Stock Market
SEBI made major changes in the fee structure of mutual funds, took many decisions in the interest of investors – SEBI revises fees structure of mutual funds investors will have to pay less fees
SEBI has taken a big decision in the interest of mutual fund investors. SEBI’s board on December 17 approved proposals for changes in the Total Expense Ratio (TER) framework. This will reduce the burden of expenses related to fund management on investors of mutual funds. SEBI had earlier presented a draft of changes in the rules.
Changes in the rules of brokerage and distribution commission
SEBI’s new rule states that STT, GST, stamp duty and commodities transaction tax will no longer be included in the calculation of TER. The regulator has also tightened the rules for brokerage and distribution commission. It has allowed performance based expense structures for certain schemes.
SEBI (Mutual Funds) Regulations, 2026 approved
SEBI (Mutual Funds) Regulations, 2026 were approved in the SEBI Board meeting held on December 17. This will replace the 1996 law. The new law has been approved after extensive consideration. Now levies like STT/CTT, GST, stamp duty, SEBI and exchange fees will be collected separately from the Base Expense Ratio (BER).
Changes in brokerage fees for mutual funds
Additional 5 bps expense associated with exit load has been removed. It has amended its earlier proposal to set a limit on brokerage fees to be paid by mutual funds. This limit for equity cash transactions has been increased to 6 basis points from the earlier 2 basis points.
TER will include these levies including BER
Currently, fund managers pay fees of up to 12 basis points for buying and selling shares in their portfolio. SEBI has increased the brokerage rate for derivative mutual funds deals from 1 basis points to 2 basis points (excluding levies). Now the Total Expense Ratio (TER) will include BER, brokerage and statutory/regulatory levies.
Reduction in base expense ratio for index funds, ETFs
SEBI has reduced the base expense ratio for index funds, ETFs from 1.0 per cent to 0.9 per cent. The base expense ratio of liquid scheme based fund of funds has been reduced to 0.9 percent. The base expense ratio for closed-ended equity schemes has been reduced to 1 per cent instead of 1.25 per cent.
Stock Market Highlight: Sensex fell 120 points, Nifty closed below 25,850, IT, metal remained bullish – live stock market today december 17 updates bse nse sensex nifty latest news hcltech akzo nobel kaynes tech ahluwalia contracts saregama nbcc iob ola electric share price
Stock Market Live Update: Sudeep Shah’s opinion on SBI Securities
SBI securities In Head, technical And derivatives Research Sudeep Shah Says that going forward, for Nifty, 50-day range of 25750-25700 EMA zone one important support Will do the work. If the index is 25700 level If it goes below 25550 level There may be further decline. On the upside, 20-day 25950-26000 EMA An important for zone index resistance Will do the work. Rise above 26000 takes Nifty to 26150 level Can accelerate up to.
He further said that banking benchmark Index, Bank Nifty, Apne 20 day EMA closed below, which Short term Momentum indicates a decrease. More importantly, deli RSI tightened near the 60 mark resistance found, which indicates that RSI Range shift according to principles Momentum Range bullish From sideways In shift It is happening. It tells that buyers The strength of is weakening and until it strong follow through important with resistance does not regain the zone, the index no longer Consolidation phase Can go in, ,
Going forward, 58700-58600 level important for index support will work because the previous swing Lo is in the same zone. Any sustainable move below 58600 Short term 58000 in level till and correction Can cause. While on the upside, the zone of 59300-59400 is an important point for the index. resistance Will do the work.
8 out of the top 10 business groups of the country gave positive returns in 2025, Bharti Group saw the highest gain; Tata disappointed – eight of India’s top 10 conglomerates by market value have delivered positive returns so far in 2025 bharti group lead gains check reliance industries tata itc group performance
Of the top 10 business groups in India by market value, 8 have given positive returns so far in 2025. According to ACE Equities data, the total market cap of these top 10 groups is expected to grow by nearly 8 per cent to Rs 130 lakh crore by December 15, 2025. At the same time, the total market cap of companies listed on BSE increased by 6.5 percent to Rs 469.70 lakh crore as of December 15. By December 31, 2024, it was Rs 441.96 lakh crore.
Among the top 10 business groups of the country, Tata Group and ITC Group registered a decline during the year 2025. The total market cap of Tata Group’s 24 listed companies fell by about 8.2 percent. Tata Consultancy Services saw a 21 percent decline in market cap. The market cap of other group companies like Trent, Nelco, Tata Technologies, Tejas Networks, Orient Hotels, Tata Chemicals and Tata Consumer Products also declined this year.
