The stock market continued to log gains. Even though earnings have not been great, better-than-expected macro numbers and hopes of Budget sops are keeping the bulls in business. Nobody was expecting strong Q3 numbers, given demonetisation and poor bank credit, but the low expectations mean that, for example, a positive Index of Industrial Production for November is being seen as a positive.

The Nifty has moved steadily up since it broke out past the 200-Day Moving Average (now around 8,300). Logging values above 8,400 leaves the bullish trend intact and, if we go by pre-Budget trading history, it could run up till the Budget. As of now, the rising commodity cycle is being seen as a positive, boosting the returns; it could turn worrisome if crude moves above $60 a barrel for the Indian basket.

The BSE and National Stock Exchange (NSE) were trading in the red on Monday morning following weakness in the Asian markets.

The BSE was trading at 27,172.78, 65.28 points or 0.24% while the NSE was trading at 8383.00 down 17.35 points or 0.21% lower from previous close.

Sensex surged over 151 points to breach the 27,000-level and Nifty hit the crucial 8,300-mark in opening trade following widespread gains as investors widened their bets amid a firming trend in Asian markets.

However, caution prevailed ahead of macroeconomic data and quarterly earnings from blue-chip companies.

The market regulator is putting the onus of corrective action on National Stock Exchange of India Ltd (NSE) after a forensic audit found that NSE’s algorithmic trading platform and co-location facility were “prone to manipulation” and allowed “potential preferential access” to some brokers.

The Securities and Exchange Board of India (Sebi) will ask the exchange to strengthen its trading systems, fix responsibility for lapses found by the audit, suspend employees who were at fault and examine members who may have profited illegally or unfairly, four people familiar with the matter said.

Mumbai: Market benchmark Sensex rebounded by over 173 points to finish at 26,899.56 on Tuesday as domestic investors heavily bought into recently battered metal, auto and oil & gas stocks amid a higher opening of the European markets.

Sensex snapped its two-day falling streak, supported by value-buying in select blue-chip stocks amid mixed global cues. The gauge had lost 151.69 points in the previous two sessions ahead of earnings season and macroeconomic numbers due this week amid looming fears of a slowdown in the country’s GDP growth.

MUMBAI: Marked by day-long swings, the stock market came off its nearly two-month high by falling over 119 points to close at 26,759, stumped by IT worries following proposed visa curbs in the US.

The NSE nifty too briefly retook the 8300 level before capitulating.

The market made a solid opening today as the benchmark Sensex gained over 103 points taking support from domestic investors, extending its yesterday’s rally on the back of a firm Asian trend.

Moreover, an appreciating rupee brought more cheer.

Benchmark indices continued to gain in the after-noon trade tracking global markets cues on upbeat economic data and rise in oil prices as investors were optimistic ahead of corporate earnings and Union Budget 2017.

Sensex hit its highest in nearly two months, while the broader NSE Nifty hit a near one-month high in today’s session led by gains in metal, oil & gas, banking and auto sectors.

Mumbai: Market traded sideways and ended lower on Wednesday, hit by selling by foreign investors towards the close of the session amid a subdued trend in Europe.

The Sensex succumbed to the pressure, before ending down 10.11 points, or 0.04%, at 26,633.13. The gauge had gained 47.79 points in the previous session. NSE Nifty also closed in negative territory with a minuscule fall of 1.75 points, or 0.02%, at 8,190.50.

Markets regulator Securities and Exchange Board of India (Sebi) has given the BSE a go-ahead to launch its IPO, paving the way for Asia's largest bourse to list its shares on the National Stock Exchange. The stock exchange is looking to raise Rs 13,000 crore from the markets

The BSE had filed its Draft Red Herring Prospectus (DRHP) in September and has completed its road shows abroad for the IPO.

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