Report Wire

Tag: NSE

  • NSE seeks feedback on submission of board assembly outcomes in XBRL format

    Leading bourse NSE has sought feedback from listed entities on the proposal emigrate from PDF to XBRL format to submit board assembly outcomes to assist the alternate in analysing the information.

    The suggestions has been sought until October 15, the National Stock Exchange (NSE) stated in a round.

    XBRL (eXtensible Business Reporting Language) is a language for the digital communication of enterprise and monetary knowledge used for enterprise reporting all over the world. It offers main advantages within the preparation, evaluation and communication of enterprise info.

    Under the foundations, listed entities are required to submit periodical compliance filings to inventory exchanges inside prescribed timelines and accordingly have been mandated to report XBRL-based filings for financials from the 12 months 2015 onwards.

    Over the interval, inventory exchanges in a phased method have been aiming to transform filings made below the Securities and Exchange Board of India (Sebi) guidelines from PDF to XBRL format.

    With an goal to standardise securities market knowledge, it was deliberated that XBRL could be carried out for all company filings.

    Accordingly, inventory exchanges have carried out XBRL-based compliance submitting mechanisms, that includes an identical and homogenous compliance knowledge constructions that won’t solely ease the compliance burden on listed entities but in addition allow the evaluation of the information submitted by the listed entities.

    Further, on this regard, submitting of the result of a board assembly associated to dividends, buyback, bonus shares and voluntary delisting, would require listed entities to file the identical in XBRL codecs.

    Accordingly, NSE has sought feedback “on the proposal to migrate from Portable Document Format (PDF) to XBRL format for submitting corporate announcements for the outcome of a board meeting by listed entities to stock exchange pertaining to dividend, buyback, bonus shares and voluntary delisting as required under the provisions of Sebi’s LODR (Listing Obligations and Disclosure Requirements) rules”.

    In addition, the alternate has issued a draft format additionally for making such bulletins.

  • Why you could not be capable of log in to your demat account from 1 Oct

    September 30 is the deadline for demat account holders to allow two-factor authentication to proceed utilizing their accounts. A round launched by the National Stock Exchange (NSE) in June stated that prospects ought to allow 2-factor authentication (2FA) utilizing data/ possession issue and biometric authentication.

    Knowledge issue authentication is finished with one thing that solely the person is aware of, equivalent to a password, whereas possession issue consists of one thing that solely the person has entry to, equivalent to a one-time password (OTP) or a token generated on an authenticator app. Biometric authentication, because the identify suggests, makes use of fingerprint scanning, face recognition or voice recognition.

    NSE in its round stated customers ought to ideally use biometric authentication as one of many authentication elements together with the data issue or possession issue. In circumstances the place biometric authentication is just not potential, customers ought to use each data and possession elements along with the person ID for 2FA. “In case of OTP, the identical must be despatched to shoppers by each e-mail and SMS on their registered e-mail ID and Mobile quantity,” the circular said.

    Informing its users, Zerodha on its website said “As per new exchange regulations (PDF), it is mandatory to enable TOTP (Time-based OTP) 2Factor login on your account before 30th Sep 2022, failing which, you will not be able to login to Kite.” Kite is Zerodha’s buying and selling platform.

    TOTP is generated for a short while interval of 20-30 seconds on an authenticator app, equivalent to Google authenticator, Authy, Microsoft Authenticator.

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    First article

  • Stock Market Today: Sensex slips almost 400 factors in opening offers, Nifty hovers close to 17,550-mark

    Market Today: The benchmark fairness indices on the BSE and National Stock Exchange (NSE) opened over 0.6 per cent decrease on Wednesday taking cues from their world friends.

    At 9:15 am, the S&P BSE Sensex was down 386.02 factors (0.65 per cent) at 58,810.97 whereas the Nifty 50 was buying and selling at 17,546.80, down 108.80 factors (0.62 per cent).