Talking about ITC Group, the total market value of ITC Limited and ITC Hotels Limited has declined by about 15 percent so far during 2025. The group’s performance was impacted by pressure in the agri business, higher tobacco costs and stiff competition.
Which group benefits the most
Bharti Group was the biggest gainer. The total market cap of its companies has increased by about 30 percent so far in 2025. The gains were led by Bharti Airtel, whose stock has gained more than 31 percent this year. Bharti Hexacom saw a rise of 21 per cent and Indus Towers saw a rise of over 15 per cent.
Reliance Industries Limited was the second biggest gainer in terms of market cap in 2025. The total market value of the group increased by 24.4 percent to Rs 23.14 lakh crore as of December 15. Reliance Industries’ stock rose 25 percent during the year. Support came from better performance in energy, retail and telecom businesses.
Condition of Aditya Birla and Bajaj Group
Aditya Birla Group and Bajaj Group were the next best performing groups. Both made a profit of about 22 percent during the year. Out of 10 companies of Aditya Birla Group, stocks of only 4 increased. Stocks of 4 out of 12 companies of Bajaj Group increased. Vodafone Idea was the top performer in Aditya Birla Group. The company has seen a growth of 128 percent so far in 2025. Aditya Birla Capital rose 105 percent and Hindalco Industries rose 42 percent. On the other hand, Aditya Birla Fashion declined by 68 percent. Aditya Birla Money fell by 43 percent, Aditya Birla Fashion Retail by 33 percent, Century Enka by 28 percent and Aditya Birla Sun Life by 10 percent.
Bajaj Finserv and Bajaj Finance had the biggest role in the growth of Bajaj Group. So far in the year 2025, Bajaj Finserv has seen a growth of about 50 percent and Bajaj Finance has seen a growth of 38 percent. Maharashtra Scooters have increased by 47 percent and Bajaj Consumer Care by 22 percent. Bajaj Auto grew by 2 percent during the year. On the other hand, Bajaj Projects declined by 38 percent. Bajaj Electricals fell by 37 per cent, Bajaj Hindustan Sugar by 35 per cent, Hercules Investments by 25 per cent and Bajaj Housing Finance by 22 per cent.
Akzo Nobel India Block Deal: 11.4% stake sold, shares fell by 15%
Performance of L&T, Mahindra, Adani Group
Talking about other big groups, L&T Group has seen an increase of about 17 percent in 2025. Mahindra Group gained nearly 15 percent, Adani Group gained nearly 10 percent and OP Jindal Group gained 5 percent. Mid-sized groups saw huge fluctuations during the year. Muthoot Group remained on top among profit earners. It saw an increase of about 79 percent. After this, Hero Group saw a gain of 41 percent and GMR Group saw a gain of 33 percent.
On the other hand, BK Birla Group had the worst performance. This group recorded a decline of 62 percent during the year. ADAG Group fell by 32 percent and Birla SK Group by more than 31 percent. Similarly, during the year there was a decline of 31 percent in CK Birla Group, 23 percent in BC Jindal Group, 21 percent in Yash Birla Group, 16 percent in Kirloskar Group and 15 percent in RP-Sanjiv Goenka Group. KK Birla Group lost 14 percent, MP Birla Group lost 12 percent and Godrej Group lost 9 percent.
Disclaimer: The information provided here is being given for information only. It is important to mention here that investing in the market is subject to market risks. As an investor, always consult an expert before investing money. Moneycontrol never advises anyone to invest money here.
Stocks to Watch: Four listings; Keep an eye on these stocks including Ola Electric, HCLTech, Saregama and Akzo Nobel – stocks to watch today hcltech akzo nobel kaynes tech ahluwalia contracts saregama nbcc iob ola electric nephrocare park hospitals in focus on 17 december sensex nifty
Stocks to Watch: Amidst the excitement in most of the Asian markets, Gift Nifty is also indicating a green start in the domestic market today. A trading day earlier, on December 17, the weekly expiry of Nifty, Sensex had closed at 84,679.86 with a slip of 533.50 points or 0.63% and Nifty 50 had closed at 25,860.10 with a fall of 167.20 points or 0.64%. Now if we talk about individual stocks today, due to their special corporate activities, sharp movements may be seen in some stocks. Details about these shares are being given here.
