,mutual fund schemes, SEBI news,AUM,Business news,MF portfolio rebalancing period","originalPublishedOn":"2022-03-30T23:39:17+05:30"}},{"node":{"id":"T7SppDRC3wRp","slug":"english/reliance-infra-rpower-stocks-tank-as-anil-ambani-quits-boards-of-group-firms","slugV2":"business/reliance-infra-rpower-stocks-tank-as-anil-ambani-quits-boards-of-group-firms-551258/","title":"Stocks tank as Anil Ambani quits boards of group firms","postType":1,"coverMedia":"/opoyi_EAm-ObQ4c-K.jpg","coverCaption":"SEBI barred Reliance Home Finance, Anil Ambani, and three other persons from the securities market in February for allegedly malpractices. (Photo credit: Representational/ Unsplash)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-03-28T11:11:08+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eReliance Power shares hit the lower circuit at Rs 12.35 down 4.9%\u003c/li\u003e\n \u003cli\u003eReliance Infrastructure shares fell 8.7% to Rs 99.65\u003c/li\u003e\n \u003cli\u003eRahul Sarin was appointed additional director for a term of five years on Friday\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1648446068018,\\\"strCount\\\":3348,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Reliance Power shares hit the lower circuit at Rs 12.35 down 4.9% while Reliance Infrastructure shares fell 8.7% to Rs 99.65 after the Reliance Group Chairman \u003ca href=\\\\\\\"https://opoyi.com/india/anil-ambani-steps-down-from-boards-of-r-infra-reliance-power-after-sebi-notice-271596/\\\\\\\"\u003eAnil Ambani on Friday resigned as director of the companies\u003c/a\u003e a Securities and Exchange Board of India (SEBI) order restraining him from associating with any listed company.\u0026nbsp;\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/world/asia-stocks-dip-oil-prices-fall-on-shanghai-shutdown-673721/\\\\\\\"\u003eAsia stocks dip, oil prices fall on Shanghai shutdown\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\\\\\\\"Anil D Ambani, the non-executive director, steps down from the board of Reliance Power in compliance with the \u003ca href=\\\\\\\"https://opoyi.com/topics/sebi/\\\\\\\"\u003eSEBI\u003c/a\u003e interim order,\\\\\\\" Reliance Power said in a BSE filing. In a separate filing to the stock exchange, Reliance Infrastructure said that Anil Ambani has stepped down from its board \\\\\\\"in compliance with the SEBI interim order\\\\\\\".\u0026nbsp;\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/banking-services-may-be-disrupted-due-to-nationwide-strike-on-march-28-29-507845/\\\\\\\"\u003eBanking services may be disrupted due to nationwide strike on March 28-29\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"SEBI barred Reliance Home Finance, Anil Ambani, and three other persons from the securities market in February for allegedly malpractices. Ambani and three others were also barred from \\\\\\\"associating themselves with any intermediary registered with SEBI, any listed public company, or acting directors/promoters of any public company intending to raise money from the public till further orders.\\\\\\\"\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/fuel-prices-petrol-priced-at-rs-9941-diesel-rs-9077-in-delhi-on-march-28-2022-316722/\\\\\\\"\u003eFuel prices: Petrol priced at Rs 99.41, diesel Rs 90.77 in Delhi on March 28, 2022\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Rahul Sarin was appointed additional director in the capacity of independent director for a term of five years on the boards of Reliance Power and Reliance Infra on Friday, subject to the approval of members at the general meeting, according to the two Reliance Group companies.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/trending-stocks-reliance-vedanta-pvr-mm-emami-and-others-in-news-today-213232/\\\\\\\"\u003eTrending Stocks: Reliance, Vedanta, PVR, M\u0026amp;M, Emami and others in news today\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Reliance Infrastructure (RInfra) reported a consolidated net loss of Rs 106.91 crore for the quarter ended December 31, 2021. The company had logged a net profit of Rs 80.08 crore in the year-ago period, RInfra said in a filing to the BSE. Total income from operations rose to Rs 4,281.45 crore compared to Rs 4,010.59 crore in the corresponding quarter of the previous fiscal year, it said. Total expenses during the quarter under review dropped to Rs 4,828 crore from Rs 4,950.69 crore.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/india/trade-setup-top-15-things-to-know-before-market-opens-on-march-28-2022-374633/\\\\\\\"\u003eTrade Setup: Top 15 things to know before market opens on March 28, 2022\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Reliance Power reported a loss of Rs 13.93 crore for the December 2021 quarter, mainly due to lower revenues. The company had posted a consolidated net profit of Rs 52.29 crore for the quarter ended December 31, 2020, it said in a BSE filing. Total income dipped to Rs 1,858.93 crore in the quarter from Rs 2,006.66 crore in the same period a year ago.\\\"}}]}","relatedPosts":null,"location":null,"createdBy":{"name":"Yash Sadhak Shrivastava","photo":"https://opoyi.com/images/opoyi_YTc6hxpHI.jpg?tr=w-600,q-70,dpr","username":"yashsadhak","id":"hVr8BLevnFNI","role":null},"topics":[{"name":"AnilAmbani","slug":"anilambani","id":"spuQlvFzWNSM","isSection":0},{"name":"Reliance","slug":"reliance","id":"FTQXxryu1asz","isSection":0},{"name":"StockMarket","slug":"stockmarket","id":"vHCI0WQLTd1o","isSection":0},{"name":"Nifty","slug":"nifty","id":"2JvkXElbbqnQ","isSection":0},{"name":"Sensex","slug":"sensex","id":"MhfKMlGWFTBF","isSection":0},{"name":"ShareMarket","slug":"sharemarket","id":"PkCsd9oT2rCN","isSection":0},{"name":"SEBI","slug":"sebi","id":"3nLmnZjR2Qlg","isSection":0},{"name":"ambani","slug":"ambani","id":"GsXV1lT0Aj98","isSection":0}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Yash Sadhak Shrivastava","id":"hVr8BLevnFNI","username":"yashsadhak","role":2,"userType":0}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-03-28T11:10:50+05:30","publisher":6,"sourceFeed":null,"cleanText":"Reliance Power shares hit the lower circuit at Rs 12.35 down 4.9% while Reliance Infrastructure shares fell 8.7% to Rs 99.65 after the Reliance Group Chairman Anil Ambani on Friday resigned as director of the companies a Securities and Exchange Board of India (SEBI) order restraining him from associating with any listed company. ,Also Read| Asia stocks dip, oil prices fall on Shanghai shutdown,Anil D Ambani, the non-executive director, steps down from the board of Reliance Power in compliance with the SEBI interim order, Reliance Power said in a BSE filing. In a separate filing to the stock exchange, Reliance Infrastructure said that Anil Ambani has stepped down from its board in compliance with the SEBI interim order. ,Also Read| Banking services may be disrupted due to nationwide strike on March 28-29,SEBI barred Reliance Home Finance, Anil Ambani, and three other persons from the securities market in February for allegedly malpractices. Ambani and three others were also barred from associating themselves with any intermediary registered with SEBI, any listed public company, or acting directors/promoters of any public company intending to raise money from the public till further orders. Also Read| Fuel prices: Petrol priced at Rs 99.41, diesel Rs 90.77 in Delhi on March 28, 2022,Rahul Sarin was appointed additional director in the capacity of independent director for a term of five years on the boards of Reliance Power and Reliance Infra on Friday, subject to the approval of members at the general meeting, according to the two Reliance Group companies. Also Read| Trending Stocks: Reliance, Vedanta, PVR, M\u0026M, Emami and others in news today,Reliance Infrastructure (RInfra) reported a consolidated net loss of Rs 106.91 crore for the quarter ended December 31, 2021. The company had logged a net profit of Rs 80.08 crore in the year-ago period, RInfra said in a filing to the BSE. Total income from operations rose to Rs 4,281.45 crore compared to Rs 4,010.59 crore in the corresponding quarter of the previous fiscal year, it said. Total expenses during the quarter under review dropped to Rs 4,828 crore from Rs 4,950.69 crore. Also Read| Trade Setup: Top 15 things to know before market opens on March 28, 2022,Reliance Power reported a loss of Rs 13.93 crore for the December 2021 quarter, mainly due to lower revenues. The company had posted a consolidated net profit of Rs 52.29 crore for the quarter ended December 31, 2020, it said in a BSE filing. Total income dipped to Rs 1,858.93 crore in the quarter from Rs 2,006.66 crore in the same period a year ago.","portalUser":{"id":"MK3GmgLG7wo1","name":"Opoyi Business","username":"OpoyiBusiness","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_D6026Kum9dg.jpg","role":2,"userType":1},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":null,"keywords":"Reliance Power,Reliance Group,Anil Ambani,Reliance Infrastructure,Securities and Exchange Board of India,Anil D Ambani,Reliance Home Finance,Ambani,SEBI,Rahul Sarin,rpower share price, rinfra share price","originalPublishedOn":"2022-03-28T11:10:50+05:30"}},{"node":{"id":"JpbyyhnH6AKP","slug":"english/trade-setup-top-15-things-to-know-before-market-opens-on-march-28-2022","slugV2":"india/trade-setup-top-15-things-to-know-before-market-opens-on-march-28-2022-374633/","title":"Trade Setup: Top 15 things to know before market opens on March 28, 2022","postType":1,"coverMedia":"/opoyi_6er7ot6pv.jpg","coverCaption":"The broader indices ended in red with the BSE Mid cap index falling 0.36%, while the Small cap index was down by 0.33%. (Photo credit: Pixabay/Representative image)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-03-28T06:45:00+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eSensex fell 233.48 points or 0.41% to 57,362.20 and Nifty was down by 69.75 points or 0.40% to 17,153.00\u003c/li\u003e\n \u003cli\u003eFIIs sold shares worth a net Rs 1,507.37 crore while DIIs bought shares worth a net Rs 1,373.02 crore\u003c/li\u003e\n \u003cli\u003eThe trends on SGX Nifty indicate a negative opening for the index in India\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1648429520059,\\\"strCount\\\":12821,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/topics/indian/\\\\\\\"\u003eIndian\u003c/a\u003e equity indexes closed lower by approximately half a per cent on Friday, extending their losses to the third day, led down by Consumer Durables, Capital Goods, and FMCG sectors. Markets began marginally higher but failed to consolidate gains and quickly fell below natural lines, as the UN Conference on Trade and Development (UNCTAD) reduced India's economic growth forecast for 2022 by more than 2% to 4.6% from 6.7% before.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Nifty50 has formed a small negative candle on the daily chart with a lower shadow, having moved within a narrow range of 17,400-17,000 in the past five sessions, according to Nagaraj Shetti, Technical Research Analyst at HDFC Securities.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"A decisive move outside of the range can be expected going forward, according to Shetti.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/topics/closingbell/\\\\\\\"\u003e\u003cb\u003eIndian Indices\u003c/b\u003e\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Sensex fell 233.48 points or 0.41% to 57,362.20 and Nifty was down by 69.75 points or 0.40% to 17,153.00 in the previous session. Sensex touched high and low of 57,845.37 and 57,100.24, respectively. There were 8 stocks advancing against 22 stocks declining on the index. Nifty traded in a range of 17,294.90 and 17,076.55. There were 13 stocks advancing against 37 stocks declining on the index.\u0026nbsp;\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eBroader Indices\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The broader indices ended in red with the BSE Midcap index falling 0.36%, while the Small cap index was down by 0.33%. The top gaining sectoral indices on the BSE were Realty up by 1.21%, Utilities up by 0.31%, Power up by 0.18%, Energy up by 0.14% and Oil \u0026amp; Gas up by 0.13%, while Consumer Durables down by 2.28%, Capital Goods down by 0.95%, FMCG down by 0.72%, IT down by 0.68%, Auto down by 0.63% were the losing indices on BSE.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eSupport and Resistance levels\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The key support level for the Nifty is placed at 17,055, followed by 16,957. If the index moves up, the key resistance levels to watch out for are 17,273 and 17,393, according to pivot charts.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eSGX Nifty\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The trends on SGX Nifty indicate a negative opening for the index in \u003ca href=\\\\\\\"https://opoyi.com/india/\\\\\\\"\u003eIndia\u003c/a\u003e with a 31-points loss. The Nifty futures were trading at 17,238.80 on the Singaporean Exchange around 06:35 hours IST.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eAsian Markets\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Asian markets finished mixed on Friday. The Nikkei 225 gained 0.14%, while the Hang Seng led the \u003ca href=\\\\\\\"https://opoyi.com/topics/shanghai/\\\\\\\"\u003eShanghai\u003c/a\u003e Composite lower. They fell 2.47% and 1.46% respectively.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/topics/nasdaq/\\\\\\\"\u003e\u003cb\u003eUS Markets\u003c/b\u003e\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The S\u0026amp;P 500 rose 22.90 points, or 0.5%, to 4,543.06.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Dow Jones Industrial Average rose 153.30 points, or 0.4%, to 34,861.24.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Nasdaq fell 22.54 points, or 0.2%, to 14,169.30.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Russell 2000 index of smaller companies rose 2.54 points, or 0.1%, to 2,077.98.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eEuropean Markets\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"European markets finished broadly higher on Friday with shares in \u003ca href=\\\\\\\"https://opoyi.com/topics/france/\\\\\\\"\u003eFrance\u003c/a\u003e leading the region. The CAC 40 was up 2.88% while Germany's DAX was up 0.22% and London's FTSE 100 was up 0.21%.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/india/anil-ambani-steps-down-from-boards-of-r-infra-reliance-power-after-sebi-notice-271596/\\\\\\\"\u003e\u003cb\u003eAnil Ambani steps down from boards of R-Infra, Reliance Power after \u003c/b\u003e\u003c/a\u003e\u003cb\u003e\u003ca href=\\\\\\\"https://opoyi.com/topics/sebi/\\\\\\\"\u003eSEBI\u003c/a\u003e notice\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/india/anil-ambani-among-potential-pegasus-spyware-targets-report-128534/\\\\\\\"\u003eAnil Ambani\u003c/a\u003e resigned as director from the boards of \u003ca href=\\\\\\\"https://opoyi.com/business/ambanis-relocating-to-london-reliance-clears-air-348901/\\\\\\\"\u003eReliance\u003c/a\u003e Infrastructure Ltd and Reliance Power Ltd on Friday evening, a month after the \u003ca href=\\\\\\\"https://opoyi.com/india/sebi-makes-separation-of-cmd-ceo-roles-from-mandatory-to-voluntary-531613/\\\\\\\"\u003eSecurities and Exchange Board of India\u003c/a\u003e (Sebi) ordered him and other directors of Reliance Home Finance Ltd to resign from any listed business with immediate effect. The two firms said in exchange filings that \\\\\\\"the board looks forward to an early closure of the matter and inviting Mr Ambani back to provide his vision and leadership to the company in the interest of all stakeholders.\\\\\\\" “The board noted that during the past year, the company has created immense value for its around 800,000 shareholders with the stock price increasing from a low of Rs. 32 to a high of Rs. 150,\\\\\\\" according to the exchange filing, Reliance Infrastructure. Reliance Power attributed Ambani's leadership to the stock's rise from a low of Rs. 4 to a high of Rs. 19 in a year. The regulator barred Ambani, Amit Bapna, Ravindra Sudhalkar, and Pinkesh R. Shah from engaging with any listed business, acting as their directors, or associating with any market intermediary in an interim ruling issued on February 11 in the case of Reliance Home Finance Ltd.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/business/finance-bill-2022-passed-in-lok-sabha-marking-completion-of-budgetary-session-361724/\\\\\\\"\u003e\u003cb\u003eFinance Bill 2022 passed in Lok sabha, marking completion of budgetary session\u003c/b\u003e\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Marking the completion of the Budgetary exercise for the 2022-23 fiscal year, the Lok Sabha on March 25 passed the Finance Bill, which gives effect to the new taxation policy. The lower house approved the Finance Bill after accepting 39 official amendments proposed by the Finance Minister Nirmala Sitharaman and rejecting the amendments proposed by the opposition by voice votes. India was probably the only country that has not put any new taxes to fund the recovery of the economy hit by the Covid-19 pandemic, said Sitharaman while replying to a discussion on the Finance Bill. According to an \u003ca href=\\\\\\\"https://opoyi.com/topics/oecd/\\\\\\\"\u003eOECD\u003c/a\u003e report, as many as 32 countries have raised taxes after the pandemic, she added. “We as a government strongly believe in lowering taxes, bringing the burden on common man lower, and we are continuously and successfully doing it,” the Finance Minister said. While referring to the Budget’s focus on increasing capital expenditure, she said \\\\\\\"Instead, we put more money where multiplier effect would be maximum”. In \u003ca href=\\\\\\\"https://opoyi.com/topics/budget/\\\\\\\"\u003eBudget\u003c/a\u003e 2022-23, the capital expenditure (Capex) was raised by 35.4% to Rs 7.5 lakh crore to continue the public investment-led recovery of the economy from the pandemic.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eVedanta board approves investment in Cairn Oil \u0026amp; Gas, Zinc International \u0026amp; ESL Steel Limited\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Vedanta Limited has said in a regulatory filing that the board of directors of the company at their meeting held on March 25 approved investments in three projects. The projects approved by the Vedanta board are related to\u0026nbsp; Cairn Oil \u0026amp; Gas, Zinc International - Gamsberg Phase-2 Project; and ESL Steel Limited's 3 MTPA growth project. \\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Vedanta said in the regulatory filing that the strategic priority for the Cairn Oil \u0026amp; Gas business will be to increase near term volume through infill wells and add resources through exploration. It added: “In order to deliver this, the Board of Directors have approved Capex investment (net) of $687 million. Of these, $360 million have been earmarked for infill wells in the prolific fields viz Mangala, Bhagyam, Aishwariya, Aishwariya Barmer Hill, Ravva, etc. The exploration work programme with Capex investment of $327 million shall be spread across the OALP blocks and PSC blocks including pilot wells for Shale.” \\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Zinc International - Gamsberg Phase-2 Project: \\\\\\\"Gamsberg Phase II Expansion Project at cost of $466 million will double up Gamsberg capacity from 4Mtpa Ore to 8Mtpa to produce additional 200ktpa MiC Zinc. This project will bring significant socio-economic benefit and will make Vedanta Zinc International as largest zinc producer of South Africa,” the company said.\u0026nbsp;\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"ESL Steel Limited - 3 MTPA growth Project According to Vedanta, “the steel expansion project with an investment of USD 348 Mn comes with additional Blast Furnace of 1050 m3 supported by 0.5 MTPA Coke Ovens, 1.8 MTPA Pellet Plant, 800 TPD Oxygen Plant and other auxiliaries and infrastructure up-gradation including Railway siding to Plant's head. This project also comes with a new 0.18 MTPA Ductile Iron Pipe Plant which will help us to maximize VAP. This project along with debottlenecking of BF#3, Sinter Plants \u0026amp; new LRF will take us to the capacity of 3 MTPA with the lowest quartile cost and premium product portfolio.”\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eFPI outflow exceeds Rs 1 lakh crore mark in 2022\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Overseas investors have pulled out a net Rs 1,14,855.97 crore from the Indian markets in the current year so far, amid heightened geopolitical tensions and inflation concerns. Foreign portfolio investors have sold domestic equities worth Rs 48,261.65 crore so far this month, taking the year-to-date tally this year to a massive Rs 1,14,855.97 crore, according to depositories data. The exodus of foreign investors was largely owing to inflationary pressures and deepening global macroeconomic conditions following the Russia-Ukraine war, experts said. This is for the sixth straight month that foreign institutional investors have offloaded their holdings on a net basis in the Indian equity market. As per depositories data, foreign investors pulled out Rs 28,526.30 crore from Indian equities in January, Rs 38,068.02 crore in February and Rs 48,261.65 crore in March so far. \\\\\\\"The Indian equity markets continue to be in a grind, influenced by and reacting to incremental news flow on the global front, especially related to the geopolitical situation and Fed rhetoric. The two key challenges and monitorable for the markets in the near term are the persistent inflationary pressures and the rising bond yields,\\\\\\\" said Milind Muchhala, Executive Director, Julius Baer.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003ePVR and INOX have announced a merger, with Ajay Bijli serving as the merged entity's MD\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"PVR and INOX on March 27 announced a merger after the Board of Directors of PVR Limited and INOX Leisure Limited at their respective meetings held yesterday, approved an all-stock amalgamation of INOX with PVR. It was also decided that Ajay Bijli will be the Managing Director of the combined entity and Sanjeev Kumar would be appointed as the Executive Director. Chairman of INOX Group Pavan Kumar Jain will be appointed as the Non-Executive Chairman of the Board. Siddharth Jain will be appointed as Non-Executive Non-Independent Director in the combined entity, said the two firms in an exchange filing. The amalgamation is subject to the approval of the shareholders of PVR and INOX respectively, stock exchanges, SEBI, and such other regulatory approvals as may be required. EY is the financial advisor on the transaction. Upon obtaining all approvals, when the merger becomes effective, INOX will merge with PVR. Shareholders of INOX will receive shares of PVR in exchange for shares in INOX at the approved share exchange (swap) ratio. Post the merger, PVR promoters will have a 10.62% stake while INOX promoters will have a 16.66% stake in the combined entity. PVR currently operates 871 screens across 181 properties in 73 cities and INOX operates 675 screens across 160 properties in 72 cities the combined entity will become the largest film exhibition company in India with 1,546 screens across 341 properties across 109 cities.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/topics/bulkdeal/\\\\\\\"\u003e\u003cb\u003eBulk Deal data\u003c/b\u003e\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"MAHASHALI TRADEWING LLP bought 1,31,563 shares in Akash Infra-Projects Ltd at Rs 69.50 per share on the \u003ca href=\\\\\\\"https://opoyi.com/topics/nse/\\\\\\\"\u003eNSE\u003c/a\u003e.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"SURESHBHAI KANJIBHAI PATEL bought 1,40,000 shares in Art Nirman Limited at Rs 74.97 per share on the NSE.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"VIJAYGOPAL PARASRAM ATAL sold 2,80,000 shares in Atal Realtech Limited at Rs 103.40 per share on the NSE.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"POONAWALLA CONSTRUCTIONS LLP sold 2,30,820 shares in BSE Limited at Rs 891.88 per share on the NSE.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"CROMPTON GREAVES CONSUMER ELECTRICALS LIMITED bought 98,33,754 shares of Btrfly Gandhi Appl Ltd at Rs 1403.00 per share on NSE.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"ASHISH SHARADKUMAR NEMANI sold 5,00,000 shares of Vaishali Pharma Limited at Rs 65.25 per share on NSE.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"KARAKORAM LIMITED sold 25,32,270 shares in Vijaya Diagnostic Cen Ltd at Rs 445.00 per share on the NSE.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"LAKSHMI GUTTIKONDA VARA sold 6,35,000 shares in Megasoft Limited at Rs 50.50 per share on the NSE.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/topics/fiianddii/\\\\\\\"\u003e\u003cb\u003eDII and FII data\u003c/b\u003e\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Foreign institutional investors (FIIs) sold shares worth a net Rs 1,507.37 crore, while domestic institutional investors (DIIs) bought shares worth a net Rs 1,373.02 crore in the Indian equity market on March 25, as per provisional data available on the NSE.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/topics/foban/\\\\\\\"\u003e\u003cb\u003eNSE F\u0026amp;O Ban\u003c/b\u003e\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Indiabulls Housing Finance, Vodafone Idea, L\u0026amp;T Finance Holdings, SAIL, and Sun TV Network are under the F\u0026amp;O ban for March 28. Securities in the ban period under the F\u0026amp;O segment include companies in which the security has crossed 95% of the market-wide position limit.