Today's Sector View – 13.12.2018
* AVIATION: After failing to sell stake in Air India, the government is now working on a four-pronged strategy, including a financial package and a brand-refreshing exercise, to revive the national carrier and make it globally competitive, aviation minister Jayant Sinha said.
* BANKING: Shaktikanta Das, who took charge as the governor of the Reserve Bank of India, said that he will do everything possible to uphold the integrity, autonomy and credibility of the central bank.
* CORPORATE: Tata Trusts has appointed Vijay Singh and Venu Srinivasan as chairmen of multiple trusts within the philanthropic entity's fold.
* IPO: The government is planning initial public offerings of equity for two railway subsidiaries--Indian Railway Finance Corp and Rail Vikas Nigam--in an effort to meet its disinvestment target of 800 bln rupees for 2018-19 (Apr-Mar).
* MUTUAL FUNDS: ICICI Prudential Mutual Fund has sought the Securities and Exchange Board of India's approval to launch a Private Banks Exchange Traded Fund.
* REGULATORY: SEBI eased rules for offer-for-sale allowing shareholders of all companies with market capitalisation of at least 10 bln rupees to tap the route, the Securities and Exchange Board of India notified.
- The Securities and Exchange Board of India has allowed debt mutual fund schemes to segregate distressed and illiquid assets in their portfolio from other liquid assets, in case an event such as a credit default occurs. Companies which are raising funds from the primary market through a combination of an offer for sale and issue of fresh shares, will have to file a fresh set of documents with the SEBI only if the size of the issue or the number of shares in the offer for sale change by more than 50%.
- The Securities and Exchange Board of India has decided that the clubbing of investment limit for foreign portfolio investors will not be done on the basis of common ownership of more than 50% stake in the case of regulated public retail funds.
- SEBI has started adjudication proceedings against 28-30 entities involved in the co-location case pertaining to National Stock Exchange and some brokerage houses.
- Housing finance companies or systemically important non-banking finance companies that secure loans through shares offered as collateral do not have to disclose these as acquisitions or sales if the lien on these shares are released, the market regulator said.
- The Securities and Exchange Board of India has allowed custodial services in commodity derivatives paving the way for the much-awaited entry of mutual funds and portfolio management services in commodities. Extended trading hours in equities may take longer, as stock exchanges are yet to respond to the regulator about their readiness on this front, SEBI has said.
Our Blog Information Learning purpose only
(Paper Trading Practice for Currency, Equity, Commodity Segment)* BANKING: Shaktikanta Das, who took charge as the governor of the Reserve Bank of India, said that he will do everything possible to uphold the integrity, autonomy and credibility of the central bank.
* CORPORATE: Tata Trusts has appointed Vijay Singh and Venu Srinivasan as chairmen of multiple trusts within the philanthropic entity's fold.
* IPO: The government is planning initial public offerings of equity for two railway subsidiaries--Indian Railway Finance Corp and Rail Vikas Nigam--in an effort to meet its disinvestment target of 800 bln rupees for 2018-19 (Apr-Mar).
* MUTUAL FUNDS: ICICI Prudential Mutual Fund has sought the Securities and Exchange Board of India's approval to launch a Private Banks Exchange Traded Fund.
* REGULATORY: SEBI eased rules for offer-for-sale allowing shareholders of all companies with market capitalisation of at least 10 bln rupees to tap the route, the Securities and Exchange Board of India notified.
- The Securities and Exchange Board of India has allowed debt mutual fund schemes to segregate distressed and illiquid assets in their portfolio from other liquid assets, in case an event such as a credit default occurs. Companies which are raising funds from the primary market through a combination of an offer for sale and issue of fresh shares, will have to file a fresh set of documents with the SEBI only if the size of the issue or the number of shares in the offer for sale change by more than 50%.
- The Securities and Exchange Board of India has decided that the clubbing of investment limit for foreign portfolio investors will not be done on the basis of common ownership of more than 50% stake in the case of regulated public retail funds.
- SEBI has started adjudication proceedings against 28-30 entities involved in the co-location case pertaining to National Stock Exchange and some brokerage houses.
- Housing finance companies or systemically important non-banking finance companies that secure loans through shares offered as collateral do not have to disclose these as acquisitions or sales if the lien on these shares are released, the market regulator said.
- The Securities and Exchange Board of India has allowed custodial services in commodity derivatives paving the way for the much-awaited entry of mutual funds and portfolio management services in commodities. Extended trading hours in equities may take longer, as stock exchanges are yet to respond to the regulator about their readiness on this front, SEBI has said.
RUPEEDESK - SHARE MARKET TRAINING
Whatsapp Number : 91-9094047040 / 91-9841986753
B Com /BBA/ MCom COACHING CLASS - 9944811555
Free Intraday Tips : Join Our Whatsapp No : 9841986753
Free Commodity Tips : Join our Whatsapp No : 9094047040
