BSE, NSE to suspend trading in Coffee Day Enterprises, CG Power from Feb 3

Leading stock exchanges BSE and NSE will suspend trading in shares of cafe chain operator Coffee Day Enterprises and fraud-hit CG Power and Industrial Solutions from February 3 for not complying with listing norms pertaining to submission of quarterly financial results.

However, if companies comply with the provisions of listing norms on or before January 29, trading in its securities will not be suspended, BSE and NSE said in separate circulars.

The exchanges said these firms have not submitted the financial results for June 2019 and September 2019 quarter and/or not paid the fine amount levied for the non-compliance, as required under the listing norms of Securities and Exchange Board of India (Sebi).

Consequently, trading in securities of these companies will be suspended with effect from February 3, 2020 "on account of non-compliance with Regulation 33 of Sebi (Listing Obligations and Disclosure Requirements) Regulations, 2015 for two consecutive quarters -- June 2019 and September 2019."

US Fed decision, Q2 numbers to steer market this week: Analysts

The US Fed's decision on interest rate and corporate earnings announcement will be the major driving factors for the equity market in this holiday-shortened week, according to analysts.

The BSE and NSE are closed on Monday on the occasion of 'Diwali Balipratipada'.

"In a holiday-shortened week investors will focus on the next leg of corporate earnings. Auto companies will be in focus as the sector will report a picture of how festive demand has fared in October. The US Fed is expected to keep its interest rates steady when they meet (on Wednesday) based on the macro numbers.

"Further cues on Brexit and trade war will remain in focus," Vinod Nair, Head of Research, Geojit Financial Services said.

United Bank of India, IOC, Bank of India and Yes Bank are set to announce their second quarterly results this week.

PMI data for the manufacturing sector is scheduled on Friday which may also influence trading, analysts added.

Also, trend in the Indian rupee, crude oil and investment pattern by overseas investors would guide markets, they said.

BSE benchmark Sensex rose 192 points to end at 39,250 on Sunday in the special Muhurat trading session to mark the beginning of Hindu Samvat year 2076.