Benchmark stock market indices BSE Sensex and NSE’s Nifty opened higher on Monday despite weak global cues.

At 9:30 am BSE Sensex was 230 points higher at 36,193.14 points while the NSE Nifty was 46 points higher at 10,851 points.&nbsp;

Stocks in Asia opened mixed, following two weeks of losses driven by a backdrop of uncertain trade conditions and signs that some key economies are slowing.&nbsp;

Meanwhile, Rupee strengthened marginally against the US dollar after India’s trade deficit narrowed from a month ago due to a sharp fall in gold imports.&nbsp;

At 9.15am, the rupee was trading at 71.84 a dollar, up 0.08% from its Friday’s close of 71.90. The currency opened at 71.85 a dollar.&nbsp;

The 10-year government bond yield stood at 7.438% from its previous close of 7.441%.

So far this year, the rupee has declined 11%, while foreign investors have sold $4.55 billion and $7.36 billion in the equity and debt markets, respectively.

(With inputs from agencies)

Benchmark stock market indices BSE Sensex and NSE’s Nifty opened higher on Monday despite weak global cues. At 9:30 am BSE Sensex was 230 points higher at 36,193.

Benchmark stock market indices BSE Sensex and NSE’s Nifty opened higher on Monday despite weak global cues. At 9:30 am BSE Sensex was 230 points higher at 36,193.14 points while the NSE Nifty was 46 points higher at 10,851 points. Stocks in Asia opened mixed, following two weeks of losses driven by a backdrop of uncertain trade conditions and signs that some key economies are slowing. Meanwhile, Rupee strengthened marginally against the US dollar after India’s trade deficit narrowed from a month ago due to a sharp fall in gold imports. At 9.15am, the rupee was trading at 71.84 a dollar, up 0.08% from its Friday’s close of 71.90. The currency opened at 71.85 a dollar. The 10-year government bond yield stood at 7.438% from its previous close of 7.441%. So far this year, the rupee has declined 11%, while foreign investors have sold $4.55 billion and $7.36 billion in the equity and debt markets, respectively. (With inputs from agencies)

Sensex up 200 points, Nifty holds 10,800-mark

Leading stock exchange BSE will launch trading in the commodity derivatives segment from October, and will focus on non-agri products to start with, a senior official said. Markets watchdog Securities and Exchange Board of India (Sebi) on 28 December last year had announced that from coming October, the country would have a unified exchange regime wherein stock exchanges would be allowed to offer trading in commodities derivatives.

“The BSE will begin commodity exchange from October 1,” its managing director and chief executive Ashish Chauhan today said, adding, “We will start with non-agriculture commodities like metals, energy and base metals. We have applied (to Sebi) for non-agri commodities.” Talking to reporters at the launch event of Kotak Securities’ ‘Free Intraday Trading’, an offering for self-directed investors for intra-day trades across cash, futures, and options segments, Chauhan said intra-day traders have played a crucial role in increasing trade volume.

“The first framework was automation, which took volumes by 20-100 times. Then came algorithm trading, then came derivatives – equities, commodities, currencies. Put together, internationally, volumes have increased somewhere between 5,000 and 20,000 times in the last 25 years, with most of them coming from intra-day traders,” he said.

Chauhan added that “robo advisory” will take off with softwares automatically deciding things, placing orders, etc. “It might take off as smaller brokers are not making good money from trading businesses, so they are trying to shift into other areas with more margins like mutual funds, brokering for properties, insurance,” he said.

Kotak Securities’ FIT, available at an annual subscription fee of Rs 999, is expected to double its customer base in 18 months, according to its managing director and chief executive officer Kamlesh Rao. It will also offer BSE StAR MF platform for retail investors to directly invest in mutual fund schemes.

Leading stock exchange BSE will launch trading in the commodity derivatives segment from October, and will focus on non-agri products to start with, a senior official said.

