Live market Update, Sensex at 29,007 Levels

The benchmark BSE Sensex down about 41.14 points at 29007.05, at 10.50 am Tuesday, while NSE Nifty is trading at 8,945 down 17.70 points. The BSE Mid Cap index rose 0.03% and BSE Small Cap down 0.10%. On the BSE, 1,055 shares rose and 1,007 shares declined and a total of 94 shares were unchanged.
Overseas, Asian stocks registered a mixed trend along with weak closing on the Wall Street overnight.  US stocks recorded modest losses on Monday, 6 March 2017, as the possibilities of tighter monetary policy from the Fed Reserve sunk in for investors.
The Commodity precious metal Gold futures tumbled under Rs 29,000 levels on MCX on Monday as poor global cues hurt sentiments. COMEX Gold down near 2½ Week low yet again on sound economic data and Federal rate hike concerns.
In domestic markets, Crude Oil prices were down 0.03% to Rs 3, 555 per barrel. The prices of Crude Oil tested a high of Rs 3,574 per barrel and a low of Rs 3, 530 per barrel.

Happy Republic day by Money Maker Research

SEBI to go digital on all payments

Securities & Exchange Board of India (SEBI) plans to give an option to all market intermediaries and companies to make their regulatory payments in digital wallet supporting the government on the post-demonetization cashless drive. The move would help in speedy and easy transactions together reducing failures due to payment gateway bottlenecks. SEBI would consider a proposal in this matter this week, sources said. The move comes following the demonetization of high-value notes by RBI in November. Many of the intermediaries such as brokers, Foreign Portfolio Investors, stock exchanges, custodians make payments to SEBI through online banking. In addition to this, SEBI has already introduced an option for e-payment through RTGS to enable ease of paying penalties, disgorgement amounts, settlements amounts, legal charges, recovery amounts etc. However, certain receipts like filing fees for IPOs, takeover fees, payment from mutual funds are still received through cheques and DDs. Further, option of online payment from market intermediaries is not available in the respective regulations.