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The momentum indicators are also suggesting some corrective action. Thus traders should look to remain short at the current levels for the corrective move. Overall trend is still bullish, analysts said.
Market may look for signals from macro data
Ashwin J Punnen
10 Dec 2019 2:15 AM

Sectorally it was a mixed bag with auto leading the pack with gains of 0.8 per cent, followed by metals, oil and gas and energy.

In fact, many prop brokers offer Rs 500 per PAN of an individual retail client. By using a retail PAN number, prop brokers make offline order entries in the last five minutes of the closing time of the OFS day by uploading into the BSE/NSE order-taking OFS window, sources said.
Glitches at BSE, NSE cause trouble for investors in OFS
Ashwin J Punnen
10 Dec 2019 2:15 AM

According to sources, exchanges system is not able to handle such a large number of transactions at the closing time.

Lenders have turned cautious after Sebi banned Karvy for misusing client securities.
Banks begin fact check on pledged securities
Ashwin J Punnen
10 Dec 2019 1:55 AM

Karvy Fallout: Lenders may cut exposure to brokers.

The US Fed meeting outcome and progress in Trump's impeachment process will be major international events while listing of Ujjivan Small Finance Bank IPO and fundraising by Yes Bank will be domestic factors that traders would keep an eye on.
Market in corrective mode, may turn volatile
Ashwin J Punnen
09 Dec 2019 2:25 AM

The market will be looking forward to the release of industrial production, retail and wholesale inflation figures this week.

Foreign institutional investors sold shares worth Rs 1,731.33 crore in the capital market in the previous session.
Market cautious ahead of MPC meet
Ashwin J Punnen
04 Dec 2019 1:51 AM

Banking stocks saw selling pressure as investors took a cautious stance ahead of the RBI monetary policy meet outcome this Friday.

The decision came after Bajaj Finance challenged Sebi's decision to return to Karvy’s clients the securities that the broking house had illegally pledged to raise money for itself.
Transfer of stocks to Karvy clients halted on SAT order
Ashwin J Punnen
04 Dec 2019 1:32 AM

Interim stay follows appeal by Bajaj Finance & private banks.

ction by the bourses follows the November 22 Sebi order, which had in its preliminary findings held that the brokerage firm had misused client securities and used it for other purposes. Karvy had sold clients securities and the proceeds were transferred to related party businesses, such as Karvy Realty Ltd.
Karvy Stock Broking’s trading licence suspended
Ashwin J Punnen
03 Dec 2019 1:53 AM

Exchanges cite non-compliance with market rules.

Given the inflationary trend, there is a likelihood that a 25 bps rate cut may not follow but in order to tackle the slowdown, rate cut is the only tool available with the RBI, thus it will be a tough call for the MPC to take, analysts said.
RBI policy, macro data to drive market
Ashwin J Punnen
02 Dec 2019 2:20 AM

Investors will be closely monitoring foreign fund flows, crude movement and the rupee.

Sebi Chairman Ajay Tyagi said compliance to the corporate governance should be on a principled basis and not merely from a "tick-mark" perspective where a company only looks at mandated requirements.
Sebi to review related party transactions
Ashwin J Punnen
28 Nov 2019 1:50 AM

Some listed companies, especially due to their family-driven nature, have been found to be wanting on the related-party transactions.

Jaspal Singh Bindra
Centrum Group expanding foreign operations
Ashwin J Punnen
14 Nov 2019 6:28 AM

Centrum, founded in 1997, has a pan-India presence in 84 cities.


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