Page 28 - Stock Market Trading

Titan Case: Sebi levies Rs 2 lakh fine for violating insider trading norms

Capital markets regulator Sebi on Tuesday levied a fine of Rs 2 lakh on an individual for violating insider trading norms in the shares of Titan Company Ltd (TCL). The regulator slapped a fine of Rs 2 lakh on Samik Ghosh (noticee). The transactions were carried out by the designated person/employee of TCL between April 2018 to March 2019. The order came after Sebi received a letter from TCL, wherein the company intimated to the regulator about the contravention of PIT (Prohibition of Insider Trading) rules and the company's code of conduct by some of its designated persons/employees. Thereafter, Sebi conducted an investigation into the scrip of TCL and observed several non-compliances with PIT regulations during the period from April 2018 to March 2019. During the employment, the noticee had transacted in the securities of the firm but failed to make disclosure to the firm under the insider trading norms, as per the Securities and Exchange Board of India (Sebi). The disclosure wa

BNP Paribas Arbitrage offloads 48,00,000 shares of Wipro worth Rs 186 cr

BNP Paribas Arbitrage on Tuesday offloaded shares of IT company Wipro for Rs 186 crore through the open market transactions. According to the block deal data available with the BSE, BNP Paribas Arbitrage sold 48,00,000 shares of the company in two tranches. The shares were disposed of at an average price of Rs 387 per piece, taking the transaction value to Rs 185.76 crore. Meanwhile, Societe Generale acquired the company's shares at the same price. Shares of Wipro closed 0.09 per cent higher at Rs 388.85 apiece on BSE.

Sebi extends deadline for settlement scheme on illiquid stock options cases

Markets regulator Sebi has extended the deadline of the settlement scheme on illiquid stock options cases till January 21 for the entities who were involved in reversal trades in the stock options segment on BSE in 2014 and 2015. The Settlement Scheme 2022, which commenced on August 22, was scheduled to end on November 21. However, it has been observed during the last few days, a large number of entities have shown interest in availing the scheme. Considering the interest of entities in availing the scheme, the competent authority has extended the period of the scheme till January 21, 2023, Sebi said in the notice. The scheme provides an opportunity for the entities who have executed reversal trades in the illiquid stock options segment from April 1, 2014, to September 30, 2015, and against whom enforcement action initiated by Sebi is pending to settle the case. The present scheme has been made easier as the entities can apply online instead of submission of physical papers. The ..

Sensex snaps 3-day losing streak, rises 274 pts; Paytm slumps 11%, PSBs up

CLOSING BELL: Shares of Paytm hit an intra-day low of Rs 474 apiece, and ended at Rs 475.

SBI Card, Bandhan Bk: 5 stocks can drop up to 13% if mkt sell-off deepens

Market participants usually opt for mid-cap or small-cap stocks. But, if one fails to pick the right stock, investment in such stocks can result into huge losses

Paytm hits new all-time low, stock tanks 26% in two weeks

Shares of Paytm hit a new low at Rs 483.30 on the BSE in Tuesday's intra-day trade, thus were now trading 77 per cent below the company's IPO price of Rs 2,150 per share.

JK Paper jumps 4% on acquiring majority stake in Horizon Packs and SPPL

The shift in consumer preferences are driving demand for superior quality, eco-friendly packaging, JK Paper said.

Kaynes Technology makes stellar debut, lists at 33% premium to issue price

The stock listed at Rs 778 on the NSE, a premium of 33 per cent over its issue price of Rs 587 per share.

Here's why Mehul Kothari recommends to Buy Page Industries, Sell TCS

According to the technical analyst from Anand Rathi, TCS can decline to Rs 3,160; whereas Page Industries can witness a sharp rally to Rs 48,500 level.

