Latest Stock Market News

​​ They were alleged to have traded in the scrip of the firm while in possession of unpublished price sensitive information (UPSI) pertaining to audited financial results of ZEEL for the quarter ended June 30, 2020.

The share sale through qualified institutional placement (QIP) is aimed at reducing the promoters holding to 75 per cent and raising public shareholding to a minimum 25 per cent, as stipulated by the market regulator Securities & Exchange Board of India.

Shares of Brightcom Group hit 5 per cent upper circuit on announcing record date for bonus issue of shares. The company decided to set March 16 as the record date.

A bullish candle with a long upper shadow on the daily chart and a small-bodied bullish candle on the weekly time frame indicate a tug of war between the bulls and the bears, said Chandan Taparia of Motilal Oswal Securities.

India recorded the second-highest number of cryptocurrencies users worldwide during the year, and India-based crypto exchange platforms attracted millions of users, with CoinSwitch alone amassing over 15+ million of them.

The Tadawul stock exchange plans to allow options trading in five to 10 companies initially over the next few weeks, the people said, asking not to be identified as the information is private. The bourse will start registering more stocks when they meet certain criteria, they said.

The rupee appreciated by 39 paise to 74.67 against the US dollar on Friday on hopes of a diplomatic solution to the East-West standoff over Ukraine. At the interbank forex market, the local unit opened at 75.03 against the greenback and witnessed an intra-day high of 74.60 and a low of 75.05.

He likened the current situation, especially selling in tech stocks, to the bursting of the dotcom bubble at the start of the millennium.

Throughout the session, indices traded in a small range before closing nearly flat. Select banks saw some low-level buying, providing support to the market.

“Rise in corporate loan growth is a strong indicator of economic activity. Capex growth is the start of a long runway of an entire set of economic activity in the entire valuation that happened. So this is a very strong indicator and a very good thing for the economy going ahead.”