Page 45 - Markets News

Sebi fines Prabhudas Lilladher ₹11 lakh for violating market norms

Capital markets regulator Sebi has levied a fine of Rs 11 lakh on Prabhudas Lilladher after finding the financial services firm in violation of several regulatory provisions, including misuse of client funds and incorrect margin reporting. The order came after the Securities and Exchange Board of India (Sebi) along with the exchanges NSE, BSE and MCX carried out a comprehensive joint inspection of Prabhudas Lilladher Pvt Ltd. The inspection period was from April 1, 2021, to October 31, 2022. One of the major findings was the alleged misuse of client funds on three occasions, where the net available balance (G) was negative, peaking at a shortfall of Rs 1.89 crore, thereby violating breach of market norms, the regulator said in the order on Wednesday. Further, violations included incorrect reporting of peak ledger balance in cash & cash equivalent, client registration process, and analysis of weekly enhanced supervision data, as per the order. Additionally, Sebi also found that the

How to build a smart portfolio? Dhiraj Relli of HDFC Securities suggests

Selecting ETFs with high liquidity and low tracking error is essential to ensure efficient execution and minimised deviation from benchmark indices

Gift City may see its first IPO soon, marking a new era for unlisted firms

Ed-tech firm among half dozen eyeing direct listing at financial hub

Anthem Biosciences IPO subscribed 73 pc on Day 1 of offer

The initial public offer of Anthem Biosciences Ltd got subscribed 73 per cent on the first day of share sale on Monday. The initial share sale received bids for 3,21,13,406 shares against 4,40,70,682 shares on offer, according to NSE data. Non-institutional Investors category garnered 1.55 times subscription, while the quota for Retail Individual Investors (RIIs) got subscribed 58 per cent. The portion for Qualified Institutional Buyers (QIBs) received 37 per cent subscription. Anthem Biosciences has raised Rs 1,016 crore from anchor investors. The Rs 3,395-crore IPO of the Bengaluru-based firm will close on July 16. The price band has been fixed at Rs 540-570 per share. Since the IPO is entirely an offer-for-sale (OFS), the company will not receive any funds from the issue, and the proceeds will go to the selling shareholders. Anthem is into innovation-driven and technology-focused Contract Research, Development and Manufacturing Organization (CRDMO) with fully integrated operat

Near-term upsides from deal with AbbVie may be priced in Glenmark's stock

Glenmark's $700 million deal with AbbVie for ISB-2001 could unlock significant upside, though analysts note the potential is already priced in, with stock surging post-announcement

RBI issues draft directions for novation of OTC derivative contracts

Draft norms enable position transfer in OTC derivatives with consent and fair pricing; RBI mandates tripartite structure to ensure risk shift and regulatory adherence

MCX to launch India's first electricity futures contracts on July 10

The exchange will initially launch cash-settled contracts for the current and next three-month periods, but they will subsequently be available for all 12 calendar months, said MCX

F&O volumes fall as Jane Street crackdown affects derivatives market

On Monday, futures and options (F&O) turnover on the NSE was Rs 91.4 trillion, a 26 per cent drop from the average of the previous 12 Mondays

Debt securitisation volume rises to ₹49,000 crore in April-June quarter

Total number of originators in these securitisations, wherein a lender hands over future receivables on a single or a bunch of loans to a new entity usually on a discount, was around 90, Crisil report

Sebi to upgrade surveillance against derivatives manipulation: Chairman

Sebi chief Tuhin Kanta Pandey said the regulator is boosting its oversight days after banning US-based Jane Street for manipulating the Nifty Bank index

Equity capital market fees rise even as mobilisation dips in H12025

This rise came despite a 16 per cent drop in funds raised, with domestic ECM totalling $25.7 billion compared to a record $30.8 billion in H1 2024

HDB Financial Services jumps 13% on debut, valued at ₹69,704 crore

HDB Financial Services gains over 13 per cent on market debut with Rs 69,704 crore valuation after strong IPO demand, though RBI's stake cap proposal could weigh on outlook

Street signs: Nifty eyes 26K, demat flood breaks levee, HDB IPO fork

At the start of June, India's domestic markets were just 3 million dematerialised (demat) accounts short of the 200 million milestone

Safe Enterprises shares list at 9% premium on NSE SME, beat IPO GMP outlook

Safe Enterprises shares listed at ₹151 per share, reflecting a premium of ₹13 or 9.42 per cent over the issue price of ₹138 per share

Sebi proposes ED roles, new norms to strengthen governance at MIIs

The regulator has proposed appointing two executive directors to MII boards for regulatory compliance and operations, with defined roles distinct from the MD

Sambhv Steel raises ₹161 crore from anchor investors ahead of IPO launch

Sambhv Steel Tubes on Tuesday said it has mobilised Rs 161.25 crore from anchor investors, a day ahead of the launch of its initial share sale for public subscription. WhiteOak Capital Mutual Fund (MF), Motilal Oswal MF, Nuvama Asset Management, Astorne Capital VCC Arven, Citigroup Global Markets Mauritius, Nomura Singapore, Societe Generale, and BNP Paribas Financial Markets, among others have been allotted shares in the anchor round. According to a circular uploaded on BSE's website, Sambhv Steel allocated over 1.96 crore equity shares to 19 entities at Rs 82 per equity share, which is the upper end of the IPO price band. The Rs 540-crore initial public offering (IPO) will open for public subscription on June 25 and conclude on June 27. The price band has been set at Rs 77-82 per share for its issue. The IPO is a mix of fresh issue of equity shares valued at Rs 440 crore and an offer for sale (OFS) of shares worth Rs 100 crore by promoters. Proceeds from the fresh issue will be

Are high oil prices always bad for market sentiment? No, suggests data

Even with oil prices ruling at $110 and $108/bbl in FY13 and FY14 respectively, the Nifty 50 managed to post a gain of 7.3 per cent and 18 per cent in each of these two fiscal years

A stream of IPOs lined up, yet grey market premium barely ripples

Five listings seek ₹15,601 crore, but only one is making any serious waves

Strong project pipeline to ensure sales momentum for Prestige Estates

The launches in the last quarter and a strong outlook has resulted in the stock gaining 21 per over the last month and 42 per cent over three months

Siemens Energy: The power play that doesn't overload on valuations

Siemens Energy India offers a wide range of services and solutions to power generation utilities and IPPs