The increased penalty, which is aimed at enhancing the surveillance mechanism for the stock market trades and discouraging the brokers from trading without submitting the PAN details of their clients, would come into effect from November 1, 2012.
Ruias-controlled Essar group on Thursday said it will delist its two steel and oil arms from stock exchanges to gain more flexibility in running the companies.
The broader markets ended higher with mid-caps and small-caps gaining nearly 0.1% on the BSE.
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While the BSE is holding a special trading session to test its disaster recovery software, NSE conduct a special live trading session in capital market segment and future options and SLB segments.
Rules governing short-selling in various jurisdictions continue to generate controversy among regulators, lawmakers and market participants. While the US capital market regulator Securities and Exchange Commission has banned short-selling of financial shares after it was blamed for the collapse of Lehman Brothers, in India, the practice had come under the scanner as foreign institutional investors were lending stocks overseas to facilitate short-selling.
All principal markets including the Bombay Stock Exchange, the National Stock Exchange, foreign exchange, money, oils & oilseeds, metals, copra and cotton remained closed on Wednesday on account of Eid-Ul-Fitr.
The complaints are in the nature of non-receipt of money, non-receipt of equity shares in demat & physical form, non- receipt of debt securities, among others, BSE said in a statement on Wednesday.
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'Rather than abolishing stamp duty as STT is already levied on all transactions, the government has de-facto imposed a state STT in the guise of stamp duty'
On August 7, the Reserve Bank of India and the Securities and Exchange Board of India cleared the guidelines for currency futures trading. Exactly six days later, the National Stock Exchange got the market regulator's approval to start such trading and is scheduled to kick off currency futures this Friday.
The Securities and Exchange Board of India continued to be on high alert and has asked the stock exchanges to "remain extraordinarily watchful of any unusual movements" following the intense volatility in the capital market.
The US-based Depository Trust & Clearing Corporation is planning to pick up 5 per cent stake in the Bombay Stock Exchange.
Markets ended lower on Thursday following the expiry of July derivative contracts weighed down by profit taking in FMCG shares after recent gains.
BSE (formerly Bombay Stock Exchange) has seen its market share go past the critical 20 per cent mark in the derivatives segment, intensifying its battle with bigger rival - the National Stock Exchange (NSE) - which, less than a year ago, had a monopoly in this space. In April, the average daily trading volume (ADTV) for BSE stood at Rs 89 trillion, accounting for 20.6 per cent of the overall ADTV of Rs 432 trillion (based on notional volumes for options).
Co-location attracts institutional investors, which drives volumes for long-dated options, with higher realisations at lower costs.
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The Bombay Stock Exchange's 30-share Sensex closed at 19,504 up 117 points. The National Stock Exchange's 50-share S&P CNX Nifty closed up 26 points at 5,930.
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In US, automatic spending cuts were triggered on Friday as lawmakers failed to agree on a resolution to prevent them, while China's manufacturing growth cooled in February to a four-month low.
"Although extended market hours seems inevitable in the long run, current infrastructure and environment does not completely support the move."
The Nifty rose by 32.40 points to 6,135.85, after touching the day's high of 6,187.75.
Government is set to release CPI for the month of May and Index of Industrial Production IIP for the month of April today.
The Indian stock market, hit by global fears and a high inflation-interest rate regime, has been the second-worst performer in Asia this calendar year - a shade above Bangladesh.
The Securities and Exchange Board of India has permitted Stock Exchanges to determine the manner of adjustments in derivative contracts for corporate actions such as dividend and bonus payment.\n\n
Some unions have opposed EPFO investing in share markets.
BSE- mid-cap & small-cap outperformed benchmark indices
BSE-Oil & Gas, PSU led gains on BSE.
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Positive Asian cues aided risk-on sentiments.
The better-than-estimated quarterly profit came on the back of rise in earnings from turning crude oil into petrol, diesel and other petroleum products.
India's National Stock Exchange has emerged as the world's third fastest-growing bourse in terms of increase in listed companies, outpacing global names such as NYSE, Nasdaq and London Stock Exchange.
India's two prime bourses, the National Stock Exchange and the Bombay Stock Exchange, are likely to extend the trading time by two-and-a-half hours from next month and a formal notification to this effect is expected shortly.
BSE's business was hurt as NSE blocked the flow of orders generated using its co-location facility to other exchanges, purportedly on security-related issues. The dispute between both the exchanges had reached Sebi and the finance ministry.
