Posts in category Business Standard
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
Market meltdown: Nifty crashes below 22,000 as investor jitters mount (09-05-2024)
The domestic stock market plunged today, with the Nifty 50 crashing below the crucial 22,000 level. A perfect storm of anxieties - election uncertainty, relentless selling by foreign investors, lackluster corporate earnings, and spiking oil prices - clobbered investor sentiment. While the Nifty Auto index defied the carnage, roaring to a record high, most other sectoral indices drowned in the sea of red. Oil & gas, metals, and FMCG stocks bore the brunt of the selling. The expiry of weekly index options injected a shot of volatility into the market.
Gopal Snacks standalone net profit declines 4.15% in the March 2024 quarter (09-05-2024)
Sales rise 6.60% to Rs 350.96 crore
Trishakti Industries reports consolidated net profit of Rs 0.21 crore in the March 2024 quarter (09-05-2024)
Sales rise 669.14% to Rs 53.84 crore
Escorts Kubota Q4 PAT grows 31% YoY to Rs 242 cr (09-05-2024)
The tractor maker's standalone net profit jumped 30.52% to Rs 242.07 crore in Q4 FY24 as against Rs 185.47 crore posted in Q4 FY23.