Live
- Mega brother’s mother Anjana Devi unveils promising teaser of RK Sagar’s ‘The 100’
- "Vasupalli Ganesh Inaugurates 33rd Ward YCP Party Office
- ‘Family Star’ heads to OTT: This Vijay Deverakonda starrer makes digital debut
- Tamannaah Bhatia join the sets of ‘Odela 2’
- Swift CID investigation to ensure severe punishment to the accused: CM
- Mysore hotels offer discounts, freebies to boost voter turnout
- Did Rashmika Mandanna Double Her Paycheque?
- BJP needs only 399 more seats to reach 400 mark says Gujarat CM M Bhupendrabhai Patel
- OnePlus 8 and 8 Pro Conclude Software Update Cycle: Find Details
- Google Integrates Keep Reminders into Tasks for Enhanced Productivity
Securities and Exchange Board of India (Sebi) measures bolster Sensex to new peak
The stock market flagship Sensex on Tuesday rallied 239 points to hit an all-time high of of 31,522.87, lapping up a series of market-friendly measures taken by the Securities and Exchange Board of India (Sebi). However, Sensex surrendered most of the gains at the fag-end of the session as bouts of sell-off gained pace amid weak oil prices in international markets.
Nifty inches down; profit booking pare early gains; Rupee, oil add to pressure
Mumbai : The stock market flagship Sensex on Tuesday rallied 239 points to hit an all-time high of of 31,522.87, lapping up a series of market-friendly measures taken by the Securities and Exchange Board of India (Sebi). However, Sensex surrendered most of the gains at the fag-end of the session as bouts of sell-off gained pace amid weak oil prices in international markets.
The gauge had lost 27.93 points in the previous two sessions. The wider NSE Nifty, however, ended down 3.60 points, or 0.04 per cent, at 9,630 points.On Wednesday, the regulator Sebi relaxed entry norms for overseas investors, rationalised ‘fit and proper’ criteria as also simplified other requirements.
The watchdog also decided to expand eligible jurisdiction for grant of FPI registration by including countries with diplomatic tie-ups with India. Covering-up of short positions helped lift the indices too. A mixed trend prevailed at other Asian bourses. Among a host of key decisions, Sebi eased its takeover norms for restructuring listed companies with stressed assets, a move that is expected to bolster efforts for bad loan resolution.
However, emergence of profit-booking by participants at record levels forced the Sensex to give up initial gains to slip into the negative territory and touched a low of 31,255.63 points. “Indian markets started the day on a positive note and traded with momentum through the day.
However, a bout of profit booking in late afternoon trade pulled indices lower to finally close the day near the flat line,” Karthikraj Lakshmanan, Senior Fund Manager – Equities, BNP Paribas Mutual Fund said.
Yesterday, regulator Sebi relaxed entry norms for overseas investors, rationalised 'fit and proper' criteria as also simplified other requirements.
