The Securities and Exchange Board of India's (Sebi's) technical advisory committee has been mandated to probe the trading halt at National Stock Exchange (NSE) and fix accountability. The committee after a detailed examination would send its findings and recommendations to whole-time member Madbhi Puri Buch, to decide the future course of action, said two people in the know. The panel, which is currently chaired by Ashok Jhunjhunwala of IIT Madras, is learnt to have sought an explanation over two key issues from NSE: One on the effectiveness of interoperability as it was unable to migrate the trading positions; the other on laxity in switching it to the disaster recovery site.
BSE Mid-cap index ended at a record closing high of 10499.86 and CNX Mid-cap index ended at a record closing high of 12672.85 levels.
The funds, some of which have invested in the NSE for almost a decade, want the exchange to list as soon as possible so that they can exit and pay back investors in their funds
'The voice which came wherever I travelled was that we are proud taxpayers. We are honest taxpayers. We want to continue to serve the country by being good taxpayers.' 'But what do you think about the kind of things you can do for us?'
Jio is now present in all of the 29 states.
If you leave too much money lying in your trading account or hand over your securities to brokers, there is always the risk that they could use it to trade in the markets.
In recent past, midcap stocks have performed well, say experts.
Sebi has restructured its advisory committee on market data that recommends policy measures pertaining to areas like securities market data access and privacy. Rejigging its market data advisory committee, Sebi has said the panel will now have 21 members, as per the latest information with the regulator. Earlier the committee had 20 members. The committee is chaired by M S Sahoo, Professor at National Law University, Delhi and former chairperson, Insolvency and Bankruptcy Board of India (IBBI).
According to Merrill Lynch (BofA-ML) report, Domestic capital markets are likely to remain volatile in the September-November period due to factors like US Fed's policy action, second quarter corporate earnings and Bihar state elections.
'When the bombing happened in the Taj Mahal hotel in 2008, that was a very sad moment, but he really took care of the people, took care of everybody and that was when you saw some of his best moments.' 'There are some things which we will never forget. That is when the best of a person comes out.'
Bank Nifty closes at a 30-month high; Rate sensitives lead the rally on RBI rate cut optimism.
Investors cheered a sharp decline in the Current Account Deficit, which stands at a 4 year low as exports picked up and gold imports reduced.
Dream rally: Investors' wealth doubled in 5 years in India's equity market on Friday.
Above normal monsoon forecast and strength in Asian equities lifted sentiments.
Ajit Mishra, Vice President, Research, Religare Broking, answers readers's queries on stocks they own or want to buy.
Auto stocks are weighing on the indices.
Please promise, especially those millions who trust you with their hard-earned money, never to let your voting preferences determine your actions on the markets. The most appalling and scary phenomenon was fund houses and brokerages going out on election yatras and writing copious reports promising more than 300 for the BJP. That was your wish as voters. Your investors are paying for it now, points out Shekhar Gupta.
The Finance Ministry has given its consent to the EPFO to invest from 5 per cent to 15 per cent of the investable income of the organisation every year.
Economic Offences wing of Mumbai Police, which is probing the case, told the court that the investigating agency intended to file chargesheet against Shah and others on or before August 4.
During his four-day-long stay in India, Biden will hold meetings with top Indian leadership, including President Pranab Mukherjee and Prime Minister Manmohan Singh.
BSE proposes two models for making gold trading and investment transparent
NSE's own handle @nseindia was content tweeting out the press release in seven tweets.
Participants will watch out for the Brexit poll outcome in the late morning trades tomorrow.
Beat gains made by mid-cap, broader indices.
Participants are keenly awaiting the rollovers to the next series ahead of the expiry of June F&O.
Sensex ended above 26,000 led by telecom shares amid TRAI's spectrum sharing norms.
The company has received a communication from the Medicines and Healthcare Products Regulatory Agency, United Kingdom, whereby the agency has decided to withdraw the previously issued GMP Certificate to the company's manufacturing facility situated at Kadaiya, Nani Daman, Wockhardt said in a filing to the Bombay Stock Exchange.
Bandhan Bank is the first bank to be launched in eastern India post Independence.
Nestle relaunched Maggi noodles on November 9.
'I can tell shareholders we're going to be very responsible with our capital, we're going to be absolutely execution focused.'
Positive cues from the global market front aided the rally.
The main losers on the Sensex were Tata Steel, Hero Moto, BHEL, ONGC & Maruti Suzuki.
India has reached a significant milestone on Friday (November 28) by achieving Rs 100 lakh crore or 100 trillion market cap.
The one common theme across companies that have rewarded shareholders is consumption.
Inflation and asset prices have eroded the value of money.
In its 59-page order, the capital markets regulator Sebi said that the 10-year restraint period for them would be calculated after taking into account the restraint already undergone by him vide an interim order dated June 17, 2010.
Nestl India is preparing a blueprint for a possible relaunch.
Nifty has a virtual monopoly in the index derivatives segment.
Uncertainty lingers in the minds of retail investors due to scams.