The surge in trading volumes has sparked concerns among authorities and market participants alike, triggering a debate on how best to address the risks associated with derivatives trading
The intention of the new law is to curb spread of misinformation by market manipulators, particularly those indulging in what is termed as ‘pump and dump’ practice. But the wording of the revised clause is so wide that it has the prospect of even stifling genuine discussions, analysis and possibly even casual recommendations amongst friends
The market regulator has levied a fine of Rs 3 crore on Ramkrishna, Rs 2 crore each on the NSE, Narain and Subramanian and Rs 6 lakh on V R Narasimhan, who was the chief regulatory officer and chief compliance officer.
According to a media report, the company currently has 11.42 percent shares with the public against 25 percent that is needed to comply with SEBI norms.
PK Mukherjee, MD of Sesa Goa, in an interview with Udayan Mukherjee and Mitali Mukherjee, spoke about the latest happenings in his company and gave his outlook for the company going forward.