India’s market regulator Securities and Exchange Board of India (SEBI) is working on a platform for start-up companies to help them access capital and remove other obstacles.
After a dismal show a year ago, the Indian stock market emerged as the third best performer globally in 2012, with a return of over 25 percent for a key index on the back of $24 billion foreign fund inflows and robust buying by domestic investors.
Public sector banks and rating agencies need to handhold small and medium enterprises (SMEs) and enable them to tap the capital market for raising funds, said Finance Minister P Chidambaram on Tuesday.
A benchmark index of Indian equities markets closed 95 points higher Tuesday as IT, realty and power stocks went up. The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 17,711.80 points, closed at 17,861.69 points (provisional), 94.91 points or 0.53 percent up from its previous day's close at 17,766.78 points.
A benchmark index for Indian equities markets was trading flat in the afternoon trade Tuesday after metal and consumer durables stocks fell.
Amid weak global cues and profit booking in some sectors, a benchmark index for Indian equities markets closed flat Monday. Heavy selling led to decline in capital goods, bank and consumer durables stocks.
The BSE Sensex ended higher on Friday led by gains in oil companies including ONGC following media reports the petroleum ministry has proposed gradually raising diesel prices, Reuters reported.
The BSE Sensex posted its biggest daily gain, for December, on Wednesday, as banks advanced on hopes the the country's central bank would continue to inject liquidity. Larsen & Toubro's stock rose after the government extended interest subsidies for some exporters, Reuters reported
The BSE Sensex edged slightly higher on Monday as Tata Motors extended its recent rally on hopes of improved sales at its key unit Jaguar Land Rover, while short-covering helped technology shares such as Infosys advance, Reuters reported.