Page 38 - Nse

Nifty at 21,000 by Diwali? It's possible, say technical analysts

Thus far in calendar year 2023 (CY23), the S&P BSE Sensex and the Nifty 50 have seen a good run with both the indices surging nearly 10 per cent during this period

RBI's currency defence has likely extended to rupee futures: Traders

Its likely intervention in exchange-traded derivatives is reflected in the more-than-$1 bn jump in open interest on September USD/INR futures over the last three sessions on NSE

NSE-BSE IFSC units may file merger plea before NCLT by September-end

Insiders suggest the possibility of an all-share amalgamation of arch rivals

Sebi likely to implement one-hour settlement of trades by March 2024

Markets regulator Sebi will introduce one-hour trade settlements by the end of this fiscal, in the run up to making such processes instantaneous, a top official said on Tuesday. Amid concerns raised by certain foreign portfolio investors on the shortening of the settlement cycles citing forex-related worries, the official made it clear that faster settlements are optional and investors can opt out. Securities and Exchange Board of India (Sebi) has adopted a roadmap towards realising its aim of making trade settlements instantaneous, the official told reporters. "From one day to one hour to instantaneous is the roadmap," the official said, adding one hour settlements are much quicker to implement than instantaneous. The official said technology for one hour trade settlements already exists and the regulator is confident about the same, while the instantaneous settlements need more technology development. At present, Sebi is thinking of rolling out the one hour trade settlement for

NSE seeks an extension of six months from Sebi to pare NSDL stake

Timeline to comply with Sebi regulations ends on October 2

Mcap of seven of top 10 firms falls Rs 62,279 cr; Reliance biggest laggard

The combined market valuation of seven of the top 10 valued firms eroded by Rs 62,279.74 crore last week, with Reliance Industries taking the biggest hit. While Reliance Industries, Tata Consultancy Services (TCS), ICICI Bank, Hindustan Unilever, ITC, State Bank of India and Bharti Airtel were the laggards from the top 10 pack, HDFC Bank, Infosys and Bajaj Finance were the gainers. The market valuation of Reliance Industries fell by Rs 38,495.79 crore to Rs 16,32,577.99 crore. Hindustan Unilever's valuation tumbled Rs 14,649.7 crore to Rs 5,88,572.61 crore and that of Bharti Airtel declined by Rs 4,194.49 crore to Rs 4,84,267.42 crore. The market capitalisation (mcap) of ITC went lower by Rs 3,037.83 crore to Rs 5,50,214.07 crore and that of ICICI Bank dipped Rs 898.8 crore to Rs 6,78,368.37 crore. The mcap of TCS diminished by Rs 512.27 crore to Rs 12,36,466.64 crore and that of State Bank of India dropped by Rs 490.86 crore to Rs 5,08,435.14 crore. However, the valuation of HDF

Verlinvest Asia pared 12.56% stake in Sula Vineyards for Rs 513 cr

Investment company Verlinvest Asia Pte Ltd on Thursday divested a 12.56 per cent stake in wine producer Sula Vineyards for Rs 513 crore through an open market transaction. Following the stake sale, shares of Sula Vineyards declined 3.62 per cent to close at Rs 490.30 apiece on the NSE. According to the bulk deal data available with the NSE, Verlinvest Asia Pte offloaded a total of 1.06 crore shares, amounting to a 12.56 per cent stake in Sula Vineyards. The shares were sold at Rs 484.13 per piece, taking the transaction size to Rs 513.17 crore. After the transaction, Verlinvest Asia Pte Ltd's shareholding fell to 6.08 per cent from 18.64 per cent stake, shareholding data showed with the exchange. Meanwhile, HDFC Mutual Fund, Ghisallo Master Fund LP, Morgan Stanley Asia Singapore Pte, Societe Generale acquired a total of 59.58 lakh shares of Sula Vineyards at Rs 484 per piece. This took the deal value to Rs 288.39 crore.

