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Market Live Updates: Nifty above 18,000 for 1st time since April, Sensex up 450 pts; RIL, HDFC Bank top… – Moneycontrol

September 13, 2022 / 01:14 PM IST

September 13, 2022 / 01:11 PM IST

European Markets Update

September 13, 2022 / 01:05 PM IST

Sunil Damania, Chief Investment Officer MarketsMojo

Nifty has touched 18,000 because the undercurrent in the market is robust. India, for the first time, witnessed 10 crore demat accounts, and we are also seeing how FIIs have come back strongly. Even the volume in the market has improved significantly.

The moot question that comes to mind is, are we done with this rally? The answer is a firm No. We are confident the market will continue to do well as levers for growth continue. India’s PLI scheme, China plus one strategy, India as among the fastest growing economies in the world and inflation continuing to remain soft are all indicators that the market should do well. Therefore, we believe that 18k is just a number and that Indian indices will continue to rise even further.

September 13, 2022 / 12:59 PM IST

Nifty Metal gains 1.14 percent led by Vedanta, Hindalco, JSW Steel

Nifty   Metal gains 1.14 percent led by Vedanta, Hindalco, JSW Steel

September 13, 2022 / 12:40 PM IST

September 13, 2022 / 12:22 PM IST

Adani Transmission incorporates wholly owned subsidiary Adani Electricity Jewar for power distribution and infra services

Adani Transmission incorporates wholly owned subsidiary Adani Electricity Jewar for power distribution and infra services

September 13, 2022 / 12:16 PM IST

Zydus Lifesciences receives final approval from the USFDA for Lenalidomide capsules, used to treat various types of cancers

Zydus Lifesciences receives final approval from the USFDA for Lenalidomide capsules, used to treat various types of cancers

September 13, 2022 / 12:13 PM IST

Gold prices are currently trading in the range of $1720-1740, and are expected to break the $1700 in the short term. This is a crucial support level for the yellow metal. The probability of gold testing the level of $1680-1630 level is high, indicating further pressure on the precious metal. 

The very hawkish stance of the US Fed is adding fuel to fire, as the Fed has already reaffirmed its commitment to achieving its inflation target of 2 percent, and not to rest until the goal is reached. The end result is that rather than inflation and uncertainties which could have given Gold an edge, the inflation-fighting has assumed greater importance: Emkay Wealth Management

September 13, 2022 / 12:09 PM IST

All sectoral indices trading in the green, barring S&P BSE Oil and Gas

All sectoral indices trading in the green, barring S&P BSE Oil and Gas

September 13, 2022 / 12:05 PM IST

Vedanta-Foxconn semiconductor plant will be set up in Gujarat; stock up ~3 percentAnil Agarwal, Chairman, Vedanta Resources tweets “History gets made! Happy to announce that the new Vedanta-Foxconn semiconductor plant will be set up in Gujarat. Vedanta’s landmark investment of Rs 1.54 lakh crore will help make India’s Aatmanirbhar Silicon Valley a reality”

Vedanta-Foxconn semiconductor plant will be set up in Gujarat; stock up ~3 percent     Anil Agarwal, Chairman, Vedanta Resources tweets "History gets made! Happy to announce that the new Vedanta-Foxconn semiconductor plant will be set up in Gujarat. Vedanta’s landmark investment of Rs 1.54 lakh crore will help make India's Aatmanirbhar Silicon Valley a reality"

September 13, 2022 / 12:01 PM IST

Bharti Airtel up 2 percent at day’s high; among top gainers on Nifty and Sensex

Bharti Airtel up 2 percent at day's high; among top gainers on Nifty and Sensex

September 13, 2022 / 11:55 AM IST

At SEBI, we are committed to surrendering all dogma’At the 19th edition of FICCI’s Annual Capital Markets Conference, SEBI Chairperson Madhabi Puri Buch said “At SEBI, we are committed to surrendering all dogma. In today’s context, some regulations may be completely inappropriate. Going forward, for us, what is important is first principles and data. We invite data.””We will eschew dogma and we will embrace data. We wish you to start from first principles supported by data. We will not even sneeze without first consulting our advisory committee,” she added.Technology is the magic bullet. Insider trading, front running, information asymmetry are our market’s smallpox and polio, we need to get rid of them, she said.

' At SEBI, we are committed to surrendering all dogma'     At the 19th edition of FICCI’s Annual Capital Markets Conference, SEBI Chairperson Madhabi Puri Buch said "At SEBI, we are committed to surrendering all dogma. In today's context, some regulations may be completely inappropriate. Going forward, for us, what is important is first principles and data. We invite data."    "We will eschew dogma and we will embrace data. We wish you to start from first principles supported by data. We will not even sneeze without first consulting our advisory committee," she added.    Technology is the magic bullet. Insider trading, front running, information asymmetry are our market's smallpox and polio, we need to get rid of them, she said.