Sebi order spooks Street; Sensex drops 260 points

Stock markets

European stocks were trading lower in their afternoon trade as miners came under pressure.

"Concerns about valuations also weighed on markets".

The 50-share Nifty opened higher 10,068.35 and moved in a range of 10,083.80 and 9,947.00 before finishing at 9,978.55 a fall of 78.85 points, or 0.78 per cent, from its last close. The pessimism gathered on the escalating tension between US and North Korea after North Korea said it is considering plans for a missile strike on the US Pacific territory of Guam.

"Markets ended sharply lower on Tuesday as selling intensified".

Yesterday, the benchmark indices fell following a surprise regulatory directive by Securities and Exchange Board of India (SEBI), coupled with broadly negative global cues. The regulator is likely to allow trading in about 12 companies once they explain their position and the trading may resume in a week.




Nifty Bank index was trading 0.5 per cent lower, after falling almost a per cent in the last two sessions. More than three shares declined for every share rising on the BSE. While none of the companies mentioned in the circular belongs to large-cap category, experts said the latest order from the capital market regulator impacted the overall sentiment as it has raised concerns regarding the misuse of stock exchange platform for dubious objective.

The fundamentals of the Indian economy are continuously improving, which gives greater confidence in the medium to long term potential of Indian equities, he believes.

Polaris Consulting & Services lost 4.4 percent after the company reported a near 24 percent decline in its net profit in June quarter.

Other pharma stocks that ended with significant losses included Cadila Healthcare, NATCO Pharma, Granules India and Aurobindo Pharma.

Major losers were Sun Pharma, ICICI Bank, Dr Reddy's, Axis Bank, ITC Ltd, Hindustan Unilever, Cipla, HDFC Bank, Bharti Airtel, Lupin and L&T, falling up to 2.73 per cent.

Related news:

Hot News

isis-killer-beheading-video-story-top Justice Department Reverses Stance on Ohio Voter-Purge Process
Aug 10, 2017 - 00:13
This brief, unlike the prior one, was not signed by career attorneys in the civil rights division. The Justice Department under President Barack Obama said Ohio's method was prohibited.

isis-killer-beheading-video-story-top The new legendary skins you need to see
Aug 10, 2017 - 00:12
Get your buds, grab a Lucioball , and head to your room to play some Overwatch just as summer is coming to a close. Some of these goodies are news, while some are returning from last year's Summer Games , in case you missed them.

isis-killer-beheading-video-story-top Trump rejects call to declare opioid epidemic a national emergency
Aug 10, 2017 - 00:11
The overdose death toll in 2016 is believed to have topped 59 ,000, more than peak deaths from auto crash deaths, HIV or firearms. President Donald Trump waves as he departs the White House Friday en route to his New Jersey country club for vacation.

isis-killer-beheading-video-story-top Gas Prices Level Off in Kentucky
Aug 09, 2017 - 00:13
In Springfield, the average price for a gallon of gas is $2.21, with prices staying stable. York - $2.48/g, up 3.4 cents per gallon from last week's $2.44/g.

isis-killer-beheading-video-story-top Meteor Shower - Broadway | Tickets, Reviews, Info and More
Aug 09, 2017 - 00:12
Meteor Shower is set to begin previews on November 1 at the Booth Theatre and will have its opening night on November 29. Martin specifically sought Schumer out for the play, and offered her the gig after tracking her down at a house party.

isis-killer-beheading-video-story-top U.S. and Russian Federation chief diplomats show 'readiness' to talk despite escalating tensions
Aug 09, 2017 - 00:09
Despite the striking back initiatives, Russian Federation keeps the positive tone in the relations with the United States . Secretary of State, Rex Tillerson , on Sunday evening during the summit.

isis-killer-beheading-video-story-top Mass. General ranked fourth best hospital in the nation
Aug 09, 2017 - 00:08
News gave United Kingdom "high-performing" marks in gastroenterology , nephrology , orthopedics , pulmonology and urology . Two Northeast Ohio hospital systems have been recognized as two of the best hospitals in the nation according to a U.S.

isis-killer-beheading-video-story-top Same-sex marriage bill fails to protect religious freedom, warns Australian archbishop
Aug 09, 2017 - 00:05
A politician has explained how the heroism of a gay man who died in a terror attack inspired him to support equal marriage. Lawmakers have introduced more than 20 bills to amend the country's Marriage Act to allow gays and lesbians to marry.

isis-killer-beheading-video-story-top Trump Slams Blumenthal as 'Phony Vietnam Con Artist'
Aug 08, 2017 - 00:17
He told stories about his Vietnam battles and.... "He cried like a baby and begged for forgiveness like a child", Trump continued. Richard Blumenthal (D-Conn.), calling him " a phony Vietnam con artist " on Twitter after the senator appeared on television.

isis-killer-beheading-video-story-top Girls Aloud's Sarah Harding opens up about her 'feud' with Cheryl
Aug 08, 2017 - 00:16
You should be buzzing but you feel like you can't because you've got to look after that...", gesturing towards Sarah. I've managed to watch a couple of episodes and it's actually really freaky seeing someone you know so well in there.

isis-killer-beheading-video-story-top Venezuela forces searching for 'mercenaries' after attack — Maduro
Aug 08, 2017 - 00:14
The president of Venezuela has called for anti-government fighters who attacked an army base to receive the "maximum penalty". The intruders managed to reach the base's weapons depot before an alarm sounded, alerting troops to the incursion.

On Vacation, Donald Trump Thunders Against Fake News
Aug 08, 2017 - 00:12
And approximately 9,000 people came out to see the president at a rally in Huntington, West Virginia, last week. The president was residing at his own Trump Organization golf course in Bedminster, New Jersey.

isis-killer-beheading-video-story-top Chicago To Sue DOJ Over Sanctuary City Funding Threat
Aug 08, 2017 - 00:09
But Emanuel said the equipment it buys is "needed" and called the effort to pull those grants "the camel's nose under the tent". Following the Justice Department's move, California said it would also sue the federal government.

Darshan Lal: First Hindu in federal cabinet in 20 years
Aug 07, 2017 - 00:58
Pakistan's mix of political parties has often ensured that whoever wins Punjab, forms the central government. The Cabinet Division has issued notification about portfolios of Federal Ministers and Ministers of State.

isis-killer-beheading-video-story-top Microsoft announces Surface Plus finance programme
Aug 07, 2017 - 00:57
For more information about Microsoft's full suite of offerings and deals for students and teachers, check out this blog post . Business can finance over 18, 24, or 30 months and can upgrade devices after 12 months on the 18-month term.