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Jan 20 Sebi has returned the draft IPO documents of Anand Rathi Group's brokerage arm Anand Rathi Share and Stock Brokers, which proposed to raise Rs 745 crore through an initial share-sale, an update with the regulator showed on Monday.
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Om Mehra, SAMCO Securities, notes that Nifty's daily chart shows a bullish hammer pattern, hinting at a trend reversal. After consolidating around 23,15023,200, the index seems poised for an upward move. Positive RSI divergence and a narrowing MACD histogram indicate reduced bearish pressure, supporting potential consolidation or a minor pullback before further gains.
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Gold prices remained flat at Rs 82,000 per 10 grams in the national capital on Monday, according to the All India Sarafa Association. Traders waited for US President-elect Donald Trump's inaugural address later on Monday before placing any directional bets, marketmen said.
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Tech firm Newgen Software Technologies on Monday posted a 30.8 per cent year-on-year increase in consolidated net profit to Rs 89 crore for the December quarter.
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Hindenburg Research denied being under SEC investigation and dismissed claims of founder Nate Anderson's connection to hedge funds for preparing reports. Allegations surface from Canadian court documents linking Hindenburg to Anson Funds, with suggestions of securities fraud and lack of editorial control over bearish reports.
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