India’s market regulator proposed measures to contain extreme price movements in shares on which futures and options trade, including longer trading suspensions and restricting price movements
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Sebi proposes curbs on extreame price movements in derivative-linked shared (21-05-2023)
India’s market regulator proposed measures to contain extreme price movements in shares on which futures and options trade, including longer trading suspensions and restricting price movements
Q4 results, FII trading activity to guide markets this week: Analysts (21-05-2023)
Domestic quarterly earnings, global trends and foreign fund trading activity would dictate the movement in equity markets, which may face volatility amid the scheduled monthly derivatives expiry this week, analysts said.
Equity markets took a breather last week. The BSE Sensex declined 298.22 points or 0.48 per cent and the Nifty dipped 111.4 points or 0.60 per cent.
“Global and domestic macroeconomic data, crude oil prices, global market trends, Foreign Institutional Investors (FIIs) and domestic institutional investors (DIIs) activity will be monitored this week.
“Earnings season will continue to be in focus with companies like BPCL, Ashok Leyland, NMDC, Hindalco, Oil India, LIC, Vodafone Idea, BHEL, ONGC, and many more will be declaring their results this week,” Arvinder Singh Nanda, Senior Vice-President at Master Capital Services Ltd, said.
Globally, investors would continue to focus on the US debt ceiling negotiations, Nanda added.
US President Joe Biden’s administration is
Mcap of top valued firms erodes by Rs 70,487 cr; RIL, TCS biggest laggards (21-05-2023)
Six of the 10 most valued firms faced a combined erosion of Rs 70,486.95 crore in their market valuation last week, with Reliance Industries and Tata Consultancy Services (TCS) taking the biggest hit following a weak trend in equities.
While Reliance Industries, TCS, HDFC Bank, ITC, State Bank of India and HDFC were the laggards from the top 10 pack, ICICI Bank, Hindustan Unilever, Infosys and Bharti Airtel were the gainers.
Last week, the BSE Sensex declined 298.22 points or 0.48 per cent.
“Markets took a breather last week and shed half a per cent amid mixed cues. The beginning was upbeat, however, profit-taking in heavyweights across sectors pushed the index lower in the following sessions,” Ajit Mishra, VP – Technical Research at Religare Broking Ltd, said.
Among major losers, the market valuation of Reliance Industries fell by Rs 27,941.49 crore to Rs 16,52,702.63 crore and that of TCS eroded by Rs 19,027.06 crore to Rs 11,78,854.88 crore.
HDFC Bank’s valuation declined by Rs
Mcap of top valued firms erodes by Rs 70,487 cr; RIL, TCS biggest laggards (21-05-2023)
Six of the 10 most valued firms faced a combined erosion of Rs 70,486.95 crore in their market valuation last week, with Reliance Industries and Tata Consultancy Services (TCS) taking the biggest hit following a weak trend in equities.
While Reliance Industries, TCS, HDFC Bank, ITC, State Bank of India and HDFC were the laggards from the top 10 pack, ICICI Bank, Hindustan Unilever, Infosys and Bharti Airtel were the gainers.
Last week, the BSE Sensex declined 298.22 points or 0.48 per cent.
“Markets took a breather last week and shed half a per cent amid mixed cues. The beginning was upbeat, however, profit-taking in heavyweights across sectors pushed the index lower in the following sessions,” Ajit Mishra, VP – Technical Research at Religare Broking Ltd, said.
Among major losers, the market valuation of Reliance Industries fell by Rs 27,941.49 crore to Rs 16,52,702.63 crore and that of TCS eroded by Rs 19,027.06 crore to Rs 11,78,854.88 crore.
HDFC Bank’s valuation declined by Rs
Centre likely to push ECGC IPO to next year amid global uncertainties (21-05-2023)
The ongoing Russia-Ukraine war and tightening of monetary policy by important central banks internationally are expected to adversely impact the valuation of ECGC if the IPO is launched now
Centre likely to push ECGC IPO to next year amid global uncertainties (21-05-2023)
The ongoing Russia-Ukraine war and tightening of monetary policy by important central banks internationally are expected to adversely impact the valuation of ECGC if the IPO is launched now
Onus of preventing front running, insider trading to fall on AMCs (20-05-2023)
Sebi proposal wants AMCs to design internal systems to identify misconduct of employees
Market regulator Sebi plans to shorten IPO listing timeline to three days (20-05-2023)
Currently, listing happens after six days from the closure of IPO
Sebi proposes to cut down IPO listing timeline to 3 days from 6 days (20-05-2023)
Capital markets regulator Sebi on Tuesday proposed to reduce the time taken for the listing of shares on stock exchanges after the closure of initial public offerings (IPOs) to three days from six days at present.
The proposed reduction in timelines for listing and trading of shares will benefit both issuers as well as investors.
“Issuers will have faster access to the capital raised thereby enhancing the ease of doing business and the investors will have opportunity for having early credit and liquidity of their investment”, Sebi said in its consultation paper.
The markets regulator, in November 2018, introduced Unified Payment Interface (UPI) as an additional payment mechanism with Application Supported by Blocked Amount (ASBA) for retail investors and prescribed the timelines for listing within six days of closure of issue (T+6). ‘T’ is the day of closure of the issue.
Over the last few years, Sebi has ensured that a series of systemic enhancements have been undertaken across al