Leading stock exchange BSE will launch trading in the commodity derivatives segment from October, and will focus on non-agri products to start with, a senior official said. Markets watchdog Securities and Exchange Board of India (Sebi) on 28 December last year had announced that from coming October, the country would have a unified exchange regime wherein stock exchanges would be allowed to offer trading in commodities derivatives. “The BSE will begin commodity exchange from October 1,” its managing director and chief executive Ashish Chauhan today said, adding, “We will start with non-agriculture commodities like metals, energy and base metals. We have applied (to Sebi) for non-agri commodities.” Talking to reporters at the launch event of Kotak Securities’ ‘Free Intraday Trading’, an offering for self-directed investors for intra-day trades across cash, futures, and options segments, Chauhan said intra-day traders have played a crucial role in increasing trade volume. “The first framework was automation, which took volumes by 20-100 times. Then came algorithm trading, then came derivatives – equities, commodities, currencies. Put together, internationally, volumes have increased somewhere between 5,000 and 20,000 times in the last 25 years, with most of them coming from intra-day traders,” he said. Chauhan added that “robo advisory” will take off with softwares automatically deciding things, placing orders, etc. “It might take off as smaller brokers are not making good money from trading businesses, so they are trying to shift into other areas with more margins like mutual funds, brokering for properties, insurance,” he said. Kotak Securities’ FIT, available at an annual subscription fee of Rs 999, is expected to double its customer base in 18 months, according to its managing director and chief executive officer Kamlesh Rao. It will also offer BSE StAR MF platform for retail investors to directly invest in mutual fund schemes.

BSE to launch commodity derivatives trading from 1 October

Domestic equities staged a strong comeback with the BSE Sensex rebounding by nearly 400 points and the Nifty reclaiming the 10,250-mark on receding fears of a US-China trade war.

Investors were also awaiting RBI's monetary policy outcome, scheduled later in the day.

The 30-share Sensex spurted by 393.60 points, or 1.19 per cent, to 33,412.67 in opening trade. The gauge had lost 351.56 points in the previous session.

All the sectoral indices, led by metal, realty and auto stocks, were trading in the green with gains of up to 2.26 per cent.

The broad-based NSE Nifty went up by 129.05 points, or 1.27 per cent, to 10,257.45.

Major gainers that supported the recovery were Tata Motors, Tata Steel, M&M, Adani Ports, Yes Bank, Hero MotoCorp, IndusInd Bank, Axis Bank, SBI, Coal India, L&T, Dr Reddy's, Infosys and Sun Pharma, rising up to 2.68 per cent.

A firm trend in other Asian markets and overnight gains on Wall Street buoyed the trading sentiments.

Brokers said buying by retail investors and fresh foreign fund inflows amid a firm trend in global markets led the markets higher.

Elsewhere in Asia, Japan's Nikkei was up 1.63 per cent, while Hong Kong and Shanghai markets were shut today for a public holiday today.

The US Dow Jones Industrial Average ended 0.96 per cent higher in yesterday's trade.

All the sectoral indices, led by metal, realty and auto stocks, were trading in the green with gains of up to 2.26 per cent.

Domestic equities staged a strong comeback with the BSE Sensex rebounding by nearly 400 points and the Nifty reclaiming the 10,250-mark on receding fears of a US-China trade war. Investors were also awaiting RBI's monetary policy outcome, scheduled later in the day. The 30-share Sensex spurted by 393.60 points, or 1.19 per cent, to 33,412.67 in opening trade. The gauge had lost 351.56 points in the previous session. All the sectoral indices, led by metal, realty and auto stocks, were trading in the green with gains of up to 2.26 per cent. The broad-based NSE Nifty went up by 129.05 points, or 1.27 per cent, to 10,257.45. Major gainers that supported the recovery were Tata Motors, Tata Steel, M&M, Adani Ports, Yes Bank, Hero MotoCorp, IndusInd Bank, Axis Bank, SBI, Coal India, L&T, Dr Reddy's, Infosys and Sun Pharma, rising up to 2.68 per cent. A firm trend in other Asian markets and overnight gains on Wall Street buoyed the trading sentiments. Brokers said buying by retail investors and fresh foreign fund inflows amid a firm trend in global markets led the markets higher. Elsewhere in Asia, Japan's Nikkei was up 1.63 per cent, while Hong Kong and Shanghai markets were shut today for a public holiday today. The US Dow Jones Industrial Average ended 0.96 per cent higher in yesterday's trade.

