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.
Key Indian equity indices scaled fresh highs during the mid-afternoon trade session due to broadly positive global cues along with a strong rupee and healthy buying.
Scrips of Infosys plummeted almost 10%, losing around Rs 29,000 cr in terms of market capital, post the resignation of Vishal Sikka.
Joint venture partner is exploring stake in Max Healthcare
Life Healthcare Group Holdings Ltd Has Initiated Preliminary Discussions With Max India, Company‘s Joint Venture Partner In Max Healthcare Institute
Talks Explore Possibility Of Max India Acquiring Life Healthcare‘S Equity Interest In Max Healthcare Institute Limited
Board approves amalgamation of Co with IDFC Bank Ltd
National Housing Bank has intimated that it has no objection for the amalgamation
Board approves purchase of entire shareholding held by Usha International
To pay a consideration of Rs 24.83cr which will be paid over 12 months
EROS INTERNATIONAL , RIL
In Pact with Eros India to Set-Up $150 Mn Fund to consolidate content
RIL, Through Unit, agreed to subscribe to 5% stake in NYSE Listed Eros
RIL, Co agreed to partner in india to jointly produce, consolidate content
Jyoti Deshpande to head RIL's Media & Entertainment Business