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Supreme Court on Monday dismissed the Securities and Exchange Board of India's appeals against a Securities Appellate Tribunal’s (SAT) July order that set aside the market regulator's penalty of Rs 25 crore imposed on Reliance Industries (RIL), its promoters Mukesh Ambani and Anil Ambani and others in April 2021 for violating takeover norms in a case related to the acquisition of RIL shares between 1994-2000. The apex court also dismissed another Sebi appeal against SAT’s December 4 order that set aside the Rs 25-crore penalty imposed by the market regulator on RIL, Rs 15 crore on Mukesh Ambani, Rs 20 crore on Navi Mumbai SEZ and Rs 10 crore on Mumbai SEZ for their alleged role in the manipulation of prices of Reliance Petroleum Ltd (RPL)s shares in November 2007. While the appellate tribunal had quashed the penalties against Mukesh Ambani, Navi Mumbai SEZ, and Mumbai SEZ in the same case, it upheld SEBI's penalty against Reliance Industries. RPL was absorbed into RIL in 2009.

Bandhan Bank and a host of small finance banks that have transitioned from microfinance business to their current avatar have faced higher slippages during the second quarter from their legacy business. Their desperate efforts to slow down micro-ticket lending to the bottom of the pyramid customers and instead raising the share of the secured portfolio did not prevent the rising credit cost. Microfinance loans are unsecured as these are not backed by collateral.

Nava Ltd on Monday announced that it would consider splitting the stock from a face value of Rs 2 per share in its upcoming board meeting, which is due to be held on November 14. “In continuation to our letter (vide ref.no. NAVA/SECTL/335/2024-25) dated November 04, 2024 under Regulation 29 of SEBI (LODR) Regulations, 2015, we hereby inform that the Board of Directors at its meeting scheduled to be held on Thursday, November 14, 2024, will also consider the proposal of alteration in share capital of the Company by sub-division/ split of existing equity shares having face value of Rs. 2/- each, fully paid up, subject to approval of the shareholders of the Company,” said the company in a filing tot he exchange.

stock brokers to offer either the facility of trading in the secondary market using the UPI-based block mechanism to their clients similar to the ASBA facility or a three-in-one trading account facility from February 1. These qualified stock brokers brokers (QSBs) must offer one of these two options, in addition to the current mode of trading. The three-in-one trading account combines a savings account, a demat account, and a trading account into a single integrated solution. In this case, the clients would have their funds in their bank account, earning interest on the cash balances.

The underlying trend of Nifty remains choppy with weak bias. The market is moving in a broader high low range of 24,600-23,800 levels. Having declined from the upper range recently, Nifty is expected to witness an upside bounce from near the lower range of 23,800 levels in the short term. Immediate resistance to be watched around 24,300, said Nagaraj Shetti of HDFC Securities.

stocks rallied as much as 15% in Mumbai trading on Monday even as equity benchmarks, BSE Sensex and NSE Nifty, traded in the amid brisk in frontline bluechip counters. Stocks that surged in excess of 15% included, Sujala Trading(20.00%), PPAP Automotive (20.00%), Pix Trans(19.99%), VCU Data Mgmt(19.97%) and Devki Leasing(18.42%).

Shares of Infosys Ltd.(up 1.65 per cent), HCL Technologies Ltd.(up 1.63 per cent), Coforge Ltd.(up 1.43 per cent), Tech Mahindra Ltd.(up 1.36 per cent) and Tata Consultancy Services Ltd.(up 1.25 per cent) ended the day as top gainers in the pack.

Shree Cement Ltd on Monday reported an 83% fall in its consolidated net profit for the quarter ended September 2024 to Rs 76 crore. The same stood at Rs 447 crore in the year-ago quarter.

These high-performing stocks that rallied more than 10% during the session included, Disha Resources (13.29%), Lippi Systems(13.04%), Vardhman Hold(12.57%), Samrat Forgings(12.27%), Inter State Oil(12.07%), Tainwala Chem(10.46%), Maximus Intl.(10.12%), BKV Industries(10.00%), Tera Software(10.00%) and JSW Holdings(10.00%).

Trump's decisive election victory last week and his impending return to the White House next month has raised significant uncertainty for investors.

