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NCLT has approved the merger of Adani Power Maharashtra, Adani Power Rajasthan, Udupi Power Corporation, Raipur Energen, Raigarh Energy Generation and Adani Power (Mundra) with Adani Power.
Source: Exchange filing
The broader market indices mirrored the larger peers; S&P BSE MidCap was down 0.03%, whereas S&P BSE SmallCap was higher by 0.1%.
Fifteen out of the 20 sectors compiled by BSE declined, while the only five advanced in trade.
The market breadth was tied between the bears and bulls. About 1,611 rose, 1,686 declined and 149 remained unchanged on the BSE.
Globus Spirits Ltd. has informed in an exchange filing that the Income Tax Department had conducted a search and seizure operation at the company's head office at New Delhi, from Jan. 30 to Feb. 3 under Section 132 of the Income Tax Act, 1961.
Company said that it has extended full cooperation to the authorities and there was no disruptions in the business and operations were unaffected.
Source: Exchange filing
Industry posts total net inflow of Rs 11,373.21 crore versus an inflow of Rs 4,491.5 crore in December.
Equity mutual funds see inflow of Rs 12,546.5 crore in January vs inflow of Rs 7,303.4 cr in December.
Debt mutual funds see outflow of Rs 10,316.15 crore in January vs outflow of Rs 21,946.7 crore in December.
Hybrid mutual funds see inflow of Rs 4,491.97 crore in January vs inflow of Rs 2,255.2 crore in December.
Average AUM: Rs 40.80 lakh crore vs Rs 40.76 lakh crore in December.
Net AUM: Rs 39.62 lakh crore vs Rs 39.88 lakh crore in December.
SIP contribution grows to Rs 13,856.18 crore in January vs Rs 13,573.08 crore in December.
Number of SIP accounts reach 6.21 crore compared to 6.12 crore in December.
Source: AMFI
The brokerage downgraded the rating to 'neutral' from 'buy' and cut the target price to Rs 635 from Rs 838. This implies a potential upside of 1.6%.
Concor shares were trading 0.20% higher compared to a flat Nifty 50 as of 11:23 a.m. The relative strength index stood at 28, indicating that the stock may be oversold.
Of the 30 analysts tracking the stock, 16 maintained 'buy', nine suggested 'hold', while five analysts recommended 'sell'. The return potential of the stock is 21.3%, according to Bloomberg data.
Source: Bloomberg, Brokerage note
The local currency weakens by 11 paise against the greenback on Thursday to 82.60 at open. It closed 82.49 on Wednesday.
Source: Bloomberg
The yield on the 10-year bond opened flat at 7.34% on Thursday.
Source: Bloomberg
Angel One has received an in-principle nod from SEBI for sponsoring a mutual fund.
The company will be setting up an asset management company and a trustee company.
Source: Exchange filing
MSCI has determined that certain investors should no longer be designated as free float, which triggered a review of the Adani Group securities.
MSCI defines the free float of security as the proportion of shares outstanding for purchase by international investors.
February Index Review of MSCI will suspend any potential changes to the number of shares for the affected securities.
All the affected securities will also be reviewed under 'Full Country Float Review' during the May 2023 Index Review.
Source: MSCI Statement
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