BSE to introduce F&O contracts in 3 Adani stocks, Paytm, Yes Bank and 38 others
India’s oldest stock exchange BSE on Friday announced introduction of futures & options (F&O) contracts of 43 stocks which will be available for trading from December 13.
Sebi proposes engaging independent agency for appointment of key personnel at exchanges, MIIs
Sebi has proposed engaging independent external agencies to identify suitable candidates for the appointment of key management personnel at market infrastructure institutions. The NRC will evaluate these recommendations and send them to the governing board and Sebi. The aim is to ensure independence, transparency, and accountability in key managerial appointments. Sebi also proposes a cooling-off […]
Sebi asks MIIs to resolve whistleblower complaints in 60 days, outlines guidelines on governance
Sebi has introduced new guidelines to enhance accountability and governance in stock exchanges and other MIIs. These guidelines include resolving whistleblower complaints within 60 days, adopting RegTech and SupTech, and establishing SOPs for disciplinary actions against KMPs.
Japanese retail funds start pulling out of Indian stocks for 1st time since 2018
Japanese retail investors have pulled back from Indian funds for the first time in six years, leading to significant outflows from Indian markets. This shift, combined with record inflows into US funds, signals a cooling of foreign investor sentiment towards India. The weakening yen and rising appeal of US assets have contributed to this trend.
Sebi clears Roshni Nadar’s family share transfer in HCL Tech, aimed at smooth succession
Sebi has granted Roshni Nadar an exemption from making an open offer for her proposed acquisition of shares in HCL Tech’s promoter entities. This move facilitates smoother succession planning within the Nadar family. The transaction is a non-commercial transfer between immediate relatives, exempting it from the open offer requirement.
Zomato to replace JSW Steel in BSE Sensex from December 23
Food delivery company Zomato will replace JSW Steel in the BSE Sensex as part of the index reconstitution which becomes effective from December 23.
FTA talks with India to relaunch early in 2025: UK PM tells Parliament
UK Prime Minister Keir Starmer announced the resumption of Free Trade Agreement negotiations with India in early 2024. The decision, following a meeting with Indian Prime Minister Narendra Modi, aims to bolster the countries’ bilateral trade partnership, which is currently valued at approximately GBP 42 billion annually.
Indian cenbank asks lenders to cut speculative bets against rupee, sources say
The Reserve Bank of India has instructed banks to reduce their long positions on the USD/INR pair to curb speculation against the weakening rupee. This move comes amidst record lows for the rupee, fueled by factors like foreign investor selling and a strengthening dollar.
Tech view: Nifty rebounds above 23,500 level, 200 DEMA; pullback rally eyes 24k resistance. How to trade on Monday
The Nifty gained 375 points over the week to close at 23,907. A smart comeback by the bulls in the second half of this week helped the market recover almost the entire loss registered in the first half.
Further steep hike in housing prices may prove to be a deterrent to demand: Prashant Thakur, Anarock
Indian real estate is experiencing a price surge, with post-Covid appreciation averaging 59-60% across major cities. While this boom has driven sales, experts warn that further price hikes could deter buyers. Mumbai stands out with stable prices despite high demand, while the NCR attracts major developers but sees shrinking affordability.