Sebi sends show-cause notice to PCHFL ex-MD Khushru Jijina, wife over alleged insider trading

Sebi sends show-cause notice to PCHFL ex-MD Khushru Jijina, wife over alleged insider trading

Mumbai: The Securities and Exchange Board of India (Sebi) has issued a show-cause notice to Khushru Jijina, director of Piramal Fund Management, and his wife Binaifer Jijina, alleging violation of insider trading regulations in the purchase and sale of shares of Piramal Enterprises (PEL), sources told ET. The show-cause notice was issued to the Jijinas, … Read more

Momentum may take Nifty50 towards 18400 levels in January 2023: Anand James

Momentum may take Nifty50 towards 18400 levels in January 2023: Anand James

“Despite the late, but powerful short covering on the expiry day, OTM strikes beyond 18,400 failed to attract call longs, while 18000 puts found the strong short build-up,” says Anand James, Chief Market Strategist at . In an interview with ETMarkets, James said: “We feel that this needs to be read along with the directional … Read more

Forex reserves log fastest growth in 14 months

Forex reserves log fastest growth in 14 months

Mumbai: India’s central bank is beginning to add to its stockpile of foreign exchange assets yet again after valuation changes and periodic market interventions caused the reserves to shrink about $100 billion from record highs late last year. Renewed stock purchases by overseas funds and buy-sell swap trades are among a raft of factors that … Read more

Sebi lens on Rama Bijapurkar’s trades in ICICI Bank

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Mumbai: The Securities and Exchange Board of India (Sebi) is probing into the trades of ‘s former independent director Rama Bijapurkar to see if she violated insider trading rules, said two people familiar with the development. The capital markets regulator observed that Bijapurkar bought 4,900 shares of ICICI Bank worth ₹38.60 lakh on January 5, … Read more

Reliance, HDFC Bank among 34 stocks seeing increasing investor interest

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Market participants tend to treat several stocks like hot potatoes when there are concerns that share prices are perceived to have run up too soon. At this point, the focus is on stocks that are seeing an increase in investor interest. In the BSE500 index, 34 stocks including Gujarat Pipavav, Finolex Industries, TCS, VA Tech … Read more

Sebi to beef up surveillance on the smart insider

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Mumbai: The Securities and Exchange Board of India (Sebi) is revamping its surveillance systems as insider trading gets more sophisticated. Earlier, company insiders or their proxies would buy and sell shares based on insider tips. But now they have started using complex derivative strategies to make a quick buck — and evade the law. This … Read more

Bullish bets on bitcoin most crowded trade: BofA Securities

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Mumbai: Bullish bets on bitcoin has emerged as the most crowded trade for the first time since October 2019, according to a survey of fund managers by Bank of America Securities. About 36 per cent of the respondents identified ‘long bitcoin’ as the most crowded trade. A total of 217 fund managers with $596 billion … Read more