Page 4 - Markets

Sensex plunges 1,200pts, Nifty dips below 24k; key reasons for market crash

Stock market crash: Indian bourses were facing a bear attack again on Thursday owing to a weakness in the global markets and after surging significantly in the first two sessions of the ongoing week

Buy more, hold, or sell? Let fundamentals, valuations guide decisions

High valuations are the primary reason behind the correction in mid- and small-cap stocks

EPFO mulls investing in equity market beyond Exchange Traded Funds

As per the current pattern of investment notified by the labour ministry in April 2015, retirement fund body can invest anywhere between 5 - 15 per cent of all its fresh accretions in equity markets

Best of BS Opinion: Agritech revolution, suboptimal outcome and more

Here is the best of Business Standard's opinion pieces for today

Kotak MF launches Transportation & Logistics Fund; HDFC MF unveils new fund

HDFC Mutual Fund has launched the HDFC Nifty India Digital Index Fund, an open-ended scheme tracking the Nifty India Digital Index

BJP Maha win, global cues. Reasons Sensex rallied 1,300pts intraday Monday

The NSE Nifty topped the 24,300-level, and was up 350 points following BJP-led Mahayuti alliance landslide victory in Maharashtra elections. Index heavyweights SBI and RIL were the top gainers so far.

It is a sell on a rise market now with Nifty upside capped, suggest charts

As persistent selling at higher levels continues, Chandan Taparia of Motilal Oswal believes a 'sell-on-bounce' trend is firmly in place at least for now.

Strong Q2 performance, growth outlook drive gains for Info Edge stock

In its pre-quarter update, Info Edge had already disclosed a 14.3 per cent Y-o-Y growth in standalone billings, highest in the last 6 quarters

Markets bounce back sharply on bargain hunting; Sensex rises 1,961 points

Benchmarks register third-best day of this year

Sebi asks MIIs to resolve whistleblower complaints within 60 days

Sebi on Friday came out with guidelines to strengthen accountability and improve governance of stock exchanges and other market infrastructure institutions (MIIs) by asking them to resolve whistleblower complaints within 60 days of receipt. Additionally, Sebi asked MIIs, comprising stock exchanges, clearing corporations and depositories, to adopt RegTech (regulatory technologies) and SupTech (supervision technologies) for better regulatory and supervisory mechanisms. Also, the regulator outlined guidelines for back office vendors, public interest directors (PIDs) meetings, establishing a standard operating procedure for disciplinary actions against Key Management Personnel (KMPs), disclosure of board meeting agendas and minutes, quarterly reporting by the Compliance Officer and half-yearly reporting by the Chief Risk Officer. The new guidelines will become effective from April 1, the Securities and Exchange Board of India (Sebi) said in its circular. On whistleblower policy, Sebi .

Sebi proposes more diversified ownership of equity clearing corporations

A clearing corporation is responsible for the confirmation, settlement and delivery of trades

Bitcoin ticks closer to $100,000 in extended surge following US elections

Bitcoin extended its streak of record highs after ticking above USD 99,000 for the first time overnight. The cryptocurrency has rocketed more than 40 per cent in just two weeks. Now, bitcoin is at the doorstep of USD 100,000, just two years after dropping below USD 17,000 following the collapse of crypto exchange FTX. The dramatic rally arrives as industry players expect the incoming Trump administration to bring a more crypto-friendly approach toward regulating the digital currency. Bitcoin was trading at USD 98,882 early Friday, according to CoinDesk. As with everything in the volatile crypto markets, the future is impossible to know. And while some are bullish, other experts continue to warn of investment risks. Here's what you need to know. Back up. What is cryptocurrency again? Cryptocurrency has been around for a while now. But, chances are, you've heard about it more and more over the last few years. In basic terms, cryptocurrency is digital money. This kind of currency i

