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Stocks in news: Kotak Mahindra Bank: CCI approves acquisition of 70% stake in Kotak Mah General Insurance by Zurich Insurance Company Max Fin: IRDAI approves capital infusion of Rs 1,612 cr by Axis Bank, subject to approval from CCI Data Infrastructure: Axis Bank sold Rs 932.9 cr worth equity stake in the coAnahere Investment bought 6.06 cr shares at an average price of Rs
A long build-up was seen in 65 stocks, which included Alkem Laboratories, Steel Authority of India, Oracle Financial Solutions Software, Chambal Fertilisers & Chemicals, and Bosch.
The Indian benchmark indices closed lower, mirroring global sentiments influenced by the delay in optimism about a US rate cut. Foreign Institutional Investors (FIIs) are shedding positions as yields on US benchmark bonds rise, adding to market uncertainty.
On Tuesday, 886 stocks advanced, 3049 declined and 132 remained unchanged, with an advance decline ratio of 0.29 on the Bombay Stock Exchange (BSE), indicating strong negative closing of stocks in broader markets. It was a market wide fall as around 790 stock were down more than 3%.
The Bombay High Court has passed an ex-parte interim injunction against known and unknown entities allegedly operating fake websites that purport to provide PAN card services on behalf of government...