Posts in category Business Standard
Nifty Energy on decline, Nifty Pharma range bound: Know what charts suggest (10-05-2024)
The Nifty Energy Index, currently priced at 38,458.00, is displaying a downward trend in the near term according to the charts
Markets log biggest drop in 4 months; Sensex ends 1,062 points lower (09-05-2024)
The index finished below its 100-day moving average (DMA), seen as a critical support, for the first time since November 13, 2023
Sebi proposes to cut trading size of privately placed InvITs to Rs 25 lakh (09-05-2024)
Markets regulator Sebi on Thursday proposed to drastically reduce the trading lot size of privately placed infrastructure investment trusts (InvITs) to Rs 25 lakh in a bid to boost investors' participation and increase liquidity of such investment vehicles.
The current trading lot for secondary market trading for privately placed InvITs is set at Rs 1 crore. Further, if the InvIT invests at least 80 per cent of its asset value in completed and revenue-generating assets, then the trading lot is Rs 2 crore.
In its consultation paper, Sebi has proposed "to reduce the trading lot size for the purpose of trading units of privately placed InvITs on designated stock exchanges from Rs 1 crore/ Rs 2 crore to Rs 25 lakh".
The proposal will help in increasing the liquidity of privately placed InvIT units by allowing a broader base of investors to participate in the market and promote diversification of investment portfolios, enabling investors to better manage risk.
Additionally, the regulato
Sebi proposes direct transfer of securities to clients’ accounts (09-05-2024)
"In a move to enhance operational efficiency and reduce the risk to clients' securities, it has been deliberated to make the process of direct payout of securities to the client account mandatory,"
Sebi proposes easing disclosure rules for non-convertible securities (09-05-2024)
To promote ease of doing business for issuance of non-convertible securities, Sebi on Thursday proposed removing the requirement to disclose the PAN and personal address of issuers' promoters in the offer document along with other relaxations in disclosure guidelines.
The current regulatory framework of Sebi's (Issue and Listing of Non-Convertible Securities) rules or NCS norms mandates disclosure of complete profile of promoters of the issuer in the offer document, which includes disclosure of PAN, personal address among others.
Additionally, the regulator, in its consultation paper, suggested relaxation in the requirement of providing certain business and commercial details in case of purchase or acquisition of immoveable property in the offer document.
The Securities and Exchange Board of India (Sebi) has sought comments from the public till May 30 on the proposals in its consultation paper, the regulator has proposed that details regarding branches or units of the issuer as on t
SIP inflows peak at Rs 20K crore as MFs conquer 6.4 million accounts (09-05-2024)
Growth momentum remains strong despite KYC hurdle
Investors’ wealth eroded by Rs 7.34 trn as Sensex tanks over 1,000 points (09-05-2024)
Investors' wealth on Thursday eroded by Rs 7.34 lakh crore as markets took a heavy beating, with the BSE Sensex tumbling 1,062.22 points.
Declining for the third day running, the 30-share BSE benchmark dropped 1,062.22 points or 1.45 per cent to settle at 72,404.17. During the day, it tanked 1,132.21 points or 1.54 per cent to 72,334.18.
The market capitalisation of BSE-listed companies eroded by Rs 7,34,513.48 crore to Rs 3,93,34,896.14 crore (USD 4.71 trillion).
On May 2, the mcap of BSE-listed firms reached an all-time peak of Rs 4,08,49,767.90 crore.
"Markets buckled under relentless selling pressure as investors turned risk averse in the ongoing poll season and further lightened their equity exposure to avoid being caught off guard. As the election season is heating up, investors are trimming their equity exposure at a faster pace, which can be seen from the drubbing that mid and small-caps received," said Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd.
From the Se
Sebi weighs mandatory direct securities payout to client’s account (09-05-2024)
To enhance operational efficiency and reduce the risk to clients' securities, markets regulator Sebi on Thursday proposed making the process of direct payout of such securities to the client's account mandatory.
Currently, the clearing corporation credits the pay-out of securities in the pool account of the broker, who then credits the same to the respective client's demat accounts.
Further, a facility of direct delivery to investors was introduced in February 2001.
"It has been decided that the process of securities payout directly to the client account shall now be mandatory," the Securities and Exchange Board of India (Sebi) said in its consultation paper.
The securities for payout should be credited directly to the respective client's demat account by the clearing corporations.
Moreover, clearing corporations should provide a mechanism for Trading Member(TM)/clearing members (CM) to identify the unpaid securities and funded stocks under the margin trading facility.
In case of
Jeff Bezos, Mark Zuckerberg lead Magnificent Seven insider stock sales (09-05-2024)
The moves underscore how Silicon Valley insiders are monetizing their holdings after tech stocks rallied to fresh records, rebounding from a 2022 slump caused by accelerating inflation, rate hikes
Front-running, insider trading: Amfi rulebook to curb misconduct in a month (09-05-2024)
Move follows Sebi nod for institutional mechanism to curb front-running and insider trading