Brokerage Default
FPIs turn cautious, pull out Rs 13,000 cr from Indian stocks in Jan: Data
Foreign investors have adopted a cautious approach this month, offloading domestic equities worth Rs 13,000 crore in the first three weeks owing to high valuations of Indian stocks and surging US bond yields. In contrast, foreign investors are bullish on the debt market and injected Rs 15,647 crore in the debt market during the period under review, data with the depositories showed. According to the data, foreign portfolio investors (FPIs) made a net investment of Rs 13,047 crore in Indian equities this month (till January 19). They pulled out over Rs 24,000 crore from equities during January 17-19. Before this, FPIs made a net investment of Rs 66,134 crore in December and Rs 9,000 crore in November. "There are two main reasons why FPIs turned sellers. One, the US bond yield started rising with the 10-year yield rising from the recent level of 3.9 per cent to 4.15 per cent triggering capital outflows from emerging markets," V K Vijayakumar, Chief Investment Strategist at Geojit ...
 "FPIs turn cautious, pull out Rs 13,000 cr from Indian stocks in Jan: Data")
Anugrah Stock & Broking case: SAT quashes Edelweiss Custodial appeal
SAT has upheld the order by the committee
 "Anugrah Stock & Broking case: SAT quashes Edelweiss Custodial appeal")
Gland Pharma down 33% in two days, Shreyas Shipping hits 20% upper limit
The miss comes on the back of a key customer filing for bankruptcy, high competition from Chinese players, and production shutdowns
 "Gland Pharma down 33% in two days, Shreyas Shipping hits 20% upper limit")
Sebi restrains broker from liquidating DHFL shares after Rs 2-bn default
Regulatory authorities suspect similar defaults at a few other brokerages that were dealing in shares of Indiabulls Ventures and Infibeam Avenues
 "Sebi restrains broker from liquidating DHFL shares after Rs 2-bn default")
