Domestic equity benchmark BSE Sensex continued to bleed on Monday as well and slumped over 900 points after the government’s proposal in Union Budget 2019 to increase the minimum public shareholding in listed companies and higher tax incidence for foreign portfolio investors.
The BSE Sensex hit the 38,000 level for the first time on Thursday on widespread buying in banking, energy and PSU stocks amid unabated inflows by domestic and foreign institutional investors.
The benchmark Sensex staged a strong comeback in early trade on Friday gaining over 250 points on widespread buying by participants in rate-sensitive realty, auto and banking stocks. The 30-share index was trading higher by 253.38 points, or 0.68 per cent, at 37,418.54.
Opening bell: Sensex plunges 156 points, Nifty falls 31 points
Opening bell: Sensex plunges 156 points, Nifty falls 31 points
Asian Shares Traded In The Negative Territory After Polls In The UK Threw Up A Hung Parliament And Markets Await The Results Of The First Round Of Franceâs Parliamentary Elections. PTI | Updated on: 12 Jun 2017, 10:31:36 AM
New Delhi:
The Sensex picked up cues from a lacklustre Asia as it stumbled 156 points on Monday in the beginning of the week after investors started to take profit ahead of key IIP and inflation numbers due later in the day.
Asian shares traded in the negative territory after polls in the UK threw up a hung Parliament and markets await the results of the first round of France’s parliamentary elections.