Sensex surges over 390 points in early trade

In a heavy blow to the financial markets worldwide on Thursday, the US president Donald Trump increased the tariff up to 25 percent on the steel exports, which is expected to impact the South Korean manufacturers of steel.

While addressing a meeting with the business executives at the White House, he further intended to impose 10 percent tariff on the aluminium imports within the next week.This announcement impacted the stock markets as the equity indices recorded a steep flow.

At the close of trading in New York, the S&amp;P 500 had fallen 1.3 percent and the Dow Jones Industrial Average was off 1.7 percent.

This move of the Trump government has been opposed by the European Union and is further mooted to be in favour of the trade policies of US.Donald Trump is taken this step as part of national security investigation that allows him to invoke a loophole in the international trade rules enabling countries to impose trade restrictions during the war times.&nbsp;

At the close of trading in New York, the S&P 500 had fallen 1.3 percent and the Dow Jones Industrial Average was off 1.7 percent.

In a heavy blow to the financial markets worldwide on Thursday, the US president Donald Trump increased the tariff up to 25 percent on the steel exports, which is expected to impact the South Korean manufacturers of steel. While addressing a meeting with the business executives at the White House, he further intended to impose 10 percent tariff on the aluminium imports within the next week.This announcement impacted the stock markets as the equity indices recorded a steep flow. At the close of trading in New York, the S&P 500 had fallen 1.3 percent and the Dow Jones Industrial Average was off 1.7 percent. This move of the Trump government has been opposed by the European Union and is further mooted to be in favour of the trade policies of US.Donald Trump is taken this step as part of national security investigation that allows him to invoke a loophole in the international trade rules enabling countries to impose trade restrictions during the war times.

US: Stock Exchange tumbles after steel tariff announcement

India&#39;s three main stock exchanges said on Friday they would stop licensing their indexes and securities or providing data to foreign exchanges, saying such agreements had led trading to migrate outside of the country.

Foreign bourses currently offer dollar-based derivative contracts based on Indian indices, shares and other securities under licensing agreements with domestic exchanges, allowing overseas investors to gain exposure to Asia&#39;s third-largest economy without having to trade onshore.

These licensing agreements will now be terminated with immediate effect, subject to notice periods, the National Stock Exchange, BSE Ltd and Metropolitan Stock Exchange said in a joint statement late on Friday

The most popular of these contracts has long been the SGX Nifty 50 index futures offered by the Singapore Exchange under a licensing agreement with the National Stock Exchange, India&#39;s biggest bourse. It tracks the NSE&#39;s main index of its top 50 shares, the Nifty 50 index.

The actions would prevent SGX from offering the contract to overseas investors, who would be forced to buy into domestic derivatives to gain exposure to India, a country that has become an emerging market darling over recent years.

&quot;The volumes in derivative trading based on Indian securities including indices have reached large proportions in some of the foreign jurisdictions, resulting in migration of liquidity from India, which is not in the best interest of Indian markets,&quot; the statement said.

The latest move will not apply to exchange traded funds or similar products, the three stock exchanges said.

Although foreign investors have pumped into India more than $77 billion since 2012, exchanges have long felt they are missing out on more volumes as derivative contracts have tended to be more popular in Singapore, which is seen as offering lower tax and a more certain regulatory regime.

Whether these investors would now be willing to come to India is uncertain. The country earlier this month unveiled a new 10 per cent tax on capital gains in securities held for more than a year, dismaying foreign investors.

India already taxes equity investments held for less than a year at 15 per cent and has a securities transaction tax, which makes it more expensive than most other major Asian countries.

