When he promised to unlock the stock market's hidden potential through a 'matarani puja', the woman fell for the trick. Hoping to see her investment double, the woman kept transferring money for at least 6 months before realising she was duped.
From Dirhams to Mercedes, Bishal Phukan enjoyed a life on the false promise of disproportionate returns.
These stocks are blocked from trading but investors are made to believe otherwise.
Fake apps encourage people to transfer money to be managed, claiming that it will done by the brokerage
They will also show certificates purportedly issued by SEBI and the exchanges, the release said
Indian equity markets are expected to open flat with a positive bias on Tuesday amid weakness in global peers. The Asian markets traded lower, while the US stock indices ended in the red overnight. On Monday, the Indian stock market indices ended at their record closing highs, witnessing the biggest one day rise in over one year. After making a fresh new high on December 4, all eyes are on Bank Nifty’s next move now. The banking index jumped 1,617 points on December 4 to hit a record high at 46,484.45, supported by ICICI Bank, State Bank of India (SBIN), Kotak Bank, Punjab National Bank (PNB) and IndusInd Bank. Stocks to watch include Honasa Consumer, HCL Technologies, CAMS and a bunch of PSU banks and private banking names amongst others. Catch Moneycontrol's Nickey Mirchandani with Prashant Sawant- Founder, Catalyst Wealth and Gautam Duggad - Motilal Oswal Financial Services Ltd.
AU Small Finance Bank posted strong numbers despite the stock underperforming both the Nifty and the Bank Nifty in the last four months. MC Pro expects AU SFB to continue on the high-growth path, as it has adequate capital, the right products, cross-sell opportunities and technology backbone to stay ahead of competition. Watch the video for more
The Securities Appellate Tribunal has set aside the over Rs 1 crore penalty imposed by Sebi on Apollo Tyres with respect to buyback of shares and has directed the regulator to pass a fresh order.