The Sensex comprises of the 30 stocks which are selected according to the criteria set. The Market Capitalizations of all the 30 companies are determined.
The Free Float Market Capitalization of all the 30 companies is determined. The base year to calculate Sensex is , the base value is static but it has to be changed. According to BSE Rs. The base index value is Latest Blog The trusted way to pick the best stocks to buy for long-term.
Login Forgot password. For any query call us on To Download Nest Trader Application click here. More details OK. Not able to view chat? Please Click Here. X Comprehensive rejoinder on media reports concerning SEBI Karvy is a diversified financial services and IT solutions provider with a large footprint across India, providing employment to thousands of people in practically all states in the country, and has a proven 40 year record of integrity and a reputation for excellence in the financial markets.
Upon submission of the preliminary inspection report by NSE to SEBI, the regulator issued an ex-parte ad-interim order dated Nov issuing directives in investor interest. The order itself states emphatically, that this is in response to preliminary findings and is subject to further review upon a more comprehensive audit and investigation. The order further gives us the right to respond to each and every preliminary observation within a period of 21 days and is thus only a temporary order restraining some actions till December 16th, when we will represent our position to SEBI.
Even a perfunctory reading of the above mentioned order makes it clear that the only relevant strictures that have been passed against our organization are a temporary hold on the onboarding of new clients, and additional oversight and monitory from NSE and BSE. It in no way prevents us from continuing to transact business on behalf of our existing clients as per their instructions, and in furtherance of investor best interests.
The restriction on onboarding new clients is only for a twenty one day period subject to us submitting the clarifications and stating our position. The quantum mentioned is incorrect. Karvy Realty is one of the group companies and investments were made in other subsidiary companies through this entity.
We are of the firm belief that the investments made through owned funds of the group and borrowings other than the pledge of securities were fully compliant with the relevant provisions and directives of the regulator during the period that they were made.
Further, we wish to reiterate that all monies transferred from time to time were solely for the ongoing conduct of business in subsidiary firms and not a single penny went to enrich the promoters personal funds as is being insinuated. This is highly misleading, completely inaccurate and damaging. Firstly, because if there is a default in our business, as stock broking is not a line of business where the term default is relevant, and the SEBI order itself neither mentions a default nor an amount of Rs crores.
We want to reiterate once again that nowhere in the SEBI order has an amount of Rs crores been mentioned, and that this number together with the word default is extremely misleading and damaging to our reputation. Please note that SEBI has restricted us only from acquiring new customers until the matter is resolved. They have given us 21 days to give a comprehensive response to their prima facie findings, and issued an interim order. Develop and improve products.
List of Partners vendors. Your Money. Personal Finance. Your Practice. Popular Courses. Markets International Markets. What Is the Sensex? Key Takeaways The Sensex is India's benchmark stock index and represents 30 of the country's largest and most well-capitalized stocks listed on the BSE. It is calculated in Indian rupees and U. The index is float-adjusted and market capitalization-weighted.
The Sensex has grown since India opened up its economy in How Does the Sensex Work? How Is the Sensex Calculated? Article Sources. Investopedia requires writers to use primary sources to support their work.
These include white papers, government data, original reporting, and interviews with industry experts. We also reference original research from other reputable publishers where appropriate. You can learn more about the standards we follow in producing accurate, unbiased content in our editorial policy. Compare Accounts. The offers that appear in this table are from partnerships from which Investopedia receives compensation.
This compensation may impact how and where listings appear. Investopedia does not include all offers available in the marketplace. Discover more about the BSE here. Partner Links.
Related Articles. The allotment of stocks takes place before listing and investors who bid for the stocks get their share depending on the number of investors. Once the company has been listed, stocks can be traded in the secondary market by the investors. This is the marketplace for the buyers and sellers to transact and make profits or in some cases, losses. Because of the magnitude of investors who number in the thousands, it is difficult to have them assemble at one location. Therefore, to conduct trade, stockbrokers and brokerage firms come into the picture.
These are entities that are registered with the Stock Exchange and serve as intermediaries between the investors and the exchange itself. When you place an order to buy any share at a given rate, the broker processes it at the exchange where there are multiple parties involved. Your buy order is passed on to the exchange by the broker, where it is matched for a sell order for the same. The exchange takes place when the seller and the buyer agree upon a price and finalize it; the order is then confirmed.
Once you finalize a price, the exchange confirms the details to ensure that there is no default in the transaction. The exchange then facilitates the transfer of ownership of the shares which is known as Settlement.
You receive a message once this takes place. The communication of this message involves multiple parties like the brokerage order department, the exchange floor traders, etc. This means that if you trade today, the shares are reflected in your Demat account in two working days time. Investing in the share market is subject to market risks. It is recommended you seek expert guidance before investing.
Visit ClearTax to browse through our handpicked mutual funds and pick one based on your suitability.
0コメント