It is mystifying how the NSE, a near-monopoly, gets protection, as the February 24 episode shows, when it is competition and accountability that should be the regulatory objective, says Debashis Basu.
It will be difficult for the Indian equity to outperform overall growth to the extent bullish observers expect.
Most Asian currency and equity markets too suffered steep losses due to US rate hike fears.
Rupee hits new low at close against dollar.
Being a non-profit firm, Young Indian does not have a profit and loss account.
The 30-share Sensex and the 50-share Nifty ended flat at the mark of 27,403 and 8,248 respectively.
Pharma shares extended losses after the government's ban on combination drugs.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
Markets will be closed on Thursday and Friday on account of Holi and Good Friday, respectively.
Sensex closed 63.82 points higher at 26,851.05 in Muhurat trading; Nifty rises 18.65 points to end at 8,014.55.
The rupee on Thursday plummeted to an over three-month low of 63.32 by losing 50 paise against the US dollar.
The rupee has declined by 24 paise in four days of losses.
The benchmark Sensex conquered yet another milestone of 28,000 for the first time briefly before concluding at a new closing peak of 27,915.88, a rise of 55.50 points of 0.20 per cent.
The 50-share NSE Nifty too closed down 168.30 points, or 1.58 per cent, at 10,498.25 -- a level last seen on January 3 when it closed at 10,443.20.
BSE Realty index zoomed by almost 7% followed by counters like Metal, Oil & Gas, Auto, Banks, Auto, Healthcare and Power, all surging between 1-5%.
The rupee extended its fall for the fourth consecutive day by losing another 6 paise to hit a fresh one-month low of 62.31.
Markets ended lower following expiry of July F&O contracts and sales by foreign funds.
Weakness in Infosys, L&T and Hindalco cap index gains.
The 30-share Sensex ended down 224 points at 28,442 and the 50-share Nifty ended down 101 points at 8,606.
The 30-share Sensex ended up 140 points at 28,262 and the 50-share Nifty was up 37 points at 8,551.
Rupee retreats from 3-week high against dollar ahead of Budget.
Indian bankers are fearful that going out of their way to save Jet could lead to subsequent harassment from investigative agencies.
Mired in corruption, politics and with a history of suicides by its hapless depositors, PMC Bank's revival is a challenge very different from Yes Bank and LVB, both for the regulator and the rescuer, observes Tamal Bandyopadhyay.
Global cues lift Sensex 364 points; Nifty ends above 8,650.
Unlike RIL, the Adani group has not yet brought in any big stakeholders to refinance debt or expand.
Tax department sends notices saying they are liable to pay MAT.
Strong month-end demand for the US currency mainly from oil importers along with currency futures expiry related purchases predominantly weighed heavily on the forex market and haunted investor sentiment.
The Indian rupee resumed sharply lower at 66.65 per dollar against last Friday's level of 66.48.
Rupee ends day stronger against the dollar.
A massive outflows of foreign funds on the back of stricter participatory notes and renewed possibility of Fed lifting US interest rates largely impacted the domestic unit.
The Indian currency had appreciated by a whopping 85 paise in three-day surge
Shares of ING Vysya Bank and Kotak Mahindra Bank rallied by up to 6% on the BSE on reports that Kotak Mahindra Bank in final stages to buy the bank.
Assets that are on the block include loans, proprietary bond and equity investments.
If banks cannot charge interest from borrowers during the moratorium, who will bear that cost? Should the depositors subsidise the borrowers by foregoing interest on deposits? In that case, we will turn banking on its head! notes Tamal Bandyopadhyay.
Sensex closed the day 416 points higher.
Tata Steel, SBI, Infosys and L&T were among the top gainers for the day.
Market breadth was weak with 1,260 advances and 1,597 losers on the BSE.
IT exporters were the top gainers amid a weak rupee along with select index heavyweights.
With scrutiny that comes with a public listing, Deepinder Goyal's leadership could face its sternest test yet.
Buying stocks during bad times can lead to good returns.
