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This comes amid a falling rupee, which has triggered a slew of regulatory actions aimed at bringing back overseas inflows and cutting import-related dollar payments.

"Investors are cautioned and advised not to subscribe to any scheme/ product offered by any entities offering indicative/assured/guaranteed returns in the stock market as the same is prohibited by law," the exchange said in a statement.

The regulator has directed them to pay Rs 3.80 crore, which includes interest, recovery cost, charges and expenses within 15 days.In the event of non-payment, it will recover the amount by attaching and selling their moveable and immoveable properties.They will also face attachment of their bank accounts and arrest, Sebi said.

As on June-end this year, the Asset Under Management (AUM) of the company stood at Rs 32,961 crore, growth of 15 per cent over same period last year.Anand Rathi Wealth, which got listed on the Indian bourses in December, operates in the financial services industry with a focus on mutual fund distribution and sale of financial products.

The company had clocked a net loss of Rs 76.02 crore during the April-June period of 2021-22 financial year (FY), it said in a BSE filing.Its total expenses increased to Rs 1,568.92 crore, from 1,313.94 crore in the year-ago quarter.

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The shareholders have approved "equity capital raising plan of the bank during the financial year FY23 through issue of up to 100,00,00,000 equity shares of Rs 10 each by way of various capital raising options at an appropriate time and premium," the bank said.

"The 16,000-16,275 range is a tight consolidation range. The index is now approaching the lower end of the consolidation range i.e. 16,000 that needs to be monitored closely on a closing basis. A breach of 16,000 on a closing basis will drag the index into a short-term correction mode,"

“IT could face growth headwinds over the next year or so. Purely from a stock market perspective, rotation will happen into financials from IT, where probably financials and banks should lead the next round of recovery or rally in the markets as and when that rally begins. So probably, we are in the middle of one.”

The Nifty Realty index was trading 0.25 per cent down at 416.0.