DLF, Indiabulls Real Estate, HDIL, YES Bank, Union Bank of India and Maruti Suzuki are down 4-12% on NSE.
Over the past one-and-half years, the number of stocks trading below their respective face value has increased 29 per cent after a sharp correction in stocks of small-cap companies.
Money laundering is punishable under the provisions of PMLA.
During the arguments on the bail pleas, ED had argued that the accused had committed the offence of money laundering punishable under provisions of PMLA.
Property sales have been sluggish and the sector has been facing headwinds. So, firms are in wait-and-watch mode.
According to market experts, GST Bill, movement of the rupee and uncertain global cues amid expected rate cut by the US Fed will dictate the movement of the markets.
Participants are keenly awaiting the rollovers to the next series ahead of the expiry of June F&O.
Bombay Stock Exchange Sensex closed 30 points lower at 21,140 levels.
Big Mumbai developers' inventory at Rs 53.4 crore.
Financials were among the top losers along with Sun Pharma and index heavyweight Reliance Industries
The Supreme Court on Wednesday directed AIIMS director to constitute a medical board to examine whether Dravida Munnetra Kazhagam chief M Karunanidhi's wife Dayalu Ammal is medically fit to depose as a witness before a Special CBI court in a 2G scam case.
Swan Telecom promoter Shahid Balwa, who along with former Telecom Minister A Raja and 17 others are facing a money laundering case arising out of the 2G scam, on Friday moved the Supreme Court seeking setting aside of a lower court order of framing charges against him.
The BSE Realty Index is on a downhill journey.
Top gainers from the Sensex pack are Infosys, Cipla, NTPC, ITC and Lupin
Participants are keenly waiting for the January IIP.
Sensex catapults 1,241 points and Nifty vaults 382 points in two sessions in a row.
As economic policy making moves from pragmatism to populism, the bulls begin to make way for cautious optimists.
Monsoon is expected to be normal in June.
Custodian banks are selling dollars for their foreign fund clients.
Banks led the decline with Nifty Bank and BSE Bank index dropping over 3% each.
Auto and realty shares were among the top Sensex gainers.
Nifty snaps 10-day winning streak
Weak GDP data and unfaouvrable global data has pulled down Sensex, Nifty.
The 30-share Sensex ended up 248 points at a record closing high of 27,346.
Former telecom minister A Raja, Dravida Munnetra Kazhagam MP Kanimozhi and 17 others were on Friday chargesheeted by the Enforcement Directorate in a special court in connection with a money-laundering case relating to the 2G spectrum allocation scam in which the party-run Kalaignar TV was allegedly paid Rs 200 crore by the promoters of Swan Telecom.
Investors booked profits at higher levels despite the growth oriented Budget.
Markets have witnessed a gap down opening mirroring losses in the global equities with US markets taking a hit on worries about the health of Chinese economy.
The sluggish legal system in India makes it extremely difficult for law-enforcing agencies in the ministry of finance to punish violations of foreign exchange laws. Unfortunately, it is not just FEMA. The Prevention of Money Laundering Act too has significant infirmities, say Paranjoy Guha Thakurta and Pranati Mehra.
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