BSE closes points 195.33 down on Dec 23

New Delhi, Dec 23 (ANI): Trading at the Bombay Stock Exchange today closed 195.33 points down to stand at 27,506.46. At the National Stock Exchange the Nifty closed 57.00 points down to stand at 8,267.00. GUJRAT GAS and EDELWEISS were among the top gainers of Group A with an increase of 17.92% and 6.19% along with PAGE INDUSTRIES LTD. and DCB BANK with an increase of 6.13% and 6.13% respectively, while the top losers of Group A include SCI and RASOYA PROTEINS LTD. with a decrease of 4.89% and 4.65% along with JAIN IRRIGATION SYSTEMS LTD. and VOLTAS with a decrease of 4.49% and 4.32% at the close of the markets. The Auto sector is down 24.77 points at 18,585.69 while the banking sector is down 153.69 points at 21,301.93 and the reality sector is down 11.64 points at 1,502.73. The Indian currency is up 0.13% at Rs 63.37per dollar. Dec 23, 2014

Market Expert welcomes step as SEBI bars 260 entities for money laundering & tax evasion

New Delhi, Dec 20 (ANI): Market Expert Sunil Shah on Saturday welcomed the step as The Securities and Exchange Board of India (SEBI) banned 260 entities, including two companies, their promoters, brokers and a clutch of investors, from accessing the securities markets. The SEBI has accused them of misusing the stock exchanges to generate long-term capital gains of around Rs 485 crore, thus converting unaccounted cash into legitimate money. While SEBI would further probe these cases, it has also decided to refer the matter to the Income Tax Department, Enforcement Directorate, Financial Intelligence Unit, among other agencies, for necessary actions on their part. Shah said that this will make Indian market more transparent and trust worthy. Dec 20, 2014