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Incorrect details of brokerage collateral invites scrutiny from NSE

Includes uploading of multiple files with same data, undisclosed granular numbers, and not reporting client data

Gift Nifty derivatives hits record single-day turnover of $8.5 billion

The erstwhile SGX Nifty contracts, which were being traded at the Singapore Exchange (SGX), have been transitioned to India's maiden International Financial Services Centre-GIFT City

ONDC academy to provide info to sellers, network participants on e-com

Government's initiative Open Network for Digital Commerce has collaborated with a subsidiary of the National Stock Exchange to launch an academy to provide information to sellers and network participants about simple ways to conduct e-commerce business. In the current phase, the ONDC Academy will provide learning content in text and video formats to sellers about managing their operations effectively on the Open Network for Digital Commerce (ONDC), Joint Secretary in the Department for Promotion of Industry and Internal Trade (DPIIT) Sanjiv said. Citing an example, he said a villager without any knowledge of e-commerce can learn how to make a seller app (without technical know-how) with a technology service provider to aggregate all sellers from a nearby marketplace to make these products available online. The academy was launched by ONDC in collaboration with NSE Academy Ltd, a subsidiary of the National Stock Exchange. Each of the steps in the onboarding process and associated ..

Exchanges revise enhanced surveillance measures for micro small cap cos

Leading stock exchanges BSE and NSE have relaxed enhanced surveillance measures (ESM) framework for micro small cap companies that have a market cap of less than Rs 500 crore. This came over a month after rules were put in place by the bourses to curb volatility in the counters of such firms. The new framework would be applicable from July 24, according to circulars issued by the exchanges on Tuesday. Earlier, the stocks under ESM Stage-II were permitted to trade only once a week under the periodic call auction. Now, this has been revised to all trading days. "Trading permitted with +/- 2 per cent price band on all trading days under periodic call auction," the exchanges said. However, the norms of 100 per cent margin and trade-for-trade settlement remain unchanged. Besides, rules remain unchanged for stocks that remain under ESM Stage-I. "In joint discussion of exchanges and Sebi, the current surveillance actions under the ESM framework were reviewed," the circulars noted. The

Netweb Technologies IPO subscribed 9.14 times on second day: NSE data

The Initial Public Offering (IPO) of Netweb Technologies was subscribed 9.14 times on Tuesday, the second day of the offer. The Rs 631 crore-initial share sale received bids for 8,09,39,130 shares against 88,58,630 shares on offer, according to NSE data. The category for non-institutional investors was subscribed 18.09 times while the portion for retail individual investors got subscribed 8.77 times and qualified institutional buyers quota was subscribed 2.66 times. The IPO was subscribed 2.33 times on the first day on Monday. The three-day IPO has a fresh issue of up to Rs 206 crore and an offer for sale of up to 85 lakh equity shares. The price band has been fixed at Rs 475-500 per share. On Friday, the homegrown server maker said it has collected Rs 189 crore from anchor investors. Proceeds of the fresh issue to the tune of Rs 32.77 crore will be used to fund capital expenditure, Rs 128.02 crore to support long-term working capital, and Rs 22.5 crore for debt payment, besides

NSE to hold special pre-open session for RIL on July 20 amid its demerger

The National Stock Exchange (NSE) will conduct a special pre-open session for Reliance Industries Ltd on July 20 on account of the demerger of its financial services business Reliance Strategic Investments Ltd. The spun-off entity Reliance Strategic Investments Ltd (RSIL) will be renamed as Jio Financial Services (JFSL). The demerged company can be retained in the Nifty index if the special session will be conducted by the exchange as per the new methodology. Following the demerger, Reliance Industries would continue to be part of Nifty Indices. Besides, the spun-off entity will be included in several Nifty indices, including Nifty 50, Nifty 100, Nifty 200, and Nifty 500 from July 20, NSE Indices said in a statement on Monday. For at least three days from July 20 onwards, there will be 51 stocks available for trading on the Nifty 50 as the demerged entity will be part of the index. "In accordance with the index methodology, spun off entity (Jio Financial Services) shall be includ

