SEBI

Yes Bank Lower Circuit: SEBI Checking Role of Brokers in Stock Decline

Yes Bank Lower Circuit: SEBI Checking Role of Brokers in Stock Decline

Yes Bank opened on lower circuit yesterday as the follow-on public offer stocks were listed on the exchanges for trade.

NSE excludes 50 stocks from F&O

NSE excludes 50 stocks from F&OThe National Stock Exchange, through a circular, has decided to exclude 50 stocks from the Futures & Options segment. Most of the stocks were seen under pressure in today's trading session.

These firms, including Alok Textiles, Arvind, Ballarpur Industries, Bata India, Gateway, GNFC, Jet Airways, MindTree, NDTV, Network 18, Reliance Industrial Infrastructure, S. Kumars, Strides Arcolab, TVS Motor, UTV Software and Wockhardt. Traders will not be able to trade in F&O segment in these stocks after the expiry of contracts for existing months.

SEBI board to seek independent legal opinion on NSDL issue

SEBI board to seek independent legal opinion on NSDL issueWith the board of the Securities and Exchange Board of India, SEBI, divided on the issue related to its lawful right to inspect if the committee appointed to look into the National Securities and Depository Limited (NSDL) matter, it was decided on Monday that an independent legal opinion will be sought.

SEBI panel for relaxed norms for derivative market

SEBI panel for relaxed norms for derivative marketMarket regulator Security and Exchange Board of India plans to introduce new derivative products like lower-value contracts on individual stocks in the domestic derivative market in a bid to encourage retail investors in the option and future market.

SEBI bans First Global chairman Sharma

Shankar SharmaMarket regulator, the Securities and Exchange Board of India (SEBI) has banned vice-chairman and joint managing director, First Global, Shankar Sharma from dealing in securities for one year on allegation of manipulation of shares of some companies in 2001, leading to decline in credibility of stock exchange and erosion of investor's confidence.

The regulator found him guilty of fictitious trades during early 2001, which caused substantial variations in share prices of Zee Telefilms, Wipro, Satyam, MTNL, SBI and Infosys Technologies. He allegedly gave false orders for purchase and sale of securities without intimating actual owners of securities.

SEBI to Pyramid promoter: make open offer at Rs 250 or more

SEBI to Pyramid promoter:  make open offer at Rs 250 or moreThe shareholders of Pyramid Saimira has reason to smile as the Securities and Exchange Board of India (Sebi) has directed the company to make an open offer at a minimum price of Rs 250 to acquire additional 20 per cent shares of company from the public. Its shares are currently trading at Rs 75.40 from around Rs 38 on December 1.

SEBI has asked promoter CMD to make offer within 14 days. The Company Secretary of Chenni-based PSTL, Kanhu Charan confirmed a letter from SEBI.

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