Madhabi Puri Buch News

selloff in mid-cap and small-cap stocks has intensified of late as brokers are asking clients to liquidate their leveraged bets in the space in the wake of the Securities and Exchange Board of India's warning of froth in these shares. The recent crackdown on Dubai-based hawala operator Hari Shankar Tibrewala by the Enforcement Directorate (ED) for stock manipulation has also triggered panic among market operators, who are said to be cutting their positions, said brokers. As many as 70 stocks with more than ₹1,000 crore in market capitalisation have declined between 15% and 50% in the last five trading sessions while another 250 stocks have dropped 10-15% during this period.

lump sum money in its mid- and small-cap schemes from March 14, deploying flow curbs a day after Sebi chairperson Madhabi Puri Buch underscored the dangers of potential «froth» or «bubbles» in pockets of the market traditionally favoured by retail investors. Earlier, Nippon, Tata and SBI MFs put restrictions on lump sum investments in their small-cap schemes, as high valuations and strong flows make it challenging for fund managers to deploy money. But ICICI will be the first fund house to restrict lump sum investments in a mid-cap fund. It said in a notice that the fund house will not accept any fresh subscriptions through lump sum mode or switches into both its mid-cap and small-cap funds. However, it will continue to take fresh registrations through systematic investment plans (SIP) and systematic transfer plans (STP) with a limit of ₹2 lakh per PAN level per month per scheme.

MUMBAI : Bubbles in the market are not a good thing for retail investors, and mutual funds could form a common policy to protect investors in this respect, the stock market regulator said, at a time of turbulence in an overheated small and mid-cap space. The Securities and Exchange Board of India (Sebi) has already asked for results of stress tests from mutual fund (MF) trustees, stating the time it would take to liquidate portions of investors’ portfolios. “There are pockets of froth...

Also Read: T+0 settlement to begin by March 28 on optional basis, says Sebi Chairperson Madhabi Puri Buch: Report Shares of small- and medium-sized companies have powered the record rally in Indian shares in the past year, with funds focused on these stocks getting nearly 40% of net equity inflows of $19.5 billion in 2023. A gauge of small-cap stocks dropped as much as 1.7% on Monday, the biggest intraday slide since March 6.

Read here: Sebi’s T+0 settlement plan will boost liquidity, but analysts warn of impact on brokers’ business model In the first phase, an optional T+0 settlement cycle for trades till 1:30 pm is envisaged, with the settlement of funds and securities to be completed on the same day by 4:30 pm. In the second phase, an optional immediate trade-by-trade settlement will be carried out for trades till 3.30 pm.

stock updates in the language of your choice as the Central Depository Services (India) Limited (CDSL) has launched two multi-lingual initiatives in a move towards inclusivity and accessibility for users, the company said in a statement. The launch comes as the company marks its silver jubilee year (25 years of operation) and was unveiled by markets regulator Securities and Exchange Board of India (SEBI) Chairperson Madhabi Puri Buch on January 17. In the 'Apka CAS – Apki Zubaani' initiative, the Central Depository Services (India) Limited (CDSL) has upgraded the Consolidated Account Statement (CAS) to support 23 Indian languages.

Indian companies to list directly on foreign stock exchanges, a senior Nasdaq executive said. Indian companies are currently not allowed to list their shares directly on overseas markets, but global investors and top Indian startups have been calling for this to change. Allowing Indian companies to list abroad on exchanges like Nasdaq will give them wider access to capital, Nasdaq's Executive Vice Chairman Edward Knight said in an interview.

Sebi chairperson Madhabi Puri Buch on Friday said the capital markets regulator wishes to sachetise mutual fund investments going forward. Speaking at an event hosted by Business Today here, Buch said the mutual fund industry feels investments of Rs 500 per month in a systematic investment plan are viable, but Rs 250 are not and the focus will be to try to look at ways of making such investments rewarding. «We are working with them (MF industry) to see where is the cost, what can Sebi do to facilitate making it possible to bring that viability down to Rs 250 a month, because then it is the equivalent of what Hindustan Lever did with shampoo sachets.

Sebi) chairperson Madhabi Puri Buch on Friday said the inclusion of Indian sovereign bonds in the global indices would not just help the government raise resources but also deepen the country’s corporate bond market. Speaking at the industry body CII’s Global Economic Policy Forum event in the capital, Buch said: “This is hugely important for us as a country, not only because it will help the government raise resources, but once the Indian yield curve is established globally, on the back of that, the corporate bond market can also get a lot of traction, and a lot of interest from foreign investors.” “And so we are hoping that down the line, it will be a case of my name is bond. Indian bond,” she added. Finance minister Nirmala Sitharaman had in October said JPMorgan’s decision to include Indian government bonds in its widely tracked emerging market debt index could potentially lead to annual inflows of about $23 billion into the country. JPMorgan will start adding the securities from June 28, 2024 and India will have a maximum weight of 10% on the index. Same-day settlement Buch said Sebi wants to introduce the same-day settlement of trades on the bourses--or the T-plus zero regime--by the end of this fiscal year. The capital markets regulator also aims to move towards the instantaneous settlement regime within 12 months after that.

