SME companies listed on NSE Emerge cross ₹1 lakh crore market cap
The Nifty SME EMERGE Index launched in the year 2017, currently consisting of 166 companies from 19 sectors, has shown a CAGR of 39.78% till November 2023. Key Points
mintD-Street investors are buying dividend stocks as rally stalls
The NSE Nifty Dividend Opportunities 50 Index has rallied 22% this year while the NSE Nifty 50 Index advanced a tad below 9%, putting the gap between the two measures near a reading in 2010. “Investors are trying to buy a margin of safety as markets have already run up in the last 2-3 months,” said Rajesh Palviya, a strategist with Mumbai-based Axis Securities Ltd. Key Points
Economic TimesSebi sends notice to NSE on alleged misuse of trading software
The Securities and Exchange Board of India (SEBI) has issued a show-cause notice to the National Stock Exchange (NSE) regarding allegations that certain high-frequency traders manipulated its software to execute many orders undetected and displace other users from the system. The TAP software scandal was detected in 2013, but the authority caught up to it during an investigation into the co-location scam by income tax authorities four years later, leading to SEBI's recent intervention. Key Points
Economic TimesFormer NSE officials pay over ₹72 crore to settle 2021 trading halt issue with SEBI
The National Stock Exchange (NSE) paid a total of ₹49.77 crore and its wholly-owned subsidiary NCL, paid ₹22.88 crore, according to SEBI's settlement order. Key Points
mintNSE, NCL settle 2021 glitch case
According to the settlement order, NSE will pay a fee of ₹49 crore while NCL will pay a fee of ₹22.8 crore to close the matter. Key Points
mint
NSE settles 2021 trading glitch case with SEBI, pays Rs 49.76 crore
As part of the settlement, the NSE Clearing has also paid Rs. 22.88 crore. The 2021 trading glitch resulted in heavy losses for the broking community due to panic selling. The technical glitch was due to issues with two telecom service providers, and the bourse has multiple telecom links to ensure redundancy. Key Points
Economic TimesNifty, Sensex near all-time highs, but Zerodha CEO Nithin Kamath doesn’t feel like it’s a bull run; here’s why
Zerodha founder and CEO Nithin Kamath pointed at the active NSE clients and social media trends, which are way below their all-time highs. He said that the real competition of Zerodha is not its peers but the bank’s high FD rates. Key Points
FinancialexpressFinance Ministry clarifies on confusion over STT hike on selling options
Under the new rules, option traders will have to pay Rs 6,200 for every Rs 1 crore worth of turnover as against Rs 5,000 that is being paid currently. This translates into a hike of around 25%. Key Points
Economic TimesBHEL, India Cements, 10 others placed under F&O ban list on NSE for August 23; check full list
The securities have been put on ban under the F&O segment as it crossed 95 per cent of the market-wide position limit (MWPL), according to the NSE. However, the stock will be available for trading in the cash market. Key Points
mintSensex, Nifty end higher; shares of M&M surge 6%
The S&P BSE Sensex added 253.31 points to reach 73,917.03, while the NSE Nifty50 NSE also saw gains, rising by 79.45 points, to close at 22,483.3. Key Points
India Today
Maxposure shares debut with 339% premium on NSE SME platform
Maxposure shares debut on NSE SME platform with a premium of 339.4% after a successful IPO. The IPO, consisting of a fresh equity sale of 61.4 lakh shares, received over 900 times subscription. The stock listed at Rs 145 on NSE, compared with an offer price of Rs 33. The strong buzz was reflected in the grey market premium as well, with investors willing to pay a GMP of Rs 70. The net proceeds from the IPO will be used for various purposes including funding expenses, working capital requirements, and debt repayment. Key Points
Economic TimesRefund ₹300 cr to NSE: SC tells Sebi
The direction to disgorge cannot be sustained, a bench led by Justice Tarun Agarwala and Justice M.T. Joshi said Key Points
mintBulk deals: Cell Point (India), Olectra Greentech, Ideaforge Techno sees large buying and selling; details here