Stocks to Watch: Keep an eye on these stocks
According to the report of CNBC-TV18, promoter Imperial Chemical Industries can sell 9% stake in Akzo Nobel India through a block deal. At a price of ₹ 3150 per share, this block deal could be worth ₹ 1,290.6 crore.
Keynes Semicon, a subsidiary of Keynes Technology India, has announced two strategic partnerships with Japan’s AOI Electronics Co. and Mitsui & Co. to strengthen future semiconductor manufacturing operations in India.
Ahluwalia Contracts (India)
Ahluwalia Contracts has received an order worth ₹888.38 crore from Bihar State Tourism Development Corporation. Under this, the work of construction and overall development of Shri Ram Janmabhoomi Teerth area of Ayodhya in Punauradham, Bihar is included in EPC mode.
Saregama has entered into an investment agreement, a shareholders agreement, a music rights agreement with Bhansali Productions. Under this, it will acquire 9960 compulsorily convertible preference shares of Bhansali Productions for ₹325 crore. The Board has also approved the terms of acquisition of additional equity securities in multiple tranches and conversion of compulsorily convertible preference shares. The company can acquire up to 51% stake in Bhansali Productions by March 2030.
NSE’s subsidiary NSE Academy has partnered with HCLTech for joint certificate program in technology and finance. These courses will be run in India as well as in the Middle East and South Asia.
NBCC has received an order worth ₹332.99 crore for project management consultancy services from IIT Mandi and an order worth ₹12.05 crore for daily annual maintenance works from Kandla SEZ.
Bulk Deals
Ola Electric Mobility founder and promoter Bhavish Aggarwal sold 2.62 crore equity shares of the company (0.59% equity holding) for ₹91.87 crore at a price of ₹34.99 per share. He has sold these shares at the promoter level to fully repay the loan of ₹ 260 crore. This freed up all 3.95% of the company’s pledged shares, which, according to Bhavish Aggarwal, removed an important uncertainty.
Nephrocare Health Services and Park Medi World will be listed on BSE and NSE today, while Unisem Agritech and Shipwaves Online will be listed on BSE SME today.
Today is the ex-date for the buyback of eClarks Services and today is the ex-date for the rights of Krishiwal Foods and the bonus of Silph Tech.
You will not be able to take new F&O positions in Bandhan Bank today.
(This story is currently being expanded)
Join here for today’s live action in the stock market
Disclaimer: The information provided here is being provided for information only. It is important to mention here that investing in the market is subject to market risks. As an investor, always consult an expert before investing money. Moneycontrol never advises anyone to invest money here.
Ola Electric Block Deal: ola electric stocks crash 65 percent in a year watch video to know about its blockdeal
markets
Ola Electric Block Deal: Ola Electric founder Bhavish Aggarwal has sold 2.6 crore shares in a bulk deal. The stock has fallen nearly 65 percent in a year amid weak sales, reduced revenue guidance and a continuously falling share price. Know the details.
Why did the stock market crash? 5 big reasons – which 5 factors led to stock market crash on tuesday 16th december 2025 watch video to know
markets
Share Market Fall: Indian stock markets witnessed a decline for the second consecutive day on Tuesday, December 16. Sensex fell by 500 points in early trade. Whereas Nifty fell below 25,900. Investors’ morale weakened due to continuous selling by foreign investors, rupee reaching record low and weak global signals.
Nifty Outlook: Nifty again slipped below 26000, now how will it be on September 17? Know from experts – nifty slips below 26000 again what to expect on 17 december key support resistance levels explained by experts
Nifty Outlook: The Indian stock market remained under pressure on Tuesday amid weak global cues. Nifty once again could not stand near the important level of 26,000 and registered a decline for the second consecutive trading session. At the end of the day, Nifty fell 167 points and closed at 25,860.
Now let us understand from the experts how the movement of Nifty will be on Wednesday 17th December and which levels will be important. But, first let us know what special happened in the market on Tuesday and now which important factors will be kept an eye on.
Selling dominated throughout the day
Nifty started the day with a fall of around 75 to 76 points. After this, selling pressure continued for almost the entire session. A slight recovery was definitely seen in the last minute, but despite this the index closed near the day’s low.
Midcap and smallcap more weak
The market decline was widespread. 38 out of 50 Nifty stocks closed in the red. The broader market was more affected. Nifty Midcap 100 fell 0.93 per cent, while Nifty Smallcap 100 also lost 0.9 per cent.
