Latest news with #NSEClearing
Time of India
26-05-2025
- Business
- Time of India
Reliance Power shares skyrocket 22% in 6 days. Should you book profits?
Shares of Reliance Power have witnessed a sharp rally in the last six trading sessions, surging 22.2% to Monday's high of Rs 55.10 on the BSE. The stock faced some profit booking at those higher levels and tumbled to trade 1.4% lower at Rs 51.19 around 11:30 am. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Play War Thunder now for free War Thunder Play Now Undo Reliance Power witnessed strong volumes with a total traded quantity of 234.29 lakh shares, with a turnover of Rs 123.66 crore. The company's total market capitalisation stood at Rs 20,562.87 crore. Play Video Pause Skip Backward Skip Forward Unmute Current Time 0:00 / Duration 0:00 Loaded : 0% 0:00 Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions settings , opens captions settings dialog captions off , selected Audio Track default , selected Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Earlier this month, the company reported its Q4 FY25 results, which were well-received by investors. It posted a consolidated net profit of Rs 126 crore for the January–March quarter, compared to a net loss of Rs 397.56 crore in the same period last year. This was driven by a sharp decline in expenses. On the fundamental side, Reliance Power is one of India's largest power generation portfolios under development in private sector in India. Live Events Further, the sentiment was boosted by technical factors. The stock on Friday alone surged by 18%, triggered by a 'buy' signal on the Supertrend indicator on the weekly charts, which is a positive sign for the bulls. Supertrend is a trend-following technical indicator that gauges the price direction of a stock, index, or other asset and issues corresponding buy or sell signals. Also read: Can NSE Clearing achieve financial independence before the NSE IPO? Reliance Power share price history Over the past one year, the stock of Reliance Power has delivered a strong return of 91.70%. On a year-to-date (YTD) basis, it has gained 14.30%. In the last six months, the stock rose by 40.07%, which is the same as the three-month performance, also at 40.07%. Over the past month, the stock registered a gain of 23.48%, indicating sustained bullish momentum across timeframes.
Economic Times
26-05-2025
- Business
- Economic Times
Can NSE Clearing achieve financial independence before the NSE IPO?
NSE's listing plans hinge on resolving the financial relationship between the exchange and its clearing arm, NSE Clearing. SEBI has suggested NSE Clearing should become financially independent, potentially by directly collecting fees from brokers. This move aims to strengthen NSE Clearing's balance sheet and ensure its stability post-IPO, addressing concerns about its reliance on the parent company. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Mumbai: Smoothing the rough edges around the much-talked-about listing plans of National Stock Exchange (NSE) could depend on how the pie is shared between the country's largest bourse and its clearing the market architecture, while deals are cut on the NSE platform, NSE Clearing , a wholly-owned subsidiary of the exchange, acts as the legal counterparty to clear and settle the the clearing corporation absorbs the entire settlement risk and acts as a crucial intermediary between a broker receiving buy or sell orders from investors and stock exchanges offering the trade platform, the market regulator is in favour of NSE Clearing becoming financially a meeting with public interest directors of NSE Clearing earlier this year, senior Sebi officials had proposed that the clearing corporation could examine the possibility of directly collecting fees from brokers, sources told ET. The meeting was part of a two-day conclave where regulatory officials held separate meetings with directors of market infrastructure present, NSE Clearing financially relies on the parent NSE which receives fees from member brokers and retains a predominant portion of the money before sharing the balance with the clearing subsidiary. While NSE carries out all the marketing, develops products and gets businesses, NSE Clearing absorbs the risks on behalf of the now NSE has infused funds into NSE Clearing Corp as well as contributed for the settlement guarantee fund (SGF). But, the regulator, sources said, was of the view that there should be a mechanism for NSE Clearing to build a stronger balance-sheet on its own. (SGF, housed by the clearing corporation, is created to meet contingencies arising on account of failure of any payment by any broker member of a stock exchange.)Since the fees brokers pay should not be raised, this could either mean NSE agreeing to share a much larger amount with NSE Clearing, or accepting lower fees and letting NSE Clearing recover the balance charges directly from brokers. At a consolidated level, this, however, may not have much impact on the valuation of NSE."There are two issues: First, a pure profit driven, commercial organisation-which NSE would probably evolve into post IPO-holding majority stake in NSE Clearing. Second, after listing, would NSE, with diverse shareholders, be in a position to readily pump in money into the clearing company whenever it needs as it can today? Under the circumstances, a clear path to place NSE Clearing on a stronger financial footing, could help in sorting out a key issue before the proposed NSE IPO ," said a suggestion to unbundle charges, or allowing NSE Clearing to recover fees directly from brokers, was made shortly before the former Sebi head Madhavi Puri Buch completed her term. "Sebi had not proposed this in writing, and while the suggestion has not been repeated by the regulator since Tuhin Kanti Pandey took over as the chairman, there have been discussions on what could be the optimal charge for the clearing company," said a for Sebi and NSE Clearing did not comment on the investors, impatient for an exit, have been lobbying for listing the to another person, it's a complex issue as untangling NSE Clearing from the parent would also require segregating technology and manpower. "Other market institutions like BSE and its clearing corporation have to be sounded out on any proposal to unbundle charges. There is also a division of opinion-me think the break-up of fees has no relevance to the general public, but others feel the charges should be transparent and disclosed," he who advocate making NSE Clearing financially self-sustaining, point at the comparatively stronger financials of the Clearing Corporation of India (CCIL) which acts as the central counterparty providing guaranteed clearing and settlement functions for transactions in money, government securities, foreign exchange and derivatives like currency forwards and interest rate swaps. Unlike NSE Clearing, CCIL is covered by the Payment and Settlement Systems Act.
