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​Sebi also wants regulated entities like brokers, mutual funds and exchanges to stop dealing with unregistered finfluencers. After a board meeting on Wednesday night, Sebi chairperson Madhabi Puri Buch said a discussion paper to regulate financial influencers will be out in the next couple of months.

Hindustan Unilever (HUL) shares are trading near their 52-week high but lack momentum due to a strong resistance zone around 2,700-2,720. Until this resistance is broken, the stock is expected to trade sideways. Technical analysts suggest a strong support at the 200-day SMA of Rs 2,550-2,560. Momentum indicators show potential upside, but it is important to note that the stock has trailed the Nifty FMCG index. Several brokerages recommend HUL as a preferred stock in the FMCG space due to low inflation and improved margins.

The Nifty 50 has been experiencing a time correction for the past 20 months, trading within a narrow range. This has frustrated investors, but the market is expected to return to its normal course in due time. The prolonged stagnation can be seen as an opportunity cost, as alternative investments could have earned a risk-free 6-7% return. However, the time correction has resulted in more comfortable valuations, with earnings improving and inflation showing signs of easing. Major central banks have also paused rate hikes. Overall, investors should remain patient and unaffected by the time correction.

Commodity exchange MCX has extended its software support contract with 63 moons technologies for an additional six months after failing to transition to a new trading platform. The contract has been renewed at a cost of Rs 250 crore. MCX stated that the extension was necessary to ensure stakeholders are prepared for the new platform. 63 moons, formerly Financial Technologies India Ltd, expressed its hope that this would be the last time the contract is extended. This marks the third time MCX has approached 63 moons for an extension since selecting a new technology service provider in February 2021.

A report by Nuvama suggests that consumption stocks in the FMCG segment, two wheelers, and cement sectors are likely to benefit from El Nino, while agricultural businesses could suffer. The report highlights how the poor monsoon and weak farm output caused by El Nino in FY 2015-16 led to a slowdown in rural wages and consumption.

PKH Ventures, a construction and development company, is set to open its initial public offering (IPO) for subscription on June 30. The IPO, which includes a fresh equity issue and an offer for sale by selling shareholders, has a price band of Rs 140-148 per equity share. The company aims to use the IPO proceeds for equity investment in its construction subsidiaries, acquisitions, and general corporate purposes. With a diverse business model and a strong track record, PKH Ventures is expected to attract interest from investors. IDBI Capital Markets is the book-running lead manager for the IPO.

Shares of Permanent Magnets have provided substantial returns to investors over the past decade, rising by 11,940%. Holding Rs 10,000 in the stock for 10 years would have resulted in a value of nearly Rs 12 lakh. The company, with a market capitalization of approximately Rs 1,050 crore, is a top manufacturer of Alnico Cast Magnets and Yoke Assemblies. The latest shareholding pattern shows promoters owning 58.01% of the stake, with retail investors holding 21%. Analysts suggest buying the stock on dips near Rs 1,170 levels, as it is in an overbought zone.

The ex-dividend date for stocks is usually set one business day before the record date.

SEBI has approved measures to strengthen the securities market and corporate governance of listed entities. These changes include allowing self-sponsored REITs and InvITs with board control or investment manager control. Unitholders with a 10% or higher holding in REITs or InvITs will have the right to nominate representatives on the boards. SEBI has also reduced the timeline for listing shares in public issues from T+6 days to T+3 days to expedite the listing process. Additionally, foreign portfolio investors will have to meet additional disclosure requirements to prevent violations of minimum public shareholding norms.

I was looking at some data which is that if you look at the last 12 months or even last 24 months of net FII activity to India, it is negative. Now India has become the toast of the town.