Gains from sale of stocks after one year were exempt from capital gains tax. Following the announcement, the benchmark BSE Sensex plunged over 400 points but recovered later.
The wider Nifty50 of the National Stock Exchange (NSE) closed above the 10,600-level for the first time at 10,616.85 points (at 3.30 pm) -- up 58 points and 0.55 per cent from its previous session's close.
Sensex climbed over 500 points to hit a life-time high of 33,117.33 in the opening trade, while Nifty scaled the historic 10,340.55 mark as bank stocks rallied after government's recapitalisation plan.
"As we move forward, we are talking of more equity. So, it needs to be regulated and managed in a transparent way," he said
Share markets opened on a flat note while bonds gained slightly despite the weaker-than-expected economic growth data released by the government, with investors still betting that conditions in the Indian economy will improve.
The key Indian equity indices closed at new highs yet again on Tuesday as sentiments remained upbeat on hopes of timely arrival of monsoon rains, and healthy buying was witnesses in healthcare, banking and automobile stocks.
The Cabinet Committee on Economic Affairs on Wednesday has given its green signal to go ahead with the listing of five public sector general insurance companies in the stock exchanges. Finance Minister Arun Jaitley said
Faced with a threat following reports of the government contemplating a complete ban on Foreign Direct Investment (FDI) into the tobacco sector, cigarette stocks today witnessed a massive selling spree, resulting in a fall of up to 17.4 per cent.
Mumbai: The benchmark BSE Sensex plunged 551 points and the NSE Nifty cracked the 8,361-mark on Monday amid concerns over stricter norms for participatory notes (P-notes) and slump in Chinese stock market.Markets plunged amid fears
Chennai: Gold prices on Monday slipped down to Rs.2,370/gram while the demand for the yellow metal has picked up."Gold prices has come down to Rs.2,370/gram (22 carat) from Saturday's rate of Rs.2,377/gram. However demand for
Mumbai: Growing investor participation in the securities market has helped revive the stock broking business in India, with most brokerages recording a growth of over 50-75 per cent in the last one year, experts say.
Mumbai: The benchmark BSE Sensex surged over 130 points in early trade today on the back of sustained foreign capital inflows after government eased FDI rules, and a firming trend at other Asian markets.The 30-share
New Delhi: The prospects of importing cheaper oil from Iran after it signed a nuclear deal with six world powers led by the US cheered Indian industry and the equity markets on Wednesday.This followed Tuesday's
Mumbai: A benchmark index of Indian equities markets, the 30-scrip Sensitive Index (Sensex), on Wednesday was trading at 127.06 points or 0.45 percent up during the morning session.The wider 50-scrip Nifty of the National Stock
Mumbai: The BSE benchmark Sensex lost its early surge trading lower by 8.74 points while the broader Nifty failed to hold on to 8,400-mark amid selling and caution ahead of key CPI numbers due today.
Mumbai : The benchmark Sensex rose over 100 points to trade above the 28,000 mark in early trade today as value-based buying in consumer durables, healthcare, power, capital goods and auto sectors took the recovery
Mumbai : The benchmark Sensex rose over 95 points in early trade today, extending gains for the third straight session, on sustained buying by funds and investors.A stronger global market driven by hopes of a
Mumbai : The benchmark Sensex jumped over 90 points in early trade on Wednesday, extending yesterday's gains, on the back of increased buying by participants as the country's infrastructure growth hit a 6-month high in May. Besides, a firming
Mumbai : The benchmark BSE Sensex rebounded over 117 points in early trade today, after two sessions of losses, on value-buying by investors in select blue-chips amid a recovery at Asian markets despite the ongoing
Mumbai : A benchmark index for Indian equities, the sensitive index (Sensex) of the Bombay Stock Exchange (BSE), on Monday opened higher and was trading at 27,485.75 points some 25 minutes after the opening bell.The
Top News
Latest News
