Foreign investors are subject to a 12.5% LTCG gains tax on listed shares and bonds held for more than 12 months, and a 20% withholding tax on interest earned from govt bonds The Centre said on Friday that it would exempt foreign institutional investors and the Bank for International Settlements from capital gains tax…
The ongoing conflict in the Middle East is adding financial pressure on India, a large importer of fuels whose circulation depends on the region Indian wind turbine maker Suzlon Energy Ltd. is widening its portfolio to build round-the-clock clean energy parks that combine solar, wind and batteries, addressing the growing need for dependable supplies…
According to experts, the 23,100–23,000 zone can act as immediate support for the Nifty 50. A decisive fall below this range could potentially drag the index towards 22,700 (the 78.6 percent Fibonacci retracement level). However, immediate resistance is seen at the 23,600–23,700 levels. The Nifty 50 recouped 254 points from the day’s low…
Amid the ₹14,261.41 crore sell-off, Sudeep Shah of SBI Securities believes that FIIs build-up short positions in index futures over the last three sessions, indicating increasing bearish bets. Foreign Institutional Investors (FIIs) have been aggressive sellers in the index futures segment in the last four trading sessions between May 26 and June 01, with their…
In the past one month, the Nifty Midcap 100 index outperformed the market by gaining 3.4 per cent, as compared to 0.1 per cent decline in the Nifty 50. Shares of midcap companies were in demand with the Nifty Midcap 100 index hitting a record high of 62,324.20, up nearly 1 per cent on the…
The May series marked a shift in “market character”, representing a transition from a short covering-led recovery to fresh positioning near higher levels India is likely to become a stock-pickers market in June as local money moves selectively into certain sectors while bearish bets by overseas investors limit broader gains, two brokerages said. The…
Domestic technology stocks saw significant gains on June 1, with all Nifty IT index constituents rising. Strong US software earnings and improved sentiment boosted confidence, reversing previous losses. Persistent Systems led with a 4% increase, while the Nifty IT index closed up 2.66%. Domestic technology stocks witnessed strong buying momentum in Monday’s trade on…
During the day, the Sensex touched a high of 76,559.07, up 1,144 points, or 1.5 per cent. Likewise, the Nifty 50 hit an intraday high of 24,054.45, up 335 points, or 1.41 per cent. Stock Market rally:Extending the gains for the second consecutive session, Indian equity benchmark indices Sensex and Nifty 50 traded sharply…
The global economy continued to be shadowed by uncertainties in West Asia, said an article on the state of the economy published in the May Bulletin The financial conditions, crude oil prices, and capital flows continue to pose challenges to the external sector outlook amid the West Asia conflict, Reserve Bank Bulletin said on…
Sebi proposes wider auction bands and stricter norms for IPOs and re-listed stocks to improve price discovery and curb distorted trading Market regulator Securities and Exchange Board of India (Sebi) has proposed changes to the price-discovery mechanism for initial public offerings (IPOs) and re-listed stocks during the pre-open call auction session. Under the proposed…