Vedanta has moved the Supreme Court, seeking a stay on the resolution plan submitted by the Adani Group for assets of now insolvent Jaypee Group, people with direct knowledge of the matter told a source.The move comes after the National Company Law Appellant Tribunal (NCLAT) refused to stay the resolution plan last week. Vedanta is expected to argue its resolution plan had better value than Adani ...

The benchmark indices remained under pressure for another session, falling nearly 1 percent on March 12 following a rise in oil prices amid Strait of Hormuz tensions. The market breadth was favourable for bears as about 1,920 shares declined against 1,034 rising shares on the NSE. The market is expected to continue to face risk-off sentiment amid geopolitical tensions. Below are some short-term tr...

The Indian rupee rose nearly 20 paisa on February 23, as the dollar dipped overnight, as the United States Supreme Court struck down President Donald Trump’s tariffs, although market participants continued to keep an eye on further developments on the trade deal announced by both countries.The local currency was trading at Rs 90.76 to the dollar, as compared to 90.9825 on Friday.Late on Friday, ...

Equity benchmarks bounced back sharply, rising over 1 percent on February 2 after a day of bloodbath. However, market breadth remained negative, with about 1,597 shares declining against 1,312 advancing on the NSE. The market is expected to return to strong momentum, especially after the United States reduced tariffs on Indian goods to 18 percent from 50 percent. Below are some short-term trading ...

The benchmark indices closed lower after a day of rally, with the Nifty 50 falling 0.4 percent amid geopolitical tensions on June 17. Market breadth was weak, as about 1,761 shares saw selling pressure compared to 828 advancing shares on the NSE. Market consolidation is expected to continue with the focus now shifting to the outcome of the US Federal Reserve meeting. Below are some short-term trad...