SEBI has directed the National Securities Depository Ltd to initiate a central record-keeping agency (CRA) under the novel pension plan for employees working in governmental institutions.
The recent plan will permit pension regulator, the Pension fund Regulating and Development Authority, to commence funds management by public sector fund managers under the new pension scheme.
Grasim Industries has touched the level of Rs 2,837.70, up Rs 110.75, or 4.06%. The scrip opened strong and was up by 3 % with in first few minutes of trade. The highest level during the early trading hours was Rs 2,839.50. The intraday low of the stock was Rs 2,750.
Dhiruman Mehta, Head Institutional Sales, LKP Shares, said that yesterday the market opened up in a positive mood, and then it sliced down another time, but healed and ended the day in green.
In general, the stock market is looking feeble because of governmental reasons. Fertilizer and FMCG zones did well on the stock exchange today. Mr. Mehta anticipates markets to – open in a positive mood on Thursday (August 23) and reflect worldwide markets after mid session.