Nse

Flows will chase relative growth outperformance in FY24: Rahul Arora

The US Federal Reserve (Fed) and the Reserve Bank of India (RBI) should hike once more by about 25 basis points each, says Rahul Arora CEO-institutional equities at Nirmal Bang

NSE, BSE to move Adani Green to long term additional surveillance 1st stage

Leading bourses NSE and BSE on Thursday said Adani Green Energy will be moved to the first stage of the long term additional surveillance measure framework from April 10. On March 28, both the exchanges had put Adani Green Energy under the second stage of the long term Additional Surveillance Measure (ASM) framework. In two separate circulars, the bourses said Adani Green Energy will continue in the framework but will be moved to respective lower stage ASM from April 10. The parameters for shortlisting securities under the ASM framework include high-low variation, client concentration, number of price band hits, close-to-close price variation and price earning ratio. Meanwhile, stocks of all the 10 listed firms of the Adani group on Thursday ended the day in the positive territory, with Adani Transmission, Adani Green Energy, Adani Total Gas and NDTV each climbing 5 per cent. Many of the group firms hit their upper circuit limits during the day. After taking a beating on the bour

National Stock Exchange cautions investors against two individuals

The National Stock Exchange (NSE) on Wednesday cautioned investors against two individuals and asked them not put their money in any investment product offered by them. The two individuals are Archana Patel associated with Piramid Solution and Naga Rathnam associated with Wings2Trade. They were offering to handle trading account of investors by asking them to share their user ID and password, the NSE said in two separate statements. According to the statements, these persons are not registered either as a member or authorised persons of any registered member of the NSE. Patel was providing guaranteed returns on investment in the stock market, the bourse said. Cautioning investors, NSE 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 law. "Participation in such prohibited schemes is at investors' own risk, cost and consequences as such schemes are neither approved n

Rs 414 cr paid to 34,497 Karvy clients from NSE's investor protection fund

The government on Monday said Rs 414.24 crore has been paid to a total of 34,497 clients of Karvy Stock Broking Ltd (KSBL) from the National Stock Exchange's (NSE) investor protection fund till March 2023. In addition, NSE along with other market infrastructure institutions (MIIs) have also monetised the mutual fund distribution business of KSBL, and funds amounting to Rs 150 crore have been realized and the same is being utilized for distribution to clients of KSBL, Minister of State for Finance Pankaj Chaudhary said in a written reply to Lok Sabha. The case pertains to Karvy unauthorisedly transferring securities of its clients in one of its demat accounts by misusing Power of Attorney (PoA) given to its clients. NSE and BSE suspended trading terminals of KSBL from December 2, 2019 and declared it a defaulter on November 23, 2020 for misusing clients' funds and securities. Moreover, NSE has declared 32 stock brokers as defaulters in the past five years for failing to comply wit

Markets log biggest 1-day jump in over 4 months; RIL, ICICI lead charge

Three-month losing run ends; RIL, ICICI Bank lead charge

Singapore government sells 2.9% stake in Phoenix Mills for Rs 670 cr

Singapore government on Friday sold its 2.9 per cent stake in Phoenix Mills, a retail-led mixed-use developer, for Rs 670 crore through an open market transaction. Following the deal, shares of Phoenix Mills declined 3.33 per cent to settle at Rs 1,296 apiece on the National Stock Exchange (NSE). In a bulk deal data transaction on NSE, the Singapore government offloaded more than 51.49 lakh shares, amounting to a 2.88 per cent stake in the firm. The shares were sold at an average price of Rs 1,300.15 apiece, taking the transaction value to Rs 669.54 crore. However, the seller(s) of the shares could not be ascertained. The Singapore government-owned a 4.28 per cent stake in the company as of the December quarter, the latest shareholding data showed with the bourse. Phoenix Mills Ltd is India's leading retail mall developer and operator with approximately 0.64 million square metres of retail space spread across six gateway cities of India. The Mumbai-based firm is the pioneer of .

