Stocks-Markets-Economic Times
IT stocks buck the greatest bull run
Benefits of the tax cuts, stretching to 10 percentage points, would be greater for companies that largely generate their revenue at home and don't enjoy many operational exemptions.
Who invested in Axis Bank share sale?
A group of large foreign and domestic institutional investors have participated in the Axis Bank’s institutional qualified placement, which closed earlier in the day.
GST rate cut for hotel industry, no major relief for auto sector
In a bid to boost exports, rate on precious and semi-precious stones were also reduced.
Exemption from share buyback tax major relief to IT bigwigs
The government, as part of the Budget, had announced a 20 per cent tax on share buyback by listed companies.
Firms may save $1 billion from buyback tax exemption
More than 70 companies had announced or completed buybacks totaling $5.2 billion before July 5.
Sebi tightens rules for debt mutual funds
The new rule is aimed at improving risk management and ensuring sufficient liquidity.
Mechanism to prevent reversal trades not applicable to equity derivatives segment: BSE
BSE had introduced Reversal Trade Prevention Check (RTPC) in equity derivatives segment in 2016.
Wall Street edges higher on stimulus efforts, trade hopes
The S&P index recorded 14 new 52-week highs and no new low, while the Nasdaq recorded 17 new highs and 18 new lows.
Das says more rate cuts to depend on data
Das said the RBI doesn't have a specific view on what should be the real interest rates.
RIL replaces TCS as most valued company
Shares of RIL zoomed 6.42 per cent to close at Rs 1,254.40 in line with a strong broader market.
Cox & Kings defaults on payment of CPs worth Rs 30 crore
Shares of Cox & Kings closed at Rs 4.18 per scrip on the BSE, down 3.46 per cent from its previous close.
FPIs turn bullish on India, say tax cut eases worries over economy
The measure may spur more investors to buy Indian stocks, according to Citigroup Inc.
IIFL Securities shares rise 5 per cent on debut
The scrip opened the day at Rs 41.65 on the BSE.
After Market: Total m-cap jumps Rs 7 lakh crore; losses of entire year recovered in a day
The marked cap soared from 138 lakh crore on Thursday to Rs 145 lakh crore on Friday.
Tech View: Nifty50 breaks 50, 100, 200 DMAs in one stroke; may see profit taking
Friday's rally negated fears of Nifty testing its swing low of 10,637 anytime soon.
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