The benchmark Nifty index shot up 1.76% and investors turned richer by ₹7 trillion on Friday as institutions scooped up cash shares and derivatives, backed by retail participation through mutual funds. Market veterans were puzzled by the surge, which follows the surprise tax hikes in the Union budget and weak […]
Union budget
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 […]
Budget 2024: In a shock to investors, Finance Minister Nirmala Sitharaman, in her presentation of the Union Budget for FY 2024-25, announced several key tax changes impacting capital gains and trading activities. FM announced that the long-term capital gains tax rate on all financial and non-financial assets will rise from […]
Stocks with a strong presence in Andhra Pradesh are in focus today following the announcements of Budget 2024 by Finance Minister Nirmala Sitharaman. For the first time in a decade, the Union Budget 2024–2025 has allocated significant funds to the state, drawing investor attention to companies operating there. The Finance […]
Stock Market News: The domesticbenchmark indices, the Sensex and the Nifty 50, plummeted on Friday as investors scrambled to book profits following a four-day record-breaking rise and a global sell-off spurred by an IT breakdown that caused gadgets to collapse worldwide. Drop in blue-chip Reliance Industries also plunged the benchmarks. […]
Despite a sharp sell-off seen across sectors on Friday as investors became cautious ahead of the Union Budget (2024-2025), Indian markets managed to end this week on a positive note, marking their seventh consecutive week of gains. The Nifty 50 closed today’s session down by 1.10% at 24,530 points, although […]
Finance Minister Nirmala Sitharaman is set to present the full-year Union Budget for FY24-25 on July 23, 2024. The impact of the Union Budget on the equity market has reduced notably over the past few years with the government undertaking most of the reforms outside the purview of the Budget. […]
—Peter Lynch If you are ever depressed by your stock-picking skills, here’s a quick morale booster—even the giants of the game get it wrong sometimes. Case in point: the ‘father of value investing’ himself. In the heady days of the 1920s, an era so exuberant that it was dubbed the […]
The upcoming Union Budget 2024 is expected to be fiscally prudent yet expansionary with continuation of the earlier policies of the NDA government, according to a survey conducted with over 50 smallcase managers. A study conducted by investment platform smallcase reveals that over 80% of smallcase managers expect a hike […]
Indian stock market continued its record bull run picked up since June-end led by return of foreign inflows, albeit few phases of consolidation with the new earnings season. Bulls have tightened their grip on D-Street after a spectacular month-opening ahead of the Union Budget 2024 scheduled for later this month. […]