Investor wealth saw an erosion of Rs 1.86 lakh crore amid a massive sell-off in the broader market where the BSE benchmark index cracked 509.54 points.
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.
Sebi raised the exposure limit under exchange-traded currency derivatives trading for residents and FPIs to USD 100 million across all currency pairs involving the rupee.
Key Indian equity indices on Thursday provisionally closed in the negative territory with the Sensex dropping almost 200 points intra-day.
Key Indian equity indices, which traded in the negative territory during the day on the back of weak cues from the Asian markets and selling pressure.
Collective investment vehicles putting in their money through foreign portfolio investment route cannot have non-resident Indians as beneficial owners, according to Sebi.
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.
BSE Sensex spurted by 611 points to finish at one-week high of 33,917.94 following a relief rally in global markets on growing prospects of the US economy.
The BSE Sensex index surged over 500 points during the afternoon trade session, while the Nifty50 of the National Stock Exchange (NSE) traded over 150 points higher.
The Indian stock markets during the upcoming week are expected to take directions from domestic macro-economic data points slated to be released from March 12 onwards.
Provident Housing Ltd enters Goa with Adora de Goa an Integrated Resort distric
Project is expected to deliver a Sales Volume of close to Rs 1000 cr over the next 5 years
Group is entering into a management contract with The Park Hotels
Rare Enterprises Buys 3 Cr Shares At Rs 18.37/Sh
Attracts 26 bidders for 51% stake quoting bids between Rs 8000-10,000 Cr
Firms such as ITC, Patanjali Ayurved, Emami Group and Aion Cap are among the bidders
Bidders are bullish on the sector after Govt raise import duties on certain vegetable oils
The govt announced in the budget a hike in import duty to 30-35%
TPG Cap and Manipal Health are eyeing controlling stake in the co
Likely to lead to 2 simultaneous open offers leasing to premium offers to attract investors
Will have to buy at least 26% stake through Voluntary open offer as part of takeover code
A 26% shareholding will automatically trigger the mandatory open offer for additional 20%
Business Standard Reports
TRAI issues show-cause notice to co
Seeks details of non-transparent, discriminatory tariffs to consumers
Have to respond till Mar 25
Action to depend on if tariff reported to regulator or not
Notice first one after TRAI issued tariff order on predatory pricing
Economic Times Reports