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Future groups firms to convene shareholder & creditor meetings in November to seek nod for their proposed merger into Future Ent as a part of the Rs 24,713 crore deal with Reliance Retail

In another transaction, India Opportunities Growth Fund of Pinewood Strategy bought 361,112 shares of Consolidated Finvest & Holdings at Rs. 179 apiece through a bulk deal on the National Stock Exchange.

The city-based brokerage, which is the largest publicly traded standalone retail broking firm in the country, has added 3.9 lakh new customers in September. It made September the sixth consecutive month to add close to four lakh customers this fiscal, the company said in a statement.

The benchmark paper Monday yielded 6.35 per cent, the highest since April 17 last year, show Bloomberg data compiled by ETIG. In the past three trading sessions, the gauge climbed eight basis points, pulling prices down.

The consolidated revenue of HFCL during the second quarter of FY22 increased by 6.42 per cent to Rs 1,122.05 crore from Rs 1,054.32 crore in the year-ago period.

Analysts who look at patterns in price charts say that $60,000 is the next level of resistance, though Bitcoin’s relative strength index above 70 suggests that its now in overbought territory.

Options data presented an interesting picture. While the 18,000 level continued to have the highest accumulation of Call Open Interest, the same level also saw the highest amount of Put writing.

At the company level, these events can be in the form of earnings announcements, product launches etc. People try to anticipate the outcomes of these events and also the impact of the same on stock prices. However, when events unfold as expected i.e. the consensus had predicted the outcome correctly, the market does not behave as anticipated.

Cement maker Grasim Industries, steelmakers JSW Steel and Tata Steel and jewellery maker Titan Company are among the companies that may report a 100-800 per cent surge in Q2 profit, Motilal Oswal Securities said in a note.

Nifty50 formed a bullish candle on the daily timeframe with a long upper shadow, as some profit booking emerged in the concluding hour.