Bulk and block deals were seen in stocks like Cell Point (India), Olectra Greentech, Ideaforge Techno, Time Technoplast, Reliance Power, and Sunteck Realty. Foreign investors have picked up stakes in Olectra Greentech, Ideaforge Techno, and Time Technoplast. Key Points
mintNSE indices semi-annual rejig: Adani, RIL, TCS, other stocks to be replaced on this day instead June 29; full list here
The NSE has rescheduled its semi-annual rejig to replace stocks in various indices from June 29 to June 28 due to a Bakrid holiday. Major stocks like RIL, TCS, HCL Tech, and Adani Group firms will be reshuffled from NSE indices. Key Points
mintNifty to extend gains or fall under 18,300? Check 8 things to know before share market opens
The SGX Nifty hinted at a positive start for domestic indices BSE Sensex and NSE Nifty. Here's a look at 8 key things to know before the share market opens. Key Points
Financialexpress
ideaForge IPO price band announced, issue opens on 26 June; check size, listing date, other details
ideaForge’s initial public offer will open for subscription on Monday, June 26 and close on Thursday June 29. The stock is expected to list on NSE and BSE on Friday July 7. Key Points
FinancialexpressMRF stock price surpasses ₹1 lakh-mark intraday
Tyre major MRF Ltd. saw its share price climb above the ₹1 lakh mark in intraday trading on the BSE and NSE on Tuesday, making it the first Indian stock to trade above the six-figure mark. Key Points
The HinduMarkets open in red with Sensex at 59,122; Nifty at 17,389
BSE Sensex declines by 683.93 pts or 1.14 pc to 59,122.35, NSE Nifty drops by 199.65 pts or 1.14 pc to 17,389.95 in opening trade. Key Points
Hindustan TimesNifty to extend gains or fall under 18,200? Check US stocks, Asian markets, FII activity, SGX Nifty, more
The SGX Nifty hinted at a muted started for BSE Sensex and NSE Nifty 50. Here's a look at the key things to know before the share market opening bell. Key Points
FinancialexpressJust days after listing, Mamaearth shares slump below IPO issue price
The stock was listed at a premium of 2% on the NSE at Rs 330 and the high for this stock has been Rs 340.45 on the intraday basis. Key Points
Economic Times
NSE, BSE say functioning normal; not impacted by Microsoft outage
Glitch is causing users to see ‘Blue Screen of Death’ error messages. Country’s leading stock exchanges NSE and BSE on Friday said they are not impacted due... Key Points
The Tribune IndiaNSE to cut cash, derivative transaction charges by 1%; rival BSE stock slumps
Currently, the transaction charge in the equity delivery or cash segment is 0.00325% and in the derivatives segment, it is 0.0019%. Key Points
Economic TimesMarket cap of SME companies listed on NSE Emerge platform crosses Rs 1-lakh crore mark
The Nifty SME EMERGE index launched in 2017, consisting of 166 companies from 19 sectors, has shown a CAGR of around 40% till November. This signifies a notable track record and the growing contribution of the SME sector in the overall economic growth of the country. Key Points
Economic TimesASK Automotive makes modest debut on Dalal Street at 8% premium to IPO price
The debut of ASK Automotive on the NSE saw its share price listed at Rs 303.30 per share, marking a 7.55 per cent increase over the issue price of Rs 282. Key Points
India TodayNSE scraps plan to shift the expiry of Bank Nifty to Friday
The decision was taken after BSE requested them to consider shifting the Bank Nifty expiry to any day other than Friday, the release said. In a bit to revive its derivatives segment, BSE had relaunched its future & options (F&O) contracts on Sensex and Bankex on May 15, 2023, with weekly and monthly expiry happening on Friday. NSE's Nifty and Bank Nifty contracts expire on Thursday. Key Points
Economic Times
Will Nifty top 18,800 or fall in trade? See SGX Nifty, FII data, US Fed verdict, more before market opens
The SGX Nifty hinted at a flat start for domestic indices BSE Sensex and NSE Nifty 50. Here's a look at the key things to know in trade before the market opens. Key Points
Financialexpress75% of NSE’s trading revenue now comes from options
The share of options trading from individual investors has increased from pre-Covid levels of 25-28% to 36% at present. The share of proprietary traders declined over FY16-20, but increased thereafter. Key Points
Financialexpress