Busting a major 'front running' case in the stock market, Sebi on Friday ordered impounding of unlawful gains worth nearly Rs 15 crore (Rs 150 million) from brokerage firm Sharekhan and 15 other entities.
Banks led the decline with Nifty Bank and BSE Bank index dropping over 3% each.
Markets recorded their biggest single-day fall since August 1 amid growth concerns in the euro zone.
Existing units stay operational; those approved may not be notified, land could be used for other purposes
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Since April 1, promoters of Jaiprakash Associates have released more than 225 million Jaiprakash Power Ventures shares (valued at Rs 425 crore) pledged with lenders.
Sensex firm on favourable GDP numbers for FY16.
Weak GDP data and unfaouvrable global data has pulled down Sensex, Nifty.
Nifty snaps 10-day winning streak
Sensex witnessed the biggest single day gain since May 2009 in absolute terms.
DLF has long been embroiled in a controversy over a deal that brought windfall profits to Robert Vadra, son-in-law of United Progressive Alliance Chairperson Sonia Gandhi.
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