Mumbai, June 28 (IANS) The Indian stock market ended the holiday-shortened week on a positive note, with benchmark indices extending gains for a third session out of four and the Nifty holding firmly above the key 24,000 mark. Analysts said the near-term technical outlook remains constructive, although fresh buying will be needed for the next leg of the rally.Market experts said that the Sensex continues to trade with a constructive bias after recovering from recent lows. “The 77,500-77,700 zone…
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Mumbai, Feb 15 (IANS) Foreign portfolio investors (FPIs) have made a strong comeback to Indian equity markets in early February, investing Rs 19,675 crore in the first fortnight of the month. The renewed interest comes after three straight months of heavy selling and is being supported by the US-India trade deal and easing global macroeconomic concerns.According to data from depositories, FPIs had pulled out large sums in the previous months.They withdrew Rs 35,962 crore in January, Rs 22,611 cr…
Seoul, Dec 24 (IANS) The finance ministry here on Wednesday announced a package of tax benefits aimed at revitalising the domestic capital market, including a new incentive program for retail investors who sell overseas stocks and reinvest the proceeds in domestic assets.The latest steps come as part of a series of measures by foreign exchange authorities amid continued net capital outflows by domestic investors, with the Korean won nearing its weakest level against the U.S. dollar in 16 years, …