Sebi proposes changes to expiry settlement as closing auction faces pushback

Sebi has proposed retaining the existing VWAP methodology initially, with settlement based only on trades during the final 30 minutes of continuous trading, before potentially shifting to the blended approach after at least a year  The Securities and Exchange Board of India (Sebi) has proposed a revamp of the closing auction session (CAS) framework following…

Sensex, Nifty today: Why is stock market down today? Top 3 factors driving the selloff explained

Sensex, Nifty today: The Sensex dropped more than 500 points, or 0.70%, to an intraday low of 74,240, while the Nifty 50 slipped to 23,195.30 during the session, falling more than 200 points, or 0.90%. Sensex, Nifty today: The Indian stock market benchmarks dropped more than 1% on Tuesday, 15 September. The 30-share pack dropped…

NSE IPO opens tomorrow: Brokerage weighs growth prospects, valuation; what GMP indicates

At the upper end of the price band, NSE’s market capitalisation (m-cap) is estimated at around Rs 4.42 lakh crore. The face value of each share is Re 1, while the market lot is 8 equity shares. Eligible employees will receive a discount of Rs 170 per share. The initial public offering (IPO) of the…