“NSE has sought a confirmation of compliance from companies-probably to ensure whether companies have been maintaining information in a duly compliant manner. The current move seems to be in line with Sebi’s objective of curbing insider trading and to review the compliance status of databases maintained by listed entities,” said Moin Ladha, partner at the law firm Khaitan & Co.
Budget over, bulls back faster, higher, stronger
The NSE Nifty rose 428.75 points, or 1.76%, to close at a record of 24,834.85. The index hit a lifetime high of 24,861.15 during the