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.

The benchmark BSE Sensex and NSE Nifty plunged 159.21 points and 44.25 points on Monday on account of selling pressure in energy, metal, oil and gas sectors amid lower Asian cues. Sensex closed 0.62 per cent down at 25,678.93, while Nifty 50 index settled 0.56 per cent down at 7,855.05. Investors remained cautious ahead of the central bank meetings in the US and Japan this week for future policy moves. Depreciation in Indian rupee too dampened sentiments.

The BSE Sensex and NSE Nifty ended the choppy trade on a flat note on Friday with marginal losses on account of weak cues from global markets. Sensex closed 42.24 points down at 25,838.14, while Nifty settled 12.75 points down at 7,899.30.

In the 50-share index, State Bank of India (SBI), Maruti Suzuki, Bank of Baroda, NTPC and Axis Bank gained between 1.45 per cent and 3.05 per cent. On the other hand, HUL, Asian Paints, HDFC, Sun Pharma and Kotak Mahindra Bank slid between 1.20 per cent and 2.28 per cent.

Maruti Suzuki India has moved higher by 3.5% to Rs 3,833 on the BSE in otherwise range bound market tracking the weakness in the Japanese yen.

A weaker yen would improve Maruti's margins by reducing the costs of importing auto parts from Japan.

Market benchmark Sensex recaptured the crucial 26,000-mark by climbing over 219 points in early trade today as investors engaged in widening their bets amid firm global cues.

The 30-share barometer advanced by 219.02 points or 0.85 per cent to 26,063.20. The gauge gained 1,170.34 points in the previous five sessions.

Continuing its climb for the fifth straight session, the benchmark Sensex surged over 137 points in early trade on Wednesday as investors built more bets amid increased foreign fund inflows.

The 30-share barometer rose 137.47 points, or 0.53%, to 25,953.83. The gauge had gained 1,142.52 points in the previous four sessions on positive macroeconomic data, forecast of an above-normal monsoon and Infosys' upbeat revenue guidance.

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