New Delhi: A day after Sebi passed orders against it in the co-location case, National Stock Exchange said Wednesday the orders do not affect its functioning as a recognised stock exchange.

The markets regulator on Tuesday directed the bourse to disgorge profits worth over ₹687 crore along with interest besides barring it from launching any new derivative products as well as from accessing the securities market directly or indirectly for six months.

The stock market regulator has asked India’s largest stock exchange by traded volume NSE to pay over Rs 1000 crore over a scandal which allowed some brokers to make money through gaining preferential access to the stock exchange servers.

A look at the exchange disclosures shows that it has provided for nearly Rs 2000 crore as provisions, pending directions from the Securities and Exchange Board of India (Sebi).

The BSE benchmark Sensex on Tuesday plunged over 150 points to slip below the 39,000-mark in early trade amid capital outflows by foreign funds and mixed global cues.

However, a strengthening rupee and global crude oil prices restricted further losses in equity markets, brokers said. The 30-share index dropped 154.60 points, or 0.40%, to 38,912.73 in early morning trade, after touching a high of 39,068.67.

Equity benchmark BSE Sensex jumped over 150 points in early trade Friday led by banking stocks amid unabated foreign fund inflow.

The 30-share index was trading 152.41 points or 0.39 per cent higher at 38,883.27, and the NSE Nifty rose 50.90 points or 0.44 per cent to 11,692.70.

Equity benchmarks BSE Sensex and NSE Nifty started on a positive note on Thursday ahead of the expiry of April derivative contracts, amid strong foreign fund inflow.

The 30-share index was trading 42.83 points or 0.11 per cent higher at 39,097.51, and the NSE Nifty rose 22.95 points or 0.20 per cent to 11,749.10.

Mumbai: The benchmark BSE Sensex jumped over 100 points in early trade on Wednesday tracking record gains on Wall Street amid easing crude prices.

After hitting an intra-day high of 38,701.52, the 30-share index was trading 75.37 points or 0.20 per cent higher at 38,640.25. The NSE Nifty too rose 21.15 points or 0.18 per cent to 11,597.10.

Indian markets posted their worst single-day fall in 2019 as rising oil prices hurt investor sentiment and dampened economic outlook. Brent futures rose as much as 3 per cent to $74.3 a barrel, the most since November 1, before easing off slightly, as the United States appeared to end all waivers issued to eight economies, including India, allowing them to buy Iranian oil without facing sanctions.

The benchmark BSE Sensex cracked over 300 points in early trade on Monday tracking losses in index heavyweights RIL, HDFC and ICICI Bank, amid weak global cues, sinking rupee and soaring crude oil prices.

The 30-share index was trading 309.56 points or 0.79% lower at 38,830.72. The NSE Nifty too plunged to 101.80 points, or 0.87%, to 11,651.

Shares of Global Vectra Helicorp surged 9 per cent to Rs 127 in the intra-day trade on Thursday, gaining 53 per cent in the last one week on the BSE, on expectation of strong earnings growth. The stock was trading close to its 52-week high of Rs 131 on April 23, 2018 on the BSE.

In past three weeks, the stock has rallied 112 per cent from level of Rs 60.30 on March 8, 2019, as compared to 7 per cent rise in the S&P BSE Sensex.

ICICI Bank shares rose over 3 per cent in intra-day trade on the BSE, marking their biggest intraday per cent gain since March 12, after global financial firm Goldman Sachs hiked the target price on the stock.

Goldman Sachs raised the price target on the stock to Rs 492 from Rs 451 and maintained 'buy' rating, saying that ICICI Bank's strong deposit franchise, lower cost of funds put the company at an advantage, a media report said.

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