Leading bourse the National Stock Exchange (NSE) will auction investment limits for overseas investors on May 16, for purchase of government debt securities worth Rs 3,340 crore.

The auction will be conducted on NSE’s ebid platform from 1530 hours to 1730 hours, after the close of market hours, the exchange said in a circular today.

Market benchmark Sensex fell over 337 points and NSE Nifty dived by 107 points in early trade due to nervous selling by foreign funds amid a revised tax treaty between India and Mauritius imposing capital gains tax on investments routed through the latter from April next.

The rupee, which weakened for the third day against the dollar, also had its bearing on domestic equities.

Domestic benchmark indices BSE Sensex and NSE Nifty edged lower on Friday on account of weak global cues. Investors also remained cautious ahead of a US payrolls report for April that could influence bets on future US rate hikes. Sensex closed 33.71 points down at 25,228.50, while Nifty 50 index ended 2.05 points down at 7,733.45.

In the 50-share index, GAIL, BHEL, Eicher Motors, Tata Power and ACC gained between 2.80 per cent and 4.89 per cent. On the other hand, Dr Reddy’s Labs, Adani Ports, Wipro, HCL Tech and Tech Mahindra slid 1.44 per cent and 2.32 per cent.

MUMBAI: Market benchmark Sensex fell over 160 points in early trade and the NSE Nifty cracked below the 7,700-mark today due to profit-booking by investors after yesterday's gain amid weak cues from Asian markets ahead of the US employment data.

The 30-share barometer dropped by 160.09 points, or 0.63 per cent, to 25,102.12, with all sectoral indices led by FMCG, metal, IT and auto stocks leading the fall with losses up to 1.08 per cent.

Leading stock exchanges the NSE and BSE on Wednesday announced extended trading hours for Gold Exchange Traded Funds (ETFs) till 1900 hrs on May 9, on account of Akshaya Tritiya.

Occasions like, Dhanteras, Diwali and Akshaya Tritiya are considered auspicious to buy valuables like gold in India. Trading in gold ETFs is usually higher on these days.

The National Stock Exchange (NSE) is launching trade receivable and credit exchange, a trading platform for small and medium enterprises (SMEs) where their bills against large companies can be accepted electronically and auctioned so that these small enterprises are paid promptly.

"The new platform will be a joint venture (JV) of NSE and Small Industries Development Bank of India (SIDBI) and could be the first specialised exchange for micro SMEs," said a source with direct know. The platform would be known as 'Trades Exchange' and will be operational by the end of this calendar year, the souce added.

Market benchmark Sensex rebounded over 166 points in early trade on Tuesday on value-buying by investors in select bluechips amid a recovery in Asian markets.

The 30-share index was trading higher by 166.41 points or 0.65% to 25,603.38 with all the sectoral indices led by auto and capital goods leading the recovery.

Mumbai: The Securities and Exchange Board of India (Sebi) has decided against allowing the two national stock exchanges to launch commodity trading platforms in the near term, said three people familiar with the development.

Both the National Stock Exchange of India Ltd (NSE) and BSE Ltd had sought permission to launch commodity trading on their exchanges after Sebi began regulating the commodity markets last year.

Domestic equity indices BSE Sensex and NSE Nifty swung between gains and losses on Wednesday as investors stayed cautious ahead of US FOMC meet outcome due today and F&O expiry on Thursday. Later, Sensex closed 56.82 points up at 26,064.12, while Nifty settled 17.25 points up at 7,979.90.

In the 50-share index, Adani Ports, Bharti Airtel, ONGC, Bharti Infratel and GAIL gained between 2.65 per cent and 5.38 per cent. On the other hand, ICICI Bank, Axis Bank, State Bank of India (SBI), UltraTech Cement and Tata Power slid between 1.80 per cent and 3.45 per cent.

Mumbai: The Securities and Exchange Board of India (Sebi) has sought an explanation from National Stock Exchange of India Ltd (NSE) on a report by a Sebi constituted expert panel which had recommended action against the bourse for violating norms of fair access, said two people familiar with the developments.

The Sebi technical advisory committee (TAC) in March had submitted its findings to Sebi that some traders on the exchange had unfair access to market data and trading systems.

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