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In its order, Sebi noted irregularities with respect to the backup of records and details of the Business Continuity Plan/Disaster Recovery policy, delay in sending acknowledgement letters to investors, irregularities with respect to system audit reports and cyber security audit framework and failure to validate KYC records.

Metal and small-cap stocks saw increased investment today, while telecom, realty, bank, and auto stocks experienced a sell-off.

The Nifty Realty index was trading 1.7 per cent down at 1098.75.

A total of 663,062 shares changed hands on the counter till time (IST).

A technical analyst, Nagaraj Shetti, believes that the Nifty index is likely to decline further in the near future. He points to the formation of a bearish reversal candle pattern, similar to a bearish evening star, on the daily chart. This pattern, combined with a gap-down opening, suggests that the short-term uptrend may be over.

Indian benchmark equity indices fell sharply on Monday, with the Sensex dropping nearly 1,300 points and the Nifty slipping near the 25,800 mark, amid mixed cues from regional markets.

The Nifty IT index closed 0.87 per cent down at 41946.1.

HSBC predicts that Varun Beverages will not only become the largest PepsiCo bottler ever, but also the most disruptive, as competition heats up in the Indian beverage market.

Stating that the near-term performance in the IT sector may disappoint the investors against their elevated expectations, domestic brokerage firm Motilal Oswal named HCL Technologies, LTIMindtree, Persistent Systems and Coforge as its top picks in the sector.