Sachin Gupta, CEO, Share India Securities, says there was a huge growth in demand in MTF. Further, Share India focused on the merchant banking side, helping some companies to get listed on the SME side and that also gave good revenues. Recently they have started the institutional desk where we empanelled 113 institutions in the last one-and-a-half years. All these factors focusing on the fee-based businesses helped Share India a lot. Going further, they will focus on increasing the retail business. Let us look at your numbers. Your overall numbers in Q2 were pretty strong both on a sequential basis as well as year-on-year basis. What are the factors that led to the growth in Q2? Even your broking clients are up 35% sequentially which is marking a three-fold increase from Q2 of FY24. What led to that? Sachin Gupta: A number of factors worked in our favour. One, definitely market participation was good overall. But on the Share India side, in the last two years, we focused more on the retail side for which we started providing MTF (margin trading facility) services to the clients. We saw a huge growth, huge demand in MTF and Share India book stands at around Rs 250 crore by the end of September.

The BSE Sensex inched up 10 points or 0.01% to settle at 79,496, while the NSE Nifty slipped 7 points or 0.03% to close at 24,141.

Aries Agro Ltd.(up 10.71%), Zuari Agro Chemicals Ltd.(up 5.97%), Rama Phosphates Ltd.(up 5.75%), Agro Phos India Ltd.(up 1.80%) and Madhya Bharat Agro Products Ltd.(up 0.19%) stood among the top gainers.

Despite a dividend payout of more than ₹12,000 crore during the quarter, the company managed to bring down its debt on a sequential basis by using proceeds from its QIP issue, funds from the stake sale in Hindustan Zinc, and its free cash flow. Net debt fell to ₹56,927 crore at the end of the September quarter from ₹61,324 crore a quarter ago. The net debt is lower than the previous year’s ₹57,771 crore as well.

KPI Green Energy today announced it will be considering the issuance of bonus shares along with a stock split in its upcoming board meeting, which is scheduled for November 14. “We wish to inform you that, pursuant to Regulation 29 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘Listing Regulations’), a meeting of the Board of Directors of the Company is scheduled to be held on Thursday, November 14, 2024 at the Registered Office of the Company, inter alia, to transact the following matters: 1. To consider the proposal for issue of bonus equity shares to the shareholders of the Company. 2. To consider and approve increase in authorized share capital of the company inter alia to accommodate issue of bonus equity shares, if any,” said the company in an exchange filing.

Demat addition has fallen below 40 lakh after four months.

BEML on Monday reported a marginal decline of 0.75% in its profit after tax (PAT) on a year-on-year (YoY) basis at Rs 51.03 crore for the second quarter ended September 30, 2024. The same stood at Rs 51.78 crore in the year-ago period.

Cyclically Adjusted Price-to-Earnings (CAPE) ratio, also known as Shiller’s P/E.

RIL) have been falling since July and have tumbled by 7% in the last one month alone. The shares also came under pressure following the company’s Q2 results, wherein it reported a 5% fall in its net profit to Rs 16,563 crore. On charts, the stock has been in a downtrend after making a peak near the Rs 1,6 10 level and is currently placed below its 200-day exponential moving average (DEMA).

Mukherjea's smallcap-heavy Little Champs portfolio and midcap-focused Rising Giants portfolio have delivered net returns of 17.5% and 24%, respectively, so far in FY24. He has attributed the performance to improvement in the earnings growth and rejig in portfolios.

«So, the early trends are very encouraging. And if we had to compare Nifty and Bank Nifty, then Bank Nifty looks really good and is in a good position to touch new 52-week highs,» says Aditya Arora, Adlytick. It looks like this week, unlike the previous weeks, we started on a good foot. But where do you see the markets trading at this point in time, the range that you are seeing for the benchmarks? Aditya Arora: We can see that on the screen and what I like today is the leadership in a lot of largecaps and the leadership by banking name, which is pulling Bank Nifty almost 1000 points higher, Nifty almost 200 points higher. So, the early trends are very encouraging. And if we had to compare Nifty and Bank Nifty, then Bank Nifty looks really good and is in a good position to touch new 52-week highs.