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India Gazette
02-07-2025
- Business
- India Gazette
Chhattisgarh govt employees permitted to invest in shares, mutual funds; intra-day trading to remain prohibited
Raipur (Chhattisgarh) [India], July 2 (ANI): Chhattisgarh Government has notified an amendment to the Chhattisgarh Civil Services (Conduct) Rules, 1965, permitting state government employees to invest in shares, securities, debentures, and mutual funds, in line with the provisions applicable to Central Government employees. The General Administration Department has notified the new amendment to the Chhattisgarh Civil Services (Conduct) Rules, 1965, which has been implemented by introducing a new sub-clause under Rule 19, with the objective of ensuring transparency in financial transactions. However, the notification clearly stipulates that intraday trading, BTST (Buy Today Sell Tomorrow), Futures and Options (F&O), and investment activities in cryptocurrencies shall remain prohibited. Earlier today, the Nifty ended 88 points lower, while the Sensex closed 288 points lower. Among sectors, the Metal index outperformed, rallying 1.41 per cent, whereas the Realty index lost the most, shedding 1.44 per cent. India's strong domestic fundamentals, a responsive RBI, and good monsoon conditions have been supporting the financial markets. US markets are hitting all-time highs, and the US dollar is weakening; as a result, emerging markets like India are benefiting. A comfortable inflation number in India also somewhat supported the domestic equity indices recently. (ANI)
Mint
21-04-2025
- Business
- Mint
Birlasoft share price rises over 4% after exit from NSE F&O ban list; expert sees more upside
Birlasoft share price rose by more than 4% following its removal from the Futures and Options (F&O) ban list. The stock had been listed on the NSE's F&O ban list on April 17. According to the National Stock Exchange, the derivative contracts for this stock exceeded 95 percent of the market-wide position limit, which resulted in its inclusion in the stock exchange's ban period. During the ban period, no new positions are permitted when stock exchanges put F&O contracts of a specific stock on hold. The NSE revises the list of securities subject to the F&O ban for trading on a daily basis. According to Axis Securities, Birlasoft displays the lowest rankings in implied volatility, with current levels at 45%. This reduction in volatility suggests that their options are relatively more appealing, offering a favourable opportunity for investors aiming to take long positions. Birlasoft offers software development and worldwide IT consulting services to its clients, mainly in the sectors of Banking, Financial Services, and Insurance, Life Sciences and Services, Energy Resources and Utilities, and Manufacturing, which primarily encompasses Discrete Manufacturing, Hi-Tech & Media, Automotive, and Consumer Packaged Goods. Birlasoft share price today opened at an intraday low of ₹ 371.15 apiece on the BSE, the stock touched an intraday high of ₹ 389.60 per share. Anshul Jain, Head of Research at Lakshmishree Investment and Securities, stated that Birlasoft share price corrected 61% in 62 weeks and has reversed with a bullish Marubozu candle on the weekly chart, signaling strong buying interest. The stock has reclaimed the 10 and 20-day EMAs on the daily chart, showing momentum shift. The logical pit stop for this rally is the 50-day EMA placed at 423. A sustained move above that level can open the gates for further upside. The trend suggests that bulls are gradually taking control. As per the trendlyne data, Birlasoft share price fell 42.97% and underperformed its sector by 45.03% in the past year. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions. First Published: 21 Apr 2025, 03:02 PM IST