\\\"}}]}","relatedPosts":null,"location":null,"createdBy":{"name":"Yash Sadhak Shrivastava","photo":"https://opoyi.com/images/opoyi_YTc6hxpHI.jpg?tr=w-600,q-70,dpr","username":"yashsadhak","id":"hVr8BLevnFNI","role":null},"topics":[{"name":"TradeSetup","slug":"tradesetup","id":"odcbbjEYtYHE","isSection":0},{"name":"StockMarket","slug":"stockmarket","id":"vHCI0WQLTd1o","isSection":0},{"name":"Sensex","slug":"sensex","id":"MhfKMlGWFTBF","isSection":0},{"name":"BSE","slug":"bse","id":"2seBd7Lyb8z6","isSection":0},{"name":"NSE","slug":"nse","id":"74WQDLQfPQDQ","isSection":0},{"name":"Nifty","slug":"nifty","id":"2JvkXElbbqnQ","isSection":0},{"name":"ShareMarket","slug":"sharemarket","id":"PkCsd9oT2rCN","isSection":0},{"name":"France","slug":"france","id":"aF0AipAbPtoh","isSection":0},{"name":"f","slug":"f","id":"6hjVK8gTjJ0j","isSection":0},{"name":"India","slug":"india","id":"Bq4MmUPrXF8p","isSection":1},{"name":"Shanghai","slug":"shanghai","id":"xMXKjwe1VUvc","isSection":0},{"name":"indian","slug":"indian","id":"YTJpdaKq5t2z","isSection":0},{"name":"SEBI","slug":"sebi","id":"3nLmnZjR2Qlg","isSection":0},{"name":"AnilAmbani","slug":"anilambani","id":"spuQlvFzWNSM","isSection":0},{"name":"Russia","slug":"russia","id":"ZdjTIzNom80K","isSection":0},{"name":"UnionBudget2021","slug":"budget","id":"FIZlXh8mU3DG","isSection":0},{"name":"LokSabha","slug":"loksabha","id":"9YkAEucTn6NK","isSection":0},{"name":"NirmalaSitharaman","slug":"nirmalasitharaman","id":"lrmXa26Ltafh","isSection":0},{"name":"OECD","slug":"oecd","id":"YhjCZFwbE1fV","isSection":0},{"name":"Germany","slug":"germany","id":"OAY7kVupDf3P","isSection":0},{"name":"SAIL","slug":"sail","id":"AkhJ9kWsmnlm","isSection":0}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Yash Sadhak Shrivastava","id":"hVr8BLevnFNI","username":"yashsadhak","role":2,"userType":0}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-03-28T06:45:00+05:30","publisher":6,"sourceFeed":null,"cleanText":"Indian equity indexes closed lower by approximately half a per cent on Friday, extending their losses to the third day, led down by Consumer Durables, Capital Goods, and FMCG sectors. Markets began marginally higher but failed to consolidate gains and quickly fell below natural lines, as the UN Conference on Trade and Development (UNCTAD) reduced India's economic growth forecast for 2022 by more than 2% to 4.6% from 6.7% before. The Nifty50 has formed a small negative candle on the daily chart with a lower shadow, having moved within a narrow range of 17,400-17,000 in the past five sessions, according to Nagaraj Shetti, Technical Research Analyst at HDFC Securities. A decisive move outside of the range can be expected going forward, according to Shetti. Indian Indices,Sensex fell 233.48 points or 0.41% to 57,362.20 and Nifty was down by 69.75 points or 0.40% to 17,153.00 in the previous session. Sensex touched high and low of 57,845.37 and 57,100.24, respectively. There were 8 stocks advancing against 22 stocks declining on the index. Nifty traded in a range of 17,294.90 and 17,076.55. There were 13 stocks advancing against 37 stocks declining on the index. ,Broader Indices,The broader indices ended in red with the BSE Midcap index falling 0.36%, while the Small cap index was down by 0.33%. The top gaining sectoral indices on the BSE were Realty up by 1.21%, Utilities up by 0.31%, Power up by 0.18%, Energy up by 0.14% and Oil \u0026 Gas up by 0.13%, while Consumer Durables down by 2.28%, Capital Goods down by 0.95%, FMCG down by 0.72%, IT down by 0.68%, Auto down by 0.63% were the losing indices on BSE. Support and Resistance levels,The key support level for the Nifty is placed at 17,055, followed by 16,957. If the index moves up, the key resistance levels to watch out for are 17,273 and 17,393, according to pivot charts. SGX Nifty,The trends on SGX Nifty indicate a negative opening for the index in India with a 31-points loss. The Nifty futures were trading at 17,238.80 on the Singaporean Exchange around 06:35 hours IST. Asian Markets,Asian markets finished mixed on Friday. The Nikkei 225 gained 0.14%, while the Hang Seng led the Shanghai Composite lower. They fell 2.47% and 1.46% respectively. US Markets,The S\u0026P 500 rose 22.90 points, or 0.5%, to 4,543.06. The Dow Jones Industrial Average rose 153.30 points, or 0.4%, to 34,861.24. The Nasdaq fell 22.54 points, or 0.2%, to 14,169.30. The Russell 2000 index of smaller companies rose 2.54 points, or 0.1%, to 2,077.98. European Markets,European markets finished broadly higher on Friday with shares in France leading the region. The CAC 40 was up 2.88% while Germany's DAX was up 0.22% and London's FTSE 100 was up 0.21%. Anil Ambani steps down from boards of R-Infra, Reliance Power after SEBI notice,Anil Ambani resigned as director from the boards of Reliance Infrastructure Ltd and Reliance Power Ltd on Friday evening, a month after the Securities and Exchange Board of India (Sebi) ordered him and other directors of Reliance Home Finance Ltd to resign from any listed business with immediate effect. The two firms said in exchange filings that the board looks forward to an early closure of the matter and inviting Mr Ambani back to provide his vision and leadership to the company in the interest of all stakeholders. “The board noted that during the past year, the company has created immense value for its around 800,000 shareholders with the stock price increasing from a low of Rs. 32 to a high of Rs. 150, according to the exchange filing, Reliance Infrastructure. Reliance Power attributed Ambani's leadership to the stock's rise from a low of Rs. 4 to a high of Rs. 19 in a year. The regulator barred Ambani, Amit Bapna, Ravindra Sudhalkar, and Pinkesh R. Shah from engaging with any listed business, acting as their directors, or associating with any market intermediary in an interim ruling issued on February 11 in the case of Reliance Home Finance Ltd. Finance Bill 2022 passed in Lok sabha, marking completion of budgetary session,Marking the completion of the Budgetary exercise for the 2022-23 fiscal year, the Lok Sabha on March 25 passed the Finance Bill, which gives effect to the new taxation policy. The lower house approved the Finance Bill after accepting 39 official amendments proposed by the Finance Minister Nirmala Sitharaman and rejecting the amendments proposed by the opposition by voice votes. India was probably the only country that has not put any new taxes to fund the recovery of the economy hit by the Covid-19 pandemic, said Sitharaman while replying to a discussion on the Finance Bill. According to an OECD report, as many as 32 countries have raised taxes after the pandemic, she added. “We as a government strongly believe in lowering taxes, bringing the burden on common man lower, and we are continuously and successfully doing it,” the Finance Minister said. While referring to the Budget’s focus on increasing capital expenditure, she said Instead, we put more money where multiplier effect would be maximum”. In Budget 2022-23, the capital expenditure (Capex) was raised by 35.4% to Rs 7.5 lakh crore to continue the public investment-led recovery of the economy from the pandemic. Vedanta board approves investment in Cairn Oil \u0026 Gas, Zinc International \u0026 ESL Steel Limited,Vedanta Limited has said in a regulatory filing that the board of directors of the company at their meeting held on March 25 approved investments in three projects. The projects approved by the Vedanta board are related to Cairn Oil \u0026 Gas, Zinc International - Gamsberg Phase-2 Project; and ESL Steel Limited's 3 MTPA growth project. ,Vedanta said in the regulatory filing that the strategic priority for the Cairn Oil \u0026 Gas business will be to increase near term volume through infill wells and add resources through exploration. It added: “In order to deliver this, the Board of Directors have approved Capex investment (net) of $687 million. Of these, $360 million have been earmarked for infill wells in the prolific fields viz Mangala, Bhagyam, Aishwariya, Aishwariya Barmer Hill, Ravva, etc. The exploration work programme with Capex investment of $327 million shall be spread across the OALP blocks and PSC blocks including pilot wells for Shale.” ,Zinc International - Gamsberg Phase-2 Project: Gamsberg Phase II Expansion Project at cost of $466 million will double up Gamsberg capacity from 4Mtpa Ore to 8Mtpa to produce additional 200ktpa MiC Zinc. This project will bring significant socio-economic benefit and will make Vedanta Zinc International as largest zinc producer of South Africa,” the company said. ,ESL Steel Limited - 3 MTPA growth Project According to Vedanta, “the steel expansion project with an investment of USD 348 Mn comes with additional Blast Furnace of 1050 m3 supported by 0.5 MTPA Coke Ovens, 1.8 MTPA Pellet Plant, 800 TPD Oxygen Plant and other auxiliaries and infrastructure up-gradation including Railway siding to Plant's head. This project also comes with a new 0.18 MTPA Ductile Iron Pipe Plant which will help us to maximize VAP. This project along with debottlenecking of BF#3, Sinter Plants \u0026 new LRF will take us to the capacity of 3 MTPA with the lowest quartile cost and premium product portfolio.”,FPI outflow exceeds Rs 1 lakh crore mark in 2022,Overseas investors have pulled out a net Rs 1,14,855.97 crore from the Indian markets in the current year so far, amid heightened geopolitical tensions and inflation concerns. Foreign portfolio investors have sold domestic equities worth Rs 48,261.65 crore so far this month, taking the year-to-date tally this year to a massive Rs 1,14,855.97 crore, according to depositories data. The exodus of foreign investors was largely owing to inflationary pressures and deepening global macroeconomic conditions following the Russia-Ukraine war, experts said. This is for the sixth straight month that foreign institutional investors have offloaded their holdings on a net basis in the Indian equity market. As per depositories data, foreign investors pulled out Rs 28,526.30 crore from Indian equities in January, Rs 38,068.02 crore in February and Rs 48,261.65 crore in March so far. The Indian equity markets continue to be in a grind, influenced by and reacting to incremental news flow on the global front, especially related to the geopolitical situation and Fed rhetoric. The two key challenges and monitorable for the markets in the near term are the persistent inflationary pressures and the rising bond yields, said Milind Muchhala, Executive Director, Julius Baer. PVR and INOX have announced a merger, with Ajay Bijli serving as the merged entity's MD,PVR and INOX on March 27 announced a merger after the Board of Directors of PVR Limited and INOX Leisure Limited at their respective meetings held yesterday, approved an all-stock amalgamation of INOX with PVR. It was also decided that Ajay Bijli will be the Managing Director of the combined entity and Sanjeev Kumar would be appointed as the Executive Director. Chairman of INOX Group Pavan Kumar Jain will be appointed as the Non-Executive Chairman of the Board. Siddharth Jain will be appointed as Non-Executive Non-Independent Director in the combined entity, said the two firms in an exchange filing. The amalgamation is subject to the approval of the shareholders of PVR and INOX respectively, stock exchanges, SEBI, and such other regulatory approvals as may be required. EY is the financial advisor on the transaction. Upon obtaining all approvals, when the merger becomes effective, INOX will merge with PVR. Shareholders of INOX will receive shares of PVR in exchange for shares in INOX at the approved share exchange (swap) ratio. Post the merger, PVR promoters will have a 10.62% stake while INOX promoters will have a 16.66% stake in the combined entity. PVR currently operates 871 screens across 181 properties in 73 cities and INOX operates 675 screens across 160 properties in 72 cities the combined entity will become the largest film exhibition company in India with 1,546 screens across 341 properties across 109 cities. Bulk Deal data,MAHASHALI TRADEWING LLP bought 1,31,563 shares in Akash Infra-Projects Ltd at Rs 69.50 per share on the NSE. SURESHBHAI KANJIBHAI PATEL bought 1,40,000 shares in Art Nirman Limited at Rs 74.97 per share on the NSE. VIJAYGOPAL PARASRAM ATAL sold 2,80,000 shares in Atal Realtech Limited at Rs 103.40 per share on the NSE. POONAWALLA CONSTRUCTIONS LLP sold 2,30,820 shares in BSE Limited at Rs 891.88 per share on the NSE. CROMPTON GREAVES CONSUMER ELECTRICALS LIMITED bought 98,33,754 shares of Btrfly Gandhi Appl Ltd at Rs 1403.00 per share on NSE. ASHISH SHARADKUMAR NEMANI sold 5,00,000 shares of Vaishali Pharma Limited at Rs 65.25 per share on NSE. KARAKORAM LIMITED sold 25,32,270 shares in Vijaya Diagnostic Cen Ltd at Rs 445.00 per share on the NSE. LAKSHMI GUTTIKONDA VARA sold 6,35,000 shares in Megasoft Limited at Rs 50.50 per share on the NSE. DII and FII data,Foreign institutional investors (FIIs) sold shares worth a net Rs 1,507.37 crore, while domestic institutional investors (DIIs) bought shares worth a net Rs 1,373.02 crore in the Indian equity market on March 25, as per provisional data available on the NSE. NSE F\u0026O Ban,Indiabulls Housing Finance, Vodafone Idea, L\u0026T Finance Holdings, SAIL, and Sun TV Network are under the F\u0026O ban for March 28. Securities in the ban period under the F\u0026O segment include companies in which the security has crossed 95% of the market-wide position limit.","portalUser":{"id":"MK3GmgLG7wo1","name":"Opoyi Business","username":"OpoyiBusiness","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_D6026Kum9dg.jpg","role":2,"userType":1},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":null,"keywords":"Trade setup, stock market news, stock news, share market news, sensex today, nifty today, gdp rate, sebi news,INOX,NSE,PVR,Indian,Ambani,India,Vedanta,Reliance Power,SEBI,Capex,Aishwariya,the UN Conference on Trade and Development,Nagaraj Shetti, Technica","originalPublishedOn":"2022-03-28T06:45:00+05:30"}},{"node":{"id":"E8WbFxYD1HaF","slug":"english/anil-ambani-steps-down-from-boards-of-r-infra-reliance-power-after-sebi-notice","slugV2":"india/anil-ambani-steps-down-from-boards-of-r-infra-reliance-power-after-sebi-notice-271596/","title":"Anil Ambani steps down from boards of R-Infra, Reliance Power after SEBI notice","postType":1,"coverMedia":"/opoyi_qNFJTOU9L.jpg","coverCaption":"Anil Ambani (Photo credit: Twitter/AnilAmbani)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-03-26T05:04:29+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eAnil Ambani resigned as director from the boards of Reliance Infrastructure Ltd and Reliance Power Ltd on Friday evening\u003c/li\u003e\n \u003cli\u003eThis move comes a month after SEBI ordered him and other directors of Reliance Home Finance to resign\u003c/li\u003e\n \u003cli\u003eThe instructions were issued based on Sebi's findings involving Reliance Home Finance's (RHFL) loan dealings\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":2,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1648251269216,\\\"strCount\\\":3325,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/india/anil-ambani-among-potential-pegasus-spyware-targets-report-128534/\\\\\\\"\u003eAnil Ambani\u003c/a\u003e resigned as director from the boards of \u003ca href=\\\\\\\"https://opoyi.com/business/ambanis-relocating-to-london-reliance-clears-air-348901/\\\\\\\"\u003eReliance\u003c/a\u003e Infrastructure Ltd and Reliance Power Ltd on Friday evening, a month after the \u003ca href=\\\\\\\"https://opoyi.com/india/sebi-makes-separation-of-cmd-ceo-roles-from-mandatory-to-voluntary-531613/\\\\\\\"\u003eSecurities and Exchange Board of India\u003c/a\u003e (Sebi) ordered him and other directors of Reliance Home Finance Ltd to resign from any listed business with immediate effect.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also read:\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/sebi-imposes-rs-5-lakh-penalty-on-axis-bank-for-violating-regulations-188634/\\\\\\\"\u003eSEBI imposes Rs 5 lakh penalty on Axis Bank for violating regulations\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The two firms stated in exchange filings that \\\\\\\"the board looks forward to an early closure of the matter and inviting Mr. Ambani back to provide his vision and leadership to the company in the interest of all stakeholders.\\\\\\\"\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"“The board noted that during the past year, the company has created immense value for its around 800,000 shareholders with the stock price increasing from a low of Rs. 32 to a high of Rs. 150,\\\\\\\" according to the exchange filing, Reliance Infrastructure. Reliance Power attributed Ambani's leadership to the stock's rise from a low of Rs. 4 to a high of Rs. 19 in a year.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also read:\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/indian-bulk-diesel-purchasers-rush-to-secure-supplies-from-retail-outlets-377294/\\\\\\\"\u003eIndian bulk diesel purchasers rush to secure supplies from retail outlets\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The regulator barred Ambani, Amit Bapna, Ravindra Sudhalkar, and Pinkesh R. Shah from engaging with any listed business, acting as their directors, or associating with any market intermediary in an interim ruling issued on February 11 in the case of Reliance Home Finance Ltd.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"“Noticees are hereby restrained from associating themselves with any intermediary registered with \u003ca href=\\\\\\\"https://opoyi.com/topics/sebi/\\\\\\\"\u003eSebi\u003c/a\u003e, any listed public company or acting as Directors/promoters of any public company which intends to raise money from the public, till further orders,\\\\\\\" Sebi stated in its order dated February 11th.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The instructions were issued based on Sebi's findings involving Reliance Home Finance's (RHFL) loan dealings.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also read:\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/reliance-takes-control-of-200-future-group-stores-including-big-bazaar-674875/\\\\\\\"\u003eReliance takes control of 200 Future Group stores, including Big Bazaar\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The case involves irregularities in a general-purpose corporate loan of Rs 8,470.65 crore given by RHFL to related firms.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Rahul Sarin was appointed as an Additional Director in the capacity of Independent Director for a term of five years on the boards of RPower and RInfra on Friday, subject to approval of members at the general meeting, according to the two Reliance Group firms.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The business's board of directors unanimously reposed full trust in Ambani's leadership and invaluable contribution to leading the company through great financial hurdles and potentially debt-free in the coming fiscal year, according to the firms.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Rahul Sarin, 72, a civil servant with over 35 years of excellent public service, retired as Secretary to the Government of India.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Sarin is currently a director of Afthonia Private Limited.\\\"}}]}","relatedPosts":null,"location":{"name":"Mumbai, Maharashtra, India"},"createdBy":{"name":"Sucharita Ganguly","photo":null,"username":"sucharita","id":"z7GDvieuoSxc","role":null},"topics":[{"name":"SEBI","slug":"sebi","id":"3nLmnZjR2Qlg","isSection":0},{"name":"AnilAmbani","slug":"anilambani","id":"spuQlvFzWNSM","isSection":0},{"name":"Reliance","slug":"reliance","id":"FTQXxryu1asz","isSection":0},{"name":"ambani","slug":"ambani","id":"GsXV1lT0Aj98","isSection":0},{"name":"Resignation","slug":"resignation","id":"LrdTUtbHZki6","isSection":0}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Sucharita Ganguly","id":"z7GDvieuoSxc","username":"sucharita","role":2,"userType":0}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-03-26T05:04:27+05:30","publisher":0,"sourceFeed":null,"cleanText":"Anil Ambani resigned as director from the boards of Reliance Infrastructure Ltd and Reliance Power Ltd on Friday evening, a month after the Securities and Exchange Board of India (Sebi) ordered him and other directors of Reliance Home Finance Ltd to resign from any listed business with immediate effect. Also read: SEBI imposes Rs 5 lakh penalty on Axis Bank for violating regulations,The two firms stated in exchange filings that the board looks forward to an early closure of the matter and inviting Mr. Ambani back to provide his vision and leadership to the company in the interest of all stakeholders. “The board noted that during the past year, the company has created immense value for its around 800,000 shareholders with the stock price increasing from a low of Rs. 32 to a high of Rs. 150, according to the exchange filing, Reliance Infrastructure. Reliance Power attributed Ambani's leadership to the stock's rise from a low of Rs. 4 to a high of Rs. 19 in a year. Also read: Indian bulk diesel purchasers rush to secure supplies from retail outlets,The regulator barred Ambani, Amit Bapna, Ravindra Sudhalkar, and Pinkesh R. Shah from engaging with any listed business, acting as their directors, or associating with any market intermediary in an interim ruling issued on February 11 in the case of Reliance Home Finance Ltd. “Noticees are hereby restrained from associating themselves with any intermediary registered with Sebi, any listed public company or acting as Directors/promoters of any public company which intends to raise money from the public, till further orders, Sebi stated in its order dated February 11th. The instructions were issued based on Sebi's findings involving Reliance Home Finance's (RHFL) loan dealings. Also read: Reliance takes control of 200 Future Group stores, including Big Bazaar,The case involves irregularities in a general-purpose corporate loan of Rs 8,470.65 crore given by RHFL to related firms. Rahul Sarin was appointed as an Additional Director in the capacity of Independent Director for a term of five years on the boards of RPower and RInfra on Friday, subject to approval of members at the general meeting, according to the two Reliance Group firms. The business's board of directors unanimously reposed full trust in Ambani's leadership and invaluable contribution to leading the company through great financial hurdles and potentially debt-free in the coming fiscal year, according to the firms. Rahul Sarin, 72, a civil servant with over 35 years of excellent public service, retired as Secretary to the Government of India. Sarin is currently a director of Afthonia Private Limited.","portalUser":{"id":"kQKU5wG2FUA","name":"Opoyi Central","username":"opoyicentral","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_6k77dlSYd.jpg","role":2,"userType":1},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":{"latitude":"19.076","longitude":"72.8777","name":"Mumbai, Maharashtra, India","city":"Mumbai"},"keywords":"Ambani,Sebi,RHFL,Reliance Infrastructure Ltd,Reliance Power Ltd,the Securities and Exchange Board of India,Reliance Home Finance Ltd,Reliance Power,Ravindra Sudhalkar,Pinkesh R. Shah,Reliance Home Finance Ltd.,Reliance Home Finance's","originalPublishedOn":"2022-03-26T00:01:30+05:30"}},{"node":{"id":"9IErNo3Xieh9","slug":"english/sebi-imposes-rs-5-lakh-penalty-on-axis-bank-for-violating-regulations","slugV2":"business/sebi-imposes-rs-5-lakh-penalty-on-axis-bank-for-violating-regulations-188634/","title":"SEBI imposes Rs 5 lakh penalty on Axis Bank for violating regulations","postType":1,"coverMedia":"/opoyi_e-nQGlXCbUf.jpg","coverCaption":"Axis Bank is registered as a merchant banker with the SEBI (Photo credit: Twitter/ @SEBI_India)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-03-25T21:53:39+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eSEBI imposed a penalty of Rs 5 lakh on Axis Bank for violation of merchant bank regulations\u003c/li\u003e\n \u003cli\u003eAxis Bank failed to submit transaction details related to the acquisition of securities\u003c/li\u003e\n \u003cli\u003eAxis Bank in its response acknowledged that it had failed to comply with reporting norms\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1648225417287,\\\"strCount\\\":3610,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Market regulator Securities Exchange Board of India (SEBI) on Thursday imposed a penalty of Rs 5 lakh on Axis Bank for violation of merchant bank regulations. Private lender Axis Bank is registered as a merchant banker with the \u003ca href=\\\\\\\"https://opoyi.com/topics/sebi/\\\\\\\"\u003eSEBI\u003c/a\u003e.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The regulator said it has fined Axis Bank under the provisions of section 15A(a) of the SEBI Act for its violation of provisions of regulation 27 of Merchant Bankers (MB) Regulations.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/finance-bill-2022-passed-in-lok-sabha-marking-completion-of-budgetary-session-361724/\\\\\\\"\u003eFinance Bill 2022 passed in Lok sabha, marking completion of budgetary session\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"SEBI had examined the debt capital market operations of Axis Bank during the August 2016 to August 2019 period. During the examination, it was observed that Axis Bank had acted as the merchant banker for 22 public issuances of debt of various companies during the period. The lender had also acquired securities in nine public debt issues while acting as a merchant banker. \\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The non-banking finance companies whose securities Axis Bank had acquired include Dewan Housing Finance, Indiabulls Housing Finance, Reliance Home Finance, Shriram Transport Finance, ECL Finance, L\u0026amp;T Finance and Tata Capital Finance.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/sbi-shares-surge-after-tie-up-for-affordable-housing-loans-111655/\\\\\\\"\u003eSBI shares surge after tie-up for affordable housing loans\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"SEBI said that Axis Bank failed to submit transaction details and information related to the acquisition of securities in the said issues, following which the penalty has been imposed. Under SEBI norms, every merchant banker should submit complete particulars of the transactions relating to the acquisition of securities. This is required to be done within 15 days from the date of such transactions.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/india/four-companies-selected-for-rs-18000-crore-pli-scheme-for-acc-battery-storage-438269/\\\\\\\"\u003eFour companies selected for Rs 18,000 crore PLI scheme for ACC battery storage\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\\\\\\\"It is an admitted fact that Notice failed to submit the above details within the prescribed period in respect of the above mentioned nine public issuances of debt made by the companies during the period August 2016 to August 2019,\\\\\\\" SEBI said in an order.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"However, Axis Bank in its response acknowledged that it had failed to comply with reporting norms. The bank said this was an inadvertent violation which was proactively reported to SEBI and was taking swift measures to prevent such violations. It requested forbearance in the matter and a personal hearing to explain the matter in detail.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/byjus-becomes-first-indian-company-to-sponsor-fifa-world-cup-458345/\\\\\\\"\u003eIn a first, Indian company sponsors FIFA World Cup\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"SEBI allowed the Axis Bank to present its case in a personal hearing but rejected the settlement application and asked the bank to provide further details in the case.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"In a separate submission to SEBI, Axis Bank acknowledged that it had violated merchant banking regulations but requested some forbearance from the regulator by saying that the nine issues represent a small percentage of whole merchant banking transactions.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/maruti-suzuki-appoints-hisashi-takeuchi-as-new-ceo-104852/\\\\\\\"\u003eMaruti Suzuki appoints Hisashi Takeuchi as new CEO\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"However, SEBI found these violations material enough to impose a penalty. The market regulator directed the bank to pay the penalty amount within 45 days of the receipt of this order.