National Stock Exchange (NSE) has directed its members, including stockbrokers, to discontinue the sale of digital gold on their platforms by September 10. The direction came after capital markets regulator Sebi said that certain members are providing a platform to their clients for buying and selling digital gold. Securities and Exchange Board of India (Sebi), through a letter dated August 3, informed the exchange that the said activity is in contravention of Securities Contracts (Regulation) Rules (SCRR), 1957, and the members should refrain from undertaking any such activities. The SCRR rules restrict all members from engaging, either as principal or employee, in any business, other than that of securities or commodity derivatives, except as a broker or agent, not involving any personal financial liability. Accordingly, NSE directed members not to carry out such activity and comply with the regulatory requirements at all times. "Members, currently engaging in the activity, shal
Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts will be included in the Nifty indices from September 30, according to new eligibility criteria announced by the NSE
The elephant in Indian banking has already become nimble-footed. Its new boss, Dinesh Khara, needs to choreograph the steps for its dance
'Vanishing companies' served notices for flouting norms, but promoters didn't respond
As per Sebi guidelines, exchanges have to conduct live trading sessions from their DR site for at least two consecutive days every six months
Index closes at 15,338, surpassing previous record of 15,315
Index just 14 points shy of lifetime high
The tribunal allows the exchange to use Rs 6,000 cr parked in an escrow
At present, the world's biggest stock exchange in terms of market cap is the Hong Kong Exchanges and Clearing, valued at$75.6 billion, followed by American bourse CME Group, valued at $74 billion
Asks intermediaries to stagger the offerings as much as possible
Here's a selection of Business Standard opinion pieces for the day
The outage caused a serious embarrassment, not only for the NSE but also for the Securities and Exchange Board of India (Sebi) and the government of India
The committee after a detailed examination would send its findings and recommendations to whole-time member Madbhi Puri Buch, to decide the future course of action, said two people in the know
In 1992, when the NSE was conceived, the idea was to offer strong competition to the unruly BSE. The situation has long reversed
It said trading could have continued as there was an issue only with two spot indices. Reasons for not activating the recovery site after 45 minutes of the outage also remained unknown
In Jan, Sebi floated a discussion paper proposing to ease ownership norms for new exchanges
Stock exchanges should be better prepared
Often the causes are software glitches, hardware failures and internet connectivity problems
"The shares got listed at Rs 90.90 on NSE and Rs 91.60 on BSE," SMC Global Securities said in a release
The National Stock Exchange (NSE) on Tuesday announced changes in index maintenance guidelines, criteria and methodology. From March 31, there will be changes to revision in the index reconstitution date, stock capping, quarterly rebalancing of shares and investible weight factors, and calculation of Price to Earnings (P/E) ratio for indices. There will also be changes to calculation of dividend yield per cent for indices. According to a release, the replacement of stocks resulting from periodic index reconstitution will be implemented from the last working day (beginning of day) of March, June, September and December. This will also depend on the review frequency as may be applicable for each index. "In case of capped indices, capping of stocks will be implemented from the last working day of March, June, September and December by taking into account closing prices as on T-3 basis, where T day is last working day of March, June, September and December," the release said. Further,