It further said that an entity not appearing in the Alert List should not assume that it is authorised by the RBI to deal in foreign exchange or can operate electronic trading platforms for forex transactions

Investment banks JM Financial and IIFL are the lead managers for the IPO. A DRHP has been filed on Friday and the IPO will be launched by May 2023, said sources

The Dow Jones Industrial Average fell 28.34 points, or 0.08%, at the open to 33,671.54

The benchmark index Sensex closed down by about 123 points to 60,683 on Friday. Despite weakness in the market, seven stocks from the BSE consumer discretionary index managed to touch new 52-week highs.The 52-week high is the highest price at which a stock has traded during the last year. Some traders and investors use this technical indicator as an important factor for analysing a stock's current value and for predicting its future price movement

The private sector bank will acquire 26.45 million equity shares of microfinance company Sonata, of face value 10 rupees each fully paid up, for a total consideration of approximately 5.37 billion rupees, the private lender said in an exchange filing

Earlier this month, the exchange had placed three Adani group stocks–Adani Enterprises, Adani Ports, and Ambuja Cements under additional surveillance measures (ASM) to curb excessive volatility

LIC's total exposure to Adani Group is less than 1% at 0.975% of its total assets under management (AUM) at book value. LIC's total holding in Adani Group of companies under equity and debt is Rs 35,917.31 crore as on December-end. On the book value, the debt is around Rs 6,000 crore

Nifty is consolidating near the 20-day SMA and closed above the 14-DMA, suggesting a near-term bullish trend. Besides, the index ended the week above 17800, which again points towards a strong weekly close. Momentum indicator RSI is in a bullish crossover and rising

Nifty is consolidating near the 20-day SMA and closed above the 14-DMA, suggesting a near-term bullish trend. Besides, the index ended the week above 17800, which again points towards a strong weekly close. Momentum indicator RSI is in a bullish crossover and rising

The brokerage is overweight on financials, technology, consumer discretionary and industrials and underweight all other sectors. In its model portfolio, Morgan Stanley has increased weightage on its top bet financials by 600 basis points to 25.2%

Moody's Investor Service on Friday revised downwards the rating outlook on four Adani Group companies to negative from stable after a significant and rapid decline in market value following a report by US-based short seller Hindenburg Research.

For Adani Green Energy (AGEL), the outlook has been revised to ‘negative’ from ‘stable’, while the ‘Ba3’ rating remains unchanged.

Equity benchmark Sensex declined 123 points on Friday due to selling pressure in metal and energy stocks amid a bearish trend in global equity markets. Snapping its two-day gaining streak, the 30-share BSE Sensex ended 123.52 points or 0.20 per cent lower at 60,682.70. During the session, the index touched a high of 60,774.14 and a low of 60,501.74. The broader NSE Nifty slipped 36.95 points or 0.21 per cent to finish at 17,856.50.

From the Sensex pack, HCL Tech, Tata Steel, ITC, M&M, Reliance and ICICI Bank ended lower. Wipro, NTPC, Infosys, Asian Paints and HUL also ended with cuts

MSCI reasssessed the size of companies' free floats, having determined there was "sufficient uncertainty" surrounding some investors in Adani companies. It embarked on the review after feedback from market participants.

Sebi is looking into any potential violation of Indian securities laws or any conflict of interest in the share sale process, said the two sources who have direct knowledge of the matter

When a firm issues bonus shares, its shareholders do not have to incur any extra costs to get them. The number of bonus shares you receive depends on the number of shares of the firm you already hold

Sebi is looking into any potential violation of Indian securities laws or any conflict of interest in the share sale process, said the two sources who have direct knowledge of the matter

In addition to Adani Enterprises - the group's coal-miner-cum-incubator for new projects, MSCI said it plans to cut the weightings for Adani Total Gas - a venture with France's TotalEnergies and Adani Transmission, a power transmission company.

One of the biggest factors at play here, and in international economies like the US and Europe, is the consistently high inflation and the central bank movements aimed at controlling the same, including quantitative tightening and significant hikes in interest rates.

"LIC's total exposure (debt and equity) to Adani Group of stocks stands at less than 1% of the total AUM," says LIC Chairman MR Kumar

In addition to Adani Enterprises - the group's coal-miner-cum-incubator for new projects, MSCI said it plans to cut the weightings for Adani Total Gas - a venture with France's TotalEnergies and Adani Transmission, a power transmission company.

Strong outperformance is seen in the capital goods space amid market volatility. “Looking at the overall chart structure on a weekly and monthly scale we expect the stock to move higher,” highlighted Beriwal.

In a block deal, 3.4% equity or 2.1 crore shares of Paytm's parent company One97 Communications changed hands today in which Chinese multinational Alibaba sold its entire stake, ANI reported.

Analysts say the proposal is going to have an impact of 10-12% in the topline of life insurance companies. Budget's nudge towards the new tax regime is also likely to affect sales of life and health insurance policies.

The business momentum continues to be strong for LIC and as a result, the overall market share by first-year premium income was 65.38% for the nine months ended December as compared to 61.40% for the corresponding period last year.

