The study has found that the Sensex 30 companies have higher governance standard than other firms due to “better disclosures, more robust checks and balances”.
The 10-year benchmark yield rose to a two-year high, surging nine basis points from Friday’s close to end the session at 7.67 per cent.
The 30-share Sensex recovered by 157.24 points, or 0.46 per cent, to 33,931.90 in opening trade. The index had lost 522.81 points in the previous two sessions.
Globally, in the Asian region, Japan's Nikkei rose 1.33 per cent, while markets in Hong Kong and China remained shut on Monday on account of a public holiday. The US Dow Jones Industrial Average ended 0.08 per cent higher on Friday.
Punjab National Bank (PNB) has lost market capitalisation worth Rs 8,731 crore after shares of the company slumped for the third straight session following the detection of a Rs 11,400-crore fraud.
Small bouts of profit-booking was seen in most counters led by auto, banking, metals, oil & gas and financial sector stocks.
According to Sebi, the public issue banker would need to pay an interest amount of 15 per cent to the investors for failing to resolve the grievance within 15 days.
The last time the yield witnessed a larger upswing was on February 1, when it rose 18 bps on the day of the presentation the Budget.
Foreign portfolio investors (FPIs) sold shares worth Rs 728.71 crore on net basis, while domestic institutional investors (DIIs) too sold equities to the tune of Rs 152.39 crore on Wednesday, provisional data showed.
On a year-on-year (YoY) basis, the CPI inflation last month was 3.17 per cent in January 2017.
Asian markets were also trading in the green after a late-day rally on Wall Street on Friday.
The benchmark BSE Sensex rose by 260.12 points or 0.78 per cent to trade at 34,265.88. The broad-based NSE Nifty was up 81.50 points, or 0.78 per cent at 10,536.45 in early trade.
Noting that India's external debt is only 18 per cent of total GDP, the Niti Aayog vice-chairman said that when the RBI manages India's debt then there is a conflict of interest.
Addressing the media after a customary post-Budget address by Finance Minister Arun Jaitley to the RBI's board, Patel said the correction in the last few days underscores that market indices can move pretty quickly.
The comment comes a day after the BSE, NSE and MSEI decided to immediately stop the trading of indices of Indian securities on foreign bourses as part of a joint effort to stymie migration of liquidity to overseas markets.
With the volatility continuing to hound equity markets, US index the Dow Jones Industrial Average plunged 4.2 per cent, the broad-based S&P 500 plummeted 3.8 per cent and the Nasdaq Composite Index sank 3.9 per cent.
The 30-share index, which had bounced over 470 points in the opening trade in sync with positive leads from global markets, slipped into the negative zone as participants booked profits at higher levels and hit a low of 34,008.
On Tuesday the Sensex closed at 34,195.94 points. The Sensex is trading at 34,460.40 points up by 264.46 points or 0.77 per cent.
With this, the Sensex has now lost 1,769 points since the Budget on February 1, which imposed a 10 per cent long-term capital gains tax on equities and projected a higher fiscal deficit than earlier targeted.
Between Monday and Tuesday, while the FPIs sold Indian equities worth Rs 3,589 crore, the DIIs pumped in Rs 2,862 crore in the market thereby acting as a counter-balance force and reducing the impact of FPI outflow.
Premier indices in India fell around 3 per cent and mid and small cap indices fell over 5 per cent. This is largely due to a global sell-off on concerns of overheating in the US market and expectations of a rate hike by the Federal Reserve System, the central bank of the United States of America.
Sensex, NSE markets: Indian markets witnessed a sharp fall following global cues and closed in the red. Here are the highlights of a day that saw a bloodbath on Dalal street.
With this, the market has plummeted 1,208 points after the Budget presentation in the last three sessions.
The CBDT, further clarified that long-term capital gains exceeding Rs 1 lakh arising from transfer of these asset made after April 1, 2018 will be taxed at 10 per cent.
Adhia said the 10 per cent tax on long term capital gains (LTCG) is a “subsidised rate” compared to the tax rate on sale of unlisted scrips and immovable property, which are taxed at 20 per cent.
Since February 1, the day Union Budget 2018-19 was presented, the 30-share Sensex has plummeted by over 1,208 points in three sessions and the NSE Nifty has lost 361 points during the three-day period.
Experts said people are starting to really get increasingly uncomfortable with the rapid rise in interest rates that they have seen and the uncertainty of how that is actually going to start to play out relative to competition for stocks.
Dalal Street witnessed mayhem Friday with the benchmark Sensex plunging 840 points. Worried investors dumped stocks across the board — they were also upset with the proposal of 10 per cent tax on distributed income from equity-oriented mutual funds.
Bajaj Auto, Axis Bank & Maruti Suzuki emerge as biggest losers of the day; 2,548 stocks decline
"Although the market is spooked by the announced increase in MSP prices, the actual inflationary impact is likely to be far more moderate, as the ruling market prices are higher in many cases," BofAML said in a research note.
The rupee depreciated by another 16 paise to 64.18 against the dollar in early session at the interbank foreign exchange on Friday due to concerns over widening fiscal deficit
The Centre on Thursday introduced a long-term capital gains tax of 10 per cent on stock market gains exceeding Rs 1 lakh, resulting in volatility in forex market.
Union Budget 2018: 10% long-term capital gains tax and higher fiscal deficit numbers send Sensex crashing by 750 pts intra-day; recoups losses on institutions-led buying
The target for 2018-19 has been fixed at 3.3 per cent as against the Fiscal Responsibility and Budget Management Act target of 3 per cent.
Finance Minister Arun Jaitley announced 10 per cent tax on some long-term capital gains from equity market in the Union Budget 2018-2019.
A strong dollar in overseas markets weighed on the Indian currency, a currency dealer said.