Sensex Falls Below 32000, Nifty Trades Lower, Private Banks Stocks Fall

Gold Silver Reports – Sensex Falls Below 32000, Nifty Trades Lower, Private Banks Stocks Fall – The BSE benchmark fell by over 200 points, pulling back from its record highs, on heavy profit booking in banking, FMCG, oil and gas, pharma and capital goods stocks after a recent rally. Offloading of positions by participants with Thursday being the last trading session of October series contracts in the derivatives segment pulled the index back from record levels, a broker said.

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SEBI Questions Fundraising on LinkedIn

Gold Silver Reports — The Securities and Exchange Board of India (Sebi) has written to LinkedIn Corp. asking if its social networking service provides a platform for people or start-ups to raise money publicly in violation of the Companies Act, according to two people aware of the development. LinkedIn has said it is not involved in any activities related to securities markets.

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FIIs go slow on Indian equities in July

Gold Silver Reports — Foreign institutional investors (FIIs) pumped around $388 million into Indian shares in July, the lowest since April, staying on the sidelines for signs of recovery in corporate earnings amid concerns over stretched valuations.   

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