The BSE 30-share was bound for the south, hitting a low of 25,579.88 before ending at 25,696.44, down 586.65 points, or 2.23 per cent.
Last Monday, when panicky foreign investors were dumping stocks, domestic institutions went on a buying spree and bought stocks worth Rs 4,000 crore. Is there a lesson for retail investors?
Jaitley said the crude oil prices hitting lowest levels in over six years and the slump in commodity prices are expected to benefit a net importer like India.
Analysts say India could fare better than other emerging markets given optimism about the domestic economy and subdued inflation.
U.S. stock futures also gained 2.0 percent in Asia, paring a part of its 5-percent fall the previous day.
India is unique as an EME that is predominantly an importer rather than exporter of commodities.
Arun Jaitley and Raghuram Rajan assure investors: ‘It is transient, temporary; can be our opportunity’
The board of Securities and Exchange Board of India (Sebi) has set September 28 as the date for the merger of Forward Markets Commission (FMC) with itself, bringing the commodities derivatives market and its brokers under the Sebi norms and leading to integration of commodities derivatives and securities trading in an orderly manner.
Labour-intensive sectors such as gems and jewellery will not benefit from the depreciation of the rupee.
Global markets are becoming increasingly integrated and risk is now spreading faster than ever before.
Relative to others India is better with strong growth, low CAD, size-able forex, said RBI Governor Raghuram Rajan.
Attributing the stock market crash to global turbulence, Finance Minister Arun Jaitley today said the government and RBI were watching the situation and hoped that things will stabilise once the transient impact is over.
The stock markets witnessed a bloodbath on Monday with the benchmark BSE Sensex crashing over 1,500 points, biggest in seven and a half years, amid a global rout.
Monday's 1,000 point fall is the biggest intra-day fall in absolute terms since October 2008 when it fell 1,070 point.
The RBI Governor said that turmoil in currency market has been long-coming and China is only the last step in it.
Interestingly, eight out of the top-ten intra-day falls took place in the year 2008. Monday's fall is biggest since October 24, 2008.
A strong dollar demand from importers and banks, and heavy losses in domestic equity markets weighed on the local currency, forex dealers said.
In a stock market bloodbath, benchmark Sensex on Monday sunk 1,624.51 points to end the day at 25,741.56 -- the biggest in over seven years -- amid a global rout, while more than Rs 3 lakh crore got wiped out of the investors' wealth.
The panel, headed by Law Commission Chairman A P Shah, was set up to resolve the dispute between FIIs and the government after notices were served to 68 FIIs by the Income Tax Department demanding Rs 602 crore as MAT dues.
“The AP shah committee had recommended giving relief to FIIs from MAT. The government is favourably considering it,” the official added.
The 30-share index tumbled 476.38 points, or 1.72 per cent, to 27,131.44 in early trade. The gauge had lost 323.82 points in the previous session.
Sensex hit the day's high of 28,100.64, before settling at 28,067.31, up 517.78, or 1.88 per cent, its biggest single-day rise since January 20.
BSE Sensex rose over 86 points to 28,201.48 in early trade today following sustained buying by funds and investors after major car makers posted healthy sales growth in July even as other Asian markets turned weak in their opening trade.
The benchmark BSE Sensex ended 551 points and the NSE Nifty closed at 8361 on Monday amid concerns over stricter norms for participatory notes and slump in Chinese stock market.
The magazine had published article on Algo trading based on a whistleblower’s letter to the Sebi that it said was also copied to Dalal.
Infosys posted 30.30 billion rupees ($475.85 million) in profit in the June quarter, up from 28.86 billion rupees a year ago.
The BSE index fell 0.13 percent and the NSE index dropped 0.16 percent.
BSE Sensex lost its early surge trading lower by 8.74 points while the broader Nifty failed to hold on to 8,400-mark amid selling and caution ahead of key CPI numbers due today.
The 30-share index dipped below the 28,000-mark at opening trade by diving 291.65 points or 1.04 per cent to 27,880.04.
Greece became the first developed economy to default on a loan with the IMF.
The 30-share gauge, which had lost 84.13 points in the previous session, hurtled down 535.87 points, or 1.92 per cent, to 27,275.97.
BSE index extended its gains by 278 points, while Nifty reclaimed 8,300 mark in morning trade on Monday.
BSE Sensex today plunged by 245 points to 26,523.09 -- its lowest in nearly eight months -- on heavy selling in FMCG stocks amid prevailing drought fears and RBI's cautions stance on economic recovery.
RBI lowers growth estimate to 7.6%, says inflation may rise to 6% by Jan ’16.
The BSE Sensex was trading in the negative terrain and was down over 300 points despite a repo rate cut announcement by the the Reserve Bank of India in its policy meeting.
Auto, bank stocks lead the market surge, M&M biggest gainer with 4.89% rise