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August 09, 2023, witnessed a remarkable surge in the BSE MidCap Index as several prominent stocks achieved new 52-week highs, signaling positive market momentum and showcasing potential growth within various industries.

The new rules shall be applicable on a voluntary basis for public issues opening on or after September 1, 2023, and will become mandatory for public issues opening on or after December 1, 2023.

"I think we will have to restructure, not just as a division, two divisions but little more where the rest of L&T does not see them. It will be some kind of competition. That is what we did for IT by forming a separate company. Otherwise, if they are part of L&T, which they were, it was not possible because the industry was paying four times more salary. "

Strong put writer additions were observed at 19,500, which is where maximum open interest on the put side is placed. The level of 19,500 will act as a strong support and the option activity at this strike will provide important cues about Nifty’s intraday direction, Samco Securities said.

Operating profit, calculated as earnings before interest, taxes, depreciation, and amortization (EBITDA), declined 42.3% YoY to Rs 155 crore, while it rose 2% sequentially.

“In largecaps, the element of passives is becoming a lot more popular with investors. That explains the trajectory of net flows becoming negative in these categories. It is just a natural consequence of flows that keep moving from fund categories that have performed in near term. In 3-6 months, people will diversify from smallcaps to multi-cap and flexi-cap.”

​If you are a fresher, if you have just started trading like a lot of Gen Z after the 2020 market sudden rise, I noticed a lot of people entering the market and especially they wanted to trade, make quick money rather than just invest for a long term.

"We see that a lot of women give up or delegate this responsibility maybe to a male member in the family. It could be a father, brother or sometimes it could just be a good friend or alternatively all the money that they have earned or saved is kept in assets or in places which are non-inflation beating."

"In the last many months, the US has been witnessing a lot of shortages on the injectable side and within the injectable space, there are three-four companies from India which can participate in that. Gland Phama is also one of the participants in that and a big beneficiary. Perhaps, the market is also trying to build that only because otherwise the numbers were not so extraordinary to warrant 30-40% move in a span of two days."

Gold price fell by Rs 70 to Rs 60,050 per 10 gram in the national capital on Wednesday amid a decline in rates of the precious metal overseas, according to HDFC Securities. In the previous trade, the yellow metal had settled at Rs 60,120 per 10 gram.