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Capital market regulator Sebi Friday said it has not issued any advisory to mutual funds against rolling over of their current exposure to Indiabulls Housing Finance and Dewan Housing Finance. "It has been reported in certain sections of the media that Sebi has advised mutual funds not to roll over their current exposure to Indiabulls Housing Finance and Dewan Housing. It is clarified that Sebi has not issued any such advisory," the regulator said in a statement. The clarification follows Sebi seeking details from mutual funds about their exposure to all NBFCs and housing finance companies, amid concerns over liquidity in the system, according to sources. In recent days, shares of non-banking financial companies (NBFCs) and housing finance companies have taken a beating against the backdrop of IL&FS group entity defaulting on its debt obligations, triggering fears of liquidity crunch. The Securities and Exchange Board of India (Sebi) has sent letters to ...

The breadth of the market favoured declines, with 306 stocks advancing, 1255 declining and 475 remaining unchanged. On BSE, 380 stocks advanced, 1325 declined and 68 remained unchanged. The Indian benchmark indices have turned negative after opening on a positive note this Friday morning with the Nifty50 down 22 points and is trading at 10,955 while the Sensex is trading lower by 15 points at 36,309. Bank Nifty is up IndusInd Bank which added over a percent followed by Axis Bank, HDFC Bank and ICICI Bank. On the other hand, YES Bank continues to trade lower, down over 6 percent in early trade. Nifty energy has added half a percent with gains from GAIL India which jumped 3 percent followed by Indian Oil Corporation, ONGC and Reliance Industries. Selective FMCG stocks are also buzzing this Friday morning led by Emami, ITC and United Breweries. However, Britannia Industries along with Colgate Palmolive, Dabur India, Jubilant Foodworks, Hindustan Unilever and Marico trade...

Japan's Nikkei stock index rose as high as 24,286.10 points, reaching its highest levels since November 1991, on renewed optimism about the global economy and hopes of a boost to exporters' earnings from a weaker yen. It was last up 1.5 percent. Japan's Nikkei hit a 27-year high on Friday, taking heart from a boost for the dollar after the Federal Reserve chairman said he did not expect a near-term recession and strong gains on Wall Street overnight. Japan's Nikkei stock index rose as high as 24,286.10 points, reaching its highest levels since November 1991, on renewed optimism about the global economy and hopes of a boost to exporters' earnings from a weaker yen. It was last up 1.5 percent. Shares elsewhere in Asia also rose, with MSCI's broadest index of Asia-Pacific shares outside Japan adding 0.1 percent. Shares in China were higher ahead of a week-long national holiday. Blue chips gained 1.1 percent and the country's main Shanghai Composit...

The most-active Brent crude futures contract, for December, had risen 18 cents, or 0.22 percent, to $81.56 per barrel by 0126 GMT. Oil prices inched up on Friday, with investors trying to gauge the potential impact on supply from looming US sanctions on Iran's crude exports. The most-active Brent crude futures contract, for December, had risen 18 cents, or 0.22 percent, to $81.56 per barrel by 0126 GMT. That was close to a four-year high of $82.55 struck on Tuesday. With the expiration of the Brent November futures contract later on Friday, the front-month contract will become the December contract. US futures were up 21 cents, or 0.29 percent, at $72.33 per barrel, on track for a weekly gain. "The market has been focusing on trading headlines on the Iran sanctions for a whole week. But views on how much OPEC and Russia can make up for the losses vary," said Chen Kai, head of commodity research at Shenda Futures. The sanctions kick in on Nove...

The clarification follows Sebi seeking details from mutual funds about their exposure to all NBFCs and housing finance companies, amid concerns over liquidity in the system, according to sources. Capital market regulator Sebi Friday said it has not issued any advisory to mutual funds against rolling over of their current exposure to Indiabulls Housing Finance and Dewan Housing Finance. "It has been reported in certain sections of the media that Sebi has advised mutual funds not to roll over their current exposure to Indiabulls Housing Finance and Dewan Housing. It is clarified that Sebi has not issued any such advisory," the regulator said in a statement. The clarification follows Sebi seeking details from mutual funds about their exposure to all NBFCs and housing finance companies, amid concerns over liquidity in the system, according to sources. In recent days, shares of non-banking financial companies (NBFCs) and housing finance companies have taken a bea...

ITC, Asian Paints, and GAIL are the top gainers, while Yes Bank, Vedanta, and Indiabulls Housing have lost the most Market Update A sharp selloff among midcaps as well as marquee sector names is dragging the market to low points. The Nifty has turned negative and is trading around 50 points lower, while the Sensex is trading flat.   The Sensex is down 21.21 points or 0.06% at 36302.96, while the Nifty is down 45.80 points or 0.42% at 10931.70. The market breadth is negative as 392 shares advanced, against a decline of 1,097 shares, while 69 shares were unchanged. ITC, Asian Paints, and GAIL are the top gainers, while Yes Bank, Vedanta, and Indiabulls Housing have lost the most.   STOCK CRASH ALERT Shares of Infibeam are down over 47 percent on Friday morning. Here is a look at the intraday chart of the stock.  Market opens It’s a good start to the market on Friday morning as the Nifty surpassed 11,000 in the opening trade. The Sens...

Reliance Industries (RIL) has entered into a partnership with Vardhman Textiles to manufacture its "R|Elan" fabric. As a part of this engagement, RIL's "R|Elan" technical team will work closely with Vardhman to develop a variety of new manufacturing processes to manufacture specially engineered fabrics.  "The innovative high-quality fabric collection will straddle across the performance and sustainable themes in formals, casuals, and other women wear segments," the company said in a statement on Wednesday.  "R|Elan technical team will provide the technical know-how, specifications, and parameters to ensure the best quality fabric is produced." R|Elan technologies have emerged out of RIL's research and development efforts and its vast expertise in fibers manufacturing.  RIL has partnered with more than 30 players that are equipped to produce new-age fabrics using R|Elan technologies. Disclaimer:- The views and...