Indian shares fell on Friday after Finance Minister Nirmala Sitharaman proposed increasing the minimum public shareholding in listed companies to 35% from 25%, threatening a wave of new issuance.
* Rupee strengthens to 68.49 from 68.70
(Updates stock moves at market close)
July 5 Indian stock markets opened up on Friday,
with investors awaiting details from the federal budget due
later in the day, as Prime Minister Modi's government struggles
with a sluggish economy and high rates of unemployment.
June 13 Indian shares fell for a second straight
session on Thursday, dragged by financials, as rising inflation
rate, prolonged trade war and street protests in Hong Kong hurt
May 24 Indian shares jumped on Friday, as the
euphoria surrounding Prime Minister Narendra Modi's landslide
victory in the general election drove the bull run, with
financials leading gains.
MUMBAI/BENGALURU India's stock market shot to record highs early on Thursday on news the prime minister was easily securing a second term, but all gains vanished as investors took profits and started looking at the broader fundamental issues facing the economy.
* Rupee gives up gains, global pressures to keep downward
May 23 Indian shares surged to record highs on
Thursday morning, as early trends showed Prime Minister Narendra
Modi's National Democratic Alliance (NDA) was way ahead of its
main opposition United Progressive Alliance (UPA), as
vote-counting began in the world's largest democracy.
May 22 Indian shares opened higher on Wednesday
led by financials, a day ahead of counting of votes in the
general election, in which Prime Minister Narendra Modi is
expected to retain power.
May 21 Indian shares rose for a fourth session
to record highs on Tuesday, led by heavyweights including
Reliance Industries Ltd, as expectations of a stable
government ran high after exit polls on Sunday projected Prime
Minister Narendra Modi winning a second term.