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.

The benchmark BSE Sensex recovered over 455 points to cross 26,000 level in early trade, while NSE Nifty crossed the 7,900 mark on short covering by participants on expiry of derivatives contracts and strong global cues.

The 30-share barometer spurted by 455.73 points, or 1.77%, to 26,170.39. On Wednesday, it had lost 317.72 points.

Banking shares continue under pressure, with the National Stock Exchange (NSE) Bank Nifty cracking over 5% or nearly 1,000 points in intra-day trade as the global markets crashed owing to concerns over economic slowdown in China, the world’s second largest economy.

Bank of India, Punjab National Bank, Canara Bank, Yes Bank, Bank of Baroda and Federal Bank are down more than 7% each.

MUMBAI: The benchmark BSE Sensex rose by 29 points in early trade on Thursday on increased buying by funds and retail investors despite a weak trend Asian markets.

In a volatile trade, the 30-share barometer advanced by 29.00 points, or 0.10 per cent to 27,960.64 after slipping to 27,828.12. The gauge had gained 100.10 points on Wednesday.

Benchmark share indices opened lower amid profit taking at higher levels with index heavyweights leading the decline.

However, PSU banks were in focus with Bank of Baroda leading the gains after the government launched seven-pronged revamp plan to revive the ailing PSU Banks, including a Rs 20,000-crore capital infusion lifeline.

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