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Sensex falls; SEBI order on shell firms hurts sentiment

Reuters 

By Tanvi MehtaREUTERS - Indian shares fell on Tuesday, heading for a second straight session of losses, as an unexpected regulatory order imposing trading restrictions on 162 listed entities identified as shell companies raised concerns about a wider probe into others.Analysts attributed the move by the Securities and Exchange Board of India (SEBI) to a broad government crackdown on suspected illegal offshore transfers and tax evasion, although the regulator did not say what illegal activities the companies might have been engaged in. The restrictions include limiting trading in the ...

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First Published: Tue, August 08 2017. 13:39 IST
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