The Indian stock market saw respectable purchasing during early morning trades on Monday, continuing the Friday retreat rebound. At the Opening Bell, the frontline indicators spiked up to 2%. Within minutes of the Opening Bell, the Nifty 50 index recorded an intraday rise of 423 points against Friday’s closing of 23,907, having begun with an…
On Monday, November 25, the National Stock Exchange (NSE) prohibited trading in seven equities in the futures and options (F&O) segment because they were trading at more than 95% of the market-wide position limit (MWPL). These equities will, nevertheless, be traded on the cash market. The list of securities in the F&O ban for trade…
On Friday, November 22, Cochin Shipyard said that it and Seatrium Letourneau USA, Inc. (SLET) had signed a memorandum of understanding (MoU) for the design and essential equipment of jack-up rigs for the Indian market. According to the company, the cooperation intends to take advantage of chances for mobile offshore drilling units made to satisfy…
Punit Goenka, the former CEO and managing director of Zee Entertainment Enterprises Ltd (ZEEL), has formally withdrawn his consent to be reappointed following his resignation as managing director of Zee Business. The ZEEL board proposed Goenka’s reappointment for a five-year term starting January 1, 2025, contingent on shareholder approval at the next Annual General Meeting…
Managers of ESG funds have once again been caught in the middle of a market catastrophe. Shares of Adani Green Energy Ltd., which are held by roughly 770 ESG funds globally, recently saw a 25% decline in value following US authorities’ charges of alleged bribery against Gautam Adani. It’s one of several Adani empire companies…
Market volatility is expected to increase under Donald Trump’s presidency, fueling a surge in options trading by individual traders. Geopolitical tensions, tariffs, and governmental policy uncertainties are all likely to exacerbate price fluctuations and make options more alluring. To deal in short-term options on exchange-traded funds and equity indexes, retail investors have already flocked to…
With all three major indices recording weekly gains, Wall Street ended Friday’s trading session higher as investors found solace in statistics showing strong economic activity in the largest economy in the world. Expectations of lower interest rates and more business-friendly policies from President-elect Donald Trump’s administration next year propelled a measure of business activity to…
According to persons with knowledge of the situation, India’s capital markets regulator is investigating whether the Adani group broke regulations requiring the disclosure of information that moves the market. According to persons who asked not to be named because the information is confidential, the Securities and Market Board of India has questioned stock market officials…
Regarding the proposed additional share acquisitions in HCL Technologies and HCL Infosystems, Sebi on Friday excused promoter Roshni Nadar Malhotra from making open bids. The BSE and NSE list HCL Technologies and HCL Infosystems. The decisions were issued in response to two applications that Roshni Nadar Malhotra submitted to the regulator on September 30th, requesting…
A proposal for diversified ownership of equities clearing corporations (CCs), which are currently entirely controlled by stock exchanges, was made by the Securities and Exchange Board of India (SEBI). To ensure that clearing corporations may function primarily in the public interest and not for commercial reasons, SEBI anticipates that their ownership will be broad-based and…