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BSE Sensex soars 300 pts on last hour buying; Nifty50 above 10,800; HDFC twins, banking stocks lead gains

Last hour buying on the domestic bourses sent the BSE Sensex soaring by over 300 points and NSE Nifty50 almost 100 points higher. According to market experts, good buying in the HDFC twins and most banking stocks added to the upward trajectory of both the key indices. The benchmark BSE Sensex settled at 35,689.60 points, up 257.21

Sebi
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Sebi tweaks rules for IPOs, buybacks and takeovers

The Securities and Exchange Board of India (Sebi) on Thursday eased several rules relating to Initial Public Offers (IPO), rights issues, buybacks and takeovers. The regulator’s board approved these changes as also those relating tenures of managing directors of market intermediaries. The capital markets watchdog reduced the time for announcing the price band of initial