BEARS extended their pressure during the initial hours of Wednesday's trading. However, bulls managed to recoup most of their losses during the fag end of the day's trading. The sentiment reading of the tradable counters stands neutral. Bull ...
Buzz on top moves
THE stock market was agog with rumours that a high-profile chief investment officer of a top mutual fund has quit. While the grapevine has been hot with the news for a couple of days now, the person himself has reportedly denied it. The ...
Reliance: Outlook positive, buy January futures
THE following strategies are based on Wednesday's trading in the spot and the derivatives segment on the NSE: Reliance Industries: The outlook on this stock is positive. The upside price target is Rs 620. Consider buying the January ...
FOREIGN INSTITUTIONAL INVESTORS
Citigroup Global fined Rs 2 cr for delaying disclosure
THE Securities and Exchange Board of India has imposed a fine of Rs 2 crore, one of the stiffest penalties ever, on Citigroup Global Markets Mauritius Pvt Ltd for not disclosing on time, details of participatory notes issued by it. Mr G.N. ...
REGULATORY BODIES & RULINGS
SEBI to usher in margin trading Stock lending, borrowing system to be introduced
IN a bid to impart liquidity and further increase the depth of the equity market, SEBI has decided to introduce margin trading and stock lending and borrowing system. Speaking to newspersons on Wednesday, the SEBI Chairman, Mr G.N. Bajpai, said ...
Brokers hail SEBI move
STOCKBROKERS today welcomed the SEBI decision to introduce revised margin trading and securities lending and borrowing system. However, they said margin money of 50 per cent for margin trading was too high for their clients. Officials at ...
SEBI plans changes in takeover code
SEBI is proposing to amend the Acquisition of Shares and Takeover Regulations to revise the definition of public shareholding and promoter and to reduce the upper limit of shareholding from 75 per cent to 51 per cent for availing creeping ...
Reliance, Grasim lead market recovery
THE market activity on Wednesday was marked by relatively high degree of volatility. After opening on a weak note, the benchmark indices dropped further only to stage a sharp recovery towards the close of the day's trading. The 30-share Sensex ...
ONGC public offer in first week of March
THE Inter-Ministerial Group (IMG) on disinvestment of 10 per cent equity in exploration firm Oil and Natural Gas Corp (ONGC) on Wednesday decided to launch the public offer in the first week of March. The IMG, comprising secretary-level ...
SEBI pulls up HSE for non-redressal of grievances
The Securities and Exchange Board of India (SEBI) has pulled up the Hyderabad Stock Exchange (HSE) for the failure of some of its member- brokers in redressal of investors' complaints on the pretext that those transactions were not done on the ...
Shareholders seek poll on Digital delisting Many hurt over losing pride of ownership
Shareholders have also sought dividends for the current fiscal.
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