Benchmark indices Sensex and Nifty after smashing many record peaks this year, slipped into a correction mode, with the NSE key gauge falling over 10 per cent from its record high hit in September amid concerns of foreign investors fleeing the domestic market, weak Q2 earnings and stretched valuations. The BSE benchmark Sensex hit its record peak of 85,978.25 on September 27 this year, and the NSE Nifty also reached a lifetime high of 26,277.35 on the same day. However, markets came under bear attack from October onwards. The BSE benchmark gauge is down a massive 8,397.94 points or 9.76 per cent from its all-time high, and the Nifty has also lost 2,744.65 points or 10.44 per cent from the record. "Elevated valuations had already raised concerns, but a stimulus package in China prompted a significant shift in Foreign Institutional Investor (FII) flows from India to China. This exodus was further fuelled by weak Q2 earnings, while a rise in US bond yields and the dollar index added ..
KPIT Technologies' promoter cut their outstanding pledges to zero
The Group refuted The Ken news report, stating it as "baseless and deliberately mischievous".
Adani Group: The repayment of the loan will release the pledge on shares of promoters in four Adani Group companies, Adani Enterprises, Adani Ports, Adani Green Energy and Adani Transmission
The move would see lenders release some of the stock in Adani Group companies that was pledged as collateral, according to the person
Data collated by BS Research Bureau shows Hindustan Zinc and Vedanta have topped the list of companies where the promoters' pledged stake is the highest as of June-end
To curb the misuse of Power of Attorney (PoA) given by clients to stock brokers, Sebi on Thursday widened the scope of the Demat Debit and Pledge Instruction (DDPI) for pledging and repledging of securities for margin purposes. Mutual fund transactions executed on stock exchange order entry platforms and tendering of shares in open offers through stock exchange platforms will also be covered under the DDPI, the Securities and Exchange Board of India (Sebi) said in a circular. The DDPI serves the same purpose of PoA and significantly mitigate the misuse of PoA. The guidelines, which will be effective from November 18, also comes against the backdrop of instances of misuse of PoAs. "In view of the representations by and consultations with broker associations and depositories, it has been decided to widen the scope of DDPI to include mutual fund transactions being executed on stock exchange order entry platforms and tendering shares in open offers through stock exchange platforms," S
Earlier deadline was July 1; Move follows request by depository firms tasked with readying the backend for the new system for extension as the "changes to the systems are still under process"
The value of pledged promoter holdings stood at Rs 2.1 trillion - 0.86 per cent of the total market capitalisation of the BSE 500 Index
Sebi's decisions will improve investor confidence
Trend suggests those who had pledged their shares chose to redeem it as markets soared rather than borrow more heavily.
The value of promoter pledged holdings stood at Rs 1.7 trillion, 0.81% of total market cap of BSE 500 index
Laurus Labs said the significant part of the above amount shall be utilized to release the pledge on their equity shares of the company
Cash market average daily turnover value stood at Rs 58,700 cr last month
The brokerage said the decline is on account of rejig in the BSE 500 index and also due to the complete release of pledged shares in case of some companies
The promoter group shareholding in AHEL was around 30.80 per cent at the end of September, 2019, of which around 66.19 per cent is pledged, according to regulatory filing
Analysts say investors have turned wary of firms with high promoter pledging, given rising corporate debt
The new rule requiring brokers to sell shares if they are not paid for in five days will make margin trading less attractive
Share pledging means taking a loan against the shares that one / promoter holds. The promoters can pledge their shares in order to meet various business or personal requirement.
So far in 2019, more than Rs 16,000 crore worth of share has been pledged by the promoters