INSUBCONTINENT EXCLUSIVE:
May 1 Maharashtra Day holiday: Trading in the stock markets will resume on ThursdayIndian stock and foreign exchange markets remained closed
on Wednesday for the Maharashtra Day holiday
Trading will resume on Thursday, May 2
in Yes Bank, IndusInd Bank, Hero MotoCorp and Maruti Suzuki India
Securities and Exchange Board of India on Tuesday slapped a fine of Rs 625 crore on the National Stock Exchange in a case related to alleged
trading lapses in the bourse's co-location facility
The regulator also barred the NSE from the securities market for six months, a move likely to delay a public offer for the
exchange.According to analysts, Sebi's order on the National Stock Exchange is not likely to impact the markets.Don't think the barring of
NSE from the capital market will have any material impact on the markets With this, a hangover regarding the NSE IPO is gone," AK Prabhakar,
head of research at IDBI Capital, told TheIndianSubcontinent."There is a roadmap now In a way it's positive
It does not impact the trading sentiment at all," he added.Alleged lapses in high-frequency trading offered through the NSE co-location
facility came under the scanner of the watchdog after a complaint was filed in 2015.The bourse "shall disgorge an amount of Rs
624.89 crore along with interest calculated at the rate of 12 per cent per annum from April 1, 2014, onwards to the Investor Protection and
Education Fund (IPEF) created by Sebi", the Sebi order said.(With inputs from PTI)Get the latest election news, live updates and election
schedule for Lok Sabha Elections 2019 on TheIndianSubcontinent.com/elections
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Election results will be out on May 23.
