Several out-of-the-money call options on the Nifty and the Bank Nifty index jumped more than 50 times on Friday
Prices at Delhi market is trading Bajra at Rs 1,870 per quintal
Majority of the trouble-hit companies ended the day in the red, even as investors lapped up shares across the board
Nonetheless, lower tax rates mean a direct push to earnings and so to their return ratios, and hence more room for valuation re-rating
Foreign portfolio investors withdrew a net amount of Rs 5,577.99 crore from equities while infusing Rs 1,384.81 crore into the debt segment
Employment support led by new investments made by domestic manufacturers is expected, as all corporate entities are eligible for lower taxes
Banking, auto shares gain the most; 5 stocks account for 68% of Sensex gains
The announcement comes a month after the surcharge on income earned from equities and derivatives was scrapped
State-owned life insurance giant deemed trading member; may have to divest holding to below 5 per cent
All that happened in markets today.
It has been a choppy week for oil prices that surged past the $70 a barrel mark after the largest-ever disruption of crude production in Saudi Arabia amid drone attacks on its key facilities.
NSE, BSE indexes close up 5.32% each; 43 out of 50 stocks on Nifty 50 post gains
Indices post biggest 1-day gain in 10 yrs. Sensex up 1,921 pts; Nifty up 569 points
The stock slipped 13 per cent to Rs 41 and was trading close to its 52-week low of Rs 37 touched on August 23, 2019.
10-year yield rises to 6.82% at 12:35 p.m. from yesterday's close of 6.64%; rupee gains 34 paise to trade at 70.98 a dollar
Tax on domestic companies will be slashed to 22 per cent from 30 per cent, Finance Minister Nirmala Sitharaman said Friday
Among the sectors, analysts expect banking, fast moving consumer goods (FMCG), consumer durables, and auto companies to be the major beneficiaries.
The rupee also rallied 66 paise to 70.68 against the US dollar on announcements made by the finance minister
Eicher Motors and Maruti Suzuki India surged 16 per cent and 11 per cent, respectively in the intra-day trade today. Among the cement stocks, Shree Cement surged 14 per cent.
Investors' sentiment dented after reports suggested that the court order could impact the group's future monetisation plans in Zee Entertainment.