Page 2385 - Markets News

Sebi puts expense cap on PMS providers, lays down performance standards

The regulator also laid down the performance standards for PMS providers

Valuation gap between Asian Paints and Berger Paints should narrow: Experts

Berger trading at more than 25% premium to Asian Paints

Ipca Labs' outlook remains intact with India business on strong footing

Outlook remains intact with India business on strong footing, exports supported by ingredient capabilities

GIC Re's size and monopoly not helping it attract investors' attention

Despite being the largest player in the domestic reinsurance industry, weak fundamentals cap the stock's appeal

Sebi's diktat for AIF benchmarking may lead to sub-categorisation

Sebi has classified AIFs into three categories, with four sub-categories for 'Category I AIFs' that include venture capital funds, SME funds, social venture funds, and infrastructure funds

Damani, other DMart promoters to offload 2.3% stake through OFS

Following the share sale, Avenue Supermarts, which operates the Dmart retail chain, will become compliant with the 25 per cent public shareholding norms

Sebi issues guidelines, tells portfolio managers not to charge upfront fee

"As provided in Regulation 22 (11) of the PMS Regulations, no upfront fees shall be charged by the portfolio managers, either directly or indirectly, to the clients," Sebi said.

Budget impact: Shares with DVRs underperform after DDT removal

The median loss for such securities after the Budget is 4.5 per cent, compared to a 2.1 per cent gain in the benchmark S&P BSE Sensex

Sebi develops system to detect misuse of client securities by stock brokers

This comes after Sebi observed that some brokers have misused clients' securities

LIC IPO can take time, process may extend beyond FY21, says Macquarie

The investment banking and financial services firm in a note cast doubt on chances of LIC hitting the IPO market in next financial year (FY21) following its interactions with actuaries and valuers

S&P's rating an affirmation that the Indian economy is on right path

The recent Budget proposals came in as a disappointment for most analysts in the absence of strong measures

Foreign investors turn net buyers in Dec quarter, pump in $ 6.3 bn

This comes following a net outflow of $3.22 billion by foreign portfolio investors (FPIs) in the quarter ended September 2019

Sebi hiring agency to study millennials' savings, investment behaviour

Also, Sebi will study the perception of this new generation about market integrity and transparency

Market Wrap, Feb 13: Sensex slips 106 pts, Nifty ends at 12,175

Sectorally, Nifty Private Bank index fell around 1.4 per cent to 17,083 levels. Nifty Bank slid 0.8 per cent to 31,230 points. On the upside, pharma and IT stocks advanced the most

AIF investments rise to over Rs 1.4 trillion in Dec quarter 2019: Sebi data

At the end of September 2019 quarter, the investment stood at Rs 1.25 trillion

MARKET WRAP: Sensex slips 106 pts, Nifty ends at 12,175; financials decline

All that happened in markets today

YES Bank jumps 5% as lender gets EoIs from JC Flowers, Silver Point

YES Bank will delay the announcement of its December quarter (Q3) results due to the ongoing talks

CARE Ratings drops 8% as Chairman Mainak steps down after forensic probe

This is the second setback for the rating agency in as many months. Earlier in December 2019, the company's managing director and chief executive officer (MD & CEO) Rajesh Mokashi had stepped down

IRCTC jumps 12.5% on strong Q3 nos; Co announces interim dividend of Rs 10

For the quarter under review, IRCTC posted a whopping 178 per cent year-on-year (YoY) jump in its net profit at Rs 206 crore

Wockhardt tanks 5% after it sells domestic branded ops to Dr Reddy's Labs

The deal, which could fetch a consideration amount of Rs 1,850 crore, is expected to close in the first quarter of financial year 2020-21, Wockhardt added.