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Stock investors took a severe hit on Monday as key indices slumped to more than seven-month lows due to widespread selling amid increased uncertainty over US trade policy, wiping out Rs 9.28 lakh crore of market wealth. The market capitalisation of BSE-listed companies tanked Rs 9,20,654.51 crore to Rs 4,10,31,199.48 or USD 4.75 trillion. The market breadth was negative as 3,588 shares declined, 532 advanced and 114 stocks remain unchanged. The 30-share BSE barometer plunged by 824.29 points or 1.08 per cent to close at 75,366.17, a level not seen since June 2024. During the day, the barometer plummeted 922.87 points or 1.2 per cent to a low of 75,267.59. "Dalal Street continues to bleed, extending its losses from Friday last week, as the wind of slowing corporate earnings swayed away hopes of earnings revival and bolstered pessimism about tepid earnings. "Volatility geared up during the day, driven by a mix of factors such as heightened anticipation around the fiscal budget, conce
Markets regulator Sebi on Tuesday proposed that stock exchanges and other market infrastructure institutions frame their own policy for sharing data for the purpose of research to promote data democratisation, data privacy and data accountability. However, data shared with vendors for commercial purposes will not fall under this policy, Sebi suggested in its consultation paper. The markets regulator has a data sharing policy to share anonymised data that are not publicly available. However, since Sebi is not the originator of most of the market data, the scope of sharing data under the extant data sharing policy of Sebi was deliberated by its Market Data Advisory Committee (MDAC). The committee suggested that in order to achieve the balance between data privacy vis-a-vis providing access to data, organizations, which are the actual source of data, will need to have a policy on data collection, processing, storage, dissemination and sharing. Accordingly, the regulator, in its ...
Capital markets regulator Sebi is looking to come out with a framework for the issuance of subordinate units by REITs and InvITs to sponsors and their associates. Additionally, the regulator has proposed a framework for unit-based employee benefits (UBEB) in the context of REITs (real estate investment trusts) and InvITs (infrastructure investment trusts). The Securities and Exchange Board of India (Sebi) has sought comments from the public till December 29 on the proposals. Under the proposed framework, subordinate units can be issued only to the sponsor, its associates and sponsor group, such units should carry only inferior voting as compared to ordinary units and the units can be issued to the eligible entities in the initial offer or in any offering subsequent to the initial offer, Sebi said in its consultation paper. It further suggested that subordinate units can only be transferred inter-se amongst the sponsor entities. "Any issuance of subordinate units post initial offer