To safeguard interests of investors, leading stock exchanges BSE and NSE have asked their trading members to take extra caution while trading in over 300 illiquid stocks. Illiquid stocks are those that cannot be sold easily because they see limited trading. These stocks pose higher risks to investors because it is difficult to find buyers for them as compared to frequently traded shares. In similar-worded circulars issued on Wednesday, both exchanges advised their trading members "to exercise additional due diligence while trading in these securities either on own account or on behalf of their clients". BSE and NSE have listed out 299 and 13 illiquid stocks, respectively, where additional due diligence is required. Illiquid scrips listed by BSE include Garware Marine Industries Ltd, Mefcom Capital Markets Ltd, Ekam Leasing & Finance Company Ltd, Maruti Securities Ltd, Bangalore Fort Farms Ltd, Gujarat Investa Ltd, Golechha Global Finance Ltd, Vertex Securities Ltd, Munoth ...
Business Standard breaks down key listing requirements in India, in the US and the possibility in a few other scenarios
Defying a positive global market sentiment, the domestic markets looked set to start the week on a subdued note, spooked by fast-rising Covid cases in the country
Regulator issues new guidelines for switching to backup sites
The finance ministry has asked markets regulator Sebi to take necessary measures to address issues that led to the outage at National Stock Exchange recently
In the past three months, the stock of IEX has outperformed the market by surging 65 per cent as against a 4.3 per cent rise in the S&P BSE Sensex
All the sectoral indices ended the day in the red with the Nifty Realty, Metal, and PSU Bank indices dropping up to 3 per cent
The IPO comprises issuance of fresh equity up to Rs 800 crore and an offer for sale worth Rs 375 crore
The exchange has with over 500 registered clients and 15 members
Among sectoral indices, the Nifty Metal index remained the star performer today, closing 1.8 per cent higher, followed closely by the Nifty IT index (up 1.6 per cent).
IGX has a robust ecosystem of more than 6,500 market participants which include all distribution utilities in the country, major power generators as well as over 4,500 open access consumers
DRC Systems India Limited, the demerged entity of IT consultancy Infibeam Avenues, got listed on bourses on Wednesday. The shares were listed at Rs 128.75 and Rs 128.80 on BSE and NSE respectively in opening deals. In a statement, the company said it received approval from BSE and NSE for listing and trading of its equity shares with effect from Wednesday. DRC Systems offers a vast range of customized IT solution and consultancy services to clients in India and International from the embryonic stage to the high-level stage. This includes development, maintenance, testing and all related ancillary services. Pursuant to the approval of Composite 'Scheme of Arrangement' from The National Company Law Tribunal, Ahmedabad Bench through an order on November 27, 2020, Infibeam Avenues Ltd demerged its Theme Park & Event business to DRC Systems. As consideration under the provision of the 'Scheme of Arrangement'for the transfer and vesting of the Themepark & Event Software Undertaking,
Mumbai-based brokerage misused client funds worth Rs 119 crore, says regulator's investigation
The broader markets were under pressure today with the S&P BSE MidCap and SmallCap indices closing 0.6 per cent and 0.4 per cent down, respectively
Through a separate transaction, the shares were bought by New York Life Insurance Company at the same price
Trends among sectoral indices remained muted with the Nifty PSU Bank, Metal, and IT indices ending up to 1.5 per cent higher on the NSE.
On the upside, ONGC, Maruti Suzuki, Nestle India, Titan, Reliance Industries, and L&T supported the markets with up to 2.5 per cent gains
The US bond yields which have become influential on stock prices, globally, spiked to 1.48 per cent
he frontline Nifty50 index made a dash for 15,300-mark in the intra-day trade, and hit a high of 15,273.
The entities signed a memorandum of understanding (MoU) for co-operation in various ongoing micro, small and medium enterprises (MSMEs)-related initiatives of the two institutions