SEBI's Regulatory Actions
SEBI is tightening the reins! The regulator is pushing banks for better compliance to curb insider trading risks. It has also taken actions against finfluencers.
Additionally, SEBI has relaxed IPO norms for large firms. NSE and BSE have fined MTNL ₹673,780 for non-compliance. These actions aim to ensure market integrity.
Market Performance Overview
The Sensex closed 410 points higher, and the Nifty reached 24,715 on the first day of the GST council meeting. 14 smallcap stocks hit all-time highs, with Apollo Micro zooming 80% in a month. The rupee defied Asian currency weakness and ended 9 paise higher at 88.07/$. It's a mixed bag out there!
IPO & Derivatives Updates
SEBI is making changes to IPO norms for large firms and proposing a new closing auction framework for liquid derivative stocks. Furthermore, SEBI issued new rules for monitoring intraday derivative positions. These changes are designed to refine the market mechanisms and improve investor protection in India.
Bank & Corporate News
BoM plans a ₹2,000 crore equity issue, which will bring the government stake below 75%. Arkade Developers shares gained 3% after a ₹148-crore acquisition deal. Meanwhile, US firm Jane Street is contesting SEBI's market manipulation charge. These developments showcase the dynamic nature of the Indian market.