Changing sentiment: Fed policy, China Covid curbs cloud market optimism

Sensex, Nifty drop for third straight session; rupee weakens

Archean Chemical gains 12% on debut, shares worth Rs 1,014 cr traded

The stock hit a high of Rs 476 and a low of Rs 440.2 on NSE; firm's IPO was subscribed 32 times

Sensex drops 519pts, Nifty below 18,200; Easy Trip up 20%, Archean Chem 12%

CLOSING BELL: Over 35 stocks fell on the Nifty50 index, led by Adani Ports, Hindalco, TCS, HDFC, Tech M, Reliance Industries, Hero MotoCorp, Infosys, Grasim, JSW Steel, and Bajaj Finance

Deepak Fertilisers, Aarti Ind soar up to 8% on plans to ink Rs8,000 cr deal

Both parties plan to execute the formal agreement before the close of this calendar year and the supply arrangement comes into effect from 1st April 2023.

Archean Chemical lists at 11% premium to issue price, extends gain

Post listing, the stock moved higher to Rs 473.65, up 16 per cent over its issue price on the BSE.

Eight of top-10 firms add Rs 42,173 cr in m-cap; ICICI Bank, Infy lead

Eight of the 10 most valued firms together added Rs 42,173.42 crore in market valuation last week, with ICICI Bank, Infosys and TCS emerging as the biggest gainers. Barring Reliance Industries and Hindustan Unilever Limited, rest eight firms, including HDFC Bank, ICICI Bank, State Bank of India and HDFC, made gains in their valuation. Last week, the BSE benchmark Sensex dipped 131.56 points or 0.21 per cent. The market valuation of ICICI Bank jumped Rs 9,706.86 crore to stand at Rs 6,41,898.91 crore. Infosys added Rs 9,614.89 crore to reach Rs 6,70,264.99 crore. The valuation of Tata Consultancy Services (TCS) climbed Rs 9,403.76 crore to Rs 12,22,781.79 crore. The market capitalisation (mcap) of Bharti Airtel advanced Rs 5,869.21 crore to Rs 4,65,642.49 crore and that of HDFC increased Rs 3,415.33 crore to Rs 4,85,234.16 crore. HDFC Bank's mcap climbed Rs 1,508.95 crore to Rs 8,99,489.20 crore and that of State Bank of India (SBI) grew by Rs 1,383.32 crore to Rs 5,37,841.73 ...

Markets to focus on global trends, may face volatility, predict analysts

With no major domestic market-moving event scheduled this week, stock market investors would largely focus on global trends and foreign fund movement, and may face volatility amid monthly derivatives expiry, analysts said. This week Federal Open Market Committee (FOMC) meeting minutes are due for release which would provide further cues to the market, Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd, said. "With all major events behind us, participants will take cues from global markets, crude and currency market movement. Besides, the scheduled monthly expiry of November month derivatives contracts would keep traders on their toes," Ajit Mishra, VP - Research, Religare Broking Ltd, said. Last week, the Sensex dipped 131.56 points or 0.21 per cent, while the Nifty declined 42.05 points or 0.22 per cent. Of late global markets have also been facing a lacklustre trend. "The market remained range-bound amid lack of cues, and it will look for direction .

Indices slip for 2nd day, close in red for the week; Sensex falls 87 points

Similarly, the broader NSE Nifty dipped 36.25 points or 0.20 per cent to end at 18,307.65

As Sensex struggles at 62,000, Nifty at 18,500, here's what can happen next

The BSE Sensex and NSE Nifty 50 have scaled fresh life-time highs in the last five straight years; charts suggest that the trend may continue this year.

Here's why Mehul Kothari recommends to Sell Infosys, Buy Redington

According to the technical analyst from Anand Rathi, Infosys can be sold with a stop at Rs 1,630, while Redington is expected to rally to Rs 178.

Time to raise high-beta bets as markets eye new highs, say Analysts

Amid moderation in inflation, markets seem to have moved past fears of interest rate hikes and investors are now anticipating strong foreign inflows into domestic equities, analysts said