Day: July 7, 2022

Sebi bars 11 entities for fraudulent trading in Supreme Tex Mart stock

New Delhi: Regulator Sebi has barred 11 entities as well as their promoters and directors from capital markets for six years for indulging in fraudulent practices while trading in the stock of Supreme Tex Mart Ltd. In addition, the regulator directed nine entities to disgorge Rs 18.23 crore gained illegally. The amount includes an interest …

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Ahead of Market: 10 things that will decide D-St action on Friday

Displaying strength for the second consecutive session on the back of softening commodity prices, the domestic equity market today rose nearly one per cent. Nifty settled around the day’s high to close at 16,132.9 levels. In line with the trend, the market breadth was also inclined strongly on the advancing side. Here’s how analysts read …

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Production from captive, commercial coal mines rises 79% in June quarter

The production from captive and commercial coal blocks has increased by 79 per cent to 27.7 Million Tonnes (MT) in the June quarter. The coal ministry also expressed hopes that the targeted production of 32 MT from captive and commercial mines during the second quarter of FY23 will be achieved. “Production from coal blocks …

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Sebi bans 7 entities for unauthorised investment advisory

Capital markets regulator Sebi on Thursday imposed a ban on Trend Market Advisory Services and six individuals for providing unauthorised stock recommendation to investors. They have been restrained from the securities markets for varying periods. Two individuals — C Murlitharan and C Paranitharan — have been restrained from the securities markets for one year. Trend …

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Kalyan Jewellers reports robust revenue growth of over 65% in June quarter

Jewellery retailer Kalyan Jewellers on Thursday said it witnessed continued momentum in both footfall and revenue across all our markets in India and the Middle East in the first quarter of this financial year. “We witnessed consolidated revenue growth of over 105 per cent in the first quarter of FY23, compared to the same …

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nifty: Market Watch: Nifty bulls riding high on hopes of fading inflation | The Economic Times Podcast

Welcome to ETMarkets Watch, your daily wrap-up to the day on Dalal Street. I am Nikhil Agarwal. The bulls tightened their grip on markets, with benchmark indices scaling one-month peaks on Thursday, led by gains across sectors. The 30-share pack Sensex advanced 427 points or 0.80 per cent to close at 54,178. Its broader peer, …

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WhiteOak starts mutual fund business with launch of flexicap scheme

Prashant Khemka-led WhiteOak Capital Mutual Fund on Thursday announced the launch of its first equity NFO ‘WhiteOak Capital Flexi Cap Fund’. The actively managed fund would remain agnostic to sectors, market caps and investing styles. “We consciously seek to maintain a balanced portfolio reflecting our team’s stock selection capabilities rather than being driven by non-stock …

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