Latest Stock Market News

Banks and financials led the charge on Dalal Street that saw the Sensex reclaim the 60,000-mark, and the Nifty near its crucial resistance of 17,800 levels.

"The bank proposes to raise funds by issuing Perpetual Debt Instruments (part of Additional Tier I capital), Tier II Capital Bonds and Long-Term Bonds (Financing of Infrastructure and Affordable Housing) up to total amount of ₹50,000 crores over the period of next 12 months through private placement mode," the lender said in an exchange filing.

>> For more such web stories click on the ET icon below

According to the bulk deal data available with the exchanges, PGIM India MF has sold about 60.3 lakh shares or 4.6% stake in the company, while ICICI Pru MF has lapped up the same number of units in open market transactions. The deal was executed at a weighted average price of Rs 183.10

>> For more such web stories click on the ET icon below

On Tuesday, Venus Pipes shares closed 0.52% higher at Rs 785 on NSE. So far this year, the stock has rallied 9.77%. The shares have given multibagger returns to investors in the last one year period, rising as much as 121%.

Post the above mentioned 3 transactions, Tiger Global’s holding has come down to a marginal 0.68%. This to an extent removes the overhang of any further selling by the foreign firm in the company.

By understanding the impact of taxation on equity investments in India, investors can make informed investment decisions and optimize their returns while minimizing their tax liability.

>> For more such web stories click on the ET icon below

Dow rises 0.23 point, S&P 500 opens higher by 1.18 points & Nasdaq Composite drops 4.11 points