Equity markets provisionally closed in the negative territory on the back of huge sell-off across all sectors led by oil and gas, metals, energy, auto and banking stocks.
The BSE Sensex provisionally closed on a flat-to-negative note after a huge sell-off in stocks of IT major Tata Consultancy Services (TCS) pulled the index lower.
Equity markets fell further during the mid-afternoon trade session with the barometer Sensex of the BSE tumbling over 700 points and the Nifty50 over 200 points.
The barometer Sensex of the BSE tumbled over 500 points following negative global cues and disappointment post Budget announcements on LTCG tax reintroduction.
The barometer Sensex of the BSE plunged almost 500 points as the re-introduction of LTCG tax for investing in equities infused huge volatility in the market.
Key Indian equity indices opened in the negative territory on February 2.
Concerned over SGX plan to launch single future stocks of Nifty 50 companies, Limaye said the move will shift liquidity out of Indian markets.
Economic reforms, coupled with political stability and prospects of higher growth led market participants to bet "big and long" on the Indian equity markets in 2017.
The key indices of the Indian equity markets traded on a flat note with marginal losses during the mid-afternoon session.
Snapping a three-day losing streak, key Indian equity indices traded in the green, with the BSE Sensex surging almost 300 points during the mid-afternoon session.
Steel Ministry To Announce Scrap Policy This Year
Draft Scrappage Policy Allows Benefits For Vehicles Older Than 20 Yrs
Steel Secy Arun Sharma Says Policy Will Be Out By December 2018
Scheme Will Come In Effect From April 2020
Telenor India Eyes Bankruptcy Filing, Merger Plan With Airtel May Take Hit
Legal Tussle Over Bank Guarantee Could Also Delay Govt Approval
Economic Times Reports
Lenders To Meet Today To Decide On Essar Steel
CoC May Give Time To Arcelor And Numetal To Rectify Bids
Business Standard Reports
IPO under SEBI scanner
SEBI has sought details of investment made by ICICI Prudential MF
Had to cut its IPO Size To Rs 3,520 Cr from original target of Rs 4,017 Cr
A large chunk was bought by ICICI MF
ICICI MF is ICICI Securities largest public shareholder with 3.82% stake
Board approves proposal for corporate restructuring
Move aimed at simplifying & clarifying structure & holdings
To focus on travel, forex, destination mgmt & portfolio investments
Restructuring will consolidate HR services into Quess Corp
Shareholders will receive 1,889 shares of Quess for every 10,000 Shares Held in Co