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Sebi’s late Friday order against Karvy Stock Broking (KSBL) is a result of a nearly year-long investigation by the markets regulator. The probe was launched after investor complaints about brokers misusing clients’ stocks and funds. Starting December 2018, Sebi had been changing rules and ordering new reports from stakeholders in the market, which
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Amar Ujala buys majority stake in Cygnus Medicare for Rs 130 crore
New Delhi: Leading media firm Amar Ujala Ltd has acquired a majority stake in Cygnus Medicare, which operates a chain of super specialty hospitals, for around Rs 130 crore as part of its expansion plans in the healthcare segment.

Cygnus Medicare currently has more than 1,000 beds across its 10 super speciality hospitals in Delhi and Haryana.

"We

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Global economy about to bottom out, says Martin Pring
Martin Pring, globally an authority on market technicals, says multiple indicators are signalling that the downward momentum in the global economy is about to bottom out.

Addressing the CMT India Summit in Mumbai, he said a reversal of commodity cycle is typically a sign that economic slowdown is going to end.

Martin says the difference between

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Share market update: Auto shares in the green; Bharat Forge up 2%
NEW DELHI: Auto shares were trading in the green in Tuesday's morning session.

Shares of Bharat Forge (up 1.74 per cent) , Bosch (up 1.55 per cent) , TVS Motor Company (up 1.37 per cent) and Motherson Sumi Systems (up 1.03 per cent) were the top performers in the index.

Hero MotoCorp (up 0.71 per cent) , Apollo Tyres (up 0.65 per cent) , MRF (up

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FPIs pour Rs 17,722 crore into markets in November so far
New Delhi: Continuing their buying spree, foreign portfolio investors (FPIs) infused a net Rs 17,722 crore into the Indian markets in November so far amid encouraging domestic and global cues.

According to depositories data, overseas investors pumped in a net sum of Rs 17,547.55 crore into equities and Rs 175.27 crore in the debt segment during

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By Jeanny YuA mirror to Hong Kong’s fortunes since its 1969 launch, the Hang Seng Index has also become a reflection of China’s economic rise.

The benchmark stock gauge marks 50 years since its official debut on Sunday. Commencing as the city recovered from Communist riots two years earlier, it has served as a yardstick for Hong Kong’s rise and i

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Buzzing stocks: Vodafone Idea, YES Bank, ICICI Bank, ZEEL
NEW DELHI: Vodafone Idea with over 6.56 crore shares changing hands was leading among the most traded stocks on NSE on Tuesday.

Shares of YES Bank (number of shares traded: 2.41 crore) , Sintex Inds. (number of shares traded: 1.17 crore) , Indiabulls Housing Finance (number of shares traded: 0.94 crore) , Zee Ent. (number of shares traded: 0.55

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Sebi bets on technology; plans to rope in agency to implement data analytics project
New Delhi: Betting big on technology, Sebi is looking to hire an agency to implement a "data analytics project", through which the watchdog also wants to track possible market manipulations such as insider trading and front running.

The move is part of Sebi's effort to address and handle challenges arising out of technological advancements in the

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By Vildana Hajric and Sarah Ponczek

The market, it’s said, finds a way to maximize the pain. For everyone who fell in love with cyclical shares just in time for them to drop the most in two months this week, it’s an adage they can relate to.

Lurches in retail, technology and commodity stocks are spelling trouble for newly christened macro bulls,

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Share market update: VLS Finance, Mukand Engineering among top losers on BSE

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Seven of top-10 companies lose Rs 76,164 crore in m-cap; TCS worst hit
New Delhi: Seven of the 10 most valued domestic firms suffered a combined erosion of Rs 76,164.3 crore in market capitalisation last week, with TCS taking the biggest knock.

From the top-10 pack, only Reliance Industries Limited (RIL), HDFC and SBI witnessed gains in their market valuation for the week ended Friday.

The market capitalisation

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By DK AggarwalLet's begins with who are the millennials? T hey are those who have attained adulthood in the early 21st century and grew up just when the world became more digitally connected. When it comes to millennial investing, cash is king. Their financial goals can be understood by the terms "FIRE" (financial independence, retire early). Today
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Share market update: Thomas Cook, Star Cement among top gainers on BSE

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While continuing to trade on the expected lines, the domestic equity market headed nowhere during the week gone by and ended on a flat note. The market never really saw any directional move, as it remained within a defined range through the week.

Having oscillated back and forth in a capped range, headline index Nifty ended with a marginal gain

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Dollar, global shares gain on Xi, Trump remarks
The dollar gained and global equity markets rose on Friday on upbeat US economic data while amicable messages from Chinese President Xi Jinping and US President Donald Trump helped defuse tensions over the prolonged US-Sino trade war.