\\\"}}]}","relatedPosts":null,"location":null,"createdBy":{"name":"Devanshu Singla","photo":"","username":"devanshusingla","id":"aJeiSJdpGmAb","role":null},"topics":[{"name":"SEBI","slug":"sebi","id":"3nLmnZjR2Qlg","isSection":0},{"name":"AxisBank","slug":"axisbank","id":"5LjaoI8mVpAk","isSection":0},{"name":"Business","slug":"business","id":"1hd39Bl2AdAV","isSection":1},{"name":"Finance","slug":"finance","id":"vdfCkTLQAVNK","isSection":0},{"name":"Banking","slug":"banking","id":"LjkF3MF2IZGY","isSection":0},{"name":"India","slug":"india","id":"Bq4MmUPrXF8p","isSection":1}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Devanshu Singla","id":"aJeiSJdpGmAb","username":"devanshusingla","role":2,"userType":0}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-03-25T21:53:38+05:30","publisher":6,"sourceFeed":null,"cleanText":"Market regulator Securities Exchange Board of India (SEBI) on Thursday imposed a penalty of Rs 5 lakh on Axis Bank for violation of merchant bank regulations. Private lender Axis Bank is registered as a merchant banker with the SEBI. The regulator said it has fined Axis Bank under the provisions of section 15A(a) of the SEBI Act for its violation of provisions of regulation 27 of Merchant Bankers (MB) Regulations. Also Read | Finance Bill 2022 passed in Lok sabha, marking completion of budgetary session,SEBI had examined the debt capital market operations of Axis Bank during the August 2016 to August 2019 period. During the examination, it was observed that Axis Bank had acted as the merchant banker for 22 public issuances of debt of various companies during the period. The lender had also acquired securities in nine public debt issues while acting as a merchant banker. ,The non-banking finance companies whose securities Axis Bank had acquired include Dewan Housing Finance, Indiabulls Housing Finance, Reliance Home Finance, Shriram Transport Finance, ECL Finance, L\u0026T Finance and Tata Capital Finance. Also Read | SBI shares surge after tie-up for affordable housing loans,SEBI said that Axis Bank failed to submit transaction details and information related to the acquisition of securities in the said issues, following which the penalty has been imposed. Under SEBI norms, every merchant banker should submit complete particulars of the transactions relating to the acquisition of securities. This is required to be done within 15 days from the date of such transactions. Also Read | Four companies selected for Rs 18,000 crore PLI scheme for ACC battery storage,It is an admitted fact that Notice failed to submit the above details within the prescribed period in respect of the above mentioned nine public issuances of debt made by the companies during the period August 2016 to August 2019, SEBI said in an order. However, Axis Bank in its response acknowledged that it had failed to comply with reporting norms. The bank said this was an inadvertent violation which was proactively reported to SEBI and was taking swift measures to prevent such violations. It requested forbearance in the matter and a personal hearing to explain the matter in detail. Also Read | In a first, Indian company sponsors FIFA World Cup,SEBI allowed the Axis Bank to present its case in a personal hearing but rejected the settlement application and asked the bank to provide further details in the case. In a separate submission to SEBI, Axis Bank acknowledged that it had violated merchant banking regulations but requested some forbearance from the regulator by saying that the nine issues represent a small percentage of whole merchant banking transactions. Also Read | Maruti Suzuki appoints Hisashi Takeuchi as new CEO,However, SEBI found these violations material enough to impose a penalty. The market regulator directed the bank to pay the penalty amount within 45 days of the receipt of this order.","portalUser":{"id":"MK3GmgLG7wo1","name":"Opoyi Business","username":"OpoyiBusiness","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_D6026Kum9dg.jpg","role":2,"userType":1},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":null,"keywords":"Axis Bank,SEBI,the SEBI Act,Dewan Housing Finance,Indiabulls Housing Finance,Reliance Home Finance,Shriram Transport Finance,ECL Finance,Tata Capital Finance,the Axis Bank,SEBI Axis Bank,SEBI fines Axis Bank,Business news, stock market news,securities pur","originalPublishedOn":"2022-03-25T21:53:38+05:30"}},{"node":{"id":"eYOVJCw5TrQU","slug":"english/trade-setup-top-15-things-to-know-before-market-opens-on-march-24-2022","slugV2":"business/trade-setup-top-15-things-to-know-before-market-opens-on-march-24-2022-286698/","title":"Trade Setup: Top 15 things to know before market opens on March 24, 2022","postType":1,"coverMedia":"/opoyi_hQ4MV2MGy.jpg","coverCaption":"The broader indices were trading mixed with the BSE Midcap index rose 0.39%, while the Small cap index was down by 0.02%. (Photo Credit: Representational Image/Pixabay)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-03-24T06:45:00+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eSensex fell 304.48 points or 0.53% to 57,684.82 and Nifty was down by 69.85 points or 0.40% to 17,245.65\u003c/li\u003e\n \u003cli\u003eFIIs bought shares worth a net Rs 481.33 crore while DIIs sold shares worth a net Rs 294.23 crore\u003c/li\u003e\n \u003cli\u003eThe trends on SGX Nifty indicate a positive opening for the index in India\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1648083992784,\\\"strCount\\\":8835,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Indian equity benchmarks on Wednesday gave up early gains and drifted down as investors focused on rising crude oil prices. Brent crude futures were trading at $117 per barrel due to global supply worries in the midst of the current Russia-Ukraine conflict.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Nifty50 appears to be sticking to a higher bottom formation on the intraday as well as daily charts but t is consistently facing resistance near 17,440, according to Shrikant Chouhan, Head of Equity Research (Retail) at Kotak Securities.\u0026nbsp;\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Support for the 50-scrip index has shifted to 17,200 from 17,000, he said.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/topics/closingbell/\\\\\\\"\u003e\u003cb\u003eIndian Indices\u003c/b\u003e\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Sensex fell 304.48 points or 0.53% to 57,684.82 and Nifty was down by 69.85 points or 0.40% to 17,245.65 in the previous session. Sensex touched high and low of 58,416.56 and 57,568.59, respectively. There were 13 stocks advancing against 17 stocks declining on the index. Nifty traded in a range of 17,442.40 and 17,199.60. There were 21 stocks advancing against 29 stocks declining on the index.\u0026nbsp;\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eBroader Indices\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The broader indices were trading mixed with the BSE Midcap index rose 0.39%, while the Small cap index was down by 0.02%. The top gaining sectoral indices on the BSE were Metal up by 1.53%, Utilities up by 1.36%, Power up by 1.30%, Basic Materials up by 0.54%, Oil \u0026amp; Gas up by 0.35% while, Bankex down by 0.81%, Finance down by 0.74%, Auto down by 0.72%, Capital Goods down by 0.59% and Industrials down by 0.56% were the top losing indices on BSE.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eSupport and Resistance levels\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The key support level for the Nifty is placed at 17,149, followed by 17,053. If the index moves up, the key resistance levels to watch out for are 17,392 and 17,539, according to pivot charts.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eSGX Nifty\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The trends on SGX Nifty indicate a positive opening for the index in \u003ca href=\\\\\\\"https://opoyi.com/india/\\\\\\\"\u003eIndia\u003c/a\u003e with a 10-points gain. The Nifty futures were trading at\u0026nbsp;17,177.50 on the Singaporean Exchange around 06:30 hours IST.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eAsian Markets\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Asian markets finished broadly higher yesterday with shares in \u003ca href=\\\\\\\"https://opoyi.com/topics/japan/\\\\\\\"\u003eJapan\u003c/a\u003e leading the region. The Nikkei 225 was up 3.00% while Hong Kong's Hang Seng was up 1.29% and China's \u003ca href=\\\\\\\"https://opoyi.com/topics/shanghai/\\\\\\\"\u003eShanghai\u003c/a\u003e Composite was up 0.34%.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/topics/nasdaq/\\\\\\\"\u003e\u003cb\u003eUS Markets\u003c/b\u003e\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The S\u0026amp;P 500 fell 55.37 points, or 1.2%, to 4,456.24.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Dow Jones Industrial Average fell 448.96 points, or 1.3%, to 34,358.50.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Nasdaq fell 186.21 points, or 1.3%, to 13,922.60.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Russell 2000 index of smaller companies fell 36.14 points, or 1.7%, to 2,052.21.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eEuropean Markets\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"European markets finished mixed. The CAC 40 gained 3.32%, while the DAX led the FTSE 100 lower. They fell 1.31% and 0.22% respectively.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/business/ruchi-soya-fpo-to-open-on-march-24-all-you-need-to-know-393299/\\\\\\\"\u003e\u003cb\u003eRuchi Soya FPO to open on March 24: All you need to know\u003c/b\u003e\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Edible oil firm Ruchi Soya, owned by Patanjali Ayurved group, will hit the capital markets with a follow-on public offer (FPO) on Thursday, March 24, 2022. The issue to raise Rs 4,300 crore will remain open for subscription for three days and conclude on March 28.\u0026nbsp; Ruchi Soya, the largest edible oil maker in the country, is the first company to be re-listed after the bankruptcy process. Patanjali, which currently holds 98.9% of the company, will dilute around 19% at the upper end and 18% at the lower end of the price band. The remaining 6% to 7%, to meet the mandatory 25% public float, will be diluted before the \u003ca href=\\\\\\\"https://opoyi.com/topics/sebi/\\\\\\\"\u003eSEBI\u003c/a\u003e deadline of December 2022, the company said.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/business/india-hits-highest-ever-export-target-of-400-billion-598204/\\\\\\\"\u003e\u003cb\u003eIndia hits highest ever export target of $400 billion\u003c/b\u003e\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"India has achieved its target of $400 billion in exports in the financial year 2022. Asia’s third-largest economy reached its highest ever goods exports on March 23, nine days ahead of the intended deadline. In the April-December period, the figure stood at $300 billion. “India set an ambitious target of $400 billion of goods exports \u0026amp; achieved this target for the first time ever. I congratulate our farmers, weavers, MSMEs, manufacturers, exporters for this success. This is a key milestone in our Atmanirbhar Bharat journey,” Prime Minister \u003ca href=\\\\\\\"https://opoyi.com/topics/narendramodi/\\\\\\\"\u003eNarendra Modi\u003c/a\u003e tweeted on Wednesday.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/business/paytm-issues-clarification-to-bse-over-significant-movement-in-stock-prices-110723/\\\\\\\"\u003e\u003cb\u003ePaytm issues clarification to BSE over significant movement in stock prices\u003c/b\u003e\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"One97 Communications, the operating company of \u003ca href=\\\\\\\"https://opoyi.com/topics/paytm/\\\\\\\"\u003ePaytm\u003c/a\u003e, on Wednesday, said its business fundamentals remain robust and it had no information that may have a bearing on the price-volume behaviour in the share price and which is not yet disclosed to the stock exchanges. In a filing to BSE, One97 Communications said it has, from time to time, made all necessary disclosures to stock exchanges within the stipulated timeline. The statement read \\\\\\\"The Company would also like to point out the business fundamentals remain robust as demonstrated in our last earnings release dated February 04, 2022,\\\\\\\" it noted. \\\\\\\"We would like to reiterate that the Company is committed to comply with the Listing Regulations and any information/ announcement, likely to have bearing on the price/ volume of the shares of the Company would be disclosed, from time to time, to the Stock Exchanges within stipulated timeline,\\\\\\\" the statement added.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eIndia halts plan to allow domestic firms to list overseas\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"India has frozen plans to allow local firms to list overseas as it seeks to bolster its own capital markets, government officials and industry sources told reuters, in a blow to foreign funds and stock exchanges seeking to tap into the country's tech boom. New Delhi's decision marks a sudden reversal in policy after officials said late last year that the new rules for overseas listings would be announced in February. Three senior government officials with direct knowledge of the decision told Reuters the plan had been put on hold as India believes there is enough depth in local capital markets for firms to raise funds and get good valuations.\u0026nbsp;\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eTCS Rs 18,000 crore buyback subscribed over 7 times on last day\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Rs 18,000-crore share buyback programme of Tata Consultancy Services, India’s second-most valuable firm, was subscribed over 7.5 times. According to data provided by stock exchanges, 300 million shares were tendered against the offer size of 40 million shares. The Tata group flagship firm will extinguish 1.08% of its equity under the buyback programme. The buyback is being done at Rs 4,500 per share—over 21% premium to TCS’s last close. Shares of \u003ca href=\\\\\\\"https://opoyi.com/topics/tcs/\\\\\\\"\u003eTCS\u003c/a\u003e last closed at Rs 3,708, up 0.2% over the previous day’s close. The tender route buyback, which commenced on March 9, ended on Wednesday.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/topics/bulkdeal/\\\\\\\"\u003e\u003cb\u003eBulk Deal data\u003c/b\u003e\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"DELTA CORP LIMITED sold 4,00,000 shares in Advani Hotels \u0026amp; Resorts at Rs 97.37 per share on the \u003ca href=\\\\\\\"https://opoyi.com/topics/nse/\\\\\\\"\u003eNSE\u003c/a\u003e.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"LARSEN \u0026amp; TOUBRO LIMITED bought 212,17,957 shares in L\u0026amp;T Finance Holdings Ltd at Rs 83.52 per share on the NSE.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"INTEGRATED CORE STRATEGIES ASIA PTE LTD sold 92,38,350 shares in National Alum Co Ltd at Rs 121.96 per share on the NSE.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"PANKAJ RAMESH CHANDRA VYAS sold 1,62,000 shares in SecUR Credentials Limited at Rs 94.20 per share on the NSE.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"RAJASTHAN GLOBAL SECURITIES PVT LTD bought 99,897 shares of Selan Exploration Technol at Rs 191.05 per share on NSE.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"CHHEDA DEEPTI PANKAJ sold 8,400 shares of Bombay Metrics S C Ltd at Rs 420.03 per share on NSE.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"VENKATESHWARA INDUSTRIAL PROMOTION CO.LIMITED bought 19,200 shares in SP Refractories Limited at Rs 86.76 per share on the NSE.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"ALPHA LEON ENTERPRISES LLP sold 203,32,114 shares in Visesh Infotecnics Limited at Rs 1.20 per share on the NSE.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/topics/fiianddii/\\\\\\\"\u003e\u003cb\u003eDII and FII data\u003c/b\u003e\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Foreign institutional investors (FIIs) bought shares worth a net Rs 481.33 crore, while domestic institutional investors (DIIs) sold shares worth a net Rs 294.23 crore in the Indian equity market on March 23, as per provisional data available on the NSE.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/topics/foban/\\\\\\\"\u003e\u003cb\u003eNSE F\u0026amp;O Ban\u003c/b\u003e\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Balrampur Chini Mills, Delta Corp, GNFC, Indiabulls Housing Finance, \u003ca href=\\\\\\\"https://opoyi.com/topics/sail/\\\\\\\"\u003eSAIL\u003c/a\u003e, and Sun TV Network are under the F\u0026amp;O ban for March 24. Securities in the ban period under the F\u0026amp;O segment include companies in which the security has crossed 95% of the market-wide position limit.\\\"}}]}","relatedPosts":null,"location":null,"createdBy":{"name":"Yash Sadhak Shrivastava","photo":"https://opoyi.com/images/opoyi_YTc6hxpHI.jpg?tr=w-600,q-70,dpr","username":"yashsadhak","id":"hVr8BLevnFNI","role":null},"topics":[{"name":"TradeSetup","slug":"tradesetup","id":"odcbbjEYtYHE","isSection":0},{"name":"StockMarket","slug":"stockmarket","id":"vHCI0WQLTd1o","isSection":0},{"name":"Sensex","slug":"sensex","id":"MhfKMlGWFTBF","isSection":0},{"name":"Nifty","slug":"nifty","id":"2JvkXElbbqnQ","isSection":0},{"name":"ShareMarket","slug":"sharemarket","id":"PkCsd9oT2rCN","isSection":0},{"name":"China","slug":"china","id":"gtTvlJMpH5eQ","isSection":0},{"name":"PayTM","slug":"paytm","id":"d7VUkjnjjo4q","isSection":0},{"name":"SEBI","slug":"sebi","id":"3nLmnZjR2Qlg","isSection":0},{"name":"Japan","slug":"japan","id":"anJhzDRc6xxB","isSection":0},{"name":"TCS","slug":"tcs","id":"uHQa458DR7HX","isSection":0},{"name":"SAIL","slug":"sail","id":"AkhJ9kWsmnlm","isSection":0},{"name":"f","slug":"f","id":"6hjVK8gTjJ0j","isSection":0},{"name":"India","slug":"india","id":"Bq4MmUPrXF8p","isSection":1},{"name":"NSE","slug":"nse","id":"74WQDLQfPQDQ","isSection":0},{"name":"Russia","slug":"russia","id":"ZdjTIzNom80K","isSection":0},{"name":"NarendraModi","slug":"narendramodi","id":"2Mx5OKBUbZfx","isSection":0},{"name":"Shanghai","slug":"shanghai","id":"xMXKjwe1VUvc","isSection":0},{"name":"indian","slug":"indian","id":"YTJpdaKq5t2z","isSection":0},{"name":"Asia","slug":"asia","id":"QzdhnKXHT05r","isSection":0},{"name":"Business","slug":"business","id":"1hd39Bl2AdAV","isSection":1}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Yash Sadhak Shrivastava","id":"hVr8BLevnFNI","username":"yashsadhak","role":2,"userType":0}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-03-24T06:45:00+05:30","publisher":6,"sourceFeed":null,"cleanText":"Indian equity benchmarks on Wednesday gave up early gains and drifted down as investors focused on rising crude oil prices. Brent crude futures were trading at $117 per barrel due to global supply worries in the midst of the current Russia-Ukraine conflict. The Nifty50 appears to be sticking to a higher bottom formation on the intraday as well as daily charts but t is consistently facing resistance near 17,440, according to Shrikant Chouhan, Head of Equity Research (Retail) at Kotak Securities. ,Support for the 50-scrip index has shifted to 17,200 from 17,000, he said. Indian Indices,Sensex fell 304.48 points or 0.53% to 57,684.82 and Nifty was down by 69.85 points or 0.40% to 17,245.65 in the previous session. Sensex touched high and low of 58,416.56 and 57,568.59, respectively. There were 13 stocks advancing against 17 stocks declining on the index. Nifty traded in a range of 17,442.40 and 17,199.60. There were 21 stocks advancing against 29 stocks declining on the index. ,Broader Indices,The broader indices were trading mixed with the BSE Midcap index rose 0.39%, while the Small cap index was down by 0.02%. The top gaining sectoral indices on the BSE were Metal up by 1.53%, Utilities up by 1.36%, Power up by 1.30%, Basic Materials up by 0.54%, Oil \u0026 Gas up by 0.35% while, Bankex down by 0.81%, Finance down by 0.74%, Auto down by 0.72%, Capital Goods down by 0.59% and Industrials down by 0.56% were the top losing indices on BSE. Support and Resistance levels,The key support level for the Nifty is placed at 17,149, followed by 17,053. If the index moves up, the key resistance levels to watch out for are 17,392 and 17,539, according to pivot charts. SGX Nifty,The trends on SGX Nifty indicate a positive opening for the index in India with a 10-points gain. The Nifty futures were trading at 17,177.50 on the Singaporean Exchange around 06:30 hours IST. Asian Markets,Asian markets finished broadly higher yesterday with shares in Japan leading the region. The Nikkei 225 was up 3.00% while Hong Kong's Hang Seng was up 1.29% and China's Shanghai Composite was up 0.34%. US Markets,The S\u0026P 500 fell 55.37 points, or 1.2%, to 4,456.24. The Dow Jones Industrial Average fell 448.96 points, or 1.3%, to 34,358.50. The Nasdaq fell 186.21 points, or 1.3%, to 13,922.60. The Russell 2000 index of smaller companies fell 36.14 points, or 1.7%, to 2,052.21. European Markets,European markets finished mixed. The CAC 40 gained 3.32%, while the DAX led the FTSE 100 lower. They fell 1.31% and 0.22% respectively. Ruchi Soya FPO to open on March 24: All you need to know,Edible oil firm Ruchi Soya, owned by Patanjali Ayurved group, will hit the capital markets with a follow-on public offer (FPO) on Thursday, March 24, 2022. The issue to raise Rs 4,300 crore will remain open for subscription for three days and conclude on March 28. Ruchi Soya, the largest edible oil maker in the country, is the first company to be re-listed after the bankruptcy process. Patanjali, which currently holds 98.9% of the company, will dilute around 19% at the upper end and 18% at the lower end of the price band. The remaining 6% to 7%, to meet the mandatory 25% public float, will be diluted before the SEBI deadline of December 2022, the company said. India hits highest ever export target of $400 billion,India has achieved its target of $400 billion in exports in the financial year 2022. Asia’s third-largest economy reached its highest ever goods exports on March 23, nine days ahead of the intended deadline. In the April-December period, the figure stood at $300 billion. “India set an ambitious target of $400 billion of goods exports \u0026 achieved this target for the first time ever. I congratulate our farmers, weavers, MSMEs, manufacturers, exporters for this success. This is a key milestone in our Atmanirbhar Bharat journey,” Prime Minister Narendra Modi tweeted on Wednesday. Paytm issues clarification to BSE over significant movement in stock prices,One97 Communications, the operating company of Paytm, on Wednesday, said its business fundamentals remain robust and it had no information that may have a bearing on the price-volume behaviour in the share price and which is not yet disclosed to the stock exchanges. In a filing to BSE, One97 Communications said it has, from time to time, made all necessary disclosures to stock exchanges within the stipulated timeline. The statement read The Company would also like to point out the business fundamentals remain robust as demonstrated in our last earnings release dated February 04, 2022, it noted. We would like to reiterate that the Company is committed to comply with the Listing Regulations and any information/ announcement, likely to have bearing on the price/ volume of the shares of the Company would be disclosed, from time to time, to the Stock Exchanges within stipulated timeline, the statement added. India halts plan to allow domestic firms to list overseas,India has frozen plans to allow local firms to list overseas as it seeks to bolster its own capital markets, government officials and industry sources told reuters, in a blow to foreign funds and stock exchanges seeking to tap into the country's tech boom. New Delhi's decision marks a sudden reversal in policy after officials said late last year that the new rules for overseas listings would be announced in February. Three senior government officials with direct knowledge of the decision told Reuters the plan had been put on hold as India believes there is enough depth in local capital markets for firms to raise funds and get good valuations. ,TCS Rs 18,000 crore buyback subscribed over 7 times on last day,The Rs 18,000-crore share buyback programme of Tata Consultancy Services, India’s second-most valuable firm, was subscribed over 7.5 times. According to data provided by stock exchanges, 300 million shares were tendered against the offer size of 40 million shares. The Tata group flagship firm will extinguish 1.08% of its equity under the buyback programme. The buyback is being done at Rs 4,500 per share—over 21% premium to TCS’s last close. Shares of TCS last closed at Rs 3,708, up 0.2% over the previous day’s close. The tender route buyback, which commenced on March 9, ended on Wednesday. Bulk Deal data,DELTA CORP LIMITED sold 4,00,000 shares in Advani Hotels \u0026 Resorts at Rs 97.37 per share on the NSE. LARSEN \u0026 TOUBRO LIMITED bought 212,17,957 shares in L\u0026T Finance Holdings Ltd at Rs 83.52 per share on the NSE. INTEGRATED CORE STRATEGIES ASIA PTE LTD sold 92,38,350 shares in National Alum Co Ltd at Rs 121.96 per share on the NSE. PANKAJ RAMESH CHANDRA VYAS sold 1,62,000 shares in SecUR Credentials Limited at Rs 94.20 per share on the NSE. RAJASTHAN GLOBAL SECURITIES PVT LTD bought 99,897 shares of Selan Exploration Technol at Rs 191.05 per share on NSE. CHHEDA DEEPTI PANKAJ sold 8,400 shares of Bombay Metrics S C Ltd at Rs 420.03 per share on NSE. VENKATESHWARA INDUSTRIAL PROMOTION CO.LIMITED bought 19,200 shares in SP Refractories Limited at Rs 86.76 per share on the NSE. ALPHA LEON ENTERPRISES LLP sold 203,32,114 shares in Visesh Infotecnics Limited at Rs 1.20 per share on the NSE. DII and FII data,Foreign institutional investors (FIIs) bought shares worth a net Rs 481.33 crore, while domestic institutional investors (DIIs) sold shares worth a net Rs 294.23 crore in the Indian equity market on March 23, as per provisional data available on the NSE. NSE F\u0026O Ban,Balrampur Chini Mills, Delta Corp, GNFC, Indiabulls Housing Finance, SAIL, and Sun TV Network are under the F\u0026O ban for March 24. Securities in the ban period under the F\u0026O segment include companies in which the security has crossed 95% of the market-wide position limit.","portalUser":{"id":"MK3GmgLG7wo1","name":"Opoyi Business","username":"OpoyiBusiness","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_D6026Kum9dg.jpg","role":2,"userType":1},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":null,"keywords":"India,NSE,Indian,Ruchi Soya,Russia,Shrikant Chouhan,Equity Research (Retail,Kotak Securities,Indian Indices Sensex,Utilities,Bankex,the Singaporean Exchange,IST,Asian Markets,Asian,Trade setup, stock market news, stock news, share market news, sensex toda","originalPublishedOn":"2022-03-24T06:45:00+05:30"}},{"node":{"id":"KPHp591DE0Xe","slug":"english/ruchi-soya-fpo-to-open-on-march-24-all-you-need-to-know","slugV2":"business/ruchi-soya-fpo-to-open-on-march-24-all-you-need-to-know-393299/","title":"Ruchi Soya FPO to open on March 24: All you need to know","postType":1,"coverMedia":"/opoyi_GEBnHP4fzRG.jpg","coverCaption":"Patanjali had acquired the company through an insolvency process for Rs 4,350 crore in 2019 (Photo Credit: Representational/Unsplash)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-03-23T21:11:29+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eRuchi Soya will hit the capital markets with a FPO on March 24\u003c/li\u003e\n \u003cli\u003ePatanjali will dilute around 19% at the upper end and 18% at the lower end of the price band\u003c/li\u003e\n \u003cli\u003eInvestors can bid in a lot of 21 equity shares and its multiples thereafter\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1648050087810,\\\"strCount\\\":4101,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Edible oil firm Ruchi Soya, owned by Patanjali Ayurved group,\\\\nwill hit the capital markets with a follow-on public offer (FPO) on Thursday,\\\\nMarch 24, 2022. The issue to raise Rs 4,300 crore will remain open for\\\\nsubscription for three days and conclude on March 28.\u0026nbsp; Ruchi Soya, the largest edible oil maker in the country,\\\\nis the first company to be re-listed after the bankruptcy process.