Reason for rejection hasn't been stated; deal among seven rejected transactions.
French banking major BNP Paribas is planning to sell its domestic retail broking unit, Sharekhan, according to news reports on Tuesday. The reports even named leading financial institutions as possible suitors. "We would not be able to comment on the mentioned queries at this time," said a company spokesperson in response to a query from Business Standard seeking clarification on the news item.
The Nifty ended at 5,318, up 22 points.
The last time these two indexes recorded a negative performance on a calendar year basis was in CY19.
Profits of domestic brokerages fell substantially in the quarter ended March 31, thanks to subdued participation of retail investors and continued increase in the share of the low-margin options segment in the overall market volume.
But trading through the route still a minuscule portion of total turnover
Can the poll outcome be a trigger for a meaningful correction?
Worries remain on earnings-valuations mismatch, global issues; resolution of the MAT row could be biggest positive trigger
Technical analyst will not be able to give contrary recommendations regarding a company
Progress of monsoon, investment trend by foreign investors and the movement of rupee against the dollar will also influence sentiment
While Reliance put up a good show, NTPC nosedived on the BSE on Monday.
Volatility is part and parcel of stock market.
The Nifty IT index, data shows, has outperformed the markets in each of the last four election years post the result. announcement.
Life insurers are launching these again. Invest if you are conservative.
While capital appreciation is better, paying regular dividend indicates that the company is making profits and is rewarding investors.
The winter session of Parliament will commence on November 26.
The 30-share Sensex ended up 1 point at 27,459 and the 50-share Nifty ended down 1 point at 8,341.
Notwithstanding the inflation pinch, analysts believe the Indian retail sector is on the 'cusp of accelerated earnings growth' as consumer sentiment and discretionary purchases bounce back from the Covid-19 pandemic. "The shift in consumer preference from the unorganised sector to the organised, coupled with uptick in domestic demand as people resume work from office, will cheer the Indian retail sector," says Nishit Master, portfolio manager, Axis Securities. Shopping malls are witnessing increased footfall in lower tier towns and standalone stores as consumption picks up and mobility improves.
IT majors weakened ahead of the September US jobs data and telecom stocks ended lower
Raghuram Rajan's decision to go back to academics might spell short term negativity for the stock, currency and bond markets.
The surge in the stock market has failed to stem the trend of small-sized brokers shutting operations.
Rise in investor sentiment, return of risk appetite aid shares across the board
However, investors have turned cautious over the likelihood of Britain leaving the European Union.
The BSE IT sector, however, failed to snap a three-day losing streak and closed around 0.14 per cent lower.
The top losers from the Sensex pack are ONGC, Coal India, Vedanta, Reliance Inds and L&T.
In the broader markets, the BSE Midcap and Smallcap indices extended gains and were up over 1% each
Banks stocks continued to trade weak along with FMCG major ITC.
Financials were the top losers while oil shares also declined amid weak crude oil prices.
Overall market benchmark Sensex is headed for its worst performance in four years with a decline of 1,650 points
On the 30-share index, Maruti was the biggest loser, shedding 3.60 per cent. Other major laggards were Yes Bank, IndusInd Bank, Tata Steel, Hero MotoCorp and NTPC -- ending up to 2.33 per cent lower.
ICICI Bank extended yesterday gains, rising 10% in two trading sessions
Wiping off nearly Rs 4 lakh crore of investors' wealth during the day, benchmark Sensex crashed on Friday.
Analysts mostly prefer domestic plays beside select films with foreign exposure.
The 30-share Sensex ended 271 points higher to end at 28,930 and the 50-share Nifty climbed 76 points to close at 8,776.
An expectation of tax sops in Budget, weakness of dollar and robust tax collection are adding positive sentiment
Sensex is under pressure due to concerns in the global market.
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