Mumbai: The 30-share bellwether BSE Sensex traded higher on Wednesday morning, ahead of the expiry of derivatives. The government is expected to release data on GDP growth on 29 August.

At 9.22am, the Sensex was trading up 0.52%, or 138.65 points, at 26,581.46 points, while the National Stock Exchange’s broader barometer 50-share Nifty was up 0.38%, or 29.95 points, at 7,934.70 points.

Tata Motors and Mahindra & Mahindra (M&M) on Tuesday said that they would challenge the Competition Commission of India's (CCI) order that imposed huge penalty on auto companies on Tuesday.

Mahindra & Mahindra (M&M) – the largest utility vehicle maker issued a statement on Bombay Stock Exchange (BSE) saying, "The company aggrieved by this order proposes to appeal against it before the appropriate forum."

Although the benchmark indices representing the bluechip and mid-cap space have sustained strong year to date gains this year, nearly half of the index members have underperformed these barometers.

In case of largecap indices — the fifty share Nifty and BSE 100 — that gained more than 26% in 2014, 45% of constituents have trailed the year to date gains reported by these respective indices.

Leading stock exchanges, BSE and NSE, will drop United Spirits Ltd (USL) from the future and option segment from September 19 as the company failed to comply with listing agreements, including timely submission of financial results.

In similarly-worded circulars, BSE and NSE said “United Spirits Ltd has not submitted financial results for the year ended March 31, 2014 and quarter ended June 30, 2014 as required under Clause 41 of the listing agreement.”

The benchmark BSE Sensex rose over 111 points and the NSE Nifty soared to a new life-time high of 7,924.90 in early trade today as IT, oil & gas, power and consumer durable stocks led the rally on sustained capital inflows. Besides, a firming trend overseas also buoyed market sentiments.

The BSE 30-share barometer spurted by 111.09 points, or 0.42 per cent, to trade at 26,471.20, approaching its life-time high of 26,530.67 reached on August 19. It had gained 45.82 points in yesterday's session.

The benchmark BSE Sensex recovered over 56 points in early trade today on emergence of buying by funds and retail investors amid a mixed trend in global markets.

The 30-share index rose 56.30 points, or 0.21 per cent, to 26,370.59 with sectoral indices, led by consumer durables, IT, oil & gas, realty and auto gaining up to 1.95 per cent.

Continuing with its dream run, the BSE Sensex on Tuesday rose for the sixth consecutive trading session to close at a new high of 26,420.7. On aggregate, the benchmark index at the BSE has gained 1,091 points or 4.3 per cent over the last six trading sessions. The mid-cap and small-cap indices have lagged the premier index as they rose by 3.4 per cent and 3.5 per cent, respectively. Sectors such as auto, oil & gas, healthcare and banking contributed significantly to the rise as the four sectoral indices rose by over 5 per cent in the six trading sessions Reasons for Surge.

The benchmark BSE Sensex fell over 14 points in early trade today as funds and retail investors booked profits after four sessions of gains amid a mixed trend in other Asian markets.

The 30-share barometer, which had gained 774.09 points in the previous four sessions, shed 14.47 points, or 0.06 per cent, to 26,088.76, led by weakness in FMCG, IT, realty and tech sector stocks.

Hosiery maker Dollar Industries, which sells innerwear brands Bigboss and Force, is planning to get listed on the BSE in the current financial year. The company with annual turnover of Rs 690 crore has appointed merchant bankers for this.

“It is our priority to get listed this year. Final details are being worked out,” said Vinod Gupta, managing director of Dollar Industries.

Snapping its two-day winning streak, the benchmark BSE Sensex fell over 30 points in early trade today after industrial production declined to 3.4 per cent in June and retail inflation rose to 7.96 per cent in July.

The 30-share barometer fell by 30.26 points, or 0.11 per cent, to 25,850.51 with power, capital goods, realty, consumer durables and banking sector stocks leading the fall.

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