SEBI to control unsolicited financial market tips from social media influencers
Markets observer Sebi will come up with a discussion paper to frame guidelines for controlling unsolicited financial advice and stock markets from social media influencers as well as from unregulated investment advisors. Addressing a meeting of the Association of Registered Investment Advisers here on Friday, SEBI Permanent Member Ananth Narayan Gopalkrishnan said […]
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Local market ownership rose for the fifth consecutive quarter to 24.44% in December
Share ownership of local investors, including institutions and high-net-worth individuals, reached an all-time high of 24.44 percent in the December quarter, making it the fifth consecutive quarterly increase. Retail investors’ ownership in the market stood at 7.23 per cent in December 2022, down slightly from 7.34 per cent in September 2022. But […]
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Most of the shares of the Adani Group continue to decline. Reduced combined market value
Shares of most of the Adani group companies closed lower on Monday, with shares of the combined group companies seeing a sharp drop of Rs 9.5 crore after the negative report of Hindenburg Research in the US. Forex traders said the Hindenburg Research report soured the market sentiment towards shares of Adani […]
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RBI interest rate decision, third quarter earnings drive market trends this week: Analysts
Analysts said the focus of equity markets will shift to the Reserve Bank of India’s interest rate decision due this week, as investors also track ongoing third-quarter earnings, global trends and foreign money trading activity, for more clues. Brent crude prices and the movement of the rupee against the dollar will also […]
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SEBI penalizes PMIA, directors for 28 lakh rupees for violating market norms
Sebi on Wednesday slapped penalties totaling Rs 28 lakh on Pinnacle Market Investment Consulting (PMIA) and its principals for breaching the regulatory rules. PMIA is a SEBI registered investment advisory firm whose principals are Abhishek Patel, Shekhar Mishra and Parul Sahu. The regulator imposed a fine of Rs 13 lakh on PMIA […]
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Market volatility is forcing many companies to abandon IPO plans
In 2022, 59 companies raised ₹59,332 crore through initial public offerings (IPOs). However, not everyone was fortunate enough to realize their fundraising plans. Market fluctuations have forced many companies to leave the approval granted by the capital markets regulator – the Securities and Exchange Board of India (SEBI) – null. The company […]
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GMM promoter Pfaudler sells 17.3% stake for Rs 1,324 crore through open market
The promoter of engineering firm GMM Pfaudler on Friday divested its 17.3 per cent stake in the company for Rs 1,324 crore through open market transactions. Pfaudler Inc offloaded a total of 77,85,819 shares in both BSE and NSE, amounting to a 17.32 percent stake in the company, according to data for […]
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Paytm board approves share buyback worth Rs 850 crore via open market
On Tuesday, the Paytm Board unanimously approved the buyback of shares of the stock on the open market. One97 Communications Limited, which owns Paytm, announced the buyback volume of Rs 850 crore, in line with the regulations of the Securities and Exchange Board of India (Sebi). The company further said in the BSE filing […]
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Global investors are bullish on the Indian stock market despite the 86% premium: USB
Swiss brokerage UBS Securities said global investors are bullish on the Indian stock market despite the 86 percent premium it commands over its emerging market peers and on the back of an outperformance of 17 percent so far this year. According to UBS Securities, “India is one of only three markets that trades at […]
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LIC has an advantage over insurance companies: it gains market share in fiscal year 23
India’s Life Insurance Corporation (LIC) has gained nearly 4.5 percentage points of market share in the current fiscal year (2022-23, or FY23) in new business premiums (NBP) from private firms, mainly due to strong growth In her collective clip. According to the latest data from the insurance regulator – the Insurance Regulatory and Development […]
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