MCX levies Rs 28.1 lakh penalty on IIFL Capital for abnormal trades

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IIFLCAPS · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-0.1%Reaction day

₹343.50

prior close

₹344.75

announcement price

After-mkt

timing

Nifty Microcap 250market+0.8%-1.0% vs market

Stockbroking & Allied peers, median of 39sector+0.0%-0.1% vs sector

On the reaction day the stock moved 1.0 pts less than Nifty Microcap 250 and 0.1 pts less than its Stockbroking & Allied peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.4

10m

-0.6

15m

-0.3

30m

-0.4

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.1+0.8-1.0+0.0-0.1

Next day

-0.1+1.0-1.2+0.5-0.7

+1.2+1.7-0.6+0.0+1.2

+1.0+0.1+0.9+0.0+1.0

+1.3+0.8+0.5+1.0+0.3

+0.9-0.9+1.8-0.9+1.9

+0.4-4.5+4.9-4.5+4.9

15d

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UpDownMarket · Nifty Microcap 250Sector · Stockbroking & Allied peers, median of 39Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

MCX has imposed an aggregate monetary penalty of Rs 28,10,300 on IIFL Capital Services for alleged abnormal or non-genuine client trades under Exchange Circular dated August 20, 2018. The penalty covers seven separate instances. The company stated the amount will be recovered from the concerned clients and there is no material impact on financial, operational or other activities.

Likely market impact

Minor penalty recoverable from clients. Company says no material impact on operations or financials.