India's three main stock exchanges said on Friday they would stop licensing their indexes and securities or providing data to foreign exchanges, saying such agreements had led trading to migrate outside of the country

India's three main stock exchanges said on Friday they would stop licensing their indexes and securities or providing data to foreign exchanges, saying such agreements had led trading to migrate outside of the country. Foreign bourses currently offer dollar-based derivative contracts based on Indian indices, shares and other securities under licensing agreements with domestic exchanges, allowing overseas investors to gain exposure to Asia's third-largest economy without having to trade onshore. These licensing agreements will now be terminated with immediate effect, subject to notice periods, the National Stock Exchange, BSE Ltd and Metropolitan Stock Exchange said in a joint statement late on Friday The most popular of these contracts has long been the SGX Nifty 50 index futures offered by the Singapore Exchange under a licensing agreement with the National Stock Exchange, India's biggest bourse. It tracks the NSE's main index of its top 50 shares, the Nifty 50 index. The actions would prevent SGX from offering the contract to overseas investors, who would be forced to buy into domestic derivatives to gain exposure to India, a country that has become an emerging market darling over recent years. "The volumes in derivative trading based on Indian securities including indices have reached large proportions in some of the foreign jurisdictions, resulting in migration of liquidity from India, which is not in the best interest of Indian markets," the statement said. The latest move will not apply to exchange traded funds or similar products, the three stock exchanges said. Although foreign investors have pumped into India more than $77 billion since 2012, exchanges have long felt they are missing out on more volumes as derivative contracts have tended to be more popular in Singapore, which is seen as offering lower tax and a more certain regulatory regime. Whether these investors would now be willing to come to India is uncertain. The country earlier this month unveiled a new 10 per cent tax on capital gains in securities held for more than a year, dismaying foreign investors. India already taxes equity investments held for less than a year at 15 per cent and has a securities transaction tax, which makes it more expensive than most other major Asian countries.

Indian bourses to stop licensing index, stock prices to foreign exchanges

Benchmarks buckled under heavy selling pressure today as wary investors pocketed gains in recent winners ahead of the Union Budget amid lacklustre global leads.

The BSE Sensex sank about 250 points to end at 36,033.73, while the broader NSE Nifty dropped 80 points to 11,049.65.

Brokers said investors took money off the table and held back fresh bets ahead of the Union Budget on February 1.

Market sentiment was also impacted as other Asian markets retreated from record highs, tracking overnight meltdown at the Wall Street after a sell-off in Apple shares.

Investors were also cautious ahead of the US Federal Reserve&#39;s two-day monetary policy meeting beginning today.

The 30-share Sensex, after opening a shade lower at 36,277.12, continued its slide to crack the 36,000-mark and hit a low of 35,993.41 during the day. It finally settled at 36,033.73, down 249.52 points, or 0.69 per cent.

The index had gained 232.81 points yesterday and closed at a record high of 36,283.25.

The Nifty too closed lower by 80.75 points, or 0.73 per cent, at 11,049.65 after hitting a low of 11,033.90.

It had ended at a lifetime high of 11,130.40 yesterday.

&quot;Market slid followed by weaknesses in global markets while investors are likely to utilise the correction as improving domestic macros coupled with earnings growth will benefit in the long run.

&quot;The upcoming US Fed policy and India budget will remain the near term catalyst,&quot; said Vinod Nair, Head of Research, Geojit Financial Services.

Meanwhile, foreign portfolio investors (FPIs) bought shares worth Rs 291.86 crore on net basis while domestic institutional investors (DIIs) also picked up equities to the tune of Rs 90.08 crore yesterday, provisional data showed.

Asian Paints was the worst performer among the Sensex components by falling 2.22 per cent, followed by Kotak Mahindra Bank at 2.20 per cent.

Other laggards were Axis Bank, Dr Reddy&#39;s, Adani Ports, Reliance Industries, Wipro, ICICI Bank, TCS, Yes Bank, HDFC Ltd, Infosys, Tata Steel, Tata Motors, Maruti Suzuki, NTPC, ONGC, Bajaj Auto, Bharti Airtel, ITC and HDFC Bank.

Bucking the trend, Coal India, Hero MotoCorp, Sun Pharma, SBI, IndusInd Bank, HUL and Power Grid finished with gains of up to 1.71 per cent.

Reliance Communications soared 10.46 per cent after the company reported narrowing of consolidated loss to Rs 130 crore for the quarter ended December 2017.

