Sensex up 118 pts in early trade on bargain hunting

MUMBAI: The benchmark BSE Sensex recovered over 118 points to regain the 25,000-mark in early trade on Tuesday largely on the back of value-buying in select blue-chip stocks amid mixed Asian cues. 

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The 30-share barometer recaptured the 25,000-level by rising 118.37 points or 0.47 per cent to 25,012.18 with realty, banking, metal, PSU and power sector stocks leading the recovery. 

The gauge had lost 870.97 points in the previous two sessions. Also, the NSE Nifty recovered by 38.35 points or 0.50 per cent to 7,597.15. 

Brokers said emergence of buying by participants at prevailing levels and sustained buying by domestic financial institutions, supported the market. 

Besides, a mixed trend in cautious trading at other Asian bourses ahead of Chinese trade data influenced sentiments, they said. 

Among other Asian markets, Shanghai composite Index was down 1.12 per cent, Hong Kong's Hang Seng was trading up by 0.11 per cent, while Japan's Nikkei fell by 0.76 per cent in early trade.

Source - TOI 

NSE to begin overnight investment facility from Monday

MUMBAI: Country's top stock exchange NSE will introduce an overnight liquid transaction facility on its web-based Mutual Fund platform, from tomorrow. 

The facility will enable traders, especially small investors, to invest even for a single night in liquid funds. 

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A similar product was introduced last month by BSE. The exchange has seen daily transactions worth Rs 400-500 crore in the product s

"Exchange is now introducing an order entry functionality which shall allow the participants to place purchase and redemption orders simultaneously in liquid schemes," the National Stock Exchange (NSE) said in a circular. 

"This facility will only be available on Mutual Fund Service System ( MFSS) web-based platform and in physical mode only," it added. 

Participants shall be allowed to enter overnight orders in liquid scheme between 9:00 am to 1:00 pm, the bourse said. 

The exchange would provide a separate window to place overnight orders on the web-based platform. 

Under the new facility, all liquid schemes allowed by respective asset management companies (AMC) would be available for placing orders, the exchange said. 

"Participants shall enter the subscription and redemption order simultaneously in overnight liquid order entry window," NSE added. 

Mutual Fund Service System (MFSS) is an online order collection system provided by NSE to its eligible members for placing subscription or redemption orders. far. 

Source - TOI