From hitting the 1,000-mark on July 25, 1990 to reaching the 60,000-mark for the first time on Friday, it has been a historic and memorable journey for the benchmark index Sensex. It has taken a little over 31 years for the Sensex to traverse from 1,000 level to the famed 60,000 level now. Over the years, the frontline index has climbed several record levels. The index had reached the 10,000-mark for the first time on February 6, 2006.
Equitymaster.com, one of India's leading independent research portals, has organised its first ever investor meet at Hotel Taj Land's End, Mumbai on June 18, 2005.
The government is expected to defer the mega initial public offering (IPO) of LIC to the next financial year as the ongoing Russia-Ukraine war has dampened fund managers' interest in the public issue, market experts said on Sunday. The government was looking to sell 5 per cent stake in Life Insurance Corporation (LIC) this month, which could have fetched over Rs 60,000 crore to the exchequer. The IPO would have helped meet the curtailed divestment target of Rs 78,000 crore this fiscal.
Completing a year at the helm of one of the biggest conglomerates of the country, Cyrus Mistry definitely seems to have retained the trust of his investors, a new survey said.
Markets regulator Sebi's proposal of treating all orders emanating from application programming interface (API) as algorithmic or algo order can restrict the growth of such trading in India, brokerage houses said on Monday. In market parlance, algo trading refers to any order that is generated using automated execution logic. The algo trading system automatically monitors the live stock prices and initiates an order when the given criteria are met.
'Avoid going overweight on gold. But maintain a 10 per cent allocation via sovereign gold bonds,' Bajaj Capital MD Sanjiv Bajaj tells Sarbajeet K Sen.
You should select the funds in line with your risk appetite and return expectations
The Indian paints industry is likely to piggyback the increased activity in the housing sector and higher sales of automobiles and two-wheelers as well as consumer durables, thanks to rising personal incomes.
After the big success of the first Investor Meet in Mumbai, Equitymaster.com announces the 2nd Investor Meet in Pune on August 27, 2005. Five top Indian companies will be represented by their top executives at this event.
Mid-cap stocks could become potential winners in the medium to long-term, but there is a high-risk premium attached to investing in such stocks.
The Aam Aadmi Party (AAP) has to deal with 3 powerful enemies: the media, the political establishment, and business houses.
The increase in MAT from 10% to 15% is expected to increase the tax liability of the companies and thereby decrease their net profit figures.
Reduction in customs duty on certain bulk drugs used in making life saving drugs to 5% is a positive for companies having product pipeline catering to these segments.
Allocation under APDRP which has been increased by a generous 160% YoY will benefit T&D companies.
No prior approvals required for setting up off site ATMs will enable banks speed up their franchise expansion.
Plans to cover long distance gas pipelines would mean increase in demand for steel pipes and tubes.
The abolition of FBT will help reduce the employee cost in electronic media companies who had witnessed escalating costs of late.
The downstream segment will enjoy greater visibility on excise duty as branded petrol and diesel will now attract specific duty.
Increase in tax exemptions for citizens would result in higher disposable income.
Extension of 2% interest subvention for textile sector will reduce the interest burden on the P&L of textile companies this fiscal.
Increase in disposable income is expected to result in increased spending on lifestyle products.
The higher outlay for the Commonwealth Games would aid the hotel sector in faster execution of the projects in the NCR region.
Increased allocation to NHAI would mean better road connectivity across the country, thus enhancing the trade flow.
Higher defence and agri credit allocation will encourage new vehicle buying which in turn will benefit the industry players.
Lower CVD on accessories, parts and components will help in keeping the cost of handsets low.
Reduction in excise duty on naphtha to lead to lower electricity costs for generation companies using this fuel as replacement for gas.
Exemptions on the personal income tax would increase the income in the hands of the consumers, thereby increasing spending.
The increased focus on infrastructure development and housing sector is expected to raise demand for cement,