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[hfe_template id='11223'] [ad_1] Capital markets regulator Sebi on Friday slapped a monetary penalty of Rs 9 lakh on Reliance Securities for flouting market norms as well as stock brokers rules. The order came after the regulator and exchanges, NSE and BSE, had conducted a thematic onsite inspection of the books of accounts, records and other documents of authorised persons (APs) of Reliance Securities Ltd (RSL), a Sebi-registered stock broker. The inspection was conducted to ascertain whether the same are being maintained in the manner required by RSL, with respect to provisions of stock brokers rules, NSEIL Capital Market (CM) regulations and NSE Future & Options (FO) trading norms. The inspection was conducted for the period from April 2022 to December 2023. Pursuant to the findings of inspection, Sebi issued a show cause notice to RSL on August 23, 2024. In a 47-page order, Sebi found multiple violations committed by RSL and its authorised persons, including no...

[hfe_template id='11223'] [ad_1] India's benchmark Nifty snapped its seven-day losing streak on Tuesday, with some relief buying visible after frontline indices plunged 10% since the 26,000-plus record highs reached toward the end of September. However, gains achieved through the first-half of the day were largely erased in the last hour of trading due to escalation of tensions between Ukraine and Russia, with analysts saying any build-up in the conflict could lead the markets lower. The NSE's Nifty rose 64.7 points, or 0.28%, to close at 23,518.5. BSE's Sensex rose 239.3 points or 0.31% to end at 77,578.3. ETMarkets.com The Nifty was up as much as 1.39% and Sensex had gained 1.43% earlier in the day. After Ukraine's air strike on Russia, the European markets opened lower on Tuesday."Nifty failed to sustain above the 200-day average (23,556) and the global geopolitical concerns of Russia-Ukraine also weighed," said Vikas Jain, head of research a...