Asian stocks rose on the back of easing banking fears and Alibaba's plan to break up its conglomerate structure, offering hope that the regulatory storm around Chinese tech firms may be dissipating. MSCI's Asia-Pacific shares index rose for a third straight day, up 0.3%, while Australia's stocks rose by 1%.

At the Sebi board meeting, chairperson Madhabi Puri Buch declined to comment on its investigation into the Hindenburg Research report on the Adani Group. "We never comment on entity-specific matters and on top of that the matter is before the Supreme Court and we never comment on sub-judice matters," Buch said at a press conference after the board meeting.

The Dow Jones Industrial Average rises 193 points to 32,587.24, the S&P 500 was up 0.97%

The stake acquisition by the promoter helped shares of Quess Corp snap their 3-day losing streak and test a 1-month high of Rs 385. The stock ended 4% higher at Rs 357.50 on the NSE.Through separate deals, a mutual fund house, foreign portfolio investor, and life insurance company sold stake in Quess Corp.Aditya Birla Sun Life Mutual Fund sold 11,36,091 shares or 0.8% stake at Rs 383.79 a share.

The idea is to ensure private players are not crowded out of the bond market at a time when private capital expenditure is expected to gradually gain traction and credit growth has picked up pace, said the official.

Among the measures the market watchdog extended the MII [Market Infrastructure Institution] administered conciliation and arbitration mechanism to registered intermediaries / regulated entities and their investors / clients. It also allowed conducting proceedings in a hybrid mode along with streamlining the dispute resolution process and adoption of other measures to strengthen enforcement of awards

"Cement sector expected to outperform in the short term. Sector leader UltraTech Cements is shaping well above its short-term and long-term moving averages," Rahul Sharma, Director, Head- Technical & Derivative Research, JM Financial Services Ltd, said.

Changes were made in rules governing certification requirements for key employees of Investment Manager, transactions with associates, and option to sell unliquidated investments to a new scheme of the AIF.

ET Markets used ET Mutual Screeners to compile a list of the top 5 gold funds that have yielded about double-digit returns over the last 3 years. Gold funds, which involve purchasing paper gold in the form of units, are structured like a fund of funds and primarily invest in Gold ETFs. These ETFs invest in physical gold or gold mining/refining companies, causing the price of the Gold ETF to move in tandem with gold prices. As a result, the NAV of a gold fund accurately reflects the movements in gold prices

The AMCs will also be required to make enhanced disclosures on voting decisions with specific focus on environmental, social and governance factors along with disclosures of fund manager commentary and case studies, which highlight how the ESG strategy is applied.

Regulator is introducing a quantitative threshold for determining ‘materiality’ of events or information

The benchmark Sensex experienced a notable surge on Wednesday, with an increase of approximately 350 points to reach 57,960. As part of this rally, six stocks from the BSE 500 index hit a new 52-week high, a significant technical measure for some traders and investors in assessing a stock's present value and forecasting its future price trends. The 52-week high signifies the highest trading price of a stock within the last year.

The idea is to ensure private players are not crowded out of the bond market at a time when private capital expenditure is expected to gradually gain traction and credit growth has picked up pace, said the official.

In addition, the board of Sebi has decided to permit "Self Sponsored AMCs" to continue the mutual fund business. This is subject to asset management companies (AMCs) fulfilling certain conditions. The move would give the original sponsor flexibility to voluntarily disassociate itself from the MF without needing to induct a new and eligible sponsor.

SEBI chief said it would not be appropriate commenting on a single entity especially when the matter is subjudice

The Securities and Exchange Board of India (SEBI) has approved a broad framework of Application Supported by Blocked Amount or ASBA-like facility to be available to investors for secondary market trading.The facility is based on blocking of funds for trading in the secondary market through UPI, SEBI said in a release post its board meeting.

The Dow Jones Industrial Average rose 172.29 points, or 0.53%, at the open to 32,566.54.

SEBI chief said it would not be appropriate commenting on a single entity especially when the matter is subjudice

The requirement will kick in from Oct.1, 2023 for top 100 companies by market capitalization, and from April 1, 2024 for the top 250, SEBI said in a press release following a board meeting.

Nirmala Sitharaman announced last year that the government had taken up the SEBI's proposal for the fund

According to a release issued after the board meeting, Sebi said it has decided to end the practice of individuals having permanent seats at boards of listed companies. The move is part of efforts to further boost the corporate governance ecosystem.

Currently, India only allows financial services firms and corporates to back an AMC.

ET Market's mutual fund analysis has identified 5 hybrid mutual funds that gained between 30-43% in the last 3 years. Hybrid funds invest in equity and debt to balance risk and reward and optimise investment returns. Find out more.

The facility is based on blocking of funds for trading in the secondary market through UPI. The facility will be optional for investors as well as stock brokers

The broader NSE Nifty rose 129 points or 0.76% to end at 17,081 on F&O expiry

Things in motion possess inertia. An analogous property characterizes the stock market: A trend in force tends to remain in force until something occurs to change it. In other words, the trend is your friend. Although this adage is familiar, some investors may not fully appreciate its wisdom. Investors need not find exact tops and bottoms.

Kamath, the co-founder, and CEO of India's leading broking firm Zerodha, said individuals should get health coverage to the extent they can afford even before doing anything else in the personal finance journey.

