Promoters and insiders can't buy shares till 30th June

Published On: Thursday, April 2, 2020 | By: Team KnowMyStock

Promoters and other insiders won’t be able to buy shares of companies between April 1 and up to June 30 — a window that’s wider than normal as they have been given extra time to report earnings because of the COVID-19 lockdown. Sebi has rejected promoters’ requests to exempt them from extending trading restrictions that apply at the time of results. The rationale for not extending the date for trading window closure is that there may be firms wherein the financial results may have reached a stage that, if not precise, may be indicative of the actual outcome. consequently, whether the same would be positive/negative, which may amount to UPSI (unpublished price sensitive information). This could lead to insider trading, as per Sebi official statement.

Closing Bell: Sensex gains 85 points, Nifty at 18755.90

Closing Bell:Sensex gains 418 points, Nifty at 18716.15

MARKET UPDATE: Sensex rose 135 points to 62761, and the NSE Nifty50 moved 40 points higher to 18,600

Closing Bell: Sensex down 223 points, Nifty at 18,563

MARKET UPDATE: Sensex surged over 100 points to trade around 62,962 levels, whereas Nifty50 climbed over 30 points to trade above 18,650 levels

MARKET UPDATE: Sensex gained over 50 points to trade around 63,228 levels, whereas Nifty50 traded marginally above 18,700 levels

MARKET UPDATE: Sensex surged over 150 points to trade around 62,988 levels, whereas Nifty50 gained over 50 points to trade above 18,650 levels

MARKET UPDATE: Sensex traded flat at 62,777 levels, whereas Nifty50 was flat above 18,600 levels

Closing Bell: Sensex up 240 points, Nifty at 18593.85

MARKET UPDATE: Sensex rallied over 300 points, whereas Nifty50 gained over 50 points to trade above 18,600 levels

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