Oyo pre-files DRHP with Sebi, cuts issue size to $400-600 million

The DRHP was filed under the confidential pre-filing route with a reduced issue size of $400-600 million, all of which will be raised through a primary issuance, in a bid to repay the firm's debt

After worst streak in 22 years, India's $3 trn mkt positioned for a rebound

After outperforming over the past two years, Indian stocks are Asia's worst performers in 2023 amid concerns over monetary policy tightening and weak sentiment due to value erosion at the Adani Group

Benchmark Sensex gains 346 points on firm trends in global markets

Buying in services, realty, commodities and auto stocks also added to the positive momentum

Banking, IT stocks winning bets over 10 years, but rarely move in step

An analysis shows the average return divergence between these two sectors during the past decade has been 37%

Top headlines: After SC say on fraud, onus on banks, Adani Green under ASM

Business Standard brings you the latest headlines at this hour

NSE, BSE put Adani Green Energy under 2nd stage of longterm ASM framework

Leading bourses NSE and BSE have said that Adani Green Energy will be put under the second stage of the long-term additional surveillance measure (ASM) framework from Tuesday. In two separate circulars, the bourses said Adani Green Energy shall continue in the ASM framework but will be moved to the respective higher stage from March 28. The move also comes close on the heels of the two exchanges moving two group firms Adani Total Gas and Adani Transmission from the second stage of the long-term ASM framework to Stage-I on Friday. On March 17, both exchanges put Adani Green Energy and NDTV under the first stage of the long-term ASM framework. Meanwhile, all the 10 listed firms of the Adani group on Monday ended the day in the negative territory, with Adani Power, Adani Transmission, Adani Wilmar and Adani Total Gas each falling nearly 5 per cent. Many of the group firms hit their lower circuit limits during the day. The Adani group stocks have taken a beating on the exchanges sinc

Charts suggest Nifty Auto in 'oversold' zone, rebound likely: Ravi Nathani

According to the technical analyst, traders should adopt a buy-on-dips approach for the Nifty Auto index, with a minimum target of 12,236

Indices snap two-day losing streak on gains in RIL, Maruti

The broader NSE Nifty50 advanced 40.65 points or 0.24 per cent to end at 16,985.70 points

After ouster from top-5 club, Indian mkt now risks losing $3-trn m-cap tag

The last time India's m-cap had slipped below $3 trn was last June; at the peak, the m-cap stood at nearly $3.67 trillion in January 2022. Current m-cap is 18 per cent below the peak

5x in 5 financial years: Mkt share of discount brokers gains stock

Held sway over 57% of active clients in 11 months of FY23

NSE rolls back 6% hike in transaction charges on equity cash, derivatives

The rollback will be effective from April 1, 2023

Udayshivakumar Infra IPO subscribed 30.63 times on last day of offer

The initial share sale of Udayshivakumar Infra received 30.63 times subscription on the last day of the offer on Thursday, helped by huge interest from institutional investors. The company's initial public offering (IPO) received bids for over 61.26 crore shares against 2 crore shares on offer, according to data available with the NSE. The portion for non-institutional investors was subscribed a whopping 60.42 times, while Qualified Institutional Buyers (QIBs) quota attracted 40.47 times subscription and Retail Individual Investors (RIIs) category got subscribed 14.10 times. The IPO offered fresh equity shares of up to Rs 66 crore and was priced in a range of Rs 33-35 a share. Proceeds of the issue will be used to fund incremental working capital requirements and general corporate purposes. Udayshivakumar Infra is in the business of the construction of roads. It bids for roads, bridges, canals and industrial area construction projects in Karnataka, including government ...

Supreme Court directs market regulator to refund Rs 3 bn to NSE

The top court also refused to stay a tribunal order, which had set aside the regulator's ruling against NSE, the lawyers added

Fear of financial crisis keeps investors away from stock exchanges

A number of American banks had failed recently or came under pressure