Sensex ends 298 pts up, Nifty reclaims 18,200 led by Adani, auto, IT stocks

CLOSING BELL ON MAY 19, 2023: Shares of Adani Group rallied smartly after the SC reported said it could not pinpoint regulatory failure in the Adani-Hindenburg case.

1:20 PM

SC Panel report on Adani-Hindenburg case: Ultimate owner of economic interest in an FPI can’t be ascertained

>> Sebi's suspicion can’t be put to rest in absence of FPI ownership details 

>> Sebi has found out that some entities took short positions before Hindenburg Report.

>> These entities profited from squaring off their positions post Hindenburg Report 

 

1:12 PM

SC Panel report on Adani-Hindenburg case: Chain of overseas firms not clear

>> Panel report says chain of ownership for 13 overseas firms is not clear

>> Foundation of Sebi suspicion w.r.t overseas firms 

1:06 PM

SC Panel report on Adani-Hindenburg case: Believe there is need for effective enforcement policy

>> Enforcement Policy must be in consistence with legislative policy adopted by Sebi

1:01 PM

ALERT :: Can't conclude there is regulatory failure in price manipulation, SC Panel says on Hindenburg case

>> Sebi said suspicious trading observed on part of six entities before publication of Hindenburg Report

12:57 PM

ALERT: SC Panel releases report on Adani Group Vs Hindenburg

>> Empirical data suggests that retail investors exposure to Adani Group increased after Jan 2024
>> Indian market as a whole was not unduly volatile after the Jan 2024 report

12:55 PM

Over one-third Nifty50 stocks look weak on charts. Time to be cautious?

Among banking majors, Axis Bank, ICICI Bank, HDFC Bank and State Bank of India (SBI) appear on track to hit new all-time high in the weeks ahead, charts suggest. READ MORE

12:44 PM

Sebi plan to prune MF costs: New expense slabs, no additional charges

Proposes to bring expenses like brokerage, transaction, and GST within the total expense ratio. READ MORE

12:33 PM

What's capping rally in SBI shares despite record net profit in Q4FY23?

India's largest state-owned bank, State Bank of India, reported standalone net profit of Rs 16,694.51 crore for Q4FY23. READ MORE

12:15 PM

Thomas Cook India's Q4 total income rises 150% to Rs 1,300 crore

The Group's operating Ebitda grew significantly to Rs 270 crore for the full financial year 2022-23 (FY23) against a loss of Rs 120 crore in FY22. READ MORE

12:11 PM

Datamatics Global Services zooms 71% in one month on robust Q4 results

The management said it expects to see a sustained growth momentum for FY23- FY24, given a decent pipeline of opportunities. READ MORE

11:56 AM

ALERT: SC dismisses Tata Motors plea from BEST tender disqualification

>> SC upholds BEST's decision to award contract to every transport company

11:44 AM

Adani Group stocks lose $10 billion in value as MSCI exclusion weighs

Adani Total Gas Ltd. and Adani Transmission Ltd. - the two stocks to be dropped from the MSCI India gauge at the end of this month. READ MORE

11:24 AM

Axis Bank, L&T, Thermax: Chris Wood rejigs India equity portfolio

Chris Wood has added Axis Bank and increased holding in Larsen & Toubro in India long-only portfolio Asia ex-Japan, excludes ICICI Lombard General Insurance. READ MORE

11:15 AM

Adani Total Gas hits over 2-year low; stock slips 26% in six trading days

Last week, global index provider MSCI dropped Adani Total Gas and Adani Transmission from its India index. READ MORE

11:02 AM

IT stocks advance in a weak market: Tech Mahindra, LTIM rise 2% each