In today’s briefing:
- ₹173 Crore Insider Windfall: SEBI Cracks Down on Nexus Between CERC and IEX Traders.
- Tech Supply Chain Tracker (17-Oct-2025): Samsung to use ASML’s lithography tools against
- Japan Strategy Weekly | Global Jitters Spread
- Exencial Industry Tidings 17/10/2025
₹173 Crore Insider Windfall: SEBI Cracks Down on Nexus Between CERC and IEX Traders.
- SEBI issued an interim order barring eight individuals and impounding INR173.14 crore in alleged illegal gains from insider trading in IEX shares, involving a high-ranking CERC official leaking confidential information.
- This unprecedented case highlights a critical vulnerability: the leakage of UPSI from a regulatory body, undermining market integrity and posing a new, significant risk for companies dependent on government policy.
- The decisive action by SEBI sends a powerful deterrence signal, but investors must now factor in regulatory governance risk as a core valuation parameter, especially for monopolistic or policy-sensitive entities.
Tech Supply Chain Tracker (17-Oct-2025): Samsung to use ASML’s lithography tools against
- Samsung plans to acquire advanced lithography tools from ASML to strengthen its market position against TSMC.
- Telecom companies in Taiwan reported record revenues in September, largely due to increased iPhone 17 sales.
- China’s tightening control over critical minerals raises concerns for the electronics supply chain and manufacturing.
Japan Strategy Weekly | Global Jitters Spread
- For the week: Nikkei: -1.1%, TPX -0.8%, JPY 149.70 (-1.48¥), Gold +8.8%, Oil: -3.4%, BTC: -7.2%
- A week remains a lifetime in financial markets. The exuberance that lifted Japanese equities to record highs only last week has given way to a more cautious tone
- Sector wise, Retail outperformed, suggesting defensive positioning, but also reflecting strong underlying business performance. Aeon, Ryohin and Fast all saw major gains.
Exencial Industry Tidings 17/10/2025
- Exports up 6.7%, imports up 16.6% in September 20 25
- Cotton output likely to be around 31.2-33.5 million bales in 2025-26
- New project announcements in castings & forgings industry rise to Rs.27.9 bln in Sep 2025 qtr
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