The Indian market concluded July on a robust note, extending their winning streak to a second consecutive month. This positive momentum has been driven by significant sector rotation, which has played a pivotal role in sustaining the indices at elevated levels. Despite some volatility experienced after the budget—prompted by the […]
Budget 2024
There is nothing wrong with the budget, as it aligns with India’s long-term growth trajectory. However, the domestic investors had a wide expectation on the budget. Anticipated both revenue and capital expenditure to be increased further and expand the positive vibes built on by the vote of accounts and national […]
The Indian equity market is experiencing a robust bull run, climbing steadily despite several challenges. Domestic equity benchmarks Sensex and Nifty 50 recovered from post-budget losses and added 0.9 per cent and 1.24 per cent, respectively, for the week, posting the eighth week of gains — registering their best weekly […]
Indian stock market is experiencing a dichotomy, with high valuations in some sectors limiting investment opportunities, while robust macroeconomic conditions sustain investor interest in domestic equities, analysts said. Benchmark equity indices Sensex and Nifty 50 have declined approximately 1% from their record highs, driven by a broader weak sentiment following […]
Budget 2024: In a significant blow to Futures and Options (F&O) traders, Finance Minister Nirmala Sitharaman declared raising the STT rate from 0.01 per cent to 0.02 per cent. This means that equity and index traders will face double the tax on their trades once the budget proposal is implemented. […]
Stock market today: Indian stock market benchmarks —Nifty 50 and Sensex—extended their losing streak into the fourth consecutive session on Wednesday, July 24, due to profit booking in financial and banking shares after Finance Minister Nirmala Sitharaman announced a hike in securities transaction tax (STT) and short-term capital gains tax […]
Property buyers can no longer adjust the purchase price for inflation at the time of sale, negating the impact of the tax cut. That’s because the indexation benefit, removed for properties purchased or inherited on or after 2001, effectively worsens the tax impact. For instance, a property purchased for ₹1 […]
The Indian stock market indices, Sensex and Nifty 50, have experienced a nearly 2 percent correction from their record high levels. This dip comes amid profit booking and concerns over high valuations. While the Union Budget 2024 had a mixed overall impact, the market is expected to move beyond the […]
Gold rate today: Gold rate on MCX traded higher on Wednesday, recouping sharp losses in previous session, tracking gains in international bullion prices ahead of the release of key economic data in the US. MCX gold contracts for August delivery traded 0.42% higher at ₹68,801 per 10 grams, while MCX […]
An unexpected development in this year’s budget was the proposal to tax share buyback income. Finance minister Nirmala Sitharaman proposed that income received on share buybacks should be taxed for the recipients. “It is proposed that the income from buyback of shares by companies be chargeable in the hands of […]