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The Securities and Exchange Board of India (Sebi) will digitise processing of investors’ service requests and complaints in two phases to provide a mechanism for services and complaints through online mode by registrars to an issue and transfer agents (RTAs). The digitisation will provide benefits, including a database for service requests and complaints, according to Sebi. In the first phase, all RTAs servicing listed firms will have to display a basic website having detailed service request procedures and FAQs. In the second phase, a common website will be operated by qualified RTAs from July 1, 2022.

On the technical charts, the RSI of the stock stood at 84.44.

The Reserve Bank of India (RBI) has reiterated its policy stance of focusing on withdrawal of accommodation and inflation control while supporting growth. The RBI Governor highlighted positive macro fundamentals in India, despite inflation being projected to be above the target. The Monetary Policy Committee (MPC) has maintained its growth projection for FY2024 at 6.5%, with quarter projections adjusted slightly. An extended pause on rate hikes is expected, with the focus being on bringing down CPI inflation to the 4% target. The liquidity scenario has improved after the withdrawal of INR2,000 notes from circulation.

Urban Enviro Waste Management, the waste handling and management services provider, has announced an Initial Public Offering (IPO) to raise INR11.42 crore ($1.6m). The sale opens on 12 June and closes on 14 June with shares due to be listed on NSE EMERGE, a platform for small and medium-sized enterprises. The sale consists of a fresh issue of 920,000 equity shares with a face value of INR10 each, aggregating to INR9.2 crore; and an offer for sale component of 222,000 equity shares. The net proceeds will be used for repaying certain secured borrowings, and other purposes.

Tricky basically means that you may have to apply to multiple insurance companies. Maybe there could be insurance companies who may not approve for your policy that is the highest level thing where you could have a decline from an insurance company

In a market linked plan like a ULIP, basically, for example, you invest one lakh rupees annually. Now you have a choice to make whether you want to invest it in an equity fund, a debt fund or balanced funds which are a mix of debt and equity. Now this is up to the customer, whichever fund his risk appetite associates with more, he can choose that.

Foreign investors have increased the inflow of equity to India over the past two months, with $8.4bn flowing in. This compares to net outflows in the previous two financial years. This shift has helped the Indian indices gain almost 8% in the current financial year, leaving them 200 points away from a record high. Professionals believe this is due to what they call the "3G" factor of India: better growth, improved governance and a greater commitment to the environment. As a result, FPIs are likely to keep considering these factors when allocating funds to the Indian market.

The Indian rupee closed at 82.57 (provisional) against the US dollar, down 5 paise from the previous close, after the Reserve Bank of India kept the key interest rate unchanged. The rupee touched a day high of 82.53 and a low of 82.61 against the dollar. The central bank maintained its GDP growth projections for FY23 at 6.5%, while marginally lowering the retail inflation expectation to 5.1% from 5.2%. The dollar index fell 0.24% to 103.84, while Brent crude futures rose 0.39% to $77.25 per barrel. The 30-share BSE Sensex closed 0.47% lower at 62,848.64 points.

"Spot gold prices for the Delhi market traded at Rs 60,380/ per 10 gram, down by Rs 420 per 10 gram," Saumil Gandhi, Senior Analyst - Commodities at HDFC Securities, said.

L&T Finance Holdings has recommended a final dividend of Rs 2 per equity share for FY 2022-23 to its members, which if approved, will be credited within 30 days from the date of the annual general meeting. The record date for the dividend will be intimated later. Shares will trade ex-dividend the day or a day before the record date. The non-banking financial company reported a 47% rise in net profit for Q4 2020 when compared to the same period last year. The assets under management dropped to Rs 80,893 crore from Rs 88,341 crore in March 2020 because of a reduction in wholesale business.