Foreign brokerage firm CLSA initiated coverage on the stock with a Sell rating and target price of Rs 1,095, citing hefty premium valuation.
BSE-Oil & Gas, PSU led gains on BSE.
The first phase of this online platform will be in place by March 2010
The Sensex ends up 16 points to end at 20,514.
Raymond Limited's real estate arm, Raymond Realty, plans to get listed during the second quarter of the next financial year (Q2FY26), according to Harmohan Sahni, chief executive officer (CEO), Raymond Realty. "We are expecting the order by June-July 2025 as far as the National Company Law Tribunal (NCLT) is concerned.
The 30-share Sensex of the Bombay Stock Exchange closed 86.55 points higher at 21,337.67 and the National Stock Exchange Nifty index closed at its highest closing levels in 2014, up 25.15 points at 6,338.95.
Reliance up 0.94%, Sun Pharma up 2.85, ICICI Bank up 0.76%, Bharti Airtel up 1.56% and Tata Steel up 2.2% were the top Sensex gainers today.
After pulling out $17 billion in calendar year 2022, foreign portfolio investors (FPIs) have pumped $7.3 billion back into equity markets so far this year. The turnaround in foreign flows has helped domestic markets exceed the all-time highs chalked up in December 2022 and bounced back more than 10 per cent from this year's lows. However, a big nugget of FPI inflows seen this year could be off the back of two factors: exchange-traded funds (ETFs) and block deals.
Positive Asian cues aided risk-on sentiments.
'If the criminal or civil charges are deemed unworthy or defective, Trump's new justice department and SEC can withdraw the criminal and civil cases.'
India's two prime bourses, the National Stock Exchange and the Bombay Stock Exchange, are likely to extend the trading time by two-and-a-half hours from next month and a formal notification to this effect is expected shortly.
Participants can provide anonymous feedback on market manipulation.
BSE's business was hurt as NSE blocked the flow of orders generated using its co-location facility to other exchanges, purportedly on security-related issues. The dispute between both the exchanges had reached Sebi and the finance ministry.
Capital markets are becoming more prominent in India's growth story, with an expanding share in capital formation and investment landscape on the back of technology, innovation and digitisation, according to the Economic Survey 2023-24 tabled in Parliament on Monday. Further, Indian markets are resilient to global geo-political and economic shocks, it added. "Despite heightened geo-political risks, rising interest rates and volatile commodity prices, Indian capital markets have been one of the best performing among emerging markets in FY24," the Economic Survey said.
The Securities and Exchange Board of India has asked the Bombay Stock Exchange and National Stock Exchange to provide data of scrips traded on April 10 to analyse the reasons for the crash of the information technology scrips on that day.\n\n\n\n
The Bombay Stock Exchange and Foreign Exchange market will remain closed today due to a terrorist attack in Mumbai.
All principal markets including the Bombay Stock Exchange, the National Stock Exchange, foreign exchange, money, oils & oilseeds, metals, copra and cotton remained closed on Wednesday on account of Eid-Ul-Fitr.
BSE-IT, capital goods, banks, real-estate led gains.
In dollar terms, the Nifty has gained 26.7 per cent in this year, while the Sensex has advanced 25 per cent during the same period.
Many companies, including Reliance Industries Ltd, have postponed their board meetings, scheduled for Wednesday, in view of the bandh called by Shiv Sena and the Bharatiya Janata Party to protest on Monday's blast in Mumbai.
The National Stock Exchange listed the Dow Jones Industrial and S&P 500 on its platform last week.
The merger of ZEE Entertainment and Sony has reached an advanced stage of completion, and the issues faced by promoters with Sebi should not become a problem for the company, debarred ZEEL MD Punit Goenka has said in a letter to employees, according to sources. Goenka, who along with his father Subhas Chandra, was denied any interim relief against a Sebi order that barred them from holding the position of director or key managerial post in any listed company, in the letter ZEE Entertainment Enterprises Ltd (ZEEL) staff asserted that the merger of Culver Max (earlier known as Sony Pictures Networks India) is at a very important juncture. With the Securities Appellate Tribunal (SAT) restricting him from holding a directorial or key managerial position in a listed company, Goenka told the employees that the ZEEL board has constituted an interim committee of senior executives to ensure smooth operations and day-to-day functioning.
The Bombay Stock Exchange's 30-share Sensex closed at 18,401 up 405 points. The National Stock Exchange's 50-share S&P CNX Nifty closed at 5,409 up 124 points.
Orders were executed at 9.15 am after initial order matching, while the markets will function as usual for other stocks.
Leading stock exchange NSE, which is facing allegations of governance lapses, has started the hunt for a new managing director and chief executive officer as the five-year tenure of incumbent chief Vikram Limaye is ending in July. The exchange has invited applications from candidates having IPO (initial public offering) experience for the role of the top post before March 25, according to a public notice issued on Friday. Limaye is eligible for another term. However, as per Sebi's rule, the incumbent needs to compete with other candidates to win the next term.
Exchange to launch mutual fund trading platform; BSE set to follow.
Asia's oldest bourse, Bombay Stock Exchange on Wednesday launched currency derivatives segment (BSE-CDX) that would enable participants to hedge their currency risks through trading in the US dollar-rupee future platform.
BSE Metal and IT indices plummeted by almost 2%
Despite changes in rules, the exchange is not in a hurry
The special trading session would be conducted to pay obeisance to Lakshmi, the Hindu goddess of wealth and prosperity.
Indiabulls Financial Services has fixed the price of a $45 million Global Depository issue which is expected to be listed on the Luxembourg Stock Exchange.
Hindustan Unilever on Tuesday reported 15.59 per cent jump in net profit at Rs 871.36 crore (Rs 8.71 billion) for the third quarter ended December 31, 2012, on account of robust sales across various business verticals.
The country's largest stock exchange in terms of volume has 'received an in-principle nod from Sebi for starting an exchange to trade foreign currency derivatives,' sources close to the development said. NSE officials, however, were not available for comment.
Without naming National Stock Exchange, MCX-SX also said that its rival was killing competition by offering free trading in currency derivatives, and thus making it difficult for it to get business and investors.
BSE Metal, IT and Consumer Durable indices surged by nearly 2% each. However, BSE FMCG index declined by nearly 1%.
Jet settled higher by 2.35 per cent at Rs 623.40 on the Bombay Stock Exchange.
NSE launched trading in individual stock futures in November 2001.
BSE-FMCG, consumer durables, pharmaceuticals led declines.
Benchmark share indices ended lower, amid a volatile trading session, weighed by weakness among Metal, Banks and Capital Goods shares. Weak performance of the global markets also dampened the sentiments among local investors.
