Change within 15 days from Karvy, Pratik as DPs

Mumbai, Apr 28: Client should switch over from Karvy and Pratik as Depository Participants (DP) within 15 days, said the latest circular issued by Securities and Exchange Board of India (SEBI).

Yesterday, SEBI banned 24 operators including Karvy Stock Broking and India Bulls from stock market operations and 12 DPs from opening fresh demat accounts.

The Bombay Stock Exchange (BSE) dipped sharply by 491 points to 11,344 points just after opening at 11,698 as compared to the last close of 11,835 points.

UNI