Facing existential threat, crypto backers seek identity change and regulation

Experts and commentators at the ETMarkets Conclave today pleaded with the government to see the positive side of technological innovation and said that they will welcome any regulations instead of a blanket ban….

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Ahead of Market: 12 things that will decide stock action on Thursday

Chandan Taparia, Technical & Derivative Analyst at MOFSL said, “Now Nifty has to hold above 14,900 level to extend its move towards 15,150 and then 15,250 levels, while on the downside, immediate support exists at 14,850 and 14,700 levels.”…

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IRDAI approves Axis-Max Life deal

As per the proposed transaction, Axis Entities have the right to acquire up to 19% stake in Max Life, of which, Axis Bank proposes to acquire up to 9%, and Axis Capital Limited and Axis Securities Limited together propose to acquire up to 3% of the share capital of Max Life in the first leg of the transaction….

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NSE tech glitch: How analysts reacted to the trading halt

The biggest question in this whole issue is why was the entire market shut just because index feeds were not refreshing?…

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Fino Payments Bank says inclusion in commercial bank list to boost biz

Fino Payments Bank on Wednesday said it will be able to improve its business prospects further as the RBI has included it in the category of a scheduled commercial bank. The Reserve Bank on Tuesday said it has included Fino Payments Bank in the Second Schedule of the Reserve Bank of India Act, 1934. The scheduled commercial bank, also called scheduled bank, status allows Fino to enhance its banking position in the treasury and participation in liquidity adjustment facility (LAF) window as per the RBI. It also helps the bank strengthen its business proposition on liabilities generation, Fino said in a release. “It provides strategic impetus for Fino Payments Bank to enhance its scope on balance sheet management and explore additional avenues for business. We are keen to capitalise on the growth opportunities that exist within the regulatory guidelines and build on the momentum of consistent profitability achieved last fiscal,” said Rishi Gupta, MD & CEO, Fino Payments Bank. The … …

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Investor wealth zooms Rs 2.6-trn as markets witness heavy buying

Investors became richer by over Rs 2.60-lakh crore on Wednesday as equity markets witnessed sharp gains in extended trading sessions …

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Indian corporate bond market can double to Rs 65-70 lakh cr by March 2025: Crisil

The financial sector will contribute around 50 per cent of the incremental supply, followed by innovation (close to 25 per cent) and infrastructure (about 20 per cent), the agency said….

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Fino Payments Bank says inclusion in commercial bank list to boost business prospects

The scheduled commercial bank, also called scheduled bank, status allows Fino to enhance its banking position in the treasury and participation in liquidity adjustment facility (LAF) window as per the RBI. It also helps the bank strengthen its business proposition on liabilities generation, Fino said in a release….

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Tata Consumer Products shares shed gains after hitting 52-week high

Shares of Tata Consumer Products pared most of intra-day gains to settle marginally higher on Wednesday …

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Nasdaq falls as tech stocks resume decline

The Nasdaq Composite dropped 100.9 points, or 0.75%, to 13,364.66 at the opening bell, falling for six out of the last seven sessions….

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Market Movers: Banks soar on short squeeze; 64 stocks blink buy

In the broader market, the gains were milder as Nifty Midcap 100 and Nifty Smallcap 100 ended 1 per cent and 0.9 per cent higher, respectively….

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Tech View: Nifty signals trend reversal; follow-up buying to decide trend

Analysts are positive, but believe the ongoing momentum can turn sideways if the index fails to reclaim the 15,000 level soon….

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‘This is not done.’ Fear & loathing after tech glitch shut down NSE

“This is not done. I had sold positions in the market, how will I cover them now… who is going to pay my margins,” the broker-trader lamented….

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Bankers fear spike in NPAs from Mudra loans

Bankers say that the Supreme Court moratorium over classifying loans as non performing assets (NPAs) has so far kept defaults under wraps, even as recovery efforts are ongoing. But they fear that as much as 25% loans under the scheme could turn bad….

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Day trading guide: 2 stocks recommendations for Thursday

If bulls manage to take the Nifty50 index beyond 15,000 levels in tomorrow’s expiry session, the rally could extend to levels of 15200. …

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Market Wrap, Feb 24: Here’s all that happened in the markets today

BSE Sensex zoomed to day’s high during the fag-end of the session, soaring 1,130 points. The index, however, ended 1,030 points, or 2 per cent, higher at 50,782 levels …

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Improvement in macroeconomic conditions to alleviate banking sector stress: S&P

“While the Indian economy is on a mend, the permanent GDP loss stemming from the brunt of the coronavirus is huge at 10 per cent. We estimate the banking system’s weak loans are at 12 per cent of gross loans,” S&P said. An improvement in India’s macroeconomic conditions is likely to alleviate stress for the country’s banking sector, said S&P….

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Lessons from NSE glitch: Lack of communication and empathy for investors

Within a 15-minute time period, a lot of intraday leverage is going out and people will make huge losses today, points out the market expert…

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Tech glitch at NSE: Sebi directs bourse to do root-cause analysis

“Sebi was in constant touch with the NSE officials and continued to monitor the situation closely. NSE was also advised to keep the market participants updated with the evolving developments,” Sebi said in a media statement….

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Bidders for state banks should have deep pockets: RBI Governor

The finance minister had announced earlier this month that the government would privatize two of the 12 state banks in the country without naming the lenders….

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Expect Nifty to give high teen returns for next 8-10 years: Rakesh Jhunjhunwala

It is not easy to build knowledge industries. I am bullish on both IT and pharma, says the ace investor….

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Gold holds tight range on investor caution over Powell remarks

Rising yields tend to hurt bullion’s appeal as an inflation hedge since they increase the opportunity cost of holding the metal …

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Short covering fuels rally? Sensex bounces 1,100 points

Many analysts speculated the rally could be due to short-covering ahead of F&O expiry….

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