SEBI bans finfluencer 'Baap of Chart'; orders to return Rs 17.2 cr
Mumbai: The Securities and Exchange Board of India (SEBI) on Wednesday prohibited a well-known social media influencer from engaging in securities trading and ordered him to reimburse Rs 17.2 crore collected from his followers, Bloomberg reported.
Amid geopolitical tensions, Sensex tumbles 900 points; falls for 6th continuous day
Mumbai: The stock market continued to decline for the sixth consecutive session, the benchmark Sensex witnessed a massive drop of around 900 points, crossing the 64,000 level.
Mumbai: The stock market continued to witness heavy selling on October 25 as the geopolitical crisis in the Middle East showed no signs of easing, a spike in bond yields in the US, and lower than anticipated second-quarter earnings of big business enterprises, Moneycontrol reported.
MF nomination deadline soon; non compliance may lead to freezing of units
Mumbai: All individual mutual fund unit holders are required to either nominate or opt out of nomination by September 30, 2023. Failure to do so will result in the freezing of their mutual fund folios for debits, reported ET.
Jio Financial Services removed from NSE Indices
Mumbai: Jio Financial Services (JFS) will be excluded from the NSE Indices including the Nifty 50 from September 7, the National Stock Exchange said in a press release.
Adani Group stocks surge as market pays no heed to OCCRP's allegations of malpractice
Mumbai: A day after Gautam Adani-led Adani Group strongly rejected the fresh allegations of stock manipulation by the Organised Crime and Corruption Reporting Project (OCCRP), its shares recovered from intra-day lows to trade in the green, apparently reflecting the minimal impact of the charges on investors.
SEBI revises timeline for listing securities post IPO
Mumbai: Securities and Exchange Board of India (SEBI) has revised the timeline for listing securities after the conclusion of a public issue, reducing it from the current six working days to three days.
SEBI introduces new mechanism to correct erroneous off-market transfer of securities
Mumbai: Stock market regulator Securities and Exchange Board of India (SEBI) has introduced a new mechanism to rectify incorrect transfers of securities in demat accounts.
SEBI revokes Karvy Stock Broking's registration for misusing clients' funds
Mumbai: The Securities and Exchange Board of India (SEBI) on Wednesday said it has cancelled the registration of brokerage firm Karvy Stock Broking Ltd (KSBL) due to its improper use of clients' funds and securities, media reports said.
Sensex jumps 900 points with PSU banks and Adani Group stocks taking the lead
Mumbai: The Sensex surged by 900 points on Friday and the Nifty came close to reaching the 17,600 mark, following positive global and domestic cues. This boost in the stock market resulted in investors gaining approximately Rs 3.4 lakh crore, ET reported.
Sensex recovers by over 100 points
Mumbai/UNI: The BSE Sensex on Friday recovered 152.15 points at 59,757.95: in opening trade following gains in FMCG, Health Care, IT and Industrials stocks.
New Delhi: The Supreme Court has asked stock market regulator SEBI to respond by Monday on possible measures that can be taken to protect the interest of Indian investors in crisis situations such as the market crash triggered by US short-seller Hindenburg Research's report on Adani Group, media reports said.
Mumbai/UNI: The BSE Sensex on Thursday slightly improved 25 points at 60,130.71 in opening trade as buying was seen in Commodities, Consumer Discretionary Goods and services and Industrials stocks.
Why do Freak Trades Happen in Stock Market?
India's stock market is witnessing record trading volumes where new investors are entering to make profits on several instruments. It is called the fact that the stock market is a volatile place and creates the price change owns to supply levels and different demand.
Rupee falls 17 paise against USD
Mumbai/UNI: The Rupee on Thursday slipped seventeen paise at 81.60 against the greenback on rising demand for US Dollar by bankers and importers, dealers at Foreign Exchange said.