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MARKET: Sensex up 228 pts on reports govt may rollback higher tax on FPIs

FM Nirmala Sitharaman will address media wherein announcements on steps to revive the economy, clarity on super-rich tax on FPIs, and direct tax code are expected.

SI Reporter New Delhi
Markets, Investors, Indices, Stocks

3 min read Last Updated : Aug 23 2019 | 3:57 PM IST
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3:39 PM

Sectoral gainers and losers on the NSE

3:39 PM

Gainers and losers on the S&P BSE Sensex

3:36 PM

CLOSING BELL

The S&P BSE Sensex gained 228 points or 0.63 per cent to settle at 36,701 levels while NSE's Nifty50 index ended at 10,829, down 88 points or 0.82 per cent. 
36,701.16

3:30 PM

State Bank India cuts interest rates on fixed deposits up to 0.5%

The country's largest lender State Bank of India on Friday slashed interest rates on fixed deposits across various tenure by up to 0.5 percentage point, a move which will lower returns for savers.
 
In view of the falling interest rate scenario and surplus liquidity, SBI realigns its interest rate on Term Deposits with effect from August 26, 2019, SBI said in a statement. READ MORE

3:27 PM

India Inc grows impatient as economy slows down and Modi seems distracted

When Prime Minister Narendra Modi was re-elected in May with a sweeping majority, Indian stock markets jumped to all-time highs as investors anticipated big bang pro-business reforms to revive a flagging economy. But sentiment is souring in the country's boardrooms after a much-anticipated budget in July failed to provide any stimulus, and instead hiked taxes on the ultra-rich and on foreign portfolio investors. READ MORE

3:15 PM

ED conducts searches on Jet Airways offices, Naresh Goyal residences

The Enforcement Directorate (ED) is conducting search operation on Jet Airways’s offices and also on it founder Naresh Goyal’s Delhi and Mumbai residences. The action is the part of the probe against Jet Airways under the Foreign Exchange Management Act (Fema), said an ED official privy to the development. READ MORE


3:07 PM

NEWS ALERT | Moody's cuts India's 2020 GDP growth forecast by 60 bps to 6.7%: CNBC TV18

- Moody's cuts 2019 GDP growth forecast by 60 bps to 6.2%;
- Indian economy remains sluggish due to weak hiring

2:54 PM

Rupee up 45 paise from day's low

2:51 PM

Dish TV surges

2:46 PM

DLF off day's low, up 5%

2:38 PM

NEWS ALERT | Financial distress has to be addressed by PMO, Fin Min: Nitin Gadkari

-- Have submitted by note on Scrappage Policy to PMO

-- Can't say if Scrappage policy will be incentive based

2:34 PM

NEWS ALERT | Clarity on FPI tax, Direct Tax Code likely today

2:33 PM

NEWS ALERT | Govt likely to announce measures on economy today: sources to CNBC TV18

2:31 PM

NEWS ALERT | Wockhardt's Ankleshwar unit gets good manufacturing practice certificate from French regulator: CNBC TV18

2:28 PM

STOCK ALERT | Deepak Nitrite promoter buys additional 3 lakh shares via open market on August 21

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Topics :MarketsMARKET WRAP

First Published: Aug 23 2019 | 7:16 AM IST

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