SEBI may tighten norms for broker partners to curb unauthorised trades, misselling
The Securities and Exchange Board of India (SEBI) has raised concerns on the proliferation of authorised persons (AP) and has asked brokers to keep a closer tab on their activities. The regulator may bring out tighter norms for these entities given the increasing complaints about APs offering assured returns, taking payment in cash, carrying out […]
Rupee vaults 8 paise to 82.93 against dollar
The rupee appreciated 8 paise to 82.93 against the US dollar in early trade on Thursday tracking positive domestic equities. Forex traders said the domestic unit was trading in ranges against the dollar as the support from positive domestic equities has been negated by elevated crude oil prices and a firm US dollar. At the […]
Broker’s call ICICI Bank Buy
Target: ₹1,150 CMP: ₹989.75 ICICI Bank’s Annual Report highlights the progress the bank is making towards sustainable growth. This is evident from its strong contingency buffers and robust underwriting and risk-monitoring mechanisms, all of which contribute to safeguarding the company’s balance sheet. ICICI Bank has been reporting a robust performance, led by a strong core […]
SEBI penalises Reliance Home Finance for violating LODR regulations and concealing forensic report findings
The Securities and Exchange Board of India has slapped a penalty of ₹15 lakh on Reliance Home Finance for violation of LODR regulations and failure to disclose the adverse findings of a forensic report. Chief executive Ravindra Sharad Sudhalkar, company secretary and compliance officer Parul Jain and CFO Pinkesh Shah have been levied a penalty […]
Sonata secures three Microsoft India partner of the year awards
Sonata Software has clinched three Microsoft India Partner of the Year Awards across multiple categories. The accolades recognise Sonata’s accomplishments and contributions in the fields of Manufacturing and Conglomerates, ITES, and Digital Natives. The Microsoft India Partner of the Year Awards applaud partners for their outstanding achievements and forward-thinking initiatives in various domains, including partner […]
Ratnaveer Precision jumps 32 per cent on Day 1 of listing
Shares of Ratnaveer Precision Enginering, the first company to list on T+3 basis, made a strong debut at the bourses by gaining over 30 per cent. Shares of the company debuted at ₹128, registering a jump of 30.61 per cent from the issue price of ₹98 on the BSE. During the day, it zoomed 37.14 […]
Stock Market Live Updates: Volatility looms as Asian markets navigate uncertain conditions
tock Market today | Share Market Live Updates – Find here all the live updates related to Sensex, Nifty, BSE, NSE, share prices and Indian stock markets for 11 September 2023. ALL UPDATES September 11, 2023 07:21 Sectoral Outlook: Technical Analysis: What is the outlook for IT Sector? he downtrend in the BSE Information Technology […]
Evaluation of risk management tools in the Indian commodity derivatives market
In the commodity derivatives markets, risk from the lens of an exchange include market fraud risk, credit risk, liquidity risk, systemic risk and operational risk. Most of these risks are managed by the clearing house of the exchange. A variety of risk management tools are adopted by such exchanges to preserve market integrity which includes […]
At 421x, NSE’s derivative to cash volumes dwarfs all global exchanges
The derivative to cash volumes for the National Stock Exchange (NSE) at the end of July stood at 421 times, substantially higher than all other markets, and a significant jump from 237 times last year. For Germany’s Deutsche Boerse, which is the closest in the metric, the ratio was 36x. Israel’s Tel-Aviv Stock Exchange and […]
Kahan Packaging sees bids of over 1,000 times from retail investors
Retail investors have gone crazy over IPO of Kahan Packaging. The public issue of this little-known Mumbai based firm that manufactures polymer-based woven products saw bids over 1,000 times, precisely 1,044 times from retail investors. Non-institution investors portion received bids for 405.59 times. The issue came out with a fixed price of ₹80 a share. […]
