The government on Thursday cut the windfall profit tax on crude oil produced in the country and on exports of diesel in line with softening international oil prices. The tax, levied in the form of Special Additional Excise Duty or SAED, on domestically produced crude oil has been reduced to Rs 6,300 per tonne from […]
Share Market Highlights: Nifty settled below 19750, Sensex below 65,800; Bank Nifty plunged more than 1%
Share Market News Today | Sensex, Nifty, Share Prices Highlights: The benchmark equity indices closed Friday’s trading session in the negative territory. The NSE Nifty 50 dipped 33.40 points or 0.17% to settle at 19,731.80, while the BSE Sensex dropped 187.75 points or 0.28% to 65,794.73. The broader indices ended largely in mixed, with gains [&hel
Sebi mulling framework for issuance of subordinate units by REITs, InvITs to sponsors
Capital markets regulator Sebi is looking to come out with a framework for the issuance of subordinate units by REITs and InvITs to sponsors and their associates.Additionally, the regulator has proposed a framework for unit-based employee benefits (UBEB) in the context of REITs (real estate investment trusts) and InvITs (infrastructure investment t
Tata Tech’s Rs 3,042.5 cr IPO subscribed 14.85 times day two of subscription
The initial public offer of Tata Technologies, which provides engineering and product development digital services, was subscribed 14.85 times on the second day of subscription on Thursday. This is the first company from the Tata Group to float an Initial Public Offer (IPO) in nearly two decades. Tata Consultancy Services was the last IPO from [&he
Markets ends higher; Nifty closes near 21,000 top gainers on December 11 include UltraTech Cement, UPL, Adani Enterprises whereas Media and Metal stocks among key losers
The benchmark equity indices ended Monday’s trading session in the positive territory. The NSE Nifty 50 gained 27.70 points or 0.13% to settle at 20,997.10, while the BSE Sensex jumped 102.93 points or 0.15% to 69,928.53. Bank Nifty index ended slight higher by 52.25 points or 0.06% to settle at 47,314.25. The broader indices ended […]
Global trends, inflation data to guide market movement in holiday-shortened week: Analysts
Equity markets would take cues from domestic inflation data announcement, global trends and trading activity of foreign investors in a holiday-shortened week ahead, analysts said. Markets would remain closed on Tuesday for ‘Diwali Balipratipada’. Stock exchanges will conduct a special muhurat trading session on the occasion of Diwali on November 12
Private capex – Are animal spirits back?
– By HDFC Asset Management Company Limited Investments in fixed assets by listed private manufacturing companies stood at Rs 8.1 lakh crore on a trailing 12-month basis as of September 2023, increasing by 17 per cent over September 2022 levels. This rise has been primarily driven by key industries such as energy, automotive and industrials. [&helli
RBL Bank board to have no RBI-appointed director as Yogesh Dayal’s two-year term ends
The board of RBL Bank will no longer have a Reserve Bank of India representative, as the the two-year term of the central-bank appointed additional director Yogesh Dayal has ended. In a communication to exchanges on Sunday, the city-based private sector lender said Dayal’s term as an additional director has ended on December 23. According […
FPIs selling spree continues; pull out Rs 5,800 cr from equities in November
Foreign Portfolio Investors (FPIs) selling spree continued as they dumped Indian equity worth over Rs 5,800 crore this month so far on rising interest rates and geopolitical tensions in the Middle East. This came after such investors withdrew Rs 24,548 crore in October and Rs 14,767 crore in September, data with the depositories showed. Before [&he
Historic day for markets: BSE-listed companies surpass $4 trillion market capitalization
The Indian markets reached a historic milestone by crossing the $4 trillion market cap threshold on Wednesday. The market value of all BSE-listed companies has soared to a record high of Rs 333 trillion, equivalent to $4 trillion. Since April 1, India’s market cap has surged by 27%. Notably, the market cap of the top […]