IIFL Securities jumped 10.2% to Rs 61.9 after the company emerged as the successful bidder for demat accounts held by Karvy Stock Broking with NSDL and CDSL.IIFL Securities will get access to 11,06,108 accounts from Karvy Stock Broking. The custody value of these accounts as of 31 January 2021 is Rs 3,01,407 crore.
Since December 2019, Karvy Stock Broking s trading terminals on NSE and BSE were closed under Sebi orders. In November 2019, SEBI barred Karvy from enrolling new clients for stock broking services and also prevented it from using the Power of Attorney (PoA) given by clients after it was found to have allegedly misused clients securities.
NSEL case: Apex Court directs SAT to hear brokers plea - The Hindu BusinessLine thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
Jagran Prakashan Ltd, Vaibhav Global Ltd, Sonata Software Ltd and IIFL Finance Ltd are among the other gainers in the BSE s A group today, 22 February 2021.
Jagran Prakashan Ltd, Vaibhav Global Ltd, Sonata Software Ltd and IIFL Finance Ltd are among the other gainers in the BSE s A group today, 22 February 2021.
Hindustan Copper Ltd surged 16.07% to Rs 99.7 at 11:49 IST. The stock was the biggest gainer in the BSE s A group. On the BSE, 9.17 lakh shares were traded on the counter so far as against the average daily volumes of 6.25 lakh shares in the past one month.
Jagran Prakashan Ltd spiked 12.28% to Rs 54.85. The stock was the second biggest gainer in A group. On the BSE, 3.53 lakh shares were traded on the counter so far as against the average daily volumes of 62629 shares in the past one month.
SC likely to hear NSEL plea on Tuesday
February 23, 2021
Exchange wants court to direct SAT to hear its intervention in commodity brokers ‘fit and proper’ appeal issue
The Supreme Court is likely to hear on Tuesday the scam-hit National Spot Exchange Ltd (NSEL) plea seeking a direction to the Securities and Appellate Tribunal (SAT) on its appeal in the “Not fit and Proper” case against certain leading commodity derivative brokers.
It may be recalled that the NSEL had knocked the doors of the apex court in December 2019 after the SAT declined on technical grounds the delay to entertain its intervention in the commodity brokers appeal against the “not fit and proper” order passed by SEBI.
Read more about Market drifts lower on negative Asian stocks on Business Standard. Key benchmark indices are trading lower in early trade on negative Asian stocks. At 9:25 IST, the barometer index, the S&P BSE Sensex, was down 184.03 points or 0.35% at 51,920.14. The Nifty 50 index was down 46.65 points or 0.3% at 15,266.80.