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"Existing IAs who fail to seek membership of BASL within the aforesaid timeline shall be liable for appropriate action including suspension or cancellation of certificate of registration of such IAs," Sebi said.

Shares of Tata Consultancy Services (TCS) jumped 2.30 per cent to close at Rs 3,786.55 on the BSE on Tuesday.

While the 24 per cent contraction in the June quarter of last year due to the national lockdown had a major role in the 20 per cent growth this time around, analysts were upbeat about the pickup in consumption and construction sectors during the June quarter.

The company has decided to allocate a total of 1,06,61,41 equity shares to 29 anchor investors at Rs 531 apiece, aggregating the transaction size to Rs 566.12 crore , according to a circular uploaded on BSE website.

The company reported a sales growth of 18.4 per cent with a net turnover of DKK (Danish Krone) 14.1 billion.

Indians have invested $1.53 billion in debt, equities and bank deposits through the LRS since the pandemic-induced lockdown in March 2020, the highest since 2004-05 when the window was introduced, data on outward remittances released by the central bank showed.

Infibeam Avenues and Parag Milk Food stole the show as both stocks gained more than 10 per cent, whereas AU Small Finance Bank settled with double digit cuts. Airtel and realty stocks continued to extend their gains.

Nifty now stays distinctly overbought and remains very much prune to consolidation at current levels. However, the way Nifty witnessed a very short-lived profit taking and then recovered, it is a clear sign of unending strength in the market.

Mazhar Mohammad of Chartviewindia.in said, the index is in blue sky territory, but there seems to be potential resistance around the 17,150 level.

Sebi had received multiple complaints pertaining to alleged malpractices with respect to the co-location facility being provided by the National Stock Exchange of India Ltd (NSE).