Share Market LIVE: SGX Nifty hints at gap-up start on F&O expiry; RBI moves shore-up forex, stem rupee fall

Share Market News Today | Sensex, Nifty, Share Prices LIVE: Domestic equity markets soared higher on Wednesday as bulls took charge on Dalal Street. S&P BSE Sensex opened in the green and closed 616 points or 1.16% higher at 53,750 while the NSE Nifty 50 index closed 178 points or 1.13% higher at 15,989. The volatility index moved lower but still remains above 20 levels. Ahead of the weekly futures & options expiry on Thursday, SGX Nifty was up in the green, suggesting a continuation of yesterday’s up-move. Global cues were largely positive after Wall Street indices soared higher. Among Asian stock markets, Shanghai Composite and Hang Seng were in the red while others gained.

The Reserve Bank of India (RBI) has announced a slew of measures to boost foreign exchange inflows, including allowing overseas investors to buy short-term corporate debt and opening of more government securities under the fully accessible route. The move is expected to help the tumbling rupee. In a statement laying down easier norms for sourcing of deposits from non-resident Indians (NRIs), debt investments by foreign portfolio investors (FPIs) on the shorter end and foreign currency borrowings, the central bank said that all capital flows, barring portfolio investments, remain stable and an adequate level of reserves provide a buffer against external shocks.

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