Major News and Events of 30 March 2016
What Happened on 30 March 2016
Sensex & Nifty to open on a positive note
Govt. allows 100% FDI in e-commerce marketplace
India may play four tests against West Indies in July-August
Today, the BSE Sensex regained its 25,000-mark by advancing over 217 points on the back of hikes in capital goods, realty, auto and healthcare sector stocks. Additionally, the 50-share NSE Nifty also reclaimed its 7,600-level by receiving 68.40 points or a 0.90 per cent hike to close at Rs. 7,665.40. The 30-share BSE Sensex has risen by 217.17 points or a 0.87 per cent, to close at Rs. 25,117.63.
Both the BSE Sensex and Nifty are expected to open higher, courtesy the gains on Nifty futures on the Singapore Stock Exchange. While the Nifty futures traded on Singapore Stock Exchange at 58 points to close at Rs. 7,671; China’s Shanghai Composite advanced by 1.6 per cent with Hong Kong’s Hang Seng rising by 1.5 per cent. Today, Tata Steel will be in focus as it has hinted on selling its entire UK business to stem the heavy losses.
The government has allowed 100% foreign direct investment FDI) in the marketplace format of e-commerce via the automatic route. As the second segment of retail that has opened up in a single month, the government has now allowed 100% FDI for marketing all the locally produced food items despite the FDI in multi-brand retail remaining in the background.
The Indian Cricket Team might be travelling to the West Indies in July-August for a four-Test series. The uncertainty regarding this continues after the BCCI recently suspended ties with the Windies Board after the West Indies team departed abruptly from India in October 2014. Although the dates and venues for the four-match Test Series are yet to be announced, the tour is likely to take place in July-August.