Mumbai: The Securities and Exchange Board of India (Sebi) has sought an explanation from National Stock Exchange of India Ltd (NSE) on a report by a Sebi constituted expert panel which had recommended action against the bourse for violating norms of fair access, said two people familiar with the developments.

The Sebi technical advisory committee (TAC) in March had submitted its findings to Sebi that some traders on the exchange had unfair access to market data and trading systems.

The benchmark BSE Sensex and NSE Nifty plunged 159.21 points and 44.25 points on Monday on account of selling pressure in energy, metal, oil and gas sectors amid lower Asian cues. Sensex closed 0.62 per cent down at 25,678.93, while Nifty 50 index settled 0.56 per cent down at 7,855.05. Investors remained cautious ahead of the central bank meetings in the US and Japan this week for future policy moves. Depreciation in Indian rupee too dampened sentiments.

The BSE Sensex and NSE Nifty ended the choppy trade on a flat note on Friday with marginal losses on account of weak cues from global markets. Sensex closed 42.24 points down at 25,838.14, while Nifty settled 12.75 points down at 7,899.30.

In the 50-share index, State Bank of India (SBI), Maruti Suzuki, Bank of Baroda, NTPC and Axis Bank gained between 1.45 per cent and 3.05 per cent. On the other hand, HUL, Asian Paints, HDFC, Sun Pharma and Kotak Mahindra Bank slid between 1.20 per cent and 2.28 per cent.

Maruti Suzuki India has moved higher by 3.5% to Rs 3,833 on the BSE in otherwise range bound market tracking the weakness in the Japanese yen.

A weaker yen would improve Maruti's margins by reducing the costs of importing auto parts from Japan.

Market benchmark Sensex recaptured the crucial 26,000-mark by climbing over 219 points in early trade today as investors engaged in widening their bets amid firm global cues.

The 30-share barometer advanced by 219.02 points or 0.85 per cent to 26,063.20. The gauge gained 1,170.34 points in the previous five sessions.

Continuing its climb for the fifth straight session, the benchmark Sensex surged over 137 points in early trade on Wednesday as investors built more bets amid increased foreign fund inflows.

The 30-share barometer rose 137.47 points, or 0.53%, to 25,953.83. The gauge had gained 1,142.52 points in the previous four sessions on positive macroeconomic data, forecast of an above-normal monsoon and Infosys' upbeat revenue guidance.

Infosys, UltraTech Cement, Petronet LNG, Finolex Industries and TVS Motor Company are among 12 stocks from the Nifty500 index hit their respective lifetime high price on the National Stock Exchange (NSE) in intra-day today.

Atul, Bajaj Finance, Can Fin Homes, Kajaria Ceramics, Kansai Nerolac, Manpasand Beverages and Minda Corp are others from the index touching lifetime highs.

Infosys has rallied 8% to Rs 1,268, also its record high on the BSE in early morning trade after India’s second-largest information technology (IT) services firm forecast strong revenue growth of 11.5%-13.5% in consent currency (CC) in the current fiscal.

In dollar terms, the company expects revenue to grow between 11.8% and 13.8% for the fiscal year ending March 31, 2017, Infosys said in a statement.

The market on Wednesday opened on strong note building hopes for a good monsoon. The Sensex rolled up 301.24 points or 1.2% at 25446.83, and the Nifty gained 82.80 points or one per cent at 7791.75.

At 1059 hours the Sensex was up 412.63 points or 1.64% at 25,558.22. While on NSE at 1101 hours was up 125.65 points or 1.63% at 7,834.60.

Domestic benchmark indices BSE Sensex and NSE Nifty plunged over 2 per cent this week despite a rate cut of 25 basis points by the Reserve Bank of India (RBI). For the week ended April 8, the 30-share index shed 595.80 points at 24,673.84, while the 50-share index lost 157.85 points at 7,555.20.

Among the 51 stocks in the Nifty pack, 34 components ended the week in red with Adani Ports falling 9.82 per cent. It was followed by Maruti Suzuki (down 7.69 per cent) and ICICI Bank (down 7.05 per cent).

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