Understanding the rules for debt-style taxation on overseas fund investments can help you plan better.
The stock gained 4.22 per cent to Rs 40 during the day on the BSE. Later, the stock trimmed most of the early gains and ended at Rs 38.54 apiece, up 0.42 per cent.
The Nifty 50 closed 1.02% lower at 18,069.00, while the S&P BSE Sensex lost 1.13% to 61,054.29.
The rupee finished at 81.7650 per dollar compared with 81.9125 in the previous session. The currency rose up to 81.6950 during the day, its strongest level since March 6.
The Nifty 50 index closed 0.42% lower at 16,972.15, while the S&P BSE Sensex fell 0.59% to 57,555.90. Both the indexes advanced nearly 1% during the session before reversing the gains.
The dollar briefly fell after data showed U.S. business activity shrank further in December as new orders slumped to their lowest in more than 2-1/2 years, while softening demand helped to significantly cool inflation.
Spot gold was up 0.1% at $1,751.86 per ounce by 10:16 a.m. ET (1516 GMT), after rising as much as 0.9% earlier in the session. U.S. gold futures rose 0.7% to $1,760.70.
All three major U.S. stock indices opened the day lower, erasing some of the strong gains stocks posted in the first two days of the fourth quarter.
Despite this phenomenal gains in midcap and smallcap indices, there were some stocks that almost destroyed investors’ wealth due to a variety of reasons. A look at such stocks in both the segments, which lost the most in a year.
The rupee extended its gains against the American currency for the second straight day, firming up by another 8 paise to close at 68.07 on selling of dollars by banks and exporters amid lower greenback overseas.
Shares of garment maker S P Apparels made a robust debut at the bourses today and ended with 10 per cent gains over the issue price of Rs 268.
Digant Haria, AVP - Equity Research, Antique Stock Broking, believes the easy money has been made in the stock following the gains and that going forward, only long-term investors should get into it.
In an interview to CNBC-TV18, Ashutosh Raina, Head of FX Trading at HDFC Bank, says the currency gains are on the back of risk-on sentiment in the markets.
Thomas Cook (India) signed a long-term agreement with a global distribution company Amadeus. Amit Madhan, COO-IT & e-Services of Thomas Cook (India) spoke about the agreement details and company‘s future prospects.
Analysts told CNBC that the inverse relationship between gold and the dollar is strengthening, which is good news for battered gold prices given expectations that the Federal Reserve will maintain its monetary stimulus for longer than previously expected.
The RBI will offer a swap window to banks for fresh dollar deposits mobilised from non-resident Indians, which will be available to lenders until November 30, 2013.
Very often, people jump into investment products offered by relationship managers and investment agents simply by looking at the rate of return offered. One of the most important factors that they fail to assess is risk.
Shares in the European market hit a two-month high on Monday, mirroring the gains in the US, where the index hit a record high on the back of mixed US jobs data.
Consolidated net profit for the fiscal fourth quarter ended June 30 rose to 12.1 billion rupees from 8.54 billion rupees a year earlier on the back of order wins, HCL Technologies said on Wednesday.
Hero reported a net profit of 5.49 billion rupees for the three months to end-June, compared with 6.15 billion rupees a year earlier. Net sales fell to 61.27 billion rupees from 62.47 billion rupees.
The rupee was at 59.19/20 after rising to 59.05 as against 59.31/31 last close.
A week after doubling of natural gas prices were approved, the oil ministry on Friday rebutted charges of the move resulting in windfall gains to Reliance Industries (RIL), saying new gas production from the company's fields will not start before 2017-18.
European region's super wealthy people posted strong wealth gains in 2012. According to a study by a wealth research firm, number of people with USD 30 mn worth in Europe grew six percent.
Harsha Chigurupati, director, Granules India, says that last year the company reported a major increase in profit due to forex gains of around Rs 8 crore. This year too, the company performed better than previous year. There has been improvement in revenues and the company expects revenues to grow at 30 percent in FY14.
Helped by a smart upmove in the value of FMCG major ITC, the combined market capitalisation (m-cap) of top seven Sensex companies surged Rs 25,323 crore last week.