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WhatsApp leak case: Do companies need to root out the mole within
There is no similar proscription on market rumour mongering (yet) issued by SEBI to the wider trading community beyond just its licensed subjects and that is perhaps a problem it will be looking to swiftly fix
Shruti Rajan | April 14, 2021 | Updated 13:14 IST
The continuing saga of WhatsApp cases must serve as a cautionary tale for the entire trading community on the use of instant messaging platforms
The Securities Appellate Tribunal recently set aside orders passed by SEBI in early 2020, where the regulator had penalised the act of forwarding WhatsApp messages containing yet-unreleased quarterly financial results of certain companies.
Market may open positive on strong Asian markets
April 13, 2021
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‘The second wave of Covid 19 could jeopardise India’s economic revival and the overall impact will have to be ascertained’
After a Black Monday, markets are expected to be cautious even as the SGX Nifty point to a gap-up opening on Tuesday. Weak economy data and rising number of Covid-19 cases will keep the market in a range, said analysts.
The Index for Industrial production (IIP) contracted 3.6 per cent in February while consumer price index or retail inflation rose to 5.52 per cent in March.
The SGX Nifty is currently ruling at 14,403 (8 am IST) against Nifty Futures’ close of 14,343.25, signalling a 60-point gap-up opening. While the US markets closed weak overnight, most Asian markets are up almost 1 per cent in early trade on Tuesday.
Read more about Sensex jumps 660 pts, Nifty tops 14,500; banks, autos soar on Business Standard. Key equity indices ended with strong gains on Tuesday, recovering from yesterday s steep selloff. The Nifty managed to close above the 14,500 mark at the day s high. Barring IT and pharma, all the sectoral indices on the NSE ended in the green.
Market regulator Security Exchange Board of India (SEBI) has imposed a penalty of Rs 25 crore on Yes Bank for allegedly mis-selling its AT-1 bonds. The private lender said that it will move the Securities Appellate Tribunal against the SEBI s order.