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What changed for the market while you were sleeping? Top 10 things to know

What changed for the market while you were sleeping? Top 10 things to know
Sandip Das
© Sandip Das
What changed for the market while you were sleeping? Top 10 things to know
The Indian stock market is expected to open in the green as trends on SGX Nifty indicate a positive opening for the index in India with a 62 points gain.
The BSE Sensex declined 80.74 points to 48,093.32 on January 7 while the Nifty50 fell 8.90 points to 14,137.40. According to pivot charts, the key support levels for the Nifty are placed at 14,088.2, followed by 14,039.1. If the index moves up, the key resistance levels to watch out for are 14,221.3 and 14,305.3. ....

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RBI Cancels Certificate Of Registration Of Three NBFCs; Six Other Firms Surrender Licences

RBI cancels certificate of registration of three NBFCs; six other firms surrender licences
NBFCs are companies which raise money from banks or the market and lend to their borrowers at a higher rate.
January 07, 2021 / 06:17 PM IST
While the CoS was functioning in a limited way in virtual mode since May 2020, it is now being fully operationalised.
The Reserve Bank of India (RBI) on January 7 cancelled the certificate of registration of three non-banking finance companies (NBFCs). These are Uttar Pradesh-based Abhinav Hire Purchase Limited, Gurgaon-based Jupiter Management Services Private Limited and Assam-based N.E Leasing and Finance Pvt Ltd.
“As such, the above companies shall not transact the business of a Non-Banking Financial Institution, as defined in clause (a) of Section 45-I of the RBI Act, 1934,” the RBI said. ....

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