Earlier in February, the market regulator had floated a consultation paper to review the norms governing stock exchanges, clearing corporations and depositories in view of changing market dynamics
The rupee appreciating further to 64.68 against the dollar (intra-day) at the forex market too fuelled the rally.
India's trade deficit narrowed to $8.98 billion in September, from $11.64 billion in August, as merchandise exports grew about 26 per cent from a year ago.
The 30-share Sensex soared 254.63 points, or 0.78 per cent to scale a new high of 32,687.32, breaking its previous intra-day record of 32,686.48 hit on August 2.
Stock markets opening with gains bolstered the rupee sentiment, a currency trader said.
Although Samvat 2073 began with a demonetisation shock, the benchmark Sensex sparkled with 16 per cent gain during the year — nearly double the gain it registered in Samvat 2072. In this period, the Nifty50 rallied nearly 18 per cent. With the fifty-stock index soaring to record highs yet again on Friday, the valuation of […]
Better IIP figures, IT result support the surge in indices
Under the GST rules, refund is to be credited in the bank account mentioned in the registration particulars. Besides, exporters have been declaring details of bank account to customs authorities for the purpose of drawback etc.
Reliance Industries shot up by 1.15 per cent to Rs 882.50 as participants raised their bets ahead of earnings, to be released later in the day.
The rupee appreciated by another 6 paise to end at a fresh 1-week high of 65.08 on continued selling of the dollar.
In the Sensex kitty, Sun Pharma topped the gainers list by climbing 2.42 per cent to Rs 538.50. The rupee traded a shade lower at 65.15 against the dollar due to mild demand for the greenback from importers and banks despite the latter's weakness overseas.
Positive leads from other Asian bourses and investors tracking another record on Wall Street supported the upmove, traders said.
Sectoral indices such as capital goods, metal, IT and healthcare moved in the positive zone, rising by up to 0.83 per cent. The gauge had gained 254.86 points in the previous two sessions.
The benchmark BSE Sensex on Tuesday rose further by 110.72 points, or 0.34 per cent, to 31,957.61
The company has set a price band of Rs 1,645-1,650 per share for its IPO and when calculated at the upper band of the issue price the company will be valued at Rs 5,000 crore.
The NSE index Nifty too edged higher by 10.10 points, or 0.10 per cent, to 9,989.80. Besides, domestic institutional investors pumped in funds unabated.
On Friday, the rupee had depreciated by 24 paise to end at 65.38 on persistent demand for the American currency from importers.
The pact is meant for SAIL's IISCO Steel Plant (ISP) at Burnpur in West Bengal. This is an outcome of an earlier pact on technical collaboration which the PSU had forged in November last year.
The 30-share index rebounded by 130.10 points, or 0.41 per cent, to 31,722.13. The gauge had lost 79.68 points in the previous session after investors shaved off profit.
Asian stocks have been the biggest gainers globally this year and that momentum is expected to continue though the rally is highly dependent on economic growth, the performance of U.S. stocks, as well as the pace of the Federal Reserve's policy tightening.
The 30-share index was up 77.58 points, or 0.24 per cent, at 31,749.29. The drivers were realty, healthcare, auto, metal and capital goods indices.
Issue to open on October 11 and close on October 13; no anchor allotment.
Domestic institutional investors (DIIs) carried on with buying, which saw the 30-share BSE barometer settle at 31,497.38, up 213.66 points, or 0.68 per cent. It had advanced 123.91 points in the previous two sessions.
Reacting to the news, the stock of RCom today opened on a weak note at Rs 18.70, lost further ground and fell to an early-day low of Rs 17.45, down 9.11 per cent over its previous closing price.
Forex dealers said the greenback hit a one and a half month high overseas after US manufacturing activity in September rose to its highest level in 13 years, bolstering expectations of an interest rate hike.
The 30-share index, which had rallied 122.67 points in the previous sessions, was higher by 170.29 points, or 0.54 per cent, at 31,452.77.
On Wednesday, the rupee had recovered from over six-month lows to end 22 paise higher at 65.50 despite a buoyant dollar overseas.
Experts say the market saw sell-off on account of weak global cues due to geopolitical tensions surrounding North Korea, recent revision of China’s sovereign rating and is expected to bounce back as fundamentals are strong.
Sensex at the present levels of 31,282.48 trades at a price-earnings multiple of over 17.9 times one-year estimated forward earnings.
According to an RBI statement, the exchange rates for the pound and the yen against the rupee were 87.9808 and 58.18 per 100 yens, respectively.
Against the backdrop of instances of systems in different parts of the world coming under cyber attacks, the Sebi chairman also emphasised the need for having "sophisticated cyber-security and cyber-resilience measures".
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.
Sensex loses 1,211 pts in 4 trading sessions amid fears of a slowing economy.
Extending its falling streak for the seventh straight session -- the longest losing streak since December 22 -- the 30-share index fell by 439.95 points, or 1.39 per cent, to settle at 31,159.81.
The rupee wiped off early gains against the dollar on Wednesday, slipping 6 paise to 65.51, following fresh spell of month-end dollar demand from importers and banks and a higher greenback overseas.
On Tuesday, the rupee plunged 35 paise to hit a fresh six-month low of 65.45 against the dollar due to heavy demand for the US currency from importers amid foreign funds exit.