Yes Bank was the top performer in the Sensex pack, surging 8.26 per cent, after the private lender reported a 29 per cent rise in its net profit
The broader Nifty also succumbed to the pressure before recovering to close lower by 6.35 points, or 0.07 per cent at 8,693.05
S.Kumars chief Nitin Kasliwal is charged with non-performance by company shareholders in the recently help AGM of the company.
Trading volumes in the currency segment today fell nearly 50 per cent and 40 per cent on the National Stock Exchange (NSE) and the MCX-SX, respectively. This followed a levy of stamp duty by the Delhi government on proprietary trades, say market players. Brokers say the consequence of this will also be felt in equity and commodity segments, as Delhi-based jobbers and arbitrageurs will be hit.
If the company is profitable or pays dividends, it makes sense to retain stock
Making a weak opening, shares of FTIL further tanked 45 per cent to Rs 105.5 -- its fresh 52-week low on the BSE.
Official sources say scrutiny of returns filed by companies, brokers and individuals active in the stock markets and in possession of shares revealed wide use of this mechanism to evade tax.
"Because of the technical problems being faced by trading members in trade confirmation, it has been decided to close the market at BSE from 12 noon to 1 pm on November 1, 2010," the BSE said.
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Trading activities of 26 entities, including Gitanjali Gems promoter Mehul Choksi and firms linked to Prime Broking, were suspended on Thursday by market regulator Sebi and the bourses, as part of a probe into suspected market manipulations.
The shares - close to 30% of the total holding - are expected to list on rival National Stock Exchange on or around February 3.
The 50-issue NSE Nifty too cracked below the 10,400-mark and hit a low of 10,323.90 before finishing 99.50 points, or 0.95 per cent down at 10,358.85.
Investors were seen in a cheerful mood and widened their positions in frontliners as well as midcap and smallcap stocks to mark the beginning of their new accounts
Whether you give stocks held for more/less than a year, benefits are nominal; donating cash is better.
A market correction is a good time to reassess the quality of your portfolio and purge the poor quality names from it, says Ramesh Bukka
The majority of global equity trading and a significant proportion of trading in bonds, currencies, commodities and derivatives, is done on electronic platforms
'While renegotiating the deal, it is likely that Anil Ambani could ask for a huge compensation from RIL to satisfy the ADAG firms' shareholders, a broker closer to the Ambanis said.
'By entering at an early age, they stand a better chance of developing into skilled investors.'
The BJP legislature party in Karnataka will meet in Bangalore on Wednesday for the first time after the party's central leadership brokered peace between Chief Minister B S Yeddyurappa and dissidents recently.
The wider NSE Nifty too fell by 20.15 points or 0.19 per cent to end at 10,749.75.
In yet another step to attract foreign money, the Reserve Bank of India (RBI) has allowed non-resident investors to acquire shares of listed Indian companies through stock exchanges under the foreign direct investment (FDI) scheme.
Given the very fluid state of national politics where a party can emphatically say diametrically different things at different times, it is hard to understand the basis on which brokers made this judgment.
Sentiments remained upbeat for yet another session following healthy gains across Asian and a higher opening at European markets
The Securities and Exchange Board of India (Sebi) on Wednesday said short-selling and securities lending and borrowing will be operationalised from April 21.Short-selling refers to the practice of selling a stock which the seller does not own at the time of trade with the hope of buying it back at a lower price.
It pegs the value of these companies at Rs 2 lakh crore (Rs 2 trillion).
Sellers of financial products know how to play with your emotions. That's the reason you end up buying a financial product that you shouldn't.
The Bombay Stock Exchange's journey from being a brokers' club to becoming a professionally managed entity seems to have got derailed once again, with a spate of resignations in the past three months.
More than 30 entities, including brokers and high net worth individuals, have come under the scanner of market watchdog Sebi for unusual trading activities on the day of Lok Sabha election results.
The benchmark Sensex gained 4,642.84 points, or 16.%, while the broader NSE Nifty surged 1,572.85 points, or 18.20% during this period.
Brokers hope of a stable government after elections and signs of economy returning to growth path.
Scams happen with high regularity because the price of getting caught is insignificant. Aggrieved investors run from the police to already clogged courts to find redress for issues for which financial regulators have been specifically set up. For over 3,750 years we have known what to do, but we don't do it, observes Debashis Basu.
Market regulator is trying to build a large team of software experts for efficient monitoring and surveillance
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