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The central bank eased several curbs on the flow of foreign investments, including the terms governing the rates of interest offered to foreign currency deposits by overseas Indians. The threshold on External Commercial Borrowing (ECB) under the automatic route has also been doubled.

The Dow Jones Industrial Average rose 152.97 points, or 0.49%, at the open to 31,190.65.

"Sebi hereby cautions the public against such false claims of refund and cautions them against parting with any documents / money on such calls / emails/ messages etc," the regulator said in a statement.The regulator said that it does not seek processing fees or money in any form in cases where money is to be refunded as per court order.

“This is due to a combination of circumstances such as the volatile market conditions, the financial difficulties of our key business partners inevitably affecting us, and the current market climate,” said chief executive officer (CEO) Darshan Bathija in a statement on the company’s website.

Two individuals -- C Murlitharan and C Paranitharan -- have been restrained from the securities markets for one year. Trend Market Advisory Services (TMAS), NSK Chithanathan, C Senthilnathan, C Vijai and S Kokila have been prohibited from the capital markets for a period of six months from the date of this order or till the completion of refunds.

Mitsu Chem Plast is a packaging solutions provider engaged in the business of manufacturing polymer based molded products mainly used for industrial packaging for industries like chemicals, agrochemicals, pharmaceuticals, lubricants, food and edible oil.

For the day, the index closed the day at 16,132.90, up 143.10 points or 0.89 per cent. This was below the 50-day EMA of 16,150 but above the 50-day SMA of 16,120. Nagaraj Shetti of HDFC Securities said that a long lower shadow for the candle, indicates a continuation of upmove post upside breakout of the crucial overhead resistance at 15,900 level.

Most investors focus purely on the price and the price trend, but they tend to overlook the PE trend and the earnings trend over the lifespan of an investment. But it is very important to understand the reason for price fluctuations. Stock prices tend to surge due to a surge in PE or increased earnings, or both.

The RBI on Wednesday raised overseas borrowing limits for companies and liberalised norms for foreign investments in government bonds as it announced a slew of measures to boost foreign exchange inflows in efforts to curb the fall of the rupee.

“Once there is a recession trigger in the US, a recession in several economies like the EU, the UK, Japan, South Korea, Australia, and Canada are also being projected. We are looking at a scenario of synchronised global slowdown over the course of the next 12 months. Probably towards the end of 2023, we would see inflation start to moderate in the US.”