Budget 2020: Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) will remain open on February 1, 2020; the day on which Budget 2020 will be presented by Finance Minister Nirmala Sitharaman in the Lok Sabha. February 1 is a Saturday, a day on which stock markets are usually closed.
Markets regulator Sebi said it will entertain only those complaints, where an investor discloses his identity and provides supporting documents to substantiate an allegation. The Securities and Exchange Board of India (Sebi) in a statement said, it will not take any action on complaints, where it is not able to reach back to the complainants.
The biggest index contributor RIL, jumped over 3 per cent on the Nifty and Bharti Airtel as much as 8 per cent, but overall 34 scrips Nifty50 stocks traded in the red while only 16 advanced during the early trade.
Capital markets regulator Sebi has fined four firms a total amount of Rs 20.4 lakh for carrying out fraudulent trading in the illiquid stock options segment of the BSE.
"Effective from Monday, October 14, 2019, the equity shares of IRCTC Ltd shall be listed and admitted to dealings on the exchange in the list of 'B ' Group of Securities," BSE said in a circular.
Shares of the drug firm fell to its 52-week low level of Rs 284.40, on the BSE, registering a decline of 9.90 per cent over its previous closing price.
Indian Hotels was trading 9 per cent higher, ITC was up by 7 per cent, Royal Orchid Hotels gained 7 per cent and Hotel Leela rose 4 per cent on the BSE.
The Dow Jones Industrial Average rose 45.41 points, or 0.17 per cent, to 27,182.45. The S&P 500 rallied 8.64 points, or 0.29 per cent, to 3,009.57. The Nasdaq Composite Index increased 24.79 points, or 0.30 per cent, to 8,194.47, Xinhua news agency reported on Thursday.
The BSE Sensex marched higher for the second straight day Wednesday on robust buying in metal, power and financial stocks ahead of June derivatives expiry.
Top losers include Yes Bank, Bajaj Auto, Bharti Airtel, HCL Tech, HDFC twins, Kotak Bank, TCS and Infosys, shedding up to 2.55 per cent.
Markets regulator Sebi has slapped a total fine of Rs 42 lakh on 14 individuals for executing fraudulent trade in shares of Kushal Tradelink Ltd (KTL). The 14 individuals were fined Rs 3 lakh each, totalling Rs 42 lakh, according to a Sebi order.
Accordingly, the seven-phase long 2019 general elections will conclude on Sunday. Subsequently, exit polls will be released with the final results being announced on May 23.
The Securities and Exchange Board of India (Sebi) after observing large scale reversal of trades in stock options segment of the bourse conducted an investigation between April 2014 and September 2015.
The 30-share index was trading 141.80 points, or 0.38 per cent, higher at 37,893.97, while the 50-share NSE Nifty climbed 33.75 points, or 0.30 per cent, to 11,375.45.
Benchmarks rallied to fresh lifetime highs on Wednesday on persistent investor appetite for market heavyweight RIL, while the broader buying momentum got a fillip after IMF underlined India's role as a source of global growth
A strengthening rupee against the US dollar also bolstered the trading sentiment even as investors shifted their focus to corporate earnings from trade war worries.
"Though India may not get much of a direct impact, the collateral damage could be in the form of adverse impact on the overall sentiment."
Around 2 pm, the scrips of the bank declined by 7.17 per cent to trade at Rs 135.35 per share, less by Rs 10.45 from the previous close at Rs 145.80.
After the disclosure on Wednesday, the bank's share price slipped as much as 5.9 per cent in early trade ad continued the downward trend later in the day. At 13:45 hours IST, the stock price Punjab National Bank was quoting at Rs 150.15, down Rs 11.5
The 30-share Sensex crashed 839.91 points, or 2.34 per cent, to end the day at 35,066.75.
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