Latest Stock Market News

Kovner mastered the art of controlling his emotions while investing and advised others to trade like machines and not let emotions get the better of them. He felt that acting robotic was a bad quality in most disciplines, but believed non-human tendencies were apt in a field where profit could be earned from being emotionless.

Nifty is likely to see a positive start to the coming week, but the 17,480 and 17,595 levels may act as the potential resistance points at higher levels. Supports on the lower side can come in at 17,200 level followed by 17,120. The trading range is expected to remain wider than usual.

The 11-year-old company is considering a market debut through a direct listing or initial public offering (IPO), the people said, asking not to be identified because the information was private. Its plans including the timing could still change, the people said.

The effective import duty including cess and other charges would be reduced to 24.75% for crude palm, soya and sunflower oils, down from 30.25%. For refined palm and soya oil, the duty has been reduced to 35.75% from 41.25% earlier.

Stablecoins have thrived in the unregulated shadows, with tokens in circulation now worth more than $120 billion, according to CoinMarketCap.com. And they are increasingly being used for transactions that resemble traditional financial products -- like bank savings accounts -- without offering anywhere near the same level of consumer protections.

Big rallies are a thing of the past. The S&P 500 has gone 34 days without rising 1% in any of them, the longest in 20 months. And the pool of companies feeling significant price pressure keeps expanding. More than half the index’s members have suffered peak-to-trough declines of at least 10% since May, data compiled by Morgan Stanley show.

Whether pent-up or no pent-up, demand is demand, and the macros are playing a big role in driving enquiries. Lower mortgage rates and increased affordability are acting as a catalyst for NBFCs and banks, which are seeing strong demand for loans, particularly in the housing segment.

The price status quo was maintained in India even as global oil prices continued to rise. Benchmark Brent futures are at present near the $73-per-barrel-mark on the back of supply concerns in the US in the wake of Hurricane Ida.

Rights entitlements are the shares offered to eligible shareholders in the ratio of their existing holdings as of the record date fixed by the company. By definition, rights entitlement is a temporary credit of shares to the demat account of the eligible shareholders, which enables them to apply for the rights issue or transfer the rights entitlements to other interested investors.

This will make disinvestment deals of ailing PSUs more attractive for strategic investors. Under normal tax provisions without this relaxation, past losses of a company are not allowed to be set off, if there is change in majority shareholding of a company (i.e. 51 per cent).