As a mixed new flow ensures that NIFTY stays in volatile mode, the fear that small caps may also come under sharp selling pressure is also increasing. The market breadth and volumes in the small caps segment is clearly indicating that fear. However, small cap companies which operate in niche products and services or have brands with strong market share tend to get the attention of the market even when overall small cap is under pressure. ET screener powered by Refinitiv’s Stock Report Plus lists down stocks with high upside potential over the next 12 months, having an average recommendation rating of “Buy” or "Strong Buy".

Buffett didn't respond to questions Thursday about why he was selling the shares, but he doesn't typically comment on stocks he is buying and selling while he is still making those moves.

Since the start of the year, oilfield services firm Atlas Energy, Chinese sensor maker Hesai Group and restaurant chain Cava are among the companies that have filed for U.S. IPOs.

The reported operating profit improved by Rs 424 crore from the year-ago period, and the margin improved to 2% of revenue from -27% a year ago, due to sustained improvement in contribution profit and strong operating leverage.

It is now two quarters in a row that numbers from banks have shown an improvement. Quite a few of the mid-sized bank number’s were better than what the street had estimated. After facing many headwinds, finally PSU banking space is appearing to be at a stage where all their efforts may start yielding sustained results for the bottomline and shareholders. ET screener powered by Refinitiv’s Stock Report Plus lists down stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy".

Info Edge (India)’s daily trend is sideways. Based on the options chain analysis, the range is between Rs 3,300 and Rs 4,000. This is a wide range. Let us plan a trade around this.

JPMorgan maintained its overweight rating on Hindalco post the Q3 results with a target price of Rs 525. The stock should trade with the LME trend. The global investment bank cuts the FY23 EPS estimates by 22% given the large Q3 miss at HNDL's downstream subsidiary.

The company reported a beat on unit economics, but growth slowed down, said the brokerage. GOV growth of 0.7% was led by AOV growth as orders declined QoQ. Unit economics in core business surprised positively, and the management is confident about its break-even target, it said, adding that quick commerce is showing good traction.

At a time when foreign portfolio investors or FPIs were trying to mitigate losses by dumping these stocks, domestic mutual funds lapped them up not for one, but three straight quarters.

Four Adani stocks - Adani Transmisson, Adani Total Gas, Adani Power and Adani Green - were locked in their respective 5% lower circuit limits. The conglomerate's flagship entity Adani Enterprises, whose weighting will be reduced by 30 basis points to 0.5% in the MSCI Global Standard Index, was trading 1.5% lower at Rs 1,897.60.

Opening Bell: Sensex sheds 100 pts, Nifty near 17,850; Adani Enterprises tanks 10%, Zomato 5%

The Nifty 50 index fell 61 points or 0.34% to 17,832, while the S&P BSE Sensex declined 182 points or 0.30% to 60,624, as of 9.22 am.

"We believe the outperformance of the value stocks is likely to continue in H1CY23 and would be led by a pickup in the credit growth as well as a recovery in the domestic-cyclical stocks, which would be in line with the pickup in the domestic economy," said Axis analyst Neeraj Chadawar.

Bank of Baroda shares were up 1.5% in the morning hours on Friday following the announcement. CG Power, on the other hand, could witness an inflow of $89 million as a result of the inclusion. "The stock has gained 27% since November 2022 and 90% in the last 8 months. It made a new 52-week high this week (Rs 319.5) and MSCI addition could further add to the bullish momentum.

On the Options front, the weekly maximum Call OI is placed at 18000 and then towards 18200 strikes while the maximum Put OI is placed at 17800 and then towards 17600 strikes.

MSCI said it had reduced the free floats of Adani Enterprises, Adani Total Gas, Adani Transmission and the Associated Cement Companies, the report said.

The markets oscillated within a range on the weekly options expiry day, with the Nifty ending the session with a marginal gain. Commodities and metal stocks have come off their highs, after the dollar index rose sharply.

ET Now spoke to various experts, and here's what they have to recommend for today's trading session. Nooresh Merani has a buy/sell recommendation on RIL and L&T, while Kunal Bothra has a buy/sell recommendation on ICICI Bank and IRCTC for today's trading session. Check out the targets and stop loss.

Bank of Baroda and CG power are the two inclusions in the index, while it has reduced weightage across multiple Adani group stocks, ET Now's Soumeet Sarkar details

Stocks that were in focus include names like Cummins India which was up nearly 7%, KPIT Technologies rose nearly 2% to hit a fresh 52-week high, and M&M Financial Services hit a fresh 52-week high on Thursday.

U.S. short-term Treasury yields held near a one-month high, helping the dollar tick up against major peers, after Richmond Fed President Thomas Barkin overnight added to a chorus of hawkish central bank commentary in recent days.

The central board of trustees of EPFO is expected to meet later this month or in early March to decide on the interest rate that will be recommended by its Finance Investment and Audit committee based on the earnings for 2022-23. The retirement fund body had announced the interest rate of 8.1% for 2021-22, which was the lowest in four decades.

The February futures contract of Nifty 50 traded on the Singapore Exchange indicates a negative start to domestic equities. The contract was trading at 93 points or 0.53% lower around 7

Stocks have enjoyed an upbeat start to the year on hopes that the Fed will abandon its hawkish rhetoric and pilot the economy to a soft landing. Traders are betting that the Fed will raise its benchmark rate to a peak of 5.1% in July, largely in line with the forecasts of Fed officials.