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Yes Bank lists at 44 per cent premium
Mumbai: The shares of Yes Bank were trading at a premium of 44 per cent over the issue price on the first day of listing on the Bombay Stock Exchange.

The stock opened at Rs65 against the issue price of Rs45 per share. On the NSE, it opened at Rs65.90, a 46.4 per cent premium to the issue price.

The shares of the bank touched an intra-day high of Rs70 on both
exchanges before closing at Rs60.80 on the BSE and at Rs60.85 on the NSE.

The shares traded on both BSE and NSE were over 7.5 crore.
Yes Bank has raised Rs315 crore through the initial public offering
and the issue was subscribed over 30 times. A total of 68.34 lakh bids were received at the cut off price.
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Sebi to introduce new market surveillance system
New Delhi:Securities Exchange Board of India (SEBI) is planning to introduce a comprehensive integrated market surveillance system (IMSS) by February-March to keep an eye on volatile movements on the stock market.

Accordingh to the regulator once the IMSS is in place, it will have
real data on the market.

IMSS is expected to generate alerts that will help Sebi to identify
and detect serious market violations such as market manipulations,
insider trading and other types of frauds that undermine market
integrity.

IMSS will enable SEBI to monitor market activities across various
stock exchanges and market segments including both equities and
derivatives. The system envisages integration of data available from
stock exchanges, clearing corporation and depositories into a single IMSS.

The proposed IMSS would be implemented across exchanges and segments and would integrate the surveillance systems of BSE, NSE, CDSL, NSDL and regional stock exchanges with that of SEBI in phases.
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