The BSE Sensex, already up over 18 percent this year, is forecast to add another 3 percent by end-2017 to 32,500 from Tuesday's close of 31,497, according to the poll of 50 strategists taken over the past week.
The net outflow by foreign portfolio investors (FPIs) follows a withdrawal of Rs 12,770 crore from the stock market in August. Prior to that, they had pumped in over Rs 62,000 crore in the past six months.
It may be early to ring alarm bells, but macro indicators are far from comforting. Unless things improve meaningfully in the second of this fiscal, equities will struggle to climb higher, no matter how strong the inflows into mutual funds.
The stock market in India currently opens at 9 am and closes at 3.30 pm, but there is a view -- including among stock exchanges -- that the trade hours could be extended till up to 7.30 pm to better align domestic trading with global markets.
Maybe that’s why amateur and professionals alike tend to lose their minds in bull markets, particularly when a hot initial public offering, or IPO, is offered to them by their broker.
NASDAQ Vice President Joe Brantuk said 2017 marks the eighth year in a row that NASDAQ has commemorated India's Independence Day with the bell-ringing ceremony at its site in the heart of Times Square.
"Upcoming RBI's monetary policy and ongoing June 2017 quarter earnings will drive the market sentiment this week," said Vijay Singhania, Founder-Director, Trade Smart Online.
The move comes after the exchange received complaints that callers impersonating as registered clients of trading members place orders for illiquid stocks with them by providing the required details, BSE said in a circular.
The NSE re-opened markets at 12:30 p.m. India time (0700 GMT), but traders have said that quotations for individual stock prices are still not updating or are suffering from wide gaps in bid and offer prices, though they can place trades at a particular price.
The company's IPO was oversubscribed 8.58 times, with the qualified institutional buyers (QIBs) portion getting oversubscribed 8.38 times, non-institutional investors 10.39 times and retail investors portion 6.47 times.
The markets regulator will also consider new norms for allowing options trading in commodity derivatives market, sources said.
As per two separate circulars issued, while the exchange will shift seven firms to Stage 1 of the Graded Surveillance Measure (GSM), it will transfer 15 to Stage 2.
Ramco Cements, Emami, INOX Wind are on its radar
Retirees and those nearing retirement have been traditionally advised to reduce their exposure to riskier investments such as stocks in favor of bonds and cash. But in the current investing environment, stocks are being viewed as the only game in town for a decent return.
As per the Finance Act, 2017, the income arising by way of a transfer of long-term capital asset, being equity share in a company, will be exempt from tax if such transfer is undertaken after October 1, 2004 and chargeable to Securities Transaction Tax (STT).
Foreign investors pumped in a record Rs 57,000 crore in Indian capital markets in March, buoyed by expectations that BJP's victory in assembly polls is a precursor to more "bold, reformist policies".
Investors in top seven Indian companies saw their fortune grow by a cumulative Rs 45,955.51 crore last week, with SBI and RIL handing the maximum gains.
The company's IPO was oversubscribed 1.90 times, with qualified institutional buyers (QIBs) category getting oversubscribed 3.65 times and retail investors 1.63 times.
The stock market just turned in its worst one-day performance of the year, worries are escalating in Washington and on Wall Street that President Donald Trump's agenda has hit stall speed, and the notion that the Fed will have a free ride seems considerably less certain.
To align the periodic price bandrnmechanism with the new graded surveillance measures (GSM)rnframework, the BSE has decided to do away with weekly andrnmonthly price limits for securities listed on its platform.
At 09:21 hrs, the stock was quoting at Rs 711.50, down Rs 39.60, or 5.27 percent on the BSE. It touched an intraday high of Rs 720.00 and an intraday low of Rs 701.00.
Mutual fund managers purchased stocks worth a little over Rs 2,000 crore in February - making it the seventh straight month of positive inflow in equities- on sustained participation by retail investors.
Damani has already acquired a cult status on Dalal Street — both as a trader and value investor — in little over a decade since wetting his feet in the stock market.
The LSE said in a statement late on Sunday that the commission had asked it to sell its 60 percent stake in fixed-income trading platform MTS to satisfy antitrust concerns over the merger of Europe's two largest market operators.