Sebi Chairperson Madhabi Puri Buch has said the regulator would certainly look into the matter if disclosures on the valuation are meaningless. The comments have come amid a slew of share sales hitting the capital market recently. Last week, five companies, including Tata Technologies, came out with their IPOs that garnered a record Rs 2.6 lakh crore in application amount. To a query about high premiums for some shares in IPOs, Buch said, «Of course, we are fully with you on this as the rationale given for high premia are nothing but some meaningless English words». «We are certainly going to look into it and address the issue,» she said. When asked about concerns in some quarters that some IPOs are priced exorbitantly, the Sebi chief said, «If disclosures on valuation are meaningless then we will certainly look into it.» It can be noted that to boost investors' interest in little-known companies' IPOs, the issuers and their investment bankers quote low face value but the issue is priced high citing a very high premium. On whether Sebi is planning to advise issuers and other market makers to space their issues in a more timely manner and with enough gaps between two issues, Buch said that is not the job of the regulator.

SM REITs, with an asset value of at least ₹50 crore vis-a-vis minimum asset value of ₹500 crore for existing REITs.The decision was approved at the meeting of the board of the Securities and Exchange Board of India (Sebi) in Mumbai. Industry experts welcomed the Sebi decision to regulate fractional ownership real estate market.

Securities and Exchange Board of India (SEBI) has pledged to address the issue of inflated valuations in Initial Public Offerings (IPOs) as several companies flood the market with their share sales. This week witnessed five companies, including Tata Technologies, launching their IPOs, accumulating an unprecedented ₹2.6 lakh crore in application amounts.

online platforms offering fractional ownership of real estate assets, and such platforms will be registered under a framework for small and medium real estate investment trusts. In a statement after its quarterly board meeting, the Securities and Exchange Board of India (SEBI) also said that fresh investments by alternative investment funds would be stored electronically from Sept. 2024. SEBI chairperson Madhabi Puri Buch said investors were losing money in equity derivatives trading and it was the regulator's duty to warn them of the risks. But Buch said the rise in equity derivatives trading did not pose any systemic concerns. The surge in trading of derivatives in an historically conservative market environment emerged after stock exchanges changed some options contracts to facilitate quicker and cheaper bets and as online retail trading platforms proliferated. Buch said SEBI has told an exchange that feedback from brokers and investors was needed before allowing extension of market hours. She didn't mention the National Stock Exchange though, which had sent a proposal for evening trading sessions to SEBI. Concerns regarding SEBI's plan to allow same-day settlement of equity market trades to help retail investors were «exaggerated», Buch said. The regulator on Saturday also approved rules for index providers, and said some indices that are frequently used by market participants will come under SEBI rules.

Securities and Exchange Board of India on Saturday approved a proposal to introduce a framework for fractional ownership of real estate assets. The regulator, however, deferred its plan to make changes to delisting rules. Sebi had proposed to allow companies to delist by coming out with a fixed price for the repurchase of shares, instead of the existing reverse book-building mechanism where they decide on the price based on the sell orders submitted by shareholders. «It (delisting proposal) was discussed in the board meeting.

social stock exchange and also decided to introduce a regulatory framework for index providers. Besides, the regulator will put in place a new regulatory framework for facilitating Small and Medium Real Estate Investment Trusts (SM REITS) apart from amending norms to strengthen the protection of investors who have pumped in money into Alternative Investment Funds (AIFs).

MUMBAI : Combined cash market turnover on the stock exchanges has hit a record high this fiscal, but is overshadowed by turnover growth of the derivatives segment, which has doubled to a record high from the previous fiscal, underscoring the retail investor craze for options. The average daily turnover (ADT) on the cash segments of the National Stock Exchange (NSE) and BSE has jumped 26% to an all-time high of ₹72,674 crore so far this fiscal (FY24), from that in the last.

MUMBAI : The Securities and Exchange Board of India (Sebi) will propose a review of its regulations for delisting stocks at its next board meeting, chairperson Madhabi Puri Buch said. “There was a popular belief that we would never review the delisting regulations and that we would stay with the reverse book-building process. A consultation paper has already been floated, and Sebi has received a lot of feedback.

Sebi) will continue with its legal proceedings against the Sahara Group even after the death of its founder Subrata Roy, its chief Madhabi Puri Buch said. “The passing of one individual does not change anything,” Buch said. “The case is against the group or entities and not against one individual.The investor refund process will continue.” She was speaking on the sidelines of a capital market conference organised by industry body FICCI. Sebi is yet to recover Rs 62,000 crore from the Sahara Group.

NEW DELHI : Investors must be cautious about stock performance claims being touted on social media, and the regulator is keen on creating an agency that will evaluate such claims, Securities and Exchange Board of India (Sebi) chairperson Madhabi Puri Buch said. Speaking at an event organized by the Association of Registered Investment Advisers (ARIA), Buch said some advisers were even providing illegal portfolio management services (PMS) to clients. More than a third of investment advisers offering stock market advice to small investors were not registered with Sebi as required under the law, she added.

Market regulator Sebi’s attempt to regulate the social media-based influencer community, though a step in the right direction, might miss its primary target of reining in the fraudulent tricksters active in the online world, say founders of wealthtech companies.Earlier this month, Sebi chairperson Madhabi Puri Buch invited ‘finfluencers’ — social media influencers who offer advice and information on financial products to their followers — to get

The Securities Appellate Tribunal has raised concerns about the credibility of Securities and Exchange Board of India (Sebi) regarding the time taken to complete investigations, particularly in relation to Zee promoter Punit Goenka’s case. “Your credibility to complete investigations within a stipulated period is not there," said the SAT bench led by Justice Tarun Agarwala. “There is no certainty that these eight months won’t be extended…Past record of Sebi is that they have always extended it.