Finance+Markets

Related Topics:

Recent Posts

Short Selling Allowed – A big step forward for Indian Stock Markets

By: |

Short selling is allowed again in the Indian stock markets. Sebi today issued a circular allowing short selling, with a securities lending and borrowing mechanism to be put in place. The stock exchanges and depositories will be the implementing agencies, they have been asked to make the necessary amendments in their own statutes, develop and test software for the same. Sebi will notify the date from which short selling is allowed after the agencies confirm their preparedness for the same.
 

What is proposed?

Continue Reading →

Filed under: Finance+Markets, Top News, Policy From the Regulators, Short Selling, Stock markets

Sebi issues note on new derivatives contracts

By: |

Sebi has issued a draft report (they have called it a note) on new products to be launched in the derivatives’ segment. The idea is to make the segment more popular, something it has already become as seen by the vast difference in trading volumes in the cash and derivative markets.The note is based on the recommendations of the Committee on Derivatives Market Review led by Prof. M. Rammohan Rao.
 

Continue Reading →

Filed under: Finance+Markets, Quick News, derivatives, instruments, Policy From the Regulators, Sebi, Stock markets

SEBI makes PAN mandatory for all IPO investors

By: |

Sebi has amended its DIP guidelines that deal with public issues. Earlier, retail investors who invested up to Rs 50,000 did not need a permanent account number (PAN). That has changed now, with all investors irrespective of application size required to quote their PAN. The move will have no major impact, since most investors would have a PAN. The move does not come as a surprise, as all mutual fund investors too have to quote PAN, from July 2, 2007 in all transactions. This closes what small gaps are there in terms of information about investors. Continue Reading →

Filed under: Finance+Markets, Quick News, IPO, PAN, Policy From the Regulators, Sebi

Sebi clarifies, existing PNs on derivatives can be renewed or rolled over till 18 months

By: |

Sebi issued this clarification today. "Clarifications have been sought on para 1 of the Proposed Measures in the draft discussion paper on Overseas Derivatives Instruments (ODIs), with Indian Exchange Traded Derivatives as underlying. With regard to the above, it is made clear that there is no proposed bar on ODI contracts, expiring this month or in the following months, being renewed, provided the renewal does not go beyond 18 months.
 

Continue Reading →

Filed under: Finance+Markets, Top News, derivatives, PN, Policy From the Regulators, Sebi

Sebi draft proposal to rationalize Participatory-note issuance will rock stock markets

By: |

Indian ADRs dipped as global investors tried to assess the implications of Sebi’s draft proposals to restrict the participatory note (PN) factor in the stock market. On the NYSE, the HDFC Bank ADR was down 10.2%, Infosys was down 5.7%, Dr Reddy’s Laboratories was down 3.1%, Wipro was down 3.4%, and ICICI Bank was down 6.5%.
 

Continue Reading →

Filed under: Finance+Markets, News Analysis, PN, Policy From the Regulators, Sebi