Latest news with #Bankex
Economic Times
3 days ago
- Business
- Economic Times
Sebi floats consultation paper on prudential norms for derivatives on non-benchmark indices
Sebi issued a consultation paper on implementing new eligibility norms for derivatives on non-benchmark indices, proposing constituent limits and weight caps. Exchanges BSE and NSE favor adjusting existing indices with phased transitions to ensure smooth compliance. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Markets regulator Sebi on Monday issued a consultation paper on how to implement new eligibility norms for derivatives on non-benchmark indices . The paper follows a May 29 circular that mandated stricter prudential rules to ensure such indices remain broad-based and not overly per the circular, non-benchmark indices with derivatives must have at least 14 constituents, with the top constituent's weight capped at 20% and the combined weight of the top three limited to 45%. Weights must also follow a descending order across exchanges have been evaluating two options: Alternative A - Launch new indices that meet the criteria while continuing existing ones and Alternative B - Adjust the constituent structure and weights of existing which runs the Bankex index with 10 constituents and no ETF tracking, has preferred Alternative B, opting to adjust weights and constituents in one on the other hand, has two affected indices — Nifty Bank (12 constituents, Rs 34,251 crore AUM in ETFs) and Nifty Financial Services (20 constituents, Rs 511 crore AUM).After consulting with mutual funds and AMFI, NSE has also favored Alternative B, but recommended a phased glide-path approach to avoid disruptions, particularly given the large AUM in Nifty Bank the proposed glide path, adjustments in constituent weights would be carried out in up to four monthly tranches, ensuring a staggered and orderly has now invited comments from stakeholders on whether adjusting existing indices is the right approach and on the modalities of such weight adjustments. The deadline for submitting comments is September 8 via Sebi's online portal (link here) or through email.
Time of India
3 days ago
- Business
- Time of India
Sebi floats consultation paper on prudential norms for derivatives on non-benchmark indices
Sebi issued a consultation paper on implementing new eligibility norms for derivatives on non-benchmark indices, proposing constituent limits and weight caps. Exchanges BSE and NSE favor adjusting existing indices with phased transitions to ensure smooth compliance. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Markets regulator Sebi on Monday issued a consultation paper on how to implement new eligibility norms for derivatives on non-benchmark indices . The paper follows a May 29 circular that mandated stricter prudential rules to ensure such indices remain broad-based and not overly per the circular, non-benchmark indices with derivatives must have at least 14 constituents, with the top constituent's weight capped at 20% and the combined weight of the top three limited to 45%. Weights must also follow a descending order across exchanges have been evaluating two options: Alternative A - Launch new indices that meet the criteria while continuing existing ones and Alternative B - Adjust the constituent structure and weights of existing which runs the Bankex index with 10 constituents and no ETF tracking, has preferred Alternative B, opting to adjust weights and constituents in one on the other hand, has two affected indices — Nifty Bank (12 constituents, Rs 34,251 crore AUM in ETFs) and Nifty Financial Services (20 constituents, Rs 511 crore AUM).After consulting with mutual funds and AMFI, NSE has also favored Alternative B, but recommended a phased glide-path approach to avoid disruptions, particularly given the large AUM in Nifty Bank the proposed glide path, adjustments in constituent weights would be carried out in up to four monthly tranches, ensuring a staggered and orderly has now invited comments from stakeholders on whether adjusting existing indices is the right approach and on the modalities of such weight adjustments. The deadline for submitting comments is September 8 via Sebi's online portal (link here) or through email.
