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.
Ramakrishna was MD of the NSE from 2013 to 2016 before she stepped down from the post citing 'personal reasons'.
The National Stock Exchange of India said that the journey from 3 crore registered investors to 4 crore took about 15 months. The next 1 crore registrations took less than seven months.
In the previous session, the BSE index ended 765.04 points or 1.36 per cent higher to 56,889.76, and Nifty surged 225.85 points or 1.35 per cent to its record closing of 16,931.05.
According to ACS MSME Navneet Sehgal, this was decided in a meeting with NSE senior manager Rakesh Kumar on Thursday.
Equity indices suffered losses during early hours on Wednesday with all sectoral benchmarks in the negative zone.
Equity benchmark indices shaved early gains to end flat on June 30 as the last day of Q1 FY22 came to a close amid the second wave of Covid-19 pandemic.
Market bulls remained firmly in control on June 15, lifting up equity benchmark indices amid buying across various sectors in a range-bound trading session.
Coal India Ltd is expected to reward its shareholders with an additional final dividend of 20-25 per cent in its board meeting on June 14
Equity benchmark indices were range-bound on May 10 but closed in the green on the back of RBI's liquidity measures and indications of robust corporate earnings. At the closing bell, the BSE SandP Sensex was up by 296 points or 0.6 per cent at 49,502 while the Nifty 50 ticked higher by 119 points or 0.8 per cent to 14,942.
Equity frontline indices closed in the green on Friday fuelled by expectation that the second COVID-19 wave will peak this month and the economy will rebound quickly.
Equity benchmark indices cracked by 2 per cent on April 30 due to unabated rise in COVID cases and hiccups in vaccination drive amid unfavourable global cues. The BSE SandP Sensex closed 984 points or 1.98 per cent lower at 48,782 while the Nifty 50 plunged by 264 points or 1.77 per cent to 14,631.
Equity benchmark indices trimmed early gains to close flat on April 29 after traders booked profit in auto and financial scrips amid economic uncertainty.
Equity benchmark indices remained bullish despite trimming some early gains on April 26 following some reports that India's second wave of coronavirus will peak soon. The BSE SandP Sensex closed 508 points or 1.06 per cent higher at 48,387 while the Nifty 50 ticked up by 144 points or 1 per cent to 14,485.
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