Japan’s Nikkei slumps to weekly loss despite softer yen
Japan’s Nikkei share average fell on Friday and logged its worst week in more than a month despite the tailwind from a weaker yen, as the decline on Wall Street and caution after major central bank policy decisions weighed. The Nikkei closed 0.29% lower at 38,701.90, bringing it to a weekly decline of 1.66%, its…
READ MORE
True North, two others to sell stakes worth Rs 1,267 crore in Home First Finance: Report
Home First Finance is expected to see a block deal on Monday worth Rs 1,267 crore where 14.7% stake is likely to be on offer. The sellers are likely to be promoter entities True North Fund V LLP (Warburg Pincus) and Aether (Mauritius) Limited along with a non-promoter Orange Clove Investments B.V., a CNBC TV18…
READ MORE
Nifty begins December series at higher open interest base, suggests F&O rollover data. What does this indicate?
Nifty futures will start the December series at higher open interest (OI) base with futures rollovers standing at 79% as against 76% averaged over the last three series, Nuvama said in a note. It expects Nifty to trade in a broad range of 23,450 to 25,000 with heightened volatility at play. At Rs 30,800 crore…
READ MORE
Anil Ambani reviewing Sebi order, to take appropriate steps: Statement
Businessman Anil Ambani is reviewing a Sebi order imposing a fine and banning him from capital markets for five years in an alleged fund diversion case and will take appropriate next steps as legally advised, his spokesperson said in a statement on Sunday. Ambani, the spokesperson in a statement said, had resigned from the board…
READ MORE