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/refiners-trade-mixed-on-second-day-of-fuel-price-hikes-471904/\\\\\\\"\u003eRefiners trade mixed on second day of fuel price hikes\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Patanjali, which currently holds 98.9% of the company,\\\\nwill dilute around 19% at the upper end and 18% at the lower end of the price\\\\nband. The remaining 6% to 7%, to meet the mandatory 25% public float, will be\\\\ndiluted before the \u003ca href=\\\\\\\"https://opoyi.com/topics/sebi/\\\\\\\"\u003eSEBI\u003c/a\u003e deadline of December 2022, the company said.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/lic-ipo-government-files-updated-drhp-with-results-293088/\\\\\\\"\u003eLIC IPO: Government files updated DRHP with results\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eHere are key points to know about Ruchi Soya FPO\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003ePrice Band:\u003c/b\u003e Ruchi Soya management led by chairman Acharya\\\\nBalakrishna and non-executive director Baba Ramdev, has fixed the price band\\\\nfor the FPO at Rs 615-650 per share.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eSubscription:\u003c/b\u003e The issue will open for subscription on\\\\nMarch 24 and will close on March 28.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/bse-demands-clarification-from-paytm-after-shares-fall-to-lifetime-low-118615/\\\\\\\"\u003eBSE demands clarification from Paytm after shares fall to lifetime low\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eLot size:\u003c/b\u003e Investors who wish to subscribe to Ruchi Soya\\\\nFPO can bid in a lot of 21 equity shares and its multiples thereafter. At the upper price band ,a single lot of Ruchi Soya Industries will cost Rs 13,500.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eReservation portions:\u003c/b\u003e Half of the issue size has been\\\\nreserved for qualified institutional buyers, 35% for the retail investors and\\\\nthe remaining 15% for the non-institutional bidders. The issue includes a\\\\nreservation of up to 10,000 equity shares for subscription by employees the\\\\ncompany said in an exchange filing.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/zomato-founder-deepinder-goyal-explains-10-minute-food-delivery-service-after-backlash-229946/\\\\\\\"\u003eZomato founder Deepinder Goyal explains 10-minute food delivery service after backlash\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eAnchor investors:\u003c/b\u003e The anchor book size has been fixed at\\\\nRs 1,290 crore. Foreign Investors for the issue include Societe Generale, BNP\\\\nParibas, Sultanate of Oman, Ministry of Defence Pension Fund and Yas Takaful\\\\nPJSC. Domestic investors will be SBI Group, Kotak MF, Birla MF, HDFC Life, Ask\\\\nGroup, Quant MF.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003ePurpose:\u003c/b\u003e Ruchi Soya will utilize the net proceeds from\\\\nthe FPO for repayment of certain outstanding loans, funding incremental working\\\\ncapital requirements, and other general corporate purposes, according to the\\\\ndraft red herring prospectus (DRHP).\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/why-are-petrol-diesel-lpg-prices-rising-again-201410/\\\\\\\"\u003eWhy are petrol, diesel, LPG prices rising again\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eManagers:\u003c/b\u003e SBI Capital Markets, Axis Capital and ICICI\\\\nSecurities are the books running lead managers to the issue while Link Intime\\\\nIndia is the registrar of the issue.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eAbout the company\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Ruchi Soya is engaged in fast-moving consumer goods\\\\n(FMCG) and fast-moving health goods (FMHG). It is primarily involved in the\\\\nbusiness of processing oilseeds, refining crude edible oil for use as cooking\\\\noil, manufacturing soya products, and value-added products. Its flagship brand\\\\nRuchi Gold is one the largest selling palm oil brands in the country. Its other\\\\nleading brands include Mahakosh, Sunrich, Ruchi Star and Ruchi Sunlight.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/hindustan-unilever-in-talks-to-buy-mdh-spices-report-344931/\\\\\\\"\u003eHindustan Unilever in talks to buy MDH Spices: Report\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"It is also the largest manufacturer of soya foods under\\\\nthe brand name Nutrela with a 40% market share. In 2019, Patanjali Group had\\\\nacquired the stock exchange-listed company through an insolvency process for Rs\\\\n4,350 crore.\\\"}}]}","relatedPosts":null,"location":null,"createdBy":{"name":"Devanshu Singla","photo":"","username":"devanshusingla","id":"aJeiSJdpGmAb","role":null},"topics":[{"name":"StockMarket","slug":"stockmarket","id":"vHCI0WQLTd1o","isSection":0},{"name":"Patanjali","slug":"patanjali","id":"TOf3hACHFjhF","isSection":0},{"name":"SEBI","slug":"sebi","id":"3nLmnZjR2Qlg","isSection":0},{"name":"Ramdev","slug":"ramdev","id":"BdUfSGwAMBAI","isSection":0},{"name":"Sensex","slug":"sensex","id":"MhfKMlGWFTBF","isSection":0},{"name":"BSE","slug":"bse","id":"2seBd7Lyb8z6","isSection":0},{"name":"NSE","slug":"nse","id":"74WQDLQfPQDQ","isSection":0},{"name":"FMCG","slug":"fmcg","id":"A5VBmkBOX43n","isSection":0},{"name":"Business","slug":"business","id":"1hd39Bl2AdAV","isSection":1}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Devanshu Singla","id":"aJeiSJdpGmAb","username":"devanshusingla","role":2,"userType":0}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-03-23T21:11:27+05:30","publisher":6,"sourceFeed":null,"cleanText":"Edible oil firm Ruchi Soya, owned by Patanjali Ayurved group, will hit the capital markets with a follow-on public offer (FPO) on Thursday, March 24, 2022. The issue to raise Rs 4,300 crore will remain open for subscription for three days and conclude on March 28. Ruchi Soya, the largest edible oil maker in the country, is the first company to be re-listed after the bankruptcy process. Also Read | Refiners trade mixed on second day of fuel price hikes,Patanjali, which currently holds 98.9% of the company, will dilute around 19% at the upper end and 18% at the lower end of the price band. The remaining 6% to 7%, to meet the mandatory 25% public float, will be diluted before the SEBI deadline of December 2022, the company said. Also Read | LIC IPO: Government files updated DRHP with results,Here are key points to know about Ruchi Soya FPO,Price Band: Ruchi Soya management led by chairman Acharya Balakrishna and non-executive director Baba Ramdev, has fixed the price band for the FPO at Rs 615-650 per share. Subscription: The issue will open for subscription on March 24 and will close on March 28. Also Read | BSE demands clarification from Paytm after shares fall to lifetime low,Lot size: Investors who wish to subscribe to Ruchi Soya FPO can bid in a lot of 21 equity shares and its multiples thereafter. At the upper price band ,a single lot of Ruchi Soya Industries will cost Rs 13,500. Reservation portions: Half of the issue size has been reserved for qualified institutional buyers, 35% for the retail investors and the remaining 15% for the non-institutional bidders. The issue includes a reservation of up to 10,000 equity shares for subscription by employees the company said in an exchange filing. Also Read | Zomato founder Deepinder Goyal explains 10-minute food delivery service after backlash,Anchor investors: The anchor book size has been fixed at Rs 1,290 crore. Foreign Investors for the issue include Societe Generale, BNP Paribas, Sultanate of Oman, Ministry of Defence Pension Fund and Yas Takaful PJSC. Domestic investors will be SBI Group, Kotak MF, Birla MF, HDFC Life, Ask Group, Quant MF. Purpose: Ruchi Soya will utilize the net proceeds from the FPO for repayment of certain outstanding loans, funding incremental working capital requirements, and other general corporate purposes, according to the draft red herring prospectus (DRHP). Also Read | Why are petrol, diesel, LPG prices rising again,Managers: SBI Capital Markets, Axis Capital and ICICI Securities are the books running lead managers to the issue while Link Intime India is the registrar of the issue. About the company,Ruchi Soya is engaged in fast-moving consumer goods (FMCG) and fast-moving health goods (FMHG). It is primarily involved in the business of processing oilseeds, refining crude edible oil for use as cooking oil, manufacturing soya products, and value-added products. Its flagship brand Ruchi Gold is one the largest selling palm oil brands in the country. Its other leading brands include Mahakosh, Sunrich, Ruchi Star and Ruchi Sunlight. Also Read | Hindustan Unilever in talks to buy MDH Spices: Report,It is also the largest manufacturer of soya foods under the brand name Nutrela with a 40% market share. In 2019, Patanjali Group had acquired the stock exchange-listed company through an insolvency process for Rs 4,350 crore.","portalUser":{"id":"MK3GmgLG7wo1","name":"Opoyi Business","username":"OpoyiBusiness","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_D6026Kum9dg.jpg","role":2,"userType":1},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":null,"keywords":"Ruchi Soya,FPO,Baba Ramdev,Patanjali Ayurved,Ruchi Soya FPO Price,Acharya Balakrishna,Ruchi Soya FPO,Ruchi Soya Industries,SEBI,Ruchi Soya FPO details,Stock market updates, stock market news","originalPublishedOn":"2022-03-23T21:11:27+05:30"}},{"node":{"id":"GDyDyHSZbR35","slug":"english/trade-setup-top-15-things-to-know-before-market-opens-on-march-22-2022","slugV2":"india/trade-setup-top-15-things-to-know-before-market-opens-on-march-22-2022-311761/","title":"Trade Setup: Top 15 things to know before market opens on March 22, 2022","postType":1,"coverMedia":"/opoyi_hQ4MV2MGy.jpg","coverCaption":"The broader indices ended mixed with the BSE Midcap index falling 0.68%, while the Small cap index was up by 0.38%. (Photo Credit: Representational Image/Pixabay)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-03-22T06:45:00+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eSensex fell 571.44 points or 0.99% to 57,292.49 and Nifty was down by 169.45 points or 0.98% to 17,117.60\u003c/li\u003e\n \u003cli\u003eFIIs sold shares worth a net Rs 2,962.12 crore while DIIs bought shares worth a net Rs 252.91 crore\u003c/li\u003e\n \u003cli\u003eThe trends on SGX Nifty indicate a negative opening for the index in India\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1647911298483,\\\"strCount\\\":10396,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"After a two-day rapid surge, \u003ca href=\\\\\\\"https://opoyi.com/topics/indian/\\\\\\\"\u003eIndian\u003c/a\u003e equity markets closed Monday's session in negative territory, down a per cent, as the ongoing conflict in \u003ca href=\\\\\\\"https://opoyi.com/topics/ukraine/\\\\\\\"\u003eUkraine\u003c/a\u003e drove up oil prices. Crude prices have surpassed $110 per barrel, blowing predictions of increased inflation. Markets opened slightly higher as some support arrived as India's tax collection on personal and corporate income increased by more than 48% in the current fiscal year, following a 41% increase in advance tax payments, reflecting a sustained economic recovery in a year marked by two waves of coronavirus outbreaks.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Nifty50 has formed a bearish candle on the daily chart, though the market's medium-term texture still appears to be on the positive side, according to Shrikant Chouhan, Head of Equity Research (Retail) at Kotak Securities.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"He is of the view that the index's 50-day simple moving average of around 17,250 is now an immediate hurdle for the bulls. \\\\\\\"Below this zone, a correction wave is likely to continue till 17,000-16,975. A fresh uptrend is possible only after a breakout at 17,250, above which there are bright chances of 17,350-17,400 levels,\\\\\\\" he says.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/topics/closingbell/\\\\\\\"\u003e\u003cb\u003eIndian Indices\u003c/b\u003e\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Sensex fell 571.44 points or 0.99% to 57,292.49 and Nifty was down by 169.45 points or 0.98% to 17,117.60 in the previous session. Sensex touched high and low of 58,127.95 and 57,229.08, respectively. There were 5 stocks advancing against 25 stocks declining on the index. Nifty traded in a range of 17,096.40 and 17,353.35. There were 9 stocks advancing against 40 stocks declining, while 1 stock remained unchanged on the index.\u0026nbsp;\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eBroader Indices\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The broader indices ended mixed with the BSE Midcap index falling 0.68%, while the Small cap index was up by 0.38%. The few gaining sectoral indices on the BSE were Metal up by 1.70%, Basic Materials up by 0.23% and \u003ca href=\\\\\\\"https://opoyi.com/topics/healthcare/\\\\\\\"\u003eHealthcare\u003c/a\u003e was up by 0.04%, while Utilities down by 1.89%, Power-down by 1.81%, FMCG down by 1.46%, Bankex down by 1.30%, Capital Goods down by 1.12% were the top losing indices on BSE.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eSupport and Resistance levels\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The key support level for the Nifty is placed at 17,025, followed by 16,932. If the index moves up, the key resistance levels to watch out for are 17,282 and 17,446, according to pivot charts.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eSGX Nifty\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The trends on SGX Nifty indicate a negative opening for the index in \u003ca href=\\\\\\\"https://opoyi.com/india/\\\\\\\"\u003eIndia\u003c/a\u003e with a 75.50-points loss. The Nifty futures were trading at\u0026nbsp;17,166.00 on the Singaporean Exchange around 06:35 hours IST.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eAsian Markets\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Asian markets finished mixed. The Nikkei 225 gained 0.65% and the Shanghai Composite rose 0.08%. The Hang Seng lost 0.89%\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/topics/nasdaq/\\\\\\\"\u003e\u003cb\u003eUS Markets\u003c/b\u003e\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The S\u0026amp;P 500 fell 1.94 points, less than 0.1%, to 4,461.18.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Dow Jones Industrial Average fell 201.94 points, 0.6%, to 34,552.99\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Nasdaq fell 55.38 points, or 0.4%, to 13,838.46.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Russell 2000 index of smaller companies fell 20.21 points, or 1%, to 2,065.94.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eEuropean Markets\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"European markets finished mixed. The FTSE 100 gained 0.51%, while the DAX led the CAC 40 lower. They fell 0.60% and 0.46% respectively.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/business/lic-ipo-government-files-updated-drhp-with-results-293088/\\\\\\\"\u003e\u003cb\u003eLIC IPO: Government files updated DRHP with results\u003c/b\u003e\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The government has filed updated draft papers with the Securities Exchange Board of India (SEBI) for an initial public offering (IPO) of LIC, including the \u003ca href=\\\\\\\"https://opoyi.com/business/lic-third-quarter-net-profit-jumps-to-rs-235-crore-643053/\\\\\\\"\u003eDecember quarter results\u003c/a\u003e of the insurance giant, PTI reported citing officials on Monday. On February 13, the government had filed a draft red herring prospectus (DRHP) with the market regulator \u003ca href=\\\\\\\"https://opoyi.com/topics/sebi/\\\\\\\"\u003eSEBI\u003c/a\u003e providing details of LIC's financial results till September. \u003ca href=\\\\\\\"https://opoyi.com/business/lic-gets-sebis-nod-for-the-biggest-indian-ipo-ever-374614/\\\\\\\"\u003eSEBI approved the DRHP\u003c/a\u003e earlier this month. \\\\\\\"Updated DRHP of LIC with December financials has been filed,\\\\\\\" an official said, adding that it was mandatory. According to the latest financials, the insurance giant reported a net profit of Rs 235 crore in the October-December quarter. The net profit in April-December 2021 rose to Rs 1671.57 crore from Rs 7.08 crore in the year-ago period.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eCrude oil prices have risen by more than $4 as \u003ca href=\\\\\\\"https://opoyi.com/topics/eu/\\\\\\\"\u003eEU\u003c/a\u003e weighs imposing a ban on Russian oil\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Oil prices jumped by more than $4 on Monday, with Brent crude climbing above $111 a barrel, as European Union nations considered joining the United States in a Russian oil embargo and after a weekend attack on Saudi oil facilities. Brent crude futures were up $4.44, or 4.1%, at $112.37 a barrel by 1321 GMT, adding to a 1.2% rise on Friday. U.S. West Texas Intermediate (WTI) crude futures rose $4.05, or 3.9%, to $108.75, extending Friday's 1.7% jump. Prices moved higher ahead of talks this week between European Union governments and U.S. President Joe Biden in a series of summits that aims to harden the West's response to Moscow over its invasion of Ukraine.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eREC board approves\u0026nbsp; borrowing plan of Rs 85,000 crore for 2022-23\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"REC on March 21 approved a proposal to raise up to Rs 85,000 crore in 2022-23 which includes Rs 75,000 crore from different types of bonds, term loans, external commercial borrowing among others. \\\\\\\"The Board of Directors of REC Ltd in its meeting held on March 21, 2022, inter-alia approved the market borrowing programme under different debt segments for the financial year 2022-23,\\\\\\\" a BSE filing stated. The total borrowing plan approved by the board is for Rs 85,000 crore for 2022-23. According to the filing, the company has planned to raise Rs 75,000 through the issuance of bonds, term loans, and external commercial borrowings. It will also raise up to Rs 5,000 crore through short-term loans from Banks/Fls/NBFCs etc. The company has also planned to raise Rs 5,000 crore through commercial papers.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eIndia clarifies Russian oil imports, claiming that it accounts for less than 1% of overall imports in 2021-22\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Government of India on March 21 issued an import clarification on Russian oil and said it constitutes less than one percent of total imports, CNBC-TV18 reported. Minister of State for Petroleum and Natural Gas Rameswar Teli said: “The Indian Oil \u0026amp; Gas Public Sector Undertakings have imported less than one percent of their total crude oil import from Russia in the year 2021-2022 (till January).” He further clarified that the oil PSUs in India have diversified procurement from various geographical locations. Teli added that India is closely monitoring the global energy markets and potential disruptions and is ready to take all steps to mitigate market volatility. The Indian government is reportedly looking to increase its imports of Russian oil, to boost its energy supplies at a discount. India, which imports 80 percent of its oil needs, usually buys about two to three percent of its supplies from Russia. But with oil prices up 40 percent so far this year, the government is looking at increasing this if it can help reduce its rising energy bill.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/business/rbi-cancels-licence-of-uttar-pradesh-based-people-co-operative-bank-389530/\\\\\\\"\u003e\u003cb\u003eRBI cancels licence of Uttar Pradesh-based People's Co-operative Bank\u003c/b\u003e\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Reserve Bank of India (RBI) has cancelled the licence of People’s Co-operative Bank Limited in \u003ca href=\\\\\\\"https://opoyi.com/topics/uttarpradesh/\\\\\\\"\u003eUttar Pradesh\u003c/a\u003e, the central bank said in a press statement on March 21. People’s Co-operative is the fourth such bank to face RBI action this year. The bank ceased to carry out banking business, with effect from the close of business on March 21, 2022. In a release, the RBI said that the licence was cancelled as the bank didn’t have adequate capital and earning prospects, and it failed to comply with various sections of the Banking Regulation Act. \\\\\\\"The Commissioner for Cooperation and Registrar of Cooperative Societies, Uttar Pradesh has also been requested to issue an order for winding up the bank and appoint a liquidator for the bank,\\\\\\\" the RBI said. The continuance of the bank is prejudicial to the interests of its depositors as its financial position wouldn’t allow the bank to pay the depositors in full. The public interest would be affected if the bank was allowed to carry on its business, the banking regulator added.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/topics/bulkdeal/\\\\\\\"\u003e\u003cb\u003eBulk Deal data\u003c/b\u003e\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"HINDUJA REALTY VENTURES LIMITED bought 6,00,000 shares in Hinduja Global Sols Ltd at Rs 1090.00 per share on the \u003ca href=\\\\\\\"https://opoyi.com/topics/nse/\\\\\\\"\u003eNSE\u003c/a\u003e.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"OLGA TRADING PRIVATE LIMITED sold 33,84,255 shares in KBC Global Limited at Rs 11.30 per share on the NSE.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"NATH INDUSTRIES LIMITED bought 2,00,000 shares in Nath Bio-Genes (I) Ltd at Rs 228.70 per share on the NSE.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"NIRAJ RAJNIKANT SHAH bought 3,50,000 shares in North East Carry Corp Ltd at Rs 27.68 per share on the NSE.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"GMO EMERGING MARKET FUND bought 8,19,000 shares of Satin Credit Net Ltd at Rs 101.47 per share on NSE.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"RAJASTHAN GLOBAL SECURITIES PVT LTD bought 4,90,815 shares of Selan Exploration Technology at Rs 183.41 per share on NSE.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"APL APOLLO MART LIMITED bought 10,00,000 shares in Shankara Bldg Product Ltd at Rs 755.00 per share on the NSE.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"VASANI ATUL ARVINDBHAI sold 10,00,000 shares in Vaishali Pharma Limited at Rs 58.39 per share on the NSE.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"DREAM DUO LLP sold 9,62,568 shares in Vishal Fabrics Limited at Rs 35.50 per share on the NSE.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/topics/fiianddii/\\\\\\\"\u003e\u003cb\u003eDII and FII data\u003c/b\u003e\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Foreign institutional investors (FIIs) sold shares worth a net Rs 2,962.12 crore, while domestic institutional investors (DIIs) bought shares worth a net Rs 252.91 crore in the Indian equity market on March 21, as per provisional data available on the NSE.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/topics/foban/\\\\\\\"\u003e\u003cb\u003eNSE F\u0026amp;O Ban\u003c/b\u003e\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Balrampur Chini Mills, Delta Corp, and Indiabulls Housing Finance are under the F\u0026amp;O ban for March 22. Securities in the ban period under the F\u0026amp;O segment include companies in which the security has crossed 95% of the market-wide position limit.\\\"}}]}","relatedPosts":null,"location":null,"createdBy":{"name":"Yash Sadhak Shrivastava","photo":"https://opoyi.com/images/opoyi_YTc6hxpHI.jpg?tr=w-600,q-70,dpr","username":"yashsadhak","id":"hVr8BLevnFNI","role":null},"topics":[{"name":"TradeSetup","slug":"tradesetup","id":"odcbbjEYtYHE","isSection":0},{"name":"StockMarket","slug":"stockmarket","id":"vHCI0WQLTd1o","isSection":0},{"name":"Sensex","slug":"sensex","id":"MhfKMlGWFTBF","isSection":0},{"name":"ShareMarket","slug":"sharemarket","id":"PkCsd9oT2rCN","isSection":0},{"name":"Nifty","slug":"nifty","id":"2JvkXElbbqnQ","isSection":0},{"name":"EuropeanUnion","slug":"europeanunion","id":"BIZ15K463b6h","isSection":0},{"name":"NSE","slug":"nse","id":"74WQDLQfPQDQ","isSection":0},{"name":"uttar","slug":"uttar","id":"w5Dt6bNYH3O9","isSection":0},{"name":"India","slug":"india","id":"Bq4MmUPrXF8p","isSection":1},{"name":"HealthCare","slug":"healthcare","id":"OHM8LeWpwll6","isSection":0},{"name":"UttarPradesh","slug":"uttarpradesh","id":"IIhc25IH8ZUl","isSection":0},{"name":"SEBI","slug":"sebi","id":"3nLmnZjR2Qlg","isSection":0},{"name":"indian","slug":"indian","id":"YTJpdaKq5t2z","isSection":0},{"name":"US","slug":"us","id":"0JelBm6rMusZ","isSection":0},{"name":"Ukraine","slug":"ukraine","id":"Dq03BAdFix29","isSection":0},{"name":"EU","slug":"eu","id":"HocLiZmmkT0u","isSection":0},{"name":"Moscow","slug":"moscow","id":"uXRd89o0MuOj","isSection":0},{"name":"JoeBiden","slug":"joebiden","id":"tLOXw4T5mTfp","isSection":0},{"name":"Russia","slug":"russia","id":"ZdjTIzNom80K","isSection":0},{"name":"RBI","slug":"rbi","id":"mmhRjdCmZCj0","isSection":0}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Yash Sadhak Shrivastava","id":"hVr8BLevnFNI","username":"yashsadhak","role":2,"userType":0}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-03-22T06:45:00+05:30","publisher":6,"sourceFeed":null,"cleanText":"After a two-day rapid surge, Indian equity markets closed Monday's session in negative territory, down a per cent, as the ongoing conflict in Ukraine drove up oil prices. Crude prices have surpassed $110 per barrel, blowing predictions of increased inflation. Markets opened slightly higher as some support arrived as India's tax collection on personal and corporate income increased by more than 48% in the current fiscal year, following a 41% increase in advance tax payments, reflecting a sustained economic recovery in a year marked by two waves of coronavirus outbreaks. The Nifty50 has formed a bearish candle on the daily chart, though the market's medium-term texture still appears to be on the positive side, according to Shrikant Chouhan, Head of Equity Research (Retail) at Kotak Securities. He is of the view that the index's 50-day simple moving average of around 17,250 is now an immediate hurdle for the bulls. Below this zone, a correction wave is likely to continue till 17,000-16,975. A fresh uptrend is possible only after a breakout at 17,250, above which there are bright chances of 17,350-17,400 levels, he says. Indian Indices,Sensex fell 571.44 points or 0.99% to 57,292.49 and Nifty was down by 169.45 points or 0.98% to 17,117.60 in the previous session. Sensex touched high and low of 58,127.95 and 57,229.08, respectively. There were 5 stocks advancing against 25 stocks declining on the index. Nifty traded in a range of 17,096.40 and 17,353.35. There were 9 stocks advancing against 40 stocks declining, while 1 stock remained unchanged on the index. ,Broader Indices,The broader indices ended mixed with the BSE Midcap index falling 0.68%, while the Small cap index was up by 0.38%. The few gaining sectoral indices on the BSE were Metal up by 1.70%, Basic Materials up by 0.23% and Healthcare was up by 0.04%, while Utilities down by 1.89%, Power-down by 1.81%, FMCG down by 1.46%, Bankex down by 1.30%, Capital Goods down by 1.12% were the top losing indices on BSE. Support and Resistance levels,The key support level for the Nifty is placed at 17,025, followed by 16,932. If the index moves up, the key resistance levels to watch out for are 17,282 and 17,446, according to pivot charts. SGX Nifty,The trends on SGX Nifty indicate a negative opening for the index in India with a 75.50-points loss. The Nifty futures were trading at 17,166.00 on the Singaporean Exchange around 06:35 hours IST. Asian Markets,Asian markets finished mixed. The Nikkei 225 gained 0.65% and the Shanghai Composite rose 0.08%. The