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BSE, NSE put NDTV securities under short-term ASM framework from Tuesday

Leading bourses BSE and NSE will put the securities of NDTV, an Adani Group company, under the short-term ASM framework from Tuesday. The parameters for shortlisting securities under ASM include high-low variation, client concentration, number of price band hits, close-to-close price variation and price-earning ratio. New Delhi Television Ltd (NDTV) is shortlisted in the short-term Additional Surveillance Measure (ASM) framework Stage-I effective from May 30, the National Stock Exchange (NSE) and BSE said in two separate circulars on Monday. The move came after both bourses had put the flagship firm of the conglomerate Adani Enterprises under the short-term ASM framework on May 25. Last week, BSE and NSE removed NDTV from the long-term ASM framework. On Monday, NDTV stock jumped 5 per cent on BSE and NSE. US short-seller Hindenburg Research in its January 24 report levelled allegations of fraud and stock manipulation against the Adani group. However, a Supreme Court-appointed pan

Buy low, sell high and repeat: Timing is taking root in mutual funds

Inverse correlation between net equity MF inflows, market performance

BSE, NSE put securities of Adani Enterprises under short-term ASM framework

Leading bourses BSE and NSE will put the securities of Adani Enterprises under the short-term ASM framework from Thursday. The parameters for shortlisting securities under ASM include high-low variation, client concentration, number of price band hits, close-to-close price variation and price-earning ratio. Adani Enterprises Ltd is shortlisted in short-term Additional Surveillance Measure (ASM) framework Stage-I effective from May 25, the National Stock Exchange (NSE) and the BSE said in two separate circulars on Wednesday. Under the short-term ASM, the exchanges said, "applicable rate of margin shall be 50 per cent or existing margin whichever is higher, subject to maximum rate of margin capped at 100 per cent, with effect from May 26, 2023 on all open positions as on May 25, 2023 and new positions created from May 26, 2023." In March, NSE and BSE removed Adani Enterprises from the short-term ASM framework. On Wednesday, Adani Enterprises stock tumbled 5.90 per cent on the BSE. I

Mahindra & Mahindra sells entire stake in Mahindra CIE at Rs 447.6 a share

MCIE is engaged in the business of production and sale of automotive components to original equipment manufacturers and other customers in India and overseas

BSE, NSE remove NDTV. Adani Group firm from ASM framework from Monday

Leading bourses BSE and NSE on Friday said that NDTV, an Adani Group company, will move out of the ASM framework from May 22. On March 17, both the bourses moved NDTV from the second to the first stage of the long-term Additional Surveillance Measure (ASM) framework. The stock is to be excluded from the ASM framework effective May 22, according to two separate circulars available on the BSE and NSE websites. Last week, both the exchanges had given an exit to three Adani Group stocks -- Adani Total Gas, Adani Transmission and Adani Green Energy -- from the ASM framework. US short-seller Hindenburg Research in its January 24 report levelled allegations of fraud and stock manipulation against the Adani group, however, the conglomerate has repeatedly denied all allegations.

Sensex, Bankex derivative contracts witness record Rs 528 crore turnover

BSE on Friday said that its newly relaunched Sensex and Bankex derivatives contracts witnessed a record turnover of Rs 528 crore on their first weekly expiry on the exchange. The turnover for futures was Rs 35 crore and options saw a turnover of Rs 493 crore, the exchange said in a release. The recently relaunched S&P BSE Sensex and S&P BSE Bankex derivatives contracts clocked a turnover of Rs 528 crore on their first weekly expiry on BSE, it added. Since its launch, BSE has seen a steady increase in turnover and open interest in these contracts, which has unique expiry of Friday. These contracts witnessed wider participation with more than 125 members across India, as per the release. On Monday, BSE relaunched Sensex and Bankex derivative contracts in its bid to boost derivative trading at the country's premier bourse. The relaunch of derivative contracts comes with a reduced lot size of futures and options and a new expiry cycle of Friday against Thursday ...