    On the Sensex pack, the losses within the early commerce had been led by IndusInd Bank, Tech Mahindra, Axis Bank, HCL Technologies, Kotak Mahindra Bank, Reliance Industries (RIL) and HDFC Bank. In distinction, Asian Paints, Nestle India, Hindustan Unilever (HUL), Power Grid, NTPC and ExtremelyTech Cement had been the highest gainers.

    More to observe

  • ED arrests former NSE MD and CEO Ravi Narain in money-laundering case

    By Online Desk

    The Enforcement Directorate (ED) on Tuesday arrested former NSE MD and CEO Ravi Narain in a money-laundering case, say officers.

    According to sources, ED is investigating cellphone tapping and co-location issues. However, there isn’t a readability during which case ED has arrested Narain.

    The anti-money laundering company had registered a case towards him, together with ex-NSE chief Chitra Ramakrishna and former Mumbai Police Commissioner Sanjay Pandey underneath prison sections of the Prevention of Money Laundering Act (PMLA) on July 14.

    Narain was the MD and CEO of NSE from April 1994 to March 31, 2013. Thereafter, he was appointed vice-chairman, in a non-executive class on the corporate’s board from April 1, 2013, to June 1, 2017.

    Further particulars are awaited.

    The Enforcement Directorate (ED) on Tuesday arrested former NSE MD and CEO Ravi Narain in a money-laundering case, say officers.

    According to sources, ED is investigating cellphone tapping and co-location issues. However, there isn’t a readability during which case ED has arrested Narain.

    The anti-money laundering company had registered a case towards him, together with ex-NSE chief Chitra Ramakrishna and former Mumbai Police Commissioner Sanjay Pandey underneath prison sections of the Prevention of Money Laundering Act (PMLA) on July 14.

    Narain was the MD and CEO of NSE from April 1994 to March 31, 2013. Thereafter, he was appointed vice-chairman, in a non-executive class on the corporate’s board from April 1, 2013, to June 1, 2017.

    Further particulars are awaited.

  • Markets settle modestly decrease in risky commerce

    The Sensex and Nifty closed modestly decrease on Tuesday after traders offloaded FMCG, IT and banking shares within the final hour of commerce amid blended world cues.

    The promoting stress emerged in direction of the fag-end of the session.

    After rising over 320 factors in intra-day commerce, the 30-share BSE Sensex pared all positive aspects to settle 48.99 factors or 0.08 per cent decrease at 59,196.99. During the day, it hit a excessive of 59,566.67 and a low of 58,974.26.

    The NSE Nifty additionally slipped 10.20 factors or 0.06 per cent to 17,655.60.

    From the Sensex pack, Bajaj Finserv, Kotak Mahindra Bank, Hindustan Unilever, Mahindra & Mahindra, Bajaj Finance and Nestle have been among the many main laggards.

    On the opposite hand, Bharti Airtel, NTPC, Tata Steel, Reliance Industries and Power Grid have been among the many main gainers.

    Elsewhere in Asia, markets in Seoul, Tokyo and Shanghai ended within the inexperienced, whereas Hong Kong settled decrease.

    Equities in Europe have been buying and selling greater in the course of the mid-session offers. The US markets have been closed on Monday.

    “Domestic indices wiped out its early gains to close flat, tracking mixed global cues,” mentioned Vinod Nair, Head of Research at Geojit Financial Services.

    Meanwhile, the worldwide oil benchmark Brent crude declined 2.37 per cent to USD 93.47 per barrel.

    Foreign institutional traders (FIIs) offloaded shares value Rs 811.75 crore on Monday, as per the change knowledge.

    “Nifty failed to capitalise on the early gain as profit-taking happened,” mentioned Rupak De, Senior Technical Analyst at LKP Securities.

  • Markets fall after early positive aspects monitoring weak world equities

    Equity benchmarks gave up early positive aspects on Wednesday and had been later buying and selling decrease in tandem with weak world markets.

