Leading stock exchange BSE started its two-day mock trading session for infrastructure investment trusts (InvITs), ahead of next month's IPO by first such trust.

The exchange has developed the facility on its web-based platform - IBBS (Internet-based book building software) - to accumulate the bids from the applicants for InvITs.

The National Stock Exchange Nifty index has crossed the 9,300 mark for the first time on Tuesday while the Bank Nifty crossed the 22,000 mark for the first time too. Nifty breached the previous all-time high which was set only earlier in the day of 9,280.

Nifty index, after hitting the new all-time high, retreated and was trading at 9,299.60, up 81.65 or 0.89% from previous close.

Markets ended in red for the second straight week due to weakness due to persistent selling pressure in view of disappointing earnings results from companies amidst weakness in the global market, as investors maintained caution ahead of elections in France over the weekend and as geopolitical tensions notably those between the US and North Korea weighed on sentiment. The Sensex fell in three out of five sessions of the week. As trading was largely listless and rangebound throughout the session.

MUMBAI: The benchmark BSE Sensex rallied around 162 points in early trade today on widespread gains as investors indulged in widening bets amid firm overseas cues.

The BSE 30-share barometer surged 161.95 points, or 0.55 per cent, to 29,584.34. The gauge had gained 103.29 points in the previous two sessions.

The benchmark BSE Sensex advanced almost 64 points to 29,400.14 in early trade on Thursday on sustained buying by domestic institutional investors amid firm Asian cues.

The 30-share index rose 63.57 points or 0.22% to 29,400.14. The gauge had gained 17.43 points in the previous session. Also, the NSE Nifty was up 23 points, or 0.25%, to 9,126.50.

Buoyed by forecast of a normal monsoon and shrugging off weak trend in global markets, the benchmark BSE Sensex rose over 54 points in opening trade on Wednesday after investors took to select stock-picking. The 30-share barometer was trading higher by 54.45 points, or 0.18%, at 29,373.55 with IT, power, technology, healthcare and FMCG sector stocks leading the recovery.

India stock bulls, beware. A stronger currency could spoil the party. A further advance in the rupee to 62 per dollar in the year to March 2018 could shave four percent off the NSE Nifty 50 Index’s earnings growth, according to Edelweiss Securities Ltd.

Nifty companies are vulnerable to foreign currency swings because nearly half the index’s profits are linked to the global economy through exports, overseas subsidiaries and commodity prices, the brokerage said in a note dated April 17.

NSE Nifty reclaims the psychological 9,200-mark and BSE benchmark Sensex soared about 267 points in early trade, triggered by across-the-board buying amid mixed overseas cues.

Investors appeared optimistic ahead of quarterly earnings of some key companies, including IT major TCS which is scheduled to release its results later in the day.

Geo-political issues continued to dominate the scene as the Sensex slipped over 88 points in early part on Monday, mirroring global losses.

The weakness remained for the third session as the 30-share index fell 88.32 points, or 0.30%, to 29,373.13. Much of the softness came from metal, IT, FMCG, technology and auto.

Mumbai: Top stock exchanges National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) will discontinue equity as well as equity derivative trading in the security of Cairn India from 26 April, as the cash-rich oil producer has merged into its debt-ridden parent Vedanta.

Under the merger deal, shareholders of Cairn India will get one equity share of Vedanta and four redeemable preference shares of face value Rs10 and coupon 7.5%.

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