Gokaldas Exports shares settle 18% higher; hit 52-week high for 2nd day

Extending its rally for the second straight session, shares of Gokaldas Exports on Wednesday settled more than 18 per cent higher a day after the company said it has entered into an agreement through its wholly-owned subsidiaries to acquire UAE-based Atraco Group. The stock of the company opened on a bullish note at Rs 780, then gained further ground and rallied 18.68 per cent to close at Rs 873.85 apiece on the BSE. On the NSE, it zoomed 14.78 per cent to end at Rs 844 per share. During the day, it touched a 52-week high of Rs 883.55 and 882.40 per piece on the BSE and NSE, respectively, for the second consecutive day. On the volume front, 8.46 lakh shares were traded on the BSE, while more than 1.21 crore shares were traded on the NSE, during the day. The company commanded a market valuation of Rs 5,300.03 crore on the BSE. The 30-share BSE Sensex and Nifty closed on a flat note at 65,087.25 and 19,347.45 points, respectively. On Tuesday, Readymade garment manufacturer and exp

Digikore Studios files draft papers with NSE Emerge for IPO plans

Visual effects (VFX) studio Digikore Studios Ltd on Tuesday said it plans to enter the primary market with an initial public offering (IPO). Digikore has filed draft papers with the NSE's SME segment Emerge for floating an IPO, according to a statement issued by the company. The proposed IPO comprises a fresh issue of 12.6 lakh equity shares and an Offer For Sale (OFS) of 5.21 lakh equity shares. Proceeds from the fresh issue will be used to further enhance the company's operations, expand its capabilities, and drive its growth trajectory, the statement said. Besides, Digikore has successfully concluded its pre-IPO funding round, it said, adding that Sarthi Capital Advisors Pvt Ltd has been appointed as the book-running lead manager to the offer. Founded in 2000 by Abhishek More, Digikore Studios is among a select few VFX studios in the country to have worked on over 200 Hollywood films and TV series, including 'Thor: Love and Thunder', 'Black Panther: Wakanda Forever', 'Deadpool'

BSE, NSE fines Rs 2 lakh each on Adani Green Energy for non-compliance

Adani Green Energy on Tuesday said BSE and National Stock Exchange have imposed a fine of Rs 2.24 lakh each on the company for certain non-compliance. The fines have been imposed "for non-compliance with the requirements pertaining to the composition of the Board, including failure to appoint a woman director", the company stated in an exchange filing. "BSE Ltd and the National Stock Exchange of India Ltd have, vide their letter dated August 21, 2023 (received by us at 8.00 pm and 9.00 pm, respectively), imposed a fine of Rs. 2,24,200 each on the Company...for certain non-compliance," the filing said. Adani Green Energy said that the non-compliance has occurred due to untimely demise of a women director and the exit of an independent director. Since then, the company has been running an extensive process of identifying potential independent directors who can fill these vacancies and is in advanced stage of discussions / finalisation. The company remains committed to ensuring optim

BSE, NSE impose fines on DTH operator Dish TV over lack of board strength

Leading bourses BSE and National Stock Exchange have imposed penalties on DTH operator Dish TV over composition and lack of quorum for its Board meeting, according to a regulatory filing by the company. The company which is facing a prolonged tussle between the Subhash Chandra-led promoter family and its earlier largest shareholder Yes Bank Ltd (YBL), said the fines amount to Rs 2.75 lakh. The company has received the notices, imposing fines on August 21, 2023, said Dish TV in a regulatory filing on Tuesday adding "it will be making the payment of the fines and shall also be submitting waiver applications with the Stock Exchanges". "The fines have been imposed on the Company for non-compliance of Regulation 17(1) and 17 (2A) of Listing Regulations, pertaining to the composition of the Board and quorum of Board meeting, for the quarter ended June 30, 2023," it said. The non-compliance in respect to the reduction in the board strength was primarily on account of non-approval of ...

NSE announces five additions, deletions each to Nifty Next 50 Index

CHOP & CHANGE: Potential Rs 2,100 crore one-way churn on stock performance of 10 companies

Authum Investment picks up 1.9% stake in DB Realty for Rs 100 crore

Authum Investment and Infrastructure Ltd on Thursday picked up a 1.9 per cent stake in real estate developer DB Realty for Rs 100 crore through open market transactions. Following the stake purchase by Authum, DB Realty shares zoomed 11.84 per cent to close at Rs 135.10 apiece on the NSE and bounced 11.11 per cent to settle at Rs 134.45 per share on the BSE. According to the bulk deal data available with the BSE and NSE, Authum Investment and Infrastructure bought 40 lakh shares each on both the bourses in four tranches, amounting to a 1.9 per cent stake in DB Realty. The shares were acquired in the range of Rs 123-127 apiece on the NSE and BSE, taking the combined transaction value to Rs 100 crore. Meanwhile, two individuals -- Abhay Shyamsunder Chandak and Aditya S Chandak -- offloaded a total of 80 lakh shares of DB Realty on NSE and BSE at the same price. Authum Investment and Infrastructure Ltd is a BSE-listed and registered NBFC in the business of investment in shares and ..

