Equity benchmark indices clocked smart gains during early hours on Thursday following a rally in IT stocks amid positive global cues. At 10:15 am, the BSE SandP Sensex was up by 453 points or 1.13 per cent at 40,331 while the Nifty 50 gained by 126 p
Equity benchmark indices traded flat with a positive bias during early hours on Thursday with aviation stocks on an upswing.
The National Stock of Exchange (NSE) India Ltd may get the approval of the Securities and Exchange Board of India (SEBI) for the Initial public offering (IPO), according to reports.
Equity benchmark indices swung between gains and losses on June 04 but ended lower with private banks suffering the most on profit booking.
According to traders, market mood turned bearish after government data on Monday showed that retail inflation rose to about five-and-half year high of 7.35 per cent in December 2019, surpassing the RBI's comfort level, mainly due to spiralling prices of vegetables as onions were selling costlier.
Till September, a total of 71 ETFs were benchmarked to various equity and debt indices, while the number stood at 66 by March this year. "Increasing awareness about ETFs, large cap active funds struggling to outperform large cap indices based ETFs and low fund management fees of ETFs are few other key factors which have helped the growth of ETF in India," NSE said in a statement on Friday
In the previous session, the 30-share Sensex settled 35.98 points or 0.09 per cent, higher at 40,165.03. The Nifty advanced 13.15 points, or 0.11 per cent, to close at 11,890.60.
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