Netweb Technologies IPO subscribed 2.33 times on Day 1 of offer on Monday

The initial public offering of Netweb Technologies was subscribed 2.33 times on the first day of the offer on Monday. The three-day Rs 631-crore initial share sale received bids for 2,06,05,860 shares against 88,58,630 on offer, according to NSE data. The non-institutional investors' category received 3.61 times subscription while the retail individual investors (RIIs) portion was subscribed three times. The Qualified Institutional Buyers (QIBs) portion was subscribed 3 per cent. The initial public offering (IPO) has a fresh issue of up to Rs 206 crore and an offer for sale of up to 85,00,000 equity shares. The price range for the offer is Rs 475-500 a share. Homegrown server maker Netweb Technologies had on Friday said it has collected Rs 189 crore from anchor investors. Proceeds of the fresh issue to the tune of Rs 32.77 crore will be used to fund capital expenditure, Rs 128.02 crore to support long-term working capital, and Rs 22.5 crore for debt payment, besides general corpo

SAT sets aside Sebi AO order in NSE colo matter, sees nothing new in it

Tribunal was comparing latest order with previous one for which it issued directions in Jan; quashes fine imposed by Sebi officer, says same violation cannot suffer two penalties

NSE imposes penalty of Rs 1.67 cr on Angel One for flouting norms

Brokerage house Angel One Ltd has said National Stock Exchange (NSE) has barred it from onboarding new authorised persons (APs) for six months and imposed a Rs 1.67 crore penalty for flouting norms. Reacting to this, shares of Angel One plunged more than seven per cent in intra-day trade. The Member and Core Settlement Guarantee Fund Committee of NSE passed an order on July 14 against the broking company for an alleged failure to monitor the operations of its APs, Angel One said in a regulatory filing to the stock exchanges on Saturday. By doing so, it allegedly flouted the capital market segment rules and Futures and Options segment norms of the NSE. As per the order, a monetary penalty of Rs 1.67 crore has been levied on the broking company. In addition, it has prohibited "from onboarding new APs for a period of 6 months". Authorised person means any -- individual, partnership firm OR LLP -- who is appointed as such by a stockbroker and who provides access to the trading platfor

$590 bn rally since March faces earning reports, retail pull back tests

Key gauges in India hit records in July on bets that Asia's third-biggest economy will stage a strong recovery even with elevated policy rates

Fresh attempt made at settling NSE's TAP regulatory investigation

Bourse, employees filed fresh application with Sebi in May: NSDL disclosure

$7.5 bn SGX-traded futures has tepid start after shifting to India

The average number of open contracts for NSE International Exchange's key product GIFT Nifty was 32,934 in the week to July 7, according to data compiled by Bloomberg

Sebi seeks explanation from NSE over misuse of its TAP platform: Report

In 2013, some high-frequency traders manipulated the platform to execute 'thousands of orders' without being detected and crowding out other users

Hi-Green Carbon files draft papers for IPO; to list on NSE Emerge

Hi-Green Carbon on Wednesday said it has filed preliminary papers for an initial public offering. The shares will be listed on NSE Emerge, a platform for small and medium enterprises. The Gujarat-based firm, which is into recycling of waste tyres, plans to offer up to 76 lakh equity shares with a face value of Rs 10 each through the book-building process. In the Initial Public Offering (IPO), there will be a fresh issue of 60 lakh shares and 16 lakh shares will be offloaded through the offer for sale route by the promoter group, it said in a statement. Proceeds from the public issue will be utilised to set up a new facility in Dhule district of Maharashtra, with a recycling capacity of 100 MT waste tyres per day. The proceeds will also be utilised for working capital requirements and other general corporate purposes. The company has appointed Beeline Capital Advisors as book running lead manager to the issue. Hi-Green Carbon is the flagship company of Rajkot-based Radhe Group of

