The regulator's order came in the case related to Kamalakshi Finance Corporation (KFCL) wherein various entities were prima-facie found to have artificially inflated the company's share prices to make illegal gains.
The net outflow by foreign portfolio investors (FPIs) follows withdrawal of Rs 12,770 crore from equities in August. Prior to that, they had pumped in over Rs 62,000 crore in the past six months.
International gold prices are denominated in US dollar and hence share an inverse relation with US dollar i.e. its prices move up when the dollar weakens and vice-versa.
On this special show, CNBC-TV18's Manisha Gupta speaks to a panel of experts about options in the commodities market.
Sentiment was in tatters after heavy losses in Asia, set off by China sovereign rating downgrade on fears over its ballooning debt and a lower opening in Europe. Shares have lost their momentum after hitting record highs recently as valuations turned expensive, with most sectoral indices ending in the red.
The rupee ended flat at 64.80 against the US dollar after hitting an intraday low of 65.16. The RBI’s intervention and selling dollars by exporters & banks helped the rupee recover in afternoon.
This has taken the total number of firms to 11 against which the Securities and Exchange Board of India (Sebi) has ordered an audit.
The fine was levied on Vinay Agrawal, who was regional head of business banking in ING from August 2011 till June 20, 2012. Later, he held the position of zonal head of cluster business banking till October 10, 2013.
The move comes after Securities and Exchange Board of India (Sebi) earlier this month revoked ban on more than 500 entities in four separate cases.
We should see consolidation in the spot USD-INR today and I expect a range of 64.60-64.90 to hold for the day, says Bhaskar Panda of HDFC Bank.
The auction will be conducted on NSE's e-bid platform from 1530 hours to 1730 hours after the close of market hours, the exchange said in a circular.
Speaking about RHFL's listing, Anmol Ambani, executive director of Reliance Capital said, "The listing results in Reliance Capital Shareholders directly owning stake in RHFL, with over 9 lakh shareholders, the largest shareholder base in a housing finance company."
The rupee resumed lower at 64.95 per dollar as against yesterday's closing level of 64.81 per dollar at the Interbank Foreign Exchange (Forex) Market. Later, it fell sharply on heavy dollar demand to 65.16 before paring losses to quote 65.04 at 10.20 hrs.
The new guidelines for enforcement action passed by SEBI in its recent board meeting state that ‘ill-gotten gains’ cannot be settled in an administrative order
The Sensex closed down 447.60 points at 31922.44, while the Nifty ended lower by 157.50 points at 9964.40.
Watch Manisha Gupta of CNBC-TV18 giving a wrap on commodities market.
The Organisation of the Petroleum Exporting Countries (OPEC) and other producers are set to meet in Vienna at 0800 GMT on Friday to discuss a possible extension of an oil supply cut deal to prop up prices.
Spot gold was up 0.2 percent at $1,293.70 an ounce at 0042 GMT, after marking its lowest since Aug. 25 at $1287.61 in the previous session.
A look at top cues from the domestic and international markets that could have a bearing on D-Street today.
Among others, the incentives given by the bourses during a financial year should not exceed 25 per cent of the net profits or the free reserves of the stock exchange concerned.
As per norms, at least 25 per cent of the post-scheme paid up share capital of the transferee entity should have been allotted to the public shareholders in the transferor entity.
The rupee fell sharply in trade today after the US Federal Reserve announced a plan to begin winding down its USD 4.5 trillion balance sheet in October and hinted at another interest rate hike by December.
Watch the interview of T Gnanasekar Director CommTrendz Research with Manisha Gupta on CNBC-TV18. He spoke about the current trend in commodities markets.
Watch the interview of Peter McGuire, CEO at XM AUS with CNBC-TV18's Manisha Gupta, where he spoke about various commodities.
Earlier this month, Sebi had revoked ban on 421 entities in three separate cases. These are Pine Animation case, First Financial as well as in the matter of dealing in shares of Eco Friendly Food Processing Park, Esteem Bio Organic Food Processing, Channel Nine Entertainment and HPC Biosciences.