Markets: A Rigorous Course
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Reference

Facts register

Numbers that change: lot sizes, duties, rates, limits. Each carries an as-of date, a source and how far it has been checked. Treat anything older than a few months as a prompt to re-check.

verified
Checked against a primary source
secondary
From a reputable secondary source
unverified
Not yet checked
conflicting
Sources disagree
FactValueAs ofStatusSourceModules
GIFT Nifty trading sessions (NSE IX)06:30–15:40 and 16:35–02:45 IST (sources differ slightly)6 Nov 2026unverifiedSecondary summaries (verify with the exchange: nseix.com)M04A
Bulk-deal disclosure threshold (long-standing)> 0.5% of listed equity shares by one client in a day6 Nov 2026unverifiedSEBI disclosure rule (check NSE bulk-deal page); no as-of date givenM04A
Indian corporate tax, concessional regime (verify for FY 2026-27)22% base; ~25.17% effective with surcharge and cess6 Nov 2026unverifiedIncome Tax Department; no as-of date given (module: verify for FY 2026-27)M06
Tax treatment of share buybacksCompany tax to 30 Sep 2024; deemed dividend 1 Oct 2024–31 Mar 2026; capital gains plus promoter additional tax from 1 Apr 20266 Nov 2026unverifiedFinance (No. 2) Act 2024; Budget 2026 coverage (S); verify Finance Act 2026 textM06A
Extreme loss / exposure margin on index derivatives (commonly quoted)About 2% of notional1 Nov 2026unverifiedNSE margins page (via search), Nov 2026 month only (M07); M09A: not re-verified, check NSE ClearingM07 M09A
Daily settlement price of index futuresVWAP of last 30 minutes1 Nov 2026unverifiedSecondary sources; verify the daily settlement price methodology on NSE. Nov 2026 (month only)M07
GST on gold3% (1.5% CGST + 1.5% SGST, or 3% IGST on import)1 Nov 2026unverifiedCBIC GST rate schedule for heading 7108 (not re-read on 2026-11-06; verify). Nov 2026 (month only)M10
Geopolitical Risk (GPR) index normalisation (methodology)Mean 100 over 1985–20196 Nov 2026unverifiedCaldara-Iacoviello GPR methodology page (no as-of date given)M12
India VIX methodologyCBOE-style, near and next month Nifty options, 30 calendar days6 Nov 2026unverifiedNSE India VIX documents (M09: check current NSE document; M13: not re-verified)M09 M13
Risk-free rate used in course examples (assumption)6.5%6 Nov 2026unverifiedAssumption; check the 91-day T-bill yield on rbi.org.in (no as-of date given in M03)M03
Financial results deadlines (SEBI LODR Reg. 33)45 days after quarter; 60 days after year for audited annual6 Nov 2026unverifiedSEBI LODR, checked 6 Nov 2026 (verify consolidated text)M06A
SEBI MTF consultation (broker net worth ₹3 cr → ₹5 cr proposed; margins unchanged)Proposed, comments due 9 Jul 2026; adoption not verified18 Jun 2026unverifiedTaxmann (secondary); adoption not verified as of 6 Nov 2026M14
SPIVA India mid-year 2026: underperformance and survivorshipLarge-cap ~85% (6 months), ~74% (10 years) behind S&P India LargeMidCap; >70% behind over 10 years in every equity category; ~74% of funds survived 10 years30 Jun 2026unverifiedSearch-engine extracts of the S&P DJI SPIVA India page; the scorecard itself could not be fetched (403)M06B M06
Mutual fund riskometerSix levels (low to very high), reviewed monthly; debt schemes also carry a potential risk class matrix6 Nov 2026unverifiedSEBI circulars of October 2020 and June 2021 as commonly summarised; not re-fetchedM06B
TDS on income distributed by mutual funds (IDCW)Threshold reported as ₹10,000 a year per payer from 1 Apr 2025 (raised from ₹5,000); not checked1 Apr 2025unverifiedBudget 2025 coverage; not verified against the ActM06B

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