Sector-wise, the BSE consumer durables index was the weakest of the lost, dropping 1.74 per cent, followed by IT 1.07 per cent, teck 1.02 per cent, bankex 0.85 per cent, realty 0.80 per cent, metal 0.63 per cent, healthcare 0.61 per cent, infrastructure 0.56 per cent, auto 0.48 per cent, capital goods 0.36 per cent and FMCG 0.33 per cent.

Oil &amp; gas and PSU indices managed to close in the green.

The broader markets continued to face selling pressure, which pulled down the small-cap index by 1.34 per cent and mid-cap by 0.67 per cent.

Overseas, European stocks were trading lower following sharp losses in Asian bourses and on Wall Street. Key indices like Frankfurt&#39;s DAX was down by 0.35 per cent, while Paris CAC 40 shed 0.19 per cent in their late morning deals. London&#39;s FTSE fell 0.42 per cent.

In Asia, Japan&#39;s Nikkei fell 1.43 per cent and Hong Kong&#39;s Hang Seng slipped 1.09 per cent, while Shanghai Composite Index dropped 0.99 per cent.

The BSE Sensex sank about 250 points to end at 36,033.73, while the broader NSE Nifty dropped 80 points to 11,049.65

Benchmarks buckled under heavy selling pressure today as wary investors pocketed gains in recent winners ahead of the Union Budget amid lacklustre global leads. The BSE Sensex sank about 250 points to end at 36,033.73, while the broader NSE Nifty dropped 80 points to 11,049.65. Brokers said investors took money off the table and held back fresh bets ahead of the Union Budget on February 1. Market sentiment was also impacted as other Asian markets retreated from record highs, tracking overnight meltdown at the Wall Street after a sell-off in Apple shares. Investors were also cautious ahead of the US Federal Reserve's two-day monetary policy meeting beginning today. The 30-share Sensex, after opening a shade lower at 36,277.12, continued its slide to crack the 36,000-mark and hit a low of 35,993.41 during the day. It finally settled at 36,033.73, down 249.52 points, or 0.69 per cent. The index had gained 232.81 points yesterday and closed at a record high of 36,283.25. The Nifty too closed lower by 80.75 points, or 0.73 per cent, at 11,049.65 after hitting a low of 11,033.90. It had ended at a lifetime high of 11,130.40 yesterday. "Market slid followed by weaknesses in global markets while investors are likely to utilise the correction as improving domestic macros coupled with earnings growth will benefit in the long run. "The upcoming US Fed policy and India budget will remain the near term catalyst," said Vinod Nair, Head of Research, Geojit Financial Services. Meanwhile, foreign portfolio investors (FPIs) bought shares worth Rs 291.86 crore on net basis while domestic institutional investors (DIIs) also picked up equities to the tune of Rs 90.08 crore yesterday, provisional data showed. Asian Paints was the worst performer among the Sensex components by falling 2.22 per cent, followed by Kotak Mahindra Bank at 2.20 per cent. Other laggards were Axis Bank, Dr Reddy's, Adani Ports, Reliance Industries, Wipro, ICICI Bank, TCS, Yes Bank, HDFC Ltd, Infosys, Tata Steel, Tata Motors, Maruti Suzuki, NTPC, ONGC, Bajaj Auto, Bharti Airtel, ITC and HDFC Bank. Bucking the trend, Coal India, Hero MotoCorp, Sun Pharma, SBI, IndusInd Bank, HUL and Power Grid finished with gains of up to 1.71 per cent. Reliance Communications soared 10.46 per cent after the company reported narrowing of consolidated loss to Rs 130 crore for the quarter ended December 2017. Sector-wise, the BSE consumer durables index was the weakest of the lost, dropping 1.74 per cent, followed by IT 1.07 per cent, teck 1.02 per cent, bankex 0.85 per cent, realty 0.80 per cent, metal 0.63 per cent, healthcare 0.61 per cent, infrastructure 0.56 per cent, auto 0.48 per cent, capital goods 0.36 per cent and FMCG 0.33 per cent. Oil & gas and PSU indices managed to close in the green. The broader markets continued to face selling pressure, which pulled down the small-cap index by 1.34 per cent and mid-cap by 0.67 per cent. Overseas, European stocks were trading lower following sharp losses in Asian bourses and on Wall Street. Key indices like Frankfurt's DAX was down by 0.35 per cent, while Paris CAC 40 shed 0.19 per cent in their late morning deals. London's FTSE fell 0.42 per cent. In Asia, Japan's Nikkei fell 1.43 per cent and Hong Kong's Hang Seng slipped 1.09 per cent, while Shanghai Composite Index dropped 0.99 per cent.