Exchanges seek clarification on disclosure violations by Adani Group firms

Stock exchanges have sought clarification on violation of disclosure norms by Adani Group entities regarding the alleged bribery case in the US and subsequent cancellation of Kenya's airport expansion deal. In its response to the case in the US, Adani Group firms on Thursday had said "there are no allegations made against the company". On clarification with regard to Kenya cancelling airport expansion and energy deals following the US bribery and fraud indictments, the group is yet to respond to the bourses. While there was no word from Sebi officials, experts pointed out the regulator will have to definitely look into it if there are any disclosure and other violations and take necessary action. Billionaire Gautam Adani, his nephew Sagar Adani, and others have been charged by US prosecutors with allegedly being part of an elaborate scheme to pay USD 265 million (about Rs 2,200 crore) bribe to Indian officials in exchange for favourable terms for solar power contracts. The United

Investors fully subscribe Enviro Infra Engineers IPO on day 1 of offer

The initial share sale of Enviro Infra Engineers, which is involved in development of turnkey projects of sewage treatment plants and sewerage system, got fully subscribed on the first day of the offer on Friday. The initial public offering (IPO) received bids for 6,38,69,269 shares against 3,07,93,600 shares on offer, translating into 2.07 times subscription, according to NSE data. The portion for non-institutional investors attracted 2.98 times subscription while the qualified institutional buyers (QIBs) part got subscribed 2.04 times. The category for retail individual investors (RIIs) fetched 1.70 times subscription. Enviro Infra Engineers on Thursday collected about Rs 195 crore from anchor investors. The Rs 650-crore initial share sale is in a price range of Rs 140-148 apiece. The company's IPO is a combination of a fresh issue of 3.87 crore equity shares and an offer for sale (OFS) component of 52.68 lakh shares by promoters. Currently, promoters hold over 93 per cent stak

Max pain for Bank Nifty seen at 50,900; bias seems cautiously positive

F&O cues for Nov 22: Bank Nifty formed a hammer candlestick pattern on Thursday; trade above 50,650 levels can trigger a pullback towards 51,000 - 51,500 levels, says analyst from Asit C Mehta.

Wilmington Trust pays Rs 64.35 lakh to settle FPI norms violation case

Wilmington Trust Collective Investment Trust on Thursday settled a case with capital markets regulator Sebi related to an alleged violation of foreign portfolio investors' rules by paying a settlement amount of Rs 64.35 lakh. The settlement order came after the applicant (Wilmington Trust Collective Investment Trust - Lazard/Wilmington ACW Ex-US Equity Advantage Fund) proposed to settle the instant proceedings initiated against it without "admitting or denying the findings of facts and conclusions of law". "In view of the acceptance of the settlement terms, the instant adjudication proceedings initiated against Wilmington Trust Collective Investment Trust - Lazard/Wilmington ACW Ex-US Equity Advantage Fund is disposed of in terms of the settlement regulations on the basis of the settlement terms," Sebi's adjudicating officer Barnali Mukherjee said in the order. The Securities and Exchange Board of India (Sebi) conducted an examination in the matter of delay in intimation of regulato

Adani Enterprises tests Jan 2023 Hindenburg fall support; can slide 34%

Adani Enterprises stock may re-test support around its 200-WMA, like it did post the Hindenburg allegations in Jan-Feb 2023, technical chart shows.

Adani Group shares plunge up to 20% post US SEC bribery, fraud charges

Gautam Adani, along with other executives, has been charged by US prosecutors for allegedly bribing ($250 million) Indian officials.

FII flows will return to normalcy in medium-term, says Mihir Vora, TRUST MF

Foreign institutional investors are selling equities across the world, not just India, said Mihir Vora, CIO, TRUST Mutual Fund, in an email interaction with Business Standard

Options data hint at bearish bias for Nifty, Bank Nifty; FIIs trim shorts

F&O cues for Nov 21: Foreign investors open interest in Bank Nifty futures declined over 9 per cent as they net bought nearly 25,000 contracts on Tuesday, shows the NSE F&O data.