Sadbhav Infrastructrure Projects (SIPL) shares made a robust debut on stock exchanges on Wednesday. The share price of the company listed at Rs 110.75 on BSE as compared to its issue price of Rs 103. It listed at Rs 111 on NSE.

At 10.16 am, shares of the SIPL were trading 7.28 per cent higher at Rs 110.50 apiece on BSE as compared with its issue price of Rs 103. It opened at Rs 110.75 and touched a high and low of Rs 112.25 and Rs 108.60, in trade so far.

Markets ended lower, amid weak global cues, as investors booked profits in financial shares which had gained in the previous session on rate cut hopes by the RBI amid easing consumer price inflation for August.

Further, traders maintained cautious stance ahead of the two-day US Federal Reserve meet which begins tomorrow.

The BSE Sensex and NSE Nifty closed 246 points and 82.95 points up at 25,856.70 and 7,872.25, respectively, on Monday.

In the 50-share index, NTPC, Vedanta, BPCL, Hindalco and Tata Steel gained between 3.40 per cent and 5.50 per cent. On the other hand, Cairn India, Idea Cellular, Bajaj Auto, Maruti Suzuki and TCS slid between 0.50 per cent and 1.61 per cent.

The BSE Sensex and NSE Nifty closed on a flat note on Friday ahead of IIP data, due later in the day. Sensex closed 12 points lower at 25,610 while Nifty closed 1.20 points up at 7,789.30.

Among the sectoral indices on the Bombay Stock Exchange (BSE), the BSE Realty index gained the most — 0.73 per cent at 1,288.86, it was followed by BSE IT index (up 0.44 per cent) and BSE FMCG index (up 0.42 per cent). On the other hand, BSE Metal index and BSE Capital Goods index declined 1.53 per cent and 0.52 per cent at 7,197.95 and 15,951.38, respectively.

Mumbai: The Bombay high court on Wednesday ruled against the National Stock Exchange (NSE) in a defamation case that the bourse had filed against financial news website Moneylife.

The court dismissed the case and asked the NSE to pay Rs.1.5 lakh each to journalists Debashis Basu and Sucheta Dalal. Besides this, the court imposed a penalty of Rs.47 lakh on NSE to be paid in the form of a donation to Masina Hospital and Tata Memorial Hospital in Mumbai.

The BSE Sensex and NSE Nifty on Wednesday are likely to open higher tracking SGX Nifty and strong global cues.

At 8.15 am (IST), SGX Nifty was up 108 points, or 1.38 per cent, at 7,844.

The BSE Sensex and NSE Nifty are likely to open in green on Tuesday tracking SGX Nifty and rest of Asian markets.

At 8.19 am (IST), SGX Nifty was up 49.50 points, or 0.65 per cent, at 7,610.50.

The benchmark BSE Sensex gained over 148 points and the NSE Nifty regained the 7,700-mark in early trade on Monday on value-buying by investors in select blue-chips.

Besides, covering-up of short positions by speculators supported the recovery, brokers said.

Brining clarity on minimum alternate tax (MAT) on foreign institutional investment (FII) has failed to stop them from withdrawing their investments in India. After a record outflow in August 2015 of Rs 17,248 crore, FIIs have sold Rs 2,205 crore of shares in the first two days.

FIIs selling have a lot to do with the global selloff in equity markets, but there are other reason too that FIIs are not interested in staying in India. We look at five such reasons.

Banking shares are continue reeling under pressure with the country’s largest PSU bank State Bank of India (SBI), ICICI Bank and Bank of India hit their respective 52-week lows.

The CNX PSU Bank index, a gauge of public sector banks, hit a fresh 15-month low on the National Stock Exchange (NSE) on the back of weak macro economic data.

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