The BSE Sensex and NSE Nifty pared some of their gains on Monday in late hour of trade and closed on a flat note on account of selling in frontline blue chip stocks taking cues from European counterparts. The sentiments also came under pressure after Moody’s poll stated that the greatest challenge facing the Indian economy is exposure to external shocks such as interest rate hike in the US and slowdown in China and the risk has risen since last year. Sensex closed 50.29 points up at 24,485.95, while Nifty 50 index settled 13.70 points up at 7,436.15.

Mumbai: BSE, the oldest stock exchange in Asia, has set the ball rolling on an initial public offering (IPO) and started discussions with intermediaries to begin work on its listing, two people aware of the development said.

The move comes after the Securities and Exchange Board of India (Sebi) issued a notification regarding the amendments to the Stock Exchanges and Clearing Corporations, or SECC, regulations on 1 January. The amendments were aimed at making it easier for exchanges to list.

Idea Cellular has dipped 5% to Rs 108, also its 52-week low on the BSE in otherwise firm market after the company reported a consolidated net profit of Rs 764 crore against an average analysts estimate of Rs 776 crore for the quarter ended December 2015 (Q3FY16).

The company had profit of Rs 767 crore in the same quarter year ago and Rs 809 crore in previous quarter.

Market benchmark Sensex on Thursday sinked further to crack below the 24,000-mark after over 20 months by shedding 100 points to 23,962.21, bogged down by persistent selling in Asian shares, following fresh dip in oil prices.

The broader NSE Nifty also broke below the 7,300-mark. Profit-booking in blue-chips after early gains, caution ahead of earnings announcement from more key corporates and further weakening of the rupee, which again breached the 68 mark against the dollar also took its toll.

Markets extended gains helped by a rebound in bank shares along with index heavyweight Reliance Industries and Infosys leading the gains.

At 10:15am, the S&P BSE Sensex was up 172 points at 24,360 and the Nifty50 was up 50 points at 7,401.

Mumbai: Market benchmark Sensex on Monday fell to a 20-month low after plunging 266.67 points to 24,188.37, dragged down by a massive dip in exports, while Reliance Industries Ltd (RIL) cracked over 5% on crude oil slipping below $28 per barrel.

Moreover, muted earnings and widening trade deficit to $11.6 billion in December as against $9.1 billion in the year-ago period, further battered the market mood, which is already rattled by depreciating rupee and concerns over health of the Chinese economy.

MUMBAI: The benchmark BSE Sensex recovered over 57 points in early trade on Tuesday on mild buying in select stocks by participants amid mixed Asian cues and ahead of the IIP and inflation data to be released later in the day.

The 30-share index was 57.26 points, or 0.23 per cent, higher at 24,882.30 in early trade with sectoral indices, led by power, capital goods, infrastructure, PSU, pharma and consumer durables and oil & gas were in positive terrain.

The BSE Sensex pared some losses after falling over 300 points in the early trade on Monday and closed 109.29 points down at 24,825.04 following weak global cues. NSE Nifty settled 37.50 points down at 7,563.85.

In the 50-share index, Vedanta, Reliance Industries, Tata Motors, Grasim and Maruti Suzuki gained between 1.65 per cent and 4.90 per cent. On the other hand, Wipro, Mahindra & Mahindra, Adani Ports, Tech Mahindra and Dr Reddy’s Labs slid between 2.70 per cent and 3.50 per cent.

The benchmark BSE Sensex extended losses on a fourth straight day as it fell by over 378 points while NSE Nifty dipped below the 7,700 level in early deals as further sell-off in China forced the market to halt trading for the second time this week. In addition, weakness in the rupee against the American currency too weighed on the sentiment.

Asian markets were in deep red with Shanghai shares crashing 7.32 per cent, forcing authorities to suspend trading, less than half an hour after opening. The fall came amid worries over slowing growth in the world’s second-largest economy, which have roiled investors worldwide, and with pressure on its currency from capital outflows.

Benchmark share indices ended at their lowest closing level in three week amid a sell-off in late trades after weak economic data from China and devalution of the yuan sparked global growth concerns while the ongoing geopolitical tensions in the Middle-East also dampened sentiment.

The S&P BSE Sensex ended down 174 points at 25,406 and the Nifty50 closed 44 points lower at 7,741.

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