#India: Pre-Open
✦#NCLAT has granted a stay on the #NCLT order with respect to IBC proceedings initiated against #Zee. Accordingly, Zee will move out of the IBC framework, and the corresponding surveillance actions on the company will be reverted #StockMarket#nseindia#BSE
#India: Pre-Open
✦#TataSteel has received approval from the Committee of Directors for allotment of 2.15 lakh NCDs, with an 8.03% fixed coupon rate, having a FV of Rs 1 lakh, amounting to Rs 2,150 crore, for a tenor of 5 years, to investors on a private placement basis #NSE
✦#GICHousingFinance has received board approval for the allotment of 32,500 NCDs with 8.7% per annum interest, having a face value of Rs 1 lakh each, amounting to Rs 325 crore on a Private placement basis
#India: Pre-Open
✦The Cabinet Committee on Economic Affairs has approved incurring expenditure on pre-investment activities for Dibang MPP in Arunachal Pradesh for Rs 1,600 crore. #NHPC is developing the project & the estimated total cost of the project is Rs 28,080.35 crore
✦Yogesh Patel has resigned as Chief Financial Officer of #MahindraLogistics, with effect from 10 March'23, to pursue his professional interests outside the Mahindra group
✦The Capital Raising Committee of #VodafoneIdea allotted 12,000 OCDs of FV of Rs 10 lakh each, amounting to Rs 1,200 crore, to #ATCTelecomInfrastructure
✦#Mastek has signed a strategic partnership with Netail, to help e-commerce and omnichannel retailers optimise their retail value chain and thereby attract, convert, and retain digital consumers
✦Indices opened flat in the morning & #Nifty was consolidating between 17,300 & 17,400 in the morning, then fell 146 points intraday, took support around 17,250 & recovered 87 points & finally closed at 17,303.95
✦Mid-caps & small-caps witness buying pressure as their respective indices rose 0.74% & 0.41%. Pharma, Healthcare & Oil & Gas stocks drag the index, while Media, Real Estate & Auto stocks rise
With the US Fed & Major Central Banks increasing their interest rates across the globe, we all see notable fluctuations in forex prices before & after these major events. Forex is the most liquid market on the planet, let's discuss about what moves the currencies #currencies 1/8
Amongst many theories of forex pricing, the most basic & one of the earliest developed theories were the "Mint Par Theory" & "Purchasing Power Theory". Come let's explore these theories
Now, let's move on to a very interesting concept that many market participants scrutinize, the #BigmacIndex. Further, let's discuss the "Balance of Payments Theory"
✦Indices opened flat in the morning & #Nifty was consolidating between 17,400 & 17,300, but broke the support & fell 146 points intraday & now trading between 17,250 & 17,300
✦Mid-caps & small-caps witness buying pressure as their respective indices rose more than 0.1%. Pharma, Healthcare & FMCG stocks drag the index, while Media & Consumer durable stocks trade in green
✦Inidces opened with a gap down in the morning & #Nifty continued the downtrend as it fell 144 points intraday, then took support around 17,300 twice & finally closed at 17,392.7
✦Mid-caps & small-caps closed in red as the mid-cap index fell 0.69% & small-cap index fell 1.12%. Media, Metal & IT stocks dragged the index, while Real Estate, Banks & Financial Service stocks closed in green
✦Indices opened with a gap down in the morning & #Nifty continued the downtrend as it fell 143 points intraday, then recovered 97 points & fell another 98 points & now trading around 17,350
✦Mid-caps & small-caps witness selling pressure as their respective indices fell more than 1% each. Media, Metal & IT stocks drag the index, while Banks & Real Estate stocks trade in green
✦#IRBInfrastructureDevelopers rose more than 2% after the company announced that it has received LoA from #NHAI for a project worth Rs 2,132 crore in Gujarat
✦#SGXNifty is 12.5 points down & Asian markets are down, indicating a negative bias for Indian markets
✦#InoxGreenEnergy has acquired a majority stake of 51% equity shares in #IFoxWindtechnikIndia, an Independent O&M wind service provider
#India: Pre-Open
✦#NBCCIndia has received the job assignment of a PMC for complete planning, design, execution/ construction of buildings and its services and other works of existing buildings at MNNIT, Allahabad. The project is worth Rs 350 crore #StockMarket#nseindia#BSE
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#India: Pre-Open
✦#PVR has opened 11 screen multiplex in Lucknow, Uttar Pradesh. This will strengthen the company's foothold in Uttar Pradesh with 158 screens in 32 properties and consolidates the entity's presence in North India with 438 screens in 100 properties #NSE#BSE
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