Aiming to create more depth and liquidity in exchange traded funds (ETFs) and equity derivatives, NSE will give discounts in transaction charges of these segments for three months starting from July 1.

The move will also help incentivise trading members to develop retail participation through ETF in Systematic Investment Plan (SIP).

Mumbai: Indian stocks advanced as investors bought companies most-tied to the economy after the UK’s decision to leave the European Union left global markets in disarray.

Drugmaker Lupin Ltd surged the most in three months, while Bharti Airtel Ltd rallied the most in a week. Hindustan Unilever Ltd (HUL) had the steepest advance since 21 March and ITC Ltd, the largest tobacco company, climbed to a one-month high.

Mumbai: The National Stock Exchange of India Ltd (NSE) on Monday said it plans to file papers in January 2017 to sell its shares to the public for the first time. The exchange will also file for an overseas listing of its shares by April 2017, India’s largest stock exchange said in a statement.

“For domestic listing, the board of directors of the exchange—subject to shareholders’ approval—has expressed desire to file the DRHP (draft red herring prospectus) latest by January 2017, after addressing restructuring needs of the exchange and the regulatory requirements for listing,” NSE said.

MUMBAI: Heavy selling pressure from operators and investors at the fag-end of week due to sharp fall in global markets as the UK voted for Brexit, pulled down the sensex by 228 points and Nifty by 82 points.

Pounded by Brexit, stocks and rupee went into a tailspin with the Sensex taking 1,090-point during the intra-day trade on Friday and rupee crashing by 97 paise but late buying by domestic institutions and talking-up by policymakers helped recoup some losses.

Markets edged higher in late trades on Thursday after European shares extended gains after voting started in a historic referendum whether Britain should remain as the member of the European or not.

At 2:40pm, the S&P BSE Sensex was up 212 points at 26,978 and the Nifty50 was up 56 points at 8,260.

Mumbai: Indian stocks fell for a second day before the UK votes on whether to leave or remain in the European Union (EU).

Tata Motors Ltd, owner of Jaguar Land Rover that gets about 25% of its revenue from Europe, tumbled for the first time in seven days. ITC Ltd, India’s biggest cigarette company, slid for a second day this week after its chief said he will step down next year.

All eyes are on the domestic equity and money markets on Monday morning as Reserve Bank of India's Governor Raghuram Rajan announced his decision to depart from the post when his term comes to an end on September 4.

The BSE Sensex opened down 0.48% on Monday, and the NSE Nifty was down 0.57% on open but the downside seems to be largely limited as globally, indices were trading above the red line on Monday as Brexit fears ebbed to an extent.

Domestic equity indices BSE Sensex and NSE Nifty ended the week flat amid significant global events such as US Fed meet and Bank of Japan monetary policy review. Investors also remained cautious ahead of June 23 referendum over Britain exit from the European union next week.

The 30-share index fell marginally 9.84 points to 26,625.91 on June 17 from 26,635.75 on June 10. However, the 50-share index closed unchanged at 8,170.

Market benchmark BSE Sensex tanked almost 183 points and the NSE Nifty broke below the crucial 8,200—mark in early trade due to profit-booking by investors after yesterday’s gains amid weak global cues.

The 30-share barometer declined by 182.71 points or 0.68 per cent to 26,543.63 with sectoral indices banking, teck, auto, IT, capital goods and metal, leading the fall.

Market regulator Sebi directed the National Stock Exchange Clearing Corporation (CC) to refund around Rs 250 crore of clearing members’ contribution that they had made to the core Settlement and Guarantee Fund (SGF). The exchange refunded the money to these members a few days ago.

The Securities and Exchange Board of India (Sebi) found that based on the daily stress test as per its new norms, NSE CC has enough funds and the contribution from the clearing members was not required.

Inviting Real Estate Agents, Job Placements Agents, Educational Institutes, Software Service Providers, Real Estate Builders, Marriage Bureaus, Travel Agents, Restaurant Owners, Health & Fitness Centers and other Local Businesses to Post a FREE Classified Advertisement on Cootera.com Classifieds Website.