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Sebi penalises 19 persons for fraudulent trading in Global Infratech stock
Capital markets regulator Sebi has imposed a penalty of Rs 95 lakh on 19 individuals for indulging in manipulative trading in the shares of Global Infratech and Finance Limited. They have been directed to pay the penalty within 45 days, the Securities and Exchange Board of India (Sebi) said in its order on Friday. The regulator conducted an investigation in the scrip of Global Infratech and Finance Ltd (GIFL) for the period December 2017 to February 2018 to ascertain any violations of PFUTP (Prohibition of Fraudulent and Unfair Trade Practices) norms. In its probe, Sebi found that 19 persons have followed a uniform strategy of executing 3,266 trades in a substantial quantity of shares, constituting 12.86 per cent of total market volume in a synchronised manner through a large number of trades ranging from 87 to 458 trades on each day for 39 days. "Such a repeated and uniform strategy of synchronised trades involving substantial quantity of shares was followed by noticees in order t
BSE receives Sebi's final approval to launch EGR on its platform
Leading stock exchange BSE on Monday said it has received the final approval from the capital markets regulator Sebi for introducing the Electronic Gold Receipt (EGR) on its platform. This comes after the BSE received in-principle approval from the Securities and Exchange Board of India (Sebi) in February, after which the exchange conducted several mock trading sessions in the test environment for its members to facilitate trading in EGRs. EGRs will cater to all market participants, which means that buyers and sellers on the exchange will include individual investors, as well as commercial participants along the value chain like importers, banks, refiners, bullion traders, jewellery manufacturers, and retailers, BSE said in a statement. "We are extremely thankful to Sebi for giving us the final approval and confidence that we will be able to launch the trading in EGR soon, as gold holds special significance for Indian households," Sameer Patil, CBO at BSE, said. The EGR platform wi
Market rout extends to 4th day on rising dollar; Sensex drops over 950 pts
India VIX index jumps 6% to June level
Harsha Engineers soars 47% on debut after strong demand for shares in IPO
At the last close, the company was valued at Rs 4,424 crore
Investors lose Rs 13.3 trn in four days of stock market crash
The overall narrative of the market remains weak, especially following the cautiousness ahead of the RBI MPC due later this week, says a market analyst
Shanthi Gears up 9%, hits record high in a weak market on healthy outlook
With no major debt-funded capex plans in the medium term, rating agency ICRA expects the company's debt coverage metrics and liquidity to remain strong
Piramal Enterprises slips 9% to hit 52-week low; stock slumps 11% in 2 days
In the past two days, the stock slipped 11 per cent after the RBI directed M&M Financial Services to immediately cease any recovery or repossession activities via an outsource till further orders.
IT shares extend fall; TCS, Wipro, Infy hit 52-week lows on growth concerns
In the past two weeks, the Nifty IT index has tanked 10 per cent, as against a 5 per cent decline in the Nifty 50.
Harsha Engineers makes strong debut, lists at 36% premium to issue price
Post listing, the stock moved 45 per cent higher to Rs 480 on the NSE and BSE, as against its issue price of Rs 330 per share.
Hindustan Unilever gains 2%, hits over 11-month high in a weak market
In the past six months, the stock has rallied nearly 40 per cent, as against 0.34 per cent decline in the S&P BSE Sensex.
Sensex falls 954 pts, Nifty below 17,050 amid growth concerns; IT stocks up
Stock market live: At 07:50 am, SGX Nifty quoted at 17,230, indicating an opening loss of over 100-odd points on the Nifty
Stocks to Watch: Harsha Engineers, Britannia, Coal India, Anupam Rasayan
Stocks to Watch: Harsha Engineers will make its debut on the bourses today. The issue price is fixed at Rs 330 per share. As per IPO Watch, the stock can list with a 50 per cent premium
Which sectors are worth your money as RBI mulls another rate hike?
As the global consensus towards aggressive monetary tightening gathers momentum, will the RBI also echo a similar tone this week? Which sectors and stocks look attractive at this point in time?
RBI rate decision, global trends to drive markets this week: Analysts
The domestic stock market may face volatility amid the monthly derivatives expiry scheduled this week, while investors would mainly await the outcome of RBI's interest rate decision on Friday, said analysts. Global market movement would also continue to drive sentiment amid a bearish trend recently following rate hikes by the US Federal Reserve and other central banks. The Reserve Bank of India (RBI) may take cues from its global counterparts to raise interest rate for the fourth time in a row to control inflation. The RBI, which has since May raised the short-term lending rate (repo) by 140 basis points (bps), may again go for a 50 basis points increase to take it to a three-year high of 5.9 per cent, say experts. Vinod Nair, Head of Research at Geojit Financial Services, said for the week ahead, investors will keenly watch the outcome of the RBI monetary policy on September 30. "We expect the market direction will be led by global developments and FIIs' (Foreign Institutional ..
