Page 3 - Stock Exchange

Sebi asks exchanges, market infra institutions to ensure minimal data loss

Markets regulator Sebi on Thursday asked stock exchanges and other market infrastructure institutions (MIIs) to ensure that the Recovery Point Objective (RPO) -- the maximum period for which data loss is tolerable due to a technical glitch or disruptions -- is near zero. In market parlance, a recovery point objective (RPO) of near zero means that an institution should aim for almost 100 per cent availability of their data and applications. Further, MIIs need to have a documented methodology for data reconciliation when resuming operations from Disaster Recovery Site (DRS) or any other site as applicable, Sebi said in a circular. Additionally, Sebi has asked MIIs -- stock exchanges, clearing corporations and depositories- to collaborate in developing a standardized definition of 'near zero data loss' and submit the same to it after taking approval from their respective Standing Committee on Technology. In addition to a Disaster Recovery Site, all stock exchanges, clearing ...

NYSE, Nasdaq increase scrutiny of Chinese firms amid volatility concerns

Investment bankers, lawyers and professional services companies on the matter said that the Nasdaq had been focusing on the identity and background of investors

No NOC request from NSE for IPO, says Sebi; requests HC to dismiss plea

Replying to a writ petition, it says delay not on the regulator's part

Asia stocks dip as geopolitical uncertainty adds headwinds fro investors

MSCI's broadest index of Asia-Pacific shares outside Japan slid 0.1 per cent and was headed for its worst week in over a month with a 2.4 per cent loss

Market regulator Sebi directs exchanges, other MIIs to levy same fees

Move aimed at providing fair access, fee to all clients

Small investors should avoid getting into derivatives: NSE MD & CEO

NSE's MD & CEO suggests proposed rules will prevent potential malpractices by ensuring that only sufficiently liquid companies are included in the F&O segment

Travel portal ixigo's parent looking to raise up to Rs 740 cr via IPO

Le Travenues Technology Ltd, which operates travel booking platform ixigo, is looking to raise up to Rs 740 crore through its initial share-sale opening for public subscription on June 10. The issue, with a price band of Rs 88 to Rs 93 per share, will conclude on June 12 and bids for anchor investors will open for a day on June 7, the company announced. The Gurugram-based company's Initial Public Offering (IPO) is a combination of fresh issue of equity shares worth Rs 120 crore and an Offer For Sale (OFS) of 6.66 crore equity shares to the tune of Rs 620 crore, at the upper end of the price band, by existing shareholders. This translates into public issue size of Rs 740 crore. Under the OFS, SAIF Partners India IV Ltd, Peak XV Partners Investments V (formerly known as SCI Investments V), Micromax Informatics Ltd, Placid Holdings, Catalyst Trusteeship Ltd, Madison India Capital HC, Aloke Bajpai and Rajnish Kumar will be selling shares. Proceeds worth Rs 45 crore from the fresh issue

Wall Street moves to fastest settlement of trades with T+1 system

Two big, immediate tests also loom for the T+1 system: First, Wednesday's so-called double settlement day, where T+2 trades from Friday come due at the same time as Tuesday's T+1 transactions

CII-IGBC expects surge in private capex, FDI after Lok Sabha polls

It says top priority for new govt should be to strike balance between economic growth and environmental sustainability

Japan's equity renaissance

The Japan story is still in its early days. But the lesson it holds is that companies, regulators, and the broader market micro-system all need to continuously evolve

NSE IX gets SEC class relief; permits US clients to trade on equity index

NSE International Exchange (NSE IX) has received US Securities Exchange Commission (SEC) class relief, allowing US clients to participate in trading Equity Index Option Contracts on the bourse, according to a statement. The class relief allows NSE IX members to get acquainted with equity indices at NSE IX through activities with approved broker-dealers and financial institutions in the US. Also, this class relief permits eligible broker-dealers and large financial institutions based in the US to trade on these index derivatives options contracts through NSE IX members, subject to compliance with the applicable laws, the bourse said in the statement on Friday. NSE IX is an International multi-assets exchange set up at GIFT City in June 2017 and recognised by the International Financial Services Centre Authority (IFSCA). Earlier in November 2020, it became the first International Exchange in Gift City to get an exemption under part 30 by the Commodity Futures Trading Commission ...

Stock exchange to administer and supervise research analysts: Sebi

Enlistment with stock exchange may become mandatory

NaBFID posts net profit of Rs 1,601 cr in FY24; loans stood at Rs 35,342 cr

Considering FY24 being the first full year of business operations, the Board advised that the income be continued to be accumulated as reserves to augment capital growth

Rising speculative bets stoke RBI crackdown on currency derivative

Volumes up 3x post Covid; 2/3rd participation by prop traders

StanChart exits CDSL, sells stake; Maruti mcap breaches Rs 4 trn mark

The market capitalisation of passenger car major Maruti Suzuki India (MSIL) topped the Rs 4 trillion mark for the first time in intraday trade on Wednesday

Global cues, FII activity to guide stock markets next week, say Analysts

Stock markets would be driven by global trends and foreign investors' trading activity in the holiday-shortened week, analysts said adding that key equity indices may face volatile trends amid the monthly derivatives expiry on Thursday. This week markets will have just three trading sessions. Equity markets will remain closed on Monday for Holi and on Friday for Good Friday. "This week will be shorter due to market closure on both Monday for Holi and Friday for Good Friday. As a result, trading volumes may be lower with limited market cues. However, volatility remains a possibility as we approach the March F&O expiry and the financial year-end," Santosh Meena, Head of Research at Swastika Investmart Ltd, said. Last week, the BSE benchmark climbed 188.51 points or 0.25 per cent, and the Nifty went up by 73.4 points or 0.33 per cent. "This week being a truncated week and the derivatives' monthly expiry, we might see some volatility while Nifty is likely to consolidate at higher ...

Nasdaq resolves glitch that impacted trading; downtime lasted around 2 hrs

The Nasdaq is home to thousands of stocks, including those of iPhone maker Apple, electric vehicle-maker Tesla and semiconductor powerhouse Nvidia

NSE's social exchange listings swell to 5; FM Sitharaman hails fundraise

The market regulator last year reduced the minimum application size from Rs 2 lakh to Rs 10,000 and cut the minimum issue size from Rs 1 crore to Rs 50 lakh

Not aware of promoter stake sale: Sterling & Wilson Renewable Energy

There would not be any material impact of this news article on the operations of the company, the company said

Reliance Capital to be delisted from stock exchanges, shares drop 4.46%

RCL said that the National Company Law Tribunal in its approved resolution plan for the company is contemplating delisting of existing equity shares from the exchanges