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Foreign investor selling has been a key hurdle for the market for many months now. The selling that began in October last year and continues unabated till now. In May, too, the heavy selling in equity continued, particularly in financials and IT.

The regulator had passed an interim order in the matter in June 2021. It had conducted an investigation to check whether there had been front running in the trades of various funds of Fidelity Group during the period from February 1, 2019, to November 30, 2019.

Colgate Palmolive ended down 1.66 per cent, while Procter & Gamble Hygiene & Health Care were down over 2 per cent.

Among other requirements, recorded transcripts of the meetings held through VC or OAVM should be maintained in the safe custody of the investment managers of InvIT or managers of the REIT.

The Dow Jones Industrial Average fell 261.96 points, or 0.79%, at the open to 32,986.32.

Sebi has barred Santosh Brijraj Singh and Adil Gulam Suthar from the market for five years while Virendra Pratap Singh, Neha Virendra Singh, Gulammohammed Gulamabbas Shaikh and Mohammedidrish A Shaikh have been restrained for two years.

Amol Athawale of Kotak Securities said while short-term texture of the market is still on the bullish side, on weekly charts the Nifty has formed a Hammer candlestick formation, which is indicating further weakness from the current levels.

NSDL data showed that so far in the current calendar year, foreign portfolio investors have net sold Rs 13,177 crore worth of Indian debt. This outstrips the Rs 10,359 crore worth of net sales in the whole of 2021.

"Non-compliance of the circular shall attract suitable disciplinary action...which may include deviation from the trading terminals," NSE said.

The time period of three months will be applicable only for the cases where the IGRC recommendation is being challenged.