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​​So, I would say that where those valuations were a little bit overvalued because the whole market was overvalued, to the extent that the correction is coming there, I would say some fund managers would look at buying those not related to the specific case over a period of the next few days because they are good, solid operating companies which are just sentimentally getting affected by this particular case.

Power Finance Corporation (PFC) is approaching its ex-dividend date of November 25th, with a planned dividend payout of Rs 3.5 per share. Investors purchasing PFC shares before the ex-dividend date are eligible for the dividend. Several other companies, including Balrampur Chini Mills, EPL Ltd, and Ipca Laboratories, are also approaching their ex-dividend dates.

The US Department of Justice has indicted billionaire Gautam Adani and seven others on charges of bribery, fraud, and obstruction of justice. The indictment alleges a scheme to bribe Indian officials and defraud US investors. Adani maintains his innocence, and the case will now proceed to trial.

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​The rupee closed at its all-time low of 84.4925 per US dollar, down nearly 0.1% on Thursday. On an intraday basis, the local currency touched a record low of 84.495/$1, LSEG data showed.

Asian stocks, Bitcoin up after Wall Street climbs

Updated at : 2024-11-22 07:25:01

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​Shares in Australia and Japan advanced. An index of US-listed Chinese stocks fell 1% Thursday, running against the grain of trading in New York but partly reflecting selling in Hong Kong stocks in their most recent session.

Shares of Adani Enterprises, Adani Green and few other group stocks will be in focus following a sharp 20% fall on Thursday due to US indictment against Gautam Adani.

Bitcoin climbs closer to $100,000

Updated at : 2024-11-22 06:20:01

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Bitcoin has more than doubled in value this year and is up about 40% in the two weeks since Trump was voted in as the next US president and a slew of pro-crypto lawmakers were elected to Congress.

Shares of GQG Partners plunged 20% on the ASX (Australian Securities Exchange) on Thursday, eroding nearly ₹8,100 crore (approx. US $950 million) or 16% of its market value.

Indian benchmark indices fell sharply on Thursday, dragged down by the Adani Group stocks. The Nifty breached the 23,350 level and is heading towards 23,180. The 20-day moving average at 23,500 is an immediate hurdle. The overall market sentiment remains weak.

Bitcoin topped $98,000 for the first time Thursday, extending a streak of almost daily all-time highs since the U.S. presidential election. The cryptocurrency has rocketed more than 40% in just two weeks.

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