Flash Finance

🇮🇳 India Daybook: BSE Plunges on SEBI Action, Jindal Steel Bags Mining Lease

Published: 2025-07-04 23:13 IST | Category: Markets | Author: Abhi

📍 REGULATORY ACTION & MARKET IMPACT

  • Shares of BSE Ltd. plunged around 6-7% on July 4, 2025, amidst concerns over the Securities and Exchange Board of India (SEBI)'s action against US-based trading firm Jane Street. SEBI has barred Jane Street from the Indian markets for allegedly manipulating equity derivatives and ordered the impounding of ₹48.4 billion (bn) in "unlawful gains." This move has raised investor concerns about its potential impact on derivatives trading volumes. Shares of other capital market firms like Angel One and Nuvama also saw declines following the SEBI action.

📍 CORPORATE ANNOUNCEMENTS

  • Jindal Steel & Power Limited (JSPL) secured a significant strategic win by obtaining a 50-year mining lease for the Roida-I Iron Ore and Manganese Block in Odisha.
  • YES Bank Ltd. disclosed its provisional operational metrics for Q1 FY26, showing a 5.1% year-on-year increase in loans and advances to ₹2.41 lakh crore, and a 4.1% year-on-year growth in deposits to ₹2.76 lakh crore. However, the bank reported sequential contractions of 2.0% in gross advances and 3.0% in deposits.
  • Sapphire Foods India clarified that there was no material information requiring disclosure regarding a news item about a potential merger with Devyani International, leading to its stock trading 6.91% higher.
  • Signpost shares were up after the Karnataka High Court quashed notices issued by the Bruhat Bengaluru Mahanagara Palike directing the company to dismantle advertisement structures.
  • Godavari Biorefineries saw its stock locked in the upper circuit on the BSE after bagging a European patent for a novel anti-cancer molecule.
  • PC Jeweller shares rallied 14.18% on the BSE, driven by an 80% year-on-year revenue jump in Q1 FY26, attributed to strong festive and wedding demand.
  • The Supreme Court refused to entertain a plea by HDFC Bank CEO and MD Sashidhar Jagdishan challenging an FIR of cheating and fraud.

📍 CORPORATE ACTIONS

  • Kabra Extrusion Technik Ltd. proposed a final dividend of ₹2.50 per share (50% of face value of ₹5 each), with the record date set for July 9, 2025.
  • Several companies had their ex-date/record date on July 4, 2025, for various corporate actions:
    • Dividends: Nestle India (₹10 per share), Control Print (₹6 per share), AU Small Finance Bank (₹1 per share), Central Bank of India (₹0.1875 per share), Tech Mahindra (₹30 per share), Navin Fluorine International (₹7 per share), Mahindra & Mahindra (₹25.30 per share), and Pfizer (₹35 per share & total special dividend of ₹130 per share).
    • Face Value Split: Paras Defence and Space Technologies Limited (from ₹10 to ₹5 per share).
    • Bonus Issues: Sharda Motor Industries Limited (1:1) and Container Corporation of India Limited (1:4).

TAGS: India Daybook, Stocks in News, Corporate News, Stock Market, Company News

Tags: India Daybook Stocks in News Corporate News Stock Market Company News

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