Sebi slaps Rs 50 lakh fine on 10 firms for indulging in non-genuine trades

Capital markets regulator Sebi on Wednesday levied fines totalling Rs 50 lakh on ten entities for indulging in non-genuine trades in the illiquid stock options segment on BSE. In ten separate orders, the regulator imposed a fine of Rs 5 lakh each on Auroplus Marketing Pvt Ltd, Baba Iron Industries, Atlantic Invest Advisory, Avinash V Mehta HUF, Navneet Agarwal and Sons HUF, Neeraj Gandhi HUF and Athwani Shrichand. Aviral Gupta, Ayushi Agarwal and Saloni Ruia were also penalised by the markets watchdog. The Securities and Exchange Board of India (Sebi) had observed large-scale reversal trades in the illiquid stock options segment on BSE, leading to artificial volumes on the exchange. Thereafter, the regulator conducted an investigation into the trading activities of certain entities engaged in the segment from April 2014 to September 2015. These ten entities that have been fined on Wednesday were among those who indulged in the execution of reversal trades. Reversal trades are all

Sebi slaps Rs 25 lakh penalty on 5 entities for non-genuine trades

Capital markets regulator Sebi on Tuesday slapped penalties totalling Rs 25 lakh on five entities for indulging in non-genuine trades in the illiquid stock options segment on BSE. The regulator imposed a fine of Rs 5 lakh each on Chitrabai Vasantrao Nikam, Damayanti Jhunjhunwala, Nemichand Kasturchand Jain, Naresh Kumar Agarwal and Chandra Lakshmi Safety Glass Ltd (CLSG). Sebi had observed large scale reversal trades in illiquid stock options segment on BSE, leading to artificial volumes on the exchange. The regulator conducted an investigation into the trading activities of certain entities engaged in the segment from April 2014 to September 2015. The five entities that have been fined on Tuesday were among those who indulged in the execution of reversal trades. Reversal trades are alleged to be non-genuine in nature as they are executed in the normal course of trading, which leads to a false or misleading appearance of trading in terms of generating artificial volumes, the regula

BSE relaunches Sensex, Bankex derivatives contracts to boost trading

BSE on Monday relaunched Sensex and Bankex derivative contracts in its bid to boost derivative trading at the country's premier bourse. The relaunch of derivative contracts comes with a reduced lot size of futures and options and a new expiry cycle of Friday from Thursday earlier, BSE said. The relaunch evoked a good response from market participants. Nearly 100 members participated in trading with a total turnover of Rs 53.12 crores with an open interest of 252 lots, the BSE said in a statement. Derivatives are considered to be high-risk-reward financial instruments aimed at hedging risk in the equity market. BSE had launched Sensex-30 derivatives (options and futures) for the first time in 2000. The Sensex-30 derivatives are made up of 30 of the largest and most actively traded companies on BSE. "We are relaunching two contracts Sensex and Bankex. Sensex is a well known benchmark and a barometer of India's economy. It has good performance and a good volatility profile, BSE Manag

This time we'll crack the derivatives segment: BSE MD & CEO Ramamurthy

Ramamurthy says BSE has put in place the right building blocks to make it a success this time around

Sebi with BSE, NSE establishes an Investor Service Center in New Delhi

/ -- The ISC which is managed by BSE, was inaugurated by SEBI Whole Time Member Shri SK Mohanty on May 13, 2023, in the presence of Shri Amit Pradhan, Regional Director, Northern Region Office - SEBI, Chief Business Officer - BSE, Shri. Sameer Patil, Shri Khushro Bulsara - Head BSE Investors Protection Fund and other senior officials from SEBI, Stock Exchanges, Stockbrokers and Mutual Fund Distributors. This Centre will facilitate resolution of complaints of investors against all listed corporate entities and other registered intermediaries in the securities market and also facilitate conducting of investor awareness programs in the entire Northern Region.

