Market regulator Sebi has come up with a guideline for entities claiming higher returns by using algorithmic trading. It has also directed stock exchanges to take necessary steps to curb this.
Japan's Nikkei dropped nearly 2 per cent, Hong Kong's Hang Seng declined 1.1 per cent and Taiwan Weighted fell 0.34 per cent.
The new tax rate will be effective from Monday, the Securities and Exchange Board of India (Sebi) said in a circular
Sebi has asked all recognised stock exchanges, including commodity derivatives exchanges as well as depositories to launch a grievance redressal system on lines of SCORES. Asks for redressal system to be implemented before...