FPIs pump in Rs 8,600 cr in Sept in equities; pace of investment slows
Indication of further rate hike by the US Federal Reserve, fears of a recession, depreciating rupee and continued tensions in Russia and Ukraine will affect FPI flows, says Basant Maheshwari
Seven of top-10 firms lose Rs 1.34 trn in mcap; RIL biggest laggard
The combined market valuation of seven of the 10 most valued firms eroded by Rs 1,34,139.14 crore last week, with Reliance Industries taking the biggest hit. Last week, the Sensex lost 741.87 points or 1.26 per cent amid an overall weak trend in equities. Barring Hindustan Unilever Limited (HUL), Bajaj Finance and ITC, others in the top-10 club suffered erosion in their market valuation. The valuation of Reliance Industries tumbled by Rs 40,558.31 crore to reach Rs 16,50,307.10 crore. HDFC Bank's market capitalisation (mcap) declined by Rs 25,544.89 crore to Rs 8,05,694.57 crore. The valuation of Adani Transmission eroded by Rs 24,630.08 crore to Rs 4,31,662.20 crore and that of ICICI Bank fell by Rs 18,147.49 crore to Rs 6,14,962.99 crore. State Bank of India's mcap diminished by Rs 9,950.94 crore to Rs 4,91,255.25 crore and that of Tata Consultancy Services (TCS) dipped Rs 9,458.65 crore to Rs 10,91,421.84 crore. The mcap of Infosys fell by Rs 5,848.78 crore to stand at Rs ...
REITs to raise short-term debt at lower cost as Sebi allows issue of papers
Capital markets regulator Sebi's decision to allow Real Estate Investment Trust (REIT) to issue commercial papers will help in raising short-term debt at a lower interest cost, according to real estate industry experts. REIT, a popular instrument globally, was introduced in India a few years ago to attract investment in the real estate sector by monetising rent-yielding assets. It helps unlock the massive value of real estate assets and enable retail participation. At present, there are three listed REITs -- Embassy Office Parks REIT, Mindspace Business Parks REIT and Brookfield India Real Estate Trust -- on Indian stock exchanges, but all these are of leased office assets. On Thursday, Sebi allowed emerging investment vehicles, REIT, and Infrastructure Investment Trust (InvIT), to issue commercial papers, subject to certain conditions. Commercial Paper or CP in market parlance refers to a short-term debt instrument issued by companies to garner funds generally for a time period up
Indices turn negative for 2022 amid global sell-off; Sensex falls 1,021 pts
Sensex, Nifty slump 1.7%; depreciating rupee weighs on foreign investor flows
Amfi to block MF distributors indulging in 'splitting of transactions'
Amfi shall take necessary action i.e. blocking of such MF distributors for a period of six months: Sebi
Exchanges start walking the line on Sebi's call for data democratisation
Calling data a public infrastructure, Sebi chairperson recently spoke in favour of enforcing free accessibility
Sensex sheds 1,021 pts on Friday, ends week with 700-pt drop: Here's why
Stock markets: Today's decline was the third consecutive fall for the two indices after US Fed's 75 bps rate hike on Wednesday night
Dish TV nears 52-wk high on Jawahar Goel's resignation; zooms 92% in 1 mth
In the past one month, Dish TV has zoomed 92 per cent as compared to a 1.2 per cent decline in the S&P BSE Sensex
Nearly 65% households plan to spend during this festive season: Survey
A new survey has revealed that nearly 65 per cent households across the country plan to spend during the current festive season, while 35 per cent will refrain from doing so
Stock of this edible oil company has zoomed nearly 1,500% in three months
Shares of Ambar Protein hit a new high of Rs 730 as it hit 5-per cent upper circuit for 58th straight consecutive day
India may boost coal power fleet 25% by 2030 amid rising energy demand
The world's third-biggest emitter of greenhouse gases will add nearly 56 gigawatts of coal power capacity unless there's a substantial drop in the cost of storing electricity
Schneider Electric hits over 6-year high, surges 12% in a weak market
With a number of reforms being introduced in the Power & Grid sector, the company expects it to remain resilient.
M&M Financial tanks 14% as RBI bars third-party services for loan recovery
In a circular, the RBI said that the non-banking finance company may continue to carry out recovery or repossession activities, through its own employees.
Shareholding gaffe at Glenmark Life: Focus shifts to Sebi new rules
Company promoters bought shares even when they held more than 75 per cent
Tata Steel rallies 4%, shares of subsidiaries fall up to 9% on merger plan
Shares of the to-be merged subsidiaries, Tata Steel Long Products, Tinplate Company of India, Tata Metaliks, and TRF declined 2 - 9 per cent each.
Reliance New Energy to acquire 20% stake in US-based Caelux for $12 mn
Caelux is a research and development-oriented company in perovskite-based solar technology. Its proprietary technology enables high-efficiency solar modules that can produce 20% more energy
Investors poorer by Rs 5 trn as Sensex tanks 1,021 pts; Nifty near 17,300
CLOSING BELL: ith this, the indices have yet again turned negative for calendar year 2022. During the day, the Sensex had tumbled over 1,100 points, and the Nifty50 had erased nearly 350 points
Tata Steel to absorb 7 group companies, simplify holding structure
'Move would also drive synergies' and increase value for shareholders, says company
Stocks to Watch: Tata Steel, Fortis, Hero MotoCorp, Bombay Dyeing, McLeod
Stocks to Watch Today: UCO Bank became the first bank to get RBI nod for Rupee trade settlement a/c with Russia; The Central Bank warns M&M Finance against outsourcing recovery agents.
Will further rate hikes dull gold's allure?
With the US Federal Reserve lifting its policy rate by 75 basis points for the third consecutive time, analysts believe that gold will continue to face pressure in the near-term. Here is a report
India's Russian thermal coal imports set to fall for first time in 4 months
Indian consultancy Coalmint expects September thermal coal imports from Russia to decline 30% from August to 1.4 million tonnes