MUMBAI: Market benchmark Sensex surged over 181 points and the NSE Nifty reclaimed the 8,800-mark on Thursday after global markets cheered a surprise deal by OPEC to cut oil production for the first time in eight years.

Short-covering of bets with Thursday being the last session of September expiry in the derivatives segment kept the momentum on.

The National Stock Exchange (NSE) has extended its concession scheme – NSE MORE – in the transaction charges for the currency derivative segment till November 30.

Earlier, the scheme was available for a period of three months from July 1 to September 30.

India is a promising market for initial public offerings with two of its premier stock exchanges, BSE and NSE, registering the maximum number of IPOs in the Europe, Middle East, India and Africa (EMEIA) region worth $1.8 billion, says an EY report.

According to the quarterly EY Global IPO Trends: 2016, the surge in IPO activity was largely being driven by higher investor confidence in the Indian economy and continuing regulatory reforms.

Markets have rebounded in trades today and are trading marginally positive supported by buying among blue chips mostly the Tata group shares.

By 9:40 am, the S&P BSE Sensex was 77 points higher at 28,371 and the Nifty50 rose 26 points to trade at 8,749. Among broader markets, BSE Midcap and Smallcap indices are up over 0.5% each.

Benchmark indices BSE Sensex and NSE Nifty ended the week with marginal gains after US Federal Reserve left key interest rates unchanged. Markets also got a boost from reports that foreign institutional investors poured over Rs 5,500 crore into the capital markets within a fortnight this month. For the week ended September 23, the 30-share index closed 69.19 points, or 0.24 per cent, up at 28668.22, while the Nifty 50-index jumped 51.70 points, or 0.59 per cent, to 8831.55.

The benchmark BSE Sensex opened in the red, down from the over two-week high it hit on Thursday.

The 30-share Sensex was trading at 28,759.51, down 13.62 or 0.05% lower from Thusday's close of 28,773.13.

MUMBAI: Market benchmark Sensex rebounded by 266 points on Thursday to close at over two-week high of 28,773.13 and the NSE Nifty went past the 8,800-mark, tracking upbeat global cues after the US Federal Reserve left rates unchanged.

Moreover, trading sentiment got a boost after the current account deficit (CAD) narrowed sharply to just USD 300 million, or 0.1 per cent of GDP in the June quarter, driven by lower trade deficit on deeper import contraction.

Markets continued to trade higher in noon trades on Wednesday amid a rally in Asian stocks after the Bank of Japan at its meeting today decided to keep its deposit rate unchanged.

At 12:35pm, the S&P BSE Sensex was up 138 points at 28,661 and the Nifty50 was trading points higher at 8,818. In the broader markets, BSE Midcap and Smallcap indices gained 0.4%-0.7% each. Market breadth was positive with 1549 gainers and 872 losers on the BSE.

MUMBAI: Benchmark BSE Sensex fell about 51 points in early trade on Tuesday on profit-booking in consumer durables, IT, metal and banking stocks amid weak Asian cues as investors turned cautious ahead of key policy meetings of the Federal Reserve and Japanese central bank.

The 30-share index fell 50.70 points or 0.17 per cent to 28,583.80. The gauge had gained 280.96 points in the previous four sessions.

The BSE Sensex and NSE Nifty ended the holiday truncated week on a disappointing note despite some recovery in the last three trading sessions. For the week ended September 16, the 30-share index shed 198.22 points or 0.69 per cent at 28599. Nifty 50 index also dropped by 86.85 points, or 0.98 per cent to 8779.85. The index was at 8866.70 on September 9. Market sentiments dampened on worries that the US Federal Reserve could be considering an imminent interest rate hike and a nuclear test by North Korea.

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