Page 12 - Market News

Sebi sets timelines for derivatives rollout on Bankex, BankNifty, FinNifty

Markets regulator Sebi on Thursday came out with guidelines for stock exchanges to implement eligibility criteria for derivatives on non-benchmark indices such as Bankex, FinNifty and BankNifty. In its circular, Sebi said stock exchanges must adjust the composition and weights of existing non-benchmark indices. For Bankex and FinNifty, the changes must be made in a single phase by December 31, 2025, while for BankNifty, adjustments will be done in four monthly phases and completed by March 31, 2026 to ensure an orderly rebalancing of index-tracking funds, it added. The move is aimed at boosting market efficiency, enhance representation of the banking and financial sectors and give more diverse trading and investment opportunities. According to the circular, exchanges are required to comply with the prudential norms specified in Sebi's directive. Sebi said non-benchmark indices must follow certain rules to qualify for derivatives trading. These include having at least 14 constituen

Sebi extends timeline for QSBs to implement optional T+0 settlement cycle

Capital markets regulator Sebi on Thursday decided to extend the timeline for Qualified Stock Brokers (QSBs) for putting in place the necessary systems for implementation of optional T+0 settlement cycle. Further guidance with regard to the same would be intimated at a later date, the Securities and Exchange Board of India (Sebi) said in its circular. This came after Sebi considered the challenges highlighted by QSBs in ensuring timely readiness of systems by November 1 and had requested to extend the same for ensuring smooth implementation. In April, Sebi had extended the timeline for implementation of the optional T+0 rolling settlement cycle for QSBs to November 1. Before this, the deadline was May 1. "Considering the challenges highlighted by QSBs in ensuring timely readiness of systems on or before November 1, 2025 and request to extend the same for ensuring smooth implementation, it has been decided to extend the timeline for QSBs for putting in place the necessary systems an

Govt to allocate UAE trade pact gold quota via competitive online bidding

The government on Wednesday said the allocations of tariff rate quota (TRQ) for gold under the free trade agreement between India and the UAE will be undertaken based on the competitive bidding/tender process. Under the agreement, India agreed to import up to 200 metric tonnes of gold annually from the UAE with a one per cent tariff or duty concession under tariff rate quota (TRQ). Amending the procedure for allocation of TRQ for gold under the India-UAE trade pact, the Directorate General of Foreign Trade (DGFT) said in a trade notice that "the allocations of TRQ for Gold under CEPA (comprehensive economic partnership agreement) will be undertaken based on the competitive bidding/tender process". It also said the eligible applicant must be registered with the Bureau of Indian Standards (BIS) for hallmarking; and with GST. Import of Gold Dore under TRQ shall not be considered, it added. Eligible applicants can file their applications online through the DGFT website. Further, the

Expansion, margin improvement likely to drive gains for Indian Oil

The IOC petrochemicals segment posted a profit of Rs 170 crore versus a loss of Rs 1 crore in Q1FY26

UBS finds emerging markets attractive; India among preferred bets

Improving global and domestic liquidity, persistent underweight positioning by global investors, and a renewed search for geographical diversification further underpin UBS' positive outlook on India

Sebi mulls incentives for select investors in debt public issues

Issuers may offer higher coupon rates or price discounts to retail, women, senior citizens, and armed forces personnel under Sebi's proposal to deepen market participation

Gold prices tumble 6% in biggest drop since 2013 as investors rush to buy

Gold prices plunged by as much as 6.3 per cent on Tuesday, the biggest drop since 2013, and held losses through Friday to close at $4,113.05 an ounce

Sebi mulls uniform norms for unclaimed funds on non-convertible securities

Markets watchdog Sebi on Friday proposed changes to align regulations for entities issuing non-convertible securities, standardising the process for handling unclaimed amounts by allowing their transfer only after seven years from maturity. In its consultation paper, the regulator has proposed amendments to the Listing Obligations and Disclosure Requirements (LODR) Regulations to align them with the provisions of the Companies Act, 2013 and the Investor Education and Protection Fund (IEPF) Rules. At present, Section 125 of the Companies Act mandates that unclaimed amounts, including matured debentures and the accrued interest thereon, be transferred to the IEPF only after 7 years from the date of maturity. Rule 3 (3) of the IEPF Rules further clarifies that unclaimed interest is to be transferred along with the matured debenture amount after this period. However, Regulation 61A of the LODR Regulations currently requires that any unclaimed interest held in an escrow account for seve

