The National Stock Exchange (NSE), its former chief Vikram Limaye and eight others on Friday settled with markets regulator Sebi a case pertaining to alleged bypass of trading access point (TAP) system by certain brokers after paying Rs 643 crore. Apart from NSE and Limaye, those who settled the case are — Umesh Jain G. … Read more
Suzlon Energy has been issued an advisory cum warning letter from both the National Stock Exchange (NSE) and BSE Ltd, regarding non-compliance with the Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements. These warnings are issued in respect to the company’s handling of disclosures related to the resignation of Independent Director, … Read more
Ashishkumar Chauhan, MD & CEO, NSE, says the stock exchange has submitted its suggestions on F&O discussion paper, and is in line with what Sebi has asked for. He also explains what the two bulls – one outside and one inside NSE mean. The Statue of NSE Bull at the headquarters of the National Stock … Read more
Edelweiss Mutual Fund CEO Radhika Gupta recently said that chasing the number 1 mutual fund scheme for investment is pointless. Explaining her investment strategy, Gupta said consistency matters much more in any market conditions rather than chasing the best funds. Taking to social media platform X, formerly Twitter, Gupta wrote: “It is pointless trying to … Read more
Nifty ended Monday’s session with a gain of 187 points and was only about 68 points away from crossing its previous all-time peak of 25,078. On the daily chart, the index formed a long bull candle with a minor upper shadow. Technically, this pattern indicates an attempt of upside breakout of the previous down gap … Read more
Indian equity markets will remain open for trading on Monday, August 26, the day when the country will be celebrating Krishna Janmashtami. Apart from the BSE and the NSE, domestic commodity markets will also see activities at their usual timings. Multi Commodity Exchange of India (MCX), which is the largest non-agri commodity exchange, trades in … Read more
India’s leading broker Zerodha said it has stopped sharing brokerage revenue for referrals following an NSE circular preventing such a move. A recent NSE circular has disallowed sharing brokerage income for referrals to prevent trade inducement. “To comply, we have stopped sharing brokerage revenue for referrals effective August 25, 2024. We will continue awarding 300 … Read more
Nifty ended 66 points lower above the 24,400 level to form a High Wave type candle pattern with analysts saying that a sustainable move above 24,580 could only confirm a near-term bottom reversal pattern. The immediate support of 10 Day EMA has been broken on the downside and Nifty is currently placed near another support … Read more
As SME IPOs become a more mainstream asset class for investors, regulators are looking to formalize the market through multiple checks and balances. In one such move, the leading exchange NSE capped the listing price of SME issues at 90%, regardless of the grey market trends. Nephro Care, which had a pre-listing grey market premium … Read more
Nifty ended flat on Tuesday but formed a Doji candle on the daily chart and hinted at the possibility of a minor downward correction in the short term. The index is currently placed at the hurdle of 23,400-23,500 levels (1.382% Fibonacci projection), weekly hanging man and the opening downside gap of June 4, which are … Read more