Live
- Banks report synchronised growth in credit, deposits
- PM Awas 2.0 launched
- Target Kohli’s body, his front pads to put him on back-foot: Healy’s advice to Oz quicks
- LIC accused of thrusting Hindi
- Will make Warangal a la Hyderabad
- Will showcase Indiramma Rajyam: CM
- HC orders attachment of Himachal Bhawan
- Plane from Vedic era, not Wright Brothers: UP Guv
- Trump fancies himself a skilled dealmaker, but ME peace might be beyond him
- Six Useful Strategies to Control Your Heart During the Pollution Season
Securities and Exchange Board of India (Sebi) measures bolster Sensex to new peak
The stock market flagship Sensex on Tuesday rallied 239 points to hit an all-time high of of 31,522.87, lapping up a series of market-friendly measures taken by the Securities and Exchange Board of India (Sebi). However, Sensex surrendered most of the gains at the fag-end of the session as bouts of sell-off gained pace amid weak oil prices in international markets.
Nifty inches down; profit booking pare early gains; Rupee, oil add to pressure
Mumbai : The stock market flagship Sensex on Tuesday rallied 239 points to hit an all-time high of of 31,522.87, lapping up a series of market-friendly measures taken by the Securities and Exchange Board of India (Sebi). However, Sensex surrendered most of the gains at the fag-end of the session as bouts of sell-off gained pace amid weak oil prices in international markets.
The gauge had lost 27.93 points in the previous two sessions. The wider NSE Nifty, however, ended down 3.60 points, or 0.04 per cent, at 9,630 points.On Wednesday, the regulator Sebi relaxed entry norms for overseas investors, rationalised ‘fit and proper’ criteria as also simplified other requirements.
The watchdog also decided to expand eligible jurisdiction for grant of FPI registration by including countries with diplomatic tie-ups with India. Covering-up of short positions helped lift the indices too. A mixed trend prevailed at other Asian bourses. Among a host of key decisions, Sebi eased its takeover norms for restructuring listed companies with stressed assets, a move that is expected to bolster efforts for bad loan resolution.
However, emergence of profit-booking by participants at record levels forced the Sensex to give up initial gains to slip into the negative territory and touched a low of 31,255.63 points. “Indian markets started the day on a positive note and traded with momentum through the day.
However, a bout of profit booking in late afternoon trade pulled indices lower to finally close the day near the flat line,” Karthikraj Lakshmanan, Senior Fund Manager – Equities, BNP Paribas Mutual Fund said.
Yesterday, regulator Sebi relaxed entry norms for overseas investors, rationalised 'fit and proper' criteria as also simplified other requirements.
