Page 37 - Nse

Wipro shareholders approve Rs 12,000 cr share buyback at Rs 445 apiece

IT company Wipro shareholders have approved a share buyback programme worth Rs 12,000 crore, according to a scrutinizer report released on stock exchanges on Monday. The Wipro board had approved the buyback of 26.96 crore equity shares at a price of Rs 445 apiece. According to the Scrutinizer's report on the special resolution by way of postal ballot and e-voting process, 99.9 per cent voted in favour of the share buyback resolution. "The Chairman noted the results of voting as stated above and it was declared and recorded that the special resolution as set out in the Notice of Postal Ballot dated April 27, 2023, was duly passed by the shareholders on June 01, 2023, with requisite majority," the report said. The e-voting period commenced at in the morning of May 3 and ended at 5 pm on June 1. The Board of Wipro had approved a proposal to buyback up to 26,96,62,921 equity shares, being 4.91 per cent of the total paid-up equity shares of the company for an aggregate amount not ...

Westlife Foodworld makes its debut on the National Stock Exchange

Westlife was previously only permitted to trade, but it is now listed on both the NSE and the BSE

Over half of NSE 500 stocks deliver 10x return in 20 years: Goldman Sachs

Some of the prominent Indian stocks that delivered over 10x total returns over a 5-year rolling period since 2000 include Westlife Foodworld, Bharti Airtel, Adani Total Gas, said the report

NSE, BSE to introduce surveillance mechanism for micro-small firms on Jun 5

To curb volatility in small-cap counters, leading stock exchanges BSE and NSE have put in place an enhanced surveillance mechanism for companies that have a market cap of less than Rs 500 crore. The Enhanced Surveillance Measure (ESM) will be effective from June 5. Sebi and exchanges in a joint meeting have decided to introduce ESM framework for "micro-small" companies (on the main board with market cap less than Rs 500 crore), the National Stock Exchange (NSE) and BSE said in two separate circulars on Friday. The parameters for shortlisting the securities under the ESM framework include high-low price variation and close-to-close price variation. Under the framework, the exchanges said, "... the trading for these securities will be settled through a trade for trade mechanism with a price band of 5 per cent or 2 per cent (if the scrip is already in the 2 per cent band)." "For securities in Stage II, the trading will be settled through a trade for trade mechanism with a price band

There is caution among retail investors, says Sharekhan's Gaurav Dua

The one-way rally in the broader market lasts for 17/18 months (on average) and is followed by a corrective phase of 18-24 months

ICICI Prudential Bluechip Fund: Consistent in outperformance and holdings

The fund's month-end assets under management increased to Rs 35,876 crore in April 2023, from Rs 21,765 crore in May 2020

Auto, metal, FMCG shares lift Sensex 119 pts up; Broader markets outshine

Stock Market Live updates on June 2, 2023: At 7:15 am, the SGX Nifty quoted 18,619 levels, up 55 points

BSE, NSE put NDTV securities under short-term ASM framework from Tuesday

Leading bourses BSE and NSE will put the securities of NDTV, an Adani Group company, under the short-term ASM framework from Tuesday. The parameters for shortlisting securities under ASM include high-low variation, client concentration, number of price band hits, close-to-close price variation and price-earning ratio. New Delhi Television Ltd (NDTV) is shortlisted in the short-term Additional Surveillance Measure (ASM) framework Stage-I effective from May 30, the National Stock Exchange (NSE) and BSE said in two separate circulars on Monday. The move came after both bourses had put the flagship firm of the conglomerate Adani Enterprises under the short-term ASM framework on May 25. Last week, BSE and NSE removed NDTV from the long-term ASM framework. On Monday, NDTV stock jumped 5 per cent on BSE and NSE. US short-seller Hindenburg Research in its January 24 report levelled allegations of fraud and stock manipulation against the Adani group. However, a Supreme Court-appointed pan

NSE to reduce time for trades in unlisted market as it awaits IPO

The bourse plans to process approvals for its unlisted shares within a week

Buy low, sell high and repeat: Timing is taking root in mutual funds

Inverse correlation between net equity MF inflows, market performance

Sebi sets up intermediary advisory panel to be led by former ED S Ravindran

The committee will advise the regulator on legal framework, transparency, and market safety-related matters

BSE, NSE put securities of Adani Enterprises under short-term ASM framework

Leading bourses BSE and NSE will put the securities of Adani Enterprises under the short-term ASM framework from Thursday. The parameters for shortlisting securities under ASM include high-low variation, client concentration, number of price band hits, close-to-close price variation and price-earning ratio. Adani Enterprises Ltd is shortlisted in short-term Additional Surveillance Measure (ASM) framework Stage-I effective from May 25, the National Stock Exchange (NSE) and the BSE said in two separate circulars on Wednesday. Under the short-term ASM, the exchanges said, "applicable rate of margin shall be 50 per cent or existing margin whichever is higher, subject to maximum rate of margin capped at 100 per cent, with effect from May 26, 2023 on all open positions as on May 25, 2023 and new positions created from May 26, 2023." In March, NSE and BSE removed Adani Enterprises from the short-term ASM framework. On Wednesday, Adani Enterprises stock tumbled 5.90 per cent on the BSE. I

BSE, NSE remove NDTV. Adani Group firm from ASM framework from Monday

Leading bourses BSE and NSE on Friday said that NDTV, an Adani Group company, will move out of the ASM framework from May 22. On March 17, both the bourses moved NDTV from the second to the first stage of the long-term Additional Surveillance Measure (ASM) framework. The stock is to be excluded from the ASM framework effective May 22, according to two separate circulars available on the BSE and NSE websites. Last week, both the exchanges had given an exit to three Adani Group stocks -- Adani Total Gas, Adani Transmission and Adani Green Energy -- from the ASM framework. US short-seller Hindenburg Research in its January 24 report levelled allegations of fraud and stock manipulation against the Adani group, however, the conglomerate has repeatedly denied all allegations.