Sensex, Nifty tumble from record highs ahead of Budget

Indian shares&nbsp;hit&nbsp;record&nbsp;closing&nbsp;highs&nbsp;on Monday as investors were encouraged by recent economic data which showed the country&#39;s merchandise exports surged in September, pushing the trade deficit to a seven-month low.

The broader NSE&nbsp;Nifty&nbsp;ended 0.62 per cent higher at 10,230.85, after rising to a&nbsp;record&nbsp;high earlier in the session.

The benchmark BSE&nbsp;Sensex&nbsp;closed up 0.62 per cent at 32,633.64, after&nbsp;hitting an all-time high early in the day.

Federal Bank Ltd gained about 7 percent after posting an upbeat second-quarter profit.

The broader NSE?Nifty?ended 0.62 per cent higher at 10,230.85, after rising to a?record?high earlier in the session

Indian shares hit record closing highs on Monday as investors were encouraged by recent economic data which showed the country's merchandise exports surged in September, pushing the trade deficit to a seven-month low. The broader NSE Nifty ended 0.62 per cent higher at 10,230.85, after rising to a record high earlier in the session. The benchmark BSE Sensex closed up 0.62 per cent at 32,633.64, after hitting an all-time high early in the day. Federal Bank Ltd gained about 7 percent after posting an upbeat second-quarter profit.

Sensex, Nifty close at record high

The benchmark BSE Sensex and the NSE Nifty closed down today as disappointing quarterly earnings weighed on bank and pharmaceutical shares.

The benchmark BSE Sensex ended down 0.23 per cent to end at 32,309.88 and the broader NSE Nifty closed down 0.06 per cent to close at 10,014.50

However, both BSE Sensex and Nifty ended higher for the week as Indian stocks held steady on Friday.

The NSE Nifty was up 1 per cent for the week and BSE Sensex closed 0.88 per cent higher for the week.

Earlier in the day, Dr&nbsp;Reddy&#39;s Laboratories and ICICI Bank Ltd stocks fell 5.9 per cent and 3.6 per cent, respectively, after reporting weak quarterly results.

Dr. Reddy&#39;s profits halved in the quarter resulting in the stocks going down by as much as 6.5 per cent - its lowest since May 30.

ICICI Bank also took a beating falling 3 per cent after it reported an &nbsp;8 per cent drop in first-quarter profit.

&nbsp;ITC Ltd gained today with the stocks jumping 2 per cent on strong quarterly numbers.

?ITC Ltd gained today with the stocks jumping 2 per cent on strong quarterly numbers.

The benchmark BSE Sensex and the NSE Nifty closed down today as disappointing quarterly earnings weighed on bank and pharmaceutical shares. The benchmark BSE Sensex ended down 0.23 per cent to end at 32,309.88 and the broader NSE Nifty closed down 0.06 per cent to close at 10,014.50 However, both BSE Sensex and Nifty ended higher for the week as Indian stocks held steady on Friday. The NSE Nifty was up 1 per cent for the week and BSE Sensex closed 0.88 per cent higher for the week. Earlier in the day, Dr Reddy's Laboratories and ICICI Bank Ltd stocks fell 5.9 per cent and 3.6 per cent, respectively, after reporting weak quarterly results. Dr. Reddy's profits halved in the quarter resulting in the stocks going down by as much as 6.5 per cent - its lowest since May 30. ICICI Bank also took a beating falling 3 per cent after it reported an 8 per cent drop in first-quarter profit. ITC Ltd gained today with the stocks jumping 2 per cent on strong quarterly numbers.

