The National Stock Exchange (NSE) has slashed the market lot size for derivative contracts on Nifty 50, a move that will reduce the burden of excessive upfront margins for retail traders
Shares of Easy Trip Planners are in huge demand in the grey market, with operators willing to pay a premium of over 70 per cent.
Move is expected to result in passive inflows of $89 million (Rs 650 cr) in Tata Consumer. Gail could see outflows of $57 million (Rs 410 cr)
The Nifty PSU bank index ended as the top laggard on the NSE, down 4.7 per cent, after surging nearly 6 per cent each over the past two days
Sectorally, the Nifty PSU Bank index jumped another 5.6 per cent today, while the Nifty CPSE and Energy indices settled up to 4 per cent higher
The broader markets ended higher today with the S&P BSE MidCap and SmallCap indices settling 0.2 per cent and 0.43 per cent up, respectively
The Nifty Bank index stole the show and hit a new peak of 37,309 levels, up 1,200 points in the intra-day trade. The index closed 1,197 points, or 3.3 per cent, higher at 37,306 levels
On the sectoral front, the Nifty Metal index skid 1.7 per cent, followed by the Nifty FMCG index declined 1.5 per cent
On the sectoral front, Nifty PSU Bank index declined over 1 per cent on the NSE, followed by losses in the Nifty Auto index (down 0.4 per cent), and the Nifty Realty index (down 0.24 per cent)
The broader markets, however, bucked the trend and ended higher today. The S&P BSE MidCap and SmallCap indices added 0.7 per cent and 0.4 per cent, respectively at close
The Nifty Auto, Metal, and Pharma indices settled over 1 per cent lower each
All that happened in the markets today
In the broader market, the S&P BSE MidCap index ended 0.4 per cen lower while the smallcap counterpart closed down 0.45 per cent.
Stock market updates: The S&P BSE Sensex hit an intra-day low of 48,404 today
Says the firm is on course to replace state-owned Gail India in the widely-followed index during the semi-annual review set for March
The free-float market cap - a key parameter for index inclusion-of Tata Consumer Products is currently at Rs 36,000 cr, while that of Gail is about Rs 30,000 cr
Stock market LIVE updates: The Nifty sectoral indices were mixed, with gains in Nifty Pharma and Nifty FMCG indexes, up 0.8% and 0.7%, respectively being offset by losses in Nifty Metal, down 1%
Stock market LIVE updates: India VIX ticked up 4 per cent in the intra-day trade, but ended 2 per cent higher
Stock market updates: Nifty PSU Bank index surged over 6 per cent and was the top sectoral gainer
Volatility index, India VIX, surged 8.5 per cent to 22.4 levels