Page 524 - Markets

Sebi bans Proficient Research, its partners from markets for 4 years

Markets regulator Sebi on Monday restrained Proficient Research and its partners from accessing capital markets for four years for engaging in investment advisory services without obtaining requisite registration. Such certification is mandatory under Investment Advisers Regulations, 2013. Partners of partnership firm Proficient Research were Vidhi Singh Parihar, Mohd. Sohail Khan and Altamash Sheikh. No directions have been passed against Khan since he was a partner for only two months and then resigned with effect from September 1, 2014. Proficient Research had collected approximately Rs 48 lakh in the name of advisory fees during July 2014 to November 2016. Sebi has directed the firm, Vidhi Singh Parihar and Altamash Sheikh to refund the money received from the clients/investors, as fees or consideration or in any other form, in respect of their unregistered investment advisory activities carried out in the name of Proficient Research, within three months. Sebi further said th

Healthy global demand to keep UPL's sales growth trajectory strong

Despite rising debt, margin pressures, the company has maintained its FY22 guidance

Fag-end buying in IT, banks lifts Sensex 831 pts at 60,138, Nifty at 17,930

The broader markets also logged strong gains, with the Midcap index up 1.8 per cent and the Smallcap index adding up 1.1 per cent

SAIL surges 13% on best-ever quarterly profit of Rs 4,304 crore in Q2

The company has announced interim dividend of Rs 4 per equity share or 40 per cent of the paid up equity share capital of the Company

Insurance companies apply big in Policy Bazaar's Rs 5,600 crore IPO

A total of 26.2 million shares have been allocated to over 150 funds at Rs 980 per share

Centre invites applications for Sebi chair post to succeed Ajay Tyagi

Chairman Ajay Tyagi's tenure ends on Feb 28

Banks, IT drag Sensex 678 pts down, Nifty gives up 17,700; IRCTC falls 8%

The BSE Sensex has now shed 5 per cent (2,938 points) from its recent peak of 62,245. The Nifty has declined 3.8 per cent (677 points) in the last two weeks.

Dr Reddys Labs gains 7% as profit grows 30% YoY in Q2, margins expand

Dr Reddy's global generic business grew 19 per cent YoY to Rs 4,743 crore driven by covid portfolio, new product launches and base business volume traction across key markets.

Canara Bank stock surges 10%, hits 21-month high in a subdued market

Ace investor Rakesh Radheshyam Jhunjhunwala held 29.10 million equity shares or 1.6 per cent stake in Canara Bank as on September 30, 2021.

SBI Balanced Advantage Fund AUM crosses Rs 20,000 cr-mark

The Balanced Advantage Fund (BAF) raised Rs 14,676 crore through its new fund offering (NFO) in August

Investors lose Rs 4.82 trn as Sensex falls 1,159 pts; many stocks suffer

Banking, FMCG and energy shares came under heavy selling pressure

Sharpest stock slump in six months: Factors that caused markets to crash

The S&P BSE Sensex slid 1.9% in its biggest loss since April 30

Market Wrap Podcast, Oct 28: Here's all that happened in the markets today

Souring the sentiment was a fresh downgrade of Indian equities by another global brokerage. Morgan Stanley has become the latest foreign brokerage - after Nomura and UBS - to downgrade Indian equities

Sensex tanks 1,159pts on broad-based sell-off; Nifty ends below 17,900

Financials led by PSU banks, realty, metal and FMCG shares where the major losers in trade. All NSE sectoral indices ended with losses of more than a per cent

Paytm IPO price band set at Rs 2,080-2,150; subscription to open on Nov 8

Paytm plans to raise Rs 18,300 crore from the IPO

ITC dips 5% post Q2 results; stock corrects 15% from 52-week high

A stable taxation policy remains key to sustaining steady growth for cigarette recovery ahead, analysts said

Torrent Power surges 7%, nears record high on robust performance in Q2

The company enjoys a strong balance sheet position with some of the best financial ratios amongst private players in the power sector with debt: equity ratio of 0.69 as at Q2FY22

IRCTC rallies 15% as scrip turns ex-stock split in 1:5

IRCTC has fixed Friday, October 29, as the record date to ascertain the name of shareholders entitled to the split of equity shares of Rs 10 each into five equity shares at a face value of Rs 2 each

Stocks to Watch: Bajaj Finserv, NTPC, L&T, Titan, ITC, PNB, IRCTC, SBI Card

Apart from earnings candidates, auto and telecom stocks could be in focus on reports of chip shortage likely to linger for a longer period

Sebi fines two individuals for not complying with summons in Videocon case

Sebi conducted an investigation between April 2017-September 2017 in the scrip of Videocon Industries for the possibility of insider trading and volume manipulation by certain entities