The Finance Ministry has given its consent to the EPFO to invest from 5 per cent to 15 per cent of the investable income of the organisation every year.
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Instead of being carried away by Friday's historic election verdict, savvy investors were seen taking money off the table, after the benchmark Sensex rallied about 1,500 points in intra-day trade.
Sensex ended strong, Tata Steel, HUL climb higher.
Tata Steel was the top gainer in the Sensex pack, zooming 7.57 per cent, followed by Sun Pharma, IndusInd Bank, L&T, ITC and HCL Tech.
Ends the August F&O series on a high tracking gains in RIL, HDFC and ITC.
In recent past, midcap stocks have performed well, say experts.
While gold returned 12 per cent annual gain in 10 years, Nifty didn't exceed 9 per cent.
Market regulator Sebi on Tuesday said foreign investors from Mauritius will continue to be eligible for FPI registration with increased monitoring as per international norms. The announcement comes after the tax haven was put on the "grey list" of Financial Action Task Force (FATF) -- an inter-governmental policy making body that sets anti-money laundering standards.
Sensex hit a record high of 27,225.85 and Nifty hit a record high of 8,141.90 in the intra-day trades today.
Indian markets rose 19 per cent in the first half of this financial year, the best performance by any market during this period, globally.
Interest rate sensitive stocks gain ground post decision
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Markets ended tad lower with financials declining the most ahead of RBI policy review tomorrow.
NTPC, Sun Pharma Coal India and Asian Paints were among top losers on BSE Sensex
Capital goods shares continued to trade firm in late noon despite weak market trend on the back of encouraging core sector growth in February.
The top gainers on the Sensex are Gail(India), HDFC, Infosys.
Big bull's holdings cross Rs 7,200 crore (Rs 72 billion).
The global economy is fragile now. It continues to face both long-term and short-term issues.
The Indian indices also offer one of the lowest dividend yields.
Nifty snaps 10-day winning streak
The Sensex has slid 18.5 per cent from its January 2015 peak.
D-Street is hoping RBI policy review meeting on Tuesday will uphold its stand on easing of interest rates
The market players are expected to react to the better than expected factory output data for the month of August, which revealed that the industrial production grew by 6.4%.
Gains were led by index heavyweights with Reliance Industries contributing the most.
Markets taking cue on future rate cuts from RBI policy.
Other Sensex gainers were Infosys, Wipro, ICICI Bank, Hero MotoCorp, L&T, Axis Bank,, Tata Steel, HDFC and Cipla.
Sentiments were also bearish largely in tandem with a sell-off in global markets as US Treasury yields surged to multi-year highs on robust economic data and comments from the Federal Reserve, sparking fears of accelerating inflation, brokers said.
BSE Mid-cap index ended at a record closing high of 10499.86 and CNX Mid-cap index ended at a record closing high of 12672.85 levels.
The bank was worth over Rs 80,000 crore as recently as September 2017. The lender had grown at breakneck speed, helped perhaps by Rana Kapoor's reputation as a banker, willing to aggressively write checks.
Dilip Bhat, joint managing director of the Prabhudas Lilladher group, a financial products agency, talks to Business Standard about the market rally ahead of the elections.
The 30-share Sensex closed at 27,112 up by 481 points whereas the Nifty ended higher by 139 points at 8,115.
The mutual fund (MF) industry had an action-packed 2023 as it tackled the scrapping of tax benefits for debt fund investors and surging flows into equity funds.
Valuations are much higher than the consensus earnings expectations warrant and also much too high in historical terms, says Devangshu Datta.
Above normal monsoon forecast and strength in Asian equities lifted sentiments.
Gains were led by Tata Motors amid robust sales in June along with select financials.
In the broader market, the BSE Midcap was down 0.2%, while BSE Smallcap fell 0.1%.
The Sensex has hit its lowest level since August 29, 2016 whereas the Nifty hit its lowest level since Sep 12, 2016
The Indian equity market valuation has been moving in tandem with the US 10-year treasury yield. While the benchmark US bond yield has witnessed a nearly 70 basis point decline since the end of October this year, dropping from 4.93 per cent to 4.23 per cent on Friday, the Sensex earnings yield has slipped by nearly 45 basis points - from 4.5 per cent to 4.05 per cent. Previously, Indian equities' earnings yields rose in sync with the US bond yields.
ICICI Bank was the top laggard in the Sensex pack, sinking over 10 per cent, followed by Bajaj Finance, HDFC, IndusInd Bank, Axis Bank and Maruti. Bharti Airtel and Sun Pharma were the gainers in the BSE index. NSE Nifty suffered a heavy loss of 566.40 points, or 5.74 per cent, to settle at 9,293.50.
