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Samie Modak is a market hawk with nearly two decades of experience. At Business Standard, he leads a dynamic team of reporters, turning complex market data into captivating stories. Off the clock, he's a tech geek, always up-to-date with the latest in gadgets, mobiles, and motorbikes. A sports enthusiast, he avidly follows cricket and tennis. With his blend of market expertise, tech passion, and sports fandom, he brings a fresh, engaging perspective to financial journalism.
Samie Modak is a market hawk with nearly two decades of experience. At Business Standard, he leads a dynamic team of reporters, turning complex market data into captivating stories. Off the clock, he's a tech geek, always up-to-date with the latest in gadgets, mobiles, and motorbikes. A sports enthusiast, he avidly follows cricket and tennis. With his blend of market expertise, tech passion, and sports fandom, he brings a fresh, engaging perspective to financial journalism.
According to data provided by NSE, futures contracts of HDFC, Bharti Airtel, HDFC Bank, TCS and RIL jumped around 10 per cent each for a few nanoseconds in early trading
At present, a settlement application can be filed in 60 days of receipt of show-cause; another 120 days given to noticee paying 25% over settlement amount, which Sebi wants to do away with
Analysts bullish over near-to-medium term
Domestic markets up 22% this year, MSCI China down 12%
The Nifty Midcap and Smallcap 100 indices have by far the best returns among various asset classes so far this year
A red flag gets activated whenever the foreign shareholding is less than 3 per cent of the permissible limit, which in HDFC Bank's case is 74 per cent
The peak margin norms have been implemented in phases since December 2020
Despite a 5,000-point surge by Sensex, overall market breadth was the worst since March 2020 when stocks had collapsed following the spread of the Covid-19 pandemic
Sunil Mittal's reappointment gets 10% against votes
The strong showing in August was supported by domestic investor inflows, say experts
The surge in August saw India's market cap top the Rs 250-trillion mark
Sensex up 8% in August, making India the best-performing major market globally
Airtel on Sunday announced a fund raise of Rs 21,000 crore by way of rights issue
The latest positive global sentiment has helped the markets shrug off the underwhelming June quarter results, earnings downgrades, and the possibility of further downgrades
Some believe the latest correction in the broader market and falling grey market premiums also played on investors' minds
While the resolution was still passed with promoter support, it underscored the extent of emphasis institutional investors are placing on issues such as corporate governance and transparency
Wipro has highest average free float market cap of Rs 80,213 cr among non-Sensex components for 55% of the review period; Bajaj Auto has free float market cap of Rs 50,929 cr and is ranked 38th
Experts say the impact of the circular less than feared earlier
At present, domestic investors can get exposure to foreign stocks through a broker who has a tie-up with an international broker
Any company launching an IPO takes valuation cues from the secondary market, which bankers say are "encouraging"