It will take a big change in economic policy and very radical, coordinated action among all advanced and emerging-market economies to avoid disaster.
Last year, Nikhil Kamath and his brother Nithin jettisoned into a club of the country's 100 wealthiest with their net worth pegged at around Rs 24,000 crore
Just because you work for a blue chip company does not mean that you should invest most of your money in it.
Sebi said it was closely monitoring the situation at the NSE following the disruption of trading due to technical issues.
On Sunday, exchanges and brokers got support against CTT from the apex commodities market regulator--the Forward Markets Commission. The regulator said that it would take up the demand for CTT withdrawal with finance minister Chidambaram.
FIIs have offloaded shares of Bajaj Corp, Nestle, Jyothy Laboratories and Britannia.
The 50-share NSE Nifty shed some ground to settle at 8,699.40 points, up 40.30 points, or 0.47 per cent
Sebi has proposed to examine the margining system of stock market, in an effort to make the system easier for retail investor.
Yes Bank was the top gainer in the Sensex pack, surging 3.76 per cent, followed by SBI at 3.18 per cent.
With pressure mounting on 18 regional exchanges to demutualise, some bourses have decided to shut shop, while others are going in for demutualisation - leading to an eventual consolidation.
The Sensex resumed lower at 28,566.50 and dropped further to 28,183.32 before finishing at 28,227.39, showing a loss of 490.52 points or 1.71 per cent.
Top losers in the Sensex pack include Bharti Airtel, Infosys, Asian Paints, RIL, Coal India, HDFC Bank, HDFC, TCS, ONGC and M&M, falling up to 3.09 per cent.
The NSE Nifty ended 55.75 points, or 0.57 per cent, higher at 9,912.80 after moving between 9,925.75 and 9,882.
He told global investors that the Indian market was vibrant and regulations were in place -- a comment possibly aimed at soothing foreign institutional investors.
Market sentiment suffered a jolt after other Asian markets closed with widespread losses and European markets dropped in early trade
Markets extended losses after the first hour of trade with HDFC Group shares leading the decline.
Financial Technologies India Ltd, media house TV18 and Liberty Shoes are among the seven bidders interested in buying a stake in Delhi Stock Exchange as the defunct bourse gets ready to restart operations.
The turbulence witnessed by the stock market this year has adversely affected brokers but Motilal Oswal, Chairman and Managing Director, Motilal Oswal Financial Services says he is unruffled. "Revenues have been hit if you compare them on a quarterly basis. The earnings were exceptionally high during the last two quarters of 2007, as the benchmark indices rose more than 30 per cent during the period. Given the swift rise in share prices, this slowdown was expected."
The sculptor who made the bronze Big Bull for the BSE rubbishes reports of it being a bad omen. He is however fine with shifting of the bull to meet popular demand.
Many banks have begun to work on plans to provide assistance to brokers to ensure they do not default on any payments amid a turbulent stock market, following the finance ministry's unofficial advice to them to explore ways of supporting market players. All the actions would be initiated within the prudential framework like adhering to the limit on capital market exposure, said a top executive of another PSB.
Talking to reporters after trading on the bourses was suspended, he said that the Reserve Bank of India and all the other banks have assured that liquidity to brokers will not be an issue.
The day, being a Saturday, may add to trading volumes and volatility
Gold loan companies offer loans to financially-excluded customers and MSMEs by enabling them to monetise their gold without the need for documentary proof of income
The regulator, which is already working on new guidelines to avoid repeat of such incidents, is also investigating whether the flash crash of over 15 per cent could have been avoided or contained at an earlier stage by the exchange.
Sun Pharma was the biggest gainer in the Sensex pack, advancing 1.79 per cent.
Ramkrishna's exit comes at a time when NSE has been in focus over a new regulatory framework for high frequency trades and co-location facilities, which some believe give undue advantage to some brokers and traders
The announcement made by Sebi chairman M Damodaran that new rules on Offshore Derivatives Instruments such as PNs have come into effect in-line with the proposals made last week has put to rest all the confusion over the whole issue and normalcy is set to return to the bourses, a broker said.
Session-wise data indicates small investors have taken money off the table in more sessions than they have pumped in additional capital.
Sensex ended in green on Friday amid heavy buying.
The rally is being fuelled by across-the-board buying.
The Budget has relaxed a few safe harbour rules that aim to make it easier for fund managers overseeing offshore India-focused funds to relocate to the country.
The Bombay Stock Exchange governing board is meeting over the next couple of days to select a strategic partner.
A new wave of e-trading in partnerships with private broking houses is getting popular with banks in recent times.
Bankers and brokers allied to Brazil's Companhia Siderurgica Nacional scaling up their combined stake in the company to over 19 per cent.
The 30-share Sensex ended down 69 points at 28,192 and the 50-share Nifty closed 20 points lower at 8,551.
Comptroller and Auditor General has pulled up the finance ministry for flaws in double taxation avoidance agreements
Nultiple regulators are probing the nexus of scamsters with diamonds after a state-run bank got defrauded of $1.8 billion by designer jeweller Nirav Modi.
Exchanges have twin roles: commercial and regulatory.
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