Page 11 - Market News

Sebi extends MF distributor incentive rollout deadline to March 1

Markets regulator Sebi on Wednesday extended the timeline till March 1 for the implementation of an additional incentives structure for mutual fund distributors for onboarding new individual investors from B-30 cities and new women investors from any city. Earlier, the new incentive structure, aimed at promoting wider outreach and awareness, was scheduled to be effective from February 1, 2026. According to the classification used in the mutual fund industry, B-30 refers to places beyond the top 30 cities. Based on the feedback received from the industry, citing operational difficulties in putting in place the requisite systems and processes for smooth implementation of the additional incentive structure, Sebi has decided to extend the implementation timeline. Accordingly, the new provisions will now come into effect from March 1, 2026, Sebi said in its circular. Under the new framework, asset management companies (AMCs) will pay these distributors 1 per cent of the first lump-sum

Indian Gas Exchange plans ₹600-700 crore IPO launch by December 2026

Indian Gas Exchange, the country's first online delivery-based trading platform for natural gas, is likely to launch an initial public offering (IPO) by December this year, its Managing Director and CEO Rajesh Kumar Mediratta said on Wednesday. Indian Energy Exchange (IEX) holds a 47 per cent stake in IGX, and as per regulations, it has to bring it down to 25 per cent. "The IPO was supposed to happen in 2025, but we have sought a one-year extension. It is now likely before December 2026," Mediratta said. The papers for the IPO are likely to be filed before the capital market regulator Sebi in the second quarter of 2026 calendar year. "As much as 22 per cent equity shares are likely to be offered in the share sale," he said, but refused to speculate on the valuations. Brokerages last valued IGX at Rs 2,200-3,000 crore. A slight premium over the valuation would mean that the 22 per cent stake sale could be worth Rs 600-700 crore. IGX operates an electronic trading platform for natu

Mutual fund AUM surges 18% in 2025, slowest in 3 years: Amfi data

Led by ICICI Pru, top four AMCs add over Rs 6 trillion to combined AUM

Stockbroker rules' revamp likely to broaden cross-regulator scope

Separate business units, sandbox timelines part of proposed changes

Securities market code: Sebi ex-chief warns of investor focus dilution

Former Sebi chief M Damodaran warns the securities market code may dilute investor protection, rely on delegated legislation, and create a top-heavy regulator

Top asset manager taps Citigroup, HSBC Holdings for nearly $1.4 billion IPO

Top asset manager taps Citigroup, HSBC Holdings for nearly $1.4 billion IPO

Gold, silver jump as Venezuela tensions add to geopolitical risk

Spot gold rose as much as 2.3 per cent on Monday, climbing above $4,430 an ounce, while silver gained nearly 5 per cent

Pricing to remain key in largely stable corporate bond market in 2026

Elevated yields may push some companies to loan market

Gold, silver to face volatility next week amid US data, Venezuela turmoil

Gold and silver prices are likely to witness sharp swings next week as traders weigh key economic data and brace for heightened geopolitical uncertainty after US forces captured Venezuelan President Nicolas Maduro, analysts said. Investors will focus on key US data points, including ISM Manufacturing, December ADP employment numbers, and the unemployment rate, along with comments from a slew of Federal Reserve officials that could provide cues on the central bank's monetary policy outlook and near-term direction for bullion prices, they added. "Gold prices are likely to remain volatile in the week ahead as there are bullish as well as bearish factors at play," Prathamesh Mallya, DVP - Research, Non - Agri Commodities and Currencies, Angel One, said. According to experts, commodities markets are expected to see aggressive trading on Monday, reflecting volatile geopolitics after the US captured Venezuelan President Nicolas Maduro and his wife in a military operation on Saturday, ...

Domestic steel prices may rise in Q4 as safeguard duty curbs imports

Extension of safeguard duties until April 2028 provides a price floor for domestic steel, but weak exports, new capacities and global pressures are likely to cap further upside

Nifty hits new high amid hopes of December-quarter earnings revival

The United Kingdom's FTSE 100, Singapore's Straits Times Index, and South Korea's Kospi were among the other major indices that set new intraday records on Friday

Auto sales review: Analysts optimistic on sector amid strong Dec growth

TVS Motor, Maruti Suzuki India, Mahindra & Mahindra, and Ashok Leyland are some of the top picks of brokerages

Rupee slips 10 paise to close at 89.97 against dollar amid fund outflows

Forex traders said the USD/INR pair traded in a tight range, as support from easing crude oil prices was offset by a positive tone in the US dollar index and foreign fund outflows

Sector, thematic funds' outlook: Avoid over-allocation, chasing returns

These concentrated bets suit experienced investors who can assess sector prospects and invest at attractive valuations

Value over volume to drive jewellery growth in H2 amid higher gold prices

December quarter results for the sector are expected to be in similar lines to the September (Q2) quarter

Tobacco stocks tank as new taxes to come into effect from February 1

Shares of cigarette makers fell sharply after the Centre announced higher GST and excise duties on tobacco products from February, raising concerns over price hikes, volumes and margins

Sebi bars 26 individuals, imposes ₹1.85 cr penalty in SME stock case

In a 142-page order, the market regulator has also directed disgorgement of over Rs 98.78 lakh identified as illegal gains and imposed a penalty of Rs 1.85 crore on the individuals

China, EU lead Russian fuel purchases as India suffered despite cuts

India has gained the least since Russia invaded Ukraine in February 2022 and was penalized the most, while the US, China and the European Union emerged as the biggest beneficiaries from the war

Loan growth, margins seen improving for banks in Q3 as credit costs ease

Banks are likely to see better loan growth and margins in Q3FY26, with PSU lenders outperforming as credit costs ease, unsecured loan stress moderates and recoveries remain steady

Pre-listing lock-ins of 101 companies to expire in three months: Nuvama

Pre-listing shareholder lock-ins in 101 companies will be lifted between December 29, 2025, and March 2026, covering shares worth $23 billion, though not all may hit the market