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NSE s buying spree continues with investment in machine learning start-up

NSE’s buying spree continues with investment in machine learning start-up SECTIONS Last Updated: Mar 17, 2021, 05:06 PM IST Share Synopsis The investment by the country’s largest stock exchange has been done through its subsidiary NSE Data & Analytics. Agencies Capital Quants Solutions is a technology start-up that provides software products using machine learning and natural language proficiency to analyse structured information from complex financial documents. Related NSE Explore Now MUMBAI: The National Stock Exchange, which recently acquired financial data provider Cogencis Information Services and TalentSprint, today announced investment in a machine learning start-up Capital Quant Solutions. The investment by the country’s largest stock exchange has been done through its subsidiary NSE Data & Analytics.

IEX hits record high; rises 11% in two days

Indian Energy Exchange (IEX) jumped 8.43% to Rs 334.50, rising for the second trading session.Shares of IEX surged 11% in two trading days from its previous closing low of Rs 301.25 on 9 March 2021. The counter hit a record high of Rs 349 in intraday today. The stock is up 200% from its 52-week low of Rs 111.05 posted on 23 March 2020. On the BSE, 4.89 lakh shares were traded in the counter so far compared with average daily volumes of 2.11 lakh shares in the past two weeks. The counter saw demand after the company on Wednesday announced a strategic divestment of 26% of its equity holding in Indian Gas Exchange (IGX) to National Stock Exchange of India and additional 5% equity holding to ONGC. Under the agreement, NSE will purchase 1,92,07,500 equity shares having a face value of Rs 10 each representing 26% stake of IGX from IEX for Rs 19.20 crore. Further, ONGC will purchase 36,93,750 equity shares representing 5% stake in IGX from IEX for Rs 3.69 crore.

IEX soars 13%, hits new high on pact with NSE & ONGC to build gas markets

Shares of Indian Energy Exchange (IEX), on Friday, advanced 13 per cent to hit a new high of Rs 347.80 on the BSE in intra-day trade after the company entered into strategic partnership with the National Stock Exchange (NSE) of India and Oil and Natural Gas Corporation (ONGC) to build gas markets. The stock surpassed its previous high of Rs 322.85, touched on February 11, 2021. In the past three months, it rallied 60 per cent, against 12 per cent rise in the S&P BSE Sensex. On Wednesday, IEX announced strategic divestment of 26 per cent of its equity holding in the Indian Gas Exchange (IGX) to the NSE and additional 5 per cent equity holding to ONGC.

Nifty, Sensex reverses gains as the US premarket futures fall – Weekly closing report

Nifty, Sensex reverses gains as the US premarket futures fall – Weekly closing report Moneylife Digital Team  0 We had mentioned in last week’s closing report that Nifty, Sensex will follow global cues on tech stocks. The major indices rallied this week but faced a correction on Friday ending the week with minor gains over previous Friday’s close.       On Monday, the indices opened higher but lost all gains and ended flat. On the NSE, there were 1,175 advances, 728 declines and 85 unchanged.   Muthoot Group Chairman MG George Muthoot was admitted to a hospital after falling from the fourth floor of his house in Delhi and was later declared dead.

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