National Stock Exchange

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NSE to implement transaction tax cut on equity futures

May 25, 2013 at 14:00 | Source: NDTV Profit

The National Stock Exchange will reduce the securities transaction tax (STT) on equity futures to 0.01 per cent from 0.017 per cent from June 1, the bourse said in a statement. Purchases of a unit in an equity-oriented fund will not attract any STT ...

Only way to fix cricket is to end the BCCI monopoly

May 25, 2013 at 11:31 | Source: FirstPost

If you think the Board of Control for Cricket in India (BCCI) is going to change its spots, thanks to the recent embarrassing disclosures, forget it. Spot fixing scandals and serious conflicts of interest involving the board chief N Srinivasan and hi...

NSE to implement transaction tax cut as of June 1

May 25, 2013 at 07:45 | Source: FirstPost

Reuters Market Eye - The National Stock Exchange will reduce the securities transaction tax (STT) on equity futures to 0.01 percent from 0.017 percent from June 1, NSE said in a statement.Purchases of a unit in an equity-oriented fund will not attrac...

Rupee falls for third week; future of flows key

May 25, 2013 at 05:30 | Source: FirstPost

MUMBAI (Reuters) - The rupee weakened on Friday, falling 1.3 percent for the week, extending its losing streak to a third successive week, hurt by concerns about a possible pullback in global fund flows and the country's external deficit.The rupee fo...

SEBI Act has stayed static since 2002, chairman Sinha tells PM, FM

May 25, 2013 at 00:57 | Source: DomainB

Securities Exchange Board of India chairman U K Sinha today promised to crack down on the kind of Ponzi schemes that have been making headlines in the country. Speaking in Mumbai on the silver jubilee of the founding of SEBI, Sinha also hinted befor...

SEBI – from an era of closed shops to open governance

May 25, 2013 at 00:22 | Source: The Hindu BusinessLine

New Delhi, May 24: It has been a rollercoaster ride for India’s markets regulator the Securities and Exchange Board of India, which completed 25 eventful years of existence on Friday. If India today ranks among the handful of countries conside...

The market makers

May 25, 2013 at 00:22 | Source: The Hindu BusinessLine

Gujaratis have always been keen and savvy investors.Six per cent of the National Stock Exchange’s and 12.2 per cent of BSE’s cash segment turnover from April to December 2012 came from Ahmedabad, Vadodara and Rajkot. The combined turnove...

Tackling rogue algorithms

May 24, 2013 at 21:42 | Source: The Hindu BusinessLine

The final guidelines on algorithmic trading issued by the Securities and Exchange Board of India (SEBI) reflect the quandary it faces in monitoring these pre-programmed automated trades. Sporadic market crashes caused by such programs have made them...

Late surge lifts Sensex; Tata Steel, Larsen key gainers

May 24, 2013 at 21:32 | Source: DomainB

Benchmark indices closed firm, riding a late surge, but finished roughly 3 percent lower week-on-week. Brokers say the mood is cautious after the global sell-off on Thursday, and back home, a mixed bag of quarterly earnings. The Sensex closed at 197...

NSE reduces STT rate in capital markets segment

May 24, 2013 at 17:47 | Source: The Hindu BusinessLine

Mumbai, May 24: Leading bourse NSE today said it will scale down securities transaction tax (STT) in the capital market segments from June 1. The revision is as per the Finance Act 2013, which received Presidential assent on May 10. Introduced in 20...

BSE Sensex gains 30 points, Tata Steel shares rise, Wockhardt shares hit

May 24, 2013 at 17:47 | Source: Financial Express

Rising for the first time this week, the BSE benchmark Sensex today rose by 30 points, boosted by a 5 per cent jump in Tata Steel and gains in fundamentally strong stocks led by consumer durables and metals. The 30-share index commenced the day on a...

Jet Airways shares down 4% even as shareholders approve Etihad deal

May 24, 2013 at 17:47 | Source: Financial Express

Jet Airways shares today slumped as much as four per cent even as shareholders of the company approved the Eithad deal. Shares of the company opened on bullish note but could not hold ground even as its shareholders approved the Etihad deal and its ...

Sensex snaps 4-day losing run;up 30 points as Tata Steel surges 5%

May 24, 2013 at 17:40 | Source: DNA India

Rising for the first time this week, the BSE benchmark Sensex on Friday rose by 30 points, boosted by a 5% jump in Tata Steel and gains in fundamentally strong stocks led by consumer durables and metals. The 30-share index commenced the day on a str...

BSE Sensex snaps 4-day losing run; up 30 pts as Tata Steel surges 5%

May 24, 2013 at 16:56 | Source: Economic Times

MUMBAI: Rising for the first time this week, the BSE benchmark Sensex today rose by 30 points, boosted by a 5 per cent jump in Tata Steel and gains in fundamentally strong stocks led by consumer durables and metals. The 30-share index commenced the ...

Jet Airways down 4% even as shareholders approve Etihad deal

May 24, 2013 at 15:07 | Source: Economic Times

MUMBAI: Shares of Jet Airways today slumped as much as four per cent even as shareholders of the company approved the Eithad deal. Shares of the company opened on bullish note but could not hold ground even as its shareholders approved the Etihad dea...

Jet Airways down 4% even as shareholders approve Etihad deal

May 24, 2013 at 15:07 | Source: The Hindu BusinessLine

Mumbai, May 24: Shares of Jet Airways today slumped as much as four per cent even as shareholders of the company approved the Eithad deal. Shares of the company opened on bullish note but could not hold ground even as its shareholders approved the E...

BSE Sensex regains early momentum; up 53 points

May 24, 2013 at 14:32 | Source: Zee Business

Zee Media BureauMumbai: Snapping its four-day long losing streak, the BSE benchmark Sensex on Thursday recovered by over 53 points in mid-session trade on emergence of buying by funds, tracking a firming trend in the Asian region.The 30-share index,...

Jet Airways falls 4% despite shareholders' nod to Etihad deal

May 24, 2013 at 14:12 | Source: FirstPost

Mumbai: Even as Jet Airways chairman Naresh Goyal today convinced shareholders that the carrier's deal with Etihad Airways will result in better profits, network expansion and cost trimming, the markets played hardball allowing the firm's stocks to t...

India Shares Trade Flat

May 24, 2013 at 12:00 | Source: Wall Street Journal

MUMBAI—Indian shares were flat early Friday as traders waited for clear direction from global markets. The Bombay Stock Exchange's S&P BSE Sensex index was up 4.96 points at 19680.60 at 0430 GMT. The National Stock Exchange'...

BSE Sensex fails to retain early momentum, down 64 points

May 24, 2013 at 11:02 | Source: Zee Business

Zee Media BureauMumbai: The BSE benchmark Sensex failed to hold its opening recovery and fell by 64 points in early trade Friday on emergence of selling by funds. The 30-share index, which had lost 612 points in the previous four sessions, fell furt...

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