![]() ![]() ![]() ![]() "It is, accordingly, undertaking investigation into the market allegations against the Adani Group of companies. The Securities and Exchange Board of India (Sebi), as the statutory regulator of securities markets, is mandated to put in place regulatory frameworks for effecting stable operations and development of the securities markets including protection of investors.Īs per its mandate, it conducts investigations into any alleged violations of its regulations by any market entity, he said. Nifty 50 declined by around 4.5 per cent during the same period. Minister of State for Finance Pankaj Chaudhary said in the Lok Sabha that the volatility in the stocks of these companies have not had any significant impact at the systemic level. Regulator Sebi is investigating market allegations against Adani group, whose 9 listed companies saw a 60 per cent decline in their market capitalisation between January 24 and March 1, Parliament was informed on Monday. , 03:21:12 PM IST Sebi investigating market allegations against Adani group companies: MoS Finance The blue-chip FTSE 100 was trading lower while the more domestically-focused FTSE 250 midcap index was flat. UK's FTSE 100 fell on Monday with banks extending losses as shock waves continue to reverberate through financial markets. HSBC shares were flat after it said it would acquire the UK subsidiary of stricken Silicon Valley Bank for 1 pound( $1.21). The STOXX bank index was down 1%, having shed 3.78% on Friday. The blue-chip CSI 300 Index closed 1.1% higher, and Hong Kong's Hang Seng benchmark surged 2%, both logging their biggest daily gains since March 1.Įuropean bank shares slid in opening trading on Monday after the failure of Silicon Valley Bank continued to shake markets, but moves were less dramatic than Friday's plunges. The rally also came as investors cheered more evidence of China's recovery, and after Beijing surprised by keeping the head of the central bank and finance minister in their posts at the annual session of parliament on Sunday. authorities stepped in to limit the fallout from the collapse of Silicon Valley Bank (SVB). The Nikkei sank 1.11% as of the close.Ĭhina and Hong Kong stocks saw their best day since March on Monday, tracking gains in global peers after U.S. Automakers also slumped amid pressure from a stronger yen, with Mitsubishi Motors pacing declines. Japan's Nikkei share average fell more than 1% on Monday, with banks leading losses as investors fretted over the potential fallout of Silicon Valley Bank's (SVB) collapse last week. IndusInd shed 7% followed by SBI which shed 3% and Tata Motors, M&M and Adani Port, each dropping more than 2.5%.Įquity markets were mixed Monday as US pledges to backstop troubled lenders helped soothe concerns about the US financial sector following the closure of two banks over the weekend. Media and Auto also shed more than 2% each in today's session.Īmong stocks, Tech Mahindra soared 6.5% as investors cheered the appointment of Mohit Joshi as managing director and chief executive officer designate. Sensex fell 900 points to close below 58,500, at 58,237, whereas Nifty 50 dragged 258 points to end at 17,154, breaking below the 17,200 mark for the first time since October 17.Īll sectoral indices ended in the with Bank indices dragging 2.5% due to investors having negative sentiment post SVB fallout. , 03:40:08 PM IST Indices continue to drag amidst negative global cues as Sensex and Nifty shed 1.5% eachīenchmark indices declined sharply on Monday, giving up early gains, on the back of mixed global cues as investors remain watchful on the fallout of Silicon Valley Bank and its impact on domestic markets while also awaiting inflation data due later in the day. ![]()
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