Mumbai: The Securities and Exchange Board of India (Sebi) has started a special audit of 15 brokers who allegedly got unfair access to the algorithmic trading systems at the National Stock Exchange of India (NSE) to determine the extent of unlawful gains they may have made, according to three people with direct knowledge of the development.

These brokers have been named in an earlier Sebi investigation and also a forensic audit done by Deloitte India for NSE. It comes at a time when NSE has launched disciplinary proceedings against one of the 15, OPG Securities Pvt. Ltd. Mint is refraining from naming the other 14 since disciplinary proceedings haven’t been launched against them yet.

The BSE Sensex recovered about 51 points and the NSE Nifty scaled the 8,900-mark in early trade today as investors took to buying ahead of GDP data scheduled to be released later in the day amid firm global cues.

The 30-share index was trading higher by 50.53 points, or 0.18 per cent, to 28,863.41 with the sectoral indices led by consumer durables, capital goods, healthcare, metal, auto and banking trading higher by up to 0.58 per cent.

The Sensex slumped over 80 points to 28,813 on Monday as the March derivatives series began on a subdued note, mirroring a weak trend in the Asian market.

Profit-booking at prevailing levels weighed.

Mumbai: National Stock Exchange of India (NSE) is redrafting its algorithmic trading policy following the findings of a forensic audit that the exchange’s systems were prone to manipulation, two people with direct knowledge of the matter said.

NSE has also hired consulting firm EY to audit the systems that facilitate algorithmic trading.

The Sensex rallied about 97 points to 28,858.30 in early session today, maintaining its uptrend for the fifth day on widespread gains amid covering-up of short positions ahead of the February month expiry in the derivatives segment tomorrow.

Brokers said that a mixed trend at other Asian markets too influenced sentiments here.

The benchmark BSE Sensex faltered in early trade, declining by over 40 points on profit booking by investors in recent gainers amid mixed Asian cues.

The 30-share barometer fell 40.24 points, or 0.14%, to 28,428.51 with metal, auto, FMCG and banking stocks trading in the red. The index had gained 313.19 points in the previous two sessions.

MUMBAI: The market benchmark BSE Sensex recovered over 109 points in early trade on Thursday on widespread gains amid a firming trend at other Asian bourses following another record closing of the US markets.

The 30-share barometer was quoting 109.11 points, or 0.38 per cent higher at 28,264.67. The gauge had lost 196.06 points in the previous two sessions.

MUMBAI: The BSE benchmark sensex nosedived almost 190 points in late morning deals following losses in auto, healthcare, realty, power and consumer durables stocks.

Disappointing third quarter earnings posted by Tata Motors and Sun Pharma yesterday mainly dampened trading sentiment.

Leading stock exchanges BSE and NSE will shift 47 companies to the restricted trading segment from Thursday as a safeguard for investors. BSE will shift scrips of 34 firms to the trade-to-trade or the ‘T’ or ‘XT’ group segment, while the National Stock Exchange has decided to move 13 stocks, the bourses said in separate notices. The stocks to be moved to the ‘T’ group on both the bourses include Andhra Cements, Cinevista, FCS Software Solutions, GI Engineering Solutions, Manaksia Aluminium Company, Paramount Communications, Tarapur Transformers and Orbit Corporation.

Mumbai: Market benchmark Sensex inched up by 17 points to close at 28,351.62 on Monday, while the NSE Nifty went past the 8,800 mark on fag-end buying in IT, metal and power stocks amid positive global cues. The 30-share Sensex resumed higher at 28,450.42 and advanced to 28,458.80 following initial buying by investors and sustained foreign fund inflows.

However, profit-booking took a toll, and the index slipped to touch a low of 28,197.38 before settling 17.37 points, or 0.06% higher at 28,351.62. The gauge has gained 44.33 points in the previous two sessions.

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