Latest news with #SamieModak
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Business Standard
31-07-2025
- Business
- Business Standard
Markets shrug off Trump tariff threat, end slightly lower after recovery
Benchmarks end down marginally after clawing back from steep losses Samie Modak Mumbai Listen to This Article The announcement of higher tariffs and accompanying penalty threats did little to shake domestic equity markets, with benchmark indices finishing the session only marginally lower. Although the Sensex and Nifty both plunged nearly a per cent in early trading, they managed to claw back all their losses at one stage before slipping back into the red later in the day. The Sensex closed at 81,186, down 296 points, or 0.4 per cent, while the Nifty 50 ended at 24,768, a decline of 87 points, or 0.35 per cent. At the day's low, the Sensex had dropped as much as 787
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Business Standard
20-07-2025
- Business
- Business Standard
Green light for HFT firm Jane Street to re-enter domestic markets
But bourses to closely monitor company's future dealings on ongoing basis Samie Modak Khushboo Tiwari Mumbai Listen to This Article High-frequency trading (HFT) firm Jane Street has been allowed to re-enter the domestic markets after it fulfilled the Securities and Exchange Board of India's (Sebi's) direction to deposit alleged 'unlawful gains' of ₹4,844 crore in an escrow account before July 14. According to sources, Sebi last week informed Jane Street via email that the ban imposed on the New York-based trading firm had been lifted. 'The July 3 interim order clearly states that upon deposit compliance, the restriction on accessing the securities market will cease to apply. However, this has been formally communicated to Jane Street by Sebi through an
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Business Standard
17-07-2025
- Business
- Business Standard
SBI's Rs 25,000 crore QIP draws Rs 1 trillion bids; LIC, MFs lead
LIC bids over Rs 5,000 crore in SBI's Rs 25,000 crore QIP, joined by major MFs and FPIs; fundraise to boost capital adequacy by 60 bps with 3.47% equity dilution premium Samie Modak Sundar Sethuraman Mumbai Listen to This Article State Bank of India's (SBI's) Rs 25,000-crore ($2.9 billion) qualified institutional placement (QIP) evoked bids worth nearly Rs 1 trillion — underscoring strong demand for the shares of the country's biggest lender — with local institutions leading the charge, according to people in the know. Sources said Life Insurance Corporation of India (LIC) placed bids worth over Rs 5,000 crore, while domestic mutual funds (MFs) such as SBI MF, ICICI Prudential MF, Aditya Birla Sun Life MF and HDFC Bank too placed bids worth over Rs 1,500 crore each. Meanwhile, about half a dozen foreign portfolio investors (FPIs), including Singapore's
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Business Standard
14-07-2025
- Business
- Business Standard
Retail losses in derivatives is a macroeconomic concern: Ashish Gupta
Sebi's measures are necessary to align the derivatives market with its underlying cash market, as the current disconnect is unsustainable Samie Modak Mumbai Listen to This Article Individual investors lost over Rs 1 trillion in derivatives trading during the financial year 2024-25 (FY25), which equates to 6 per cent of household financial savings. Ashish Gupta, chief investment officer, Axis Mutual Fund, who flagged excesses in India's options markets in his 2023 report- Gamification of Indian Equities, says abundant liquidity and inexperienced investors have turned India's options market into a playground for global trading firms. In an interview with Samie Modak, Gupta warns that the scale of retail losses has macroeconomic implications, making some regulatory restrictions inevitable. Edited excerpts: What is your perspective on the current state of
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Business Standard
13-07-2025
- Business
- Business Standard
Street Signs: Markets turn skittish, exorcising the ghost of the past, more
State Bank of India (SBI) is set to raise ₹25,000 crore through a qualified institutional placement (QIP) - the largest QIP ever in the domestic market Samie Modak Nifty on thin ice: Tariff chill sends bulls sliding The Nifty 50 has slid 2 per cent in a fortnight and looks poised to stay edgy as tariff headlines collide with a subdued start to the earnings season. At the last close of 25,150, the index slipped below its 20-day exponential moving average — a 'negative signal that favours further weakness if it holds', observes Dhupesh Dhameja, derivatives analyst at Samco Securities. Weekly charts, a bearish close, and thinning market breadth echo the gloom, he adds. 'The 25,300 floor has flipped to resistance; a decisive break of Friday's 25,129