Entity offloads Ujjivan Financial Services shares for Rs 148 crore

Newquest Asia Investments II on Monday offloaded shares of Ujjivan Financial Services for Rs 148 crore through an open market transaction. According to the bulk deal data available with the NSE, Newquest Asia Investments II Ltd disposed of 30 lakh shares of Ujjivan Financial Services. The shares were sold at an average price of Rs 495.19 apiece, taking the aggregate transaction value to Rs 148.56 crore. Meanwhile, Abakkus Emerging Opportunities Fund-1 acquired 11.50 lakh shares and BNP Paribas Arbitrage bought more than 6.79 lakh shares of Ujjivan Financial Services. The shares were bought in the range of Rs 495-495.15 per share, taking the combined transaction value to Rs 90.56 crore. On Monday, shares of Ujjivan Financial Services fell 1.63 per cent to close at Rs 498.95 apiece on the NSE.

Sebi proposes alternate mechanism to delist shares from stock exchanges

In addition, SEBI suggested a framework for companies that have shares held by investment-holding companies

Dark fibre case: SAT quashes Sebi's order on NSE and ex-officials

The tribunal concluded that no preferential treatment was granted and there was no intentional negligence on the part of the NSE by waiving physical inspection of the office site of Way2Wealth

NSE cautions investors against their money in any assured returns scheme

The National Stock Exchange on Wednesday cautioned investors against putting their money in any assured returns scheme offered by four individuals. The four individuals are Amit Mishra and Shivam Chauhan associated with Go Algo, and Kajal Patel and Alpesh Patel associated with KK Advisories. They (Amit, Shivam, Kajal and Alpesh) were providing securities market tips for trading and assuring returns on investment in the stock market and also offering to handle the trading account of investors by asking them to share their credentials, NSE said in two separate statements. According to statements, these persons are not registered either as a member or authorised persons of any registered member of the bourse. Cautioning the investors, the exchange asked them not to subscribe to any such scheme or product offered by any person or entity offering guaranteed returns in the stock market as the same is prohibited by the law. The exchange has also provided a facility to investors of ...

Sebi categorises dues worth Rs 73,287 crore as 'difficult to recover'

Capital markets regulator Sebi has segregated dues to the tune of Rs 73,287 crore under "difficult to recover" category at the end of March 2023. Overall, the markets watchdog has dues worth Rs 1.02 lakh crore that needs to be recovered from entities, including those that failed to pay the fine imposed on them, or were unable to pay fees due to it and did not comply with its direction to refund investors' money, according to Sebi's annual report for 2022-23, which was released on Monday. Of Rs 1.02 lakh crore, Rs 63,206 crore, which is 62 per cent of the total amount, pertains to collective investment scheme and deemed public issues of PACL Ltd and Sahara Group company Sahara India Commercial Corporation Ltd. Further, the regulator said parallel proceedings are pending before various courts and court-appointed committees in 77 cases involving Rs 70,482.62 crore, or 69 per cent of the total amount. "In these cases, Sebi's recovery proceedings are subject to directions/approvals of .

Equity markets settle higher for 2nd day, unfazed by global trends

The 30-share BSE Sensex climbed 232.23 points or 0.35 per cent to settle at 65,953.48. During the day, it jumped 346.65 points or 0.52 per cent to 66,067.90

NSE, BSE clarify on ODR platform rollout; say due process followed

Leading stock exchanges BSE and NSE on Monday said that due process has been followed in rolling out the Online Dispute Resolution (ODR) platform. A joint statement came after certain reports in the media raised issues relating to the Online Dispute Resolution mechanism rolled out recently in the securities market. Clarifying the process adopted in the implementation of the ODR mechanism, the exchanges said that MIIs (market infrastructure institutions) followed the due process for the selection of vendors, which included formulating the scope for development of the ODR Portal, seeking proposals from multiple entities and final selection based on technical and commercial dimensions. The exchanges, further, said that capital markets regulator Sebi did not play any role in this process of vendor selection. A working group was formed comprising exchanges, depositories, ODR institutions, and Agami, a non-profit company, to formulate and operationalise the ODR mechanism following the .