Thu, Sep 7, 2023 5:55 PM
Nifty over five-week high, seems ready to march towards 19,800
A Flip by Bhavya Sabharwal
Tankers that transfer Russian oil off the southern coast of Greece sailed further out into the Mediterranean after naval exercises were announced in the area where the cargo switching normally takes place. The activities, which began on May 1, will continue through May 9, the Hellenic Navy Hydrographic Service said in a notice on its website.
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RBI has issued directives to banks regarding their exposure to the capital markets, emphasizing compliance. The latest circular, pertains specifically to the "Banks' Exposure to Capital Market - Issue of Irrevocable Payment Commitments (IPCs)". RBI's move comes in response to changes in the settlement cycle introduced by stock exchanges, shifting from T+2 to T+1 rolling settlement for equities.
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One of the hottest stocks among the "Magnificent Seven" has been Meta Platforms. After a rocky performance in 2022, shares in the advertising behemoth soared 194% last year following an impressive return to growth on both the top and bottom lines. While Meta shares are still up an impressive 22% in 2024, the stock has plunged roughly 12% since the company reported first-quarter earnings.
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