Latest news with #ShankarSharma
Time of India
a day ago
- Business
- Time of India
Jane Street case: Shankar Sharma raises concerns over exchanges' oversight
Veteran investor Shankar Sharma has raised sharp questions about the role of Indian stock exchanges in the recent Jane Street controversy, suggesting that profit motives may have prevented timely action against the global trading firm. In a post on X (formerly Twitter), Sharma questioned why the exchanges did not act sooner against Jane Street, even though they are among the first to receive trading alerts. 'How come the stock exchanges never sanctioned Jane Street? They are the very first to get such alerts,' Sharma wrote. 'How can they sanction JS when it drives F&O volume massively, hence SE profits?' 'Exchanges are not meant to chase profits' Sharma, who has often criticised the structure of listed exchanges, renewed his call for a rethink of their role. According to him, exchanges function as quasi-regulators and should operate like public utilities — not profit-driven corporations. 'I have long held that exchanges should NEVER get listed. They are a regulator. Profit motive creates endless conflict of interest,' he wrote. 'SEs should be a utility, not for-profits. Simple as that. Nahi to, suffer all this hanky-panky.' Live Events Sebi vs Jane Street On Friday, the Securities and Exchange Board of India (Sebi) passed an interim order accusing Jane Street, a U.S.-based proprietary trading firm, of using high-frequency trading strategies to manipulate index levels such as the Nifty 50 and Bank Nifty. Sebi alleged that Jane Street pushed up index values in the morning by buying stocks and futures, only to reverse those trades later in the day, thereby influencing expiry-day pricing of options in its favour. The regulator said this allowed the firm to generate profits of over Rs 43,000 crore in index options, while deliberately incurring losses in the futures and equities segments. Sebi has frozen Rs 4,843 crore in what it described as 'unlawful gains' and barred Jane Street and its entities from accessing the Indian securities market until further notice. Stock exchanges under scrutin In its order, Sebi mentioned that stock exchanges had issued caution letters to Jane Street in the past. However, it remains unclear what further steps, if any, the exchanges took before Sebi stepped in with enforcement action. Sharma's remarks have drawn attention to this issue, especially since one of the two major exchanges—BSE—is a listed entity, while National Stock Exchange (NSE) remains unlisted but operates as a for-profit organisation. The matter has sparked a broader debate about the role of exchanges in maintaining market integrity, particularly when sophisticated trading strategies and high-volume players are involved.
Economic Times
a day ago
- Business
- Economic Times
Jane Street case: Shankar Sharma raises concerns over exchanges' oversight
'Exchanges are not meant to chase profits' Live Events Sebi vs Jane Street Stock exchanges under scrutin (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Veteran investor Shankar Sharma has raised sharp questions about the role of Indian stock exchanges in the recent Jane Street controversy, suggesting that profit motives may have prevented timely action against the global trading a post on X (formerly Twitter), Sharma questioned why the exchanges did not act sooner against Jane Street, even though they are among the first to receive trading alerts.'How come the stock exchanges never sanctioned Jane Street? They are the very first to get such alerts,' Sharma wrote. 'How can they sanction JS when it drives F&O volume massively, hence SE profits?'Sharma, who has often criticised the structure of listed exchanges, renewed his call for a rethink of their role. According to him, exchanges function as quasi-regulators and should operate like public utilities — not profit-driven corporations.'I have long held that exchanges should NEVER get listed. They are a regulator. Profit motive creates endless conflict of interest,' he wrote. 'SEs should be a utility, not for-profits. Simple as that. Nahi to, suffer all this hanky-panky.'On Friday, the Securities and Exchange Board of India (Sebi) passed an interim order accusing Jane Street, a U.S.-based proprietary trading firm, of using high-frequency trading strategies to manipulate index levels such as the Nifty 50 and Bank alleged that Jane Street pushed up index values in the morning by buying stocks and futures, only to reverse those trades later in the day, thereby influencing expiry-day pricing of options in its favour. The regulator said this allowed the firm to generate profits of over Rs 43,000 crore in index options, while deliberately incurring losses in the futures and equities has frozen Rs 4,843 crore in what it described as 'unlawful gains' and barred Jane Street and its entities from accessing the Indian securities market until further its order, Sebi mentioned that stock exchanges had issued caution letters to Jane Street in the past. However, it remains unclear what further steps, if any, the exchanges took before Sebi stepped in with enforcement remarks have drawn attention to this issue, especially since one of the two major exchanges—BSE—is a listed entity, while National Stock Exchange (NSE) remains unlisted but operates as a for-profit matter has sparked a broader debate about the role of exchanges in maintaining market integrity, particularly when sophisticated trading strategies and high-volume players are involved.
