On Wall Street, major US indices mostly pulled back, although the tech-heavy Nasdaq edged up after heavy selling on Thursday.
The relief brought by the end of the longest shutdown in American history quickly gave way to market swings after a host of Fed speakers threw cold water on bets for further policy easing
It is believed BSE is analysing the trades to examine if there was any manipulation, as part of exchange's surveillance mechanism.
The proceedings were triggered by SEBI’s finding that the company failed to obtain shareholders’ prior approval for the continuation of Jawahar Lal Goel as a non-executive director between June 25 and September 19, 2022.
Analysts say the verdict removes an element of political noise but doesn’t alter the underlying market narrative, which has already been anchored in strong central spending, steady reforms and improving state-level execution.
Salgaocar’s petition also says that SEBI’s interim order has damaged his reputation and is threatening his livelihood. Matter is pending before SAT for hearing.
The overnight move lower in the dollar came alongside a selloff in U.S. equities and bonds eerily reminiscent of the market turmoil in April, as investors pared back bets of a Federal Reserve rate cut in December.
The Dow Jones Industrial Average fell nearly 800 points from its own record set the day before, while the Nasdaq composite lost 2.3%.
The main exchanges in Europe and on Wall Street were down across the board, following modest gains in Asia.
Infometrics was also asked to implement non-monetary corrective measures, including, appointment of an external auditor to review and certify its credit rating models, and conducting independent training for employees which it complied.
SEBI Chairman Tuhin Kanta Pandey has earlier announced about these two changes in his speech at 12th SBI Banking and Economic Conclave on November 6, in Mumbai.
One Sebi official has confirmed the development while requesting not to be named. “Sebi has directed exchanges to investigate the violations and submit a report,” the source said.
The Dow rose 0.7 percent to finish at 48,254.82, its first close above 48,000 as some market watchers pointed to a rotation to industrial names amid worries that artificial intelligence stocks are overvalued.
Nasdaq 100 futures climbed 0.6% as Nvidia Corp. led gains across the Magnificent Seven in premarket trading
The moves come in a year when foreign investors have pulled out nearly $17 billion from Indian equities and the economy faces pressure from high tariffs imposed by the US on India's exports
The service will aim to expand mutual fund access to investors, particularly in India’s tier-2 and tier-3 cities where NCDEX has a broader reach
MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.1% in early trading as members of the House of Representatives prepared to vote on a measure that could restore funding to government agencies and end a shutdown that started on October 1 and is now the longest in US history.
The U.S. Senate passed a deal on Monday that would restore federal funding after the record-long shutdown.
SEBI observed a significant gap between Angel One’s internal audits and regulatory findings. While the broker’s own audit of the three APs had not reported any irregularities, SEBI’s inspection uncovered several violations,
Sebi’s Internal Committee (IC) proposed a settlement amount of Rs 39.97 lakh, which was later approved by the High-Powered Advisory Committee (HPAC) and Sebi’s Whole-Time Members (WTMs).
NISM certificates are used for individual traders who are shown as brokers’ employees.
The lure of easy riches attracts newbie traders to an activity that is dominated by highly skilled, deep-pocketed veterans who also hold a technological edge over retail traders
The prospect of operations resuming in the world's biggest economy helped temper lingering worries about extended tech valuations amid talk of an AI bubble.
The S&P 500 Index gained 1.1% at 12:40 p.m. in New York, paring an initial advance of as much as 1.3% earlier in the session
SEBI’s existing code on conflict of interest for board members was voluntarily adopted by the board in December 2008, when C B Bhave was the Chairman.