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NEW DELHI: Were they out of their minds when they picked those stocks The Sebi crackdown on suspected shell companies and fact checking thereafter reveal interesting details: almost half of these companies had nil sales and reported losses year after year, yet retail investors held up to 95 per cent stake in them!As many as 36 lakh investors have got trapped in the stocks of the 331 suspected shell companies after a surprise Sebi crackdown led to a trading halt on these counters.Out of these 331, 167 are listed on BSE. Let this be a lesson for the future as well," said Anil Rego, CEO and Founder at Right Horizons.It is possible that many of these investors got stuck after a downcycle in the economy from 2012 through 2014 ran these companies out of steam.The problem is that serious investors are a minority in India; most people have a trading mindset, says G Chokkalingam, Founder at Equinomics Research & Advisory.“This mentality is visible in the cash market, where deliverables are to the tune of 10-18 per cent.

companies investors losses market reported Rs crore sales stock trading year

 

NEW DELHI: In volatile movements, Nifty IT index swung between gains and losses on Thursday, with shares of Wipro HCL Technologies and Tata Consultancy Services witnessing heavy investor interest.Nifty IT index ended in the negative zone on the last three sessions. But in Thursday’s afternoon trade, it was marginally in the green.Analysts attributed the volatile trend in IT stocks to the appreciation in rupee's value against the dollar in recent times as well as the present geopolitical issues involving the United States and North Korea.

cent index lower Nifty services share stocks Tata Thursday trading

 

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Of these 331 companies, only 48 are listed on Of these 48 companies, 10 companies were suspended prior to this directive of Sebi," the said in a statement.

Stock market regulator had imposed on 331 firms which are suspected of being "shell companies" on on Monday.

companies Exchange letter listed market Securities stock suspected suspended trade

 

Goldman Sachs Group Inc. is acknowledging that it’s getting harder for institutional investors to ignore the cryptocurrency market with total assets ballooning to $120 billion and bitcoin soaring more than 200 per cent this year.“Whether or not you believe in the merit of investing in cryptocurrencies (you know who you are), real dollars are at work here and warrant watching,” analysts including Robert Boroujerdi and Jessica Binder Graham wrote in a Q&A sent to clients.The debate has shifted from the legitimacy of the “fiat of the Internet” to how fast new entrants are raising funds, with initial coin offerings and fundraising that now exceeds Internet angel and seed investing. These are some of the questions the Goldman Sachs analysts answered:Digital exchanges and block trades, and options will be coming soon.

Bitcoin COIN cryptocurrencies Cryptocurrency currency Exchange Goldman institutional internet investors

 

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Two days after suspending trading in 331 listed shell companies, the regulator, (Sebi), ordered stock exchanges to verify their credentials and fundamentals. In a letter to the exchanges on Wednesday, the hinted if a company’s business model appeared satisfactory, the trading ban could be revoked.

asked companies exchanges received regulator Sebi Shell stock tax trading

 

The stock is trading at ex- in a ratio of 10:1.In past three weeks, between July 17 and August 8, the stock of sugar Company zoomed 76% from Rs 42.65 to Rs 75 (adjusted to stock split). On comparison, the S&P BSE Sensex was up 0.62% during the same period.The board of directors of the company is schedule to meet today to consider unaudited financial results for the quarter ended June 30, 2017 (Q1FY18).Dwarikesh Sugar had fixed the book closure date from August 12, 2017 to August 19, 2017 (both days inclusive) for the purpose of Dividend & Annual General Meeting (AGM), and also for the purpose of sub-division of 1 (one) equity share of face value of Rs 10 each into 10 (Ten) equity shares of Re 1 each.Stock splits are usually carried out to make the company’s stocks more affordable to retail shareholders, thereby widening the shareholder base, which in turn boosts the liquidity for these stocks.Dwarikesh Sugar has equity capital of Rs 18.83 crore, of which 41.87% stake are with the promoters.

August BSE Dwarikesh equity June Rs shareholder stake stock Sugar

 

If the stock market is any guide, Sharvil Patel has just inherited one of the top generic drug manufacturers in the world. In the first half of this year, Cadila’s stock delivered returns of almost 50 per cent, making it the best among generic drugmakers worldwide with a market value of more than $1 billion.Cadila has given up a chunk of those gains in recent days as quarterly results from across the industry show US price pressures have only increased.

business Cadila cent drug FDA generic market Patel Products stock

 

 

Ben Rhodes, former Deputy National Security Adviser under President Obama, not only criticized President Trump's plan to improve the U.S. nuclear arsenal but his handling of North Korea.

About: MSNBC is the premier destination for in-depth analysis of daily headlines, insightful political commentary and informed perspectives.

adviser Ben deputy MSNBC National Obama political President Rhodes security

 

Fox News senior judicial analyst Judge Andrew Napolitano on President Trump’s promise to unleash ‘fire and fury’ on North Korea.

analyst Andrew Fox Judge judicial Napolitano news President senior Trump

 

The government might soon make mandatory for buying shares and to prevent the conversion of into white through the stock market, the Economic Times reported on Thursday.

According to the financial daily, the government and the Securities and Exchange Board of India (Sebi) are planning to link financial market transactions to after, according to two sources cited by the report, the former came to realise that the permanent account number (PAN) might not be sufficient in putting an end to tax evasion.

earlier financial government linking mandatory market pan prevent reported tax

 

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All those Indians who thought buying diamonds was beyond their means now have a reason to cheer. Similar SIPs will also be available for buying diamonds of sizes 50 cents or 1 carat.

broker buyer buying cent demat diamond ICEX Indian Rs SIP

 

NEW DELHI: Shares of Aurobindo Pharma (up 5.22 per cent), Dr. Reddy's Laboratories (up 2.17 per cent), Sun Pharmaceutical Industries (up 2.06 per cent), Lupin (up 1.50 per cent) and Divi's Laboratories (up 1.05 per cent) were trading up, helping the Nifty Pharma index snapping the 6-day losing run.However, Natco Pharma (down 11.93 per cent) cracked nearly 12 per cent, extending the losses for the fourth consecutive sessions. GlaxoSmithKline Pharmaceuticals (down 1.05 per cent) and Piramal Enterprises (down 1 per cent) too were in red.The Nifty Pharma index was trading 1.58 per cent up at 8,904 around 09:35 am (IST), while all other sectoral indices were in red.Pharma stocks rallied in Thursday's early trade on account of value buying by investors.Benchmark indices opened in the negative zone, tracking weak global cues.Selling emerged in auto, FMCG, bank and metal stocks.Benchmark Nifty50 index was 52 points down at 9,856, while the 30-share Sensex was 149 points lower at 31,649 around 9.35 am (IST).In the Nifty50 pack, 12 stocks were trading in green, while 38 stocks were in red.On BSE, 457 stocks were advancing whereas 942 stocks were lagging.

cent index IST Laboratories Nifty Pharma pharmaceutical red stocks trading

 

Proliferation in smartphones and deeper penetration of Internet have encouraged people in rural and semi urban India to jump onto the unsecured personal loan bandwagon, and they are using the services of online marketplaces to access the lending products of banks that were not available to them earlier.Online marketplace Paisabazaar disburses Rs 220 crore of unse cured personal loans per month, spread across 90 locations over tier-1 to 5 cities.

deeper encouraged internet loan marketplace online penetration personal Proliferation smartphones