Sebi imposed a Rs 10 lakh penalty on Axis Securities for rule violations and improper client fund handling. Axis Securities failed in regulatory procedures, including reporting errors, mishandling client funds, and exceeding margin limits. Sebi noted discrepancies in supervision reporting, client settlements, and allocation of penalties, leading to the fine after an inspection for April 2021 to November 2022.
Dalal Street Week Ahead: Sideways consolidation likely to persist amid global trade uncertainty
The Nifty experienced a week of range-bound trading, closing slightly lower with a 0.53% loss. Facing resistance near the upper edge of a rising channel,