Sensex falls 70 pts in early trade; Nifty tests 17,000
Business | August 03, 2022 10:55 ISTThe BSE benchmark had ended 20.86 points or 0.04 per cent higher at 58,136.36 on Tuesday. The Nifty ended at 17,345.45, up 5.40 points or 0.03 per cent.
The BSE benchmark had ended 20.86 points or 0.04 per cent higher at 58,136.36 on Tuesday. The Nifty ended at 17,345.45, up 5.40 points or 0.03 per cent.
The 30-share BSE benchmark closed 20.86 points or 0.04 per cent higher at 58,136.36 with 16 of its constituents ending in the red. The index opened lower due to profit booking by investors after sharp gains in the four-day rally.
On the domestic equity market front, the BSE Sensex ended 20.86 points or 0.04 percent higher at 58,136.36, while the broader NSE Nifty advanced 5.40 points or 0.03 percent to 17,345.45.
The 30-share BSE Sensex climbed 545.25 points or 0.95 per cent to finish at 58,115.50. The benchmark closed above the 58,000 level for the first time after April 13 this year.
The BSE barometer had jumped 712.46 points or 1.25 percent to settle at 57,570.25. The Nifty had advanced 228.65 points or 1.35 percent to 17,158.25.
The 30-share BSE barometer jumped 712.46 points or 1.25 percent to settle at 57,570.25. During the day, it rallied 761.48 points or 1.33 percent to 57,619.27. The broader NSE Nifty advanced 228.65 points or 1.35 percent to 17,158.25.
NSE illegal phone tapping: The former MD was produced in the court from jail on order passed by the judge earlier. The judge had issued a production warrant against the accused on a plea moved by the ED.
The CBI, and now ED, have named Pandey, his Delhi-based company, NSE's former MD and CEOs Narain and Ramkrishna, executive vice president Ravi Varanasi and head (premises) Mahesh Haldipur, among others, in their respective complaints.
The 30-share BSE Sensex settled 150.48 points or 0.28 per cent lower at 53,026.97 as 20 of its stocks ended with losses. The broader NSE Nifty declined by 51.10 points or 0.32 per cent to 15,799.10 with 34 of its constituents closing in the red.
Sebi initiated investigation with respect to the dealings of the several entities, for the period 2009 to 2016 to investigate into the matter of providing connectivity to certain stock brokers by NSE in a manner which may be detrimental to the investors or the securities market.
NSE co-location case: CBI has already arrested Chitra Ramkrishna, former CEO and Managing Director of NSE and Anand Subramanian, former Group Operating Officer of the market.
The 30-share BSE benchmark dropped 153.13 points or 0.29 percent to settle at 52,693.57. During the day, it tumbled 387.22 points or 0.73 percent to 52,459.48.
Aether Industries Share Price: The scrip made a handsome debut on the NSE and BSE by delivering a 10 per cent return over the IPO issue price.
CBI has kept the probe open into allegations of preferential access granted to certain brokers by NSE officials and undue gains made out of it during tenure of Ramkrishna and Subramanian.
The 30-share BSE Sensex rallied 1,534.16 points or 2.91 percent to settle at 54,326.39. During the day, it zoomed 1,604.2 points or 3.03 percent to 54,396.43.
An FIR, in this case, was registered in May 2018, amid fresh revelations about irregularities at the country's largest stock exchange.
The raids are being carried out under the provisions of the Prevention of Money Laundering Act (PMLA). The agency had registered a money laundering case to probe the alleged irregularities on the basis of a 2018 CBI FIR.
The application claimed that Ramkrishna was not required for further interrogation and that no purpose will be served by keeping her in custody. The application also said that the accused was ready to follow any condition imposed by the court.
The CBI arrested the accused on Sunday after her anticipatory bail application was dismissed by the court on Saturday.
Ramakrishna, through her counsel, had approached the court seeking relief from her arrest. Her plea was opposed by the prosecution. After hearing the argument of defense and the prosecution, the court dismissed the plea.
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