Sensex fell 5 points after a choppy session on Wednesday on the eve of the expiry of November derivative contracts and ahead of GDP and fiscal deficit data due on Friday. Infosys and Reliance Industries dragged the index lower even as ITC and Tata Motors provided some support. The S&P BSE Sensex opened higher at 20,449. It traded within a band of 20,348.06 to 20,482.67 before closing at 20,420.26, a drop of 4.76 points or 0.02%.
Sebi allows LLPs to seek bourse membership
Sebi on Wednesday allowed Limited Liability Partnerships (LLPs) to get membership of stock exchanges in the country. As per the norms, only those LLPs would be eligible for membership on the bourses that have complied with the financial requirements and its designated partners are not disqualified from being members of stock exchanges.
Satyananda Mishra to head MCX board
MCX has appointed former chief information commissioner Satyananda Mishra as chairman of the exchange?s board. The appointment is subject to the approval by the Forward Markets Commission (FMC). The board of directors of MCX, which met on Wednesday, also recommended the appointment of Miten Mehta as a shareholder director representing Financial Technologies (India) (FTIL).
Nasdaq closes above 4k for first time in 13 years
The Nasdaq composite index closed above 4,000 on Tuesday for the first time since 2000. Retailers and homebuilders were among the best performing sectors, responding to stronger-than-expected earnings and robust housing market data. Big-cap technology stocks helped Nasdaq finish above 4,000 for the first time since the dot-com bubble burst in 2000 and sent the tech-heavy index hurtling.
Pyramid Saimira director?s plea turned down by Sebi
Sebi has turned down five consent applications, including that of Pyramid Saimira?s former director G Ramakrishnan, seeking settlement of proceedings regarding alleged violations of regulator?s norms.
