Mirroring global weakness, the Sensex fell 111 points today, halting its four-day winning run, and the NSE Nifty broke below the 8,800-mark as investors turned cautious ahead of key policy meetings of the US Federal Reserve and Japanese central bank.
CBI on Tuesday carried out searches at nine locations, including the office of commodity bourse MCX and Jignesh Shah promoted FTIL, in connection with a case related to granting license to MCX-SX to operate as a private stock exchange in alleged violation of law.
Government has initiated the search for successor to Sebi Chairman U K Sinha, whose extended term ends on March 1, 2017.
Benchmark BSE Sensex fell about 51 points in early trade on Tuesday on profit-booking in consumer durables, IT, metal and banking stocks amid weak Asian cues as investors turned cautious ahead of key policy meetings of the Federal Reserve and Japanese central bank.
SBI chairperson Arundhati Bhattacharya Monday said the stressed assets level in the banking sector will come down once the key industrial sectors start functioning at their optimum capacity.
Stock exchange platform BSE on Monday said it has partnered with social networking service Twitter to provide real-time market updates via tweets and direct messages (DM).
India's banking system outlook is likely to be stable over the next 12-18 months as the pace of formation of bad loans is expected to decrease compared to last five years, global rating agency Moody's said Monday.
Stocks kept their winning run going for a fourth session as the BSE Sensex gained over 35 points to 28,634.50, tracking gains in Asian markets as investors looked ahead to key central bank meetings this week in the US and Japan for clues on global monetary policies.
The pace of bad loan formation is going to slower resulting in a stable outlook for the Indian banking sector over the next 12-18 months, Moody's Investors Service said.
Mutual Fund managers remained bullish on bank shares as they raised their allocation in the sector to an all time-high of over Rs 1.05 lakh crore at the end of August.
Terming instances of banks depositing money to reduce the number of accounts with zero balances as not a criminal act, Reserve Bank Deputy Governor S S Mundra on Monday said such stray incidents should not distract from the larger cause of financial inclusion.
Brokers said a better trend on other Asian bourses ahead of central bank meetings in the US and Japan this week, influenced trading sentiments here.
Having returned to his "ultimate home", former RBI Governor Raghuram Rajan has resumed his role as 'Distinguished Service Professor of Finance' at the University of Chicago Booth School of Business and would teach international corporate finance there in winter of 2017.
The Goods and Services Tax (GST) will have few tax rate slabs beside a standard rate but only for a transition period before India gradually moves to a pure single tax rate regime, Union Minister of State for Finance Arjun Ram Meghwal said.
In the past few weeks, rumours that Rs 10 coins have been declared invalid by the RBI have spread like wildfire in market.
Stock markets would keenly await the outcome of the US Fed policy meeting this week which would influence trading sentiment going ahead, say experts.
Indian firms' overseas direct investment fell 84 per cent to USD 399.06 million in August, data from RBI showed.
Gold prices recovered by Rs 40 to Rs 31,040 per ten grams at the bullion market today on scattered buying by jewellers at domestic spot market even as the metal weakened overseas.