    The 30-share BSE Sensex, which climbed 82.36 factors to 59,113.66 in early commerce, later fell within the unfavorable territory. Similarly, the broader NSE Nifty had superior 27.9 factors to 17,605.40 in preliminary commerce however failed to hold ahead the momentum.

    Both the benchmark indices had been buying and selling decrease later, with the Sensex falling 146.56 factors to 58,884.74 and the Nifty declining by 43.95 factors to 17,533.55.

    From the Sensex pack, Asian Paints, Titan, Larsen & Toubro, Maruti, Hindustan Unilever, Nestle, Tata Steel, Bharti Airtel and State Bank of India had been among the many main laggards.

    On the opposite hand, IndusInd Bank, Sun Pharma, Reliance Industries, ITC and Power Grid had been the gainers.

    In Asia, markets in Shanghai, Tokyo and Hong Kong quoted decrease, whereas Seoul traded within the inexperienced in mid-session offers.

    The Wall Street had ended decrease on Tuesday.

    The BSE benchmark climbed 257.43 factors or 0.44 per cent to settle at 59,031.30 on Tuesday. The Nifty superior 86.80 factors or 0.50 per cent to 17,577.50.

    Meanwhile, the worldwide oil benchmark Brent crude declined 0.40 per cent to USD 99.82 per barrel.

    Foreign Institutional Investors (FIIs) purchased shares value Rs 563 crore on Tuesday, in line with alternate information.

  • Stock Market Today: Sensex crashes over 400 factors in early offers, Nifty dips beneath 17,650-mark

    Sensex, Nifty Today: The fairness benchmark indices on the BSE and National Stock Exchange (NSE) opened over 0.6 per cent decrease on Monday taking cues from their Asian friends.

    At 9:16 am, the S&P BSE Sensex was down 401.03 factors (0.67 per cent) at 59,245.12 whereas the Nifty 50 crashed 120.65 factors (0.68 per cent) to 17,637.80.

    On the Sensex pack, Kotak Mahindra Bank, Wipro, Axis Bank, Tech Mahindra, Bajaj Finserv, HCL Technologies, IndusInd Bank, HDFC Bank, Tata Steel and Bajaj Finance have been the highest laggards in early commerce Monday. In distinction, Power Grid Corporation of India, Hindustan Unilver, Dr. Reddy’s Laboratories, ITC, NTPC and Reliance Industries have been buying and selling within the inexperienced.

    “Despite a multiple headwinds like rising interest rate, monetary tightening and volatile commodity costs, the Nifty has outperformed global markets since Dec’21. The commodity prices corrected in few weeks, offers some relief to the adverse macros which supported the market to gain 16 per cent from its Jun’22 low. While DII started selling, FIIs bought worth Rs 445 bn so far in Aug’22 into Indian equites. The earnings season has ended with strong revenue growth while pressure continued on the margins due to commodity inflation. More downgrade seen in EPS compared to upgrades. We expect FII to remain net buyers as valuations are comparatively reasonable while India’s growth is high compared to other emerging nations. Though near term negatives in terms of concerns of depreciating rupee, widening trade deficit and volatility in global crude prices continue to exert pressure on economy and equity markets, we expect strong economic rebound, normalized commodity prices, inflation within a targeted range and better visibility in 2HFY23E,” stated Mitul Shah, Head of Research at Reliance Securities.

    Global Market (from Reuters)

    Asian shares slipped on Monday and the greenback prolonged its climb amid angst over international progress as most main banks maintain elevating charges, whereas a modest easing by China served solely to spotlight troubles in its property market.

    Federal Reserve Chair Jerome Powell headlines a bunch of coverage makers at Jackson Hole later within the week and the dangers are that he is not going to meet investor hopes for a dovish pivot on coverage.

    MSCI’s broadest index of Asia-Pacific shares outdoors Japan fell an extra 0.7 per cent, whereas Chinese blue chips dipped 0.1 per cent. South Korea’s KOSPI shed 0.7 per cent whereas Japan’s Nikkei fell 0.6 per cent, although it has drawn help from the latest sharp reversal within the yen.

