Stock Market Today Live

S ebi Chairman Ajay Tyagi (center), along with officials in Mumbai on Monday. (Express photo by Amit Chakravarty) The Securities and Exchange Board of India (Sebi) on Monday said Karvy Broking Services Ltd (KSBL) has informed the stock exchange that it’s planning to sell stake in a subsidiary to meet the shortfall of Rs 678 crore in client payout obligations by March this year. Sebi Chairman Ajay Tyagi said the capital markets regulator will soon come out with a circular to prevent incidents like KSBL, which had allegedly misused clients’ securities. “As on February 14, the total dues of Karvy is about Rs 1,189 crore. While banks have securities worth only Rs 511 crore, there is a shortfall of Rs 678 crore ... NSE (National Stock Exchange) has issued notices to Karvy and the broking firm has told the exchange that it is in the process of selling a firm for which term sheet has been accepted and clear all its dues to clients and banks by March-end,” the Sebi Chairman said, adding, ...

 Ah Monday; the toughest day of the week. Even with delusional motivation, placebos and weak resolutions, hardly any employee manages to make Monday less painful (This post was also written/typed on Monday). Ask about Mondays to any trader from the 80's and they'll probably reminisce about the most devastating Stock Market Crash of the 80's, commonly referred to as 'Black Monday'. In Australia and several other neighboring countries, it is known as Black Tuesday because of time zone difference.   Black Monday was a severe downfall that happened in late October 1987. It originated in the US following major collapses in the markets worldwide. Those so-called Economists (actually bluffs) would correlate this event to any kind of phony reasons. However, it'd be a sheer waste of time trying to study, discuss or even write about the reasons for this event (Also, whatever you are about to read is not worthwhile. This is just a test for myself)  In the US, the Dow Jones...

T he Appointments Committee of the Cabinet approved extending Tyagi's term as chairman SEBI with  an effect from September 1 to February 28, 2022,” a notification issued by the government on Wednesday said. Tyagi was earlier appointed for three years in 2017 and his term ended in February this year, after which he was given a six-month extension up to August 31. In 2022, Tyagi will complete 5 years as SEBI chairman.  T he incumbent SEBI chairman Ajay Tyagi was granted an extension of 18 months on Wednesday. Initially, Tyagi was given a five-year term as SEBI chairman in 2017 but it was cut down to three years by a separate notification. In the coming months, Tyagi could be pitching for easy access to Government Securities (G-Secs) market for retail investors and forcing stock exchanges to move towards the real-time settlement of the trade. The need for the two moves was stressed upon by Tyagi in his speech at a conference in July. Tyagi ...