Page 7 - Stock Exchange

SVB crisis: How the ripples of the bank's plunge reached foreign shores

Silicon Valley Bank crisis: How has the bank's failure affected other banks and their stocks worldwide? Read more to find out

Stock exchanges remove Adani Enterprises from short-term ASM framework

The move effective from March 8, will ease trading restrictions, such as higher margin requirements, while dealing in shares of AEL

TMS Ep377: Ajay Banga, Indian global CEOs, FIIs, social stock exchange

What are Ajay Banga's challenges at the World Bank? What makes Indians so successful as global CEOs? Where is India placed on FIIs' radar? What is a social stock exchange? All answers here

Stock exchanges up scrutiny of traders whose exposure exceeds income

NSE asks asked brokers to check for suspicious transactions as derivative activity surges

Sebi moots institutional mechanism for stock brokers to curb market abuse

Markets regulator Sebi on Tuesday proposed an institutional mechanism that will require stock brokers to put in place systems for detection and prevention of market abuse. Currently, there are no specific regulatory provisions that cast responsibility on brokers to have a system to prevent market abuse. In a consultation paper, Sebi has proposed a regulatory framework which will require broking firms as well as their senior management to be accountable for detection and prevention of fraud or market abuse, by setting up robust surveillance and control systems. In addition, the regulator has suggested that brokers should have appropriate escalation and reporting mechanisms. Sebi has also listed out probable instances of fraud or market abuse which a broker's system should be equipped to monitor. The probable instances can include creation of misleading appearance of trading, price manipulation, front running, insider trading and mis-selling. Unauthorised trading, including facilita

BSE Q3 net profit drops 16% to Rs 51.6 cr; revenue from operations up 6%

Leading stock exchange BSE on Tuesday reported a 16 per cent decline in net profit to Rs 51.6 crore in three months ended December 2022. In comparison, the exchange had posted a net profit of Rs 61.3 crore in the year-ago period, BSE said in a statement. However, the bourse's revenue from operations grew 6 per cent to Rs 204 crore in the quarter under review from Rs 192.8 crore in the October-December quarter of the preceding fiscal 2021-22. "Overall, BSE reported a sustained third quarter result amidst a difficult market environment. 2022 was a period of transition for the BSE, and as we embark on a new journey in the new Financial Year, I believe that a balanced business model will enable us to grow much higher," Sundararaman Ramamurthy, MD and CEO of BSE, said. In addition, the board of BSE has approved the divestment of 2.5 per cent stake of BSE in Central Depositary Services Ltd (CDSL) towards meeting regulatory norms. The exchange's mutual distribution platform, BSE StAR MF,

Sebi orders bourses to release first list of 'big brokers' in a fortnight

The Qualified Stock Brokers, or QSBs, will be required to analyse client behaviour and trading patterns, and detect unusual activity

NYSE mayhem traced to an employee who left a backup system running

An NYSE employee failed to properly shut down Cermak's disaster-recovery system - leading to a disaster

If you have only one exchange, you have a problem: BSE chief Ramamurthy

New BSE chief bats for competition, at least a duopoly in equity market space

Sah Polymers shares settle over 37% higher in debut trade: Report

Shares of Sah Polymers on Thursday ended with a premium of over 37 per cent on the stock exchanges against the issue price of Rs 65. The stock made its debut at Rs 85, reflecting a jump of 30.76 per cent from the issue price on the BSE. Later, it rallied 37.30 per cent to settle at Rs 89.25 apiece. On the NSE, the shares began the trade at Rs 85 and finally ended at Rs 89.25 each. In volume terms, 4.16 lakh shares of the firm were traded on the BSE and 41.82 lakh shares on the NSE during the day. The Udaipur-based company provides tailored bulk packaging solutions to business-to-business producers in a variety of industries, including agro pesticides, basic drugs, cement, chemicals, fertilisers, food products, textiles, ceramics, and steel. Meanwhile, in the broader market, the 30-share BSE benchmark ended 147.47 points or 0.25 per cent lower at 59,958.03. The initial public offer of Sah Polymers was subscribed 17.46 times last week. The initial share-sale had a price range for

Bourses get Sebi's approval to launch derivatives on bond indices

Sebi's decision is aimed at enhancing liquidity in the bond market. It will also give an opportunity to investors to hedge their positions

Radiant Cash Management shares debut with 10% premium over issue price

Shares of Radiant Cash Management Services made its market debut with nearly 10 per cent premium against the issue price of Rs 94. The stock listed at Rs 99.30, registering a gain of 5.63 per cent against the issue price on the BSE. It further jumped 15.37 per cent to Rs 108.45. At the NSE, shares of the company made its debut at Rs 103, higher by 9.57 per cent. The company commanded a market valuation of Rs 1,090.02 crore on the BSE in initial trade. The initial public offer of Radiant Cash Management Services was subscribed just 53 per cent last month. The Rs 388-crore initial share-sale had a price range of Rs 94-99 a share. In the broader market, the BSE benchmark was trading 409.93 points or 0.67 per cent lower at 60,884.27. Radiant Cash Management Services (RCMS) was founded in March 2005. The company's clients include foreign, private, and public sector banks, and the end-user of its services include some of the largest e-commerce companies, retail chains, NBFCs, insuran

Will Sebi's latest decisions enhance value for shareholders?

Sebi has approved the phasing out of buybacks through the stock exchange route and chalked out mechanisms for addressing lapses at market infrastructure institutions. How will it affect shareholders?

Sebi to gradually phase out share buyback through stock exchange route

Markets regulator Sebi on Tuesday decided to gradually phase out buyback of shares by companies through the stock exchange route and also approved steps to boost governance at stock exchanges and other market infrastructure institutions. These were among the proposals approved by Sebi board during its meeting on Tuesday. Sebi Chairperson Madhabi Puri Buch said the regulator has chosen the tender offer route for share buyback as the present mode is vulnerable to favouritism. "This is a glide path and will lead to the phasing out of the present buyback mode (through stock exchange route)," she told reporters here. Currently, for share buyback, companies have both the options of stock exchange and tender offer. Besides, Sebi board has decided to reduce time taken for registration of FPIs to facilitate ease of doing business. Norms will also be amended to facilitate sustainable finance in the country and curb 'greenwashing'.

Not part of any negotiations': UTI AMC on Tata acquisition reports

There were similar reports in August 2022 and UTI AMC had then denied having any knowledge about it

Finfluencers: Sebi's lost battle

The size, activity, and influence of these people have become so large that Sebi's onerous regulations for registered advisors look hopelessly ineffective, and those who follow them feel like losers

NDTV shares continue to rally for the fifth day, surge nearly 25%

This is the fourth straight day that the stock has hit the upper circuit, BSE data showed

Fewer active investors even as benchmark indices hit record highs

Market volatility and lacklustre 1-yr returns weigh on activity

Sebi panel proposes shareholder pay buyback tax: Check details here

The sweeping proposals are part of a consultation paper floated by Sebi on which comments from the stakeholders have been sought till December 1

Firms pre-filing for IPOs may get to market to institutional investors

New clause to help issuers gauge institutional investor demand