    EUROSTOXX 50 futures misplaced 0.3 per cent, whereas FTSE futures have been down a fraction. S&P 500 futures eased 0.4 per cent and Nasdaq futures 0.5 per cent. The S&P 500 has repeatedly did not clear its 200-day transferring common round 4,320 and ended final week down 1.2 per cent.

  • Sensex, Nifty, Stock Market Today: Indices open flat, Sensex rises 17 factors in early offers

    Sensex, Nifty, Market Today- Share Stock Market Today: The benchmark indices on BSE and National Stock Exchange (NSE) opened on a flat observe with some optimistic bias on Friday amid blended cues within the international market.

    At 9:16 am, the S&P BSE Sensex was buying and selling at 60,314.74, up 16.74 factors (0.03 per cent) whereas the Nifty 50 was up 9.20 factors (0.05 per cent) at 17,965.70.

    On the Sensex pack, good points within the early commerce have been led by Ultratech Cement, Tech Mahindra, Wipro, M&M, Kotak Mahindra Bank and Bajaj Finserv have been the highest gainers. In distinction, Power Grid, IndusInd Bank, ICICI Bank, RIL, NTPC and Nestle India have been the laggards.

    “Nifty made a double top compared to the previous session but ended marginally higher. Large volumes and range moves mean that a lot of churning seems to be happening between sectors and stocks. With no reversal signs on the horizon, Nifty could rise towards 18,115 over the next few sessions. On the other hand, a breach of 17,833 could mean faster downsides,” stated Deepak Jasani, Head of Retail Research at HDFC securities.

    Global Markets (from Reuters)

    Asian shares have been left in limbo on Friday whereas the US greenback made all of the operating as recession clouds gathered over Europe and highlighted the relative outperformance of the US financial system.

    Added considerations concerning the well being of China’s financial system noticed MSCI’s broadest index of Asia-Pacific shares outdoors Japan ease 0.3 per cent, to be down 1.1 per cent on the week.

    Chinese blue chips have been flat, whereas South Korea misplaced 0.5 per cent. Japan’s Nikkei fared higher with a 0.3 per cent achieve due partially to a renewed slide within the yen.

    S&P 500 futures eased 0.1 per cent and have been little modified on the week having repeatedly did not clear the 200-day transferring common, whereas Nasdaq futures slipped 0.2 per cent. EUROSTOXX 50 futures dipped 0.1 per cent, whereas FTSE futures edged up 0.2 per cent.

  • Stock Market Today 2022: Indices erase intraday losses, finish with marginal good points; Sensex rises 38 pts

    Market Today, Sensex Today, Nifty Today: The topline fairness indices on the BSE and National Stock Exchange (NSE) erased their intraday losses and ended with marginal good points on Thursday.

    The S&P BSE Sensex rose 37.87 factors (0.06 per cent) to finish at 17,956.50 whereas the Nifty 50 inched 12.25 factors (0.07 per cent) increased to settle at 17,956.50. Both the indices had opened round 0.25 per cent decrease earlier within the day and traded decrease for essentially the most a part of the session, slipping as a lot as 0.5 per cent within the intraday commerce with the BSE benchmark hitting a low of 59,946.44 and the broader Nifty touching 17,852.05.

    On the Sensex pack, Kotak Mahindra Bank, Larsen & Toubro (L&T), Bharti Airtel, Ultratech Cement, Power Grid Corporation of India, IndusInd Bank, State Bank of India (SBI), ITC and Asian Paints have been the highest gainers on Thursday. In contast, Dr. Reddy’s Laboratories, Wipro, Infosys, Mahindra & Mahindra (M&M), Axis Bank, Tata Consultancy Services (TCS), Nestle India, HCL Technologies and Titan Company have been the highest laggards.

    Among the sectoral indices on NSE, the Nifty Realty index climbed 1.55 per cent, Nifty Metal rose 0.92 per cent and Nifty FMCG inched up 0.57 per cent. On the opposite hand, Nifty IT fell 0.79 per cent and Nifty Oil & Gas slipped 0.65 per cent.

