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​Under the proposed deal, Carlyle will sell about 1.84 crore shares or 2.53% stake in the company. The offer price is set at Rs 385.5 apiece, which is at a minor discount of 0.6% from the last traded price. Through the stake sale, Carlyle is likely to earn about Rs 709 crore.

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Nifty formed a Doji-type candle on Wednesday, indicating indecisiveness and volatility at highs, according to Ashwin Ramani, Derivatives & Technical Analyst at SAMCO Securities. A close below the Doji candle low may prompt profit booking while a close above the Doji candle high could lead to new longs. Bank Nifty, meanwhile, has consolidated around the 20-Day Exponential Moving Average for five consecutive days, indicating that a decisive move in either direction could signal future direction. Analysts suggest that the support level is 18,700, while a rally above 19,000 is expected to lead to gains.

The case pertained to delayed disclosure of invocation of pledged shares to the exchanges, which meant the company violated the prohibition of insider trading norms.

The regulator has issued impounding orders amounting to Rs 126 crore towards wrongful gains made by the entities by indulging in stock price manipulations.

While the Sensex closed at 63,523, up by 195 points or 0.31%, the broader Nifty50 settled at 18,857, higher by 40 points or 0.21%​

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Indian rupee strengthened against the US dollar on Wednesday to close at 82.0375 amid continuous inflows into the domestic share market, while some other Asian currencies slipped due to the local economic situation. The Indian currency has traded within a range of 81.80-82.30 since last week. As per forex analysts, unless that range breaks there is no clear direction for the rupee. Meanwhile, foreign investors have poured $1.8bn into Indian equities this month, following the positive macroeconomic data of robust domestic growth and easing inflation.

Gold plunges Rs 360; silver tumbles Rs 1,200

Updated at : 2023-06-21 19:15:02

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Gold extended losses on Wednesday, with spot gold prices in the Delhi markets trading at Rs 59,750/10 grams, down Rs 360 per 10 grams, Saumil Gandhi, Senior Analyst - Commodities at HDFC Securities, said.In the international markets, gold and silver were trading lower at USD 1,936 per ounce and USD 23.09 per ounce, respectively

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​So, ETFs are not buying, jewellery demand is low but then too gold prices are not going down. The reason for that is the central banks; some or the other central banks are turning up and buying gold. Historically, we have seen central banks were not holding gold but right now the options for them are very limited to diversify their foreign exchange reserve.

The Indian stock market closed at a record high on Wednesday, with the S&P BSE Sensex hitting a fresh intraday high of 63,588. While some profit booking was seen in certain sectors, including metal, FMCG, realty, and auto stocks, buying was observed in utilities, power, telecom, and oil & gas stocks. Notably, three stocks, Aether Industries, Poonawalla Fincorp, and Shriram Finance, either saw a volume or price breakout and were in focus.

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