Posts in category All News
Individual settles case with Sebi on payment of Rs 23 lakh (20-09-2015)
Cupid Ltd – Helping the world play safe! (20-09-2015)
anyone having private transport going to Cupid AGM from Mumbai ?.. we can share the ride & costs offcourse
CIPLA is my choice for short term (20-09-2015)
CIPLA CMP is Rs. 652 /-
I want to buy this stock above Rs. 671 /- and I put my stop loss order at Rs. 639 /-
I will expect this stock may move after crossing Rs.671 /- to Rs. 730 /- levels
If anybody want to do please act as your Risk Apatite ......
FPIs take out Rs 4,600 cr from capital markets in September (20-09-2015)
![fpi](http://images.financialexpress.com/2015/08/fpi-re-L.jpg)
Since the beginning of the year, FPIs have made a net investment of Rs 23,961 crore in equities and Rs 37,654 crore in debt markets. (PTI)
Foreign investors have pulled out over Rs 4,600 crore from the capital markets since the beginning of this month primarily on account of various global and domestic factors.
Outflows are unlikely to continue as the US Federal Reserve maintained status quo on interest rate, which may give the Reserve Bank of India some headroom to lower its key lending rate, according to some analysts.
The latest pull-out follows a record net outflow of Rs 17,428 crore from equities last month. That was the highest net outflow by foreign portfolio investors (FPIs) in a single month since 1997.
The segregated data prior to 1997 was not available.
FPIs have withdrawn a net of Rs 3,560 crore from equities, while they pulled out Rs 1,050 crore from the debt markets during September 1-18, taking the total to Rs 4,610 crore (USD 695 million), according to depositories data for this month.
Market experts attributed the huge outflows to sustained global risk-off trend along with concerns over economic slowdown in China and currency devaluation by the world’s most populated country.
Besides, China’s weak PMI and lower GDP growth dampened sentiments in India.
Since the beginning of the year, FPIs have made a net investment of Rs 23,961 crore in equities and Rs 37,654 crore in debt markets.
FPIs take out Rs 4,600 cr from capital markets in September (20-09-2015)
![fpi](http://images.financialexpress.com/2015/08/fpi-re-L.jpg)
Since the beginning of the year, FPIs have made a net investment of Rs 23,961 crore in equities and Rs 37,654 crore in debt markets. (PTI)
Foreign investors have pulled out over Rs 4,600 crore from the capital markets since the beginning of this month primarily on account of various global and domestic factors.
Outflows are unlikely to continue as the US Federal Reserve maintained status quo on interest rate, which may give the Reserve Bank of India some headroom to lower its key lending rate, according to some analysts.
The latest pull-out follows a record net outflow of Rs 17,428 crore from equities last month. That was the highest net outflow by foreign portfolio investors (FPIs) in a single month since 1997.
The segregated data prior to 1997 was not available.
FPIs have withdrawn a net of Rs 3,560 crore from equities, while they pulled out Rs 1,050 crore from the debt markets during September 1-18, taking the total to Rs 4,610 crore (USD 695 million), according to depositories data for this month.
Market experts attributed the huge outflows to sustained global risk-off trend along with concerns over economic slowdown in China and currency devaluation by the world’s most populated country.
Besides, China’s weak PMI and lower GDP growth dampened sentiments in India.
Since the beginning of the year, FPIs have made a net investment of Rs 23,961 crore in equities and Rs 37,654 crore in debt markets.
Foreign investors take out Rs 4,600 cr from capital markets in Sept (20-09-2015)
Individual settles case with Sebi on payment of Rs 23 lakh (20-09-2015)
An individual, Anil K Agarwal, has settled a case related to alleged violation of insider trading norms with market regulator Sebi after payment of over 23 lakh as settlement fee.
The Securities and Exchange Board of India had initiated adjudication proceedings against Agarwal over the violation of PIT (Prohibition of Insider Trading) regulations.
It was alleged that Agarwal had purchased and sold shares of Power Grid Corporation of India (PGCIL) on seven days during 2007 to 2010 and the transacted value of these scrips was either more than Rs 5 lakh or the quantity of shares traded was over 25,000 shares.
However, he allegedly failed to make the relevant disclosure regarding change in shareholding to the company and to the concerned stock exchange.
Further, Agarwal had also failed to obtain the pre-clearance of his trades from the company before dealing in the shares PGCIL, which is prescribed under model code of conduct for prevention of insider trading for listed firms.
While proceedings against Agarwal was in progress, he had offered to settle the matter on payment of Rs 23,29,625 lakh as settlement charges under Sebi’s consent order mechanism.
Thereafter, Sebi’s High Powered Advisory Committee on consent recommended the case for settlement on the payment of the amount.
This was also approved by Sebi’s panel of whole-time members, following which he remitted the amount.
Pursuant to a settlement under Sebi’s consent mechanism, the market regulator in an order dated September 18 said it is disposing of “the adjudication proceedings initiated against the applicant (Agarwal).
Sebi said that enforcement actions, including commencing or reopening of the proceedings, could be initiated if any representation made by him is found to be untrue.
Under the consent mechanism, entities can seek to settle cases with the regulator after payment of certain charges and and other expenses without admission of guilt.