Day Trading Stocks & Futures

[Option Seller]

Vix in Maharashtra govt formation mode

 

[Option Seller]

When VIX shoots up, people go crazy. Now VIX is going crazy.

 

[vikas2131]

 

[trader.trends]

While opening a bank account, most banks these days ask for the nomination form to be filled out. When it comes to Trading and Demat account, the brokers don't mention that to the client. How many of you have done the Nomination for your Trading and Demat account?

 

[vikas2131]

NIFTY

Continuation Boxes Are generally 1.5 -2 Month Long, if we Are In One Such Box!!

 

[bpr]

Karvy case: SAT halts further transfer of client securities after lenders challenge SEBI decision
The banks have sought immediate freezing of the securities transferred to clients' accounts. HDFC Bank has lent Rs 400 crore to Karvy based on these pledged shares


The tribunal further directed SEBI to hear out the lender's concerns by December 4 and pass an order by December 10.

NSDL on December 2 transferred securities worth Rs 2,013.77 crore to over 83,000 clients of the affected 90,000 Karvy investors. Most of the remaining accounts are in dispute with Karvy Stock Broking, so they may get their money/securities after clearing dues with Karvy.

This SAT ruling now puts a question mark on the receipt of securities for these investors.

"Bajaj Finance had lent Rs 100 crore after SEBI's June circular mandated segregating client and proprietary accounts. This circular clearly states that financial institutions cannot grant loans against client pledged shares," a source told Moneycontrol.

This could indicate that Bajaj Finance does not have a strong claim in the case.

Another source stated that SAT does not have the power of invocation, which rests with higher courts.

HDFC Bank, ICICI Bank challenge SEBI move

Separately, HDFC Bank and ICICI Bank have also approached SAT contesting SEBI's decision.

HDFC Bank has lent Rs 400 crore to Karvy based on these pledged shares.

The counsel for the banks sought immediate freezing of all securities that have been transferred to client accounts. "Pledged shares cannot be transferred without consent of the banks," the counsel said.

The counsel further argued that going forward banks will be forced to seek additional collateral from all brokers due to SEBI's December 2 action.



https://www.moneycontrol.com/news/b...urther-transfer-of-client-shares-4695151.html

We have too many quasi judicial body ...it is just crazy and everything can be appeeled in higher instution ...and matter can be delayed for a long long time. This is used by companies to their advantage .

here is a few
NCLAT - National Company Law Appelete Trubinal
NCLT - National Company Law Trubinal
SAT- Securitries Appalete Tribunal

Not so recently It took forever(more than 2 years ) for ArcelorMittal's to take over Essar Steel in their bankruptcy proceeding just cause the promoter kept on appeling ...first NCLT and then NCLAT and then it went to supreme court. And we wonder why we are not getting investment.
Why not go to supreme court directly and save time

Again the telecome hassle they knew what they are doing but kept fiighting the govt and after 15/20 years judgement came from supreme court.

Recently there is a fight where sebi says SAT does not have power over them and SAT disagrees and that fight is going on.The recent case where a ILFS defulted on pledged securities fraud where SEBI gave some order and SAT stalled it ...

And now this thing ....

 

[vikas2131]

We have too many quasi judicial body ...it is just crazy and everything can be appeeled in higher instution ...and matter can be delayed for a long long time. This is used by companies to their advantage .

here is a few
NCLAT - National Company Law Appelete Trubinal
NCLT - National Company Law Trubinal
SAT- Securitries Appalete Tribunal

Not so recently It took forever(more than 2 years ) for ArcelorMittal's to take over Essar Steel in their bankruptcy proceeding just cause the promoter kept on appeling ...first NCLT and then NCLAT and then it went to supreme court. And we wonder why we are not getting investment.
Why not go to supreme court directly and save time

Again the telecome hassle they knew what they are doing but kept fiighting the govt and after 15/20 years judgement came from supreme court.

Recently there is a fight where sebi says SAT does not have power over them and SAT disagrees and that fight is going on.The recent case where a ILFS defulted on pledged securities fraud where SEBI gave some order and SAT stalled it ...

And now this thing ....

This bureaucracy is responsible for bankruptcy of india in 1991 and they would force us again on same path if not stopped soon .

 

[timepass]

NIFTY

Continuation Boxes Are generally 1.5 -2 Month Long, if we Are In One Such Box!!

Looks like a long time since the last box.

 

[vikas2131]

Looks like a long time since the last box.

Not all are marked. You can see small one in august too.

 

[tortoise]

Does anybody know for sure which entity took the loan? Some reports suggest it was the stock broking entity, others report it was a real estate entity. There are also reports that the (demat?) account pledged with banks is not on the balance sheet/accounts of the entity which took the loan. Where was the due diligence by the banks during the loan disbursal? Blame spread all around - Karvy, Bajaj Finance, other lenders. Karvy clients shouldn't have to pay for a massive failure in regulation and corporate self regulation.

I'm curious what they managed to lose hundreds of crores on in a few months? Takes some special trading ability to pull that off. Or were there no significant losses?