Esm

The ESM framework, originally meant for small and microcap surveillance, was extended last year to include mainboard companies below Rs 1,000 crore in market cap.

Live: 7th Day of gain for Dow | SEBI tweaks ESM framework | Djokovic fine $8000 | Newspresso

A seventh straight day of gains for the Dow Jones making it its longest string of gains since March 2021. The S&P 500 gained 0.71%, while the Nasdaq Composite climbed 0.76% While back at home in business, SEBI along with NSE & BSE has gone ahead and revised the surveillance actions under the Enhanced Surveillance Measure (ESM) framework. And from the world of everything that's trending Djokovic has now been slapped a fine worth with $8000 for smashing his tennis racquet after the Wimbledon finale. Watch this edition of Newspresso with Stacy Pereira for your everyday shot of News.

A small EV company takes on BSE: Furore over ESM framework gets louder

BSE-listed Mercury EV Tech has challenged the framework at the Securities Appellate Tribunal, as being classified as an ESM is a virtual death knell for a company that’s trying to make an honest living

Venus Remedies stops trading as sharp rally triggers enhanced surveillance measures by Sebi

SEBI recently introduced ESM framework for micro and small companies with market cap below 500 crore, leading to trading restrictions based on price variations.

Unanimous deal reached on Greece, says EU President

Tusk said there are three conditions to be met by Greece. Finance Ministers of Euro nations will discuss bridge finance for Greece. Tusk said Greece and other national Parliaments must agree before the negotiations for the bail out package begin.

Creditors, govts must pay in any euro bank rescue: document

According to an EU document obtained by Reuters, bondholders and governments will have to contribute to gap the failing euro zone bank even when the bloc's bailout fund, ESM, offers direct aid.

EU leaders to meet on $41bn rescue package for Greece

European Union leaders are expected to clear the way for releasing 31.5 billion euro (USD 41 billion) in urgently-needed financial assistance for debt-stricken Greece at their two-day summit which opens in Brussels today.

Don't expect much from EU Summit: IG Markets

The European Union (EU) Summit will begin today and leaders are expected to try and chalk out a blueprint for a possible bailout request from Spain. Greece will also be on the agenda. But, Jason Hughes of IG Markets is not expecting much from this summit.

Euro faces 'exit of the strong'

During the summer there were a number of developments justifying optimism about the euro's survival chances. Since late September, however, the euro area's political leaders have done all they can to dash these hopes.

Spain's reluctance to seek bailout justified: OECD's Gurria

Spain's reluctance to ask for a bailout was justified, said Angel Gurria, the secretary general of the Organization for Economic Cooperation and Development (OECD), as there were signals that any calls for help by Madrid may be rejected.

Euro mkts eye ESM action after Spain's downgrade: Verstrate

Bruno Verstrate, CEO of Lakefield Partners feels it is now a test of the newly constituted European Stability Mechanism (ESM) and the European markets will be seeing how it can help Spain.

Market to focus on implementation risk of reforms: Rabobank

The Indian government has taken a lot of bold measures over the last many days. In an interview to CNBC-TV18, Adrian Foster, Rabobank says the market is now focusing on implementation risk. "These reforms have indeed caught some investor attention," he adds.

ESM may not be operational until next year: Lloyds Bank

European Stability Mechanism (ESM), which is Europe‘s permanent rescue facility, is expected to come into force on October 8. Trevor Williams, Lloyds Bank says it probably is not going to start until next year.

Germany plays down ESM leveraging prospects

Germany played down talk on Monday that Europe's new rescue fund could be leveraged four-fold to 2 trillion euros, but acknowledged discussions were under way in Brussels on giving the so-called ESM certain instruments to lure private investors.

German verdict positive; ESM likely in 2 weeks: Rabobank

Lyn Graham-Taylor, Fixed Income Strategist at Rabobank believes the verdict met expectations. Going forward, the ESM maybe operational within the next couple of weeks, he feels.

QE3 may get temporary rejoice in global markets: Udayan

The market seems to be focused only on global liquidity. In that context today is an important day because the FOMC meet ends today, said Udayan Mukherjee, managing editor, CNBC-TV18.

India will gain from global equity rally: Credit Suisse

Robert Parker of Credit Suisse AMC explains to CNBC-TV18 that the markets have responded positively to the conditions specifying German support to the ESM with a relief rally and emphasises that India will stand to benefit from the global rally in equities

German Court approves ratification of bailout fund

Germany's Constitutional Court said on Wednesday the country can ratify the euro zone's new rescue fund and budget pact as long it can guarantee there will be no increase in German financial exposure to the bailout fund without parliament's approval.

Eye on Europe; mkts to be cautious: CCAM

Mark Konyn of CCAM told CNBC-TV18, the market momentum has built over the announcements made by the ECB last week. However, before the big decision on the banking union comes out, markets are likely to be cautious.

Nifty won't cross 5450 unless Germany okays ESM: HDFC Sec

VK Sharma of HDFC Securities told CNBC-TV18 that with Nifty inching closer to 5,400 mark, people would add further positions. Resistance for Nifty is seen around 5,450 levels.

German court seen okaying EU bailout fund, strings attached

Germany's Constitutional Court is expected to give its approval on Wednesday to the euro zone's new bailout fund while insisting on guarantees to safeguard German parliamentary sovereignty and limit Berlin's financial exposure.

All eyes on European events, 2-day FOMC meeting

All eyes are on European events and two-day FOMC meeting that will begin today. European and US markets closed higher.

QE3 likely; Germany may give go ahead on ESM: Rabobank

Jan Lambregts of Rabobank International believes the German parliament will not block the affirmation of the European Stability Mechanism (ESM). He is also hopeful of seeing another round of quantitative easing from the Fed.

Investors hold markets' rally thanks to ECB action:SocGen

Patrick Legland, global head of research, Societe Generale explains to CNBC-TV18 the factors and course of events that the European markets are pricing-in and expecting from the euro zone and the FOMC which meets later this week.

Wall Street week ahead: A nice rally while it lasted

At the start of the historically weakest month for equities there are plenty of reasons to believe stocks may be just about reaching a top - at least in the short term.