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One 97 Communications, the parent company of Paytm, with a ‘Buy’ rating and a target price of ₹1,300 per share, implying an upside of over 37% from Wednesday’s closing price. India's leading payments player, Paytm has accelerated monetization of its large ecosystem with ramp-up of credit business.

(Exciting news! Mint is now on WhatsApp Channels Subscribe today by clicking the link and stay updated with the latest financial insights! Click here!) Brent crude futures, the global oil benchmark, fell 0.47% to $91.07 per barrel. In the domestic equity market, the 30-share BSE Sensex was trading 288.25 points, or 0.44%, lower at 65,588.77, while the NSE Nifty declined 86.95 points, or 0.44%, to 19,584.15.

Pubs billionaire Bruce Mathieson’s campaign for a shake-up of the Endeavour Group board has suffered another blow.

(This story originally appeared in on Oct 19, 2023)

Sensex plunged 551 points to settle at 65,877, while the Nifty declined 140 points to end at 19,671. Stocks that were in focus included names like Ultratech, which fell 0.17%, Maruti Suzuki, which gained 0.23%, and Trident, whose shares dropped 10% on Wednesday. Here's what Riyank Arora, Technical Analyst at Mehta Equities, recommends investors should do with these stocks when the market resumes trading today. Ultratech Cement — Buy on dips After a narrow range consolidation, the stock took support near 100 day SMA (Simple Moving Average) around 8250 level. The anchor VWAP band shows a crucial support within the range of 8240 to 8270 zone.

investors of IndusInd Bank, as the latest shareholding data suggests that there is a high probability of the bank being included in the MSCI index during the November review. The latest shareholding of IndusInd Bank showed that the foreign shareholding has decreased to 62.61%, thereby meeting the minimum headroom requirement of 15%.

Buy or sell stocks for today: Following mixed and choppy trade in Asian markets, Indian stock market ended lower on Wednesday. Nifty 50 index went down 140 points and closed at 19,671 levels, BSE Sensex corrected 551 points and ended at 65,877 mark whereas Bank Nifty index finished 520 points lower at 43,888 levels.

Day trading guide for today: Following weak global market sentiments, Indian stock market ended lower on Wednesday session. Nifty 50 index went down 140 points and closed at 19,671 levels, BSE Sensex corrected 551 points and ended at 65,877 mark whereas Bank Nifty index finished 520 points lower at 43,888 levels.

BSE Sensex closed 551.07 points lower at 65,877.02, while the NSE Nifty 50 declined 140.40 points to settle at 19,671.10. Nifty 50 formed a long bear candle on the daily chart, which is indicating a double top type pattern at 19,840 levels as per daily chart. Nifty is placed within a broader high low range of 19,840-19,635 levels and is now placed at the edge of downside breakout of the lower range.

Proxy adviser Ownership Matters says Qantas shareholders should vote against the re-election of Todd Sampson to the airline’s board, and hold him accountable for brand and reputation issues.

Bill Wavish, who is seeking to become a director of Endeavour Group, has slammed a report by proxy firm CGI Glass Lewis casting doubt over his ability to serve as a competent director, telling shareholders to ignore its recommendation to vote against his election.

Just because ESG wasn’t mentioned in the SEC’s examination priorities doesn’t mean that ESG regulation is out of mind for the agency.

Department of Telecom to consider its recommendations made last year on spectrum auctions to plan the sale of radiowaves, a senior government official said on Wednesday. DoT Joint Wireless Advisor Gulab Chand, during a panel discussion at the India Spectrum Management Conference, said the government is trying its best to hold spectrum auctions by the end of current fiscal or early next fiscal.

Amazon Web Services has announced the preview of new capabilities added to its coding assistant Amazon CodeWhisperer that enables organisations to customise the tool to generate specific code recommendations from private code repositories. With this feature, developers who pay for Amazon CodeWhisperer Professional tier can now receive real-time code recommendations that include their internal libraries, APIs, packages, classes and methods, the company said in a blog. AWS promises the highest level of protection for these repositories.

₹11,593.08 crore and bought stocks for ₹9,761.24 crore, resulting in an outflow of ₹1,831.84 crore, according to NSE data. Domestic institutional investors (DIIs) bought equities worth ₹8,166.53 crore and offloaded shares worth ₹6,697.03 crore, resulting in an inflow of ₹1,469.50 crore, the exchange data showed. The 30-share BSE Sensex plunged 551.07 points, or 0.83%, to end at 65,877.02.

Enforcement Directorate's (ED) powers to arrest and attach property involved in money laundering under PMLA required any reconsideration. A special bench headed by Justice Sanjay Kishan Kaul said the remit was «limited» as a three-judge bench had already addressed some issues related to the Prevention of Money Laundering Act (PMLA). «The issue now is whether anything requires reconsideration,» said the bench, also comprising Justices Sanjiv Khanna and Bela M Trivedi.

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sea and can be very harmful to marine life. They recommended chemical and biological analysis of the seawater to know the exact reason for the algal bloom. A senior official from the Puducherry administration said that the reason for the red color in sea water can be Red tide or algal bloom.

₹2,275 a quintal from ₹2,125 last season and to ₹6,425 a quintal from ₹6,000 last season, respectively. Barley's MSP has been hiked to ₹1,850 from ₹1,735 a quintal last season while chana's MSP has been raised to ₹5,440 from ₹5,335.

Sectorally, buying was seen in healthcare and auto stocks while power, banks, the public sector, and utilities sectors saw some selling pressure. Stocks that were in focus on Wednesday include names like IRB Infrastructure (which was up more than 6%), Triveni Engineering (which gained more than 3% to hit an all-time high), and Suzlon Energy (Which rose nearly 5%). We have collated a list of these three stocks as they have either hit a fresh 52-week high, or an all-time high or saw a volume or price breakout. We spoke to analyst Hariprasad Kizhakkethara on how one should look at these stocks the next trading day entirely from an educational point of view: Here’s what Kizhakkethara, SEBI Registered RA (INH200009351), Director of Livelong Wealth has to say: IRB Infrastructure On Wednesday, the stock went up to 6.5% in a single day.

The federal government is forcing Canada’s big banks to take unresolved customer complaints to a single independent dispute-resolution body — one that three of the country’s largest financial institutions have stopped using over the years as a result of disagreements over how it dealt with complaints.