Under the Goods and Services Tax (GST) regime, the number of companies listed in BSE are expected to go up to more than 10,000 in the next ten years from the present 5,500 companies, a stock exchange official said.
Markets regulator Sebi decided to further relax in norms for REITs and InvITs in a bid to make these instruments more attractive for raising capital.
To make it easier for foreign fund managers keen to relocate to India, markets regulator Sebi decided to allow them to act as Portfolio Managers under a relaxed regulatory regime.
Markets ended Friday's session on a lackluster note with Nifty closing below its crucial psychological level of 8,850. Jay Thakkar, technical analyst with Sharekhan, shared his trading strategies on a few stocks.
Global investors pulled $7.4 billion from equity funds in the week to Wednesday, the largest outflow in around three months, as uncertainty over U.S. and Japanese monetary policy unnerved stocks, Bank of America Merrill Lynch (BAML) said.
Market heavyweight Reliance Industries closed above its crucial level of Rs 1,100 after a gap of more than two years.
Sensex and Nifty traded flat on Friday, taking a pause after the U.S. Federal Reserve's decision to stand pat on interest rates sparked a rally in the previous session, but indexes were still headed for a weekly gain.
Shares of Lincoln Pharmaceuticals surged nearly 5 per cent today after the company launched Ondansetron oral spray, used for treatment of nausea and vomiting caused by surgery or cancer drugs, in India.
L&T Technology Services had mopped up nearly Rs 900 crore through its initial public offer (IPO), which ended on September 15. The IPO failed to attract huge investor interest as compared to previous issues like RBL Bank, Dilip Buildcon and Advanced Enzyme. The issue was subscribed 2.5 times.
Markets staged a good rally in trades on Thursday wherein Nifty broke above its crucial psychological level of 8,850 after consolidating in the previous two sessions. Ruchit Jain, equity technical analyst with Angel Broking, shared his trading strategies on a few stocks.
The BSE Sensex and the Nifty are likely to open with minor gains on Friday as indicated by futures trade of Nifty on the Singapore Exchange, which was up 11 points (or 0.12 per cent) at 8,890 as of 7.45 a.m..
The Dow Jones industrial average rose 98.76 points, or 0.54 percent, to 18,392.46, the S&P 500 gained 14.06 points, or 0.65 percent, to 2,177.18 and the Nasdaq Composite added 44.34 points, or 0.84 percent, to 5,339.52.
MSCI's broadest index of Asia-Pacific shares outside Japan was steady and within sight of its highest levels since July 2015 that it hit in early September.
Bharat Financial Inclusion on Thursday said the company will raise Rs 750 crore through a qualified institutional placement (QIP) offer.