US stocks staged a stunning recovery off their lows on Monday, helped by a sharp turnaround in Apple's shares, but were still down about 2 per cent in afternoon trading.
Sebi today said that sale and purchase of shares under ESOP would not be considered as 'trading' except for disclosure requirements under the new insider trading regulations.
The FTSE 100, which marked its biggest weekly loss of the year on Friday, has now fallen for 10 sessions in a row, its longest continuous decline since 2003.