NSE lifts ban on 26 entities from trading in securities mkt

Entities were suspended as part of a probe into suspected market manipulations

Leading bourse National Stock Exchange (NSE) today said it has lifted the ban on 26 entities, including Gitanjali Gems promoter Mehul Choksi and firms linked to Prime Broking from trading in securities market.

NSE had suspended trading activities of 26 entities in July. The exchange had decided to suspend the 'Unique Client Codes' of these entities from trading for a period of six months, or till the conclusion of the probe, whichever is earlier.

They were suspended as part of a probe into suspected market manipulations.

"Pending final action on the outcome of the investigation... It is decided to re-enable the UCC of all the 26 clients ...For trading on NSE with effect from October 23, 2013," the NSE said in a circular today.

All the traders and brokers need individual UCCs to carry out trades either for themselves, or for their clients. The entities under probe are suspected to have been conducting trades through benami entities.

The entities which have been re-enabled from trading with effect from tomorrow include Mehul Choksi, Manoj Madhav Vankar, Prime Securities, Prime Research and Advisory, Pinky Agro Foods, Primesec Investments, Sancheti Properties, Sharddha Garmewnts, Trusha Infra, Vankars Gems & Jewelleries.