Manappuram Finance

Stock market today: PNB, SAIL, Sun TV among 15 stocks in F&O ban list on August 13

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Stock market today: PNB, SAIL, Sun TV among 15 stocks in F&O ban list on August 13

F&O ban list:The National Stock Exchange (NSE) banned trading in 15 stocks on Tuesday, August 13, in the futures and options (F&O) segment as they exceeded 95% of the market-wide position limit (MWPL). However, these stocks will be available for trading in the cash market. The NSE updates the list of securities in the F&O … Read more

Muthoot, Manappuram Finance fall over 8% on RBI’s advisory on cash disbursal; here’s what it means for gold financiers

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Muthoot, Manappuram Finance fall over 8% on RBI's advisory on cash disbursal; here's what it means for gold financiers

Shares of gold financing companies – Muthoot Finance, and Manappuram Finance – were trading under pressure on Thursday after the Reserve Bank of India (RBI) sent the companies an advisory concerning cash disbursal of loans. The RBI has instructed Non-Banking Financial Companies (NBFCs) to strictly follow the provisions of the Income Tax Act regarding cash … Read more