Indian equity indices closed lower for the second consecutive session due to negative cues from global markets and higher-than-expected interest rate hikes in Britain. Adani Group and Eros International Media were the top losers. Hawkish central bank policies have soured risk appetite and resulted in the decrease of market capitalization by Rs 2.78 lakh crore to Rs 289.47 lakh crore.
SEBI barred the media and entertainment firm, its promoters, MD Sunil Arjan Lulla and CEO Pradeep Kumar Dwivedi from the securities markets in a case pertaining to the possible diversion of funds.
The SEBI, which appointed a forensic auditor to examine the books, also said the company seems to have overstated its financial records by including revenue receivable from potentially fraudulent entities
Asian stocks headed for their worst week in three months on Friday as a string of hotter-than-expected inflation prints and hawkish central bank surprises made investors nervous about the economic toll of taming runaway prices.
Based on the OI percentage, 94 stocks including Oracle Financial, JK Cement, Rain Industries, Exide Industries and Punjab National Bank saw a long unwinding.
Sebi has also barred Vice Chairman and Managing Director Sunil Arjan Lulla from holding any directorial position in any listed company, including Eros International.
Shares of Eros International Media rallied more than 19 per cent to Rs 30.20 on Wednesday, before giving up their gains partially to trade at Rs 28.29 at 12.15 pm.
The budget day saw a highly volatile market, with the NSE witnessing a fall, while BSE closing at a gain. Even today, this momentum is expected to continue , , thursday, stock market update, share market today, stock market today, stock prices today, share prices today, bombay stock exchange, bse nse, bse sensex, national stock exchange, nse nifty, latest updates, morning update
In the Nifty 50 pack, Coal India, NTPC, Tata Steel, UPL and Powergrid were the top gainers, while HDFC Bank, HDFC, HDFC Life, Tech Mahindra and HCL Tech were the losers.