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The Securities and Exchange Board of India (Sebi) said that an entity acting as an OBPP prior to the new rules coming into force, cannot offer products or services on its platform except listed debt securities and debt securities proposed to be listed through a public offering.

These proposals are aimed at streamlining the disclosure requirements for material events or information required under LODR (Listing Obligations and Disclosure Requirements) rules and keeping pace with the changing market dynamics. The regulator has sought comments from the public till November 27 on the suggestions.

The near-term uptrend status remains intact and the market is now showing minor consolidation at the hurdle of 18,350 levels. The choppy movement/minor weakness could continue for the next 1-2 sessions before showing another round of sharp upside bounce from the higher lows. Immediate support is placed at 18,250

Ashish Kacholia has higher holdings in chemicals, healthcare, plastic products, fmcg, IT, and retailing sectors

“In the midcap-smallcap side of the basket, sector wise, we like banks as a sector, we like capital goods or industrials and then of course auto and consumer discretionary. These are the four broad sectors that we like. When we look at banks, we are definitely looking at the tier two banks, the likes of Federal Bank and DCB, banks which make an interesting case and even a bank like Ratnakar Bank Ltd.”

Oil demand in 2022 will rise by 2.55 million barrels per day (bpd), or 2.6%, the Organization of the Petroleum Exporting Countries (OPEC) said in a monthly report, down 100,000 bpd from the previous forecast.

“The second quarter is a seasonally good quarter and there are variations from quarter to quarter and we would typically see that the second quarter is always slightly better. The third quarter is a quarter of the festivals and celebration and during this quarter, the occupancy levels may not go up so dramatically but eventually this is going towards 75% occupancy. Many of our hospitals are even currently working at about 75% occupancy.”

Among the exits, Jhunjhunwala and associates’ stake dropped below one per cent in Bilcare, Indiabulls Housing Finance and Autoline Industries as of September 30, 2022.

A critical aspect that usually works in such situations is the presence of skin in the game – it offers no guarantee of success, but an absence of it is a huge red flag. If a conflict of interest can be avoided, the chances of survival multiply manifold.

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