The special audit directed by banking regulator at IIFL Finance has initiated on April 23, the company has informed stock exchanges through a regulatory filing. The disbursement of fresh gold loans have been suspended till 'satisfactory completion' of the audit, IIFL Finance said in the release to exchanges. The measure is part of RBI’s supervisory action over concerns around certain loans.
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Wall Street's main indexes opened higher on Tuesday as some growth and chip stocks gained, while investors digested a raft of quarterly earnings updates, ahead of reports from Big Tech later in the week. The Dow Jones Industrial Average rose 116.1 points, or 0.30%, at the open to 38,356.07. The S&P 500 rose 18.3 points, or 0.36%, at the open to 5,028.85, while the Nasdaq Composite rose 74.2 points
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FinNifty 20900 put option surged from Rs 0.5 to Rs 9 in nearly five minutes at 13.05 pm on April 23 afternoon. In the same time, the underlying FinNifty index fell from 21,349.53 to 21,333.90. Technical analysts told Moneycontrol that the sudden spike in put option prices could be a big algo trade backed by a spike in volumes. Anshul Jain, head of research at Lakshmishree Investments and Security.
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