Rate-sensitive stocks rise post RBI policy; IIFL Securities, Paytm, Bajaj twins rise up to 20%
In the rate-sensitive space, the financial services sector was the top performer, with IIFL Securities, Bajaj Finance, Paytm rising up to 20%.
In the rate-sensitive space, the financial services sector was the top performer, with IIFL Securities, Bajaj Finance, Paytm rising up to 20%.
SAT has also reduced the penalty imposed on the company to ₹20 lakh from ₹1 crore earlier
The BSE Sensex and Nifty50 are likely to open flat as GIFT Nifty was down 7 points, indicating a gap down opening for the bourses.
SAT order says there has been no “misuse” of client funds and no failure in segregation of client monies
None of the consumer tech companies like Nykaa, Paytm, and Zomato makes into Diwali 2023 pick by Axis Securities, IIFL Securities, and Kotak Securities.
SEBI order last week barred IIFL Securities from taking new clients for two years over violations of its code of conduct
The broking firm said that the SEBI’s order does not affect its current business with the existing clients and it will appeal before SAT.
IIFL Securities didn’t clearly label ‘client accounts’ and also mixed clients’ funds with its own funds before using those for its own proprietary usage, says SEBI