Sensex, Nifty end flat, bank & pharmaceutical shares fall

Indian shares hit record highs on Friday, with Reliance Industries and Tata Steel leading the gains, as higher derivatives rollover led to strong follow-up buying in index heavyweights.

The broader NSE Nifty rose as much as 0.65 per cent to a record high of 9,572.25, while the benchmark BSE Sensex gained as much as 0.73 per cent, also touching a life-high of 30,975.52.

&quot;Most of the movement on the indexes since Thursday is due to broad index-level buying in the markets because of the F&amp;O expiry,&quot; said Tirthankar Patnaik, chief strategist and head of research, India at Mizuho Bank.

&quot;On Thursday, major shorts were covered and longs have been rolled, so there is follow-up buying in today&#39;s session. Nifty saw 75 per cent rollover yesterday,&quot; said Miraj Vora, derivative analyst at Prabhudas Lilladher.

A higher rollover is typically a bullish sign and means investors expect gains to continue.

Reliance Industries gained as much as 3.22 per cent, while Tata Steel gained as much as 5.6 per cent to 511.90 rupees, its highest since September 2014.

Consumer firm ITC, which is slated to report March quarter results later in the day, gained as much as 1.55 per cent.

Meanwhile, downstream oil companies lost some ground.

&quot;There is some profit-booking in downstream oil companies,&quot; Patnaik said.

Indian Oil Corp slipped for the first time in three sessions, falling as much as 5.2 per cent, while Bharat Petroleum lost as much as 3.3 per cent and looked set to snap three sessions of gains.

Pharma company Cipla dropped to an eleven-month low after posting a quarterly loss against analysts&#39; expectations.

(Reuters)

Indian shares hit record highs on Friday, with Reliance Industries and Tata Steel leading the gains, as higher derivatives rollover led to strong follow-up buying in index heavyweights. The broader NSE Nifty rose as much as 0.65 per cent to a record high of 9,572.25, while the benchmark BSE Sensex gained as much as 0.73 per cent, also touching a life-high of 30,975.52. "Most of the movement on the indexes since Thursday is due to broad index-level buying in the markets because of the F&O expiry," said Tirthankar Patnaik, chief strategist and head of research, India at Mizuho Bank. "On Thursday, major shorts were covered and longs have been rolled, so there is follow-up buying in today's session. Nifty saw 75 per cent rollover yesterday," said Miraj Vora, derivative analyst at Prabhudas Lilladher. A higher rollover is typically a bullish sign and means investors expect gains to continue. Reliance Industries gained as much as 3.22 per cent, while Tata Steel gained as much as 5.6 per cent to 511.90 rupees, its highest since September 2014. Consumer firm ITC, which is slated to report March quarter results later in the day, gained as much as 1.55 per cent. Meanwhile, downstream oil companies lost some ground. "There is some profit-booking in downstream oil companies," Patnaik said. Indian Oil Corp slipped for the first time in three sessions, falling as much as 5.2 per cent, while Bharat Petroleum lost as much as 3.3 per cent and looked set to snap three sessions of gains. Pharma company Cipla dropped to an eleven-month low after posting a quarterly loss against analysts' expectations. (Reuters)

Sensex hits record highs; Tata Steel scales over 2.5 year peak

BSE&#39;s initial public offer -- the first by a domestic stock exchange in India -- to raise up to Rs 1,243 crore was fully subscribed by the afternoon trade today, the second day of the offer.

The IPO, which closes tomorrow, received bids for 1,08,89,568 shares against the total issue size of 1,07,99,039 shares, data available with the NSE till 1330 hrs showed.&nbsp;The stock exchange aims to raise up to Rs 1,243 crore from the IPO, which is priced at Rs 805-806 per share.

During the initial share sale -- which is also a first by any company this year -- shareholders will sell 15.43 million shares estimated to be around Rs 1,243.44 crore at the higher end of the price band.&nbsp;The IPO of 15,427,197 shares of face value of Rs 2 each will constitute up to 28.26 per cent of the fully-diluted post offer issued share capital of BSE.

