Page 40 - Nse

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

Sensex plunges 695 pts, Nifty below 18,100 as HDFC twins sink up to 6%

CLOSING BELL: HDFC and HDFC Bank accounted for a loss of 645 points on the BSE benchmark. Broader indices ended with relatively lesser losses of around 0.5 per cent each.

NSE warns investors against individuals running 'dabba trading' activities

The National Stock Exchange (NSE) on Tuesday cautioned investors against two persons running illegal dabba trading with guaranteed returns to investors. Dabba trading is an illegal form of trading in shares, where operators of such trading rings allow people to trade in equities outside the stock exchange platform. The cautionary statements came after NSE found that Suresh Jani and Vishnu Darak were providing dabba or illegal trading platforms with assured returns. In addition, the bourse noted that Darak was offering to handle the trading accounts of investors by asking investors to share their user ID and password. The bourse said that these persons are not registered either as a member or authorised persons of any registered member of the NSE. Also, the bourse said that a police complaint has already been filed in this regard. Cautioning investors, NSE asked them not to subscribe to any such scheme or product offered by any person providing illegal dabba trading activity in the

Stock markets: BSE, NSE to remain closed on account of Maharashtra Day

There will be no trading at the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) today

NSE warns investors against entities running dabba trading activities

The National Stock Exchange (NSE) on Friday cautioned investors against four persons running illegal dabba trading with guaranteed returns to investors. Dabba trading is an illegal form of trading in shares, where operators of such trading rings allow people to trade in equities outside the stock exchange platform. The cautionary statements came after NSE found that Jitu Bhai Marwadi, Sanjay Chaudhari, Sanjiv Raj, and Arav Waghmare were providing dabba or illegal trading platforms with assured returns. In addition, the bourse noted that Waghmare was offering to handle the trading accounts of investors by asking investors to share their user ID and password. The exchange said that these persons are not registered either as a member or authorised persons of any registered member of the NSE. Also, the exchange said that a police complaint has already been filed in this regard. Cautioning investors, NSE asked them not to subscribe to any such scheme or product offered by any person ..

NSE tweaks index inclusion rules for spun-off entities to reduce churn

The change will apply to any such spin-offs approved by shareholders of the parent companies on or after April 30, the NSE said in a circular late on Wednesday

NSE warns investors against guaranteed returns investment schemes

The National Stock Exchange (NSE) on Monday asked investors not to put their money in guaranteed returns investment schemes offered by three individuals. The advisory came after the exchange found that the three individuals -- Veena (associated with Algo Master), Ankita Mishra and Vishal -- were offering such schemes. In a statement, the bourse said that these persons are not registered either as members or authorised persons with any registered member of the NSE. Further, the exchange has asked investors not to share their trading credentials such as user ID and password with anyone. Cautioning investors, NSE asked investors "not to subscribe to any such scheme/ product offered by any person/entity offering indicative/assured/guaranteed returns in the stock market as the same is prohibited by law." "Participation in such prohibited schemes is at investors' own risk, cost and consequences as such schemes are neither approved nor endorsed by the exchange," the exchange said. For a

National Stock Exchange issues framework for appointing forensic auditor

The auditors will be required to submit the quotations within five working days

National Stock Exchange comes out with framework to appoint auditors

The National Stock Exchange (NSE) on Thursday put in place the framework for the selection and appointment of auditors for assignments relating to forensic audit of trading members. The decision has been taken to provide equal opportunity to all competent Sebi-empanelled forensic auditors, the exchange said in a statement. At present, the Securities and Exchange Board of India (Sebi) has empanelled CA firms or companies to take up assignments relating to forensic audits. The exchange conducts the forensic audit of the trading members, who are identified, based on serious violations or non-compliances observed during its inspections. Under the framework, the NSE would define the scope of the audit and timelines for completion, and invite quotations from the auditors who are empanelled with Sebi to conduct the forensic audit. After this, the auditors would submit their quotations to the exchange within five working days from the date of the communication by the exchange. Following

Active clients drop for ninth month but discount brokerages build dominance

With markets delivering lacklustre returns and cost of trading rising, investors have turned more cost conscious, say industry players

Street Signs: Market's winning streak, new-age tech-listed firms & more

Technical analysts expect the index to face immediate resistance at 17,900-18,000, which, if broken, could decisively take the index beyond 18,200