Sebi has decided to bar wilful defaulters, fugitive economic offenders as well as entities responsible for defaults that have "market wide impact" from settling proceedings.
In a major overhaul of the fee structure that mutual funds charge from investors, markets regulator Sebi Tuesday decided to cap the total expenses for investment in such funds to 2.25 per cent.
The Dow Jones Industrial Average .DJI rose 14.09 points, or 0.05 percent, at the open to 26,076.21. The S&P 500 .SPX opened higher by 1.94 points, or 0.07 percent, at 2,890.74.
Shareholders of Punjab National Bank (PNB) Tuesday cleared proposal for selling 10 crore equity shares to the employees of the bank and Rs 2,816 crore capital infusion by the government.
Japan's Nikkei .N225 also ended 1.4 percent higher and MSCI's 24-country emerging market index was up for the fourth day in the last five as 1 percent gains in Poland and a 0.7 percent rise in Russia added to Asia's rebound.
Shares of Tata Motors fell by 3.5 per cent on panic selling after its unit Jaguar Land Rover said it would cut production at a UK car plant.
Wholesale debt market segment of the National Stock Exchange witnessed a total turnover of Rs 712.80 crore in 23 trades.
Large listed companies will soon be required to raise at least 25 per cent of their long-term borrowings through corporate bonds, with Sebi board approving a revised regulatory framework Tuesday.
The total assets handled by portfolio managers surged by 12 per cent to Rs 14.8 lakh crore at the end of August, mainly on the back of increase in number of clients.