The list of stocks that ended close to their 52-week high on Thursday: 🔼 Aarti Surfactants Ltd 🔼 Aveer Foods Ltd 🔼 NINntec Systems Ltd 🔼 Soma Textiles and Industries Ltd 🔼 Finolex Cables Ltd 🔼 GNA Axles Ltd 🔼 Nucleus Software Exports Ltd 🔼 Kaynes Technology India Ltd 🔼 Equitas Small Finance Bank Ltd 🔼 ITC Ltd
Open FlipZee Entertainment Enterprises Limited (ZEEL) shares fell more than 5% in morning trade on Friday after the National Company Law Tribunal accepted an IndusInd Bank appeal for insolvency proceedings against the media company. On the BSE, the shares fell 4.60% to Rs 189.60. It declined 5.36% to Rs 188 on the NSE. On Thursday, Zee Entertainment's stock fell more than 3%.
Open FlipThe list of the stocks that ended close to their 52-week low on Thursday: 👉 Adani Transmission Ltd 👉 Adani Total Gas Ltd 👉 Sheela Foam Ltd 👉 Aditya Birla Sun Life Amc Ltd 👉 Paras Defence and Space Technologies Ltd 👉 Vakrangee Limited 👉 Laxmi Organic Industries Ltd 👉 Graphite India Ltd 👉 Biocon Ltd 👉 Stove Kraft Ltd
Open FlipJPMorgan's recent research shows that the Securities and Exchange Commission (SEC) has a significant role in regulating the US digital asset market. The research also reveals the SEC's tendency to classify all cryptocurrencies as securities, except for Bitcoin. This includes staking services, which the SEC views as similar to selling securities.
Open FlipOlectra Greentech increased by more than 17% after the business announced cooperation with Reliance Industries to manufacture hydrogen buses. The development of a wholly carbon-free alternative to regular public transportation is a big step towards India's carbon-free hydrogen objectives, and it might benefit the environment by lowering air pollution and emissions, according to the business.
Open FlipAccording to the RBI Governor in his G-20 address- The global economy's outlook has improved in recent months amid hope that the world will avoid a deep recession to instead experience slow growth; uncertainties still await us. We must work together to address the challenges, including medium to long-term issues such as threats to financial stability, debt distress, climate finance, etc.
Open FlipVolatility persists, ruling on D-street as a strong sell-off in metal and auto-dented investor sentiment. NSE Nifty 50 index has plunged 100 points from the day’s high to trade flat at 17,500 levels. Nifty Midcap and Nifty Smallcap are marginally higher. Realty and pharma stocks remain resilient against market fluctuations and are the top performers among the sectors.
Open FlipA former assistant facilities director for Cohasset, MA, named Nadeem Nahas, is facing charges for fraudulent electricity use and vandalism after mining cryptocurrency in a school crawl space. It is not specified which cryptocurrency he mined. Illicit cryptocurrency mining incidents have been reported globally, with several perpetrators mining cryptocurrency in illegal locations.
Open FlipKazuo Ueda's (the new governor of the Bank of Japan) unexpected nomination for the job sent markets into a frenzy a few weeks ago, as investors interpreted the appointment of an outsider a signal of change. In his confirmation hearing on Friday, in front of the parliament, he sounded similar to incumbent Haruhiko Kuroda. He believes it will take "some time" to achieve the desired inflation rate.
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Open FlipGold was trading higher in markets as the dollar dropped and traders awaited economic data due later in the day to judge the Federal Reserve's rate-hike stance. Gold was up 0.25% at ₹55,725 per 10 g, while silver was down 0.09% at ₹64,292 per kg. Spot gold was up 0.1% at $1,824.88 per ounce, having hit a two-month low the previous session. Gold futures in the US were up 0.3% at $1,831.40.
Open FlipNiva Bupa, a private standalone health insurance company, launched ReAssure 2.0 on February 23, a health insurance product with features such as carry forward of unused sum insured and renewal premiums linked to entry age and claim-free period. Health insurance renewal premiums typically rise in response to insurance companies' claim experience, healthcare inflation, and your age range.
Open FlipThe Montana State Senate has passed a bill to protect the cryptocurrency mining industry from local government actions that could harm it. The legislation prohibits local governments from taking actions against at-home mining or using zoning laws to shut down active operations. This move is aimed at safeguarding Bitcoin miners from criticism by environmentalists and lawmakers.
Open FlipThe nation's first mortgage lender, HDFC, raised ₹25,000 Cr by selling debt with a 10-year repayment period, resulting in the completion of India's largest rupee bond sale on Thursday. HDFC, which is in the process of merging with the bank it helped create, offered to pay a 7.97% coupon for the 10-year debt. In contrast, the benchmark bond yield on Thursday was 7.34%.
Open FlipCanadians are now required to pre-register, providing details of their business activities, ownership structure & compliance policies. The move is part of a bid to improve regulatory oversight of the country's crypto industry. Failure to comply could result in penalties and fines, as well as potential impacts on an exchange's ability to obtain banking services or continue operating in the country.
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