An analysis by ETIG reveals that 62 out of the 73 banking and finance stocks in the BSE 500 and 31 out of 35 sector stocks in the BSE 200 now trade above their five-year average price-book (P/B) multiples on a trailing basis. The trend was similar when the current valuations were compared with the three-year average multiples.
Sebi to revamp short-selling, securities lending rules
Sebi is reviewing short-selling and securities lending rules to improve liquidity and price discovery. The regulator is also planning reforms in clearing, broker compliance, custodial