Latest news with #SavioShetty
Bloomberg
2 days ago
- Business
- Bloomberg
Sharp Decline in Volatility Index Catches Seasoned Traders Off Guard
Before the trading day starts we bring you a digest of the key news and events that are likely to move markets. Today we look at: Good morning, this is Savio Shetty, an equities reporter in Mumbai. Nifty futures point to a flat start, and may follow Asian markets lower as uncertainties around President Trump's tariffs whipsawed the markets. Still, Indian stocks are poised for a third straight month of gains, helped by foreign inflows and improvement in earnings. The focus will be on Ola Electric after the firm's fourth quarter net loss doubled from a year ago.
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Business Standard
6 days ago
- Business
- Business Standard
National Stock Exchange offers $118 mn to settle Sebi case, revive IPO
The NSE in October paid Rs 6,400 crore to the regulator to settle a case involving alleged unfair access to its trading platform Bloomberg By Savio Shetty, Ruchi Bhatia and Chiranjivi Chakraborty The National Stock Exchange of India Ltd. is said to be offering a record amount of about Rs 1,000 crore ($118 million) to settle a longstanding dispute with the country's market regulator, according to a person involved in the discussions, likely paving the way for its public listing. The Securities and Exchange Board of India will discuss the offer, and a decision is expected soon, people familiar with the matter said, asking not to be identified as the discussions are private. The regulator is inclined to settle the legal issue, they said, which would enable the world's largest derivative exchange by contracts to secure a no-objection certificate. Sebi had previously halted NSE's listing plans due to several ongoing cases dating back to 2015, involving allegations that some high-speed traders gained unfair access to its co-location servers. The regulator's investigation not only derailed the exchange's IPO ambitions in 2016, but also later resulted in the NSE being banned from accessing capital markets for six months. The NSE in October paid Rs 6,400 crore to the regulator to settle a case involving alleged unfair access to its trading platform. Signs of a potential settlement emerged after Sebi's newly appointed Chairman Tuhin Kanta Pandey said last week that the regulator is working closely with the NSE to resolve issues hindering its IPO. Following the exchange's annual earnings earlier this month, Chief Executive Officer Ashish Kumar Chauhan told analysts and investors that the regulator had identified four areas requiring resolution, including pending legal cases. Meanwhile, investor interest in NSE remains robust. The exchange, backed by investors like Life Insurance Corp. of India and Canada Pension Plan Investment Board, has seen its private market valuation jump from $36 billion in September to $50 billion, according to a marketing material posted on Linkedin last week by US-based investment firm Drew Investments.
Bloomberg
02-05-2025
- Business
- Bloomberg
Indian Rupee Strengthens as Foreign Flows and Trade Talks Brighten Outlook
Before the trading day starts we bring you a digest of the key news and events that are likely to move markets. Today we look at: Good morning, this is Savio Shetty, an equities reporter in Mumbai. Asian stocks are slightly higher after China hinted at potential US trade talks, boosting sentiment. Indian equities will likely consolidate the gains of the last two weeks as foreign funds remain net buyers and the rupee strengthens. Key quarterly earnings scheduled for today include Marico, Godrej Properties and Indian Overseas Bank.
Bloomberg
29-04-2025
- Business
- Bloomberg
Trump's Tariffs Fail to Dent Shrimp Exports to US
Before the trading day starts we bring you a digest of the key news and events that are likely to move markets. Today we look at: Good morning, this is Savio Shetty, an equities reporter in Mumbai. Indian shares set to extend gains on Tuesday as global funds continue to pour money. Strength in Asian stocks this morning should embolden bulls further. Trent's quarterly numbers will be watched for cues on the pace of urban spending.
Bloomberg
28-04-2025
- Business
- Bloomberg
Reliance Earnings Beat May Lift India's Large-cap Stocks
Before the trading day starts we bring you a digest of the key news and events that are likely to move markets. Today we look at: Good morning, this is Savio Shetty, an equities reporter in Mumbai. Asian markets trade cautiously ahead of US trade talks, while Nifty futures indicate a positive start after the index capped a second week of gains Friday. Investors will be watching Reliance Industries' earnings beat and key data releases, including industrial production and results from majors UltraTech Cement and Ambuja Cements.
