Page 48 - Ortfolio Allocation News Today

Yesterday we mentioned that Nifty, Sensex may bounce back. On Thursday, 2574 stocks advanced, 1267 declined and 100 remained unchanged, with an advance decline ratio of 2.03 on the Bombay Stock Exchange (BSE), indicating positive closing of stocks in broader markets.

Venezuela has agreed to give oil to ONGC Videsh to help the Indian public sector company recover its $600 million dues as dividend for the stake that it holds in an oilfield in the Latin American country, Petroleum Secretary Pankaj Jain said on Wednesday.

The Competition Commission of India (CCI) has approved the proposed acquisition of 100 per cent shareholding of GVK Power (Goindwal Sahib) Limited by Punjab State Power Corporation Ltd.

The Reserve Bank of India (RBI) on Tuesday came out with draft norms on declaration of dividend by banks and remittance of profits to head office by foreign bank branches in India.

The Supreme Court on Wednesday refused to form any SIT or group of experts to conduct an investigation into the Adani-Hindenburg controversy saying that the media and third party reports were not conclusive proof.

While setting aside orders passed by fora below, the national consumer disputes redressal commission (NCDRC) directed HDFC Bank Ltd to refund Rs24,000 with an interest of 7%pa (per annum) and pay Rs10,000 litigation cost to a customer whose credit card was used for fraudulent transactions at midnight.

The IPO pipeline for 2024 continues to remain strong. 27 companies proposing to raise Rs 28,500 crore are presently holding SEBI approval while another 36 companies looking to raise about Rs 40,500 crore are awaiting SEBI approval, as per Prime Database.

A response to a Right to Information (RTI) application has revealed that only Rs228.77 crore has been paid out against claims of Rs82,695.51 crore made by depositors of Sahara group’s four cooperative societies, through the Central Registrar of Cooperative Societies (CRCS) online portal to date.

We had mentioned in our report yesterday that Nifty and Sensex were under pressure. On Wednesday, 2194 stocks advanced, 1643 declined and 108 remained unchanged, with an advance decline ratio of 1.33 on the Bombay Stock Exchange (BSE), indicating positive closing of stocks in broader markets.

The Supreme Court on Wednesday said that all High Courts across the country should consider framing rules to regulate the appearance of government officials in courts after taking into account the SOP (Standard Operating Procedure) laid down by the apex court.