Sebi has noted that the DMA facility will also help in implementing better hedging and arbitrage strategies
Capital markets regulator Sebi on Wednesday allowed stock exchanges to extend direct market access facility to foreign portfolio investors (FPIs) for participation in Exchange Traded Commodity Derivatives (ETCDs). The new provision would come into force with immediate effect, the Securities and Exchange Board of India (Sebi) said in a circular. Direct Market Access (DMA) facilitates the clients of a broker to directly access the exchange trading system through the broker's infrastructure to place orders without manual intervention by the broker. Also, DMA provides certain advantages to brokers such as direct control over orders, faster execution of orders, reduced risk of errors associated with manual order entry, maintaining confidentiality, lower impact costs for large orders and implementing better hedging and arbitrage strategies. "Based on representations received for enabling DMA facility to FPIs in ETCDs and deliberations by Commodity Derivatives Advisory Committee (CDAC) o
Strong flows into domestic banks even as their developed world counterparts reeled under pressure was underpinned by improved outlook
Sebi may exercise info-sharing rights under IOSCO, MoUs with nations
FPIs sold oil and gas shares worth Rs 564 crore, and realty shares worth Rs 278 crore
Near-term trigger is the strong Q4 results led by revenue growth and expanding margins
The gains come on the back of strong inflows from foreign portfolio investors
Excluding this, FPI activity in equities represents a strong selling undercurrent
FPIs bought equities worth $1.52 billionbetween March 1 and 15, the most since November 2022, according to National Securities Depository data
FPIs have not just built aggressive short positives on the index futures, they have also unwound their long positions in the single stock futures, shows an analysis by Nuvama Institutional Equities
Experts said the amendments will give Sebi increased powers to seek information from overseas funds
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To make a representation to FinMin for relief
Despite multi-year low valuations, brokerages see rise in demand and fall in inventory
The angel tax is on the amount received as more than fair market value as income in the hands of a company
Thus far in FY23, MFs have pumped in a net Rs 1.53 trillion in equities till March 1, 2023, Securities and Exchange Board of India (Sebi) data show, as compared to Rs 1.72 trillion in FY22
Stock markets are adjusting to new realities
Financial services, IT, capital goods among favoured sectors, with FPIs buying stocks worth over Rs 5,600 cr in these spaces
Hike stakes in 639 companies to gain an average 6.4%, prune holdings in 700 underperformers; retail investors, on the other hand, get many of their calls wrong
Not a single penny got raised from initial public offerings and follow-on public offers (FPO) last month