- BSE Sensex closes 47 points up as TCS hits record high, other IT shares gainBSE Sensex closes 47 points up as TCS, other IT shares gainBSE Sensex closes down by 111 pts as Bharti Airtel, SBI shares drag, Nifty sheds 36Weekly market review: Market extends losses for 3rd week, Sensex down 27 points
Sensex bounces back from 2013 lows, up 33 pts
The BSE benchmark Sensex on Monday rebounded from the calendar year’s lowest levels to close 33 points up at 19,501.08 on the back of buying in HDFC, L&T, HUL and SBI shares. After two days of losses, the 30-share index touched an intra-day low of 19,462.92, but then progressed upwards to end at 19,501.08 — a gain of 32.93 points, or 0.17%. Brokers said trading remained cautious ahead of Budget this month-end and reduced positions to pick up fundamentally strong scrips. While Tata Steel led 17 gainers in the Sensex with a 2.49% rise, HDFC, L&T and HUL closed up in a 1.5-1.9% range. SBI, Bhel, Sterlite and Hero Moto also closed up. Outside the benchmark indices, Jet Airways plunged 7.7% amid reports Etihad may revise a deal to buy stake. The NSE 50-share Nifty also moved up 10.80 points or 0.18% to finish at 5,898.20.
NSE to shift three stocks to restricted trading segment
Leading bourse National Stock Exchange (NSE) will transfer the scrip of three firms to the restrictive trade segment to safeguard investors. The exchange said Bodhtree Consulting, Abhishek Corp and Ashco Niulab Industries would be shifted to trade-to-trade category or ‘T’ group from rolling settlement, while Austral Coke & Projects would be transfered to rolling settlement. The changes would be effective from February 22. NSE said scrips of 15 companies, including Jain Studios, Supreme Text Mart and Lakshmi Finance & Industrial Corp would continue to trade in ‘T’ group. In the ‘trade-to-trade’ segment, no speculative trading is allowed and delivery of shares and payment of the consideration amount are mandatory.
Sebi slaps R1.5-lakh fine on GMR Holdings
Sebi on Monday imposed a penalty of R1.50 lakh on GMR Holdings for alleged non-compliance with disclosure norms related to acquisition of shares of GMR Industries in 2000. The shares of GMR Industries were purchased by GMR Investments and Varalakshmi Investment. The two entities later merged into a single entity, GMR Holdings. Sebi slapped a fine of R1 lakh on GMR Holdings for not filing requisite disclosures and another R50,000 for not making the the disclosures within the stipulated time as per the norms.