The National Stock Exchange (NSE) on Wednesday asked investors not to subscribe to any scheme with assured returns offered by an individual named Jay Prakash. The advisory comes after the NSE found that the individual was collecting funds from the public and was providing guaranteed returns on investment. He was also offering to handle trading accounts of investors by asking them to share their user ID and password. The bourse pointed out that the person is not registered either as a member or authorized person of any registered member of the NSE. Cautioning the investors, the NSE asked them not to subscribe to any such scheme or product offered by any individual offering assured returns in the stock market as the same is prohibited by law, according to the statement. Further, investors have been asked not to share their trading credentials such as user ID and password with anyone. "Participation in such prohibited schemes is at investors' own risk, cost and consequences as such .
Nifty Bharat Bond Index - April 2033 - has been launched within the Nifty Bharat Bond Index series, a release said on Thursday
The Pune-based vaccine producer's value has increased 20 per cent to Rs 2.2 trillion in the past one year
Currently, 14 SGX Clearing Members have been onboarded for the transition
Having spent nearly two decades at the country's largest bourse, Ramamurthy is among the early architects of NSE and understands all the cogs of the exchange wheel like only a few others
Experts to advise changes to framework around FPI, takeover code and social stock exchanges
Scheme provides a settlement opportunity to entities that have executed trade reversals in stock options from April 2014 to Sept 2015, and against whom adjudication proceedings are pending
The National Stock Exchange is likely to introduce trading of electronic gold receipts on its platform and market regulator Sebi is ironing out some taxation issues related to the product with the government, an official said on Thursday. Referring to the Electronic Gold Receipt (EGR), V S Sundaresan, Executive Director at the Securities and Exchange Board of India (Sebi), said, this product has been introduced by Sebi and BSE has launched it about a month back and "we hope that this product will definitely gain traction over a period of time". "Under this product, what is proposed is that the physical gold is to be deposited in a vault, that vault manager will issue an electronic receipt and this will be credited to the demat account of the investor, that receipt can be traded on the stock exchange," he explained. So the gold will remain in a vault but it will generate some sort of income and the unutilised gold can be put to productive use, Sundaresan added. The Bombay Stock ...
Medanta's stock hit a high of Rs 424.65 and a low of Rs 390.55 on the NSE, where Rs 2,000 crore worth of shares changed hands
With a 10 per cent fall in equity markets, the embedded value of LIC declines by 7 per cent
Institutions need better governance structure
The National Stock Exchange (NSE) on Thursday warned investors not to fall prey to investment schemes with assured returns offered by Sameer Gulabrao Thite associated with Samsan Unitrade. The exchange pointed out that the person and the entity are not registered either as a member or authorised person of any registered member of the NSE. The cautionary statement comes after the NSE noticed that Sameer Gulabrao Thite associated with Samsan Unitrade was offering the service to handle trading accounts of investors by asking them to share their user identification (user ID) and password. "Investors are cautioned and advised not to subscribe to any such scheme/product offered by any entities/persons offering indicative/assured/guaranteed returns in the stock market as the same is prohibited by law," the exchange said in a statement. Further, investors have been asked not to share their trading credentials such as user ID and password with anyone. Earlier, the exchange had issued simil
The NSE MD & CEO made the comments while addressing its investors during the exchange's first-ever quarterly earnings concall
The average daily trading volume (ADTV) for the National Stock Exchange's equity cash segment has declined sequentially in seven of the 11 years
Policy loopholes are encouraging many promoters to exit their companies stealthily, raising the question: Should promoters be in control after pledging their shares?
Earlier, it was at 142.9 in the fourth quarter of 2021-22. It was 117.4 in the corresponding quarter last year
NSE Indices Ltd, a subsidiary of National Stock Exchange, is planning to change the methodology of merger and demerger of index constituents for equity indices to avoid big churnings, which happens in the current system. This comes ahead of the proposed merger of HDFC with HDFC Bank. The proposal, if considered, is expected to avoid sharp movement in stock prices of firms that are in the process of merger or demerger. In its consultation paper, NSE Indices has suggested to make ex-date an important factor for replacing an index constituent. It has sought comments from market participants on the proposed revision in the treatment of merger and demerger of index constituents for equity indices till November 2. With regards to the treatment of a merger, NSE Indices has proposed that the transferor company will be excluded from the index on the ex-date (T Day) of the merger -- the closing of the T-1 day merged entity. Equity shares, investible weight factor and capping factor of the
Currently, the entity getting merged is removed from the index and later the weightage of the merged entity is increased
The Muhurat trading session on October 24, 2022, will mark the beginning of Samvat 2079
Attention will likely shift back to the Competition Commission, which had granted conditional approval to the proposed deal last week