Hang Seng lost 0.89%,US Markets,The S\u0026P 500 fell 1.94 points, less than 0.1%, to 4,461.18. The Dow Jones Industrial Average fell 201.94 points, 0.6%, to 34,552.99,The Nasdaq fell 55.38 points, or 0.4%, to 13,838.46. The Russell 2000 index of smaller companies fell 20.21 points, or 1%, to 2,065.94. European Markets,European markets finished mixed. The FTSE 100 gained 0.51%, while the DAX led the CAC 40 lower. They fell 0.60% and 0.46% respectively. LIC IPO: Government files updated DRHP with results,The government has filed updated draft papers with the Securities Exchange Board of India (SEBI) for an initial public offering (IPO) of LIC, including the December quarter results of the insurance giant, PTI reported citing officials on Monday. On February 13, the government had filed a draft red herring prospectus (DRHP) with the market regulator SEBI providing details of LIC's financial results till September. SEBI approved the DRHP earlier this month. Updated DRHP of LIC with December financials has been filed, an official said, adding that it was mandatory. According to the latest financials, the insurance giant reported a net profit of Rs 235 crore in the October-December quarter. The net profit in April-December 2021 rose to Rs 1671.57 crore from Rs 7.08 crore in the year-ago period. Crude oil prices have risen by more than $4 as EU weighs imposing a ban on Russian oil,Oil prices jumped by more than $4 on Monday, with Brent crude climbing above $111 a barrel, as European Union nations considered joining the United States in a Russian oil embargo and after a weekend attack on Saudi oil facilities. Brent crude futures were up $4.44, or 4.1%, at $112.37 a barrel by 1321 GMT, adding to a 1.2% rise on Friday. U.S. West Texas Intermediate (WTI) crude futures rose $4.05, or 3.9%, to $108.75, extending Friday's 1.7% jump. Prices moved higher ahead of talks this week between European Union governments and U.S. President Joe Biden in a series of summits that aims to harden the West's response to Moscow over its invasion of Ukraine. REC board approves borrowing plan of Rs 85,000 crore for 2022-23,REC on March 21 approved a proposal to raise up to Rs 85,000 crore in 2022-23 which includes Rs 75,000 crore from different types of bonds, term loans, external commercial borrowing among others. The Board of Directors of REC Ltd in its meeting held on March 21, 2022, inter-alia approved the market borrowing programme under different debt segments for the financial year 2022-23, a BSE filing stated. The total borrowing plan approved by the board is for Rs 85,000 crore for 2022-23. According to the filing, the company has planned to raise Rs 75,000 through the issuance of bonds, term loans, and external commercial borrowings. It will also raise up to Rs 5,000 crore through short-term loans from Banks/Fls/NBFCs etc. The company has also planned to raise Rs 5,000 crore through commercial papers. India clarifies Russian oil imports, claiming that it accounts for less than 1% of overall imports in 2021-22,The Government of India on March 21 issued an import clarification on Russian oil and said it constitutes less than one percent of total imports, CNBC-TV18 reported. Minister of State for Petroleum and Natural Gas Rameswar Teli said: “The Indian Oil \u0026 Gas Public Sector Undertakings have imported less than one percent of their total crude oil import from Russia in the year 2021-2022 (till January).” He further clarified that the oil PSUs in India have diversified procurement from various geographical locations. Teli added that India is closely monitoring the global energy markets and potential disruptions and is ready to take all steps to mitigate market volatility. The Indian government is reportedly looking to increase its imports of Russian oil, to boost its energy supplies at a discount. India, which imports 80 percent of its oil needs, usually buys about two to three percent of its supplies from Russia. But with oil prices up 40 percent so far this year, the government is looking at increasing this if it can help reduce its rising energy bill. RBI cancels licence of Uttar Pradesh-based People's Co-operative Bank,The Reserve Bank of India (RBI) has cancelled the licence of People’s Co-operative Bank Limited in Uttar Pradesh, the central bank said in a press statement on March 21. People’s Co-operative is the fourth such bank to face RBI action this year. The bank ceased to carry out banking business, with effect from the close of business on March 21, 2022. In a release, the RBI said that the licence was cancelled as the bank didn’t have adequate capital and earning prospects, and it failed to comply with various sections of the Banking Regulation Act. The Commissioner for Cooperation and Registrar of Cooperative Societies, Uttar Pradesh has also been requested to issue an order for winding up the bank and appoint a liquidator for the bank, the RBI said. The continuance of the bank is prejudicial to the interests of its depositors as its financial position wouldn’t allow the bank to pay the depositors in full. The public interest would be affected if the bank was allowed to carry on its business, the banking regulator added. Bulk Deal data,HINDUJA REALTY VENTURES LIMITED bought 6,00,000 shares in Hinduja Global Sols Ltd at Rs 1090.00 per share on the NSE. OLGA TRADING PRIVATE LIMITED sold 33,84,255 shares in KBC Global Limited at Rs 11.30 per share on the NSE. NATH INDUSTRIES LIMITED bought 2,00,000 shares in Nath Bio-Genes (I) Ltd at Rs 228.70 per share on the NSE. NIRAJ RAJNIKANT SHAH bought 3,50,000 shares in North East Carry Corp Ltd at Rs 27.68 per share on the NSE. GMO EMERGING MARKET FUND bought 8,19,000 shares of Satin Credit Net Ltd at Rs 101.47 per share on NSE. RAJASTHAN GLOBAL SECURITIES PVT LTD bought 4,90,815 shares of Selan Exploration Technology at Rs 183.41 per share on NSE. APL APOLLO MART LIMITED bought 10,00,000 shares in Shankara Bldg Product Ltd at Rs 755.00 per share on the NSE. VASANI ATUL ARVINDBHAI sold 10,00,000 shares in Vaishali Pharma Limited at Rs 58.39 per share on the NSE. DREAM DUO LLP sold 9,62,568 shares in Vishal Fabrics Limited at Rs 35.50 per share on the NSE. DII and FII data,Foreign institutional investors (FIIs) sold shares worth a net Rs 2,962.12 crore, while domestic institutional investors (DIIs) bought shares worth a net Rs 252.91 crore in the Indian equity market on March 21, as per provisional data available on the NSE. NSE F\u0026O Ban,Balrampur Chini Mills, Delta Corp, and Indiabulls Housing Finance are under the F\u0026O ban for March 22. Securities in the ban period under the F\u0026O segment include companies in which the security has crossed 95% of the market-wide position limit.","portalUser":{"id":"MK3GmgLG7wo1","name":"Opoyi Business","username":"OpoyiBusiness","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_D6026Kum9dg.jpg","role":2,"userType":1},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":null,"keywords":"Trade setup, stock market news, stock news, share market news, sensex today, nifty today, gdp rate, sebi news,NSE,India,Russian,Indian,RBI,Ukraine,LIC,European Union,Russia,Uttar,Shrikant Chouhan,Equity Research (Retail,Kotak Securities,Indian Indices Sen","originalPublishedOn":"2022-03-22T06:45:00+05:30"}},{"node":{"id":"feEd49gvQ7ek","slug":"english/lic-ipo-government-files-updated-drhp-with-results","slugV2":"business/lic-ipo-government-files-updated-drhp-with-results-293088/","title":"LIC IPO: Government files updated DRHP with results","postType":1,"coverMedia":"/opoyi_bOJPwYQjF.jpg","coverCaption":"The Centre has set a revised disinvestment target of Rs 65,000 crore for the next fiscal year (Photo Credit: Twitter/@LICIndiaForever)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-03-21T21:18:51+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eThe government has filed updated draft papers with the SEBI\u003c/li\u003e\n \u003cli\u003eLIC reported a net profit of Rs 235 crore in the October-December quarter\u003c/li\u003e\n \u003cli\u003eThe government is looking to raise over Rs 60,000 crore by selling a 5% stake in the LIC\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1647877729961,\\\"strCount\\\":3593,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The government has filed updated draft papers with the Securities Exchange Board of India (SEBI) for an initial public offering (IPO) of LIC, including the \u003ca href=\\\\\\\"https://opoyi.com/business/lic-third-quarter-net-profit-jumps-to-rs-235-crore-643053/\\\\\\\"\u003eDecember quarter results\u003c/a\u003e of the insurance giant, PTI reported citing officials on Monday.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"On February 13, the government had filed a draft red herring prospectus (DRHP) with the market regulator SEBI providing details of LIC's financial results till September. \u003ca href=\\\\\\\"https://opoyi.com/business/lic-gets-sebis-nod-for-the-biggest-indian-ipo-ever-374614/\\\\\\\"\u003eSEBI approved the DRHP\u003c/a\u003e earlier this month.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/usa/government-seeking-to-classify-cryptocurrencies-under-gst-law-468114/\\\\\\\"\u003eGovernment seeking to classify cryptocurrencies under GST law\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\\\\\\\"Updated DRHP of LIC with December financials has been filed,\\\\\\\" an official said, adding that it was mandatory.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"According to the latest financials, the insurance giant reported a net profit of Rs 235 crore in the October-December quarter. The net profit in April-December 2021 rose to Rs 1671.57 crore from Rs 7.08 crore in the year-ago period.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/indian-bulk-diesel-purchasers-rush-to-secure-supplies-from-retail-outlets-377294/\\\\\\\"\u003eIndian bulk diesel purchasers rush to secure supplies from retail outlets\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The government is looking to raise over Rs 60,000 crore by selling around 31.6 crore shares or a 5% stake in the LIC to meet the revised disinvestment target of Rs 78,000 crore in the current financial year.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The LIC IPO was expected to be launched in March 2022, but the Russia-Ukraine crisis has derailed the plan as stock markets are highly volatile worldwide.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/world/oil-prices-rise-due-to-pressure-of-russia-ukraine-conflict-500334/\\\\\\\"\u003eOil prices rise due to pressure of Russia-Ukraine conflict\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The government can launch the IPO till May 12 without filing fresh papers with Sebi.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"LIC's embedded value, which is a measure of the consolidated shareholders' value in an insurance company, was estimated at around Rs 5.4 lakh crore as of September 30, 2021, by international actuarial firm Milliman Advisors.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/lic-ipo-ukraine-crisis-likely-to-impact-foreign-investor-interest-482495/\\\\\\\"\u003eLIC IPO: Ukraine crisis likely to impact foreign investor interest\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The DRHP does not disclose LIC’s market valuation but according to industry standards, it would be about three times the embedded value.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"With a 5% stake dilution, the LIC IPO would be the biggest ever in the history of the Indian stock market. After listing, its market valuation would be comparable to top firms like Reliance Industries (RIL) and Tata Consultancy Services (TCS).\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/business/paytm-slips-20-in-two-days-m-cap-falls-below-rs-40000-crore-325070/\\\\\\\"\u003ePaytm's IPO\u003c/a\u003e in 2021 was the largest ever raising Rs 18,300 crore, followed by Coal India (2010) at around Rs 15,500 crore and Reliance Power (2008) at Rs 11,700 crore.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/lic-ipo-chairman-mr-kumar-says-company-is-well-capitalised-480410/\\\\\\\"\u003eLIC IPO: Chairman MR Kumar says company is 'well capitalised'\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"In the current fiscal year so far, the government has raised Rs 12,423.67 crore through offer for sale (OFS), employee OFS, strategic disinvestment and buyback. The target for the full fiscal year is Rs 78,000 crore.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The \u003ca href=\\\\\\\"https://opoyi.com/topics/centre/\\\\\\\"\u003eCentre\u003c/a\u003e has set a revised disinvestment target of Rs 65,000 crore for the next fiscal year.\\\"}}]}","relatedPosts":null,"location":null,"createdBy":{"name":"Devanshu Singla","photo":"","username":"devanshusingla","id":"aJeiSJdpGmAb","role":null},"topics":[{"name":"LIC","slug":"lic","id":"DW8dhye7EZXw","isSection":0},{"name":"SEBI","slug":"sebi","id":"3nLmnZjR2Qlg","isSection":0},{"name":"StockMarket","slug":"stockmarket","id":"vHCI0WQLTd1o","isSection":0},{"name":"IPO","slug":"ipo","id":"JcXJ1FRsdnpu","isSection":0},{"name":"Business","slug":"business","id":"1hd39Bl2AdAV","isSection":1},{"name":"ShareMarket","slug":"sharemarket","id":"PkCsd9oT2rCN","isSection":0}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Devanshu Singla","id":"aJeiSJdpGmAb","username":"devanshusingla","role":2,"userType":0}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-03-21T21:18:50+05:30","publisher":6,"sourceFeed":null,"cleanText":"The government has filed updated draft papers with the Securities Exchange Board of India (SEBI) for an initial public offering (IPO) of LIC, including the December quarter results of the insurance giant, PTI reported citing officials on Monday. On February 13, the government had filed a draft red herring prospectus (DRHP) with the market regulator SEBI providing details of LIC's financial results till September. SEBI approved the DRHP earlier this month. Also Read | Government seeking to classify cryptocurrencies under GST law,Updated DRHP of LIC with December financials has been filed, an official said, adding that it was mandatory. According to the latest financials, the insurance giant reported a net profit of Rs 235 crore in the October-December quarter. The net profit in April-December 2021 rose to Rs 1671.57 crore from Rs 7.08 crore in the year-ago period. Also Read | Indian bulk diesel purchasers rush to secure supplies from retail outlets,The government is looking to raise over Rs 60,000 crore by selling around 31.6 crore shares or a 5% stake in the LIC to meet the revised disinvestment target of Rs 78,000 crore in the current financial year. The LIC IPO was expected to be launched in March 2022, but the Russia-Ukraine crisis has derailed the plan as stock markets are highly volatile worldwide. Also Read | Oil prices rise due to pressure of Russia-Ukraine conflict,The government can launch the IPO till May 12 without filing fresh papers with Sebi. LIC's embedded value, which is a measure of the consolidated shareholders' value in an insurance company, was estimated at around Rs 5.4 lakh crore as of September 30, 2021, by international actuarial firm Milliman Advisors. Also Read | LIC IPO: Ukraine crisis likely to impact foreign investor interest,The DRHP does not disclose LIC’s market valuation but according to industry standards, it would be about three times the embedded value. With a 5% stake dilution, the LIC IPO would be the biggest ever in the history of the Indian stock market. After listing, its market valuation would be comparable to top firms like Reliance Industries (RIL) and Tata Consultancy Services (TCS). Paytm's IPO in 2021 was the largest ever raising Rs 18,300 crore, followed by Coal India (2010) at around Rs 15,500 crore and Reliance Power (2008) at Rs 11,700 crore. Also Read | LIC IPO: Chairman MR Kumar says company is 'well capitalised',In the current fiscal year so far, the government has raised Rs 12,423.67 crore through offer for sale (OFS), employee OFS, strategic disinvestment and buyback. The target for the full fiscal year is Rs 78,000 crore. The Centre has set a revised disinvestment target of Rs 65,000 crore for the next fiscal year.","portalUser":{"id":"MK3GmgLG7wo1","name":"Opoyi Business","username":"OpoyiBusiness","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_D6026Kum9dg.jpg","role":2,"userType":1},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":null,"keywords":"LIC,OFS,the Securities Exchange Board of India,SEBI,Russia,Sebi,Milliman Advisors,Reliance Industries (RIL,Tata Consultancy Services,Paytm,Reliance Power,Centre,LIC IPO, LIC IPO DRHP, stock markets,Stock market news, india news,business news","originalPublishedOn":"2022-03-21T21:18:50+05:30"}},{"node":{"id":"DTcFwGojqaai","slug":"english/trade-setup-top-15-things-to-know-before-market-opens-on-march-16-2022","slugV2":"india/trade-setup-top-15-things-to-know-before-market-opens-on-march-16-2022-264762/","title":"Trade Setup: Top 15 things to know before market opens on March 16, 2022","postType":1,"coverMedia":"/opoyi_hQ4MV2MGy.jpg","coverCaption":"The broader indices ended in red with the BSE Midcap index falling 0.68%, while the Small cap index was down by 0.88%. (Photo Credit: Representational Image/Pixabay)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-03-16T07:05:44+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eSensex fell 709.17 points or 1.26% to 55,776.85 and Nifty was down by 208.30 points or 1.23% to 16,663.00\u003c/li\u003e\n \u003cli\u003eFIIs sold shares worth a net Rs 1249.74 crore while DIIs bought shares worth a net Rs 98.25 crore\u003c/li\u003e\n \u003cli\u003eThe trends on SGX Nifty indicate a flat opening for the index in India\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1647394544324,\\\"strCount\\\":10740,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Indian equity indices on Tuesday reversed a five-day winning streak and closed in the negative, reflecting lacklustre global markets. Metal, oil and gas, energy, and IT losses dragged down the main indices. \\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Following a positive start, key indices gave up gains and traded lower for the day, as traders became cautious with data released by the Ministry of Statistics and Programme Implementation showing that India's retail inflation rate in February rose to an eight-month high of 6.07%, up from 6.01% the previous month, and remained above the central bank's comfort level of 6% for the second consecutive month.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Nifty50 has formed a long bear candle on the daily chart that almost engulfs the previous bull candle, suggesting the formation of a bearish dark cloud cover type pattern at the highs, according to Nagaraj Shetti, Technical Research Analyst at HDFC Securities.\u0026nbsp;\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"One can expect more weakness in the coming session, he said.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/topics/closingbell/\\\\\\\"\u003e\u003cb\u003eIndian Indices\u003c/b\u003e\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Sensex fell 709.17 points or 1.26% to 55,776.85 and Nifty was down by 208.30 points or 1.23% to 16,663.00 in the previous session. Sensex touched high and low of 56,720.60 and 55,418.95, respectively. There were 9 stocks advancing against 21 stocks declining on the index. Nifty traded in a range of 16,927.75 and 16,555.00. There were 14 stocks advancing against 36 stocks declining on the index.\u0026nbsp;\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eBroader Indices\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The broader indices ended in red with the BSE Midcap index falling 0.68%, while the Small cap index was down by 0.88%. The only gaining sectoral index on the BSE was Auto up by 0.56%, while Metal down by 4.34%, Oil \u0026amp; Gas down by 2.58%, Energy down by 2.41%, IT down by 2.32%, TECK down by 2.07% were the top losing indices on BSE.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eSupport and Resistance levels\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The key support level for the Nifty is placed at 16,503, followed by 16,342. If the index moves up, the key resistance levels to watch out for are 16,875 and 17,088, according to pivot charts.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eSGX Nifty\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The trends on SGX Nifty indicate a flat opening for the index in \u003ca href=\\\\\\\"https://opoyi.com/india/\\\\\\\"\u003eIndia\u003c/a\u003e with a 7-points loss. The Nifty futures were trading at 16,912.50 on the Singaporean Exchange around 07:00 hours IST.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eAsian Markets\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Asian markets finished mixed. The Nikkei 225 gained 0.15%, while the Shanghai Composite led the Hang Seng lower. They fell 7.04% and 5.72% respectively.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/topics/nasdaq/\\\\\\\"\u003e\u003cb\u003eUS Markets\u003c/b\u003e\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The S\u0026amp;P 500 rose 89.34 points, or 2.1%, to 4,262.45.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Dow Jones Industrial Average rose 599.10 points, 1.8%, to 33,544.34.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Nasdaq rose 367.40 points, or 2.9%, to 12,948.62.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Russell 2000 index of smaller companies rose 27.25 points, or 1.4%, to 1,968.97.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eEuropean Markets\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"European markets finished lower yesterday with shares in \u003ca href=\\\\\\\"https://opoyi.com/topics/france/\\\\\\\"\u003eFrance\u003c/a\u003e leading the region. The CAC 40 was down 0.37% while London's FTSE 100 was off 0.25% and Germany's DAX was lower by 0.09%.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eSoftbank execs will leave the boards of \u003ca href=\\\\\\\"https://opoyi.com/topics/paytm/\\\\\\\"\u003ePaytm\u003c/a\u003e and Policybazaar\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Softbank representative on Indian fintech firm Paytm and Policybazaar, Munish Verma is stepping down from the companies’ boards, reported business-standard. The decision to step down from the boards of listed companies is part of Softbank’s global strategy to not be on boards of listed companies. “The bank has communicated this aspect to the companies at the time of the listing. They prefer not to be part of the boards of listed companies as their primary goal is an investment. In very few selective cases Softbank has stayed on board of few investee firms,” said a source in the know. Softbank will however retain the investments that it has in these firms. SoftBank owns a 17.4% stake in Paytm and around 12.4% stake in Policybazaar. Experts in the sector said that generally such a decision is taken because the primary goal of the investor is to invest, and they do so in similar firms. “By being on the board of the firm they are privy to information shared by the company to the board,” said the sources of business-standard.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eZomato will lend $150 million to Grofers India, acquire stake in Mukunda Foods\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/topics/zomato/\\\\\\\"\u003eZomato\u003c/a\u003e board on March 15 approved the acquisition of a 16.66% stake in Mukunda Foods Private Limited for a cash consideration of Rs 37.5 crore. The acquisition will be done via a subscription of 13,289 convertible preference shares and 10 equity shares of Mukunda Foods. Zomato said in a regulatory filing: “Pursuant to Regulation 30 and other applicable provisions of the Listing Regulations read with SEBI circular, we wish to inform you that the\u0026nbsp; board of directors\u0026nbsp; of Zomato Limited at its meeting held on March 15, 2022, has approved the acquisition by way of subscription of 13,289\u0026nbsp; (thirteen thousand two hundred eighty-nine) series B1 compulsorily convertible preference shares and 10 equity shares collectively aggregating to 16.66% of the share capital of Mukunda Foods Private Limited on a fully diluted basis, for an aggregate cash consideration of INR equivalent of $5 million (proposed investment).” The board has approved granting a loan of up to USD 150 million (around Rs 1,145 crore) to digital grocery shopping player, Grofers India Pvt Ltd (GIPL).\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003ePNB reports a Rs 2,060 crore fraud in the ITPCL NPA account\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Punjab National Bank (PNB), on March 15, reported a fraud of Rs 2,060 crore in the NPA account of IL\u0026amp;FS Tamil Nadu Power Company Limited (ITPCL). The bank informed it has already made provisions amounting to Rs 824.1 crore as per prescribed prudential norms. PNB said in a regulatory filing: “A fraud of Rs. 2060.14 crore is being reported by Bank to RBI in the accounts of the Company. Bank has already made provisions amounting to Rs 824.06 Crore, as per prescribed prudential norms.” Exactly a month ago, in February, Punjab \u0026amp; Sind Bank had declared IL\u0026amp;FS Tamil Nadu a fraud account with outstanding dues of Rs 148 crore. \\\\\\\"It is informed that an NPA account, viz IL\u0026amp;FS Tamil Nadu Power Company Ltd with outstanding dues of Rs 148.86 crore has been declared as fraud and reported to RBI today as per regulatory requirement,\\\\\\\" the lender said in a regulatory filing.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/india/oil-prices-drop-around-6-on-easing-supply-concerns-ukraine-talks-182700/\\\\\\\"\u003e\u003cb\u003eOil prices drop around 6% on easing supply concerns, Ukraine talks\u003c/b\u003e\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Oil prices plunged to their lowest levels in the past three weeks on Tuesday as supply disruption fears eased and rising COVID-19 cases in \u003ca href=\\\\\\\"https://opoyi.com/topics/china/\\\\\\\"\u003eChina\u003c/a\u003e triggered demand concerns. Brent futures slipped $6.40 or 5.9% to $100.50 per barrel at 13:08 GMT, while US West Texas Intermediate (WTI) crude was down $6.35 or 6.1% to $96.66 per barrel. Brent dropped as low as $97.44 and WTI touched $93.54, their lowest level since February 25. The sharp fall came after a statement from Russian Foreign Minister Sergei Lavrov that Russia supports the 2015 \u003ca href=\\\\\\\"https://opoyi.com/topics/iran/\\\\\\\"\u003eIran\u003c/a\u003e nuclear deal resuming as soon as possible, according to a Reuters report. The discussions to revive the nuclear agreement, which would lift sanctions on Iran's oil sector and allow \u003ca href=\\\\\\\"https://opoyi.com/topics/tehran/\\\\\\\"\u003eTehran\u003c/a\u003e to resume crude exports, were recently stalled by Russian demands. Oil prices extended their losses from the previous day’s 5% fall after a sudden rise in daily COVID-19 cases in China. The talks between \u003ca href=\\\\\\\"https://opoyi.com/topics/ukraine/\\\\\\\"\u003eUkraine\u003c/a\u003e and Russian officials were expected to continue on Tuesday, reported Reuters. On the other hand, sanctions against Russia by the western nations failed to stop China and India from buying Russian crude.