According to the order, Mallya is prohibited from buying, selling, or dealing in securities directly or indirectly, and from being associated with the securities market in any capacity. The former liquor baron is also barred from any association with listed or proposed-to-be-listed companies. As part of the ban, Mallya’s existing holdings of securities, including mutual fund units, will be frozen, the regulator stated.
F&O Talk| Nifty faces reversal signals and weaker breadth, key support at 24,500-24,400: Sudeep Shah of SBI Securities
The 50 component index Nifty 50 as well Sensex closed nearly 1.2% lower today. The former closed 293 points lower at 24,852 while the latter