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SEBI details its existing Enforcement Policy in response to committee's suggestions on regulatory/prosecution proceedings.
Says regulatory action is always basis of existing securities law.
New facts which were previously unknown are also actioned against basis existing framework.
Source: SEBI affidavit
Navantia and L&T have teamed up to participate in a techno-commercial bid for the Indian Navy’s P75 submarine program.
Touted as India‘s largest defence acquisition project, the project is expected to be valued at €4.8 billion or Rs 4.34 lakh crore.
Project entails the delivery of six submarines with Air-Independent Propulsion, using Navantia’s third-generation AIP solution.
Source: Exchange filing
Fixed income MF schemes see net outflow of Rs 14,135.52 crore
Actively managed equity MF schemes see net inflow of Rs 8,637.49 crore
Hybrid MF schemes see net inflow of Rs 4,611.18 crore
Source: AMFI
Max Estates Ltd., the real estate arm of the Max Group, has received pre-formal launch sales of over Rs 1,800 crore, in its first luxury residential project in the National Capital Region.
The sales were for its project, Estate 128, which is being built in Noida's Sector-128, the company said in an exchange filing. The project is set across 10 acres, with three high rise towers, housing 201 units.
Max Estates is a 100%-owned subsidiary of Max Ventures and Industries Ltd., which is a listed firm on BSE and NSE.
Shares of Max Ventures gained as much as 5% intraday on Monday to Rs 219.7 apiece.
The broader market indices were trading lower; the S&P BSE MidCap Index was down 0.45%, whereas S&P BSE SmallCap Index was 0.29% lower.
Fifteen out of the 19 sectors compiled by BSE declined with S&P BSE Consumer Durables falling the most. Four sectors advanced.
The market breadth was skewed in the favour of the sellers. About 1,396 stocks rose, 2,081 declined, while 157 remained unchanged on the BSE.
Easy Trip Planners has entered a general sales agreement with SpiceJet Airlines.
Company will sell and promote SpiceJet products and services in India.
Source: Exchange filing
Shares of Titan are trading 2.26% lower at Rs 3,073.05 apiece as compared to a 0.47% advance in the NSE Nifty 50.
Out of the 35 analysts tracking the stock, 27 maintain a buy, five recommend a hold and three suggest a sell rating, according to Bloomberg. The average 12-month consensus price estimate indicates a 1.7% downside.
RIL shares hit a 52-week high at Rs 2,756 apiece.
Nearly 100 points away from record-high at Rs 2,856 apiece.
Source: Bloomberg
Cyient DLM shares listed at Rs 403 per share on the NSE, a premium of 52.07% to its IPO price of Rs 265.
On the BSE, the stock listed at Rs 401 apiece, a 51.32% premium.
Its IPO was subscribed 67.31 times.
Source: BSE, NSE
L&T completed the transition of a $150 million term loan with Bank of America into a Sustainability Linked Loan on June 30
Source: Exchange filing
The broader market indices opened higher; the S&P BSE MidCap Index was up 0.04%, whereas S&P BSE SmallCap Index was 0.28% higher.
Ten out of the 20 sectors compiled by BSE advanced with S&P BSE Energy gaining the most. Nine sectors declined.
The market breadth was skewed in the favour of the buyers. About 1,518 stocks rose, 912 declined, while 138 remained unchanged on the BSE.
Source: BSE
At pre-open, the S&P BSE Sensex Index was up 204 points or 0.31% at 65,484.51 while the NSE Nifty 50 Index was 69 points or 0.35% higher at 19,400.35.
Source: Bloomberg
The yield on the 10-year bond opened flat at 7.16% on Monday.
Source: Bloomberg
The local currency strengthened 9 paise to open at 82.65 against the U.S dollar on Monday.
The local currency closed at 82.74 on Friday.
Source: Bloomberg
Nifty In Technical Charts: Volatility May Be Seen, But Buy At Dips
SpiceJet board will consider raising funds via equity or convertible securities on a preferential basis on Wednesday, July 12.
Source: Exchange filing
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