In co-location scheme, brokers were allowed to place computers closer to NSE servers so they could access data faster. This was allegedly manipulated to gain undue advantage.
By Ankur Banerjee and Bharath Rajeswaran SINGAPORE/MUMBAI (Reuters) -Indian shares set records, the rupee gained and bonds yields dropped in Monday opening trade as exit polls pointed to a third term
While SEBI last week warned of a bubble in these stocks, followed by a minor correction, analysts say this correction can continue and pose big risks to amateur investors.
Sensex surged 87% between April 2020 & October 2021, drawing many new investors looking to cash in on this growth. Since that boom ended in late 2021, investor interest has also waned.
In 24 January report, Hindenburg Research said stocks of Adani Group’s 7 listed companies 'are 85% overvalued'. At least 3 of these have since seen their stock price fall by almost that amount.
Investors say they are avoiding midcaps based on global economic cues, valuations. While Sensex flirts with technical correction, expensive smaller stocks could have more to lose.
Reliance Industries has seen its market value nearly double to more than $200 billion this year after a major push into digital and e-commerce ventures.
The collusion between the new class of bureaucrats, politicians, businessmen and trade union bosses perpetuates itself partly because of the short-run benefits and partly because they see no way out of the system, wrote author MH Mody in 1980.
IAF is firming up plans to revamp airlift capabilities with medium transport aircraft that will be assembled in India & serve as its main workhorse. Embraer is leading contender as of now.
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