The Securities and Exchange Board of India (Sebi) has asked BSE to pay regulatory fee to the former based on annual turnover fee considering notional value in case of options contract.BSE in its filing to the exchanges on Friday stated that the regulator has also asked the company to pay differential regulatory fee for the past periods with applicable interest of 15% per annum.
Open FlipAlphabet and Microsoft ignited a rally in technology stocks on Friday with earnings that showed big AI investments were driving growth, allaying doubts that their costly bets would take time to pay off after a soft forecast from Meta Platforms. Alphabet rose 10%, crossing $2 trillion in market value with a gain of about $180 billion as it sweetened the pot for investors with its maiden dividend.
Open FlipHindalco (HNDL), Vedanta (VEDL) and NACL ratings were upgraded by Kotak Institutional Equities (KIE) while the targets were revised up to 44% in the metal sector after recovery apparently pushed the market into deficit.Among the three companies, HNDL is the preferred pick for aluminum while NACL is KIE’s top ‘sell’.Aluminum demand in 1QCY24 has exceeded expectations.
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