Sebi plans guide for risk rating

New Delhi, April 13: In an attempt to strengthen its surveillance, Sebi plans to set up a mechanism for ‘risk profiling’ of listed companies and market intermediaries, including stock brokers.

The regulator is also working on a formalised risk-based supervisory approach for various market intermediaries, for which it has set up a ‘Risk Based Supervision Task Force’, with an objective to understand the supervision needs for each class of entities regulated by it.

The task force will help identify and define various risk metrics, both quantitative and qualitative, and also explore and lay down the methodology for assigning rating of various risk metrics, a senior official said.

The task force will submit its report soon, and the implementation of the recommendations would be taken up. — PTI Ahead of the Q4 earnings and inflation data, Nifty retreated from the recordhigh on Friday.

Option data clearly suggests range bound activity in Nifty. Volumes in stock futures are reaching record levels suggesting punters preference for “play” in individual stocks. Surge in VIX indicates dangerous phase of volatile moves in near term.

Renewed buying was seen in power stocks. Buy on dips Tata Power and Reliance Power.

Capital goods counters like Crompton Greaves and Voltas continued to see momentum buying.

Sun Pharma’s acquisition of Ranbaxy may renew speculation of further M&A activity in Indian pharma companies. Buy on declines Aurobindo Pharma and Divi Labs. Resilient action was seen in cement counters. Further gains likely in the sector.

After recent run up bank stocks may slip into consolidation phase feel observers. Stock futures looking good are Ambuja Cement, Century Textiles.

Stock futures looking good are Ambuja Cement, Century Textiles, Divi Labs, HCL Tech, IDBI Bank, JISL, NMDC, Reliance Infra, Reliance Power, Reliance Capital, Tata Chemicals, Tata Power and Sun Pharma.