Market Bizzz

“Assuming if we cross above the 15700 mark and if we do that in a matter of a couple of trading sessions and assuming the index jumps significantly higher then there could be a stronger round of short covering. Metals, IT and even cement stocks are the highest pockets where we have seen high open interest build up on the short side,” said Bothra.

“We expect that the leadership of the market might shift going forward. Everything goes through a cycle and we believe that there is a possibility that this cyclical shift will lead to change in leadership with very different segments of the market performing better in the future as compared to the past,” said Rushabh Seth.

While filing the placement memorandum for LVF schemes with Sebi, a duly signed and stamped undertaking by CEO of the manager to the AIF (or person holding equivalent role or position depending on the legal structure of manager) and compliance officer of manager to the AIF need to be submitted in a prescribed format.

A total of 19,250 secured, rated and redeemable non-convertible debentures (NCDs) of Rs 50,000 each have been issued to AAV Sarl and Masala Investments Sarl, Satin said in a regulatory filing on Friday.

The order came after Sebi had investigated the scrip of Mindtree after it was intimated about contravention of prohibition of insider trading norms and the company’s code of conduct for prevention of insider trading by some of its designated persons/employees.

Gold prices have dropped about 0.9% this week. * The U.S. Federal Reserve’s commitment to reining in 40-year-high inflation is “unconditional,” its chair Jerome Powell told lawmakers on Thursday, even as he acknowledged that sharply higher interest rates may push up unemployment.

Major U.S. oil refiners and Energy Secretary Jennifer Granholm emerged from an emergency meeting over the issue with no concrete solutions to reduce prices, according to a source familiar with the discussions, but the two sides agreed to work together.

The court put a temporary stay on the CCI investigation and asked Sebi to provide its opinion on the matter. The case is likely to be heard in the first week of July. An email sent to Sebi remained unanswered.”While the court had asked for Sebi’s views, in the meantime the market regulator has initiated a probe into the matter,” said a person cited above. “Sebi has already asked the trustees to provide an extensive list of documents that explain how the pricing formula was arrived upon.”

Berkshire is the largest individual shareholder in Occidental. The company also owns options to buy 83.9 million Occidental shares, which if exercised, would bring its stake to over 25%.