Domestic market found its winning ways after three straight sessions of losses, with the BSE Sensex rebounding over 141 points on sustained buying.
BSE said regulator Sebi has given approval to the stock exchange to launch cross-currency derivatives and has also allowed trading in such contracts for a longer period.
Sensex recovered by over 141 pts on value-buying by domestic investors in IT, banking, FMCG and oil and gas stocks amid firming trend on Asian bourses.
Key Indian equity indices traded in green during the mid-afternoon session riding on broadly positive Asian markets and a surge in IT stocks.
Gitanjali Gems plunged another 10% to hit its lowest trading permissible limit for the day and has suffered an erosion of Rs 419 crore from its market valuation.
The benchmark BSE Sensex rose by 112 points in late morning trade, lifted by buying IT, Teck and FMCG counters amid mixed Asian cues.
The 30-scrip Sensitive Index (Sensex) on Wednesday opened on a positive note during the morning session of the trade.
PNB's has slumped by Rs 10,939 crore in five days, which is nearly equal to the massive Rs 11,384-crore fraud at the company, even as the stock made a marginal recovery.
Sensex slipping over 71 points to mark its third straight-session loss as private banks put a dampener on the momentum created by IT counters.
Private sector lenders Axis Bank, Kotak Bank, Yes Bank, ICICI Bank, HDFC Bank fell as much as 1.44 per cent.
Joint venture partner is exploring stake in Max Healthcare
Life Healthcare Group Holdings Ltd Has Initiated Preliminary Discussions With Max India, Company‘s Joint Venture Partner In Max Healthcare Institute
Talks Explore Possibility Of Max India Acquiring Life Healthcare‘S Equity Interest In Max Healthcare Institute Limited
Board approves amalgamation of Co with IDFC Bank Ltd
National Housing Bank has intimated that it has no objection for the amalgamation
Board approves purchase of entire shareholding held by Usha International
To pay a consideration of Rs 24.83cr which will be paid over 12 months
EROS INTERNATIONAL , RIL
In Pact with Eros India to Set-Up $150 Mn Fund to consolidate content
RIL, Through Unit, agreed to subscribe to 5% stake in NYSE Listed Eros
RIL, Co agreed to partner in india to jointly produce, consolidate content
Jyoti Deshpande to head RIL's Media & Entertainment Business