Devendra Fadnavis also highlighted the role of BSE India for its support to the business community, and said BSE India could be a great tourist spot in Mumbai.
The volatile rupee dropped to six and half month lows on surging US dollar reacting to President Trump’s new Tax Plan overhaul and strong data.
A depreciating rupee, which slipped 16 paise to a fresh six and a half month low of 65.88 against the dollar today, made traders all the more nervous.
A source has confirmed to The Indian Express that details of the NDTV – Ajay Singh deal are being worked out.
The 50-share Nifty index reclaimed the 10,000-mark to hit high of 10,028.65 before ending up 71.25 points, or 0.72 per cent, at 10,006.05 — its highest closing since August 7.
Sebi, on August 7, had asked stock exchanges to restrict trading in shares of 331 “suspected shell companies”, some of which have investments by several well-known domestic and foreign investors.
The 50-share Nifty bounced 83.35 points, or 0.86 per cent, to 9,794.15 at the close. Stock exchanges will remain closed tomorrow for Independence Day.
While the market watchdog had agreed to permit options trading last year itself, some legal requirements were holding back the move. SEBI had stipulated necessary guidelines with regard to the product design and risk management framework to be adopted.
The 30-share Sensex rose by 154.19 points, or 0.48 per cent to close at new high of 32,382.46. The broader Nifty gained 56.10 points, or 0.56 per cent, to end at 10,020.65, closing above 10,000 mark for the first time.
BSE signed an MoU,through which they have created possibilities for a range of opportunities to be studied and explored for the development of their businesses, products and markets and to share knowledge and build on strategies.
The Sensex and Nifty, India’s benchmark indices, have risen by 20% since the beginning of the year — among the highest in the world.
“June was a month where markets did not see any fireworks. But rain god’s blessings, record low inflation, and so far GST seem to have brought the bulls back in July,” said Kunj Bansal, Executive Director & CIO Equity, Centrum Wealth Management Ltd.
The gauge settled at 31,209.79, down 11.83 points, or 0.04 per cent, in line with weak Asian shares. The gauge had gained 387.30 points in the previous three straight sessions making a strong bet on the Goods and Services Tax (GST)
The 30-share index, after soaring 337 points to touch a high of 31,258.33 at the outset, let go of some gains and traded at 31,069.20, up 147.59 points, or 0.48 per cent. FMCG, metal, consumer durables, realty and auto stocks went higher by up to 3.42 per cent.
The 30-share Sensex resumed lower before trading at 30,813.05 at 1125 hours, down 44.47 points, or 0.14 per cent. The NSE 50-share Nifty also fell by 18 points, or 0.19 per cent, at 9,486.10 at 1125 hours.