- FPIs withdraw Rs 4,193 crore from capital markets in September so far
- Market celebrates corporate tax cut with biggest rally in 10 years
- Corporation tax cut a big positive, but demand recovery may take time
- Relief for FPIs: Capital gains on debt securities now exempt from surcharge
- Markets clock best day in 10 yrs after sharp slash in corporate tax rates
- Market Wrap, Sept 20: Here's all that happened in the markets today
- Sebi partially freezes LIC's voting rights in National Stock Exchange
- DHFL trades lower for fourth straight day, declines 13%
- FM's tax cuts: Prospects of higher govt borrowings spook bond market
- FM's boosters seen as positive but insufficient to perk up manufacturing
Sensex ends volatile session with minor gains; Indiabulls Housing down 8.5%
All that happened in the markets today
The benchmark S&P BSE Sensex closed at 39,113, up 66 points, or 0.17 per cent, with Tata Steel, Kotak Bank, NTPC, HDFC, and Powergrid pocketing the highest gains. Nifty ended absolutely flat at 11,691.
Nifty sectoral indices traded mixed. Nifty Realty gained the most 1.1 per cent, while Nifty Pharma and Nifty Auto, down 1.6 and 1.1 per cent each, bled the most.
The broader market underperformed the benchmarks, with the S&P BSE MidCap index settling 100 points, or 0.7 per cent, lower at 14,443, while the S&P BSE SmallCap index tumbled 194 points, or 1.37 per cent, to 13,919.
Shares of Jet Airways (India) hit a fresh all-time low of Rs 28.60, down 29 per cent, in early morning trade on the National Stock Exchange (NSE) on Wednesday ahead of National Company Law Tribunal (NCLT) hearing later in the day on insolvency plea filed by the lenders. The stock ended the day 18 per cent lower at Rs 33.10. READ MORE
Shares of Jain Irrigation Systems (JISL) tanked 22 per cent to Rs 21.25 on the National Stock Exchange (NSE) on Wednesday after rating agency India Ratings and Research (Ind-Ra) downgraded the company’s long-term issuer rating to ‘IND BBB’ from IND A-“ with negative outlook. By the end of the session, the stock had slid to 28.1 per cent lower at Rs 19.70. READ MORE