The Centre is likely to exempt foreign portfolio investors from an increase in taxes that was part of the Union Budget approved by Parliament but heavily criticised, a government official said
A 35-basis point (bps) rate cut by the Reserve Bank of India (RBI) failed to lift the investor sentiment on Wednesday as the benchmark indices ended in the red.
All that happened in markets today
DHFL rallied as much as 40 per cent in the intra-day trade after the cash-strapped company finalised and placed a resolution plan to its lenders on Tuesday
All that happened in markets today
The Narendra Modi government on Monday moved to scrap provisions under Article 370 of the Indian Constitution, which grants a special status to the state of Jammu & Kashmir in the Union of India.
Nifty auto, metal, PSU bank, realty, private bank, and financial services indices ended between 1.4 to 2% lower. NIfty IT index settled 0.63% higher.
Sectorally, metals slipped the most as risks to global economy increased after US President Donald Trump imposed fresh tariffs Chinese imports
Sectorally, metals slipped the most as risks to global economy increased after US President Donald Trump imposed fresh tariffs Chinese imports
Indices inched higher on reports that the PMO took stock of the steep sell-off being witnessed in the market since the presentation of the Union Budget 2019-20
Sectorally, all the indices ended in the red, barring the Nifty Auto index. Nifty Metal index slipped the most, ending the day with a cut of over 3 per cent
In the broader market, the S&P BSE Mid-cap slipped 117 points, or 0.86 per cent, to end at 13,526 level while the S&P BSE Small-cap settled at 12,552 level, down 140 points, or 1.1 per cent.
The benchmark BSE S&P Sensex and broader Nifty50 gained nearly 450 points and 146 points respectively from lows to end in the green on Wednesday
Weak corporate earnings, economic slowdown and tax issues continued to weigh down investment sentiment.
Shares of Coffee Day Enterprises plunged 20 per cent to hit the lower circuit limit of Rs 154.05 on the BSE in the opening deals on Tuesday
The Sensex and Nifty50 touched an intra-day low of 37,359 and 11,073 respectively.
Nifty Auto index was the worst performing index, closing over 3.6 per cent lower
Shares of automobile manufacturers crashed at the bourses on Monday after reports said that the government intended to hike registration and renewal charges for internal combustion vehicles
Maruti Suzuki reported a consolidated net profit of Rs 1,376.8 crore for June quarter as compared to Rs 2,015.1 crore from the same period previous year
In the broader market, S&P BSE MidCap ended 73 points, or 0.53 per cent, higher at 13,856 levels while the S&P BSE SmallCap closed 29 points, or 0.22 per cent, higher at 13,060 levels.