Name: Markets post best September in six years despite fall
Uploaded: 2019-09-30T04:02:02.fff+05:30
Duration: T00M30S
Channel: editorji
Description: In a volatile trade, domestic markets recovered from day's lows at the last hour of trade. Sensex closed 155 points lower while Nifty dropped 30 points holding on to 11,450. Despite fall, Sensex and Nifty posted its best September in 6 years.

In a volatile trade, domestic markets recovered from day's lows at the last hour of trade. Sensex closed 155 points lower while Nifty dropped 30 points holding on to 11

Markets post best September in six years despite fall

In a volatile trade, domestic markets recovered from day's lows at the last hour of trade. Sensex&nbsp;closed 155 points lower while Nifty dropped 30 points holding on to 11,450. Despite fall, Sensex&nbsp;and Nifty posted its best September in 6 years.&nbsp;

In a volatile trade, domestic markets recovered from day's lows at the last hour of trade. Sensex closed 155 points lower while Nifty dropped 30 points holding on to 11,450. Despite fall, Sensex and Nifty posted its best September in 6 years.

Global markets under pressure as Wall Street saw the worst sell-off since October. The 500 stock gauge S&P saw the biggest drop in a month sliding 2.5%.

Global markets under pressure as Wall Street saw the worst sell-off since October. The 500 stock gauge S&amp;P saw the biggest drop in a month sliding&nbsp;2.5%.&nbsp; The tech tumble exaggerated it's losses with the Nasdaq&nbsp;Composite&nbsp;slid 3.5%, this marks it's biggest sell-off since Oct. 28. Marquee names like&nbsp;Alphabet, Facebook, and Apple all fell more than 3%, while Tesla sunk another 8%.
Traders were spooked as the 10 year yield sky rocketed to the highest level since Feb 2020 in what many traders called a flash spike.&nbsp;
Higher rates on the yield signal bad news for corporates&nbsp;especially tech companies that bank of them for lower borrowing rates.&nbsp;

SEBI responding to the trading halt has questioned by India’s largest bourse NSE on why trading did not migrate to the disaster recovery site. The

SEBI responding to the trading halt has questioned by India&rsquo;s largest bourse NSE on why&nbsp;trading did not migrate to the disaster recovery site.&nbsp;&nbsp;The DR site is a&nbsp;backup&nbsp;site which is located in another city and is a replica of the main production site in Mumbai&nbsp;
In&nbsp;fact, the National Stock Exchange had informed brokers in October that for two complete trading&nbsp;days,&nbsp;September 28 &amp; 29 the bourse had operated entirely out of the disaster recovery site, notably without any issues.&nbsp;&nbsp;Ironically the next round of testing is due end of March.
SEBI has sought a complete report including the details of internal assessments which led to the 4-hour trading halt&nbsp;on Wednesday.&nbsp;SEBI however reassured investors that&nbsp;the market regulator&nbsp;would take&nbsp;all necessary measures to ensure rectification of the underlying causes&nbsp;including addressing institutional deficiencies.&nbsp;

After a long wait, the insurance regulator IRDAI has given its final nod to Axis Bank and subsidiaries, picking up a 12% stake in Max Life Insurance. This will now fina

After a long wait, the insurance regulator IRDAI has given its final nod to Axis Bank and subsidiaries, picking up a 12% stake in Max Life Insurance. This will now finally let Axis be a joint venture partner in the company, something that the entities had announced in April 2020.
Now that all the pins have fallen in place for the deal, it also allows Axis entities to raise their stake further by 7% which they intend to do in a couple of years.
Max Life is the fourth-largest private life insurer in India, while Axis is India&rsquo;s third-largest private bank.

ndia’s largest exchange has some explaining to do to the market regulator and the finance ministry. Reports indicate SEBI and Fin Min have sought a detailed from

India&rsquo;s largest exchange has some explaining to do to the market regulator and the finance ministry. Reports indicate SEBI and Fin Min have sought a detailed report from India&rsquo;s largest exchange on the technical glitch that halted trade for over 4 hours.&nbsp;
National Stock Exchange is expected to submit it&rsquo;s report before Friday but this may just be the preliminary submission. This is not a first for the&nbsp;NSE, the exchange halted trade for 3 hours in 2017 again due to a technical glitch.&nbsp;
 In fact SEBI had slapped a Rs 50 lakh fine on NSE in 2019 when NSE NOW, a trading terminal for traders, was not working properly in Gujarat, Rajasthan and in some parts of Maharashtra.Infact&nbsp;SEBI in it&rsquo;s annual report last year had indicated the need of a plan to compensate investors for losses due to technical glitches.&nbsp;

“Government has no business to be in business” that was the clear and concise message from PM Modi as the govt batted aggressively for privatisation.