As rising covid cases in the country once again make headlines, a narrative around diagnostic and hospital stock will get built very soon.

"Though high capex is a near-term worry, we reiterate our high-conviction buy on RIL given its industry-leading capabilities across businesses, which is likely to drive robust 13-15% EPS CAGR over the next 3-5 years," JM Financial said while setting up a target price of Rs 2,900 per share.

Closing Bell: Fag-end buying drives Sensex 364 pts up; Nifty settles above 17,050 on F&O expiry; Adani Ent jumps 9%, Adani Ports 7%

“We have a very effective 3M approach, the market size, market share, and margin of safety. So, just to put it in a nutshell, these three things combined buying businesses which are market leaders,” Rajesh Kothari, Managing Director at AlfAccurate Advisors Pvt Ltd., said.

According to the BSE, the equity segment, derivative segment, and SLB segment will be closed tomorrow. Further, the multi-commodity exchange will also be closed for the morning session and trading will resume at 5 pm on March 30 for the evening session.

The interim dividend, if declared by the Board, will be paid to the shareholders whose names appear on the register of members of the company or in the records of the depositories as beneficial owners of the shares as on April 13.

These small cap companies have shown returns of more than 10 percent in the last 3 months at a time when markets have been overwhelmed by news and other developments. Also, their overall scores have improved from their three months prior score. ET screener powered by Refinitiv’s Stock Report Plus lists down stocks with high upside potential over the next 12 months, having the average recommendation of "Strong Buy".

From being a penny stock, the bank shares have seen a considerable upside. It has outperformed the Nifty50 in the past year. It has given returns of 84.8% during this period against 1.5% returned by the broader market index.

The insolvency plea by IndusInd Bank against Zee had raised questions over the smooth merger of the company with Sony Pictures, which was already delayed due to regulatory requirements. In February alone, shares of Zee Entertainment lost nearly 14% of its value.

The company had recently said in a statement to exchanges that it had signed an MOU for cooperation with Scirocco Enterprises of Zambia for the construction of 1 lakh low and medium-cost houses to mitigate an acute shortage of housing in Zambia. The housing units are to be constructed by 2030.

One of the projects worth Rs 897.37 crore is for the construction of a 4/6 lane bypass in Karnataka on HAM mode package 1 (hybrid annuity model). The project has to be completed within 912 days from the appointed date.

These small cap companies have shown returns of more than 10 percent in the last 3 months at a time when markets have been overwhelmed by news and other developments. Also, their overall scores have improved from their three months prior score. ET screener powered by Refinitiv’s Stock Report Plus lists down stocks with high upside potential over the next 12 months, having the average recommendation of "Strong Buy".

The Relative Strength Index (RSI) is placed at 70.4. RSI above 70 is considered overbought. This implies that stock may show pullback, Trendlyne data showed. MACD is above its center and signal Line, this is a bullish indicator.

“We remain cautious on the India IT services sector, overall. We believe there will be a significant divergence in the operating performance in FY24 in the companies,” Nomura financial analysts Abhishek Bhandari and Krish Beriwal said in their recent report.

Shares of the companies usually trade ex-dividend a day or two before the record date. When a company goes ex-dividend on a particular date, its stock does not carry the value of the next dividend payment.

The investment will buy Jindal Stainless the first right of refusal for the nickel pig iron smelted at the proposed plant, but no concessionary rates. The company said that the fiscal benefits of the investment will show on its consolidated balance sheet once the plant becomes operational.

Check out Stock Reports Plus, powered by Refinitiv, for price targets of over 4,000 listed stocks along with detailed company analysis focusing on five key components - earnings, fundamentals, relative valuation, risk and price momentum to generate standardized scores.

Adding to the concerns was CRISIL Ratings, who joined the club of global rating agencies by downgrading the outlook on Vedanta’s non-convertible debentures and long-term bank facilities to “negative” from “stable”.

“There has been incremental prepayment of $134 million completed after the press release of 6 Feb 2023 ($1,114 million) and 7 Mar 2023 ($902 million), resulting in the updated debt figure of $2.15 billion for the press release of 12 Mar 2023,” the release has further clarified.

“Zydus Lifesciences is expected to reap the benefits of strong product launches in the US including for gTrokendi XR and gRevlimid, transdermal and other launches and volume growth. It trades at an attractive valuation of ~18.6x/~16.7x its FY2024E/FY2025E EPS,” Unnati Jadhav, Research Analyst – Pharmaceuticals at Sharekhan by BNP Paribas, said.

The company’s presence in niche sub-verticals of BFS, Insurance & TTH, consistent deal wins, lower attrition and lower client concentration distinguish it from peers, according to the brokerage.

Sensex jumps 200 points, Nifty tops 17,000; Adani Transmission, Adani Green fall 5% each; Ambuja cements, ACC, New Delhi Television are some of other movers in the morning trade.

From the Sensex pack, M&M and HCL Tech were the top gainers, rising over 1%. Bajaj Finance, HDFC Bank, HUL, Tech Mahindra, Bharti Airtel and Tata Motors also opened with gains. On the other hand, Reliance, IndusInd Bank, SBI and Axis Bank opened with cuts.