The bull market has brought new investors to the stock market, but also a new generation of scammers. Social media platforms have given stock manipulation methods a new makeover. SEBI has been busy detecting and bringing the perpetrators to book. Based on SEBI’s findings, we highlight five types of new-age stock scams that investors need to be cautious of.
SEBI has banned several entities, including actor Arshad Warsi and his wife Maria Goretti, from the securities market in a case related to uploading misleading videos on YouTube channels recommending investors to buy the company's shares.
Mumbai: The Securities and Exchange Board of India (Sebi) on Thursday barred several social media influencers from the securities market and impounded their unlawful gains, in connection with pump-and-dump schemes in shares of Sharpline Broadcast and Sadhna Broadcast
With a gain of 1,981 per cent, Kaiser Corporation stood as the top gainer in the list. Shares of the company surged to Rs 58.05 on December 5, 2022 from Rs 2.79 on December 31, 2021
Ambar Protein Industries and IKAB Securities & Investment also rallied 2,636 per cent and 1,847 per cent respectively during the period. Gensol Engineering also rose 1,637 per cent during the same period, the data suggest.
Data showed that at least 60 stocks on the BSE have rallied over 250% since October 19, 2021, when the benchmark equity index BSE Sensex hit its all-time high of 62,245.43. Since then, the 30-share index has plunged nearly 13% to date.
BSE Sensex and Nifty 50 tanked nearly 3 per cent on Monday, on the back of inflation concerns, fears of aggressive interest rate hikes by the US Fed, volatile crude oil prices, Indian Rupee freefall, and FII outflows
Indian equity markets came off day's highs after turning positive as the Reserve Bank of India (RBI) retained the FY23 GDP growth forecast at 7.2 per cent. Sectorally, Banks, Financials, Metals, PSBs and Realty indices held strong gains on the Nifty. While, Auto, Pharma, FMCG and Consumer Durables were subdued.
Benchmark indices held minor cuts in Monday's session, tracking weakness in global markets as investors feared steeper rate hikes by the US Fed. Besides, the RBI, too, is scheduled to announce its rate hike decision on Wednesday.
It is imperative to keep a close vigil on corporate actions as they offer you with a crystal-clear perspective of the equity you possess during difficult times like surging inflation, volatile stock market, and other conditions. There will be 5 stock splits in the month of June and it is imperative to keep a close watch. Below is a list of stock splits that is going to take place in June.
Indian benchmark indices pared gains in noon deals on Monday, owing to weakness in select index heavyweights like Infosys and ITC. The BSE Sensex which touched an intraday high of 53,428, was up around 200 points near the 53,000-mark. The NSE Nifty 50 was up 50-odd points.