SGX Nifty will be known as GIFT Nifty from July 3: National Stock Exchange

The National Stock Exchange (NSE) on Tuesday said that SGX Nifty will be known as GIFT Nifty from July 3 as all orders of Singapore Exchange will be completely transferred to NSE IFSC bourse for matching. The exchange said that regulatory approvals have already been obtained from the Monetary Authority of Singapore (MAS) and the International Financial Services Centres Authority (IFSCA). "From July 3 onwards, all SGX orders will be 100 per cent transferred to GIFT City, NSE IFSC exchange for matching...SGX Nifty will be called GIFT Nifty from July 3," an NSE spokesperson said. NSE IFSC, a wholly-owned subsidiary of NSE, is an exchange at International Financial Service Center (IFSC) in GIFT City, Gujarat. Singapore Exchange (SGX), last month, announced that NSE IFSC-SGX Connect at International Financial Service Center in GIFT City will become operational on July 3 after the transition of SGX Nifty derivatives to NSE IFSC. The move will enable investors to trade in ...

NSE net profit rises 31% YoY to Rs 2,067 crore in Jan-Mar quarter

The National Stock Exchange (NSE) on Monday reported a 31 per cent rise in consolidated net profit at Rs 2,067 crore for the three months ended March. In comparison, the exchange had posted a net profit of Rs 1,580 crore in the year-ago period, NSE said in a statement. The consolidated income from operations stood at Rs 3,453 crore for the fourth quarter of the last fiscal, up 31 per cent from the year-ago period. Apart from trading, the total revenue was also supported by other revenue lines, including listing, index services, data services and co-location facility, the exchange said. Also, NSE's board has recommended a dividend of Rs 80 per share for FY23. The final dividend would be subject to the approval of shareholders. During the quarter under review, NSE contributed Rs 203.45 crore to the Core Settlement Guarantee Fund (CSGF). The object of the Core SGF is to ensure that sufficient funds would be readily and unconditionally available to meet settlement obligations of a .

NSE launches WTI crude oil, natural gas futures contracts after Sebi's nod

The National Stock Exchange (NSE) on Monday launched rupee denominated futures contracts on underlying NYMEX WTI crude oil and natural gas in its commodity derivatives segment. This came after the exchange, in March, received approval from markets regulator Securities and Exchange Board of India (Sebi) to launch these contracts. The addition of these contracts has expanded NSE's product offering in the energy basket as well as its overall commodity segment. The launch of these contracts will provide effective trading and hedging opportunities to the market participants, with the availability of key energy products on a single trading platform. "It gives us immense pleasure to inform the market participants that NSE has launched the NYMEX WTI crude oil and natural gas futures contracts today," Sriram Krishnan, Chief Business Development Officer, NSE said. "With NSE Clearing Ltd providing settlement guarantee and ease of collateral fungibility across all NSE market segments, we hope

Sebi with BSE, NSE establishes an Investor Service Center in New Delhi

/ -- The ISC which is managed by BSE, was inaugurated by SEBI Whole Time Member Shri SK Mohanty on May 13, 2023, in the presence of Shri Amit Pradhan, Regional Director, Northern Region Office - SEBI, Chief Business Officer - BSE, Shri. Sameer Patil, Shri Khushro Bulsara - Head BSE Investors Protection Fund and other senior officials from SEBI, Stock Exchanges, Stockbrokers and Mutual Fund Distributors. This Centre will facilitate resolution of complaints of investors against all listed corporate entities and other registered intermediaries in the securities market and also facilitate conducting of investor awareness programs in the entire Northern Region.

BSE, NSE to remove 3 Adani Group stocks from ASM framework on Monday

Leading bourses BSE and NSE on Friday said that three Adani group companies -- Adani Total Gas, Adani Transmission and Adani Green Energy -- will move out of the ASM framework from May 15. On March 24, both the bourses had moved Adani Total Gas and Adani Transmission from second to the first stage of the long-term Additional Surveillance Measure (ASM) framework. Last month, the exchanges had also moved Adani Green Energy to first stage of long-term ASM framework. The stocks will be excluded from ASM framework effective May 15, according to two separate circulars available on the BSE and NSE websites. PC Jeweller is also another stock that was excluded from the ASM framework. On Thursday, MSCI announced that two Adani group companies -- Adani Total Gas and Adani Transmission -- will move out of the MSCI India Index with effect from May 31. MSCI Global Standard Index is widely used by global fund houses for benchmarking global equities portfolios. US short-seller Hindenburg Resear

NSE lifts lid on dabba trading, tippers, issues warnings to 24 platforms

Over the last year, NSE has been examining information or tips received about unauthorised or illegal activities such as collection of deposits assuring fixed or guaranteed returns

SC refuses to interfere with HC verdict granting bail to ex-Mumbai cop

The Supreme Court on Monday refused to interfere with the Delhi High Court verdict granting bail to former Mumbai Police Commissioner Sanjay Pandey in a money laundering case related to alleged illegal phone tapping and snooping of National Stock Exchange (NSE) employees. A bench of Justices S K Kaul and A Amanullah said the observations made by the high court in its December 8 last year judgement granting bail to Pandey will not have any effect during the trial in the case. The Enforcement Directorate (ED) had challenged the high court verdict before the apex court. Additional Solicitor General S V Raju, appearing for the ED, told the bench that the high court had done a "mini trial" while deciding the bail plea. "Let it be," the bench observed, adding that order granting bail to Pandey was six months old. Raju then requested for a direction that the observations made by the high court should not affect the trial in the case. "Needless to say that the observations made while gra