Here's how the commodities market performed today.
The fake notice bearing the regulator's logo and purportedly addressed to National Stock Exchange (NSE) was circulated on various WhatsApp groups and other social media platforms on February 21.
On June 29, the Securities and Exchange Board of India (Sebi) had imposed a penalty of Rs 5 lakh on the firm.
Sources told Moneycontrol that SEBI Chairman Ajay Tyagi met the top management of all exchanges last week to know their views on the concept of a universal exchange.
The direction has come after BSE and Sebi noticed that unsolicited messages are being sent to induce investment.
This forensic report has been prepared by E&Y and the Indian School of Business. Now, SEBI will prepare a future course of action based on the findings of the forensic report.
He urged Corporate India to start hedging in commodities, adding that speculative interest should be permitted in commodity exchanges.
The individual was collecting money from the investors with a commitment to pay assured returns, by misusing the trade name granted as a broker of ICICI Securities, said Sebi.
While EIL has been fined Rs 10 lakh for failing to furnish information, a penalty of Rs 20 lakh, Rs 10 lakh and Rs 2 lakh has been slapped on directors Srinivas Rao Marupadi, Shaik Ameer Basha and Ravinder Deshpande, respectively.
The leading bourse would report to the Sebi about the 48 companies after collecting the information. Out of the 48 firms, ten entities had already been suspended before the Sebi's directive.
Foreign banks have urged Sebi to give them extension of three months to roll over July positions after Sebi said the derivatives must be liquidated by the end of 2020.
Intraday, the rupee touched a high and low of 64.48 and 64.58 against the dollar, respectively.
The Pune Municipal Corporation (PMC) today raised Rs 200 crore by selling 10-year bonds, becoming the first civic body to tap money from this route in 14 years.
The company is coming out with an offer for sale of 3.5 crore equity shares in the price band of Rs 145 – Rs 149 per share. The issue will be open to subscription from June 19 to June 21.
The Securities and Exchange Board of India (Sebi) said that recognised stock exchanges would use imposition of fines in case of non-compliance with certain provisions of Issue of Capital and Disclosure (ICDR) Regulations.
There are, however, certain riders that the regulator has introduced. SEBI has said options trading will be allowed in agriculture products with an average daily turnover of Rs 200 crore, while for other commodities, the average daily turnover target will be Rs 1,000 crore. Further, commodity exchanges have been asked to launch options contracts on only one commodity initially.
Putting in place strict eligibility criteria, Sebi said options could be launched on futures contract of only those commodities that are among the top five in terms of total trading turnover value of previous 12 months.
The Central Board of Direct Taxes (CBDT) has exempted employee stock options (ESOPs) and duly approved mergers and acquisitions (M&As) from the ambit of capital gains tax.
"The adjudication proceedings proposed to be initiated against the applicant (Fiora Enterprises)... are settled," the Securities and Exchange Board of India said in a settlement order issued, adding that it will not initiate any enforcement action against the applicant for the default.
Over the past few years, it has expanded its reach (particularly in international markets) and added huge manufacturing capacity with focus on high-value products and branding. These past efforts are now expected to yield results.
"Trading members are requested to note that futures and options contracts (F&O) for five underlying securities shall be available for trading in the equity derivatives segment with effect from May 26, 2017," the BSE said in a circular today.
Sebi has imposed a total penalty of Rs 7 lakh on Rushil Decor and signatories of the IPO prospectus -- Vipul Vora, Ghanshyam Ambalal Thakkar, Krupesh Ghanshyambhai Thakkar, Harshadbhai Navnitlal Doshi, Shankar Prasad Bhagat and Hasmukh Kanubhai Modi.
In comparison, about 2,900 FPIs had received approval from the Securities and Exchange Board of India (Sebi) for the whole of the last financial year.
For traders, a record high on markets is like music to their ears as they can carry forward their long positions; however, for investors, it could be a tricky situation as valuations already look stretched across stocks and sectors.
Nifty 100 Low Volatility 30 and Nifty Midcap Liquid 15 index will also see changes.