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,
The Nifty had slipped below the 8,000 mark on March 23 at the peak of the Covid-19 selloff. From there to 13,000 has barely taken 170 trading sessions, or eight months.
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Sebi has directed the NSE to divest its entire holding in CAMS. Once that happens, it remains to be seen if CAMS would later opt to list on the bigger exchange
Shares of Zee Entertainment Enterprises fell 3.7 per cent and that of Bharti Infratel ended flat. The two companies will be removed from the bluechip index
Experts say recovery will be faster than that after the 2008 Lehman crisis
The stock will be replaced by HDFC Life Insurance Company with effect from July 31. It will be replaced by SBI Cards in the Nifty 100 and Nifty 500 indices
The secondary placement of units in a price band of Rs 340-350 apiece is at a discount of 3.7-6.4 per cent to Tuesday's closing price of Rs 363.55 on the National Stock Exchange.
The proceeds will be utilised for funding of capital expenditure, refinancing of existing loans and other general corporate purposes, the company said in a regulatory filing
Torrent said a pledge of shares is a security interest in favour of lenders and can be enforced by sale of such shares in event of default
Last month, Sebi had directed the bourse to divest its entire stake in the registrar and transfer agent (RTA) within a year
Change effective March 27; NSE also moves Vodafone Idea, Indiabulls Housing Finance out of Nifty Next 50, brings in Torrent Pharma, Adani Transmission
The comments come within a month of NSE chief executive Vikram Limaye having said that the stock exchange intends to launch its initial public offering (IPO) by September