Trends Financial News

ICICI Securities has approached the National Company Law Appellate Tribunal (NCLAT) challenging the National Company Law Tribunal's order approving the company's delisting application from the stock exchanges. On August 21, the NCLT's Mumbai bench dismissed two objections to the delisting scheme and allowed delisting. On Friday, Bengaluru-based investment manager Manu Rishi Guptha filed an appeal in the NCLAT, New Delhi. In an exchange filing, the ICICI Bank said it received an intimation from NCLAT on Friday that one shareholder of ICICI Securities holding 13, 050 shares of ICICI Securities has e-filed an appeal before NCLAT against the order of NCLT dismissing their application. Guptha and a few investors are opposing the terms of the proposed delisting of ICICI Sec.

foreign exchange reserves scaled a new high of $689.235 billion at the end of September 6, the Reserve Bank of India data showed. Forex reserves rose $5.248 billion in the week ending September 6, making it the fourth consecutive weekly rise backed by healthy dollar inflows. In the past four weeks, reserves rose by $19.2 billion.

If the current trends sustain, Bajaj Housing Finance is likely to deliver multibagger gains to investors on debut.

Nifty50 closed at 25,356.50, lower by 32.40 or 0.13%. Nifty fizzled out and closed with a minor loss and barring oil & gas, FMCG and healthcare, all sectors ended in the red as the market gave up its early gains on the last day of the week, said Siddhartha Khemka, Head — Research, Wealth Management, Motilal Oswal Financial Services, while commenting on the day's action.

KM Sugar Mills Ltd.(up 3.56%), Kothari Sugars & Chemicals Ltd.(up 1.60%), Ugar Sugar Works Ltd.(up 1.45%), KCP Sugar & Industries Corporation Ltd.(up 1.45%), Mawana Sugars Ltd.(up 1.39%), Triveni Engineering & Industries Ltd.(up 1.32%), Rana Sugars Ltd.(up 0.93%), Vishwaraj Sugar Industries Ltd.(up 0.79%), Sakthi Sugars Ltd.(up 0.69%) and Dwarikesh Sugar Industries Ltd.(up 0.68%) stood among the top gainers.

Interarch Building Products Ltd has reported a 5 per cent increase in consolidated net profit at Rs 20.3 crore for the quarter ended June. Its net profit stood at Rs 19.4 crore in the year-ago period. Net revenue rose 3 per cent to Rs 303.4 crore in April-June period of this fiscal from Rs 293.7 crore in the corresponding period of the previous year, the company said in a statement on Thursday.

Since graduating with a degree in economics from the University of Birmingham in 2018, Joel has worked as a financial market/cryptocurrency analyst. He firmly believes that emerging crypto technology...

Shares of DLF Ltd.(up 3.32 per cent), Sunteck Realty Ltd.(up 3.07 per cent), Macrotech Developers Ltd.(up 2.77 per cent), Oberoi Realty Ltd.(up 2.66 per cent) and Godrej Properties Ltd.(up 2.47 per cent) ended the day as top gainers in the pack.

Benchmark NSE Nifty closed 32.41 points down at 25356.5 amid selling in frontline bluechip counters.

Shares of Wipro Ltd.(up 3.88 per cent), Coforge Ltd.(up 2.0 per cent), MphasiS Ltd.(up 1.56 per cent), L&T Technology Services Ltd.(up 1.14 per cent) and Persistent Systems Ltd.(up 1.01 per cent) ended the day as top gainers in the pack.

Rakesh Sharma, ED, Bajaj Auto, says there is no silver bullet that will solve all problems, on the government, society, and consumer fronts. To address these use cases, we will have the coexistence of ICE or let us say gasoline, CNG, and EV. Ethanol is also on the horizon. If there is a significant push from the government, that envelopes all the sugar factories, etc, and ropes them into this, then ethanol, which is a very big play in for example, a country like Brazil. We see all this combining to solve the issues with the society, the government and the customer are facing. We want to maintain our agility to toggle between these fuel systems. Bajaj Auto stock is at an all-time high. Three-digit has become four-digit and now five-digit. Rakesh Sharma: Well, that is your perspective. I have got a whole lot of things to attend to. So, this is, not the first thing on my mind when I roll into office.

Bharti Hexacom surged 13% on the NSE on Friday to hit a fresh 52-week high of Rs 1,453.95 after US brokerage Jefferies upgraded the stock's rating to 'Buy' from an earlier 'Hold' view while raising its price target to Rs 1,600 from Rs 1,260. Meanwhile, Citi also initiated a buy on the counter with a price target of Rs 1,405. Jefferies in a note dubbed the Bharti Airtel promoted company as the 'best play' on tariff hikes.

dollar fell to its lowest level this year against the Japanese yen on Friday after media reports reignited the debate about an outsized Federal Reserve rate cut next week. The U.S. currency fell more than 0.8% to 140.645 yen, the lowest since late December, and last traded 0.7% lower at 140.8. The euro, pound and Swiss franc made gains against the dollar.

Subscribe to enjoy similar stories. Bull market and bear market are two terms that every stock market investor is familiar with. While bull markets create wealth, bear markets destroy wealth.

Lupin Ltd. gained 0.45 per cent to Rs 2257.0 in Friday's trade as of 11:46AM (IST). The stock hit a high price of Rs 2277.3 and low of Rs 2257.0 during the session.

<a href=«https://economictimes.indiatimes.com/divi» s-laboratories-ltd. data-ga-onclick=«Inarticle articleshow link click#Markets#href» target="_blank">Divi's Laboratories Ltd. gained 0.7 per cent to Rs 5520.0 in Friday's trade. It hit a high of Rs 5520.0 and low of Rs 5378.8 during the session. On the technical charts, the 200-DMA of the stock stood at Rs 4115.54, while the 50-DMA was at Rs 4852.95. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered a bearish trend and if trades between these averages, then it suggests the stock can go either way.

Max Healthcare Institute Ltd. traded 0.44 per cent up at Rs 916.65 at around 01:58PM (IST) on Friday. The stock had closed at Rs 912.6 in the previous session. Equity benchmark Sensex traded 33.43 points lower at 82929.28 around the same time.

LTIMindtree Ltd. gained 0.48 per cent to Rs 6423.1 in Friday's session as of 01:38PM (IST) even as the equity benchmark Sensex traded 88.8 points lower at 82873.91. Earlier in the day, the stock witnessed a gap down start to the session. The stock quoted a 52-week high price of Rs 6442.65 and a 52-week low of Rs 4518.35 on NSE. Around 4630 shares changed hands on the counter till 01:38PM (IST).

Adani Power Ltd. traded 2.1 per cent up at Rs 637.65 at around 01:53PM (IST) on Friday. The stock had closed at Rs 651.35 in the previous session. Equity benchmark Sensex traded 29.36 points lower at 82933.35 around the same time.

Bharat Forge Ltd. traded 1.06 per cent up at Rs 1607.8 on Friday at around 11:51AM (IST), while the benchmark BSE Sensex declined 34.31 points to 82928.4. As many as 6,575 shares changed hands on the counter with a total value of Rs 1.05 crore.

PI Industries Ltd. traded 0.1 per cent up in Friday's trade at 11:56AM (IST). Around 1,361 shares changed hands on the counter. The stock opened at Rs 4662.95 and touched an intraday high and low of Rs 4686.75 and Rs 4637.1, respectively, in the session so far. The stock of PI Industries Ltd. quoted a 52-week high of Rs 4748.25 and a 52-week low of Rs 3060.0.