Latest Stock Market News

TCG Fund today sold 549,306 shares of GG Engineering at Rs. 12.35 apiece through a bulk deal on the BSE.

Nifty50 has also moved past the short-term 20-DMA which presently stands at 17161. This means that Nifty50 has successfully navigated the 17150-17200 resistance zone; the key would be to see if the index can keep its head above this zone.

The S&P 500 opened higher by 4.30 points, or 0.09 per cent, at 4,795.49.

In the international market, gold was trading with gains at USD 1,814 per ounce and silver was flat at USD 23.07 per ounce.

The regulator’s comment comes after Invesco Mutual Fund withdrew the launch of its Blockchain fund that aimed to invest in companies that are part of the blockchain ecosystem. The fund of fund was set to provide Indian investors a route for investing in such new-age companies listed abroad.

“We are reducing our position in specialty chemicals while continuing to bet on IT. Plus we are adding more on industrials.”

"Time period for filing a settlement application rationalised to 60 days from the date of receipt of the show-cause notice or a supplementary notice, whichever is later," the regulator said in a release.

SSFs will be introduced as a sub-category under Category I Alternative Investment Funds (AIFs).

Commodity plays, metals & mining, industrial goods and banking could benefit as the cycle picks up in the forthcoming quarters.

"Investors are shifting their portfolios and positions. On one hand, companies like Nykaa, Policybazaar have got fantastic appreciation as far as the listing journey is concerned. On the other hand, many more companies are coming up for listing and the investors who choose to invest in new generation stocks are shifting portfolios."