    In the broader market, the S&P BSE MidCap ended at 25,286.51, up 104.51 factors (0.42 per cent) whereas the S&P BSE SmallCap settled at 28,438.57, up 95.57 factors (0.34 per cent).

    “Following the release of the Fed minutes, domestic equities experienced profit booking amid weak sentiment from global peers. The minutes showed that even while decision-makers were concerned about the impact of aggressive actions, they were in favour of raising rates further. In the domestic market, IT and pharma were the major laggards, responding to the fall in the US stocks, while financials maintained their support,” mentioned Vinod Nair, Head of Research at Geojit Financial Services.

    Global Markets (from Reuters)

    European shares dropped on Thursday, monitoring falls on Wall Street after Federal Reserve officers mentioned in coverage assembly minutes that inflation pressures weren’t easing and a European Central Bank official warned the outlook had not improved.

    By 0835 GMT, the Euro STOXX was down 0.13 per cent, whereas Wall Street futures pointed to a weaker open after the primary indexes closed decrease. MSCI’s broadest index of Asia-Pacific shares exterior Japan misplaced 0.5 per cent.

    Stocks have staged a robust rebound prior to now two months on hopes a peak within the tempo of financial tightening is close by, however they continue to be susceptible to central banker warnings that the struggle in opposition to value pressures is way from over.

    Federal Reserve officers noticed “little evidence” late final month that US inflation pressures have been easing, in keeping with the minutes of their July 26-27 coverage assembly launched on Wednesday.

  • Sensex reclaims 60K mark on FPI inflows, easing inflation

    The benchmark Sensex on the BSE reclaimed the 60,000-mark after greater than 4 months, on the again of moderating inflation, decline in international commodity costs and powerful influx from international portfolio traders (FPIs) into the home markets who’ve invested a web of Rs 36,716 crore in August until date.

    The Sensex gained 417.92 factors, or 0.7 per cent, to shut at 60,260, and the Nifty at NSE rose 119 factors, or 0.67 per cent, to shut at 17,944 on Wednesday.

    Over the final two months, the 30-share Sensex has jumped by 17.3 per cent from 51,360 to shut at 60,260 on Wednesday. The rally has not been restricted to the large-cap, however seen even within the mid- and small-cap firms. In the identical two-month interval, the BSE mid-cap and small-cap indices rallied 18.2 per cent and 17.4 per cent, respectively.

    At the guts of the latest rally has been the influx of FPIs. While international traders have been main sellers between October 2021 and June 2022, promoting greater than Rs 2.5 lakh crore value of fairness holdings in India, they turned web traders in July and have come again with sturdy investments in August. In July, the online FPI funding stood at Rs 4,989 crore and that in August until date quantities to greater than Rs 36,716 crore. On Wednesday, FPIs pumped in a web of Rs 2,347 crore.

    Experts say that whereas home traders, each retail and institutional, continued to help fairness markets with their inflows over the past 10 months, the re-entry of FPI is offering a recent thrust to markets.

    A key issue within the FPI temper turning constructive has been the moderation in home inflation over the past couple of months with the CPI numbers for July coming down to six.7 per cent. The inflation numbers had hit 7.8 per cent in April following a pointy rise in international crude oil costs and worldwide commodity and meals costs. However, because the inflation has began to melt, it has lifted investor sentiments as a decline in inflation would result in margin enchancment for firms and likewise profit India as an financial system on account of present account deficit and financial deficit. Even globally there was softening in inflation and the US reported a decline in July inflation to eight.5 per cent from 9.1 per cent in June.

    Shrikant Chouhan, head of fairness analysis at Kotak Securities, mentioned, “Bulls on Dalal Street kept the momentum going as Sensex zoomed past the psychological 60,000-mark and Nifty inched towards 18000 level on the back of softening inflation and strong FII buying in the current month. While global factors remain hazy, India is seen as a bright spot in today’s challenging times.”