ALSO READNifty fails to hold above 9,900; BSE Midcap, Smallcap hit fresh highs Nifty ends above 10,250, up 1.4% for the week; Sensex ends 301 pts higher Markets settle at new high, Nifty ends above 10,700;HDFC Group shares rally Nifty ends above 10,600 for first time ever, Sensex at record closing high
Top Sectoral loser: Nifty Realty Nifty Bank rallies 0.94% as govt may increase FDI in private banks Sectoral Trend Sensex top gainers and losers Market at close Benchmark indices ended at fresh closing highs on Thursday, tracking global markets, with banking stocks contributing the most to gains amid expectations that the government would increase the foreign investment limits for banks. The S&P BSE Sensex ended at 35,260, up 178 points while the broader Nifty50 index settled at 10,817, up 28 points. MCX gets Sebi's approval for deliverable futures contract in brass MCX, the leading exchange for non-agri commodity derivatives, is for the first time in India planning futures contract in brass. In another first for MCX, this metal contract, unlike other metals traded on the exchange, will be physical deliverable. Market regulator SEBI (Securities and Exchange Board of India) has already approved the contract's launch. Read more
Meanwhile, The Goods and Services Tax (GST) Council, which will meet today, is likely to take up rationalisation of rates of about 70 items, of which at least 40 are services. Amendment in rules may also be taken up to simplify filing and plug some of the loopholes.