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Sebi proposes to widen UPSI ambit

Updated at : 2024-11-11 06:35:01

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In its consultation paper, Sebi has proposed that only agreements, including shareholder, joint venture and family settlement, that affect the management and control of the firm and are known to the firm should be considered price-sensitive and included in the illustrative list of events under the definition of UPSI.

Indian markets showed volatility; stock recommendations include Motilal Oswal, Netweb Technologies, KIMS, Chalet, and Jubilant Food for potential gains based on technical breakouts and strong momentum.

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Bitcoin nears $80,000, driven by optimism over Trump’s pro-crypto stance and pro-digital-asset lawmakers in Congress, with strong demand for ETFs and interest-rate cuts boosting cryptocurrency investments.

The Indian market ended in the red on Friday, marking its second consecutive day of losses. Both the BSE Sensex and Nifty50 closed flat with a negative bias.

Global diversification offers Indian investors enhanced risk-adjusted returns by combining the growth of India and the U.S. markets. A balanced India-U.S. portfolio provides stability, currency diversification, and resilience during economic downturns.

Going ahead, the FPI selling trend is likely to continue in the near term till data indicate the possibility of a trend reversal. If the Q3 results and leading indicators reflect a recovery in earnings, the scenario can change with FPIs reducing selling and even turning buyers. Investors will have to wait and watch for the data, VK Vijayakumar, Chief Investment Strategist, Geojit Financial Services, said.

While Reliance Industries, Bharti Airtel, ICICI Bank, ITC, Hindustan Unilever and Life Insurance Corporation of India (LIC) suffered erosion in their market valuation, Tata Consultancy Services (TCS), HDFC Bank, Infosys, and the State Bank of India were the gainers.

Over 2500 companies, including prominent names like ONGC, Hindalco, and Hero MotoCorp, are set to release their second-quarter earnings this week. Early reports suggest muted results, with analysts predicting the slowest growth in over four years due to a marginal 2% rise in Nifty earnings.

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When Trump ran for president in early 2016, US equities were on shaky footing, posting their worst start to a year since the financial crisis with a drop of more than 5% in January. By the time of his inauguration, the S&P 500 was coming off a 9.5% gain in 2016 after ending 2015 in the red. The index was trading at 17 times projected earnings. The yield on 10-year Treasuries was around 2.5%, and the fed funds rate sat at 0.75%.

​These 7 penny stocks surge 15-35% in a week

Updated at : 2024-11-10 11:20:01

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Despite a 0.30% decline in Sensex, 7 penny stocks gained 15-35%, meeting criteria of market cap under Rs 1000 crore.

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