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CitiCorp Investment Bank (Singapore) Ltd has agreed to pay ₹36 lakh to settle allegations of non-compliance with SEBI’s Foreign Portfolio Investors Regulations (FPI Regulations). The accusations stem from the issuance of Offshore Derivative Instruments (ODIs) to Symmetry Master Fund Ltd (SMFL) without fulfilling the necessary Know Your Client (KYC) requirements. The Securities and Exchange Board of India (SEBI) issued a settlement order on March 6, detailing the violations committed by the entity. Key Findings of the SEBI Order: 1. Iss

Manufacturers of air conditioners, chilled beverages, and power companies experienced a rise in stock prices on March 6, as investors anticipated increased sales with the approaching summer season. This surge follows recent gains in these stocks after the Indian Meteorological Department (IMD) forecasted above-normal temperatures and an increase in heatwave days across India starting in March, following an unusually warm February. Invest in Indian Markets and Unlock Future Potential With 5paisa! Open Account Now .login-warning { disp

On March 6, metal stocks experienced notable gains as investor sentiment remained buoyant, driven by expectations of China's economic stimulus and a weakening US dollar. This surge propelled the Nifty Metal Index nearly 3% higher, reaching 8,918, marking its fourth consecutive session of gains. Invest in Indian Markets and Unlock Future Potential With 5paisa! Open Account Now .login-warning { display: flex; flex-wrap: wrap; align-items: center; justify-content: space-between; background: #fff; box-shadow: 0 0 2px rgb(51 55 57 /

U.S. crude oil exports to India surged to their highest level in more than two years last month, according to ship tracking data, as Indian refiners sought alternative sources following tighter U.S. sanctions on Russian producers and tankers. The shift reflects changing global oil trade dynamics as countries navigate geopolitical tensions and economic pressures. Data from Kpler indicated that the U.S. exported approximately 357,000 barrels per day (bpd) of crude to India in February. This marks a significant increase from last year’s figure

Shares of Reliance Industries (RIL) surged over 1.5 percent on March 6, boosting benchmark indices, following optimistic reports from international brokerage Jefferies and Kotak Institutional Equities. Jefferies reaffirmed its 'Buy' rating on RIL, setting a target price of ₹1,600 per share, while Kotak Institutional Equities upgraded the stock to 'Buy', citing a favorable risk-reward outlook. At 10:50 AM, Reliance share price were trading at ₹1,194 on the BSE. Invest in Indian Markets and Unlock Future Potential With 5paisa! Open

Just as derivative traders were beginning to recover, the market regulator introduced yet another challenge, making trading even more difficult. The Securities and Exchange Board of India (SEBI) has proposed changes to gross and net position limits for intraday and end-of-day trading in index futures and options. This move is expected to impact market liquidity, particularly affecting foreign portfolio investors (FPIs), high-net-worth individuals, and proprietary trading desks of stockbrokers, potentially reducing their exposure. Inves

The United States is considering granting exemptions for certain industries from the newly imposed 25% tariffs on Canadian and Mexican imports, according to Commerce Secretary Howard Lutnick. His comments on Wednesday provided a boost to automobile stocks, which had plunged the previous day, as reported by the Financial Times. iJoin the club of lakhs of tech savvy investors! Open Account Now .login-warning{display:flex;flex-wrap:wrap;align-items:center;justify-content:space-between;background:#fff;box-shadow:0 0 2px rgb(51 55 57 / 42%)

Route Mobile shares experienced a significant surge of 10% on March 6, driven by strong buying interest following a partnership agreement between its promoter entity, Proximus Global, and Nokia. As part of this agreement, both companies will collaborate to leverage their strengths in network API solutions, enabling developers to create innovative enterprise applications. Route Mobile highlighted in an exchange filing that the partnership will facilitate the integration of Proximus Global and Nokia APIs into each other’s marketplaces, enhanci