Capital markets regulator Sebi on Tuesday relaxed the norms governing utilisation of interest or income earned from the Investor Protection Fund of depositories, allowing up to 5% of such income to be used for administrative and statutory expenses.
Shares of ideaForge Technology Ltd ended at ₹840.00, down by ₹14.45, or 1.69%, on the BSE.
From RCF board approving a fund raise up to ₹1,500 crore via FPO to Advait Energy Transitions securing a ₹51.62 crore turnkey contract, these are some stocks to track ahead of Wednesday trading session.
Foreign institutional investors remained net buyers for a third consecutive session on Tuesday, even as benchmark indices snapped a four-day winning streak. Domestic institutions turned sellers, while the rupee strengthened sharply against the US dollar.
Shares of EMS Ltd ended at ₹402.70, down by ₹16.10, or 3.84%, on the BSE.
The investment bank says improving geopolitical conditions and higher oil production could push crude prices lower, while gold and silver may remain under pressure in the near term.
Shares of Cochin Shipyard Ltd ended at ₹1,448.30, down by ₹56.45, or 3.75%, on the BSE.
Shares of UNO Minda Ltd ended at ₹1,127.30, down by ₹9.30, or 0.82%, on the BSE.
Index inclusion comes just 15 trading days after the company’s IPO, with funds tracking the benchmark expected to buy billions of dollars’ worth of shares.
The government-owned fertiliser company plans to raise up to ₹1,500 crore by selling more shares to investors and wants to expand into businesses such as renewable energy, water treatment and agrochemicals.