The Securities and Exchange Commission banned short-selling in 799 financial stocks in mid-September. In the land of free markets, this was shocking. But controversy around short-selling is as old as the markets. Here is an edited version of an editorial on short-selling that was originally published in the New York Times on 18 October 1930. What is remarkable is that none of the arguments has...
Wrong Signal
Indian companies hate the fact that current regulations give retail investors a say in ‘discovering’ the delisting price through the reverse book building (RBB) process. Ever since the delisting rules were framed, companies have lobbied incessantly to drop the price discovery process. Later, they began to adopt tricks such as passing board resolutions even when the RBB process...
Most stocks in the A list have suffered huge declines following a generally bearish atmosphere of the market
Gainers
Iron ore exporters are facing a difficult time as China is slowing down but Sesa Goa topped our selection with a 7% rise. Financial and banking stocks in our portfolio have had a mixed fortnight. Axis Bank rose 4%, Bank of India rose 2%, while HDFC Bank ended flat. Punjab...
