Closing bell Sensex rises 108 pts and Nifty ends above 10,150 While Sebi will discuss on various market reforms at the board meeting tomorrow.
Closing Bell: Sensex rises 108 pts, Nifty ends above 10,150; banks, financials lead
The market rallied more than half a percent in pre-opening trade, tracking positive global cues on easing trade war tensions.
Market Closing: Benchmark indices continued to trade higher for the second consecutive session, with the Sensex rising 107.98 points to 33,174.39, tracking positive move in global equities.
The market rallied more than half a percent in pre-opening trade, tracking positive global cues on easing trade war tensions.
Market Closing: Benchmark indices continued to trade higher for the second consecutive session, with the Sensex rising 107.98 points to 33,174.39, tracking positive move in global equities.
The Nifty rose 51.30 points to 10,182 while the Nifty Midcap index outperformed frontliners, gaining 1.3 percent. More than two shares advanced for every share falling on the BSE.
PNB Housing Finance, GIC Housing Finance, MAS Financial, Satin Creditcare, M&M Financial, Bajaj Finserv, Punj Lloyd, Union Bank, IDBI Bank, JSPL, Adani Power and NIIT rallied up to 10 percent.
Central Bank of India lost 4 percent and Talwalkars Better value Fitness was down 21 percent on demerger of the lifestyle business.
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PNB Housing Finance, GIC Housing Finance, MAS Financial, Satin Creditcare, M&M Financial, Bajaj Finserv, Punj Lloyd, Union Bank, IDBI Bank, JSPL, Adani Power and NIIT rallied up to 10 percent.
Central Bank of India lost 4 percent and Talwalkars Better value Fitness was down 21 percent on demerger of the lifestyle business.
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Sebi to discuss various market reforms at the board meeting on March 28
A number of other important matters will also be discussed, such as amendments to rules on angel funds, mutual funds, buyback of shares, takeovers, registrars, and bankers to issues as well as suspension and revocation of trading, senior officials said.
Markets regulator Sebi will discuss a slew of measures at its board meeting tomorrow for strengthening the algo trading framework, amending norms for companies undergoing bankruptcy proceedings and increasing regulatory oversight on auditors.
A number of other important matters will also be discussed, such as amendments to rules on angel funds, mutual funds, buyback of shares, takeovers, registrars, and bankers to issues as well as suspension and revocation of trading, senior officials said.
With regard to algo trade, Sebi has proposed a review of the trading requirement for algo software for strengthening the algorithmic trading framework by mandating stock exchanges to provide a simulated market environment for testing of software used for such high-frequency trades.
The algo trade has been under public glare because of an ongoing probe concerning leading stock exchange NSE.
Oil firm on Middle East tension, though rising US output looms
U.S. West Texas Intermediate (WTI) crude futures were at $65.63 a barrel at 0700 GMT, up 8 cents, or 0.1 percent, from their previous settlement.
Oil prices were firm on Tuesday, supported by concerns that tensions in the Middle East could lead to supply disruptions, although further rises expected in U.S. crude output loomed over markets.
Markets regulator Sebi will discuss a slew of measures at its board meeting tomorrow for strengthening the algo trading framework, amending norms for companies undergoing bankruptcy proceedings and increasing regulatory oversight on auditors.
A number of other important matters will also be discussed, such as amendments to rules on angel funds, mutual funds, buyback of shares, takeovers, registrars, and bankers to issues as well as suspension and revocation of trading, senior officials said.
With regard to algo trade, Sebi has proposed a review of the trading requirement for algo software for strengthening the algorithmic trading framework by mandating stock exchanges to provide a simulated market environment for testing of software used for such high-frequency trades.
The algo trade has been under public glare because of an ongoing probe concerning leading stock exchange NSE.
Oil firm on Middle East tension, though rising US output looms
U.S. West Texas Intermediate (WTI) crude futures were at $65.63 a barrel at 0700 GMT, up 8 cents, or 0.1 percent, from their previous settlement.
Oil prices were firm on Tuesday, supported by concerns that tensions in the Middle East could lead to supply disruptions, although further rises expected in U.S. crude output loomed over markets.
U.S. West Texas Intermediate (WTI) crude futures were at $65.63 a barrel at 0700 GMT, up 8 cents, or 0.1 percent, from their previous settlement.
Brent crude futures were at $70.17 per barrel, up 5 cents, or 0.1 percent.
James Mick, Managing Director and Energy Portfolio Manager with asset management firm Tortoise, said: "rising geopolitical tensions" were driving up oil prices. The biggest risk was that the United States could re-introduce sanctions on Iran.
Brent crude futures were at $70.17 per barrel, up 5 cents, or 0.1 percent.
James Mick, Managing Director and Energy Portfolio Manager with asset management firm Tortoise, said: "rising geopolitical tensions" were driving up oil prices. The biggest risk was that the United States could re-introduce sanctions on Iran.
Land Rover launches country’s first convertible SUV under the Evoque brand
This is the tenth model launch by Jaguar Land Rover in this financial year
British luxury brand Land Rover on Tuesday launched the country’s first convertible sports utility vehicle (SUV) the Range Rover Evoque Convertible priced at Rs 69.53 lakh (ex-showroom).
This is the tenth model launched by Jaguar Land Rover in this financial year. The Tata Motors-owned brand is fourth-biggest luxury car brand in India.
The two-door SUV will be the third addition to the Evoque line-up and will be fully imported. The regular Evoque is a five-door vehicle with a hard top. Land Rover also sells the coupe version of the car in India.
Since no other luxury car maker sells a convertible SUV in India. the Evoque Convertible, therefore, has no competition.
This is the tenth model launch by Jaguar Land Rover in this financial year
British luxury brand Land Rover on Tuesday launched the country’s first convertible sports utility vehicle (SUV) the Range Rover Evoque Convertible priced at Rs 69.53 lakh (ex-showroom).
This is the tenth model launched by Jaguar Land Rover in this financial year. The Tata Motors-owned brand is fourth-biggest luxury car brand in India.
The two-door SUV will be the third addition to the Evoque line-up and will be fully imported. The regular Evoque is a five-door vehicle with a hard top. Land Rover also sells the coupe version of the car in India.
Since no other luxury car maker sells a convertible SUV in India. the Evoque Convertible, therefore, has no competition.
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