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Vedanta shares rose on Wednesday after falling sharply in Tuesday's session Shares of Vedanta Ltd surged nearly 2% to ₹275 apiece on the BSE in Wednesday's opening deals after billionaire Anil Agarwal's Vedanta Resources Ltd on Tuesday said it has enough means to meet debt repayment liabilities in the coming quarters as it looked to assuage investor concerns around its financial position. The company added that it prepaid all of its maturities due till March 2023.   "Vedanta Resources Limited has pre-paid all of its maturities due till March 2023 and has deleveraged by USD 2 billion in the past 11 months. Thus, it has achieved half of its USD 4 billion 3-year debt reduction commitment in the first year, ahead of its plans for this fiscal," it said in a statement. The stock had fallen about 14% in the previous session after the road block in its acquisition of state-owned Hindustan Zinc and sharp rise in US dollar that led to depreciation of Vedanta bond yield. Ear

Share Market LIVE Updates: Benchmark indices are trading in the red amidst volatility as Sensex goes below 59,000 and Nifty at around 17,300. . Adani Enterprises and Adani Ports shine, while Cipla and Hindalco lag. Most indices are trading in red except Media and Consumer Durable. Metal, IT, Energy, and Pharma tank the most. The government will release India’s GDP data for the October-December 2022 quarter (Q3FY23) today. The GDP growth rate moderated to 6.3% in the preceding quarter after a double-digit expansion in the Q1 of the current financial year.   MRF raises ₹150 crore, NCDs listed on NSE debt segment Tyre manufacturer MRF on Tuesday announced that the company has raised ₹150 crore through non-convertible debentures (NCDs) on a private placement basis. The said NCDs of the company have been listed on the debt segment of National Stock Exchange with effective from 27 February 2023. The company said that it has issued 15,000 listed, unsecured, rated, redeemable, taxable, non-co

Gold price today has immediate support placed at $1,785 to $1,780 per ounce levels in international spot market Gold rate today: On account of strong U?S dollar and hawkish US Federal Reserve on rising US inflation concerns, gold prices continue to remain under sell off pressure and hover around 2-month lows. Gold price today opened lower in domestic market at ₹55,397 per 10 gm and went on to hit further lower levels in early morning session. The yellow metal price corrected in international spot market as well and made intraday low of $1,806.78 per ounce in morning deals on Monday session. However, US dollar rates continued to remain strong on US Fed interest rate hike speculations. After witnessing some profit booking in early morning session, Dollar Index regained its lost ground and added 0.03 per cent and hit 105.190 levels.   According to bullion market experts, gold rates today is under pressure due to stock US economic data, which has stoked inflation fear among the US Fed off