New Delhi: Vikram Limaye will be the new managing director and chief executive officer (MD and CEO) of National Stock Exchange of India Ltd, said two people with direct knowledge of the matter. Limaye was chosen by a selection panel and his appointment approved by the board of India’s largest stock exchange on Friday, they said.

The appointment of Limaye, 50, currently CEO and MD of IDFC Ltd, an infrastructure financing firm, will have to be cleared by the Securities and Exchange Board of India (Sebi), the people said on condition of anonymity.

The Bombay Stock Exchange (BSE) stock made a strong debut on the National Stock Exchange (NSE) on Friday with the scrip opening at Rs 1,089 up a remarkable 35% over the issue price of Rs 806. The stock gained as much as 48% intra-day after the R1,234.4 crore initial public offer (IPO) was subscribed more than 51 times when it closed last week. “The issue has got great response. However, investors should first read about BSE and if they are convinced about the business model then only one should invest,” said Ashish Chauhan, MD and CEO of the bourse.

BSE, which recently concluded its Rs 1,243-crore initial public offering, will list on rival National Stock Exchange (NSE) today.

BSE's stock listed at Rs 1,085/ share versus the issue price of Rs 806 a piece. The stock jumped nearly 48% in early trade on NSE.

MUMBAI: The Budget rally entered the second day on Thursday after the sensex closed at nearly a 4-month high of 28,227, driven by healthcare, IT and auto stocks amid mixed global shares.

Apart from auto, capital goods and infra, all sectoral indices notched up smart gains.

Indian benchmark indices opened on a cautious note ahead of the Union Budget 2016-17 due later today, waiting to watch the proposals which would set the course of the markets in the coming days.

BSE Sensex was trading up 0.12% at 27,689.77 points, and NSE Nifty was up 0.16% at 8,575 points, with most sectoral indices recording mild gains.

Mumbai: There were signs of anxiety in the market as the Sensex on Tuesday slumped 194 points ahead of the budget—to be presented on Wednesday—to a one-week low of 27,656 and the Nifty slipped below 8,600 after the Economic Survey projected a lower growth of 6.5% for 2016-17.

The recently introduced immigration restrictions by US President Donald trump and the new legislation that aims to rework the H1-B visa programme dealt a blow to IT stocks, which saw a big fall. TCS, Wipro and Infosys dropped by up to 4.47%, dragging down the BSE IT index by 2.96%, followed by technology that tanked 2.49%.

The benchmark indices pared all losses to edge higher thanks to over 13% rise in index heavyweight Bharti Airtel even as the broader sentiment remained cautious ahead of the Union Budget 2017.

At 01:41 pm, the S&P BSE Sensex was trading at 27,932, up 50 points, while the broader Nifty50 was ruling at 8,656, up 15 points.

The Sensex rallied about 148 points to 27,856 in early session today, maintaining its positive form for the fourth day as the February derivatives series took off on a strong footing amid positive Asian cues.

The 30-share Sensex, which gained 673.64 points in the previous three straight sessions, added 147.57 points, or 0.53 per cent, at 27,855.71. All sectoral indices of BSE led by oil and gas, power and PSU were in the positive zone, rising by up to 1.34 per cent. The NSE Nifty jumped 40.75 points, or 0.47 per cent, to 8,643.50.

The benchmark BSE Sensex surged over 105 points and the NSE Nifty reclaimed the 8,500-mark in early trade on Wednesday as traders continued buying, tracking a firm trend in other Asian bourses following record US markets' closing on Tuesday.

Short-covering of bets, with Wednesday being the last session of January expiry in the derivatives segment, kept the overall tempo up.

The market on Tuesday opened flat with the Nifty above 8400. It traded up 23.65 points or 0.3% at 8415.15 while the Sensex traded up 73.91 points or 0.3% at 27191.25.

Shares such as GAIL, Adani Ports, HDFC Bank and SBI were among top gainers while Bharti, HUL, Infosys, Asian Painrs and Wipro were amongst the losers.

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