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/business/india-plans-rs-24000-crore-sovereign-green-bond-issue-184577/\\\\\\\"\u003e\u003cb\u003eIndia plans Rs 24,000 crore sovereign green bond issue\u003c/b\u003e\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"India will issue sovereign green bonds worth at least Rs 24,000 crore ($3.3 billion) as the country marks a shift towards a low-carbon economy, reported Bloomberg citing officials with knowledge of the matter. The initial sale could start in the first half of the fiscal year starting April 1, and the decision to sell more green debt will be based on the response to the initial issuance, the official said, requesting anonymity as the information is private. Bloomberg reported that a finance ministry spokesperson was not immediately available for a reaction. “If there’s a fitment to the investment portfolio with a good risk-return trade-off then we will look at sovereign green bonds in every possible avenue,” said Chintan Haria, head of products and strategy at ICICI Prudential Asset Management Co, India’s third-largest asset manager. India’s debut in the green bond space comes as it plans to fund renewable energy projects that will help reach its goal of net-zero emissions by 2070. In Budget 2022-23, the government had announced a sovereign green bond. The government expects lower yields on green bonds, as otherwise, it sees little purpose in issuing them, the officials said. The yield on the 10-year sovereign bond settled at 6.85% on Monday.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/topics/bulkdeal/\\\\\\\"\u003e\u003cb\u003eBulk Deal data\u003c/b\u003e\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"BAKUL HEERALAL JAIN sold 46,400 shares in Atal Realtech Limited at Rs 112.71 per share on the \u003ca href=\\\\\\\"https://opoyi.com/topics/nse/\\\\\\\"\u003eNSE\u003c/a\u003e.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"RANE HOLDINGS LIMITED bought 50,000 shares in Rane Brake Lining Limited at Rs 670.35 per share on the NSE.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"APOLLO EARTHMOVERS LIMITED sold 55,000 shares in Dangee Dums Limited at Rs 275.02 per share on the NSE.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"PIYUSHKUMAR THUMAR sold 1,53,000 shares of Bright Solar Limited at Rs 5.72 per share on NSE.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"ATITHI DEALERS PVT. LTD. bought 80,000 shares of Panache Digilife Limited at Rs 51.00 per share on NSE.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"CHANDRA MEHTA bought 1,00,000 shares in Selan Exploration Technology at Rs 151.72 per share on the NSE.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"DALAL AND BROACHA STOCK BROKING PVT LTD sold 55,00,000 equity shares in Supreme Engineering Ltd at Rs 2.00 per share on the NSE, the bulk deals data showed.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/topics/fiianddii/\\\\\\\"\u003e\u003cb\u003eDII and FII data\u003c/b\u003e\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Foreign institutional investors (FIIs) sold shares worth a net Rs 1249.74 crore, while domestic institutional investors (DIIs) bought shares worth a net Rs 98.25 crore in the Indian equity market on March 15, as per provisional data available on the NSE.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/topics/foban/\\\\\\\"\u003e\u003cb\u003eNSE F\u0026amp;O Ban\u003c/b\u003e\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Balrampur Chini Mills is under the F\u0026amp;O ban for March 16. Securities in the ban period under the F\u0026amp;O segment include companies in which the security has crossed 95% of the market-wide position limit.\\\"}}]}","relatedPosts":null,"location":null,"createdBy":{"name":"Yash Sadhak Shrivastava","photo":"https://opoyi.com/images/opoyi_YTc6hxpHI.jpg?tr=w-600,q-70,dpr","username":"yashsadhak","id":"hVr8BLevnFNI","role":null},"topics":[{"name":"TradeSetup","slug":"tradesetup","id":"odcbbjEYtYHE","isSection":0},{"name":"StockMarket","slug":"stockmarket","id":"vHCI0WQLTd1o","isSection":0},{"name":"Sensex","slug":"sensex","id":"MhfKMlGWFTBF","isSection":0},{"name":"BSE","slug":"bse","id":"2seBd7Lyb8z6","isSection":0},{"name":"NSE","slug":"nse","id":"74WQDLQfPQDQ","isSection":0},{"name":"ShareMarket","slug":"sharemarket","id":"PkCsd9oT2rCN","isSection":0},{"name":"Nifty","slug":"nifty","id":"2JvkXElbbqnQ","isSection":0},{"name":"France","slug":"france","id":"aF0AipAbPtoh","isSection":0},{"name":"PayTM","slug":"paytm","id":"d7VUkjnjjo4q","isSection":0},{"name":"Zomato","slug":"zomato","id":"kr7p5Jo8FHO3","isSection":0},{"name":"Ukraine","slug":"ukraine","id":"Dq03BAdFix29","isSection":0},{"name":"India","slug":"india","id":"Bq4MmUPrXF8p","isSection":1},{"name":"Softbank","slug":"softbank","id":"xfZ0qmEiozHC","isSection":0},{"name":"Tehran","slug":"tehran","id":"ZUOJ590XecTL","isSection":0},{"name":"PunjabNationalBank","slug":"punjabnationalbank","id":"sXTkfmIcnQxI","isSection":0},{"name":"indian","slug":"indian","id":"YTJpdaKq5t2z","isSection":0},{"name":"China","slug":"china","id":"gtTvlJMpH5eQ","isSection":0},{"name":"SEBI","slug":"sebi","id":"3nLmnZjR2Qlg","isSection":0},{"name":"Bank","slug":"bank","id":"3qqcXJ1ffKSS","isSection":0},{"name":"Tamilnadu","slug":"tamilnadu","id":"gnnFxaHIC2iq","isSection":0},{"name":"Russia","slug":"russia","id":"ZdjTIzNom80K","isSection":0}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Yash Sadhak Shrivastava","id":"hVr8BLevnFNI","username":"yashsadhak","role":2,"userType":0}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-03-16T07:05:43+05:30","publisher":6,"sourceFeed":null,"cleanText":"Indian equity indices on Tuesday reversed a five-day winning streak and closed in the negative, reflecting lacklustre global markets. Metal, oil and gas, energy, and IT losses dragged down the main indices. ,Following a positive start, key indices gave up gains and traded lower for the day, as traders became cautious with data released by the Ministry of Statistics and Programme Implementation showing that India's retail inflation rate in February rose to an eight-month high of 6.07%, up from 6.01% the previous month, and remained above the central bank's comfort level of 6% for the second consecutive month. The Nifty50 has formed a long bear candle on the daily chart that almost engulfs the previous bull candle, suggesting the formation of a bearish dark cloud cover type pattern at the highs, according to Nagaraj Shetti, Technical Research Analyst at HDFC Securities. ,One can expect more weakness in the coming session, he said. Indian Indices,Sensex fell 709.17 points or 1.26% to 55,776.85 and Nifty was down by 208.30 points or 1.23% to 16,663.00 in the previous session. Sensex touched high and low of 56,720.60 and 55,418.95, respectively. There were 9 stocks advancing against 21 stocks declining on the index. Nifty traded in a range of 16,927.75 and 16,555.00. There were 14 stocks advancing against 36 stocks declining on the index. ,Broader Indices,The broader indices ended in red with the BSE Midcap index falling 0.68%, while the Small cap index was down by 0.88%. The only gaining sectoral index on the BSE was Auto up by 0.56%, while Metal down by 4.34%, Oil \u0026 Gas down by 2.58%, Energy down by 2.41%, IT down by 2.32%, TECK down by 2.07% were the top losing indices on BSE. Support and Resistance levels,The key support level for the Nifty is placed at 16,503, followed by 16,342. If the index moves up, the key resistance levels to watch out for are 16,875 and 17,088, according to pivot charts. SGX Nifty,The trends on SGX Nifty indicate a flat opening for the index in India with a 7-points loss. The Nifty futures were trading at 16,912.50 on the Singaporean Exchange around 07:00 hours IST. Asian Markets,Asian markets finished mixed. The Nikkei 225 gained 0.15%, while the Shanghai Composite led the Hang Seng lower. They fell 7.04% and 5.72% respectively. US Markets,The S\u0026P 500 rose 89.34 points, or 2.1%, to 4,262.45. The Dow Jones Industrial Average rose 599.10 points, 1.8%, to 33,544.34. The Nasdaq rose 367.40 points, or 2.9%, to 12,948.62. The Russell 2000 index of smaller companies rose 27.25 points, or 1.4%, to 1,968.97. European Markets,European markets finished lower yesterday with shares in France leading the region. The CAC 40 was down 0.37% while London's FTSE 100 was off 0.25% and Germany's DAX was lower by 0.09%. Softbank execs will leave the boards of Paytm and Policybazaar,Softbank representative on Indian fintech firm Paytm and Policybazaar, Munish Verma is stepping down from the companies’ boards, reported business-standard. The decision to step down from the boards of listed companies is part of Softbank’s global strategy to not be on boards of listed companies. “The bank has communicated this aspect to the companies at the time of the listing. They prefer not to be part of the boards of listed companies as their primary goal is an investment. In very few selective cases Softbank has stayed on board of few investee firms,” said a source in the know. Softbank will however retain the investments that it has in these firms. SoftBank owns a 17.4% stake in Paytm and around 12.4% stake in Policybazaar. Experts in the sector said that generally such a decision is taken because the primary goal of the investor is to invest, and they do so in similar firms. “By being on the board of the firm they are privy to information shared by the company to the board,” said the sources of business-standard. Zomato will lend $150 million to Grofers India, acquire stake in Mukunda Foods,Zomato board on March 15 approved the acquisition of a 16.66% stake in Mukunda Foods Private Limited for a cash consideration of Rs 37.5 crore. The acquisition will be done via a subscription of 13,289 convertible preference shares and 10 equity shares of Mukunda Foods. Zomato said in a regulatory filing: “Pursuant to Regulation 30 and other applicable provisions of the Listing Regulations read with SEBI circular, we wish to inform you that the board of directors of Zomato Limited at its meeting held on March 15, 2022, has approved the acquisition by way of subscription of 13,289 (thirteen thousand two hundred eighty-nine) series B1 compulsorily convertible preference shares and 10 equity shares collectively aggregating to 16.66% of the share capital of Mukunda Foods Private Limited on a fully diluted basis, for an aggregate cash consideration of INR equivalent of $5 million (proposed investment).” The board has approved granting a loan of up to USD 150 million (around Rs 1,145 crore) to digital grocery shopping player, Grofers India Pvt Ltd (GIPL). PNB reports a Rs 2,060 crore fraud in the ITPCL NPA account,Punjab National Bank (PNB), on March 15, reported a fraud of Rs 2,060 crore in the NPA account of IL\u0026FS Tamil Nadu Power Company Limited (ITPCL). The bank informed it has already made provisions amounting to Rs 824.1 crore as per prescribed prudential norms. PNB said in a regulatory filing: “A fraud of Rs. 2060.14 crore is being reported by Bank to RBI in the accounts of the Company. Bank has already made provisions amounting to Rs 824.06 Crore, as per prescribed prudential norms.” Exactly a month ago, in February, Punjab \u0026 Sind Bank had declared IL\u0026FS Tamil Nadu a fraud account with outstanding dues of Rs 148 crore. It is informed that an NPA account, viz IL\u0026FS Tamil Nadu Power Company Ltd with outstanding dues of Rs 148.86 crore has been declared as fraud and reported to RBI today as per regulatory requirement, the lender said in a regulatory filing. Oil prices drop around 6% on easing supply concerns, Ukraine talks,Oil prices plunged to their lowest levels in the past three weeks on Tuesday as supply disruption fears eased and rising COVID-19 cases in China triggered demand concerns. Brent futures slipped $6.40 or 5.9% to $100.50 per barrel at 13:08 GMT, while US West Texas Intermediate (WTI) crude was down $6.35 or 6.1% to $96.66 per barrel. Brent dropped as low as $97.44 and WTI touched $93.54, their lowest level since February 25. The sharp fall came after a statement from Russian Foreign Minister Sergei Lavrov that Russia supports the 2015 Iran nuclear deal resuming as soon as possible, according to a Reuters report. The discussions to revive the nuclear agreement, which would lift sanctions on Iran's oil sector and allow Tehran to resume crude exports, were recently stalled by Russian demands. Oil prices extended their losses from the previous day’s 5% fall after a sudden rise in daily COVID-19 cases in China. The talks between Ukraine and Russian officials were expected to continue on Tuesday, reported Reuters. On the other hand, sanctions against Russia by the western nations failed to stop China and India from buying Russian crude. India plans Rs 24,000 crore sovereign green bond issue,India will issue sovereign green bonds worth at least Rs 24,000 crore ($3.3 billion) as the country marks a shift towards a low-carbon economy, reported Bloomberg citing officials with knowledge of the matter. The initial sale could start in the first half of the fiscal year starting April 1, and the decision to sell more green debt will be based on the response to the initial issuance, the official said, requesting anonymity as the information is private. Bloomberg reported that a finance ministry spokesperson was not immediately available for a reaction. “If there’s a fitment to the investment portfolio with a good risk-return trade-off then we will look at sovereign green bonds in every possible avenue,” said Chintan Haria, head of products and strategy at ICICI Prudential Asset Management Co, India’s third-largest asset manager. India’s debut in the green bond space comes as it plans to fund renewable energy projects that will help reach its goal of net-zero emissions by 2070. In Budget 2022-23, the government had announced a sovereign green bond. The government expects lower yields on green bonds, as otherwise, it sees little purpose in issuing them, the officials said. The yield on the 10-year sovereign bond settled at 6.85% on Monday. Bulk Deal data,BAKUL HEERALAL JAIN sold 46,400 shares in Atal Realtech Limited at Rs 112.71 per share on the NSE. RANE HOLDINGS LIMITED bought 50,000 shares in Rane Brake Lining Limited at Rs 670.35 per share on the NSE. APOLLO EARTHMOVERS LIMITED sold 55,000 shares in Dangee Dums Limited at Rs 275.02 per share on the NSE. PIYUSHKUMAR THUMAR sold 1,53,000 shares of Bright Solar Limited at Rs 5.72 per share on NSE. ATITHI DEALERS PVT. LTD. bought 80,000 shares of Panache Digilife Limited at Rs 51.00 per share on NSE. CHANDRA MEHTA bought 1,00,000 shares in Selan Exploration Technology at Rs 151.72 per share on the NSE. DALAL AND BROACHA STOCK BROKING PVT LTD sold 55,00,000 equity shares in Supreme Engineering Ltd at Rs 2.00 per share on the NSE, the bulk deals data showed. DII and FII data,Foreign institutional investors (FIIs) sold shares worth a net Rs 1249.74 crore, while domestic institutional investors (DIIs) bought shares worth a net Rs 98.25 crore in the Indian equity market on March 15, as per provisional data available on the NSE. NSE F\u0026O Ban,Balrampur Chini Mills is under the F\u0026O ban for March 16. Securities in the ban period under the F\u0026O segment include companies in which the security has crossed 95% of the market-wide position limit.","portalUser":{"id":"MK3GmgLG7wo1","name":"Opoyi Business","username":"OpoyiBusiness","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_D6026Kum9dg.jpg","role":2,"userType":1},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":null,"keywords":"Trade setup, stock market news, stock news, share market news, sensex today, nifty today, gdp rate, sebi news,India,NSE,Russian,Indian,Paytm,NPA,China,Policybazaar,Zomato,Mukunda Foods Private Limited,PNB,RBI,Ukraine,Russia,Iran","originalPublishedOn":"2022-03-16T07:05:43+05:30"}},{"node":{"id":"4pvL2hhjOGH6","slug":"english/ruchi-soya-share-locks-at-20-upper-circuit-as-board-approves-rs-4300-crore-fpo","slugV2":"india/ruchi-soya-share-locks-at-20-upper-circuit-as-board-approves-rs-4300-crore-fpo-143920/","title":"Ruchi Soya share locks at 20% upper circuit as board approves Rs 4,300 crore FPO","postType":1,"coverMedia":"/opoyi_7HqSvFyjCJs.jpg","coverCaption":"Ruchi Soya's Ruchi Gold brand is the industry leader in branded palm oil. (Photo credit: Representational/ Unsplash)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-03-14T12:01:57+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eRuchi Soya will launch its follow-on public offer on March 24 and it will close on March 28\u003c/li\u003e\n \u003cli\u003ePatanjali Group presently holds around 98.9% of Ruchi Soya and around 1.1% is owned by public shareholders\u003c/li\u003e\n \u003cli\u003eFollowing the FPO, Patanjali Group's stake in Ruchi Soya will be around 81%, with the public holding approximately 19%\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1647239518902,\\\"strCount\\\":3194,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Ruchi Soya shares were locked at the 20% upper circuit after the company anounced that it will launch its follow-on public offer on March 24. A follow-on offering is the issuance of additional shares made by a company after an initial public offering. The issue will close on March 28.\u0026nbsp;\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/world/jubilant-foodworks-share-falls-14-hits-52-week-low-on-ceo-pratik-potas-exit-492799/\\\\\\\"\u003eJubilant FoodWorks falls 14%, hits 52-week low on CEO Pratik Pota’s exit\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\\\\\\\"The FPO comprises equity shares of the face value of Rs 2 each aggregating to Rs 4,300 crore. The issue also includes a reservation of up to 10,000 equity shares for subscription by eligible employees. If such placement is completed, the follow-on size will be reduced,\\\\\\\" it said in a statement.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The company is issuing the additional public offering to meet market regulator SEBI's requirement of a minimum public shareholding of 25% in a listed company.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/paytm-shares-tank-13-hits-all-time-low-after-rbi-raps-payments-bank-248838/\\\\\\\"\u003ePaytm shares tank 13%, hits all-time low after RBI raps payments bank\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\\\\\\\"It will take about three years to reduce the promoters' stake to 75%. This FPO dilution will aid Swami Ramdev's Patanjali Ayurveda, which owns Ruchi Soya, in adhering to the minimum shareholding rules.\\\\\\\"\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Patanjali group presently holds around 98.9% of Ruchi Soya. Around 1.1% is owned by public shareholders. Following the FPO, the Patanjali group's stake in Ruchi Soya will be around 81%, with the public holding approximately 19%.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/india/sensex-surges-300-points-while-nifty-around-16700-in-early-trade-629603/\\\\\\\"\u003eSensex surges 300 points while Nifty around 16,700 in early trade\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"According to the statement, the proceeds of the offering will be utilized to enhance the company's business by repaying outstanding loans, fulfilling additional working capital requirements, and other general corporate objectives.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u0026nbsp; Ruchi Soya's Ruchi Gold brand is the industry leader in branded palm oil. It is also a pioneer of soya meals in India under the Nutrela brand.\u0026nbsp;\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/trending-stocks-paytm-icici-bank-jubilant-food-gail-and-others-in-news-today-419677/\\\\\\\"\u003eTrending Stocks: Paytm, ICICI Bank, Jubilant Food, Gail and others in news today\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"For the quarter ending December 2021, the company recorded a 3% rise in net profit to Rs 234.07 crore. In the previous fiscal year, its net profit was Rs 227.44 crore. According to a regulatory filing, total income increased by 41% to Rs 6,301.19 crore in the third quarter of the current fiscal year from Rs 4,475.59 crore in the same time last year.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/stocks-that-should-be-on-your-watchlist-on-monday-march-14-2022-275265/\\\\\\\"\u003eStocks that should be on your watchlist on Monday, March 14, 2022\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Ruchi Soya has about 56,000 hectares of oil palm under cultivation and works with over 39,000 farmers in nine \u003ca href=\\\\\\\"https://opoyi.com/topics/indian/\\\\\\\"\u003eIndian\u003c/a\u003e states. The corporation is also in the wind power production industry, with 19% of its output used for captive consumption.\\\"}}]}","relatedPosts":null,"location":null,"createdBy":{"name":"Yash Sadhak Shrivastava","photo":"https://opoyi.com/images/opoyi_YTc6hxpHI.jpg?tr=w-600,q-70,dpr","username":"yashsadhak","id":"hVr8BLevnFNI","role":null},"topics":[{"name":"Patanjali","slug":"patanjali","id":"TOf3hACHFjhF","isSection":0},{"name":"SEBI","slug":"sebi","id":"3nLmnZjR2Qlg","isSection":0},{"name":"StockMarket","slug":"stockmarket","id":"vHCI0WQLTd1o","isSection":0},{"name":"ShareMarket","slug":"sharemarket","id":"PkCsd9oT2rCN","isSection":0},{"name":"Nifty","slug":"nifty","id":"2JvkXElbbqnQ","isSection":0},{"name":"Sensex","slug":"sensex","id":"MhfKMlGWFTBF","isSection":0},{"name":"indian","slug":"indian","id":"YTJpdaKq5t2z","isSection":0},{"name":"India","slug":"india","id":"Bq4MmUPrXF8p","isSection":1},{"name":"Asia","slug":"asia","id":"QzdhnKXHT05r","isSection":0},{"name":"IndiaNews","slug":"indianews","id":"hmzqkpDB7jEj","isSection":0},{"name":"World","slug":"world","id":"iEhRQcab92b8","isSection":1}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Yash Sadhak Shrivastava","id":"hVr8BLevnFNI","username":"yashsadhak","role":2,"userType":0}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-03-14T11:36:50+05:30","publisher":6,"sourceFeed":null,"cleanText":"Ruchi Soya shares were locked at the 20% upper circuit after the company anounced that it will launch its follow-on public offer on March 24. A follow-on offering is the issuance of additional shares made by a company after an initial public offering. The issue will close on March 28. ,Also Read| Jubilant FoodWorks falls 14%, hits 52-week low on CEO Pratik Pota’s exit,The FPO comprises equity shares of the face value of Rs 2 each aggregating to Rs 4,300 crore. The issue also includes a reservation of up to 10,000 equity shares for subscription by eligible employees. If such placement is completed, the follow-on size will be reduced, it said in a statement. The company is issuing the additional public offering to meet market regulator SEBI's requirement of a minimum public shareholding of 25% in a listed company. Also Read| Paytm shares tank 13%, hits all-time low after RBI raps payments bank,It will take about three years to reduce the promoters' stake to 75%. This FPO dilution will aid Swami Ramdev's Patanjali Ayurveda, which owns Ruchi Soya, in adhering to the minimum shareholding rules. The Patanjali group presently holds around 98.9% of Ruchi Soya. Around 1.1% is owned by public shareholders. Following the FPO, the Patanjali group's stake in Ruchi Soya will be around 81%, with the public holding approximately 19%. Also Read| Sensex surges 300 points while Nifty around 16,700 in early trade,According to the statement, the proceeds of the offering will be utilized to enhance the company's business by repaying outstanding loans, fulfilling additional working capital requirements, and other general corporate objectives. Ruchi Soya's Ruchi Gold brand is the industry leader in branded palm oil. It is also a pioneer of soya meals in India under the Nutrela brand. ,Also Read| Trending Stocks: Paytm, ICICI Bank, Jubilant Food, Gail and others in news today,For the quarter ending December 2021, the company recorded a 3% rise in net profit to Rs 234.07 crore. In the previous fiscal year, its net profit was Rs 227.44 crore. According to a regulatory filing, total income increased by 41% to Rs 6,301.19 crore in the third quarter of the current fiscal year from Rs 4,475.59 crore in the same time last year. Also Read| Stocks that should be on your watchlist on Monday, March 14, 2022,Ruchi Soya has about 56,000 hectares of oil palm under cultivation and works with over 39,000 farmers in nine Indian states. The corporation is also in the wind power production industry, with 19% of its output used for captive consumption.","portalUser":{"id":"MK3GmgLG7wo1","name":"Opoyi Business","username":"OpoyiBusiness","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_D6026Kum9dg.jpg","role":2,"userType":1},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":null,"keywords":"Ruchi Soya,FPO,SEBI,reduce promoters',Swami Ramdev's,Patanjali Ayurveda,Patanjali Group,Patanjali Group's,Ruchi Soya's,India,Nutrela,Indian","originalPublishedOn":"2022-03-14T11:36:50+05:30"}},{"node":{"id":"Y2gstTS1x6LP","slug":"english/lic-third-quarter-net-profit-jumps-to-rs-235-crore","slugV2":"business/lic-third-quarter-net-profit-jumps-to-rs-235-crore-643053/","title":"LIC third quarter net profit jumps to Rs 235 crore","postType":1,"coverMedia":"/opoyi_GmdWI1thH.jpg","coverCaption":"In February, LIC filed its DRHP with market regulator SEBI for its public issue (Photo Credit: Representational/Unsplash)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-03-11T18:49:13+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eLIC's third-quarter profit for the financial year 2021-22 stood at Rs 234.9 crore\u003c/li\u003e\n \u003cli\u003eLIC had reported a profit after tax of Rs 1,437 crore for the first half of FY22\u003c/li\u003e\n \u003cli\u003eIt had booked profit worth Rs 29,102 crore from the sale of investments in H1FY22\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1647004754140,\\\"strCount\\\":2618,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Life Insurance Corporation of India (LIC) on Friday announced that its third-quarter profit for the financial year 2021-22 stood at Rs 234.9 crore as compared to Rs 90 lakh in the corresponding quarter in the previous year.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"According to the \u003ca href=\\\\\\\"https://opoyi.com/business/lic-ipo-key-points-you-should-know-303339/\\\\\\\"\u003eLIC\u003c/a\u003e website, the profit of the first nine months of FY22 i.e. April-December 2021, jumped to Rs 1,642.78 crore from Rs 7.08 crore in the corresponding period a year earlier.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/technology/sebi-scanner-on-scamsters-giving-fraud-stock-tips-on-social-media-203323/\\\\\\\"\u003eSEBI scanner on scamsters giving fraud stock tips on social media\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"On January 25, LIC had reported a profit after tax (PAT) of Rs 1,437 crore for the first half of the financial year as compared with Rs 6.14 crore in the year-ago period.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The state-run insurer had booked profit worth Rs 29,102 crore from the sale of investments in the first six months of FY22.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/india/wall-street-settles-in-red-as-inflation-reaches-four-decade-high-329803/\\\\\\\"\u003eWall Street settles in red as inflation reaches four-decade high\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The first-year premium for the IPO-bound company rose to Rs 8,748.55 crore from Rs 7,957.37 crore in the same quarter last year. Renewal premium stood at Rs 56,822.49 crore, up from Rs 54,986.72 crore in the year-ago quarter.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"LIC’s total premium rose 0.78% to Rs 97,761.20 crore compared with Rs 97,008.05 crore.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/lic-gets-sebis-nod-for-the-biggest-indian-ipo-ever-374614/\\\\\\\"\u003eLIC gets SEBI’s nod for the biggest Indian IPO ever\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"In February, LIC filed its draft red herring prospectus (DRHP) with market regulator Securities Exchange Board of India (SEBI) for its public issue. The government aims to offload a 5% stake in the insurer to raise over Rs 60,000 crore.