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Market Daily Report: Selective Buying Of Defensive Stocks Lifts Bursa Malaysia Higher At Close

 KUALA LUMPUR, July 29 (Bernama) -- Bursa Malaysia rebounded to close higher on Wednesday on selective buying of defensive stocks after a volatile trading session. IPPFA Sdn Bhd director of investment strategy and country economist Mohd Sedek Jantan said consumer products and services stocks lifted the key index higher, overcoming lingering geopolitical concerns. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 3.08 points to 1,715.56 from yesterday’s close of 1,712.48. The benchmark index, which opened 1.91 points higher at 1,714.39, moved between 1,710.79 and 1,720.59 during the day’s trading. In the broader market, gainers outstripped decliners 550 to 476, while 612 counters were unchanged, 1,129 untraded, and 48 suspended. Turnover rose to 2.96 billion units valued at RM2.48 billion from 2.94 billion units valued at RM2.56 billion on Tuesday.

Indian Investors Brace for SEBI's Derivatives Curbs Amid Market Rally

As Indian equities continue to rise, investors are closely watching SEBI's upcoming board meeting , where the market regulator is expected to introduce stricter rules for retail investors trading in futures and options (F&O) . This move comes after a recent study revealed that nine out of ten traders lost money in the derivatives market, often due to competition with high-speed trading firms. If implemented, these measures could reshape the equity derivatives landscape, impacting stock exchanges, brokers, and traders. $109 Billion Boost to Power Transmission India has announced a $109 billion (9.2 trillion rupees) plan to enhance its transmission infrastructure by 2032, targeting a 33% increase in network capacity and doubling substation capacity. This massive investment will also include pumped storage projects for grid stabilization. Companies like ABB India , Siemens Ltd , GE T&D , Voltamp , Apar , KEC , and Kalpataru are expected to benefit significantly from this...

India Eyes Stricter Regulations as Tiny IPOs Surge

  India's securities regulator, the Securities and Exchange Board of India (Sebi) , is considering implementing tighter controls on micro-cap firms going public. These measures may include monitoring the use of IPO funds and imposing stricter due diligence guidelines for merchant bankers, according to a source involved in the discussions. Among the potential steps under review are mandating a longer track record of profitability and increasing scrutiny of financial statements. These considerations come in response to recent instances of fraud in the micro-cap segment , which have raised concerns among regulators. Despite these developments, Sebi is not inclined to take over the listing approval process for small and medium enterprises (SMEs) from the National Stock Exchange of India Ltd and BSE Ltd . This decision follows calls from some investors for direct oversight by the regulator. The discussions remain at a preliminary stage, and the measures may be revised before an initia...