SEBI Slaps Rs. 5 lakhs Fine To Edelweiss Financial Services Officer:
To begin with, on 16th July, the market regulator SEBI slaps Rs. 5 lakhs fine to the Edelweiss Financial Services compliance officer B Renganathan. Because he was failed to close the trading window at the time of the existence of the Unpublished Price Sensitive Information.
SEBI, after receiving the test reports from National Stock Exchange, conducted an investigation into the transactions in the script of EFSL from January 2017 to April 2017.
Moreover, during the examination period, Reganathan B worked as compliance officer and company secretary of EFSL. Furthermore, he was admittedly begun intimating stock exchange on trading window closure only from January 2019.
Stock Market Update:
Stock Market July 17th: On Friday, both Sensex and Nifty seem to trade in a bullish trend in the stock market. The Sensex stood traded gain with 37,020.14 levels and Nifty stood traded gain with 10,901.70 levels. The Sensex raised 548.46 points with a 1.50% gain. Besides, Nifty has raised 161.75 points with a 1.51% gain.
On the other hand, the number of confirmed or coronavirus cases in India reached 10,40,457 as of July 18th, and deaths reached 26,285.
In the border market, the S&P BSE Midcap index reported a bullish trend in the stock market yesterday. It raised 206.77 points with a 1.55% gain and reached a 13,530.75 level. The S&P BSE Smallcap index raised 140.27 points with a 1.11% gain and reached a 12,782.53 level. However, the Nifty Bank raised 369.65 points with a 1.71% gain and reached a 21,966.80 level.