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National Stock Exchange facilitates overnight liquid transactions

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Mumbai: The National Stock Exchange (NSE) will from Monday launch an overnight liquid transaction facility on its web-based Mutual Fund platform.

Participants will be allowed to enter overnight orders in the liquid scheme between 9 a.m. to 1 p.m., the NSE said in a circular.

A similar facility enabling traders to invest even for a single night in liquid funds, was introduced last month by the Bombay Stock Exchange (BSE).

“Exchange is now introducing an order entry functionality which shall allow the participants to place purchase and redemption orders simultaneously in liquid schemes,” the NSE said.

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

MFSS is an online order collection system provided by NSE to its eligible members for placing subscription or redemption orders.

The stock exchange will 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, NSE said.

“Participants shall enter the subscription and redemption order simultaneously in overnight liquid order entry window,” it added. (IANS)

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Key Indian Indices traded in Green: Healthy Buying witnessed in Oil and Gas, Banking and IT Stocks

The wider 51-scrip Nifty of the National Stock Exchange edged up by 27 points or 0.33 per cent to 8,155.75 points

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Indian Currency. Pixabay

Mumbai, December 6, 2016: Hopes of a monetary policy easing, coupled with broadly positive global cues, along with rupee appreciation marginally lifted the Indian equity markets during the mid-afternoon trade session on Tuesday.

The key Indian indices traded in the green, as healthy buying was witnessed in oil and gas, banking and IT stocks.

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The wider 51-scrip Nifty of the National Stock Exchange (NSE) edged up by 27 points or 0.33 per cent to 8,155.75 points.

The barometer 30-scrip sensitive index (Sensex) of the BSE, which opened at 26,403.62 points, traded at 26,432.73 points (at 1.45 p.m.) — up 83.63 points or 0.32 per cent from the previous close at 26,349.10 points.

The Sensex has touched a high of 26,502.43 points and a low of 26,393.99 points during the intra-day trade so far.

The BSE market breadth was skewed in favour of the bulls — with 1,633 advances and 828 declines.

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“The markets traded on a flat-to-positive note following largely positive global indices and the rupee gaining momentum,” Astha Jain, Senior Research Analyst at Hem Securities, told IANS.

“Investors’ sentiments are buoyant on the hopes of a repo rate cut by the RBI by 25 basis points.”

According to Dhruv Desai, Director and Chief Operating Officer of Tradebulls, IT, oil-gas, cement and power stocks traded with firm sentiments.

“However, banking, pharma, textile and aviation stocks traded with bearish sentiments,” Desai said.

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“Auto and media-entertainment stocks witnessed resistance at higher levels due to profit booking.”

On Friday, the equity markets closed on a higher note, as investors’ sentiments were buoyed on hopes of a monetary policy easing and positive global cues.

The barometer index was up 118.44 points or 0.45 per cent , while the NSE Nifty rose by 41.95 points or 0.52 per cent. (IANS)