Top Gainers and Top Losers
Bharti Airtel, Titan and Tata Consumer were the few stocks of the day in Nifty which showed strength. On the other hand, there was maximum selling in Axis Bank, Eternal and JSW Steel and these stocks proved to be the big losers of the day.
Weakness on the sectoral front too
The market trend remained weak sector wise also. Except Consumer Durables and Media sectors, almost all sectors closed in the red. The biggest decline was recorded in Realty, Private Banks, IT and Metals sectors.
Rupee fell for the fifth consecutive day
Depreciation of rupee in weak market environment also worsened the sentiment. The rupee weakened for the fifth consecutive session and fell 30 paise to close at a new record low of 91.08 against the dollar. The main reasons for the pressure on the rupee are considered to be the continuous selling by foreign institutional investors and increasing risk aversion at the global level.
Investors’ eyes fixed on America’s data
At the macro level, investors are now eyeing important economic data coming from America. These include data on non-farm payrolls, unemployment rate and monthly retail sales for November 2025. This data can give important indications about the future direction of the market.
What could be the future trend of the market?
Siddharth Khemka of Motilal Oswal says that at present, due to lack of any major trigger, the Indian stock market may remain in a limited range. Sideways trading may be seen in the market in the near term.
Experts’ opinion on Nifty outlook
Nagaraj Shetty of HDFC Securities believes that in the short term Nifty may slip towards the next support zone of 25,800–25,700. He said that even if there is a recovery in between, it may face a strong resistance around 26,000.
According to Nilesh Jain of Centrum Broking, the overall trend of Nifty currently remains sideways. He said that there is immediate support around the 50-day moving average at 25,790. If the index breaks below this level, the fall could extend to 25,700.
On the upside, Jain says that a sustainable movement above the 21-day moving average i.e. 26,030 will be necessary. Only then can we see recovery in Nifty and the index can move towards 26,250.
Negative sentiment due to breaking of support of 25,870
Rupak Dey of LKP Securities says that the current session was completely dominated by the bears. Nifty remained below the 200 period simple moving average on the hourly chart throughout the day, which clearly showed weakness. Breaking of the support of 25,870 has further strengthened the negative sentiment and the index may go down to 25,700 or below in the coming time.
According to Nandish Shah of HDFC Securities, Nifty is now approaching the 50-day exponential moving average, which is around 25,760. If this level is broken, the current correction may deepen further. On the upside, the level of 26,000 currently remains the biggest resistance.
Ola Electric Block Deal: Founder Bhavish Aggarwal sold 2.6 crore shares, stock has crashed 65% in 1 year
Disclaimer: The advice or opinions expressed on Moneycontrol.com are the personal views of the expert/brokerage firm. The website or management is not responsible for this. Moneycontrol advises users to always seek the advice of a certified expert before taking any investment decision.
Important meeting of the SEBI board tomorrow, discussions on mutual fund rules and stock broker regulations are likely – a crucial meeting of the SEBI board is scheduled for tomorrow where discussions on mutual fund regulations and stock broker regulations are likely
market regulator SEBI that an important board meeting is going to be held tomorrow IsThis meeting In mutual Fund industry Many important rules related to this can be reviewed. In this total expense ratio And Brokerage But limit Can also be discussed. yesterday’s Meeting In stockbroker provisions related to and ICDR framework It is also possible to discuss issues like changes in This ease of doing business with and retail On increasing participation of investors Too Discussion Will happen.
SEBI of board meeting agenda
According to information received from sources, in the agenda of tomorrow’s meeting mutual Fund regulation, stockbroker regulation And ICDR framework A full review is expected to be included. its purpose business ensure ease of doing and retail Investor participation has to increase. board SEBI Of full-Time of conflict of interest for members and officers code Can also discuss changes in. Old in other proposals physical of shares dematerialization make it easier for the public date issue In incentive give, hi-value date listed for companies limit increase and credit rating This may include expanding the scope of work of agencies.
TER including MF Comprehensive review of rules
institutional Brokerage And amc for relief request Is of. board total expense ratio ,TER) It may also reconsider the proposals to reduce the consultation Open in paper-Ended 15 for scheme Basis point And closed-ended 25 for scheme Basis point A cut was recommended.