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The IPO would comprise an offer for sale (OFS) of 31,62,49,885 equity shares by the government, which owns a 100% stake in the insurance giant. A total of 50% of the net issue would be reserved for qualified institutional buyers (QIBs), whereas non-institutional buyers will have 15% of shares allocated for them. For retail investors, 35% of the offer has been set aside.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/nse-scam-ex-ceo-chitra-ramakrishna-sent-to-7-day-cbi-custody-295684/\\\\\\\"\u003eNSE Scam: Ex-CEO Chitra Ramakrishna sent to 7-day CBI custody\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"According to a CNBC TV18 report, the LIC IPO could be pushed to the next financial year as the government is expected to hold a meeting to reassess the timing because of the Russia-Ukraine war.\\\"}}]}","relatedPosts":null,"location":null,"createdBy":{"name":"Devanshu Singla","photo":"","username":"devanshusingla","id":"aJeiSJdpGmAb","role":null},"topics":[{"name":"LIC","slug":"lic","id":"DW8dhye7EZXw","isSection":0},{"name":"Insurance","slug":"insurance","id":"IyrBRsmoSgyk","isSection":0},{"name":"Business","slug":"business","id":"1hd39Bl2AdAV","isSection":1},{"name":"SEBI","slug":"sebi","id":"3nLmnZjR2Qlg","isSection":0},{"name":"StockMarket","slug":"stockmarket","id":"vHCI0WQLTd1o","isSection":0},{"name":"Markets","slug":"markets","id":"dTaX87T5pmKe","isSection":0},{"name":"Finance","slug":"finance","id":"vdfCkTLQAVNK","isSection":0},{"name":"IPO","slug":"ipo","id":"JcXJ1FRsdnpu","isSection":0}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Devanshu Singla","id":"aJeiSJdpGmAb","username":"devanshusingla","role":2,"userType":0}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-03-11T18:49:12+05:30","publisher":6,"sourceFeed":null,"cleanText":"Life Insurance Corporation of India (LIC) on Friday announced that its third-quarter profit for the financial year 2021-22 stood at Rs 234.9 crore as compared to Rs 90 lakh in the corresponding quarter in the previous year. According to the LIC website, the profit of the first nine months of FY22 i.e. April-December 2021, jumped to Rs 1,642.78 crore from Rs 7.08 crore in the corresponding period a year earlier. Also Read | SEBI scanner on scamsters giving fraud stock tips on social media,On January 25, LIC had reported a profit after tax (PAT) of Rs 1,437 crore for the first half of the financial year as compared with Rs 6.14 crore in the year-ago period. The state-run insurer had booked profit worth Rs 29,102 crore from the sale of investments in the first six months of FY22. Also Read | Wall Street settles in red as inflation reaches four-decade high,The first-year premium for the IPO-bound company rose to Rs 8,748.55 crore from Rs 7,957.37 crore in the same quarter last year. Renewal premium stood at Rs 56,822.49 crore, up from Rs 54,986.72 crore in the year-ago quarter. LIC’s total premium rose 0.78% to Rs 97,761.20 crore compared with Rs 97,008.05 crore. Also Read | LIC gets SEBI’s nod for the biggest Indian IPO ever,In February, LIC filed its draft red herring prospectus (DRHP) with market regulator Securities Exchange Board of India (SEBI) for its public issue. The government aims to offload a 5% stake in the insurer to raise over Rs 60,000 crore. The IPO would comprise an offer for sale (OFS) of 31,62,49,885 equity shares by the government, which owns a 100% stake in the insurance giant. A total of 50% of the net issue would be reserved for qualified institutional buyers (QIBs), whereas non-institutional buyers will have 15% of shares allocated for them. For retail investors, 35% of the offer has been set aside. Also Read | NSE Scam: Ex-CEO Chitra Ramakrishna sent to 7-day CBI custody,According to a CNBC TV18 report, the LIC IPO could be pushed to the next financial year as the government is expected to hold a meeting to reassess the timing because of the Russia-Ukraine war.","portalUser":{"id":"MK3GmgLG7wo1","name":"Opoyi Business","username":"OpoyiBusiness","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_D6026Kum9dg.jpg","role":2,"userType":1},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":null,"keywords":"LIC,Life Insurance Corporation of India,Securities Exchange Board of India,Russia,LIC Q3 results,LIC IPO,Business news,market news, stock market news","originalPublishedOn":"2022-03-11T18:49:12+05:30"}},{"node":{"id":"akhDaJeHKBuZ","slug":"english/sebi-scanner-on-scamsters-giving-fraud-stock-tips-on-social-media","slugV2":"technology/sebi-scanner-on-scamsters-giving-fraud-stock-tips-on-social-media-203323/","title":"SEBI scanner on scamsters giving fraud stock tips on social media","postType":1,"coverMedia":"/opoyi_e-nQGlXCbUf.jpg","coverCaption":"Sebi has once again warned retail investors not to rely on such investment tips/advice acquired via social media platforms. (Photo credit: Twitter/ @SEBI_India)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-03-11T12:46:28+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eSEBI conducted search and seizure operations in Gujarat, Madhya Pradesh, Delhi and Mumbai\u003c/li\u003e\n \u003cli\u003eSEBI officers seized various records and documents from the custody of individuals\u003c/li\u003e\n \u003cli\u003eSEBI said the groups were operating 9 Telegram channels with over 5 million users\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1646982987670,\\\"strCount\\\":4059,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The \u003ca href=\\\\\\\"https://opoyi.com/topics/sebi/\\\\\\\"\u003eSecurities and Exchange Board of India (Sebi)\u003c/a\u003e conducted search and seizure operations on March 10 in \u003ca href=\\\\\\\"https://opoyi.com/topics/ahmedabad/\\\\\\\"\u003eAhmedabad\u003c/a\u003e and Bhavnagar in \u003ca href=\\\\\\\"https://opoyi.com/topics/gujarat/\\\\\\\"\u003eGujarat\u003c/a\u003e, Neemuch in Madhya Pradesh, \u003ca href=\\\\\\\"https://opoyi.com/topics/delhi/\\\\\\\"\u003eDelhi\u003c/a\u003e, and \u003ca href=\\\\\\\"https://opoyi.com/topics/mumbai/\\\\\\\"\u003eMumbai\u003c/a\u003e in its efforts to uncover market malpractice.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/lic-gets-sebis-nod-for-the-biggest-indian-ipo-ever-374614/\\\\\\\"\u003eLIC gets SEBI’s nod for the biggest Indian IPO ever\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"During the probe, Sebi officers seized various records and documents from the custody of individuals, including 34 mobile phones, six laptops, four desktops, four tablets, two hard drive disks, and one pen drive. According to the regulator, these groups were operating 9 \u003ca href=\\\\\\\"https://opoyi.com/topics/telegram/\\\\\\\"\u003eTelegram\u003c/a\u003e channels with over 5 million users, to whom they were offering recommendations on certain listed equities.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/nse-scam-ex-ceo-chitra-ramakrishna-sent-to-7-day-cbi-custody-295684/\\\\\\\"\u003eNSE Scam: Ex-CEO Chitra Ramakrishna sent to 7-day CBI custody\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Such advice enticed investors to trade in these equities, resulting in artificial volume and price increases. Data, emails, and other documents have been recovered from the seized devices, and a thorough investigation is underway, according to Sebi.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/who-is-madhabi-puri-buch-first-woman-chairperson-of-sebi-236651/\\\\\\\"\u003eWho is Madhabi Puri Buch, first woman chairperson of SEBI?\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\\\\\\\"SEBI had received information that messages containing stock tips and other investment advice with respect to selected listed companies are being widely circulated through websites and social media platforms, such as Telegram, Facebook, \u003ca href=\\\\\\\"https://opoyi.com/topics/whatsapp/\\\\\\\"\u003eWhatsApp\u003c/a\u003e, Instagram, etc. Perpetrators of such fraud use various marketing techniques to attract subscribers on their social media channels,\\\\\\\" the regulator said in its release.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/nse-scam-anand-subramanian-is-the-himalayan-yogi-confirms-cbi-180643/\\\\\\\"\u003eNSE Scam: Anand Subramanian is the 'Himalayan Yogi', confirms CBI\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"In view of this, Sebi has once again warned retail investors not to rely on such investment tips/advice acquired via social media platforms, and to exercise extreme caution when investing in the securities market.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/india/wall-street-settles-in-red-as-inflation-reaches-four-decade-high-329803/\\\\\\\"\u003eWall Street settles in red as inflation reaches four-decade high\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Sebi authorities conducted a search and seizure operation at the properties of specific individuals engaged in similar manipulative acts via Telegram channels in December 2021.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/india/russian-coal-imports-to-india-in-march-could-be-highest-in-over-two-years-report-403427/\\\\\\\"\u003eRussian coal imports to India in March could be highest in over two years: Report\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Following this, Sebi established in a January 2022 order that the administrators of a Telegram channel with a huge subscriber base induced the subscribers to act on suggestions circulating on the channel, resulting in substantial price and volume effects in multiple scrips.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/usa/ukraine-conflict-goldman-sachs-jpmorgan-to-exit-russia-659852/\\\\\\\"\u003eUkraine conflict: Goldman Sachs, JPMorgan to exit Russia\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Sebi Act gives the regulator the authority to inspect and seize books, registers, documents, including electronic and digital devices, from anybody involved in the securities market.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/india/sensex-jumps-260-points-while-nifty-around-16660-in-early-trade-611909/\\\\\\\"\u003eSensex jumps 260 points while Nifty around 16,660 in early trade\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Securities and Exchange Board of India (Sebi) conducted a similar investigation in 2017 in relation to the circulation of messages using WhatsApp.\\\"}}]}","relatedPosts":null,"location":null,"createdBy":{"name":"Yash Sadhak Shrivastava","photo":"https://opoyi.com/images/opoyi_YTc6hxpHI.jpg?tr=w-600,q-70,dpr","username":"yashsadhak","id":"hVr8BLevnFNI","role":null},"topics":[{"name":"SEBI","slug":"sebi","id":"3nLmnZjR2Qlg","isSection":0},{"name":"StockMarket","slug":"stockmarket","id":"vHCI0WQLTd1o","isSection":0},{"name":"SocialMedia","slug":"socialmedia","id":"IDS3Gtya3gaP","isSection":0},{"name":"Instagram","slug":"instagram","id":"zV6BbWgjJdp2","isSection":0},{"name":"WhatsApp","slug":"whatsapp","id":"rVzmT0Ri9oXR","isSection":0},{"name":"Facebook","slug":"facebook","id":"HLE8qquNLINg","isSection":0},{"name":"Telegram","slug":"telegram","id":"6GapIwVPJ3VD","isSection":0},{"name":"Delhi","slug":"delhi","id":"rzYqAK9lbk5U","isSection":0},{"name":"Gujarat","slug":"gujarat","id":"ON5vDQHB4C7g","isSection":0},{"name":"Mumbai","slug":"mumbai","id":"1AypZlXpkqv3","isSection":0},{"name":"Madhyapradesh","slug":"madhyapradesh","id":"HbWguqPtrysE","isSection":0},{"name":"Ahmedabad","slug":"ahmedabad","id":"eUPXBQ1GUqrv","isSection":0},{"name":"Business","slug":"business","id":"1hd39Bl2AdAV","isSection":1},{"name":"IndiaNews","slug":"indianews","id":"hmzqkpDB7jEj","isSection":0},{"name":"Technology","slug":"technology","id":"v6bHEgqIl262","isSection":1}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Yash Sadhak Shrivastava","id":"hVr8BLevnFNI","username":"yashsadhak","role":2,"userType":0}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-03-11T12:46:27+05:30","publisher":6,"sourceFeed":null,"cleanText":"The Securities and Exchange Board of India (Sebi) conducted search and seizure operations on March 10 in Ahmedabad and Bhavnagar in Gujarat, Neemuch in Madhya Pradesh, Delhi, and Mumbai in its efforts to uncover market malpractice. Also Read| LIC gets SEBI’s nod for the biggest Indian IPO ever,During the probe, Sebi officers seized various records and documents from the custody of individuals, including 34 mobile phones, six laptops, four desktops, four tablets, two hard drive disks, and one pen drive. According to the regulator, these groups were operating 9 Telegram channels with over 5 million users, to whom they were offering recommendations on certain listed equities. Also Read| NSE Scam: Ex-CEO Chitra Ramakrishna sent to 7-day CBI custody,Such advice enticed investors to trade in these equities, resulting in artificial volume and price increases. Data, emails, and other documents have been recovered from the seized devices, and a thorough investigation is underway, according to Sebi. Also Read| Who is Madhabi Puri Buch, first woman chairperson of SEBI?,SEBI had received information that messages containing stock tips and other investment advice with respect to selected listed companies are being widely circulated through websites and social media platforms, such as Telegram, Facebook, WhatsApp, Instagram, etc. Perpetrators of such fraud use various marketing techniques to attract subscribers on their social media channels, the regulator said in its release. Also Read| NSE Scam: Anand Subramanian is the 'Himalayan Yogi', confirms CBI,In view of this, Sebi has once again warned retail investors not to rely on such investment tips/advice acquired via social media platforms, and to exercise extreme caution when investing in the securities market. Also Read| Wall Street settles in red as inflation reaches four-decade high,Sebi authorities conducted a search and seizure operation at the properties of specific individuals engaged in similar manipulative acts via Telegram channels in December 2021. Also Read| Russian coal imports to India in March could be highest in over two years: Report,Following this, Sebi established in a January 2022 order that the administrators of a Telegram channel with a huge subscriber base induced the subscribers to act on suggestions circulating on the channel, resulting in substantial price and volume effects in multiple scrips. Also Read| Ukraine conflict: Goldman Sachs, JPMorgan to exit Russia,The Sebi Act gives the regulator the authority to inspect and seize books, registers, documents, including electronic and digital devices, from anybody involved in the securities market. Also Read| Sensex jumps 260 points while Nifty around 16,660 in early trade,The Securities and Exchange Board of India (Sebi) conducted a similar investigation in 2017 in relation to the circulation of messages using WhatsApp.","portalUser":{"id":"MK3GmgLG7wo1","name":"Opoyi Business","username":"OpoyiBusiness","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_D6026Kum9dg.jpg","role":2,"userType":1},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":null,"keywords":"Sebi,WhatsApp,The Securities and Exchange Board of India,Ahmedabad,Bhavnagar,Gujarat,Madhya Pradesh,Delhi,Mumbai,Telegram,The Sebi Act","originalPublishedOn":"2022-03-11T12:46:27+05:30"}},{"node":{"id":"Q8eO9XIAdOVY","slug":"english/trade-setup-top-15-things-to-know-before-market-opens-on-march-10-2022","slugV2":"india/trade-setup-top-15-things-to-know-before-market-opens-on-march-10-2022-495526/","title":"Trade Setup: Top 15 things to know before market opens on March 10, 2022","postType":1,"coverMedia":"/opoyi_hQ4MV2MGy.jpg","coverCaption":"The broader indices ended in green with the BSE Mid cap index rising 2.37%, while the Small cap index was up by 2.16%. (Photo Credit: Representational Image/Pixabay)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-03-10T07:00:00+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eSensex rose 1223.24 points or 2.29% to 54,647.33 and Nifty was up by 331.90 points or 2.07% to 16,345.35\u003c/li\u003e\n \u003cli\u003eFIIs sold shares worth a net Rs 4,818.71 crore while DIIs bought shares worth a net Rs 3,275.94 crore\u003c/li\u003e\n \u003cli\u003eThe trends on SGX Nifty indicate a positive opening for the index in India\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1646875628254,\\\"strCount\\\":11530,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Indian market indexes extended yesterday's gains and closed more than 2% higher on Wednesday, matching the recovery in global equities. Following a flat start, the benchmarks progressively increased as the day went, eventually settling around the day's high.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Nifty50 has formed a long bull candle on the daily chart, reflecting a sharp upside reversal from the lows, according to Nagaraj Shetti, Technical Research Analyst at HDFC Securities.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The index now faces a hurdle at 16,450-16,500 levels, a sustainable move above which can take it towards the next key resistance in the 16,800-17,000 zone, he said.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/topics/closingbell/\\\\\\\"\u003e\u003cb\u003eIndian Indices\u003c/b\u003e\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Sensex rose 1223.24 points or 2.29% to 54,647.33 and Nifty was up by 331.90 points or 2.07% to 16,345.35 in the previous session.\u0026nbsp; Sensex touched high and low of 54,893.73 and 53,367.52, respectively. There were 25 stocks advancing against 5 stocks declining on the index. Nifty traded in a range of 16,418.05 and 15,990.00. There were 40 stocks advancing against 10 stocks declining on the index.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eBroader Indices\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The broader indices ended in green with the BSE Mid cap index rising 2.37%, while the Small cap index was up by 2.16%. The top gaining sectoral indices on the BSE were Energy up by 3.58%, Realty up by 3.16%, Auto up by 2.92%, Consumer discretionary up by 2.72% and Industrials up by 2.54%, while Metal down by 0.69%, Utilities down by 0.10% and Power-down by 0.03% were the few losing indices on BSE.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eSupport and Resistance levels\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The key support level for the Nifty is placed at 16,084, followed by 15,823. If the index moves up, the key resistance levels to watch out for are 16,512 and 16,679, according to Pivot charts.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eSGX Nifty\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The trends on SGX Nifty indicate a positive opening for the index in \u003ca href=\\\\\\\"https://opoyi.com/india/\\\\\\\"\u003eIndia\u003c/a\u003e with a 21-points gain. The Nifty futures were trading at\u0026nbsp;16,621.20 on the Singaporean Exchange around 06:55 hours IST.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eAsian Markets\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Asian markets finished broadly lower yesterday with shares in China leading the region. The Shanghai Composite was down 1.13% while Hong Kong's Hang Seng was off 0.51% and Japan's Nikkei 225 was lower by 0.30%.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/topics/nasdaq/\\\\\\\"\u003e\u003cb\u003eUS Markets\u003c/b\u003e\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The S\u0026amp;P 500 rose 107.18 points, or 2.6%, to 4,277.88.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Dow Jones Industrial Average rose 653.61 points, or 2%, to 33,286.25.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Nasdaq rose 459.99 points, or 3.6%, to 13,255.55.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Russell 2000 index of smaller companies rose 53.28 points, or 2.7%, to 2,016.29.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eEuropean Markets\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"European markets finished mixed. The DAX gained 6.90% and the FTSE 100 rose 2.60%. The CAC 40 lost 0.50%.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/india/soaring-nickel-prices-likely-to-impact-global-electric-vehicle-production-532839/\\\\\\\"\u003e\u003cb\u003eSoaring nickel prices likely to impact global electric vehicle production\u003c/b\u003e\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Production of batteries for electric vehicles and the stainless steel, paint and alloy-based industries are likely to be affected as prices of key raw material, nickel has spiked over 100% in the past few days. The \u003ca href=\\\\\\\"https://opoyi.com/world/russia-ukraine-conflict-a-brief-history-312130/\\\\\\\"\u003eRussia-Ukraine crisis\u003c/a\u003e has led to a nickel shortage which, in turn, led to a massive spike in prices. On Tuesday, nickel prices surged as high as 111% to trade briefly above $100,000 per tonne. The unprecedented surge in price led the London Metal Exchange (LME) to suspend trading in non-ferrous metal. However, prices corrected soon after on Tuesday itself. \u003ca href=\\\\\\\"https://opoyi.com/topics/russia/\\\\\\\"\u003eRussia\u003c/a\u003e is one of the largest producers of metal in the world. New and harsher sanctions against Russia for its invasion of \u003ca href=\\\\\\\"https://opoyi.com/topics/ukraine/\\\\\\\"\u003eUkraine\u003c/a\u003e have raised concerns over disruption in global supplies. Rising nickel prices have halted \u003ca href=\\\\\\\"https://opoyi.com/topics/tesla/\\\\\\\"\u003eTesla\u003c/a\u003e and other automakers’ plans of introducing more affordable vehicles. The major advantage of using nickel in batteries is that it helps deliver higher energy density and greater storage capacity at a lower cost. Several automakers are investing heavily in Electric Vehicles.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eCommodity price increases may boost CAD to 2.8% of GDP in Q3\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The country’s current account deficit (CAD) is likely to widen to a 13-quarter high of $23.6 billion or 2.8% of GDP in October-December 2021-22 due to higher commodity prices following the Russia-Ukraine conflict, India Ratings and Research (Ind-Ra) said in a report. The report said although the Omicron-led COVID wave has subsided, the geopolitical risks to the global recovery have increased due to the Russia-Ukraine conflict. \\\\\\\"We expect the CAD to come in at the second-highest level of $23.6 billion (2.8% of GDP; 13-quarter high) in Q3 FY22 as against a deficit of $9.6 billion (1.3% of GDP) in Q2 FY22,” the agency said. In Q3 FY21, the deficit was $2.2 billion (0.3% of GDP). The direct effects of the Russia-Ukraine conflict have pushed commodity prices and freight and transportation costs higher; crude oil prices have been on a boil, it said. In addition, the Indian rupee, which averaged at 75 against the dollar in February 2022, is expected to average around 76 this month which might result in a depreciation of 0.29% in the fourth quarter over the previous three-month period, the report said.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/business/lic-gets-sebis-nod-for-the-biggest-indian-ipo-ever-374614/\\\\\\\"\u003e\u003cb\u003eLIC gets SEBI’s nod for the biggest Indian IPO ever\u003c/b\u003e\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/business/lic-ipo-key-points-you-should-know-303339/\\\\\\\"\u003eLife Insurance Corporation of India (LIC)\u003c/a\u003e got approval from market regulator \u003ca href=\\\\\\\"https://opoyi.com/topics/sebi/\\\\\\\"\u003eSebi\u003c/a\u003e on Tuesday to raise funds through an initial public offering, according to CNBC-TV18. This month, the government was expecting to sell a 5% stake in Life Insurance Corporation (LIC), which may generate more than Rs 60,000 crore for the exchequer. \u003ca href=\\\\\\\"https://opoyi.com/topics/lic/\\\\\\\"\u003eLIC\u003c/a\u003e had submitted its draft documents to the market regulator in February. The issuance would be an offer for sale of 31,62,49,885 equity shares by the government, which owns 100% of the insurance behemoth. A total of 50% of the net issue would be allocated for qualified institutional buyers (QIBs), with the remaining 15% reserved for non-institutional investors. The retail part of the promotion has been set at 35%. According to the DRHP, the issue will most likely have reservations for eligible employees and policyholders of the company. In FY21, LIC reported a net premium income of Rs 4.02 lakh crore and the total revenue stood at R 6.82 lakh crore. Profit after tax (PAT) came in at Rs 2,900 crore. LIC holdings in value terms stood at Rs 9.53 lakh crore at the end of the third quarter, up 1.46% from the previous quarter. It owns a 16% stake in ITC, 7.48% in M\u0026amp;M, 2.63% in HDFC Bank, 6.13% in \u003ca href=\\\\\\\"https://opoyi.com/topics/reliance/\\\\\\\"\u003eReliance\u003c/a\u003e and 5.67% in \u003ca href=\\\\\\\"https://opoyi.com/topics/infosys/\\\\\\\"\u003eInfosys\u003c/a\u003e.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/business/vikram-limaye-not-interested-in-applying-for-second-term-as-nse-ceo-md-635397/\\\\\\\"\u003e\u003cb\u003eVikram Limaye ‘not interested’ in applying for second term as NSE CEO \u0026amp; MD\u003c/b\u003e\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Vikram Limaye, the National Stock Exchange's managing director and chief executive officer (MD and CEO), has decided to leave the company after his first term ends in July of this year. \\\\\\\"I have informed the board that I am not interested in a second term and will therefore not be applying and participating in the process that is underway,” Limaye told ET. On July 16, his five-year term will come to an end. He is eligible for another term, but he will have to go through the selection process again, competing with external candidates. The \u003ca href=\\\\\\\"https://opoyi.com/topics/nse/\\\\\\\"\u003eNSE\u003c/a\u003e issued an advertisement last week seeking applicants for the MD and CEO positions for the upcoming five-year period. Korn Ferry, a consulting firm, has been appointed to monitor the process. “I have done my best to lead the organisation in a very difficult period and to stabilise, strengthen and transform NSE. We have come a long way in terms of controls, governance, technology, regulatory effectiveness and business growth. I am grateful to all stakeholders, regulators, and government for the support extended to me,\\\\\\\" he said.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eRBI’s digital rupee to speed up transactions, reduce cost of cash: Deloitte\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The proposed Central Bank Digital Currency (CBDC) to be issued by the Reserve Bank will play a critical role in improving the speed of transactions and reducing the cost of cash, a Deloitte report said on Wednesday. The Reserve Bank of India is planning to come out with a central bank-backed digital currency, using blockchain technology in 2022-23. As a financial services innovation, CBDCs are likely to play a pivotal role in shaping the 'future of value transfer', the report said, adding that most central banks worldwide are now in various stages of their evaluation of launching their national digital currencies. \\\\\\\"CBDCs due to its inherent potential of changing the way value transfer happens, provide a more resilient, innovative, and competitive payment system for households, businesses and economies,\\\\\\\" said Monish Shah, partner, Deloitte India. Currently, most security clearing and settlement processes have a multi-day lag, he said, adding \\\\\\\"with the introduction of Digital Rupee there would be a significant increase in efficiencies and reduction in associated reconciliation costs\\\\\\\". The report said CBDCs are likely to drive efficiencies and effectiveness of a jurisdiction's payments system by ensuring that its users access safe digital money. CBDCs will provide users with a sovereign option as compared to other less safe digital instruments, which may lead to less reliable payments, relatively volatile store of value and potentially erode monetary and financial stability.