The Securities and Exchange Board of India (SEBI) has accused members of the Adani Group of insider trading in connection with the open offer to acquire additional shares of NDTV, according to a regulatory document reviewed by The Economic Times.
Oil prices climbed sharply on Wednesday after U.S. President Donald Trump ordered a total and complete blockade of all sanctioned oil tankers entering and leaving Venezuela, a move that added fresh geopolitical risk to global energy markets already grappling with weak demand.
Gold prices rose on Wednesday after U.S. labour market data showed that the unemployment rate climbed in November, reinforcing expectations that the Federal Reserve may cut interest rates in the future and weakening the U.S. dollar.
The U.S. dollar hovered near its lowest level in about two and a half months after recently released labour market data showed the U.S. jobs market was softer than expected, leaving investors unsure about the Federal Reserve’s next interest rate move.
Asian shares dipped early Wednesday, mirroring Wall Street’s decline as softer-than-expected U.S. jobs data failed to strengthen expectations for near-term interest-rate cuts by the Federal Reserve. The weak employment figures prompted caution among investors, reducing optimism about imminent monetary easing.
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Trading activity on the National Stock Exchange of India (NSE) has slumped to its lowest level in nearly two years, reflecting subdued investor participation in Indian equities. Market turnover — a key measure of how actively stocks are being bought and sold — has weakened as many traders and investors take a cautious stance amid concerns about future returns.
NIFTY OUTLOOK: 25860.10 FII -2381.92 cr DII 1077.48 cr
As discussed yesterday, market behavior remained on the expected lines during the day, as aggravated selling pressure dragged the Nifty down to our support of 25830 (day’s low of 25834.35) after a decisive breakdown of 25977, with the day’s high at 25980.75.
FIIs sold Rs.992 cr in Bank Nifty and Rs.668.47 cr in Nifty futures.
1. FIIs net long position is at 9.05%
2. VIX is at 10.06 (-1.85%)
3. PCR is at 0.67
4. FIIs sold Rs.2381 cr in the cash segment and Rs.1767 cr in index futures
DIIs bought Rs.1077 cr in the cash segment
5. Open interest position
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