The Securities and Exchange Board of India (SEBI) has issued an interim order cum show-cause notice (SCN) in a ₹65.77 crore front-running scam. The scam revolves around Ketan Parekh, a previously banned stock market operator, and Rohit Salgaonkar, a Singapore-based trader. Both allegedly exploited non-public information (NPI) related to trades by a major US-based fund …
The capital market regulator, the Securities and Exchange Board of India (SEBI) has dismissed the allegations against Karvy Capital Ltd (KCL) and its three directors—Ajith Bhaskaran, Hitungshu Debnath, and K.P. Jeewan. These allegations related to violations of provisions under the SEBI (Alternative Investment Funds) Regulations, 2012. Specifically, the charges claimed that KCL, as the sponsor …
The Nifty index experienced its largest single-day gain in six weeks on Thursday, January 2, surging nearly 500 points during the trading session. This marked a significant move after a 12-day consolidation period. The index crossed key levels of 23,800, 24,000, and even 24,100 before closing 425 points higher at 24,168. The last time the …
The mineral and non-ferrous metal production sectors in India have demonstrated robust growth in the first half of FY 2024-25 (April-November). This positive trend follows the record production levels of FY 2023-24, with key minerals and metals showing significant increases. The growth reflects the rising demand from crucial sectors like steel, energy, and infrastructure. Surge …
The National Stock Exchange of India (NSE) has introduced a comprehensive framework to reinforce confidence in the securities market. This initiative focuses on equipping brokers with institutional mechanisms to detect and prevent fraud or market abuse effectively. Key Objectives of the Framework The NSE’s updated guidelines aim to: Recommend best practices for trade surveillance. Identify …
In a significant development for taxpayers eligible for the Section 87A tax rebate, the Income Tax Department has announced a key update regarding the financial year 2023-24. On December 31, 2024, the department confirmed that taxpayers who were unable to claim the rebate within the original time frame can now file revised or belated Income …
The Nifty Small Cap 100 Index maintained its upward trajectory, gaining 0.64% on January 2, 2025. After recording an impressive 24% gain in 2024, the index began 2025 on a positive note, rising 1.66% in the first two trading sessions. Market Breadth Strength On January 2, 2025, the advance-decline ratio remained strong, with 72 stocks …
The Nifty Bank Index comprises the most liquid and large Indian banking stocks. It serves as a benchmark for investors and market intermediaries, reflecting the capital market performance of Indian banks. The index includes a maximum of 12 companies listed on the National Stock Exchange of India (NSE). Current Market Performance As of 2:51 pm …
The BSE Sensex and NSE Nifty50 continued their upward trend, gaining over 1.5% on Thursday. The Sensex hit a high of 80,032.87 before settling at 79,943.71, up 1,436.30 points or 1.83%. Similarly, the Nifty50 closed at 24,188.65, up 445.75 points or 1.88%, after trading between 23,751.55 and 24,226.70 during the day. This marks the second …
The combined Index of Eight Core Industries (ICI) demonstrated robust growth, increasing by 4.3% in November 2024 compared to November 2023. Positive contributions from Cement, Coal, Steel, Electricity, Refinery Products, and Fertilisers drove the index upward, underscoring the strength of India’s core industrial sectors. The Eight Core Industries – Coal, Crude Oil, Natural Gas, Refinery …