Mint
5 days ago
- Business
- Mint
Beyond India and China: Shankar Sharma highlights the real bull market is in THIS country
Market veteran Shankar Sharma has highlighted a surprising trend in the global equity markets, where he pointed out an unexpected regional outperformer: Latin America. In a recent post on social media platform X (formerly Twitter), Sharma shared a striking world equity heatmap by Finxray, showing that Brazil led the global equity rally in the past month with a 7.80% gain, outshone only by South Korea's blistering 16.02% surge. 'Sachet Grahak Abhiyan ke antargat!! (Under my Aware Consumer Movement!!)*' Sharma wrote, sarcastically invoking his investor-awareness initiative. 'While people debate India - China - Asia, etc., the REAL BULL MARKET has been in... LATIN AMERICA!!! Holy Grail: Wider the catchment, bigger the gains!!' The Finxray heatmap, dated July 1, 2025, visually breaks down monthly equity returns across regions. It reveals: In the Americas, Brazil emerged as a standout performer with a 7.80% gain, followed by the US at 4.96%, Chile at 4.25%, Canada at 3.36%, and Mexico at 1.80%. Shankar Sharma's focus on Latin America is underscored by the strong performances of Brazil and Chile, which outpaced several traditionally watched markets in Asia and Europe. In Asia, South Korea's stock market led the pack with a remarkable 16.02% surge, followed by Taiwan at 7.85% and Hong Kong at 5.78%. Other regional markets also posted positive returns, including China (3.72%), Australia (3.24%), India (3.10%), Singapore (2.37%), and Japan (1.73%). Although the Indian stock market maintained steady gains, it lagged behind peers such as Taiwan, Hong Kong, and South Korea, which has seen a particularly sharp rally during the past one month. European markets posted more modest returns over the same period. Italy rose 2.69%, followed by Germany (2.51%), France (2.19%), the UK (1.71%), and Switzerland (1.05%). Sharma's comment, 'Wider the catchment, bigger the gains!!,' seems to be a subtle nudge at investors and analysts who tend to concentrate only on major economies like the US, China, or India. By pointing toward Latin America — a region often overlooked — Sharma is likely advocating for a more diversified and expansive view of global investing. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Hans India
20-06-2025
- Sport
- Hans India
Rally held to mark Olympics Day
Kurnool: On the occasion of Olympic Day on June 22, a rally was organised in Kurnool on Thursday under the auspices of the District Olympic Association from the Collector's Office to Kondareddy Buruju. Hockey and judo competitions were held on the occasion of Olympic Day. Dr Shankar Sharma participated as the chief guest in these competitions held at the outdoor stadium. Speaking on the occasion, he said that students should participate in sports besides their studies. He said that to get out of loneliness, they should participate in sports. He said that the students should enjoy hockey, which is the national sport of India. Ramanjaneyulu, Sudheer, Chinna Sunkanna and Praveen were present at the programme.
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Business Standard
18-06-2025
- Business
- Business Standard
How to make money in stock market? Bet on small-caps, say analysts
Investing in quality small-cap stocks for the long-term is a good way to make money in the stock markets, suggest analysts. A recent note by Bajaj Finserv AMC suggests India's small-cap segment has delivered healthy growth over the past seven calendar years, with market capitalisation (market-cap) of this basket surging fivefold – from ₹17 trillion in 2017 to ₹92 trillion by the end of 2024 — reflecting a robust compound annual growth rate (CAGR) of 27.6 per cent during this period. In comparison, large-cap and mid-cap segments recorded CAGR of 14.5 per cent and 21.6 per cent, respectively, during the same period, Bajaj Finserv AMC shows. The contribution of small-caps to the overall market-cap has grown 1.4 times over the last three years, the note said. At the same time, their contribution to corporate profits has surged 2.5 times in the past four years. This trend, Bajaj Finserv AMC said, reflects the increasing prominence of the small-cap segment and the broader range of investment opportunities it now presents. The Nifty Small Cap 250 Quality 50 total returns index (TRI) has outperformed the Nifty Small Cap 250 TRI in 14 of the last 19 financial years, Bajaj Finserv AMC findings reveals. Overall, the quality index delivered higher returns than most other indices in nine financial years from FY10. The road ahead Market experts believe that small-cap segment holds promise even at the current juncture, provided investors do their homework diligently, invest in quality stocks and stay put for the long term. 'I continue to believe India is a small-cap market. While the headline indexes - the BSE Sensex and the Nifty 50 - may not deliver much return for the next couple of years, at smaller levels there are amazing companies in India,' said Shankar Sharma, founder, GQuant Investech. As of April 2025, most small-caps continue to trade below their 52-week highs, making the segment appealing from a valuation standpoint, experts suggest. While the small-cap index gained only 4 per cent since fiscal year 2023-24 (FY24), profit after tax (PAT) of companies in this segment grew by 38 per cent, highlighting the segment's unrealised value, the Bajaj Finserv AMC note said. "Despite the price correction, small-cap profits rose to ₹29,941 crore in FY25 from ₹21,669 crore in FY246. Moreover, 74 per cent of the top 250 small-cap companies reported a double digit returns on capital employed (ROCE), indicating strong underlying fundamentals," the note said. At the bourses, meanwhile, the Nifty Smallcap 250 index has seen an impressive run in the last two years till date with a gain of 64.4 per cent. The Nifty 50 index, on the other hand, moved up 32 per cent during this period, ACE Equity data shows. Transformers & Rectifiers (India) has been the top performer among small-cap stocks, rallying 1,132 per cent in the last two years till date. Wockhardt, Garden Reach Shipbuilders, IFCI, Multi Commodity Exchange of India, JSW Holdings, Godfrey Phillips India and PG Electroplast are some of the other stocks that zoomed between 365 per cent and 703 per cent during this period, ACE Equity data shows. "Most macroeconomic parameters remain conducive for the markets. Only major concern for the Indian equity market is ongoing war between Israel and Iran. Any possible rise in oil prices beyond $90 a barrel would impact the domestic equities quite significantly. Otherwise, the Indian market outlook – especially for the small and mid-cap segment - remains very robust," said G Chokkalingam, founder and head of research at Equinomics Research.
