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The regulator, through an order passed on February 11, levied a fine of Rs 2 crore on Narain in the matter of governance issues over the appointment of the chief strategic officer at the stock exchange in 2013.

In addition, the Securities and Exchange Board of India (Sebi) has barred the entities from the capital markets for up to one year.

Shares were acquired at an average price of Rs 1163 per share. Thus, the entire value of the deal was Rs 29.42 crore.

All in all, the defensive play in the markets was evident. In the coming session as well, we will continue to see pockets like PSE stocks, FMCG, Consumption, IT, and Pharma doing relatively well than the rest of the population.

In the event of non-payment Sebi said it will recover the money by either attaching and selling moveable and immovable properties, attaching bank accounts and even arrest him. The fines were imposed on him in the co-location case. This is the same case in which Chitra Ramkrishna has been implicated and now under investigation by various federal agencies.

HCL Tech said its revenue for the quarter grew at 15.1 per cent year on year while adjusted net profit growth was at 23.9 per cent. Comparison with TCS and Infosys puts these numbers somewhere in the middle. Its bottomline growth was best in class but revenue growth was on the lower side.

The Dow Jones Industrial Average rose 98.0 points, or 0.28%, at the open to 35258.8.

News reports said the agency launched its investigation early in the morning. The agency has been investigating whether or not foreign exchange laws were violated in operating bank accounts in Singapore, based on a tip-off by the Singapore Financial Intelligence Unit.

Speaking at Times Network India Economic Conclave, the chief investment officer of HDFC Mutual Fund said the bulk of retail participation recently has been through the futures and options segment.

ET Now poll of analysts had projected net profits at Rs 3,350 crore. The profit jump is due to much higher tax expenses in the base quarter. The adjusted growth in profit is 23.9 per cent year on year (YoY), the company said.