&ldquo;Government has no business to be in business&rdquo; that was the clear&nbsp; and concise message from PM Modi as the govt batted aggressively for privatisation. Putting the focus back onto development PM Modi reiterated that being in businesses distracts the govt from its main goals.
With over 100 assets identified in its asset monetisation pipeline the Prime Minister reminded India Inc that the Rs 2.5 lakh crore that they are hoping to raise via divestment will be dedicated to development goals. PM Modi added that the government will be&nbsp;having&nbsp;public sector companies only in key strategic sectors and that too only minimum companies. &nbsp;
 There were about 249 PSUs in 2018-19. Of these, 70 were loss-making, with combined losses to the tune of Rs 31,000 cr.&nbsp;

Not even an hour into trade at 10:06 am there was confusion across dealing rooms as the headline Index Nifty seemed to have been stuck at a single value and was not upd

Not even an hour into trade at 10:06 am there was confusion across dealing rooms as the headline Index Nifty seemed to have been stuck at a single value and was not updating . It was not long before traders realised there was a systemic problem as the none of the Indices listed across the NSE were updating.
 At 11:40 for the second time in the last 5 years the National Stock Exchange halted trade across segment cash and F&amp;O segment citing a technical glitch.&nbsp;
 What followed was just whispers of communication confusion with no official word from the bourse traders speculated what would happen to open positions just a day ahead of expiry.&nbsp;
 3 hours into the trading halt India&rsquo;s largest brokerage Zerodha finally decided to layout a gameplan for its users as NSE had still not provided any clarity. The discount broker tweeted Plan of action: If NSE isn't back up by 2.45 pm, we will block all new MIS &amp; CO orders for the day and attempt to square off all equity MIS &amp; CO positions on BSE. Unfortunately, we will not be able to do anything with intraday F&amp;O positions if NSE isn't back up
 It was just minutes before close that NSE announced that trading hours would be extended by both exchanges from 3:$5 upto 5 pm. The message was short and for many almost too late . Zerodha sent out a message to their clients &nbsp;if NSE had informed brokers of a potential reopening or extension of trading hours, at least by 3 PM, we, along with many other brokers would not have had to take risk mitigation measures and square off positions on BSE. Unfortunately, because there were no updates given to brokers, we had no other choice. The last minute notification of the trading extension at 3:17 PM came a little too late.

The 50 stock Nifty will have a fresh line up for the new fiscal as it will add on Tata Consumer Products while dropping state run GAIL from it’s list. This

The 50 stock Nifty will have a fresh line up for the new fiscal as it will add on Tata Consumer Products while dropping state run GAIL from it&rsquo;s list.&nbsp;
This is will mark the debut of Tata Consumer Products previously called Tata Global beverages into Nifty as it joins in ranks with peers Hindustan Unilever, Nestle, Britannia. The weight of consumer stocks in the benchmark will rise to over 11.5% with the inclusion&nbsp;
Tata Consumer holding key brands such as Tata Tea, Tetley, Tata Salt &amp; Himalayan water will be the 5th Tata Group company in the Nifty after TCS, Tata Steel, Tata Motors and Titan.

As markets continue to hover near a record high, stellar flows have kept the rupee firmly in the lead amongst emerging market currencies. Foreign investors have pumped

rupee reverses 2020 trends; outperforms peers fii inflows top $ 4 billion in a month rupee near highest level since march 2020 all eyes on gdp data on friday india likely to have exited recession

Bitcoin surged past $50,000 for the first time on Tuesday as the world's biggest cryptocurrency continues to gain confidence from investors. Bitcoin hit

Bitcoin&nbsp;rose above $50,000 on Tuesday to a new record high, building on rally fuelled by signs that the world's biggest&nbsp;cryptocurrency&nbsp;is gaining acceptance amongst mainstream investors. Bitcoin hit a new high of $50,000, and was last up 3.9% at $49,891. It has risen around 72% so far this year.
&nbsp;

In a major relief for Future Retail CEO Kishore Biyani, the Securities Appellate Tribunal (SAT) has stayed the SEBI's order restricting him from the securities market.&

In a major relief for Future Retail CEO Kishore Biyani, the Securities Appellate Tribunal (SAT) has stayed the SEBI's order restricting him from the securities market.&nbsp;SAT, however, has directed Future Group promoters to deposit ₹11 crore as an interim measure. Earlier this month, the capital market regulator SEBI&nbsp;barred Biyani, among others, from the securities market for a period of one year for insider trading in the scrip of Future Retail.

