Latest Stock Market News

In its report on the state of the economy, RBI said that with every passing day, the balance of risks gets increasingly tilted towards a darkening global outlook for 2023.

The GST claim, made by the Directorate General of GST Intelligence (DGGI), relates to the dispute settlement involving $1.27 billion in payments to the Japanese telecommunications company. Tata Sons, the holding entity for the conglomerate, has challenged the claim of GST liabilities on the payments made, having earlier sought government intervention in the matter.

The company will first transfer its cargo undertaking to a newly created subsidiary. The unit, SpiceXpress, will then issue compulsorily convertible debentures (CCDs) to the parent, said the people cited above. Then, SpiceJet will offer lessors the option to swap lease payments with the CCDs.

The move to strengthen and scrutinize the regulations come amid the corporate governance allegations against erstwhile members of India’s biggest stock exchange, the National Stock Exchange, including former MD and CEO Chitra Ramakrishna.

About 15 minutes into trading, the tech-rich Nasdaq Composite Index slumped 0.8 percent to 10,462.61, while the broad-based S&P 500 dipped 0.4 percent to 3,801.88.

Volume profile indicates Nifty may find support around the 18150-18200 zone, which was tested today. The highest OI was observed at 18500, followed by a 18600 strike price, while on the Put side, the highest OI was at an 18300 strike price.

This is the standard description that we use in all web stories

“In the last couple of weeks, when they had their analyst meet, the management has guided a strong commentary on how all the segments did. Bharat Forge has rallied from the Q2 numbers and is already up 15% post their Q3 numbers. One should wait and the risk to reward would not be favourable but at any selloff, one should build it up in Bharat Forge. ”

The public issue with a face value of Re 1 per equity share comprising a fresh issue of up to Rs 60 crore and an offer for sale (OFS) of up to 3,31,25,000 equity shares by existing shareholders. The floor price of Radiant is 94 times the face value of the equity shares, and the cap price is 99 times the face value of the equity share.

Nifty settled with a loss of 35 points at 18,385. Among sectoral indices, Nifty IT and Nifty Metal ended higher, while all other indices ended in the red.