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Its total sales were 7.59 MT, down 3.43 per cent over 7.86 MT in the same quarter of 2021-22

NSE cautions investors against two individuals

Updated at : 2023-04-05 23:30:03

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National Stock Exchange (NSE) has cautioned investors to be wary of two individuals associated with Piramid Solution and Wings2Trade. The individuals, Archana Patel and Naga Rathnam, have been offering to handle trading accounts and asking investors to share user IDs and passwords, which is illegal. Patel has been offering guaranteed returns on investments, which is also illegal, the NSE said. The NSE asked investors not to subscribe to any products or schemes that offer guaranteed returns in the stock market, a violation of law that carries its own risks and consequences.

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The BPC business saw higher year-on-year growth rates in the March quarter compared to the year-on-year growth seen in the December quarter.

The recent global developments will weigh heavily during the policy decision making by the MPC. The G3 central banks have delivered as per the previous forward guidance

During the past 5 days, FIIs have invested a total of Rs 5,708 crore. However, they are still net sellers at Rs 22,000 crore so far this year on a year-to-date basis.

For the third quarter, Avenue Supermarts reported a 7% YoY rise in consolidated net profit at Rs 590 crore. Operating profit, calculated as earnings before interest, tax, depreciation and amortization (EBITDA), rose 11% year-on-year to Rs 965 crore during the third quarter, but operating margin contracted by a sharp 106 basis points to 8.34%.

Goldman Sachs has been fined $3m by its self-funded regulator, the Financial Industry Regulatory Authority, over inaccurate marking of share sales, trade-reporting violations and a failure to maintain satisfactory supervisory rules. Mistakenly marked orders were caused by the omission of a single line of computer code during software upgrades, from October 2015 to April 2018, and resulted in around 60 million short sale orders, representing roughly 1% of sell principal orders during the period, being marked as "long", with nearly 8 million executed. Over 12,000 of the executed orders violated short sale circuit breakers.

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Cleveland Federal Reserve Bank President Loretta Mester has said it was too early to tell whether the US central bank would raise its benchmark interest rate at its next policy meeting in early May. Mester said she still saw "somewhat more persistent" inflation than the median forecast of her colleagues, and pointed to uncertainty over the duration and magnitude of recent financial sector difficulties. In March, the Fed raised interest rates to between 4.75% and 5%, indicating there may not be another peak rate rise.

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