Stocks to watch today, June 9, 2023: Tata Power Renewable Energy, through its subsidiary, has received a contract to set up a 966 MW round-the-clock hybrid renewable power projects for Tata Steel
Posts in category Business Standard
Market LIVE: Broader indices shine; Sula Vineyards up 7%, IEX drops 11% (09-06-2023)
Stock market live updates: Broader markets, however, outperformed benchmark indices, with Nifty Midcap 100, and Nifty Smallcap 100 indices climbing up to 0.2 per cent
Nifty Pharma likely to weaken in near-term; adopt sell on rise approach (09-06-2023)
Nifty Pharma is weak on hourly charts. Traders should be cautious and sell on every rise, while Nifty Energy Index is in a range-bound phase, says Ravi Nathani
Suggest Bear Spread strategy on Bank Nifty for June series: HDFC Securities (09-06-2023)
Short term trend of the Bank Nifty has turned weak as it has closed below its 5 and 11-day EMA, says Nandish Shah of HDFC Securities
Binance used two American banks to move billions of dollars, says SEC (08-06-2023)
In court filings, the SEC accountant, Sachin Verma, detailed a tangle of transactions that companies associated with the giant cryptocurrency exchange had made through two banks
HDFC Defence Fund to stop lumpsum investment, limit new SIPs to Rs 10,000 (08-06-2023)
Fund to stop taking lumpsum investments, limit new SIPs to Rs 10,000
Infosys second-worst performer on NSE Nifty 50 Index in 2023, shows data (08-06-2023)
Infosys’s disappointing sales forecast for the current financial year added to the negative newsflow
IKIO Lighting IPO gets subscribed 66.3 times on concluding day of issue (08-06-2023)
The company manufactures LED lighting, refrigeration lights and other products
Expecting more, indices fall after RBI’s rate pause; Sensex dips 294 points (08-06-2023)
The NSE Nifty declined 91.85 points or 0.49 per cent to end at 18,634.55
Sebi makes rule for upstreaming of client funds by brokers to clear corps (08-06-2023)
To safeguard clients’ funds, capital markets regulator Sebi on Thursday came out with a framework that requires the upstreaming of all client funds received by stock brokers to clearing corporations.
Under the framework, no clients’ funds will be retained by stock brokers on an end-of-day (EoD) basis. Further, clients’ funds will be upstreamed by stock brokers and clearing members to clearing corporations (CCs) only in the form of either cash, lien on Fixed Deposit Receipt (FDR) or pledge of units of mutual fund overnight schemes, Sebi said in a circular.
Other than the FDRs (liened to CCs) and mutual fund overnight scheme (pledged to CCs), any remaining client funds with brokers will be upstreamed to a CC before a stipulated cut-off time.
The new framework will come into effect from July 1, 2023, the Securities and Exchange Board of India (Sebi) said.
With regards to upstreaming through FDRs created out of clients’ funds, Sebi said stock brokers may create FDRs out of clients’ fun