The NSE Nifty IT Index has climbed 18% from an April low, adding about $46 billion in market value. The 10-member gauge has turned the rally up a notch in July
The changes have been announced for companies placed under Stage II of the framework and will be effective from July 24
NSE said the action against Angel One was for failing to monitor the operations of its APs, which resulted in alleged violation of capital market regulations
Brokerage house Angel One Ltd has said National Stock Exchange (NSE) has barred it from onboarding new authorised persons (APs) for six months and imposed a Rs 1.67 crore penalty for flouting norms. Reacting to this, shares of Angel One plunged more than seven per cent in intra-day trade. The Member and Core Settlement Guarantee Fund Committee of NSE passed an order on July 14 against the broking company for an alleged failure to monitor the operations of its APs, Angel One said in a regulatory filing to the stock exchanges on Saturday. By doing so, it allegedly flouted the capital market segment rules and Futures and Options segment norms of the NSE. As per the order, a monetary penalty of Rs 1.67 crore has been levied on the broking company. In addition, it has prohibited "from onboarding new APs for a period of 6 months". Authorised person means any -- individual, partnership firm OR LLP -- who is appointed as such by a stockbroker and who provides access to the trading platfor
Angel One has said NSE's order does not affect the existing business or the activities of the APs affiliated with the company
With the Nifty Bank contracts using Wednesday as the day of expiry, there will be derivatives contracts expiring four days a week
Bourse, employees filed fresh application with Sebi in May: NSDL disclosure
The shares of BSE were trading at Rs 693.5, nearly 2 per cent in the green as of 2:40 PM on NSE
The National Stock Exchange is exploring opportunities in electricity derivatives and the voluntary carbon credit (VCC) market to deepen its product portfolio as part of its transformation into a multi-asset stock exchange. The world's largest derivatives stock exchange also plans to introduce derivative contracts based on the indices of the corporate bond index and government bond index, subject to clearance from regulators. "We are evaluating the voluntary carbon credits market. There are only two markets at this time. There are about 26 million voluntary carbon credits available in India as of today, which can be monetised," NSE Chief Business Development Officer Sriram Krishnan told PTI. He was in the city to participate in the Eureka Stock Broking organised Financial Conclave. "We need to figure out how to build a market for these VCCs so that they can find their values. You need to monetise them, and of course, we also need to create a healthy market going forward, because In
SmallCap World Fund on Monday offloaded shares of financial services company Aavas Financiers for nearly Rs 111 crore through an open market transaction. According to the bulk deal data available with the National Stock Exchange (NSE), SmallCap World Fund Inc sold more than 7.70 lakh shares, nearly 1 per cent stake in Aavas Financiers. The shares were disposed of at an average price of Rs 1,437.74 apiece, taking the transaction value to Rs 110.77 crore. Meanwhile, Societe Generale acquired 3.96 lakh shares of Aavas Financiers at an average price of Rs 1,427.21 per piece, while other buyers identity is not known. Shares of Aavas Financiers jumped 5.17 per cent to settle at Rs 1,466.10 apiece on the NSE. In two separate open market transactions on June 14 and June 16, SmallCap World Fund Inc sold a 1.6 per cent and 0.90 per cent, respectively, for a combined deal value of Rs 269 crore. AAVAS Financiers Ltd is primarily engaged in the business of providing housing loan to customers
The National Stock Exchange (NSE) on Wednesday came out with a framework for taking immediate actions against trading members in case of misuse of client funds by them. In the recent past, the exchange has observed instances of misuse of client funds during its inspections as well as in the alerts generated under offsite supervision. In order to initiate immediate actions in critical cases where misuse of client funds is observed, the exchange said that proprietary deposits of the trading member available with the clearing house, NSE Clearing Ltd (NCL), will be blocked to the extent of the misuse amount or Rs 10 crore, whichever is lower, according to a circular. The action will be taken for violating "principles of enhanced supervision" for stock brokers in case of misuse of clients funds. In case misuse is observed with regards to "principles of enhanced supervision" for stock brokers, NSE said the amount equivalent to the aggregate amount of all principles, will be ...
Removal of non-F&O stocks could lead to addition/subtraction of 11 stocks, triggering a Rs 5,000-crore churn
The bourse plans to process approvals for its unlisted shares within a week
This is Suzlon's fourth such order in less than a month. It will supply the wind turbines along with project supervision and commissioning as part of the agreement
Exchange files fresh consent application to settle Feb'21 outage case
The Social Stock Exchange (SSE) has been developed with the sole motive of facilitating social enterprises in raising funds from the public through the stock exchange mechanism
The National Stock Exchange (NSE) on Tuesday cautioned investors against two persons running illegal dabba trading with guaranteed returns to investors. Dabba trading is an illegal form of trading in shares, where operators of such trading rings allow people to trade in equities outside the stock exchange platform. The cautionary statements came after NSE found that Suresh Jani and Vishnu Darak were providing dabba or illegal trading platforms with assured returns. In addition, the bourse noted that Darak was offering to handle the trading accounts of investors by asking investors to share their user ID and password. The bourse said that these persons are not registered either as a member or authorised persons of any registered member of the NSE. Also, the bourse said that a police complaint has already been filed in this regard. Cautioning investors, NSE asked them not to subscribe to any such scheme or product offered by any person providing illegal dabba trading activity in the
The National Stock Exchange (NSE) on Friday cautioned investors against four persons running illegal dabba trading with guaranteed returns to investors. Dabba trading is an illegal form of trading in shares, where operators of such trading rings allow people to trade in equities outside the stock exchange platform. The cautionary statements came after NSE found that Jitu Bhai Marwadi, Sanjay Chaudhari, Sanjiv Raj, and Arav Waghmare were providing dabba or illegal trading platforms with assured returns. In addition, the bourse noted that Waghmare was offering to handle the trading accounts of investors by asking investors to share their user ID and password. The exchange said that these persons are not registered either as a member or authorised persons of any registered member of the NSE. Also, the exchange said that a police complaint has already been filed in this regard. Cautioning investors, NSE asked them not to subscribe to any such scheme or product offered by any person ..
HDFC Ltd on Wednesday said both stock exchanges BSE and NSE have approved the transfer of NCDs from the mortgage firm to HDFC Bank as part of the amalgamation process. BSE and NSE vide their letters dated April 26, 2023, granted their in-principle approval for the transfer of additional NCDs (non-convertible debentures) issued by HDFC Limited post receipt of the earlier approval on December 13, 2022, to HDFC Bank, the mortgage firm said in a regulatory filing. The proposed amalgamation is subject to receipt of final approvals from the Securities and Exchange Board of India (Sebi) in respect of change in control of certain subsidiaries of HDFC Limited, it added. This approval will help pave the way for the merger of HDFC into HDFC Bank, expected to be finalised by the third quarter of this financial year. Termed as the biggest transaction in India's corporate history, HDFC Bank on April 4 last year agreed to take over the biggest domestic mortgage lender in a deal valued at about US
As per latest shareholding data, SAIF Partners, Acacia Banyan Partners, Ontario Teachers, and Deccan Value Investors have cut their exposure by as much as 24 per cent