The domestic stock markets opened on a positive note today, building on the record closing highs registered in the previous session.
Reliance Industries advanced 3% after the country’s competition watchdog approved its deal to buy Future Group’s retail assets.
Lucknow Municipal Corporation (LMC) successfully raised Rs 200 crores by issuing Municipal Bond on Private Placement Basis using BSE BOND (EBP Platform). LMC received 21 bids on BSE BOND platform for Rs.450 crores, 4.5 times of the issue size.
BSE, India's leading and most diverse exchange, has received extremely positive response from all stakeholders for these contracts.
The robust performance of BSE Sensex 50 contracts in particular is noteworthy with its increasing liquidity and depth of market. In a volatile period for Indian markets, Sensex 50 derivatives contracts offers market participants protection to mitigate their risk and meets their growing needs.
BSE's seamless trading platform, integrated with a robust delivery framework for 'options in goods' contracts have proved extremely beneficial and cost efficient for jewellers, bullion dealers and other physical market participants.
Among Nifty sectoral indices, Nifty IT gained nearly 1.5 per cent while Nifty PSU Bank slipped around 1.5 per cent.
The BSE 30-share index, Sensex gained 327 points to end the day at 40,509 while Nifty-50 index jumped 80 points to settle at 11,914.
However, Vodafone Idea spurted nearly 30 per cent to Rs 12.88 per share after reports said the US wireless carrier Verizon and e-commerce giant Amazon may invest over four billion dollars in the beleaguered telco.
At the closing bell, the BSE S&P Sensex was down by 839 points or 2.13 per cent at 38,628 while the Nifty 50 lost by 305 points or 2.62 per cent at 11,342.