BSE, NSE to remove 3 Adani Group stocks from ASM framework on Monday

Leading bourses BSE and NSE on Friday said that three Adani group companies -- Adani Total Gas, Adani Transmission and Adani Green Energy -- will move out of the ASM framework from May 15. On March 24, both the bourses had moved Adani Total Gas and Adani Transmission from second to the first stage of the long-term Additional Surveillance Measure (ASM) framework. Last month, the exchanges had also moved Adani Green Energy to first stage of long-term ASM framework. The stocks will be excluded from ASM framework effective May 15, according to two separate circulars available on the BSE and NSE websites. PC Jeweller is also another stock that was excluded from the ASM framework. On Thursday, MSCI announced that two Adani group companies -- Adani Total Gas and Adani Transmission -- will move out of the MSCI India Index with effect from May 31. MSCI Global Standard Index is widely used by global fund houses for benchmarking global equities portfolios. US short-seller Hindenburg Resear

Westlife Development net profit grows 30.3% to Rs 20.3 cr in March quarter

Westlife Development Ltd on Tuesday reported a 30.3 per cent increase in consolidated net profit to Rs 20.30 crore for the fourth quarter ended March 2023. The company had posted a net profit of Rs 15.58 crore in the January-March quarter a year ago, Westlife Development Ltd said in a BSE filing. Its subsidiary Hardcastle Restaurants is the Master Franchisee of McDonald's restaurants in West and South India. The company's sales were up 22.5 per cent at Rs 543.80 crore during the period under review against Rs 443.90 crore in the corresponding quarter last fiscal. Westlife Development's total operating costs and expenses rose 18.79 per cent to Rs 419.92 crore in Q4 FY23. In the March quarter, total revenues of the company surged 22.25 per cent to 556.37 crore. According to the company, it has "reported an all-time high Q4 sales" with a strong double-digit SSSG (same-store sales growth) of 14 per cent year-on-year. "This was driven by double-digit growth in dine-in customers, enab

Sensex plunges 695 pts, Nifty below 18,100 as HDFC twins sink up to 6%

CLOSING BELL: HDFC and HDFC Bank accounted for a loss of 645 points on the BSE benchmark. Broader indices ended with relatively lesser losses of around 0.5 per cent each.

From Adani Wilmar to Havells India: Q4 results to watch out for today

Q4 results: Godrej Properties, Reliance Power, Bajaj Consumer, Chola Investment, JK Agri Genetic, Petronet LNG, Sula Vineyards, Sonata, and Tata Chemicals will also announce their results today

Stock markets: BSE, NSE to remain closed on account of Maharashtra Day

There will be no trading at the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) today

Bourses approves transfer of NCDs from HDFC Ltd to Bank as part of merger

HDFC Ltd on Wednesday said both stock exchanges BSE and NSE have approved the transfer of NCDs from the mortgage firm to HDFC Bank as part of the amalgamation process. BSE and NSE vide their letters dated April 26, 2023, granted their in-principle approval for the transfer of additional NCDs (non-convertible debentures) issued by HDFC Limited post receipt of the earlier approval on December 13, 2022, to HDFC Bank, the mortgage firm said in a regulatory filing. The proposed amalgamation is subject to receipt of final approvals from the Securities and Exchange Board of India (Sebi) in respect of change in control of certain subsidiaries of HDFC Limited, it added. This approval will help pave the way for the merger of HDFC into HDFC Bank, expected to be finalised by the third quarter of this financial year. Termed as the biggest transaction in India's corporate history, HDFC Bank on April 4 last year agreed to take over the biggest domestic mortgage lender in a deal valued at about US

India needs over 1 vibrant exchange, tweaking products to enliven BSE: CEO

India needs more than one vibrant exchange, and the BSE is tweaking its capital market products to revitalise the bourse and offer greater flexibility to investors, a top official said. The goal is to encourage technology providers, brokers and end users to actively participate in the BSE, he said. "India requires more than one active exchange, and hence the need to make the BSE more vibrant. We trying to differentiate by tweaking our product offerings," the bourse's MD & CEO Sundararaman Ramamurthy said in an interview to PTI. After taking over the bourse's charge in January, Ramamurthy has taken several measures to reinvigorate the BSE. "We are re-launching Sensex and Bankex derivatives with lower lot sizes and a new expiry cycle of Friday from May 15. The launch of Sensex 30 and Bankex derivatives will provide investors an opportunity to trade these popular and well-tracked indices,'' he said. "We will also be approaching the regulator for introducing weekly options expiries on

Zomato tells BSE most Blinkit stores have reopened after wage protests

Strike by delivery partners of grocery unit had no impact on operations or financial performance, says firm

Mahindra Finance to raise upto Rs 8,000 crore through debentures in FY24

The company continued to maintain a comfortable liquidity chest of about three months' requirement, according to the NBFC's filing with BSE