Posts in category All News
Sebi mandates institutional mechanism for fraud prevention in stock broking (04-07-2024)
Sebi on Thursday issued a circular requiring stock brokers to establish an institutional mechanism for prevention and detection of fraud or market abuse in a bid to protect the interest of investors in securities market.
The circular mandates the implementation of systems for the surveillance of trading activities and internal controls, introduction of a whistle-blower policy, among other obligations.
These requirements are part of Sebi (Stock Brokers) (Amendment) Regulations, 2024, which aim to ensure higher standards of market integrity and investor protection.
The standards for implementation of the same, including operational modalities will be formulated by the broker's Industry Standards Forum (ISF), in consultation with the Securities and Exchange Board of India (Sebi), the regulator said in the circular.
The implementation will be based on the size of the stock brokers. Brokers with more than 50,000 active Unique Client Codes (UCCs) are required to comply by January 1, ...
Stock market update: Sugar stocks down as market rises (04-07-2024)
The 30-share BSE Sensex closed up 62.87 points at 80049.67
Quick Wrap: Nifty Pharma Index gains 1.39% (04-07-2024)
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CM Chandrababu Naidu creating fear psychosis in Andhra: Jagan Mohan Reddy (04-07-2024)
YSRCP chief YS Jagan Mohan Reddy accused Andhra Pradesh Chief Minister N Chandrababu Naidu of creating a fear psychosis among people who did not vote for him. He claimed that those who did not vote for Naidu's TDP were being targeted, with their assets being destroyed and false cases being filed. Reddy compared the current government to the former YSRCP regime and argued that the politics of creating a fear psychosis would not take the TDP far in the long term.
Sebi eases passive fund rule, allows higher exposure in sponsor group firms (04-07-2024)
This exposure would be subject to an overall cap of 35 per cent investment in the group companies of the sponsor
Sensex, Nifty end flat after scaling fresh highs; HDFC Bank plays spoilsport (04-07-2024)
The Nifty breadth was skewed in the favour of the bears, with 27 stocks ending in the red, while 23 ended in positive territory. Top gainers at the close included Tata Motors, HCL Technologies, ICICI Bank, Sun Pharmaceuticals, and Tata Consultancy Services (TCS).
Market extends record rally for 2nd day; VIX slides 2.65% (04-07-2024)
As per provisional closing data, the S&P BSE Sensex was up 62.87 points or 0.08% to 80,049.67. The Nifty 50 index rose 15.65 points or 0.06% to 24,302.15.
India’s share in the global market cap at 4.2%, continues to scale new highs: Motilal Oswal (04-07-2024)
As Sensex and Nifty hit new peaks, India's market capitalization contribution rises to 4.2%, exceeding the 13-year average of 2.7%. Motilal Oswal forecasts continued growth in market share amid favorable growth conditions.
India’s share in the global market cap at 4.2%, continues to scale new highs: Motilal Oswal (04-07-2024)
As Sensex and Nifty hit new peaks, India's market capitalization contribution rises to 4.2%, exceeding the 13-year average of 2.7%. Motilal Oswal forecasts continued growth in market share amid favorable growth conditions.