Dalal Street swung back into the green once again

BSE shares rise 3% amid buzz of SEBI allowing Jane Street to resume trading!

BSE, Angel One, other capital market stocks rose up to 2.5% as reports said market regulator SEBI has allowed Jane Street to resume trading.

At 11:15 am on July 21, BSE shares were trading 3% higher at Rs 2,526 apiece. Other capital market stocks also gained, namely Motilal Oswal Financial Services Ltd (MOFSL), Angel One, CDSL.

MOFSL's shares rose 2% while those of Angel One and CDSL rose 1.42% and 1.31%, respectively.

SEBI has allowed Jane Street to restart trading after the US high-frequency trading firm deposited Rs 4,844 crore, two sources aware of the matter told Reuters on July 21.

Nifty, Sensex clawed back some gains after seeing early losses.

Dalal Street swung back into the green after seeing some losses on open on Monday, July 21. The positive sentiment around the blue-chip, heavyweight banking pack lifted the benchmark indices in trade.

At 12:05 p.m., the Sensex was up 272.82 points or 0.33 percent at 82,030.55, and the Nifty was up 65.20 points or 0.26 percent at 25,033.60. About 1681 shares advanced, 1825 shares declined, and 167 shares unchanged.

The sectoral indices presented a mixed front. The Nifty Auto index rose 0.4 percent, while the Nifty Metal was the top gainer, rising 1.04 percent on the back of strong global commodity cues. Bank Nifty rallied 0.9 percent, as ICICI Bank and HDFC Bank's earnings supported the index.

On the flip side, Nifty Pharma declined 0.3 percent, paring some of its recent gains. Nifty IT continued to underperform, falling 0.4 percent as global tech sentiment remained weak. Nifty FMCG was down 0.6 percent, dragged by profit booking in heavyweight stocks. Nifty PSU Bank was the worst hit, shedding 0.7 percent following a strong rally in recent sessions.t