Indian equity markets on Friday tumbled and provisionally closed deep in the red -- the BSE Sensex shedding over 800 points -- following negative global cues and a disappointing announcement in the Budget on the reintroduction of the long-term capital gains (LTCG) tax.
Stocks of banking, capital goods, auto, consumer durables, oil and gas, and metals witnessed a huge sell-off.
The barometer Sensex of the BSE provisionally closed (at 3.30 p.m.) lower by 839.91 points or 2.34 per cent at 35,066.75 points.
On the the National Stock Exchange, the wider Nifty50 declined by 275.40 points or 2.50 per cent to close at 10,741.50 points.
On Thursday, the Nifty50 fell by 10.80 points or 0.10 per cent to 11,016.90 points, while the Sensex closed at 35,906.66 points -- down 58.36 points or 0.16 per cent.
India's services sector clocks robust growth in April, lifts business confidence to 3-month high
India's services sector continued to register robust growth in April on the back of strong domestic and foreign demand, which lifted business confidence to a three-month high, according to an HSBC survey published on Monday.
Adani Green reports 30 pc EBITDA growth in FY24, revises target to 50 GW for 2030
Adani Green Energy Ltd (AGEL) on Friday reported 30 per cent EBITDA growth at Rs 7,222 crore in FY24, as the renewable energy (RE) major revised its target for 2030 to 50 gigawatt (GW) from 45 GW.
Adani Group's Ambuja Cements clocks highest-ever PAT at Rs 4,738 crore in FY24
Ambuja Cements on Wednesday reported profit after tax (PAT) at Rs 4,738 crore for FY24 -- up by a record-setting 119 per cent (year-on-year) -- and operating EBITDA at Rs 6,400 crore, up by 73 per cent.
Govt cuts windfall tax on crude oil, ONGC, OIL India Ltd to gain
The Government has cut the windfall tax on crude oil to Rs 8,400 a metric ton from Rs 9,600 with effect from Wednesday as part of its fortnightly revision.
Adani Total Gas clocks 27 per cent EBITDA growth in FY24, overall volume up 15 per cent
Leading city gas distribution company Adani Total Gas Ltd (ATGL) on Tuesday announced EBITDA of Rs 1,150 crore in FY24 that surged by 27 per cent (year-on-year), with consolidated profit after tax (PAT) at Rs 668 crore which increased by 22 per cent as compared to last fiscal year.
Adani Ports & SEZ secures AAA rating - India’s 1st in private infra development space
Adani Ports and Special Economic Zone Limited (APSEZ), one of the largest profit contributors for the Adani Group, has been upgraded to AAA rating by Care Ratings.
India's gold demand rises 8 pc in Jan-March despite soaring prices
India's gold demand rose to 136.6 tons in the January-March quarter which represents an 8 per cent increase over the same quarter of the previous year, according to figures released by the World Gold Council (WGC) on Tuesday.
DMs, SPs of violence-hit MP districts transferred
The farmers agitation entered its eighth day on Thursday. The peasants have been on strike since June 1, demanding loan waiver and fair price for their produce.