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Market LIVE Updates: Indices trade lower with Nifty below 15,800; banks, FMCG under pressure – Moneycontrol

June 29, 2022 / 11:30 AM IST

Hikal large trade: 25.27 lakh shares (2.05%) equity worth Rs 63.2 crore change hands at Rs 250 per share

June 29, 2022 / 11:25 AM IST

SEBI finds NSE, Chitra Ramakrishna, 16 others guilty of collusion in NSE dark fibre case:

The Securities and Exchange Board of India (SEBI) on June 28 found 18 entities, including former National Stock Exchange chief executive officer Chitra Ramakrishna, NSE COO Anand Subramanian, and the NSE, guilty of collusion in the 2015 dark-fibre case.

The capital market regulator imposed a cumulative penalty of Rs 43.8 crore on the 18 entities, with the NSE alone slapped a Rs 7-crore fine. NSE’s Chief Business Development Officer Ravi Varanasi has been fined Rs 5 crore, while Ramakrishna has been handed a penalty of Rs 5 crore.

Subramanian, who along with Ramakrishna is the subject of a government probe over alleged wrongdoings during their time at the country’s largest stock exchange, has been fined Rs 5 crore.

June 29, 2022 / 11:20 AM IST

June 29, 2022 / 11:03 AM IST

Singapore panel rejects Future plea to terminate arbitration proceedings with Amazon:

Singapore International Arbitration Centre on June 28 dismissed Future’s plea seeking termination of arbitration proceedings between the group and American e-commerce major Amazon. The Kishore Biyani-led group had sought termination of arbitration on the grounds that the investment deal between its Future Coupons Pvt Ltd (FCPL) and Amazon no longer enjoyed the Competition Commission of India’s approval.

As per sources close to the development, SIAC rejected the plea for termination of arbitration noting that the CCI’s order does not render the proceedings unnecessary or impossible under the Indian law on arbitration and conciliation. The suspension of CCI’s approval will not invalidate the arbitration clause in the agreement, the tribunal noted further while rejecting the plea.

June 29, 2022 / 10:43 AM IST

Genus Paper commences commercial production of kraft paperGenus Paper & Boards has started commercial production of kraft papers, at its new unit in Uttar Pradesh. The Muzaffarnagar unit has manufacturing facilities for production of kraft paper (two lines) and duplex paper.

Genus Paper commences commercial production of kraft paper     Genus Paper & Boards has started commercial production of kraft papers, at its new unit in Uttar Pradesh. The Muzaffarnagar unit has manufacturing facilities for production of kraft paper (two lines) and duplex paper.

June 29, 2022 / 10:39 AM IST

BSE Information Technology index shed 0.5 percent dragged by the Brightcom Group, IndiaMART InterMESH, RateGain Travel Technologies

BSE Information Technology index shed 0.5 percent dragged by the Brightcom Group, IndiaMART InterMESH, RateGain Travel Technologies

June 29, 2022 / 10:34 AM IST

Hazoor Multi Projects receives work orderHazoor Multi Projects has received work order from Nagpur Mumbai Super Communication Expressway Ltd for execution of change of scope work in district Ahmednagar of package-11 on EPC mode for Rs 14.11 crore.

Hazoor Multi Projects receives work order     Hazoor Multi Projects has received work order from Nagpur Mumbai Super Communication Expressway Ltd for execution of change of scope work in district Ahmednagar of package-11 on EPC mode for Rs 14.11 crore.

June 29, 2022 / 10:30 AM IST

Route Mobile shares fall as board approves buyback

Route Mobile share price fell on June 29 after the board approved buyback of shares.

The Route Mobile board at its meeting on June 28 approved the buyback at a price up to Rs 1,700 per share and for an aggregate amount up to Rs 120 crore, as per a release.

The maximum number of shares bought back would be 705,882 which is 1.12% of the total number of paid-up shares of the company.

The maximum buyback size represents 9.95 and 7.31 percent of the total paid-up equity share capital and free reserves of the company, respectively.

June 29, 2022 / 10:25 AM IST

Gold Prices Today: Yellow metal to find support from weak rupee; aggressive US Fed to cap upside gains

Gold Prices Today: Yellow metal to find support from weak rupee; aggressive US Fed to cap upside gains

Tapan Patel, Senior Analyst (Commodities) at HDFC Securities, expects gold prices to trade sideways to down for the day with COMEX spot gold support at $1810 and resistance at $1840 per ounce. MCX…

June 29, 2022 / 10:17 AM IST

CARE Ratings has removed the long-term ratings assigned to the debt instruments of BPCL from ‘Credit Watch with Developing Implications’ and assigned a ‘Stable long term rating.

CARE Ratings has removed the long-term ratings assigned to the debt instruments of BPCL from 'Credit Watch with Developing Implications' and assigned a 'Stable long term rating.

June 29, 2022 / 10:06 AM IST

Hindalco to invest Rs 71.5 lakh in Cleanwin Energy SIX LLPHindalco Industries has, pursuant to approval granted by board of directors at their meeting held on May 26, 2022, consented to make investment in the equity share capital of M/s Cleanwin Energy SIX LLP.The company is going to acquire 26% of equity share capital of M/s Cleanwin Energy SIX LLP at Rs 71,50,000.

Hindalco to invest Rs 71.5 lakh in Cleanwin Energy SIX LLP     Hindalco Industries has, pursuant to approval granted by board of directors at their meeting held on May 26, 2022, consented to make investment in the equity share capital of M/s Cleanwin Energy SIX LLP.    The company is going to acquire 26% of equity share capital of M/s Cleanwin Energy SIX LLP at Rs 71,50,000.

June 29, 2022 / 10:02 AM IST

Market at 10 AMBenchmark indices erased some of the early losses but still trading lower with Nifty around 15750.The Sensex was down 337.31 points or 0.63% at 52840.14, and the Nifty was down 99.20 points or 0.63% at 15751. About 1253 shares have advanced, 1417 shares declined, and 126 shares are unchanged.

Market at 10 AM     Benchmark indices erased some of the early losses but still trading lower with Nifty around 15750.    The Sensex was down 337.31 points or 0.63% at 52840.14, and the Nifty was down 99.20 points or 0.63% at 15751. About 1253 shares have advanced, 1417 shares declined, and 126 shares are unchanged.