Markets regulator Sebi’s proposal to relax entry norms for foreign portfolio investors (FPIs) willing to invest directly in Indian stock markets also went down well with investors. The broader markets too were in better shape as the small-cap index rose 0.98% and mid-cap index 0.34% after investors widened their positions. In the Sensex kitty, major gainers were Axis Bank (3.48%), Tata Steel (2.85%), Cipla (1.43%), Bharti Airtel (1.39%), ITC (1.05%), ICICI Bank (0.95%), Hero MotoCorp (0.85%), Wipro (0.66%) and Infosys (0.55%). Globally, Asian markets mostly ended higher with Hong Kong’s Hang Seng rising 1.10%, Japan’s Nikkei going up 0.45% and Shanghai Composite Index jumping 0.47%. European markets were largely mixed with Paris and Frankfurt stock exchanges trading lower whereas London was up in early deals.

Source: Mint June 29, 2017 04:14 UTC