Gold falls to ₹1,25,600 per 10 grams in Delhi amid weak global cues

Gold prices tanked to Rs 1,25,600 per 10 grams in the national capital on Friday amid weak trends in the international markets, according to the All India Sarafa Association. The precious metal of 99.9 per cent purity had closed at Rs 1,32,400 per 10 grams on October 18. Gold of 99.5 per cent purity slumped to Rs 1,25,000 per 10 grams (inclusive of all taxes). It had settled at Rs 1,31,800 per 10 grams on Saturday. In the local bullion market, silver prices also tumbled to Rs 1,52,600 per kilogram (inclusive of all taxes) on Friday. It had ended at Rs 1,70,000 per kg in the previous market session. The association said that local bullion markets reopened on Friday after being closed for four days amid Diwali festivities. In the international markets, spot gold fell by USD 38.47, or 0.93 per cent, to USD 4,087.55 per ounce on Friday after rising 0.67 per cent in the previous session. "Gold struggled to maintain its recovery on Friday as the market shifted from a bullish trend to t

Former IndusInd Bank deputy pays 50% of alleged insider gains to Sebi

Restrictions on former deputy Arun Khurana's bank accounts have been lifted, a notice from the stock exchange said

Global shares dip as tech stocks fall after weak session on Wall Street

Global shares were mostly lower Wednesday on selling of technology shares following a lackluster day on Wall Street. France's CAC 40 fell 0.5% in early trading to 8,213.90. The German DAX dipped 0.3% to 24,251.58. Britain's FTSE 100 climbed 0.6% to 9,487.52. The futures for the S&P 500 and the Dow Jones Industrial Average were little changed. On Tuesday, the S&P 500 was nearly flat and the Dow gained 0.5%. The Nasdaq composite index lost 0.2%. In Asian trading, Chinese markets retreated after US President Donald Trump cast doubt on whether or not he will meet with Chinese leader Xi Jinping later this month. Maybe it won't happen, maybe it won't happen, he said while hosting a lunch for Republican Party senators at the White House. However, Trump also said he was expecting to do well in negotiations with China. I'm going to see President Xi in two weeks... We're going to meet in South Korea, he said. We're going to talk about a lot of things they want to discuss. Trump is ...

Gold extends fall as investors book profits ahead of US inflation data

On the technical front, gold is supported by the 21-day moving average at $4,005

Oil prices steady as oversupply fears ease, demand outlook improves

Brent crude futures were up 7 cents, or 0.11%, at $61.08 a barrel at 1320 GMT

Sebi proposes measures to ease dematerialisation, transfer of old shares

Markets regulator Sebi on Friday proposed measures to make it easier for investors to dematerialise physical shares and transfer them, especially those lodged before April 1, 2019. By addressing long-pending transfer issues and removing redundant steps in the current system, Sebi aims to enhance investor convenience while continuing to promote dematerialisation in the securities market. In its consultation paper, Sebi proposed to temporarily relax rules to allow the transfer of such old shares, even though they are in physical form. This exception, however, will be time-bound, with a sunset clause to ensure that dematerialisation remains the long-term goal. Once verified by the company or the Registrar and Transfer Agent (RTA), these shares will be credited directly to the investor's demat account. In addition to this proposal, the regulator has suggested abolishing the current process of issuing a 'Letter of Confirmation' (LOC) to further simplify the dematerialisation procedure.

Safe-haven surge, Fed rate-cut bets drive gold to new record highs

Spot gold was up 1.4% at $4,264.63 per ounce as of 11:06 a.m. ET (1506 GMT) after bullion touched a record high of $4,270.59 earlier

Sebi aims to boost institutional participation in commodity markets

The regulator had said in August it was also considering extending equity derivatives contract tenures and limiting who can trade

Gold eases ₹200 to ₹1,31,600 per 10 grams in Delhi, silver rises sharply

In the international markets, spot gold rose nearly 1% to hit an all-time high of $ 4,246.08 per ounce

Fintech Upgrade raises $165 million, targets IPO in 12 to 18 months

The round valued Upgrade at $7.3 billion pre-money, according to a source familiar with the matter, a 21.7% premium to its previous valuation

Sebi extends deadline to Jan 2026 for angel funds to disclose allocation

Markets regulator Sebi on Wednesday extended the timeline to January 31, 2026, for disclosing the allocation methodology by angel funds in their Private Placement Memorandum (PPM). Earlier, the deadline was October 15. "Based on representation from the AIF industry requesting additional time to meet this requirement, it has been decided to extend the said timeline to January 31, 2026, for ease of compliance," Sebi said in its circular. Accordingly, allocation of any investment made by existing angel funds post January 31, 2026, should be in accordance with the defined allocation methodology disclosed in their PPMs. Under the Sebi's framework, angel funds will have to disclose a defined methodology in their PPMs for the purpose of allocating the investment among angel investors who provide approval for such investment. In September, the regulatory framework for angel funds was revised under AIF (alternative investment fund) norms. As part of the revised framework to streamline ...

Gold extends record run past $4,200 on rate-cut hopes, safe-haven fervor

Gold is considered a traditional hedge against uncertainty and inflation, and also thrives in low-rate environments as it is a non-yielding asset