Mumbai: India’s benchmark equity indices posted their best weekly gains in absolute terms in nearly seven years as investors cheered the government’s commitment to its fiscal consolidation road map in budget 2016 and prospects of lower borrowing costs as a result.

The rupee also stabilized, pulling back from near-record lows to post its highest weekly rise in nearly one-and-a-half years.

Mumbai: Indian stock markets edged higher on Friday, posting their best weekly gain in more than four years, tracking gains in Asian markets and on improved risk appetite after the government unveiled a fiscally prudent budget earlier this week.

The benchmark BSE Sensex rose 0.16%, or 39.49 points, higher at 24,646.48, while the broader Nifty gained 0.13%, or 9.75 points, higher at 7,485.35.

he government’s decision to allow foreign exchanges to hold up to 15 per cent stake in Indian bourses has come as a shot in the arm for entities like the BSE and the National Stock Exchange (NSE) that are planning to become listed entities.

“Investment limit for foreign entities in Indian stock exchanges will be enhanced from 5 per cent to 15 per cent on a par with domestic institutions. This will enhance global competitiveness of Indian stock exchanges and accelerate adoption of best-in-class technology and global market practices,” according to the Budget presented in Parliament on February 29.

Bharat Heavy Electricals Limited (BHEL) has surged 10% to Rs 102 on the BSE after the company announced that it has won an order worth Rs 5,600 crore from Tamil Nadu government.

The Tamil Nadu Government has handed over the Letter of Award (LOA) for setting up of the Main Plant Package for the 2X800 mega watt (Mw) Uppur Supercritical Thermal Power Project, BHEL said in a press release.

Shares of Hero MotoCorp (HMCL) has moved higher to its 52-week high of Rs 2,834, up 6% on the National Stock Exchange (NSE) after the company clocked a double digit growth in two-wheeler sales in the month of February 2016.

Bucking the sluggish industry trend, HMCL sold 550,992 units of two-wheeler in February 2016, as compared to 484,769 units in the corresponding month last year, reflecting a robust double digit growth of 13.6%.

Mumbai: Benchmark equity index, Sensex, pared the intraday losses to close 152 points lower on Monday, as market participants gave a thumbs down to finance minister Arun Jaitley’s Union budget announcements, particularly with respect to taxing of dividend income in the hands of high net-worth individuals (HNIs).

Earlier in the day, the Sensex fell as much as 2.85%, or 659.69 points, to 22,494.61, while the Nifty 50 slipped as much as 2.9%, or 203.95 points, to 6,825.8 points.

Mumbai, Feb. 26: The National Stock Exchange (NSE) today initiated a process of getting listed, but maintained its intention to self-list.

Market regulator Sebi has allowed bourses to get listed. However, the regulator has ruled that a stock exchange cannot list its shares on its own platform. It will have to get listed on another exchange.

Mumbai: India’s stock markets posted their first daily gain in four sessions on Friday after a government report on the economy released days before the unveiling of the Union budget for fiscal year 2017 contained a few surprises.

The economic survey from the finance ministry called for fiscal prudence and stable inflation, while acknowledging the risks to growth, although it also called for a review of India’s medium-term fiscal strategy.

Mumbai: India’s benchmark Nifty index fell for a third-straight day to its lowest close in more than 20 months on Thursday as investors were nervous ahead of Union budget to be unveiled on Monday.

Expiry of monthly derivatives contract also kept the markets choppy.

MUMBAI: Ending a four-day rising streak, market benchmark Sensex on Tuesday tanked 379 points amid foreign institutions selling heavily and domestic investors staying on the sidelines on concerns about rising bad debt and lack of clarity on fiscal consolidation road map ahead of the Budget.

Traders said that shifting of capital towards state-run NTPC's Rs 5,030-crore share sale added to the selling pressure in the broader markets while global cues were also negative on renewed weakness in crude oil.

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