Many begin the new year with a list of resolutions, but when it comes to your money, make just one and stick to.
Equity investors have had a good run in 2013 with the Sensex and Nifty closing at close to record highs. Global equity investors have had an even better run than Indian investors with returns ranging from 57 percent for the Nikkei to 37 percent for the Nasdaq, 30 percent for the S&P 500 and 25 percent each for the Dow and the Dax.
The government's holding in the bank will not decline below 58 percent pursuant to the QIP.
The BSE Sensex closed higher today, provisionally gaining 9 percent in 2013 as sustained foreign investor flows offset widespread concerns about a domestic economy suffering from low growth but high inflation.
Global stocks are closing out 2013 sitting on sizable gains courtesy of super-easy monetary policies and an improving economic outlook, though some emerging markets have less to crow about as funds return to rich-world assets.
The Indian markets opened in the positive terrain today. The Sensex is up 59.50 points at 21202.51, and the Nifty is up 15.05 points at 6306.15.
While SFIO is already probing many companies for illegal schemes launched in West Bengal, Odisha, Tripura and Assam, some state governments have asked the Centre to launch a CBI enquiry, Pilot said.
P-Notes (participatory notes) mostly used by overseas HNIs (High Networth Individuals), hedge funds and other foreign institutions, allow them to invest in Indian markets through registered Foreign Institutional Investors (FIIs), while saving on time and costs associated with direct registrations.
FMC had appointed the Chokshi and Chokshi following an order of the Bombay High Court, which is hearing the case filed by aggrieved investors, directing the Commission to appoint a forensic auditor to examine e-series contracts executed at the troubled exchange and submit a report.
Wagon and railroad infrastructure builders gain after Business Standard reported the government could allow foreign direct investment in the railway sector, citing an unnamed senior government official.
With a number of regulatory changes as well as some innovation in financial instruments, there were perhaps too many things to keep track off.
The Nifty is opened 22.60 points at 6336.40 and the Sensex opened up 100.55 points at 21294.13.
Analysts said the next big trigger for the markets are October-December quarterly earnings which will begin around mid-January.
Infosys rose 1.2 percent, having earlier come close to hitting a record high of Rs 3,573 last hit on 20 December, after the Wall Street hit a new peak on strong data from the holiday shopping season and a fall in initial jobless claims.
The National Housing Bank, an entity wholly owned by the Reserve Bank of India (RBI), opens its tax-free bond issue on 30 December and closes on 31 January, 2014. Here's why you can't ignore it.
The market has opened the January series on positive note. The BSE Sensex opened at 21136, up 0.29 percent; Nifty opens at 6300, up 0.34 percent.
The approval would result in foreign investment of about Rs 7,250 crore in the country, a statement said.
Japanese stocks have enjoyed a record-breaking rally this year, backed by Tokyo's aggressive fiscal and monetary stimulus aimed at sparking sustainable growth in the world's third-largest economy.
The muted trading activities can be attributed to the holiday season which brings the US and Europe to a standstill. The uptrend was seen to continue in a day seen by many as one of consolidation.
The market makes mild moves as the Nifty opens below 6300. The Nifty is up 11.95 points or at 6296.45. The Sensex is up 43.33 points at 21144.36.
The BSE Sensex edged higher on Monday as blue chips gained on continued foreign inflows despite last week's decision by the Federal Reserve to start reducing its bond purchases, although a fall in Infosys capped broader gains.<br /><br />
The BSE's mid-cap and small-cap indices have fallen by about 10 per cent and 16 per cent, respectively, so far this year. Last year, mid and small cap stocks gave returns of up to 40 per cent. They outperformed the Sensex, which rose about 25 per cent during 2012.<br /><br />
The Indian markets gained momentum today with the Nifty hitting 6300 in the morning trade despite a flat opening. The Nifty is up 33.15 points at 6307.40 while the Sensex gains 120.40 points to be at 21200.12.
In its crackdown against market manipulations and other violations, Sebi goes by facts of the case and the culprits being a big corporate house or a little-known individual become irrelevant, says its chief UK Sinha.
Indian equity markets ended in green today The BSE Sensex gained 395 points higher at 21103 while the Nifty ended 112 points higher at 6279 .<br /><br />