The current volatility in the stock market is a good opportunity to put money into shares, said Aashish Somaiyaa, CEO of Motilal Oswal Asset Management Company. He said India continued to be in a ‘long term bull’ market and the fundamentals of the economy continue to be robust. “Any extraneous development which gives an opportunity […]
With the market showing extreme volatility, the Indian Oil Corporation’s offer for sale of 24.3 cr shares did not get adequate response from retail investors. Though 20% of the offer was exclusively reserved for retail investors, the company managed to get subscriptions for only about one-fifth of this quota. A 5% discount was also offered […]
Indian stock markets saw the biggest absolute decline (in terms of index points) today, with the benchmark BSE Sensex declining 1624 points and the Nifty down 491 points, or about 6%. The sell-off was triggered by global capital shift away from equities, which have been going up more or less uninterrupted for nearly five years. […]
Institutional Investor Advisory Services India Limited (IiAS) has said that many Indian companies are disregarding the boundaries imposed on related party transactions brought in by new SEBI norms brought in over the last few years by passing vague enabling resolutions. IiAS is India’s leading proxy advisory firm and offers voting recommendations on shareholder resolutions. It […]
Indian stock markets, which have gained 40% over the last 18 months over the election of a strong government at the center, looks ripe for a deeper correction, a report by Business Monitor International (BMI – part of the Fitch Group) said. “Indian equities are looking precarious, and a deeper correction looks highly likely as […]
Following a similar move by BSE, larger peer National Stock Exchange of India has now issued notices to 115 active listed companies to include women directors on board. “The exchange has conducted a study of listed companies recently. About 88% of the companies seem to have complied with the SEBI directive among the NSE listed […]
NSE has today filed a defamation suit against an organization for publishing what it called unsubstantiated and misleading reports against the exchange. The suit also names the officials of the organization that published such reports, the exchange said. “The exchange has sought withdrawal of those reports etc, as well as, has made a claim of […]
BSE said it has issued advisory letters to 530 companies regarding levy of fines for non-compliance with the said provision within the prescribed timelines. The notices were sent following a circular by Securities and Exchange Board of India. SEBI, via its circular dated April 8, 2015 had prescribed the schedule of fines to be levied […]
Greenlam Industries, a specialist in laminates and veneers, got listed on the National Stock Exchange and Bombay Stock Exchange today. Last year, Greenply Industries had announced the demerger of its collective business and formed Greenlam Industries to manage the group’s decorative business with all its assets and liabilities. With the listing of Greenlam Industries today, […]
Three of the top four stocks held by mutual funds in India are bank stocks – ICICI Bank Ltd, HDFC Bank Ltd and State Bank of India, with Infosys Ltd being the sole exception. ICICI Bank and HDFC Bank were the top holdings, with ICICI alone accounting for about Rs 14,300 crore, or about 5% […]
Achhe din seems to have arrived for the stock market already as Asia’s first stock exchange, BSE, set a new record today by executing nearly 46.5 crore (465 mln) orders. Earlier this year in April 2014, BSE had launched its equity trading platform software ‘BOLT Plus’. The BSE trading system (Bolt Plus) is based on […]
It often happens that when a company is investing heavily into a strategic, next-generation project, its margins take a hit and the stock goes down. The reaction to attributed to investors’ inability to full understand a company’s business and priorities. But sometimes, it way work the other way too. The stock of Infosys actually went […]
Demand for gold, real estate and other physical forms of savings in India could decline in the coming months due to an expected fall in inflation, Morgan Stanley said. Gold, oil and real estate prices have risen many fold in the last one to two decades. They have risen faster in the last ten years […]
