Frenzied buying on the last day of the week helped the benchmark Sensex to snap its five weeks losing streak, thanks to clarification given by the finance minister on participatory notes, and to end modestly higher by over 42 points at 17,404.20.
Overseas investors have pumped in about
Rs. 8,381.10 crore ($1.68 billion) in the Indian equity market in the month of March, taking the calendar year to date total to a whopping
Rs. 43,950.70 crore ($8.89 billion).
Insurance professional Swapna Bhattacharya is always well turned out, whether at her Mumbai office or at social gatherings. Anita Sharan reports. Growth by design
The BSE benchmark Sensex on Monday gained over 80 points in early trade on continued buying by funds as well as retail investors.
The BSE benchmark Sensex today fell 136 points on funds selling ahead of settlement in the derivatives segment amid lingering fears of short-term capital gains tax on funds selling equities to foreign investors.
The BSE benchmark Sensex today recovered from two-month lows by adding 205 points on funds buying stocks at lower levels amid market reports of some clarifications on taxing foreign investors.
An up to $25 million initial public offering by state-run National Buildings Construction Corporation was subscribed nearly five times the shares on offer at the close of the issue today, the stock exchange data showed.
The Bombay Stock Exchange (BSE) today suspended trading in securities of 49 companies for non-compliances of various clauses of the listing agreement.
Broader markets were quiet with the BSE 500 index trading 0.25% up. The BSE midcap index was ruling 0.26% lower, while the BSE small cap index was flat.
The benchmark BSE Sensex on Monday fell 309 points, or 1.8%, to close at 17,053, a two-month low, on reports that the government was likely to levy short-term capital gains tax for derivative products sold to foreign investors. HT reports.
The BSE benchmark Sensex tumbled 184 points in late morning trade due to selling pressure on power, banking, realty, refinery and capital goods stocks amid weak Asian markets.
The BSE benchmark Sensex declined for the fifth consecutive week, slipping further by 104 points due to persistent selling pressure after not so encouraging union budget presented last Friday coupled with sharp fall in rupee value against the dollar.
It's not quite the Chinese way of doing things. But localization seems to be the mantra of the big Chinese firms setting shops with an eye on expanding Indian market.
Jayanth Jacob reports.
The Indian stock market, which has been volatile on account of the recent Budget 2012-13 proposals and lack of strong global cues, is likely to remain range-bound this week ahead of corporate earnings and RBI policy meet in mid-April, say experts.
In the past six months the 30-share sensitive index of the Bombay Stock Exchange — Sensex has been witnessing a 300 to 400 point swing — up or down — every fortnight.
HT reports.
Why this wild swing di?