Sebi, RBI engage in turf war over Bitcoin regulation

The administration's proposition to control Bitcoin digital currency has started an administrative turf war amongst Securities and Exchange Board of India (Sebi) and Reserve Bank of India (RBI). As per sources, the national bank is of the feeling that bitcoin is a security as opposed to money and ought to be controlled by Sebi. The proposition has not run down well with the last which contradicts the recommendation. A week ago, the back service required a meeting of all partners to talk about the administrative system of the virtual money.

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Nifty likely to close above 10,000 in July series; 5 stocks which can give up to 14% return

There has been aggressive put writing in near strikes with 9900 strike holds the maximum put open interest indicating strong support zone. The Nifty is moving up and has been making new highs on regular basis with a decent addition in open interest (OI) which indicates the strength in the current trend. The Option writers were active last week as we have seen Put writing in 9900, 9800, 9700 strikes and unwinding in calls. The foreign institutional investors (FII’s) options data also indicates fresh buying in index calls (9900, 10000 strikes). Moreover, from derivative data, it is quite possible that Nifty may expire above 10,000 levels in the current series. As in the recent past, we have seen aggressive put writing in near strikes with 9900 strike holds the maximum put open interest indicating strong support zone. On Tuesday, Call writers were unwinding call short position which once again indicates the possibility of upside before expiry. On the technical front, 9920-9...

Rewards for speculators who ride out unpredictable markets

The previous couple of years have been unstable ones for South African speculators, and a few late shocks to the nearby and worldwide money related frameworks –, for example, the bureau reshuffle, Brexit, Donald Trump's triumph in the United States – have added to the instability. What ought to financial specialists do in times, for example, these? Presently, like never before, speculators need to adhere to their long haul monetary plans and not change out of higher-hazard ventures, for example, values, into more secure ones, for example, money instruments. Financial specialists who change all through ventures in view of how they read the business sectors charge far more terrible, for the most part, than the individuals who stay consistent with their speculation objectives. The reason is that they tend to switch at precisely the wrong circumstances: they offer when the market is low and purchase when it is high. Speculators who change all through ventures in view of how ...

CDSL issue shows IPOs riding market euphoria; tread carefully

A strong equity market performance is generally followed by a flurry of initial public offerings (IPOs). Euphoria grips the Street and IPOs – whether reasonably priced or not— get through with ease. Conversely, primary market frenzy is often seen as harbinger of market peaking. This trend is playing on Dalal Street these days. But retail investors who ignore valuations of IPO in this euphoria often end up getting the wrong end of the stick. Analyst warn that investor who wish to hold new papers on quality parameters should pay heed to valuations. “Many a times, companies with very high pricing also attract good subscriptions. Remember the Reliance PowerBSE -1.35 % issue in 2008? It did very well, but we all know what happened next. One should always look at valuations before putting money in an IPO. If you find an IPO more than fairly priced or aggressively priced, ignore it and look for opportunities in the secondary market instead. Some of the recent IPOs such as...

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