To align the periodic price band mechanism with the new graded surveillance measures (GSM) framework, BSE has decided to do away with weekly and monthly price limits for securities listed on its platform.

The stock exchange will phase out the weekly price bands from March 20 and the monthly price bands from April 3 for companies that attract such periodic price limits.

Riding on exit polls that predict the BJP emerging as the single largest party in UP and coming to power in Uttarakhand, the BSE Sensex climbed over 146 points in opening trade on Friday on heavy fund inflows.

Moreover, industrial production (IIP) data for January, scheduled to be released after market hours on Friday, also influenced sentiments. All the sectoral indices led by consumer durables, IT, metal, realty, bank, capital goods and auto sectors were trading in the positive zone with gains of up to 0.73%.

After trading in a range all through the Thursday's session, the benchmark indices eventually settled marginally higher ahead of the exit poll results of state elections due later in the day.

The S&P BSE Sensex ended at 28,929, up 27 points, while the broader Nifty50 closed at 8,927, up 3 points.

Reliance Industries' (RIL) nearly 396 million equity shares representing 12.58% equity of total paid up capital changed hands on BSE through block deal in early morning trade.

RIL on March 2, 2017 had informed the stock exchanges that entities forming part of the promoter group of the company intend to acquire from other promoter group entities by way of ‘inter-se’ transfer aggregating up to 1,190 million shares of RIL

Shares of MTNL soared 8% on news reports that the proposal to merge BSNL and MTNL is back on the discussion table with top officials at the telecom department once again 'brainstorming' on various options before the two loss-making, state-owned entities.

Benchmark indices held on to their morning gains with Nifty hovering around 8.900 on hopes that BJP may win the Uttar Pradesh assembly elections.

The elections will have a key influence on PM Narendra Modi's chances of a victory on 2019 polls.. Election results are due out on Saturday.

Mumbai: Shares of BSE Ltd, Asia’s oldest stock exchange, on Friday extended its losses for the seventh consecutive session. The stock corrected nearly 17% from its listing day.

In intraday, the stock touched a low of Rs 888.10 a share and fell as much as 3.2% on the NSE.

Sensex, on Thursday, opened at 29132.58, higher than yesterday's close at 28,984.49. It was up by over 148.09 points a few minutes into trading.

The Nifty, which had closed at 8,945.80 points climbed 41.90 points 8,987.70.

The Sensex left its two days of losses behind by recovering 230 points in early session on Wednesday, propped up by fresh buying triggered by positive GDP data for the December quarter amid favourable Asian cues.

The impact was such that even the broader NSE Nifty took back the 8,900-mark. The 30-share index, which had lost 149.65 points in the previous two sessions, was trading higher by 229.56 points, or 0.80%, at 28,972.88. All sectoral indices, led by realty, bank and metal, moved up, with gains of up to 1.29%.

The BSE Sensex recovered about 51 points and the NSE Nifty scaled the 8,900-mark in early trade today as investors took to buying ahead of GDP data scheduled to be released later in the day amid firm global cues.

The 30-share index was trading higher by 50.53 points, or 0.18 per cent, to 28,863.41 with the sectoral indices led by consumer durables, capital goods, healthcare, metal, auto and banking trading higher by up to 0.58 per cent.

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