Tech glitch: HMA Agro Industries starts trading before 10 am on the NSE

The stock price was fluctuating before 10 am and at 9:55 am, the stock touched Rs 632, while the indicative opening price was Rs 625 on the NSE; at 10 am, the stock touched Rs 664

BSE board to consider buyback of shares on July 6, stock surges 7%

Leading stock exchange BSE on Monday announced that its board will meet on July 6 to consider a proposal on the buyback of shares. Following the announcement, shares of BSE rose 7 per cent in intra-day trade to Rs 651.65 apiece on the National Stock Exchange (NSE). In a regulatory filing to the NSE, Asia's oldest bourse said, "meeting of the board of directors is scheduled to be held on Thursday, July 6, 2023, to inter alia, consider and approve proposal for Buy back of fully paid equity shares of the company". Under a share buyback or repurchase, a firm buys back its own shares from investors or shareholders. The purpose of the buyback is price stability and ensuring investor confidence in the stock. Earlier in 2018, BSE repurchased over 20 lakh shares for nearly Rs 166 crore under its buyback programme.

NSE explores carbon credit market, introducing electricity derivatives

The National Stock Exchange is exploring opportunities in electricity derivatives and the voluntary carbon credit (VCC) market to deepen its product portfolio as part of its transformation into a multi-asset stock exchange. The world's largest derivatives stock exchange also plans to introduce derivative contracts based on the indices of the corporate bond index and government bond index, subject to clearance from regulators. "We are evaluating the voluntary carbon credits market. There are only two markets at this time. There are about 26 million voluntary carbon credits available in India as of today, which can be monetised," NSE Chief Business Development Officer Sriram Krishnan told PTI. He was in the city to participate in the Eureka Stock Broking organised Financial Conclave. "We need to figure out how to build a market for these VCCs so that they can find their values. You need to monetise them, and of course, we also need to create a healthy market going forward, because In

Drone maker ideaforge Technology IPO subscribed whopping 106 times

Drone maker ideaforge Technology's initial public offer was subscribed whopping 106.05 times on the closing day of subscription on Friday, helped by huge participation from investors. The Rs 567.24-crore initial share sale received bids for 49,30,29,570 shares against 46,48,870 shares on offer, as per NSE data. The Qualified Institutional Buyers (QIBs) category was subscribed a huge 125.81 times. The portion for Retail Individual Investors (RIIs) fetched 85.16 times subscriptions and the non-institutional investors part got subscribed 80.58 times. The Initial Public Offer (IPO) has a fresh issue aggregating up to Rs 240 crore and an offer for sale of up to 48,69,712 equity shares. The price range for the offer was Rs 638-672 a share. Of the total proceeds from the fresh issuance, Rs 50 crore will be utilised for debt payment, Rs 135 crore towards funding the working capital gap, Rs 40 crore for investment in product development and the remaining amount for general corporate ...

Hospitality firm PKH Ventures IPO subscribed 6% on day 1 of offer

The initial share sale of construction and hospitality firm PKH Ventures got subscribed 6 per cent on the first day of subscription on Friday. The IPO received bids for 15,59,400 shares against 2,56,32,000 shares on offer, according to NSE data. The category for Retail Individual Investors (RIIs) received 13 per cent subscription while the portion for non institutional investors got subscribed 10 per cent. The public issue of up to 2,56,32,000 equity shares of face value of Rs 5 each has a fresh issue of up to 1,82,58,400 shares and an Offer for Sale (OFS) of up to 73,73,600 shares by its promoter, Pravin Kumar Agarwal. The company through its IPO will fetch Rs 358.85 crore and Rs 379.35 crore at the lower and the upper ends of the price band, respectively. Price range for the offer is Rs 140-148 a share. The initial public offering (IPO) will conclude on July 4. The Mumbai-based company has three business verticals -- construction and management, hospitality, and management ...

Stock market holiday: NSE, BSE to remain shut today on account of Bakri Eid

Stock market holiday was changed from June 28 to June 29 after the Maharashtra government issued an order, postponing the data of the Bakri Eid holiday in the state