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Story Share Market Highlights: Investors give thumbs up to Budget, Sensex ends 2,314 points higher; Nifty at 14,281 Sensex, Nifty Highlights on Budget day, February 1: Almost all the sectors closed in green territory today, rising in the range of 3-6%, except for pharma index BusinessToday.In | February 1, 2021 | Updated 16:10 IST India Stock Market News Highlights Today on union Budget 2021: IndusInd Bank, ICICI Bank, SBI, HDFC Bank were among the top gainers today while HCL Tech, Dr Reddy, Tech Mahindra were among top losers Sensex, Nifty Highlights on Union Budget 2021:In a historical move, benchmark indices Sensex and Nifty closed 5% higher on Monday, as market participants reacted positively to the announcements by Finance Minister Nirmala Sitharaman in Union Budget 2021. BSE benchmark index S&P Sensex, ended 2,314 points higher at 48,600 and NSE Nifty 50 index gained 646 points to 14,281. This was once in a life time jump seen on Budget day, with Sensex ....
Union Budget 2021: ICICI Lombard, ICICI Prudential, SBI Life shares rally 3-6% after Nirmala Sitharaman raises FDI limit for insurance In a proposal to amend the Insurance Act 1938, FM Nirmala Sitharaman increased foreign direct investment limit for the insurance sector to 74 percent from 49 percent earlier. February 02, 2021 / 03:07 PM IST Insurance stocks rallied 3-6 percent after Finance Minister Nirmala Sitharaman, in her Union Budget 2021 speech, increased the foreign direct investment limit for the insurance sector to 74 percent. In a proposal to amend the Insurance Act 1938, the government increased foreign direct investment limit for the insurance sector to 74 percent from 49 percent earlier. The increase in FDI limits from 49 percent to 74 percent for the insurance sector is a welcome step and will help insurance companies to raise funds to ensure their solvency is maintained in line with growing business needs, said Manoj Purohit, Partner and ....
Story Share Market Highlights: Investors give thumbs up to Budget, Sensex ends 2,314 points higher; Nifty at 14,281 Sensex, Nifty Highlights on Budget day, February 1: Almost all the sectors closed in green territory today, rising in the range of 3-6%, except for pharma index BusinessToday.In | February 1, 2021 | Updated 16:10 IST India Stock Market News Highlights Today on union Budget 2021: IndusInd Bank, ICICI Bank, SBI, HDFC Bank were among the top gainers today while HCL Tech, Dr Reddy, Tech Mahindra were among top losers Sensex, Nifty Highlights on Union Budget 2021:In a historical move, benchmark indices Sensex and Nifty closed 5% higher on Monday, as market participants reacted positively to the announcements by Finance Minister Nirmala Sitharaman in Union Budget 2021. BSE benchmark index S&P Sensex, ended 2,314 points higher at 48,600 and NSE Nifty 50 index gained 646 points to 14,281. This was once in a life time jump seen on Budget day, with Sensex ....
By siliconindia | Monday, 01 February 2021, 06:58 Hrs Finance Minister Nirmala Sitharaman today has proposed to amend Insurance Act, 1938 to increase FDI limit from 49% to 74% in insurance companies during Union Budget 2021. She further announced to allow foreign ownership and control with safeguards in the insurance industry. Sharing his opinion on the move, Manoj Purohit, Partner and Leader – Financial Services Tax, BDO India, “To ease access of finance and augment funds for the infra sector, the proposal of providing FPIs an entry into debt financing of REITs and InvITs will open up a large source of fresh funding for the infrastructure and real estate sectors. This will also open up a new avenue for FPIs to invest in a growing market like India. ....