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Adani Ports, Titan Company, HDFC, Power Grid Corp and ONGC were among the top Nifty losers. Axis Bank, Divi’s Labs, HUL, Dr Reddy#39;s Laboratories and ICICI Bank gained the most
A 13D filing on Tuesday showed that Musk had bought a 9.1 per cent stake in Twitter but a disclosure to the US Securities and Exchange Commission a day earlier had Musk owning 9.2 per cent. This lead to speculation that the Tesla CEO had reduced his stake.
GLOBAL-PRECIOUS/PRECIOUS-Gold edges lower as dollar gains on hawkish Fed minutes
The U.S. dollar index, which measures the greenback against six majors, touched its highest since May 2020 overnight at 99.778 and held nearby at 99.575 in early Asia trade. Commodity currencies retreated from recent highs as oil prices have dipped and the euro touched a one-month trough of $1.0874. It recovered to $1.0911 in morning trade.
On the BSE, over 150 stocks touched their 52-week high, including Tata Power, Welspun Corp, IDFC, Dwarikesh Sugar Industries and Bank of Baroda.
Asian shares opened lower on Wednesday, extending US falls as investors awaited minutes from a US Federal Reserve meeting for clues over future monetary policy. MSCI’s index of Asia-Pacific shares outside Japan was down by 1.30 per cent.
The biggest fear of analysts is whether the regulator will ask for a holding company structure given the number of large subsidiaries that are being transferred to the bank. “We don’t know what view the regulator takes on banks holding large stakes in insurance companies.
Mukesh Ambani, promoter of India’s most valued company Reliance Industries, is the richest Asian, followed closely by Gautam Adani, promoter of Adani Group, according to the latest billionaire list released by Forbes. Compared to Ambani’s total net worth at $90.
Among sectors, Nifty auto, FMCG and energy gained a percent each, while the Nifty Bank index fell 1 percent
Private equity firm Carlyle Group will sell its entire 3 per cent stake in SBI Card and Payment Services for about Rs 2,550 crore through a block trade.