United News of India
19-06-2025
- Business
- United News of India
Sensex down by 41.83 points
Mumbai, June 19 (UNI) The BSE Sensex on Thursday fell by 41.83 points to 81,486.49 in early trade, tracking negative cues from global peers amid continued geopolitical unrest. The Nifty too fell by 10.35 pts to 24,802.00. Sensex registered intra-day highs and lows at 81,495.18 and 81,191.04, respectively. The Nifty registered a day's high at 24,838.20 and a low at 24,738.10, a 90-point difference. Midcap advanced by 24.61 points, and small cap rose by 193.61 pts. Sectoral gainers were FMCG by 0.08 pc, financial by 0.15 pc, industrial by 0.31 pc, auto by 0.43 pc, Bankex by 0.12 pc, capital goods by 0.35 pc, consumer durables by 0.44 pc, and realty by 0.39 pc. Sectoral losers were energy by 0.10 pc, healthcare by 0.07 pc, IT by 0.61 pc, telecom by 0.05 pc, utilities by 0.12 pc, metal by 0.29 pc, oil & gas by 0.24 pc and power by 0.10 pc. Sensex gainers were Titan by 1.35 pc to Rs 3,520.00, M&M by 0.84 pc to Rs 3,065.90, Kotak Bank by 0.67 pc to Rs 2,47.65, Tata Motors by 0.51 pc to Rs 673.50, and LT by 0.40 pc to Rs 3,613.95. Sensex losers were Tech Mahindra by 1.48 pc to Rs 1,685.40, Adani Ports by 1.33 pc to Rs 1,354.10, Indus Bank by 0.98 pc to Rs 842.30, HCL Tech by 0.75 pc to Rs 1,702.75 and Infosys by 0.72 pc to Rs 1,621.00. UNI JS ARN
United News of India
17-06-2025
- Business
- United News of India
Sensex falls by 163.63 points
Mumbai, June 17 (UNI) The BSE Sensex on Tuesday fell by 163.63 point to 81,632.52 in early trade tracking negative cues from Global peers. The Nifty too declined by 59.20 pts to 24,887.30. Sensex registered intra-day highs and lows at 81,890.15 and 81,574.14, respectively. The Nifty registered a day's high at 24,982.50 and a low at 24,867.95 pts. Midcap advanced by 16.01 points, and small cap fell by 33.69 pts. Sectoral gainers were energy by 0.10 pc, FMCG by 0.05 pc, financial by 0.12, industrial by 0.19 pc, IT by 0.10 pc, Telecom by 0.44 pc, Utilities by 0.17 pc , Bankex by 0.20 pc, Capital goods by 0.11 pc, Power by 0.29 pc, Realty by 0.73 pc and Teck by 0.15 pc. Sectoral losers were Health Care by 0.07 pc, Auto by 0.10 pc, Consumer Durables by 0.09 pc, Metal by 0.04 pc, Oil & Gas by 0.01 and Services by 0.13 pc. Sensex losers are Tata Motors by 1.33 pc to Rs 677.55, Sun Pharma by 1.09 pc to Rs 1,667.25, Indus Bank by 1.01 pc to Rs 812.80, Ultra tech by 0.90 pc to Rs 11,392.10 and Titan by 0.79 pc to Rs 3,411.25. Sensex gainers were NTPC by 0.61 pc to Rs 335.80, Kotak Bank by 0.61 pc to Rs 2,151.40, Axis Bank by 0.57 pc to Rs 1,222,60, Power grid by 0.49 pc to Rs 290.05, HCC tech by 0.24 pc to Rs 1,727.15. UNI JS ARN
United News of India
23-05-2025
- Business
- United News of India
Sensex jumps over 200 pts
Mumbai, May 23 (UNI) The BSE Sensex on Friday opened in the red at 80,897 pts, falling 54 points, but immediately surged 204 points up at 81,156 as buying was seen across the board amid a mixed trend in the Asian Market. The Nifty too gained 115 pts at 24,725. The Sensex registered intra-day high and low at 81,165 pts and 80,897.30 pts respectively. The Nifty registered a day's high at 24,667 and a low at 24,780.03 pts. The sectoral stocks include Bankex, Realty and FMCG, lifted the market. The mid-cap fell by 0.22 pc and small cap by 0.27 pc. In 30 scrips, 21 advanced while 9 declined. The gainers were ITC by 1 pc to Rs 430.35, Infosys by 0.95 pc to Rs 1563.95, Tech Mahindra by 0.69 pc to Rs 1577.70 and Eternal by 0.68 pc to Rs 230.75. The losers were Sun Pharma by 4.51 pc to Rs 1642.40, M& M by 0.65 pc to Rs 2988.30, Bharti Airtel by 0.50 pc to Rs 1822.55 and ICICI Bank by 0.38 pc to Rs 1436.55. UNI NV SSP
