BSE Sensex falls for 2nd day on profit-booking, down 80 pts
Erasing its initial gains, the Sensex on Wednesday once again succumbed to profit-taking and fell by nearly 80 points to end at over one-week low level. After reclaiming the 21,000 mark in opening trades, the bluechip index hit an intra-day high of 21,004.54. However, it later declined to 20,861.42 before finishing at 20,894.94, a loss of 79.85 points or 0.38% from its Tuesday close.
Sebi begins proceedings to recover investors? money
Armed with greater powers to deal with fraudsters and market manipulators, Sebi has initiated nearly 200 attachment proceedings for recovery of investors? money and unpaid penalties from various defaulters. The proceedings have been launched in a period of little over a month and have been initiated as part of Sebi?s new powers to order freezing of bank accounts, attachment of properties, conduct of search and seizure operations and launch of recovery proceedings.
Sebi bars 37 entities after probe into SMS spurt
In second major crackdown on entities luring investors fraudulently through SMSes, Sebi has barred 37 entities, including a listed company and its promoters and directors, from capital markets. The market regulator had initiated an investigation after it noticed an outburst of SMSes during February-March, luring gullible investors to buy the scrip of SMS Techsoft (India).
Cos made open offers worth R37,460 cr in H1
Listed companies made open offers for shares worth R37,460 crore in the first half of the current fiscal, up to September 30, the highest for the period in the past six years. According to a report by Prime Database, 46 companies made open offers to the tune of R37,460 crore in the April-September period of 2013-14 under Takeover Regulations. In comparison, 44 offers amounting to R1,721 crore were made in the first-half of 2012-13. This is the highest cumulative amount for open offers made since first six-months of 2008-09.
BSE to move 47 stocks, NSE to shift 18 scrips to ?T? Group
Leading stock exchanges NSE and BSE will shift securities of various companies to the restricted trading segment on their platforms, with effect from November 11, to ensure market safety and safeguard investor interests. BSE would transfer 47 stocks to the trade-for-trade segment or the ?T? Group, while NSE would move 18 scrips to this category.