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/topics/bulkdeal/\\\\\\\"\u003e\u003cb\u003eBulk Deal data\u003c/b\u003e\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"AASIA EXPORTS sold 6,00,000 shares in Hinduja Global Sols Ltd at Rs 1130.00 per share on the \u003ca href=\\\\\\\"https://opoyi.com/topics/nse/\\\\\\\"\u003eNSE\u003c/a\u003e.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"EAM EMERGING MARKETS SMALL CAP FUND LP bought 16,02,000 shares in Dwarikesh Sugar Industries at Rs 116.04 per share on the NSE.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"SMALL CAP WORLD FUND INC sold 3,06,587 shares in Multi Commodity Exchange at Rs 1249.37 per share on the NSE.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"B.W.TRADERS sold 1,17,825 shares of HP Adhesives Limited at Rs 374.78 per share on NSE.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"OMKAM CAPITAL MARKETS PRIVATE LIMITED sold 261,96,819 shares of Visesh Infotecnics Limited at Rs 1.06 per share on NSE.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"THE MIDLAND RUBBER AND PRODUCE COMPANY LIMITED bought 5,400 shares in NEAGI at Rs 3,600.00 per share on the BSE.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"SHREE GLOBAL TRADEFIN LIMITED sold 6,754,638 equity shares in LLOYDSME at Rs 129.50 per share on the BSE, the bulk deals data showed.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"RAJENDRA GANDHI bought 775,194 shares of STOVEKRAFT at Rs 645.00 per share on BSE.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/topics/fiianddii/\\\\\\\"\u003e\u003cb\u003eDII and FII data\u003c/b\u003e\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Foreign institutional investors (FIIs) sold shares worth a net Rs 4,818.71 crore, while domestic institutional investors (DIIs) bought shares worth a net Rs 3,275.94 crore in the Indian equity market on March 9, as per provisional data available on the NSE.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/topics/foban/\\\\\\\"\u003e\u003cb\u003eNSE F\u0026amp;O Ban\u003c/b\u003e\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"No stock or security has been put under the F\u0026amp;O ban for March 10. Securities in the ban period under the F\u0026amp;O segment include companies in which the security has crossed 95% of the market-wide position limit.\\\"}}]}","relatedPosts":null,"location":null,"createdBy":{"name":"Yash Sadhak Shrivastava","photo":"https://opoyi.com/images/opoyi_YTc6hxpHI.jpg?tr=w-600,q-70,dpr","username":"yashsadhak","id":"hVr8BLevnFNI","role":null},"topics":[{"name":"TradeSetup","slug":"tradesetup","id":"odcbbjEYtYHE","isSection":0},{"name":"StockMarket","slug":"stockmarket","id":"vHCI0WQLTd1o","isSection":0},{"name":"Sensex","slug":"sensex","id":"MhfKMlGWFTBF","isSection":0},{"name":"ShareMarket","slug":"sharemarket","id":"PkCsd9oT2rCN","isSection":0},{"name":"Nifty","slug":"nifty","id":"2JvkXElbbqnQ","isSection":0},{"name":"HDFCBank","slug":"hdfcbank","id":"n3a3YDui7INw","isSection":0},{"name":"Reliance","slug":"reliance","id":"FTQXxryu1asz","isSection":0},{"name":"NSE","slug":"nse","id":"74WQDLQfPQDQ","isSection":0},{"name":"Tesla","slug":"tesla","id":"9y75NOMnEoxE","isSection":0},{"name":"India","slug":"india","id":"Bq4MmUPrXF8p","isSection":1},{"name":"SEBI","slug":"sebi","id":"3nLmnZjR2Qlg","isSection":0},{"name":"Infosys","slug":"infosys","id":"GGpdVFKVfB9t","isSection":0},{"name":"indian","slug":"indian","id":"YTJpdaKq5t2z","isSection":0},{"name":"f","slug":"f","id":"6hjVK8gTjJ0j","isSection":0},{"name":"Ukraine","slug":"ukraine","id":"Dq03BAdFix29","isSection":0},{"name":"Omicron","slug":"omicron","id":"suEpuelfS9pi","isSection":0},{"name":"China","slug":"china","id":"gtTvlJMpH5eQ","isSection":0},{"name":"Japan","slug":"japan","id":"anJhzDRc6xxB","isSection":0},{"name":"Russia","slug":"russia","id":"ZdjTIzNom80K","isSection":0},{"name":"Covid","slug":"covid","id":"jtkufHpdTfkm","isSection":0}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Yash Sadhak Shrivastava","id":"hVr8BLevnFNI","username":"yashsadhak","role":2,"userType":0}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-03-10T07:00:00+05:30","publisher":6,"sourceFeed":null,"cleanText":"Indian market indexes extended yesterday's gains and closed more than 2% higher on Wednesday, matching the recovery in global equities. Following a flat start, the benchmarks progressively increased as the day went, eventually settling around the day's high. The Nifty50 has formed a long bull candle on the daily chart, reflecting a sharp upside reversal from the lows, according to Nagaraj Shetti, Technical Research Analyst at HDFC Securities. The index now faces a hurdle at 16,450-16,500 levels, a sustainable move above which can take it towards the next key resistance in the 16,800-17,000 zone, he said. Indian Indices,Sensex rose 1223.24 points or 2.29% to 54,647.33 and Nifty was up by 331.90 points or 2.07% to 16,345.35 in the previous session. Sensex touched high and low of 54,893.73 and 53,367.52, respectively. There were 25 stocks advancing against 5 stocks declining on the index. Nifty traded in a range of 16,418.05 and 15,990.00. There were 40 stocks advancing against 10 stocks declining on the index. Broader Indices,The broader indices ended in green with the BSE Mid cap index rising 2.37%, while the Small cap index was up by 2.16%. The top gaining sectoral indices on the BSE were Energy up by 3.58%, Realty up by 3.16%, Auto up by 2.92%, Consumer discretionary up by 2.72% and Industrials up by 2.54%, while Metal down by 0.69%, Utilities down by 0.10% and Power-down by 0.03% were the few losing indices on BSE. Support and Resistance levels,The key support level for the Nifty is placed at 16,084, followed by 15,823. If the index moves up, the key resistance levels to watch out for are 16,512 and 16,679, according to Pivot charts. SGX Nifty,The trends on SGX Nifty indicate a positive opening for the index in India with a 21-points gain. The Nifty futures were trading at 16,621.20 on the Singaporean Exchange around 06:55 hours IST. Asian Markets,Asian markets finished broadly lower yesterday with shares in China leading the region. The Shanghai Composite was down 1.13% while Hong Kong's Hang Seng was off 0.51% and Japan's Nikkei 225 was lower by 0.30%. US Markets,The S\u0026P 500 rose 107.18 points, or 2.6%, to 4,277.88. The Dow Jones Industrial Average rose 653.61 points, or 2%, to 33,286.25. The Nasdaq rose 459.99 points, or 3.6%, to 13,255.55. The Russell 2000 index of smaller companies rose 53.28 points, or 2.7%, to 2,016.29. European Markets,European markets finished mixed. The DAX gained 6.90% and the FTSE 100 rose 2.60%. The CAC 40 lost 0.50%. Soaring nickel prices likely to impact global electric vehicle production,Production of batteries for electric vehicles and the stainless steel, paint and alloy-based industries are likely to be affected as prices of key raw material, nickel has spiked over 100% in the past few days. The Russia-Ukraine crisis has led to a nickel shortage which, in turn, led to a massive spike in prices. On Tuesday, nickel prices surged as high as 111% to trade briefly above $100,000 per tonne. The unprecedented surge in price led the London Metal Exchange (LME) to suspend trading in non-ferrous metal. However, prices corrected soon after on Tuesday itself. Russia is one of the largest producers of metal in the world. New and harsher sanctions against Russia for its invasion of Ukraine have raised concerns over disruption in global supplies. Rising nickel prices have halted Tesla and other automakers’ plans of introducing more affordable vehicles. The major advantage of using nickel in batteries is that it helps deliver higher energy density and greater storage capacity at a lower cost. Several automakers are investing heavily in Electric Vehicles. Commodity price increases may boost CAD to 2.8% of GDP in Q3,The country’s current account deficit (CAD) is likely to widen to a 13-quarter high of $23.6 billion or 2.8% of GDP in October-December 2021-22 due to higher commodity prices following the Russia-Ukraine conflict, India Ratings and Research (Ind-Ra) said in a report. The report said although the Omicron-led COVID wave has subsided, the geopolitical risks to the global recovery have increased due to the Russia-Ukraine conflict. We expect the CAD to come in at the second-highest level of $23.6 billion (2.8% of GDP; 13-quarter high) in Q3 FY22 as against a deficit of $9.6 billion (1.3% of GDP) in Q2 FY22,” the agency said. In Q3 FY21, the deficit was $2.2 billion (0.3% of GDP). The direct effects of the Russia-Ukraine conflict have pushed commodity prices and freight and transportation costs higher; crude oil prices have been on a boil, it said. In addition, the Indian rupee, which averaged at 75 against the dollar in February 2022, is expected to average around 76 this month which might result in a depreciation of 0.29% in the fourth quarter over the previous three-month period, the report said. LIC gets SEBI’s nod for the biggest Indian IPO ever,Life Insurance Corporation of India (LIC) got approval from market regulator Sebi on Tuesday to raise funds through an initial public offering, according to CNBC-TV18. This month, the government was expecting to sell a 5% stake in Life Insurance Corporation (LIC), which may generate more than Rs 60,000 crore for the exchequer. LIC had submitted its draft documents to the market regulator in February. The issuance would be an offer for sale of 31,62,49,885 equity shares by the government, which owns 100% of the insurance behemoth. A total of 50% of the net issue would be allocated for qualified institutional buyers (QIBs), with the remaining 15% reserved for non-institutional investors. The retail part of the promotion has been set at 35%. According to the DRHP, the issue will most likely have reservations for eligible employees and policyholders of the company. In FY21, LIC reported a net premium income of Rs 4.02 lakh crore and the total revenue stood at R 6.82 lakh crore. Profit after tax (PAT) came in at Rs 2,900 crore. LIC holdings in value terms stood at Rs 9.53 lakh crore at the end of the third quarter, up 1.46% from the previous quarter. It owns a 16% stake in ITC, 7.48% in M\u0026M, 2.63% in HDFC Bank, 6.13% in Reliance and 5.67% in Infosys. Vikram Limaye ‘not interested’ in applying for second term as NSE CEO \u0026 MD,Vikram Limaye, the National Stock Exchange's managing director and chief executive officer (MD and CEO), has decided to leave the company after his first term ends in July of this year. I have informed the board that I am not interested in a second term and will therefore not be applying and participating in the process that is underway,” Limaye told ET. On July 16, his five-year term will come to an end. He is eligible for another term, but he will have to go through the selection process again, competing with external candidates. The NSE issued an advertisement last week seeking applicants for the MD and CEO positions for the upcoming five-year period. Korn Ferry, a consulting firm, has been appointed to monitor the process. “I have done my best to lead the organisation in a very difficult period and to stabilise, strengthen and transform NSE. We have come a long way in terms of controls, governance, technology, regulatory effectiveness and business growth. I am grateful to all stakeholders, regulators, and government for the support extended to me, he said. RBI’s digital rupee to speed up transactions, reduce cost of cash: Deloitte,The proposed Central Bank Digital Currency (CBDC) to be issued by the Reserve Bank will play a critical role in improving the speed of transactions and reducing the cost of cash, a Deloitte report said on Wednesday. The Reserve Bank of India is planning to come out with a central bank-backed digital currency, using blockchain technology in 2022-23. As a financial services innovation, CBDCs are likely to play a pivotal role in shaping the 'future of value transfer', the report said, adding that most central banks worldwide are now in various stages of their evaluation of launching their national digital currencies. CBDCs due to its inherent potential of changing the way value transfer happens, provide a more resilient, innovative, and competitive payment system for households, businesses and economies, said Monish Shah, partner, Deloitte India. Currently, most security clearing and settlement processes have a multi-day lag, he said, adding with the introduction of Digital Rupee there would be a significant increase in efficiencies and reduction in associated reconciliation costs. The report said CBDCs are likely to drive efficiencies and effectiveness of a jurisdiction's payments system by ensuring that its users access safe digital money. CBDCs will provide users with a sovereign option as compared to other less safe digital instruments, which may lead to less reliable payments, relatively volatile store of value and potentially erode monetary and financial stability. Bulk Deal data,AASIA EXPORTS sold 6,00,000 shares in Hinduja Global Sols Ltd at Rs 1130.00 per share on the NSE. EAM EMERGING MARKETS SMALL CAP FUND LP bought 16,02,000 shares in Dwarikesh Sugar Industries at Rs 116.04 per share on the NSE. SMALL CAP WORLD FUND INC sold 3,06,587 shares in Multi Commodity Exchange at Rs 1249.37 per share on the NSE. B.W.TRADERS sold 1,17,825 shares of HP Adhesives Limited at Rs 374.78 per share on NSE. OMKAM CAPITAL MARKETS PRIVATE LIMITED sold 261,96,819 shares of Visesh Infotecnics Limited at Rs 1.06 per share on NSE. THE MIDLAND RUBBER AND PRODUCE COMPANY LIMITED bought 5,400 shares in NEAGI at Rs 3,600.00 per share on the BSE. SHREE GLOBAL TRADEFIN LIMITED sold 6,754,638 equity shares in LLOYDSME at Rs 129.50 per share on the BSE, the bulk deals data showed. RAJENDRA GANDHI bought 775,194 shares of STOVEKRAFT at Rs 645.00 per share on BSE. DII and FII data,Foreign institutional investors (FIIs) sold shares worth a net Rs 4,818.71 crore, while domestic institutional investors (DIIs) bought shares worth a net Rs 3,275.94 crore in the Indian equity market on March 9, as per provisional data available on the NSE. NSE F\u0026O Ban,No stock or security has been put under the F\u0026O ban for March 10. Securities in the ban period under the F\u0026O segment include companies in which the security has crossed 95% of the market-wide position limit.","portalUser":{"id":"MK3GmgLG7wo1","name":"Opoyi Business","username":"OpoyiBusiness","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_D6026Kum9dg.jpg","role":2,"userType":1},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":null,"keywords":"Trade setup, stock market news, stock news, share market news, sensex today, nifty today, gdp rate, sebi news,Russia,NSE,Indian,Vikram Limaye,Deloitte,Nifty50,Nagaraj Shetti, Technical Research Analyst,HDFC Securities,Indian Indices Sensex,Utilities,India","originalPublishedOn":"2022-03-10T07:00:00+05:30"}},{"node":{"id":"JPAzHqYA8HNv","slug":"english/lic-gets-sebis-nod-for-the-biggest-indian-ipo-ever","slugV2":"business/lic-gets-sebis-nod-for-the-biggest-indian-ipo-ever-374614/","title":"LIC gets SEBI’s nod for the biggest Indian IPO ever","postType":1,"coverMedia":"/opoyi_Ls4muNulLFq.jpg","coverCaption":"LIC reported a net premium income of Rs 4.02 lakh crore and the total revenue stood at R 6.82 lakh crore in FY21. (Photo credit: Twitter/@LIC)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-03-09T13:30:00+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eLIC had submitted its draft documents to the market regulator in February\u003c/li\u003e\n \u003cli\u003eThe issuance would be an offer for sale of 31,62,49,885 equity shares\u003c/li\u003e\n \u003cli\u003eThe government was expecting to sell a 5% stake in LIC this month\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1646806761298,\\\"strCount\\\":3038,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/business/lic-ipo-key-points-you-should-know-303339/\\\\\\\"\u003eLife Insurance Corporation of India (LIC)\u003c/a\u003e got approval from market regulator \u003ca href=\\\\\\\"https://opoyi.com/topics/sebi/\\\\\\\"\u003eSebi\u003c/a\u003e on Tuesday to raise funds through an initial public offering, according to CNBC-TV18. This month, the government was expecting to sell a 5% stake in Life Insurance Corporation (LIC), which may generate more than Rs 60,000 crore for the exchequer.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/lic-ipo-ukraine-crisis-likely-to-impact-foreign-investor-interest-482495/\\\\\\\"\u003eLIC IPO: Ukraine crisis likely to impact foreign investor interest\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/topics/lic/\\\\\\\"\u003eLIC\u003c/a\u003e had submitted its draft documents to the market regulator in February. The issuance would be an offer for sale of 31,62,49,885 equity shares by the government, which owns 100% of the insurance behemoth.\u0026nbsp;\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/lic-ipo-chairman-mr-kumar-says-company-is-well-capitalised-480410/\\\\\\\"\u003eLIC IPO: Chairman MR Kumar says company is 'well capitalised'\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"A total of 50% of the net issue would be allocated for qualified institutional buyers (QIBs), with the remaining 15% reserved for non-institutional investors. The retail part of the promotion has been set at 35%. According to the DRHP, the issue will most likely have reservations for eligible employees and policyholders of the company.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/lic-worlds-third-strongest-insurance-brand-brand-finance-617379/\\\\\\\"\u003eLIC world's third strongest insurance brand: Brand Finance\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Domestic mutual funds will be allocated one-third of the anchor share. According to reports, the government may postpone the massive offering until the next fiscal year, beginning April 1, due to increased volatility as a result of the continuing Russia-Ukraine crisis.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/lic-ipo-heres-how-policyholders-can-participate-607943/\\\\\\\"\u003eLIC IPO: here's how policyholders can participate\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"LIC owns six subsidiary companies which include LIC Pension Fund, LIC Cards Services, LIC Housing Finance, LIC Mutual Fund Trustee Company, LIC Mutual Fund AMC and IDBI Bank. In the first half of FY22, LIC reported a PAT of Rs 1,437 crore as compared with Rs 6.14 crore in the year-ago period. Its new business premium growth rate stood at 554.1% in H1 FY22, compared with 394.76% during the corresponding period of the preceding financial year.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/sensex-jumps-over-400-points-while-nifty-around-16100-in-early-trade-277487/\\\\\\\"\u003eSensex jumps over 400 points while Nifty around 16,100 in early trade\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"In FY21, LIC reported a net premium income of Rs 4.02 lakh crore and the total revenue stood at R 6.82 lakh crore. Profit after tax (PAT) came in at Rs 2,900 crore. LIC holdings in value terms stood at Rs 9.53 lakh crore at the end of the third quarter, up 1.46% from the previous quarter. It owns a 16% stake in ITC, 7.48% in M\u0026amp;M, 2.63% in HDFC Bank, 6.13% in Reliance and 5.67% in Infosys.\\\"}}]}","relatedPosts":null,"location":null,"createdBy":{"name":"Yash Sadhak Shrivastava","photo":"https://opoyi.com/images/opoyi_YTc6hxpHI.jpg?tr=w-600,q-70,dpr","username":"yashsadhak","id":"hVr8BLevnFNI","role":null},"topics":[{"name":"LIC","slug":"lic","id":"DW8dhye7EZXw","isSection":0},{"name":"IPO","slug":"ipo","id":"JcXJ1FRsdnpu","isSection":0},{"name":"StockMarket","slug":"stockmarket","id":"vHCI0WQLTd1o","isSection":0},{"name":"ShareMarket","slug":"sharemarket","id":"PkCsd9oT2rCN","isSection":0},{"name":"HDFCBank","slug":"hdfcbank","id":"n3a3YDui7INw","isSection":0},{"name":"SEBI","slug":"sebi","id":"3nLmnZjR2Qlg","isSection":0},{"name":"Russia","slug":"russia","id":"ZdjTIzNom80K","isSection":0},{"name":"Asia","slug":"asia","id":"QzdhnKXHT05r","isSection":0},{"name":"Business","slug":"business","id":"1hd39Bl2AdAV","isSection":1},{"name":"Europe","slug":"europe","id":"v2KXw3fOql0S","isSection":0}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Yash Sadhak Shrivastava","id":"hVr8BLevnFNI","username":"yashsadhak","role":2,"userType":0}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-03-09T13:30:00+05:30","publisher":0,"sourceFeed":null,"cleanText":"Life Insurance Corporation of India (LIC) got approval from market regulator Sebi on Tuesday to raise funds through an initial public offering, according to CNBC-TV18. This month, the government was expecting to sell a 5% stake in Life Insurance Corporation (LIC), which may generate more than Rs 60,000 crore for the exchequer. Also Read| LIC IPO: Ukraine crisis likely to impact foreign investor interest,LIC had submitted its draft documents to the market regulator in February. The issuance would be an offer for sale of 31,62,49,885 equity shares by the government, which owns 100% of the insurance behemoth. ,Also Read| LIC IPO: Chairman MR Kumar says company is 'well capitalised',A total of 50% of the net issue would be allocated for qualified institutional buyers (QIBs), with the remaining 15% reserved for non-institutional investors. The retail part of the promotion has been set at 35%. According to the DRHP, the issue will most likely have reservations for eligible employees and policyholders of the company. Also Read| LIC world's third strongest insurance brand: Brand Finance,Domestic mutual funds will be allocated one-third of the anchor share. According to reports, the government may postpone the massive offering until the next fiscal year, beginning April 1, due to increased volatility as a result of the continuing Russia-Ukraine crisis. Also Read| LIC IPO: here's how policyholders can participate,LIC owns six subsidiary companies which include LIC Pension Fund, LIC Cards Services, LIC Housing Finance, LIC Mutual Fund Trustee Company, LIC Mutual Fund AMC and IDBI Bank. In the first half of FY22, LIC reported a PAT of Rs 1,437 crore as compared with Rs 6.14 crore in the year-ago period. Its new business premium growth rate stood at 554.1% in H1 FY22, compared with 394.76% during the corresponding period of the preceding financial year. Also Read| Sensex jumps over 400 points while Nifty around 16,100 in early trade,In FY21, LIC reported a net premium income of Rs 4.02 lakh crore and the total revenue stood at R 6.82 lakh crore. Profit after tax (PAT) came in at Rs 2,900 crore. LIC holdings in value terms stood at Rs 9.53 lakh crore at the end of the third quarter, up 1.46% from the previous quarter. It owns a 16% stake in ITC, 7.48% in M\u0026M, 2.63% in HDFC Bank, 6.13% in Reliance and 5.67% in Infosys.","portalUser":{"id":"kQKU5wG2FUA","name":"Opoyi Central","username":"opoyicentral","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_6k77dlSYd.jpg","role":2,"userType":1},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":null,"keywords":"LIC,Life Insurance Corporation of India,Sebi,CNBC,Life Insurance Corporation,MR Kumar,Russia,LIC Pension Fund,LIC Cards Services,LIC Housing Finance,LIC Mutual Fund Trustee Company,LIC Mutual Fund AMC,IDBI Bank,FY22,PAT","originalPublishedOn":"2022-03-09T13:30:00+05:30"}}]},"widgets":[]},"topicList":[{"id":"vHCI0WQLTd1o","slug":"stockmarket","name":"StockMarket","isSection":0},{"id":"1hd39Bl2AdAV","slug":"business","name":"Business","isSection":1},{"id":"PkCsd9oT2rCN","slug":"sharemarket","name":"ShareMarket","isSection":0},{"id":"74WQDLQfPQDQ","slug":"nse","name":"NSE","isSection":0},{"id":"Bq4MmUPrXF8p","slug":"india","name":"India","isSection":1},{"id":"JcXJ1FRsdnpu","slug":"ipo","name":"IPO","isSection":0},{"id":"2seBd7Lyb8z6","slug":"bse","name":"BSE","isSection":0},{"id":"MhfKMlGWFTBF","slug":"sensex","name":"Sensex","isSection":0},{"id":"2JvkXElbbqnQ","slug":"nifty","name":"Nifty","isSection":0},{"id":"OH9GDHEEbwFC","slug":"stockexchange","name":"StockExchange","isSection":0},{"id":"DW8dhye7EZXw","slug":"lic","name":"LIC","isSection":0},{"id":"vdfCkTLQAVNK","slug":"finance","name":"Finance","isSection":0},{"id":"hmzqkpDB7jEj","slug":"indianews","name":"IndiaNews","isSection":0},{"id":"IyrBRsmoSgyk","slug":"insurance","name":"Insurance","isSection":0},{"id":"dTaX87T5pmKe","slug":"markets","name":"Markets","isSection":0},{"id":"YTJpdaKq5t2z","slug":"indian","name":"indian","isSection":0},{"id":"odcbbjEYtYHE","slug":"tradesetup","name":"TradeSetup","isSection":0},{"id":"ZdjTIzNom80K","slug":"russia","name":"Russia","isSection":0},{"id":"mmhRjdCmZCj0","slug":"rbi","name":"RBI","isSection":0},{"id":"QCYPrRpXuhi6","slug":"scam","name":"scam","isSection":0},{"id":"QzdhnKXHT05r","slug":"asia","name":"Asia","isSection":0},{"id":"gtTvlJMpH5eQ","slug":"china","name":"China","isSection":0},{"id":"QukEgfyZhmT2","slug":"cbi","name":"CBI","isSection":0},{"id":"aF0AipAbPtoh","slug":"france","name":"France","isSection":0},{"id":"BOGVZOTPlXcL","slug":"investment","name":"Investment","isSection":0},{"id":"anJhzDRc6xxB","slug":"japan","name":"Japan","isSection":0},{"id":"FTQXxryu1asz","slug":"reliance","name":"Reliance","isSection":0},{"id":"n3a3YDui7INw","slug":"hdfcbank","name":"HDFCBank","isSection":0},{"id":"OAY7kVupDf3P","slug":"germany","name":"Germany","isSection":0},{"id":"Dq03BAdFix29","slug":"ukraine","name":"Ukraine","isSection":0},{"id":"LjkF3MF2IZGY","slug":"banking","name":"Banking","isSection":0},{"id":"PFIK5nEYHzYU","slug":"london","name":"London","isSection":0},{"id":"1AypZlXpkqv3","slug":"mumbai","name":"Mumbai","isSection":0},{"id":"Kj2bTG7j1Jyt","slug":"harshadmehta","name":"HarshadMehta","isSection":0},{"id":"d7VUkjnjjo4q","slug":"paytm","name":"PayTM","isSection":0},{"id":"6hjVK8gTjJ0j","slug":"f","name":"f","isSection":0},{"id":"TOf3hACHFjhF","slug":"patanjali","name":"Patanjali","isSection":0},{"id":"8UXTB9UhpJmn","slug":"mutualfunds","name":"MutualFunds","isSection":0},{"id":"spuQlvFzWNSM","slug":"anilambani","name":"AnilAmbani","isSection":0},{"id":"nMdDLDZTL0TG","slug":"fraud","name":"Fraud","isSection":0},{"id":"TkmNHphPjlcR","slug":"nationalstockexchange","name":"NationalStockExchange","isSection":0},{"id":"rzYqAK9lbk5U","slug":"delhi","name":"Delhi","isSection":0},{"id":"lrmXa26Ltafh","slug":"nirmalasitharaman","name":"NirmalaSitharaman","isSection":0},{"id":"uZuvdp8bQRRG","slug":"stock","name":"Stock","isSection":0},{"id":"b6gsXRHnIQWf","slug":"bitcoin","name":"Bitcoin","isSection":0},{"id":"L7OoyefNLuEh","slug":"cryptocurrency","name":"Cryptocurrency","isSection":0},{"id":"v2KXw3fOql0S","slug":"europe","name":"Europe","isSection":0},{"id":"AIjjLcsihSOy","slug":"company","name":"company","isSection":0},{"id":"BdUfSGwAMBAI","slug":"ramdev","name":"Ramdev","isSection":0},{"id":"upNlvoTnRROF","slug":"money","name":"Money","isSection":0}],"slug":"sebi","lang":"en","sectionArray":[1,2],"messages":{"Disclaimer":{"DISCLAIMER":"Disclaimer","OPINION_DISCLAIMER":"The views expressed in this article are the personal opinions of the author. 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