The BSE Sensex has surpassed the 52,000-level for the first time as the markets continue to make new record highs. Banking and financial stocks were the major cont

52,048.63 +504.33 +0.98%
15,294.70&nbsp; 131.40 (0.87%)

Twitter co-founder and CEO Jack Dorsey on Friday announced that he and American rapper Jay-Z will create a fund devoted to Bitcoin development, initially focu

Twitter co-founder and CEO Jack Dorsey on Friday announced that he and American rapper Jay-Z will create a fund devoted to&nbsp;Bitcoin&nbsp;development, initially focused on teams in Africa and India. The Twitter chief said in a tweet that he and Jay-Z are giving 500 bitcoin to fund an independent endowment called 'Btrust'. That amount of the cryptocurrency was worth about $24 million as&nbsp;Bitcoin&nbsp;was trading near $48,000 on Friday.

Indian equity market seems to have resumed its record-breaking rally as the benchmark indices closed at another all-time high on Thursday. The Sensex gained over

14,895.65&nbsp; 105.70 (0.71%)
50,614.29 +358.54 +0.71%
&nbsp;BSE&rsquo;s Market Cap At A Life High Of Rs 200 Lk Cr
Nifty Bank Closes Above 35,000 For The 1st Time Ever

Equity markets opened slightly lower on Thursday led by banking and financial stocks. Asian peers were trading in the red. At 9:20 am, the Sensex was 77 points down at

14,779.55&nbsp; -10.40 (-0.07%)
50,178.63 -77.12 -0.15%

The Securities and Exchange Board of India (SEBI) has barred Future Group CEO Kishore Biyani from accessing the securities market for a year after its investigatio

The Securities and Exchange Board of India&nbsp;has&nbsp;barred Future Group CEO Kishore Biyani from accessing the securities market for a year after its investigation revealed insider trading in 2017. The capital market regulator said Biyani and his brother Anil&nbsp;traded in shares of&nbsp;Future Retail through another unit using unpublished price sensitive information. This happened between March 10, 2017, and April 20, 2017, when certain businesses of FRL were recast, causing its share price to rise, it said.

Bulls are back to the equity markets as the Sensex swelled over 3,500 points in just two trading sessions after the Budget 2021 announcements. Domestic equi

14,647.85&nbsp; 366.65 (2.57%)
49,797.72 +1197.11 +2.46%

The Reserve Bank of India (RBI) has appointed an external professional IT firm for carrying out a special audit of the entire IT infrastructure of HDFC Bank, the privat

The Reserve Bank of India (RBI) has appointed an external professional IT firm for carrying out a special audit of the entire IT infrastructure of HDFC Bank, the private lender informed exchanges on Tuesday.&nbsp;RBI's move comes amid incidents of outages in the internet banking of the bank over the past two years.&nbsp;The Reserve Bank had in December&nbsp;barred&nbsp;HDFC Bank from launching its digital program and sourcing of new credit card customers.

Indigo Paints shares listed at a premium of 75% over its issue price on February 2, owing to the strong IPO subscription and bullish market sentiment. The stock op

Indigo Paints&nbsp;shares listed at a premium of 75% over its issue price on February 2, owing to the strong IPO subscription and bullish market sentiment. The stock opened at ₹2,607 on the BSE, against its public issue price of ₹1,490. Indigo Paints saw a very good response from investors as its IPO&nbsp;was subscribed 117 times.

Domestic equity markets extended their rally on Tuesday as the Budget 2021 cheered the Dalal Street. Meanwhile, global markets also improved the overall sentiment.

14,578.15&nbsp; 296.95 (2.08%)
49,630.80 +1030.19 +2.12%

Domestic equities continue to see sell-off on Thursday morning, most of which was led by pharma and banking stocks. At 9:30 am, the Sensex was 251 points in the r

13,895.55&nbsp; -71.95 (-0.52%)
47,158.36 -251.57 -0.53%

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Sep 30, 2019 16:02 IST

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