Government bond yields mostly rose as US manufacturing output accelerated in November to its fastest pace in seven

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ET Edit: Welcome action on errant brokers
Sebi has done well to crack down on brokers’ misuse of their clients money and securities. Errant brokerages should be penalised, heavily, but in a manner that protects their clients’ investments. This might entail giving the brokerage in question some time to arrange for funds to settle their clients’ dues, instead of a total and immediate cla
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Q2 GDP print, F O expiry among top triggers driving D-St next week
Traders and investors on Dalal Street would focus on India's second quarter GDP print, which is expected to dive further, besides taking cues from global factors in the expiry week ahead. If the GDP numbers surprise positively, that good be seen as a good omen for the economy and markets.

This apart, expiry of November series F-O contracts may

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Wall Street Week Ahead - Conditions may be set for Santa Claus rally
A year after the US stock market plunged, many investors believe conditions are in place to avoid another year-end pullback and possibly set the stage for a rally to finish off 2019.

A more accommodative Federal Reserve compared with a year ago is an important argument for investors who are confident the market is unlikely to see a repeat of

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Credit Suisse maintains neutral on Aurobindo Pharma, target price Rs 500

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The week that was in 10 stocks: These scrips rallied up to 78%, telcos rang louder
Benchmark equity indices settled the week flat on US-China trade concerns, premium valuations and lack of fresh triggers after the Q2 results season. The 30-share BSE Sensex added just 2.71 points to end at 40,359 for the week ended November 22. The 50-share Nifty gained 19 points to 11,914.

Here are the top stocks and sectors that created all the

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Wall Street rises with US-China trade mood, upbeat economic data
Wall Street advanced on Friday as both Washington and Beijing made positive comments on the potential for a trade deal between the world's two biggest economies and upbeat domestic economic data helped to ease investor worries.

US President Donald Trump told Fox News a trade deal was "potentially very close" following remarks by President Xi

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New portfolio management norms to safeguard investors' interest, help industry weed out non-serious players: Experts
New Delhi: Capital market regulator Sebi's new norms for portfolio managers are expected to further safeguard investors' interest and also help the industry become more competitive by weeding out non-serious players due to higher networth requirements, experts have said.

The Sebi board on Wednesday decided to raise the minimum investment amount of

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Sebi keeping -close- watch on Karvy Comtrade post KSBL bar
Market regulator Sebi is keeping a close watch on the commodity business of Karvy group, whose stock broking business has been barred from taking on new clients and executing trades for existing ones for allegedly misusing client securities.

The Sebi order will not bar the commodity business, which is run by a separate entity, Karvy Comtrade, but

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Bitcoin plummets to a six-month low on China crackdown
Bitcoin slumped to a six-month low on Friday after China's central bank launched a fresh crackdown on cryptocurrencies, warning of the risks entailed in issuing or trading them.

Bitcoin, the world's biggest cryptocurrency, fell 9 per cent to $6,929, its lowest since May, and was last down 7 per cent at $7,107.

The People's Bank of China's Shanghai

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After sacking Gautam Thapar as chairman, CG Power seeks to remove him as promoter
New Delhi: After sacking founder Gautam Thapar as the chairman of the company, fraud-hit CG Power - Industrial Solutions has moved to declassify him as promoter, as any association with him will be prejudicial to the interests of the company, according to the firm's annual report.

The company had in August stated that an investigation

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MCA wants accounts of fraud-hit CG Power to be restated
NEW DELHI: The Ministry of Corporate Affairs (MCA) wants fraud-hit CG Power and Industrial Solutions to restate accounts of the past five fiscal years reflecting the actual financial position of the company, including receivables from companies linked to erstwhile promoter Gautam Thapar, sources said.

The new management of the company, soon after

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Ray Dalio denies report hedge fund Bridgewater has bearish bet on market
Bridgewater Associates' Ray Dalio said on Friday his hedge fund does not have a net bet that the stock market will fall, taking issue with a story published earlier in the Wall Street Journal.

The hedge fund has bet more than $1 billion that stock markets around the world will drop by March, the WSJ said in its report on Friday, citing people

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RCom lenders reject resignation of Anil Ambani, 4 other directors
NEW DELHI: Reliance Communications on Sunday said its lenders have rejected the resignation of Chairman Anil Ambani and four other directors, and asked them to cooperate in the ongoing corporate insolvency resolution process.

Ambani along with four directors -- Ryna Karani, Chhaya Virani, Manjari Kacker and Suresh Rangachar -- had resigned from

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Ashoka Buildcon arm bags highway project worth Rs 1,000-crore

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The domestic equity market tried to break the hard ceiling of 12,100 level during the week, but in spite of RIL’s above-average performance, Nifty couldn’t break this magic mark.

Nifty Smallcap index clearly reflected the current state of the market, which is in a corrective phase since the beginning of the month. The current correction

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