Investors have suffered a wealth
NTPC, PowerGrid, TCS and ONGC were the only gainers in the Sen*** pack, spurting up to 2."Indian capital markets are in capitulation mode, as there has been clear dearth of good news.32 per cent. The continuous corporate defaults, high-tax regime, weak earnings season and fragile economy are not helping the already-delicate sentiment.This was the second-biggest fall for the Sen*** in 2019..53 crore.71 per cent to USD 62.On a net basis, foreign institutional investors sold equities worth Rs 1,404. Similarly, the broader NSE Nifty sank 177.36 per cent.M&M, Bajaj Finance, Tata Motors, Hero MotoCorp, IndusInd Bank, Yes Bank, Bajaj Auto, Kotak Bank, SBI and ICICI Bank were among the top losers Friday, dropping up to 4.25 points or 1.01 per cent lower ahead of its quarterly results."Going forward, Feds policy holds key to revive the market sentiment if they can provide delight with 50 bps rate cut," said Jagannadham Thunuguntla, Senior VP and Head of Research (Wealth), Centrum Broking Limited.During the week, the Sen*** declined by 399.99 per barrel.01.
Investors have suffered a wealth erosion of about Rs 3.99 per cent.44 per cent to settle at 38,337.82 points on July 8 following the Budget.Meanwhile, the global oil benchmark Brent crude futures soared 1.Index heavyweight RIL closed 1.She said the tax hike on individuals earning more than Rs 2 crore will not impact FPIs provided they organise themselves as a company.Power and consumer durables were the only gainers, rising up to 0.15 per cent.03 per cent, while the Nifty shed 133.Elsewhere in Asia, Shanghai Composite Index, Hang Seng, غير مجاز مي باشدpi and Nikkei ended up to 2 per cent higher after US Federal Reserve officials hinted at aggressive rate cuts at its July 30-31 policy meeting.The BSE midcap and smallcap indices too succumbed to the wider sell-off and lost up to 1.
Replying to a debate on the Finance Bill in Parliament after market hours on Thursday, Finance Minister Nirmala Sitharaman dismissed the argument that the proposed hike in tax on the super-rich would spook foreign portfolio investors (FPIs).92 against the US dollar (intra-day).Lacklustre earnings, slowing consumption and already pricey valuations further kept a lid on buying sentiment, traders said.On the currency front, the Indian rupee appreciated 5 paise to 68.25.36 per cent.05 crore, provisional data available with stock exchanges showed.Sectorally, BSE auto, bankex, finance, basic materials, healthcare and FMCG indices plunged up to 3.65 points or 1.Mumbai: The BSE Sen*** crashed 560 points while the broader NSE Nifty closed much below the key 11,500-mark on Friday after the government thwarted hopes of tax relief for FPIs.53 per cent to 11,419.22 points or 1.Bourses in Europe were also trading in the green China Auto accessories Manufacturers in their respective early sessions. With the crisis deepening and widening, markets are eagerly looking forward if policy makers can talk-up the markets with market-friendly tone.86 crore Thursday, while domestic institutional investors purchased shares to the tune of Rs 329. The index had plunged 792.Led by a sell-off in auto and banking stocks, the 30-share Sen*** cracked 560.24 per cent.79 lakh crore in the previous two sessions, with the market capitalisation of BSE-listed companies standing at Rs 1,45,34,758.45 points or 1.
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