Shares of all the 14 companies are currently trading above their issue price.

The total default is said to be in excess of Rs 3,000 crore - making this the largest default by a broker.

Maximum promoter holding to be eligible for reclassification to be raised from 10% to 15%; waiting time to be brought down to one month from three.

The move will increase working capital requirement for brokers, raise the work load on the system and will leave little room for contingencies.

While Airtel has hiked the limit to 100 per cent in principle, the company needs to address some issues on overseas investment limits in subsidiaries, before the changes come into effect. Until then, the cap on foreign ownership will remain at 49 per cent under the automatic route.

The markets regulator, Securities and Exchange Board of India (Sebi), recently introduced fresh guidelines to determine the place of a mutual fund (MF) on its riskometer tool.

The NSE held 25 to 100 per cent stakes in these entities through its subsidiary NSE Investments as of September.

T'I am not going to buy small- or mid-cap stocks at very high valuations if it doesn't make sense for the investors.'

Several brokers used shares of dormant or inactive clients to provide margins for other more active clients. This prompted Sebi to rework its entire system of pledging.

In the past four months, more than 4 million new accounts have been opened, taking the total to 44.3 million.

The Chinese authority hasn't entirely sold its stake but just trimmed it below 1 per cent. Stock exchange shareholding disclosure captures names of public shareholders who own more than 1 per cent stake.

The mid-cap universe - comprising firms that rank 101-250 in terms of m-cap - could see as many as 17 new stocks move out. Similarly, over half a dozen stocks could exit the large-cap universe, which is defined as the top 100 entities in terms of m-cap.

Many believe that the surge in the markets defy economic reality and is being fuelled by aggressive monetary easing by central banks across the world.

This is the fastest the markets have taken to get out of bottom, compared to previous crises.

The rights issue price has been set at Rs 1,257 a share, a discount of nearly 14 per cent to the last closing price of Rs 1,459. The company had set May 14 as the record date for the rights issue, which meant shareholders as on that day would be eligible to apply. Shareholders will be able to apply for one share for every 15 shares held.

'The only thing that is safe right now are government securities.'

Market players said NBFCs and HNIs are recalibrating their plans based on the changing dynamics.

The answer to that depends on whether the globe is able to contain the virus spread, says Samie Modak.

Naved Masood, former secretary in the Ministry of Corporate Affairs and Sebi board member; TV Mohandas Pai, chairman of Manipal Global Education and Dinesh Kanabar, CEO, Dhruva Advisors have ceded their position on the NSE board following end of their tenure.

In the past 10 trading sessions, shares of the state-owned company have shot up more than 50 per cent.