Stocks Archives - Page 2 of 3

07 Apr

Black Monday! Sensex crashes over 2,500 pts, Nifty hits 10-month low amid global trade war fears

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#SensexcrashesNifty10Monthlow Mumbai: Benchmark indices Sensex and Nifty witnessed a sharp fall of 3 percent each on the morning of April 7 — a drop of this magnitude was last seen on June 7, 2024 — as a wave of risk-off sentiment swept across global markets. Investor anxiety intensified following China’s decision to impose retaliatory tariffs on the US, reigniting fears of a renewed global trade war. Amid the widespread selloff, all Nifty 50 constituents slipped into the red. In early trade, the Sensex nosedived by over 3,900 points, or 5 percent, while the Nifty plunged as much as 5 percent…

05 Apr

SEBI And NSE Released Revised list of designated Qualified Stock Brokers (QSBs)

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Chandigarh: Certain stock brokers, due to various factors like their size, trading volumes and amount of clients’ funds handled by them, occupy a significant position in the Indian securities market, leading to concentration of activity among few stock brokers. In order to further strengthen the compliance and monitoring requirements relating to such stock brokers and to ensure efficient functioning of securities market, SEBI vide Circulars No. SEBI/HO/MIRSD/MIRSD-PoD-1/P/CIR/2023/24 dated February 06, 2023 and SEBI/HO/MIRSD/MIRSD-PoD-1/P/CIR/2024/14 dated March 11, 2024, on “Enhanced obligations and responsibilities on Qualified Stock Brokers (QSBs)” enumerated the following parameters for designating certain stock brokers, as QSBs. 1. …

04 Apr

NUVOCO Vistas gets NCLT’s nod to acquire Vadraj Cement Ltd. for INR 1,800 Crores

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#NUVOCOVistasNCLTVadrajCement The acquisition will be made with an upfront payment of ₹1,800 crores as per the Resolution Plan Nuvoco’s installed cement capacity would increase by over 20% with consolidated capacity reaching approx. 31 MMTPA, cementing Nuvoco’s position as the fifth-largest cement group in India The transaction remains a strategic ‘value-buy’ delivering substantial growth at one of the lowest costs per ton in recent times, with approximately $60 - $65 Mumbai: The Hon’ble National Company Law Tribunal (NCLT), Mumbai Bench, has issued an order approving the Resolution Plan submitted by Nuvoco Vistas Corp. Limited for the acquisition of Vadraj Cement Limited…

03 Apr

Profit Booking: Mutual funds sold equities worth over Rs 16,000 crore in last six sessions

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#ProfitBookingMFoffloaded equities Mumbai: Between March 20 and 28, mutual funds offloaded equities worth over Rs16,000 crore, which analysts attribute to profit booking following recent gains. Mutual funds have been net sellers in Indian equities over the past six sessions, as they capitalized on the recent market rally to book profits, experts said. Between March 20 and 28, mutual funds offloaded equities worth over Rs 16,000 crore, which analysts attribute to profit booking following recent gains. In contrast, they were net buyers earlier in the month, purchasing over Rs22,900 crore worth of equities between March 1 and 19. In March, benchmark…

30 Mar

SEBI Fines Basant Maheshwari Wealth For Fee Norm Violation, Exaggerated YouTube Captions

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#SEBIFinesBasantMaheshwariWealth Mumbai: The Securities and Exchange Board of India (SEBI) has imposed a Rs 4 lakh penalty on Basant Maheshwari Wealth Advisers LLP for breaching investment adviser regulations, including violations related to misleading advertising practices. A finding from SEBI’s inspection, conducted on December 29, 2023, covering the period from October 19, 2023, to December 31, 2023, was the firm’s use of exaggerated captions in its YouTube videos. SEBI’s advertising code prohibits investment advisers from making misleading claims or using exaggerated promotional content to attract investors. The firm’s marketing practices, particularly on digital platforms, were found to be non-compliant with these…

28 Mar

Ardee Engineering Limited files DRHP with SEBI to raise Rs. 580 crore

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#ArdeeEngineeringLimitedIPO Chandigarh: Ardee Engineering Limited, an integrated design, engineering and manufacturing company having three primary business lines - pre-engineered buildings (PEB), material handling systems (MHS) and engineering services has filed the draft red herring prospectus (DRHP) with capital markets regulator SEBI to raise Rs. 580 crore through an initial public offering (IPO). According to the DRHP, the Initial Public Offering of the Hyderabad headquartered company consists of a Fresh Issue of equity shares aggregating up to Rs. 500 crore and an Offer for Sale of equity shares aggregating up to Rs. 80 crore by the Promoter Selling Shareholder, Chandra Sekhar…

23 Mar

Ashwani Bhatia, SEBI Member launches NSE’s dedicated website for Indian Municipal Bonds

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#SEBINSEMCBonds #NiftyIndiaMunicipalBondIndex Chandigarh: Ashwani Bhatia, SEBI Whole-Time Member, today launched NSE’s dedicated website for municipal bonds. The website will serve as a centralized hub for market participants, offering comprehensive data on Indian municipal bonds market including issuances, credit ratings, trading volumes, intrinsic yields, and prices along with historical performance of India’s first municipal bond index – the Nifty India Municipal Bond Index. This initiative aims to enhance transparency, accessibility, and investor awareness in the municipal bonds market in India. By providing structured information and relevant updates, the initiative is set to strengthen confidence in municipal bonds as a viable investment…

18 Mar

Empowering Women Through Aarohi: Godrej Capital’s Commitment to Inclusive Growth

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· Aarohi is a dedicated initiative that goes beyond enabling credit to drive inclusivity and create meaningful opportunities for women in India. #GodrejCapitalAarohi Chandigarh: Godrej Capital, the financial services arm of Godrej Industries Group, has launched Aarohi, an initiative to empower women beyond enabling credit. Aarohi will drive inclusive growth by expanding financial access, strengthening community initiatives, and increasing opportunities for women. It focuses on empowering women as customers, collaborating with channel partners, promoting inclusive hiring, and addressing well-being and representation. With a goal to positively impact 100,000 women over the next five years, Aarohi aims to foster meaningful growth.…

14 Mar

Caution for Investors by DAM CAPITAL ADVISORS LIMITED

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DAM CAPITAL says “Sujal Patel” & “Navdeep Bajwa” are not associated with them in any manner Mumbai: It has been brought to the notice of the Exchange that person named “Sujal Patel” & “Navdeep Bajwa” operating through mobile numbers “7054874084” & “9967603975” claiming to be associated with entity named “DAM Trade Capital” are providing securities market tips, assured/guaranteed returns on investments in stock market and offering to handle trading account of investors by asking investors to share their Login ID/Password. Investors are requested to take note that “DAM CAPITAL ADVISORS LIMITED” a registered trading member of Exchange, has informed NSE that…

25 Feb

Changes in Nifty Fixed Income indices

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The above replacements will also be applicable to Nifty India Government Fully Accessible Route (FAR) Select 7 Bonds Index (INR) Mumbai: The Index Maintenance Sub-Committee (Debt) of NSE Indices Limited has decided to make changes as listed hereunder. These changes shall become effective from February 28, 2025. Nifty India Government Fully Accessible Route (FAR) Select 7 Bonds Index (USD) The following security is being Excluded: Sr. No. ISIN Security Maturity 1 IN0020230036 7.17% GOVT. STOCK 2030 17-Apr-30 The following security is being Included: ISIN Security Maturity IN0020220037 7.38% GOVT. STOCK 2027 20-Jun-27 The above replacements will also be applicable to…