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Axis Securities to acquire Karvy broking accounts
Axis Securities Ltd. has emerged as the successful bidder for trading accounts (broking accounts) held by Karvy with NSE, BSE, and MSE. The said transfer of trading accounts is subject to the remittance of the bid amount and submission of the necessary documents in relation thereto. Once the process is complete, the customer base of Axis Securities will surge from 2.5 million to over 3.6 million.
Why did they shut the market down when only indices were not refreshing? Ajay Srivastava asks
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S&P BSE BANKEX biggest sectoral gainer, up nearly 4%. This is how the index stocks are faring
HDFC Bank, RIL, ICICI Bank top Nifty movers
HDFC twins, ICICI Bank, RIL biggest boost to Sensex
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Sensex surges over 500 pts to top 50,250 mark, Nifty crosses 14,850
Expiry eve is a crucial day for expiry-related trades as time decay sets in. As indices froze a little after 10 am, FNO trades that reference such benchmark indices also slowed down. With hardly an hour’s trade possible for such index-based traders, the higher margins on F&O positions may have been a double whammy. Towards this end, BSE being open may not have been much solace, but certainly a backup avenue for cash traders. Fortunately, VIX had calmed down after Monday’s steep fall, and the extended session post 3:45 pm could help settle things. As of Tuesday, Nifty and Bank Nifty rollovers were at 40.9 and 36.7 respectively, in line with what is usually seen on similar days of previous expiries.
– Anand James, Geojit Financial Services
BSE, NSE extends trading hours till 5 pm today
NSE TECHNICAL GLITCH | Nifty near 14,800, Sensex soars over 350 points as bourses extend trading hours for the day
BREAKING | BSE, NSE extend trading hours till 5 pm today; NSE trading to resume from 3:45 pm
BREAKING | BSE equity market to remain open till 5 pm
ETMARKETS CONCLAVE CRYPTOCURRENCY | How does the Bitcoin work? Watch LIVE
IIFL Finance raises Rs 100 crore via NCDs
IIFL Finance said it has raised Rs 100 crore through non-convertible debentures (NCDs) on a private placement basis. The NCDs will be listed on NSE, it said.
Nifty50 is currently in a consolidative phase; we expect the same to continue for the next few weeks. The broader range is seen at 14,500-15,200. From a medium-term perspective, the undertone remains extremely positive, and we expect the index to test 16,000 odd levels. Banking, metals and realty remain preferred picks, and can be accumulated on corrections.
– Sahaj Agrawal, Kotak Securities
Tata Power raises Rs 900 crore via debentures
Blackstone-backed Sona Comstar files papers with Sebi for Rs 6,000 cr IPO
Sona BLW Precision Forgings Ltd, an automotive technology company, filed its papers with the regulator to raise Rs 6,000 cr via Initial Public Offering (IPO).