Bids for the issue can be made for a minimum of 18 shares and in multiples of 18 thereafter.&nbsp;Last Friday BSE had raised Rs 373 crore by allotting shares to anchor investors.

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The IPO received bids for 1,08,89,568 shares against the total issue size of 1,07,99,039 shares (WION)
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BSE shares will be listed on NSE as Sebi rules do not allow self-listing for an exchange.&nbsp;Capital market regulator Sebi had given its final go- ahead to the draft prospectus for the IPO on December 30.

Meanwhile, rival NSE too filed draft papers with Sebi last month for an estimated Rs 10,000-crore IPO.&nbsp;Among the existing BSE, shareholders are Bajaj Holdings Investment, Caldwell India Holdings, Acacia Banyan Partners, Singapore Exchange, a Mauritius-based arm of American investor George Soros&#39; Quantum Fund and foreign fund Atticus.

There are an estimated 9,000 shareholders at BSE, where originally mostly brokers held shares. However, a host of foreign investors and domestic financial institutions have acquired shares over the years and the IPO will provide some of them an exit window to monetise their investments.

The issue is being managed by Edelweiss Financial Services, Axis Capital, Jefferies India, Nomura Financial Advisory and Securities (India) Pvt, Motilal Oswal Investment Advisors, SBI Capital Markets and SMC Capitals.

BSE is the world&#39;s largest exchange by the number of listed companies. It is India&#39;s largest and the world&#39;s 10th largest exchange by market capitalisation.&nbsp;The market capitalisation of BSE-listed companies stands at Rs 1,11,56,778 crore.

Multi Commodity Exchange of India is the only listed bourse in the country.&nbsp;

(PTI)

The IPO received bids for 1,08,89,568 shares against the total issue size of 1,07,99,039 shares

BSE's initial public offer -- the first by a domestic stock exchange in India -- to raise up to Rs 1,243 crore was fully subscribed by the afternoon trade today, the second day of the offer. The IPO, which closes tomorrow, received bids for 1,08,89,568 shares against the total issue size of 1,07,99,039 shares, data available with the NSE till 1330 hrs showed. The stock exchange aims to raise up to Rs 1,243 crore from the IPO, which is priced at Rs 805-806 per share. During the initial share sale -- which is also a first by any company this year -- shareholders will sell 15.43 million shares estimated to be around Rs 1,243.44 crore at the higher end of the price band. The IPO of 15,427,197 shares of face value of Rs 2 each will constitute up to 28.26 per cent of the fully-diluted post offer issued share capital of BSE. Bids for the issue can be made for a minimum of 18 shares and in multiples of 18 thereafter. Last Friday BSE had raised Rs 373 crore by allotting shares to anchor investors. The IPO received bids for 1,08,89,568 shares against the total issue size of 1,07,99,039 shares (WION) × BSE shares will be listed on NSE as Sebi rules do not allow self-listing for an exchange. Capital market regulator Sebi had given its final go- ahead to the draft prospectus for the IPO on December 30. Meanwhile, rival NSE too filed draft papers with Sebi last month for an estimated Rs 10,000-crore IPO. Among the existing BSE, shareholders are Bajaj Holdings Investment, Caldwell India Holdings, Acacia Banyan Partners, Singapore Exchange, a Mauritius-based arm of American investor George Soros' Quantum Fund and foreign fund Atticus. There are an estimated 9,000 shareholders at BSE, where originally mostly brokers held shares. However, a host of foreign investors and domestic financial institutions have acquired shares over the years and the IPO will provide some of them an exit window to monetise their investments. The issue is being managed by Edelweiss Financial Services, Axis Capital, Jefferies India, Nomura Financial Advisory and Securities (India) Pvt, Motilal Oswal Investment Advisors, SBI Capital Markets and SMC Capitals. BSE is the world's largest exchange by the number of listed companies. It is India's largest and the world's 10th largest exchange by market capitalisation. The market capitalisation of BSE-listed companies stands at Rs 1,11,56,778 crore. Multi Commodity Exchange of India is the only listed bourse in the country. (PTI)

India: BSE's Rs 1,243 crore IPO fully subscribed

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