Daily BriefsIndia

Daily Brief India: JM Financial, NIFTY Index and more

In today’s briefing:

  • Governance Under Scrutiny: RBI, SEBI Probe on JM Financial
  • EQD | NIFTY Down: Where to BUY WEEKLY


Governance Under Scrutiny: RBI, SEBI Probe on JM Financial

By Nimish Maheshwari

  • Recent RBI and SEBI actions unveil irregularities in JM Financial (JM IN) Products IPO financing, exposing risks in NBFC-led subscriptions.
  • Ensuring market integrity and investor protection, regulatory scrutiny highlights governance lapses, urging transparency and accountability.
  • Prompts investor caution, demanding rigorous scrutiny of financial intermediaries, and reinforcing the need for robust regulatory oversight.

EQD | NIFTY Down: Where to BUY WEEKLY

By Nico Rosti

  • The NIFTY Index this week suddenly stopped its rally and started to correct.
  • This week should close down and the next week may be also down, but if it is the odds are great for a LONG trade.
  • Re-Enter the rally at prices between 21800 and 21150, this week or the next.

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