Extending their record setting run for the second day, benchmarks Sensex and Nifty finished at fresh lifetime highs on Thursday as sentiment remained upbeat on forecast of a normal monsoon this year.
Close to 3,500 fresh foreign portfolio investors (FPIs) registered with capital market regulator Sebi in 2016-17, an indicator that India remains an attractive destination.
Equity mutual funds witnessed an inflow of Rs 9,429 crore in April, the highest in four months, due to participation from retail investors and steps taken by fund houses to create awareness about MFs.
The gauge had gained 389.37 points in previous three sessions to close at a record high of 30,248.17 in yesterday's session.
Shares of Bharti Airtel on Wednesday made a smart recovery, paring early losses and surged nearly 8 percent even as the company reported its lowest quarterly profit in four years for the January-March period.
The benchmark BSE Sensex soared 324.94 points to close at new peak of 30,248.17 while the broader Nifty ended above 9,400-mark for the first time Wednesday on widespread buying spurred by forecast of a normal monsoon amid positive global cues.
Shares of Bharti Airtel on Wednesday pared early losses and rose by 4.5 percent even as the company reported its lowest quarterly profit in four years for the January-March period.
The BSE Sensex zoomed 264 points to quote at an all-time high of 30,197.66, while the broader NSE Nifty scaled 9,390.15.
The Reserve Bank has put IDBI Bank under watch by initiating Prompt Corrective Action against it, a move that will place various restrictions on the lender including on fresh loans and dividend distribution.
State run UCO Bank on Tuesday said it is planning to raise Rs 75 crore of equity capital during the current financial year in one or more tranches.
Domestic investors are taking a prominent position in equities and a surge in mutual fund inflows has reduced vulnerability of the Indian stock market to foreign fund flows, says a report.
The 30-share index, which had gained 67.35 points in the previous session, added 76.39 points, or 0.26 percent, at 30,002.54 on sustained buying activity in early trade.
Insurance regulator Irdai has set up a 17-member committee to conduct a comprehensive review of the existing reinsurance framework.
Promoters and directors of a listed company are required to disclose details about shares received by way of gift and through off-market transactions, according to regulator Sebi.
The flagship Sensex witnessed a mild recovery on Monday while the Nifty took back the key 9,300 level on the back of uninterrupted buying by domestic investors even as their foreign counterparts looked the other way.
The mutual fund (MF) industry's asset base has crossed the Rs 19 lakh crore mark in April on the back of fresh inflows in equity, debt and money market segments.
Shares of Ambuja Cements and ACC Ltd surged up to 10 percent on Monday after both the companies decided to explore merger between them.
Key macro-economic data points coupled with ongoing fourth quarter results and global cues are expected to affect the course of Indian equity markets during the upcoming trade week, analysts said.
The benchmark BSE Sensex hit 30,000-mark while the NSE Nifty reclaimed the 9,300-level in mid-session trade Monday on widespread gains tracking a firm trend in global stocks.
The rupee recovered 13 paise to 64.25 against the US dollar in early trade Monday at the Interbank Foreign Exchange market on fresh selling of the American currency by exporters and banks.