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SAT dismisses Dish TV's appeal against Sebi order

Updated at : 2022-03-11 18:50:03

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The tribunal noted that Dish TV has already disclosed the voting results of the AGM to both the stock exchanges -- BSE and NSE. Consequently, the challenge of this direction by the company in this appeal has become "infructuous".

Govt to file final papers for LIC IPO with Sebi soon

Updated at : 2022-03-11 18:50:03

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LIC had, on February 13, filed the draft red herring prospectus (DRHP) for LIC IPO. Earlier this week, Sebi gave approval to the draft papers, paving the way for the share sale.

​After gyrating nearly 800 points, the 30-share pack Sensex rose 86 points or 0.15% to close with marginal gains at 55,550.30.

“We are in some kind of a bear market right now, interrupted by possibly very sharp counter trend rallies and if there is a political solution for the Ukraine crisis, we will probably see a 10-20% rally easily but that does not mean it is sustainable. One can have these rallies from an oversold situation. The strategy would be to sell into these rallies, lighten up position more and position in defensive sectors.”

"Rupee snapped gains amid dollar demand from oil importers and state-run power companies. Dollar strengthening against major currencies following stronger US economic data also weighed on the local unit," said Dilip Parmar, Research Analyst, HDFC Securities.

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“We have successfully commissioned key projects for the second long-term supply contract in this quarter and the pharma API intermediary expansion will be commissioned by March. All these will increase revenue going forward in the next year. We had earlier guided that we are planning to introduce about 40 new products in chemicals and about 50 new products in pharma in next two years. So those projects will go under construction in FY23.”

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Within the last 24 hours, the token registered a rise of 1,400 per cent in volume with coins worth $5.56 million changing hands. It has a total marketcap of $33.7 million.

Gold tumbles Rs 200; silver jumps Rs 193

Updated at : 2022-03-11 18:50:03

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In the previous trade, the precious metal finished at Rs 53,233 per 10 grams.

Stock market update: Nifty IT index falls 0.14%

Updated at : 2022-03-11 18:50:03

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The Nifty IT index closed 0.14 per cent down at 35348.7.

Market movers: Mold-Tek Tech jumps 20%, DB Realty 5%

Updated at : 2022-03-11 18:50:03

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Shares of Mold-Tek Technologies jumped 20 per cent after the company said a meeting of the board of directors will be held next Tuesday (March 15) to consider the recommendation of an interim dividend for the financial year 2021-22.

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