SEBI by TER limit From STT, GST, CTT And stamp duty like legal levy It was also proposed to keep it out. Now, only management on fees GST taken separately, but second levy TER Join in. another proposal AMCs To performance-linked Expenditure ratio Related to starting. SEBI has said that the purpose of these measures is to increase transparency and regulatory Language To make it easier.
stockbroker review of rules
SEBI has said that the purpose of these proposals compliance To simplify, reduce costs, protect investors strong company rules and regulations actwith 2013 align Have to do. for the first time, algorithmic trading to formally any automated execution logic by using generate Or place were done order is defined as and Proprietary trading The definition of has also been clarified.
SEBI by stock Brokers to official securities of trading For Negotiated dealing system-order matching ,NDS-OM) platform till access to give and direct mutual Fund Plan In transaction facilitating digital platform one for execution only platform ,EOP) It has also been suggested to define.
current IPO lock-The rules related to these can also be easy
In tomorrow’s board meeting of SEBI IPO lock-to resolve these issues and Disclosure Modifications may be considered to make it easier. SEBI Pledged pre-issue to shares technology-enabled mechanism Of through lock-as in mark to allow to ICDR Can amend the rules. Now, mostly pre-issue to shares allotment for six months after lock-In has to be done, Depository Pledged to shares lock-Unable to tag as compliance problems in, listing delay and tight IPO timeline non-cooperative or trace impossible to do shareholders with coordination There are problems.
Other than this, SEBI abbreviated prospectus into a separate, easy to understand, 15-20 page offer document Summary It is proposed to be replaced by IPO main of Details Will join. This proposal can also be discussed in tomorrow’s meeting.
Wealth Destroyer: This stock, which lost 81% of its capital, recovered at rocket speed, got a huge jump of 13%, do you have it? – wealth destroyer exicom tele-systems share price jumps over 13 percent that slip over 81 percent to 52 week low
Exicom Tele-Systems Shares: Strong buying trend was seen today in the shares of Exicon Tele-Systems, which manufactures rectifiers, AC to DC converters etc. and EV chargers. The shares of this company, which lost investors’ money by more than 62% in one year, showed a rocket-like rise today and jumped by more than 13%. Today it gained momentum for the fourth consecutive trading day and as per today’s intra-day high, it has jumped by about 23% in four days. Some investors took advantage of this boom and booked huge profits due to which the prices softened a bit but it is still in a very strong position. Currently on BSE it is at ₹125.20 with a gain of 9.92%. It jumped 13.48% to reach ₹129.25 intra-day.
Proved to be a loss-making deal for investors
Exicom Tele-Systems shares have dealt a blow to investors and in less than a year it has lost more than 62% of investors’ capital. Last year on December 16, 2024, its shares were at ₹271.24, which is a one-year record high for its shares. From this high, it slipped 62.69% in less than a year to ₹101.20 a few days ago on December 9, 2025, which is a one-year record low for its shares.
However, if we talk about the record high, it has given a bigger shock to the investors. Last year, on July 2, 2024, it was at a record high of ₹ 530.40 and in about 17 months from this level, it fell by about 81% to its lowest level. Thus, investment in Exicom Tele-Systems has proved to be a huge loss-making deal for the investors.
Entry of shares took place in March 2024
Shares of Exicom Tele-Systems were entered in the domestic stock market last year on March 5, 2024. Under the IPO of ₹429.00 crore, its shares were issued to investors at a price of ₹142. After entry at a premium of about 86%, the stock kept rising further and within a few months the capital of IPO investors had increased by about 274% i.e. more than three times. However, then investors got a big shock and now it is even below the IPO price.
Who has how much stake in Exicom Tele-Systems?
As per the shareholding pattern as of September 2025, promoters’ stake in Exicom Tele-Systems is 66.47% and the remaining 33.53% is public shareholding. Talking about its promoters, Nextwave Comm has 54.72% stake and HFCL has 5.44% stake. Talking about public shareholders, three mutual funds have 3.88% stake in it, in which Quant Mutual Fund-Quant Smallcap Fund has a holding of 3.12%. The stake of foreign investors in it is 0.52%. Also, the share of 2,91,20,993 retail investors with investment up to ₹ 2 lakh is 20.94%.
Disclaimer: The information provided here is being provided for information only. It is important to mention here that investing in the market is subject to market risks. As an investor, always consult an expert before investing money. Moneycontrol never advises anyone to invest money here.