Avadhut Sathe, once hailed as a charismatic trading mentor and financial influencer, is now under the regulatory scanner of the Securities and Exchange Board of India (SEBI). Known for blending market education with spiritual flair and theatrical presentation, Sathe’s rise in the world of retail trading has been as dramatic as his recent fall. SEBI’s enforcement action against Sathe marks a turning point in India’s crackdown on unregulated financial influencers—popularly known as “finfluencers”—who offer market
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Shares of capital-market-linked firms including Bombay Stock Exchange (BSE) and Angel One Ltd witnessed sharp declines on Thursday, falling over 7% intraday, after the Securities and Exchange Board of India (SEBI) announced plans to recalibrate the tenure and maturity profile of equity derivative products. The move, aimed at improving market depth and promoting long-term investing, triggered immediate reactions from traders and investors concerned about its impact on short-term trading volumes. Market Reaction: Sharp Selloff in
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Shares of India Cements Ltd rallied nearly 5% in early trade on Thursday after UltraTech Cement, its promoter and majority stakeholder, officially launched an Offer for Sale (OFS) to divest up to 6.49% of its holding in the company. The move is part of UltraTech’s strategy to comply with minimum public shareholding norms and streamline its ownership structure following last year’s acquisition. India Cements stock opened higher at ₹374.05 and surged to ₹387.60 on the
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Indian equity benchmarks continued their upward momentum for the sixth consecutive session on Thursday, supported by sustained buying in pharma, banking, and energy stocks. The BSE Sensex closed 142.87 points higher at 82,000.71, while the NSE Nifty gained 33.20 points to settle at 25,083.75, crossing the psychological 25,050 mark for the first time this week. Market Overview: Strength Amid Sectoral Rotation Despite mixed global cues and selective profit booking, domestic indices remained resilient. The rally
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Shares of Vedanta Ltd. came under pressure on Wednesday, falling nearly 3 percent intraday after reports surfaced of serious regulatory and legal hurdles in its proposed demerger plan. The stock hit a low of ₹438.65 on the NSE, down from the previous close of ₹450.20, before settling at ₹439.96 by 1 PM. This decline comes despite broader market strength, with the Nifty50 up 0.3 percent at 24,056 levels. The sell-off reflects investor concerns over mounting
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