After rising about 129 points in early trade on Tuesday, the BSE benchmark Sensex gave up gains to end 10 points lower, dragged down by losses in Infosys, SBI and RIL, amid talks of a no-confidence motion against the UPA government on the FDI issue in Parliament. After snapping a six-day losing run on Monday, the 30-share Sensex resumed up, in line with firm trends in global markets and improved further to a high of 18,467.91. However, the market slowly frittered away the gains to finally close at 18,329.32, a drop of 9.68 points on profit-booking. The Sensex lost the initial momentum on fall in Infosys (1.46%), SBI (1.39%) and RIL (1.27%) despite gains in M&M (3.25%), HDFC (2.02%) and Tata Power (1.81%). The 50-share NSE Nifty index moved up marginally by 0.15 points to 5,571.55, snapping straight seven session of losses.
Sebi fined 7 cos in 2012-13 on investor complaints
Tightening its noose on companies that failed to resolve investors’ complaints, the Securities and Exchange Board of India (Sebi) has slapped penalties totalling more than R21 lakh since the beginning of the current fiscal. As per the latest information available with Sebi, the regulator has imposed a total monetary penalty of R21.35 lakh so far in 2012-13. These penalties have been imposed against seven companies for failure to resolve investor grievances. The number of such companies in the current fiscal so far is higher than a total of five firms against whom
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