The 30-share BSE Sensex gained 172.4 points to 62,677.20 in early trade. The broader NSE Nifty rose 62.05 points to 18,624.80.
Indian share market on Thursday closed higher in a volatile session amid mixed global cues and investors adjusting their positions due to monthly F&O expiry.
Markets continued to witness a tumultuous ride as weak Asian cues came as a dampener although positive European markets helped temper the fall.
The accused, identified as Amit Anandilal Thanvi (42), a resident of Jodhpur in Rajasthan, used to work as an operator in share market in Jodhpur and got involved in this cheating and fraud.
State Bank of India, UltraTech Cement, Nestle, Wipro and Power Grid were among the major laggards.
Despite the RBI’s repo rate hike by 50 bps, which was on the higher side of the expectations, India’s equity market remained stable and managed to close in green on Friday.
In the Sensex pack, Mahindra & Mahindra, Reliance Industries, Dr Reddy's Laboratories, Tech Mahindra, Tata Steel and Larsen & Toubro were among the gainers.
Among the Sensex pack, Larsen & Toubro, HCL Technologies, Infosys, Tech Mahindra, IndusInd Bank, Asian Paints, Bharti Airtel and Tata Steel were the biggest gainers.
The markets recovered after selloffs, Sensex had slumped by 2,943.02 points or 5.41 per cent while the Nifty 50 of the National Stock Exchange crashed by 908.3 points or 5.6 per cent.
Kotak Bank was the top loser in the Sensex pack, skidding about 4 per cent, followed by Bajaj Finance, HDFC twins, Reliance Industries, Wipro, Infosys, Tech Mahindra, Tata Steel and TCS.
From the Sensex pack, Bharti Airtel, ITC, Reliance Industries, Asian Paints, IndusInd Bank, ICICI Bank and Kotak Mahindra Bank were the major laggards.
In tandem with weak equities, the market capitalisation of BSE-listed firms tumbled by Rs 2,08,291.75 crore to Rs 2,54,33,013.63 crore.
From the Sensex pack, Titan, Dr Reddy's, Larsen & Toubro, HUL, Asian Paints, Bajaj Finance, TCS and Nestle were the biggest laggards.
Wall Street futures were lower after the benchmark S&P 500 index rose 0.3 per cent on Monday and the market price of a 10-year Treasury bond fell.
From the Sensex pack, IndusInd Bank, Nestle, Kotak Mahindra Bank, Reliance Industries Limited, NTPC and HDFC were the prominent gainers in early trade.
After surging over 200 points in early trade, the 30-share BSE benchmark turned volatile and was trading 27.41 points or 0.05 per cent lower at 57,184.21 in early deals.
Meanwhile, retail inflation soared to a 17-month high of 6.95 per cent in March, and remained above the Reserve Bank's upper tolerance level.
From the 30-share pack, NTPC, Power Grid, Tata Steel, Mahindra & Mahindra, HDFC Bank and Kotak Mahindra Bank were among the lead gainers.
Among the 30-share pack, UltraTech Cement, Bajaj Finance, Bharti Airtel, Asian Paints, HDFC, IndusInd Bank, Bajaj Finserv and ICICI Bank were among the lead gainers in early trade.
Experts say that usually such range-bound moves end in a decisive move either side, but this time the bias is towards a downward move.