Page 1320 - Markets News
Rs 2,000 note withdrawal: It'll be business as usual for mkts, say analysts
The RBI on Friday announced the withdrawal of the Rs 2,000 currency note, citing its 'Clean Note Policy'
 "Rs 2,000 note withdrawal: It'll be business as usual for mkts, say analysts")
Sebi seeks to revamp investor grievance redressal process to strengthen it
The proposal is aimed at making the entire redressal process of grievances in the securities market comprehensive
 "Sebi seeks to revamp investor grievance redressal process to strengthen it")
Sebi proposes measures to boost liquidity in corporate bond market
With an aim to boost liquidity in the secondary market for corporate bonds, markets regulator Sebi on Friday came out with a proposal for enabling direct participation by clients
 "Sebi proposes measures to boost liquidity in corporate bond market")
ITC's stock rally has more legs; analysts remain positive after strong Q4
Continuing high raw material inflation is a key concern and rupee depreciation continues to be a pain point
 "ITC's stock rally has more legs; analysts remain positive after strong Q4")
Sebi mandates risk disclosures for F&O trades, to protect retail investor
A study published by Sebi in January showed that only one in 10 F&O traders turned out to be profitable during FY22
 "Sebi mandates risk disclosures for F&O trades, to protect retail investor")
In MFs' trading expense revamp, AMCs, brokerages see Rs 3.5k-cr blow
Markets regulator has proposed to bring trading and brokerage fee within TER limit
 "In MFs' trading expense revamp, AMCs, brokerages see Rs 3.5k-cr blow")
Adani-Hindenburg: SC panel urges centralised database of unclaimed property
Database would aim to track rightful owners of such property and enable proven legal heirs to get full picture of investments and savings of the deceased and claim their money
 "Adani-Hindenburg: SC panel urges centralised database of unclaimed property")
Sebi's proposal on TER to curb mis-selling, bring in transparency
Sebi's proposed sweeping changes to mutual funds' Total Expense Ratio will curb distributor practices of unnecessary switching of schemes and pushing new fund offerings for higher commissions
 "Sebi's proposal on TER to curb mis-selling, bring in transparency")
Nexus Select Trust, country's first pure-play REIT, rises 4% on debut
Firm's IPO was subscribed 5.4x, units were proced at Rs 95-100 a share
 "Nexus Select Trust, country's first pure-play REIT, rises 4% on debut")
Sensex ends 298 pts up, Nifty reclaims 18,200 led by Adani, auto, IT stocks
CLOSING BELL ON MAY 19, 2023: Shares of Adani Group rallied smartly after the SC reported said it could not pinpoint regulatory failure in the Adani-Hindenburg case.
Repro zooms 48% in 1 week after Madhuri Kela acquires 3.6% stake in company
Post the acquisition, their total holding in the company has increased to 6.89 per cent from 3.30 per cent
 "Repro zooms 48% in 1 week after Madhuri Kela acquires 3.6% stake in company")
Adani-Hindenburg: SC panel says can't pinpoint regulatory failure
In a briefing called by the committee, Sebi said it did not find any evidence of "wash trades" even after putting Adani group scrips under various surveillance measures
 "Adani-Hindenburg: SC panel says can't pinpoint regulatory failure")
In Adani-Hindenburg saga hard to pinpoint regulatory failure, says SC panel
On price volatility, the committee said that the Indian market was 'not unduly volatile' after the Hindenburg report on Adani was revealed in January
 "In Adani-Hindenburg saga hard to pinpoint regulatory failure, says SC panel")
Adani Group shares trade mixed post Supreme Court panel report
An expert committee constituted by India's Supreme Court to investigate the Adani Group said it was not possible to conclude if there has been regulatory failure regarding price manipulations.
 "Adani Group shares trade mixed post Supreme Court panel report")
Over one-third Nifty50 stocks look weak on charts. Time to be cautious?
Among banking majors, Axis Bank, ICICI Bank, HDFC Bank and State Bank of India (SBI) appear on track to hit new all-time high in the weeks ahead, charts suggest
 "Over one-third Nifty50 stocks look weak on charts. Time to be cautious?")
SEBI plans to restrict borrowing by AIFs to prevent systemic risk
Market regulator also proposes mandatory renewal of AIF registrations on completing five years
What's capping rally in SBI shares despite record net profit in Q4FY23?
India's largest state-owned bank, State Bank of India, reported standalone net profit of Rs 16,694.51 crore for Q4FY23
 "What's capping rally in SBI shares despite record net profit in Q4FY23?")
Ramco Cements rallies 8%; hits 52-week high on healthy Q4 volume growth
While long term prospects of profitability look promising, the short term outlook is expected to improve from Q2FY24, Ramco Cements said.
 "Ramco Cements rallies 8%; hits 52-week high on healthy Q4 volume growth")
Sebi plan to prune MF costs: New expense slabs, no additional charges
Proposes to bring expenses like brokerage, transaction, and GST within the total expense ratio
 "Sebi plan to prune MF costs: New expense slabs, no additional charges")
Datamatics Global Services zooms 71% in one month on robust Q4 results
The management said it expects to see a sustained growth momentum for FY23- FY24, given a decent pipeline of opportunities.
 "Datamatics Global Services zooms 71% in one month on robust Q4 results")