Latest Stock Market News

Jio, Airtel and Voda Idea — the three private players in the telecom sector — applied, three sources with knowledge of the matter said. The fourth applicant is Adani Group, one of the sources said, adding that the group had recently obtained National Long Distance (NLD) and International Long Distance (ILD) licences.

The S&P 500 index has closed higher in each of the first four sessions so far this month, after recording its steepest first-half percentage drop since 1970. The benchmark has not had five successive gains so far in 2022.

Sebi had conducted an examination in the matter pursuant to receipt of letters from the Chief Compliance Officer of Zee Entertainment Entreprises Ltd (ZEEL) on unusual trading pattern and hammering of stock prices of equity shares of ZEEL. These letters were received by the regulator in December 2018 and January 2019.

In a thread on Twitter, Kamath said most of the Sebi regulations have hurt the revenues of brokers in the short term but led to lesser volatility. “This has significantly improved the odds of retail participants doing well. One of those Nazdiki fayda dekhne se pehle, door ka nuksaan sochna chahiye things.”

The order came after the regulator received a complaint through SCORES against Bajaj Hindusthan Sugar, whereby the complainant raised concerns regarding false reporting/misreporting in the annual report in respect of Show Cause Notices (SCNs) issued by Pollution Control Board.

Kacholia, who owned 5,00,000 shares or 4.19 per cent stake in Vishnu Chemicals as of March 31, was left with 4,03,522 shares or 3.38 per cent stake in the specialty chemicals company as of June 30, down 81 basis points.

“I would reckon that with earnings disappointment right now and likely downgrades, the valuations appear more expensive and it will be a case for valuations to moderate further. I do not think TCS is likely to outperform in the near future. Deal wins disappointed in the first quarter as did margins.”

The Dow Jones Industrial Average fell 36.12 points, or 0.12%, at the open to 31,348.43.

>> For more such web stories click on the ET icon below

“The portfolio remains primarily geared to the domestic demand story in India. The portfolio is 40% invested in India, with a 27% exposure to China and another 11% allocated to Taiwan and Korean technology. There is also a 24% allocation to energy, resources and gold. This latter allocation in commodity-related plays will be maintained,” Wood said.