Market regulator Securities and Exchange Board of India (SEBI) has imposed a fine of Rs2.5 lakh on Samco Securities Ltd for discrepancies found during the client onboarding process and not submitting data to the market regulator s inspection team.
In the latest order, the SEBI fined the broker for discrepencies during client onboarding and not submitting data to the market regulator s inspection team
The flood of IPOs in this short period is unlikely to hurt liquidity in the main markets, said bankers. "The money from one issue may not be available for the other; but except for that, the broader market may not see any effect," said Satyen Shah, president, Nuvama Investment Banking and Fixed Income.
Experts anticipate another pre-election rally in India s equity markets as the country prepares for General Elections in six months. Irrespective who wins elections, experts maintain positive outlook for the market.
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