Indian stock market benchmarks, Sensex and Nifty 50, faced significant losses on January 3 due to profit booking and a strengthening US dollar. The Sensex dropped over 700 points, while the Nifty 50 fell 200 points amid selling pressure across several sectors.

Ketan Parekh was earlier banned by SEBI in 2003 for 14 years for insider trading and price rigging. Read more at straitstimes.com.

Market experts say India’s stock market is due for a pause, but the long-term outlook remains bright. Stocks to consider.

India's markets regulator on Thursday alleged that former stockbroker Ketan Parekh and 21 others made millions of dollars in illegal trade gains by using inside information from an unnamed overseas entity.

The market regulator also impounded Rs 65.77 crore gained wrongfully by Parekh, Rohit Salgaocar, a Singapore-based trader, and others through the scam.