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Shares of Indian Energy Exchange (IEX) fell by 15% to a 52-week low of INR116 ($1.56) on NSE on Friday after the Ministry of Power decided to go ahead with market coupling. An independent third-party will collect buy and sell bids and decide a uniform market price across all exchanges. Brokerage firm Nuvama described this move as a big negative for IEX and recommended a "reduce" rating on the stock with a price target of INR127.

Chair of the U.S. Securities and Exchange Commission, Gary Gensler, refutes claims of trying to crush the crypto industry, stating that firms have made a "calculated economic decision" to flout SEC rules. Gensler reiterated his view that most crypto tokens classify as securities and should register with the SEC. After the SEC sued two of the largest crypto exchanges, Coinbase and Binance, the industry has attacked Gensler. However, Gensler hit back, stating that the rules are clear and have been established with over 100 crypto enforcement actions, with companies making a "calculated economic decision" to take the risk of enforcement.

​The material costs had been going up, steel prices, copper prices, and there have been project delays, COVID related and otherwise so that whole thing was hitting us pretty badly.

Tata Elxsi shares up 0.14% as Nifty drops

Updated at : 2023-06-09 14:10:04

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A total of 12,158 shares changed hands on the counter till 11:59AM (IST).

Tata Motors, incorporated in the year 1945, is a Large Cap company (having a market cap of Rs 187190.97 crore) operating in Auto sector.

Aptus Value Housing Finance India key Products/Revenue Segments include Interest, Fees & Commission Income and Income From Sale Of Share & Securities for the year ending 31-Mar-2022.

Tokyo stocks close higher

Updated at : 2023-06-09 14:10:04

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Tokyo shares surged following positive gains on Wall Street, due to optimism about the US economy and expectations of the Federal Reserve not increasing interest rates next week. The benchmark Nikkei 225 index added 1.97%, ending at 32,265.17, whilst the broader Topix index rose 1.50%, reaching 2,224.32. Many analysts expect the Bank of Japan to maintain its current easy money policy during meetings next week, though they will be monitoring any possible suggestions of future changes. The dollar fetched 139.34 yen in Asian trade, compared to 138.89 yen in New York late Thursday.

Adani Power declines 0.73% as Sensex slides

Updated at : 2023-06-09 14:10:04

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The stock traded at a P/E multiple of 9.99, while the price-to-book value ratio stood at 2.47.

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Promoters held 46.01 per cent stake in the company as of 31-Mar-2023, while FII and DII ownership stood at 18.59 per cent and 16.4 per cent, respectively.

LTIMindtree shares gain 0.03% as Sensex falls

Updated at : 2023-06-09 14:10:04

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On the technical charts, the RSI of the stock stood at 49.56.

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