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Tag: Foreign Portfolio Investors

Sensex Drops Over 150 Pts, Nifty Slips Below 11,300

Mumbai: Equity benchmark BSE Sensex dropped over 150 points on Thursday tracking losses in banking stocks amid unabated foreign fund outflow. The 30-share index was trading 170.98 points, or 0.45 per cent, lower at 38,006.97 at 0930 hours. Similarly, the broader NSE Nifty fell 48.60 points, or 0.43 per cent, to 11,264.70. Top losers in […]

Sensex Rallies 396 Pts On F&O Expiry, Firm Global Cues

Mumbai: Market benchmark BSE Sensex zoomed 396 points on Thursday, driven by gains in index heavyweights ICICI Bank, RIL, L&T and Maruti as September series derivatives expired amid positive cues from global markets. After rallying 565 points during the day, the 30-share Sensex ended 396.22 points, or 1.03 per cent, higher at 38,989.74. The broader […]

Sensex Zooms Over 1,600 Pts On FM's Tax Booster

Mumbai: Domestic equity benchmark BSE Sensex skyrocketed over 1600 points in morning session on Friday after Finance Minister Nirmala Sitharaman announced a slew of measures to revive the ailing economy. In a major booster to the market, the government has decided to not levy the enhanced surcharge introduced in the Budget on capital gain arising […]

Sensex Slumps 470 Points, Yes Bank Down 15%

New Delhi: The key Indian equity indices slumped over 1 per cent on Thursday with the BSE Sensex closing 470 points lower, owing to heavy selling in oil, metal and IT stocks amidst mixed global cues. Selling acitivity was witnessed across sectors and the key indices remained in the red throughout the day. Stock-wise, Yes […]

Sensex Rises Over 150 Pts Ahead Of Key Macro Data Releases

Mumbai: Domestic equity benchmark BSE Sensex advanced 150 points in early session on Thursday, driven by gains in banking, metal and energy stocks, ahead of key macroeconomic data releases. After touching a high of 37,421.13, the 30-share index was trading 129.68 points, or 0.35 per cent, higher at 37,400.50 at 0940 hours, while the broader […]

Sensex jumps over 200 pts; Nifty reclaims 11,000

Mumbai: Domestic equity benchmark BSE Sensex jumped over 200 points and the Nifty reclaimed the 11,000 level in early trade on Friday led by gains in financial and energy stocks amid positive global cues. The 30-share index was trading 205.70 points, or 0.55 per cent, higher at 37,274.63 at 0930 hours, while the broader Nifty […]

Stimulus booster help equities log best day in over 3 months

Mumbai: Benchmark stock indices Sensex and Nifty saw their best day in over three months on Monday, buoyed by the government move to withdraw additional surcharge on foreign investors and initiate measures to revive the economy. The BSE gauge Sensex settled with a gain of 2.16 per cent or 792.96 points; while the NSE Nifty […]

Govt Rolls Back Surcharge On FPIs To Check Capital Outflow

New Delhi: With an aim to check the massive outflow of foreign portfolio investment since the Budget, the government on Friday withdrew the surcharge levied on them. As a result, the tax incidence for foreign portfolio investors (FPIs) will come down by 4-7 per cent removing the anomaly created in the Budget. The move will […]

Sensex, Nifty flat ahead of MPC results

Mumbai: Sensex and Nifty on Wednesday traded on a flat note ahead of the Reserve Bank of India (RBI) policy rates announcement later in the day. The RBI is widely expected to go for a 25 basis points rate cut amid a widespread slowdown in the Indian economy. Except for metal stocks most other sectoral […]

SEBI invites public comments on KYC norms for FPIs

Mumbai: Market regulator Securities and Exchange Board of India (SEBI) on Saturday called for public comments over its panel’s recommendations on “Know Your Client (KYC) Requirements for Foreign Portfolio Investors”. The recommendations have been made by SEBI’s working group that was set up to look into the concerns raised by the overseas Indian investor community. […]

SEBI sets new norms for mutual funds managing offshore assets

Mumbai: Markets regulator SEBI yesterday simplified norms for domestic mutual funds to manage offshore pooled assets, dropping its “20-25 rule” which requires a minimum of 20 investors and a cap of 25 percent on investment by an individual, for funds from low-risk foreign investors. In a notification saying the new regulations would be called the […]