Over 46 million equity-linked retail investors in mutual fund industry may be in for a jolt if the goverment goes ahead with its plans to tax dividends at a hefty 10 per cent from next fiscal year.
The most powerful central bank in the world - the US Federal Reserve announced a quarter-point increase in the target range for the federal funds target range of 1.00 to 1.25 percent.
There had been concerns that higher interest rates in the United States will boost returns on US debt and bank deposits, drawing money back from riskier markets.
The Prime Minister's Office has called a meeting of senior officials of the ministries of finance and corporate affairs on Monday to review the progress in resolution of NPAs in the light of recent action taken by the Reserve Bank on stressed assets.
Gold reserves remained unchanged at USD 20.095 billion.
Both the indices registered their second straight weekly fall by losing 205.66 points, or 0.65 percent, and 80.20 points, or 0.82 percent, respectively.
In India, gold demand has fallen as the wedding season is nearly over and farmers are busy in the sowing of summer-sown crops.
The BSE Sensex rebounded 107 points and the NSE Nifty reclaimed the 9,600-mark Friday, propelled by the exports growth in May amid mixed Asian cues.
India`s current account deficit (CAD) narrowed during last fiscal due to a contraction in the country`s trade deficit.
Equities slipped back into the red Thursday after a two-day winning run as the Sensex declined over 80 points and the Nifty cracked below 9,600-mark, with investors turning cautious after the Federal Reserve's rate hike.
Mutual fund houses added close to 19 lakh investor accounts in April-May of 2017-18, taking the total tally to a record 5.72 crore, driven by growing interest from retail and HNI investors alike.
Indian shares ended higher after a volatile session on Wednesday with Reliance Industries Ltd gaining on strong April subscriber additions, although broader sentiment was muted ahead of the US Federal Reserve meeting.
The Sensex scaled higher on Tuesday, only to surrender much of the gains as the benchmark closed the day with a paltry gain, let down by investors who booked profit towards the fag end of the session.
Sebi on Tuesday allowed options trading in commodities for deepening the market but permitted each exchange to launch these contracts for only one product initially, while asking bourses to follow robust risk management measures.
Stocks got back into shape today as the Sensex recovered 102 points to 31,198 in early session -- chiefly buoyed by a cooling inflation -- amid mixed Asian cues.
Investors have pulled out nearly Rs 41,000 crore from various mutual fund schemes in May, with liquid funds witnessing most of the outflows.
The 50-issue NSE Nifty ended 51.85 points, or 0.54 percent, at 9,616.40 after cracking below 9,600-mark to touch a low of 9,598.50.
The 30-share index plunged by 155.91 points, or 0.49 percent, to 31,106.15.
Keeping its edge against the beleaguered dollar, the home currency ended higher by a solid 20 paise at 64.24.
Equities found lack of direction and were left with little to show in a highly volatile trading week after RBI poured cold water on early market optimism concerning an interest rate cut even as global political uncertainty took centre stage in major economies.