|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.