Time of India
26-05-2025
- Business
- Time of India
Can NSE Clearing achieve financial independence before the NSE IPO?
Mumbai: Smoothing the rough edges around the much-talked-about listing plans of National Stock Exchange (NSE) could depend on how the pie is shared between the country's largest bourse and its clearing arm. Under the market architecture, while deals are cut on the NSE platform, NSE Clearing , a wholly-owned subsidiary of the exchange, acts as the legal counterparty to clear and settle the transactions. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Play War Thunder now for free War Thunder Play Now Undo Since the clearing corporation absorbs the entire settlement risk and acts as a crucial intermediary between a broker receiving buy or sell orders from investors and stock exchanges offering the trade platform, the market regulator is in favour of NSE Clearing becoming financially independent. Play Video Pause Skip Backward Skip Forward Unmute Current Time 0:00 / Duration 0:00 Loaded : 0% 0:00 Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions settings , opens captions settings dialog captions off , selected Audio Track Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. At a meeting with public interest directors of NSE Clearing earlier this year, senior Sebi officials had proposed that the clearing corporation could examine the possibility of directly collecting fees from brokers, sources told ET. The meeting was part of a two-day conclave where regulatory officials held separate meetings with directors of market infrastructure institutions. At present, NSE Clearing financially relies on the parent NSE which receives fees from member brokers and retains a predominant portion of the money before sharing the balance with the clearing subsidiary. While NSE carries out all the marketing, develops products and gets businesses, NSE Clearing absorbs the risks on behalf of the exchange. Live Events Till now NSE has infused funds into NSE Clearing Corp as well as contributed for the settlement guarantee fund (SGF). But, the regulator, sources said, was of the view that there should be a mechanism for NSE Clearing to build a stronger balance-sheet on its own. (SGF, housed by the clearing corporation, is created to meet contingencies arising on account of failure of any payment by any broker member of a stock exchange.) Since the fees brokers pay should not be raised, this could either mean NSE agreeing to share a much larger amount with NSE Clearing, or accepting lower fees and letting NSE Clearing recover the balance charges directly from brokers. At a consolidated level, this, however, may not have much impact on the valuation of NSE. "There are two issues: First, a pure profit driven, commercial organisation-which NSE would probably evolve into post IPO-holding majority stake in NSE Clearing. Second, after listing, would NSE, with diverse shareholders, be in a position to readily pump in money into the clearing company whenever it needs as it can today? Under the circumstances, a clear path to place NSE Clearing on a stronger financial footing, could help in sorting out a key issue before the proposed NSE IPO ," said a person. Agencies The suggestion to unbundle charges, or allowing NSE Clearing to recover fees directly from brokers, was made shortly before the former Sebi head Madhavi Puri Buch completed her term. "Sebi had not proposed this in writing, and while the suggestion has not been repeated by the regulator since Tuhin Kanti Pandey took over as the chairman, there have been discussions on what could be the optimal charge for the clearing company," said a source. Spokespersons for Sebi and NSE Clearing did not comment on the matter. NSE investors, impatient for an exit, have been lobbying for listing the organisation. According to another person, it's a complex issue as untangling NSE Clearing from the parent would also require segregating technology and manpower. "Other market institutions like BSE and its clearing corporation have to be sounded out on any proposal to unbundle charges. There is also a division of opinion-me think the break-up of fees has no relevance to the general public, but others feel the charges should be transparent and disclosed," he said. Those who advocate making NSE Clearing financially self-sustaining, point at the comparatively stronger financials of the Clearing Corporation of India (CCIL) which acts as the central counterparty providing guaranteed clearing and settlement functions for transactions in money, government securities, foreign exchange and derivatives like currency forwards and interest rate swaps. Unlike NSE Clearing, CCIL is covered by the Payment and Settlement Systems Act.
