Let the dust settle on the budget’s tax shocker before chasing any likely dip, but mutual fund investors can continue their investments—In sum, that’s the message from stock market veterans for retail investors, after the Union budget proposed higher capital gains tax for profits from share sales. “The rise in […]
Budget 2024: Finance Minister Nirmala Sitharaman announced an increase in both long-term and short-term capital gains tax in her budget speech earlier today. As per definition, any profit or gain that arises from the sale of a ‘capital asset’ is a capital gain. Sitharaman announced that short-term capital gains on […]
Sanstar IPO subscription status: The last bidding day for Sanstar Ltd’s initial public offering garnered an overwhelming response from Qualified Institutional Buyers (QIBs). Non-institutional investors (NIIS) responded well on the third day, followed by retail investors. At 17:30 IST, Sanstar IPO subscription status was 82.98 times, as per BSE data. […]
FMCG stocks have surged in today’s trade as investors responded positively to the government’s strong emphasis in Budget 2024 on boosting rural consumption. The budget outlined several initiatives aimed at boosting rural consumption, expected to support a recovery in FMCG sector volumes. Despite front line indices ending today’s session on […]
Gold rate today witnessed enormous selling pressure after the Union Budget 2024. Gold price today on the Multi Commodity Exchange (MCX) opened with an upside gap at ₹72,838 per 10 gm. Still, the precious yellow metal came under massive selling pressure after Finance Minister Nirmala Sitharaman announced the reduction of […]
The biggest negative impact of the Union Budget FY25 announcements within the non-BFSI sector will be on the financial intermediaries such as stock exchanges, brokers and wealth managers. BFSI stands for banking, financial services and insurance. The short-term capital gains tax has been increased to 20% from 15% and long-term […]
Budget 2024: Titan Company , Senco Gold Ltd, PC Jeweller Ltd, Kalyan Jewellers India Ltd others saw share price gain up to 12% during Intraday trades on Tuesday .Finance minister Nirmala Sitharaman cut customs duty on gold and silver to 6% in Budget 2024 today. Source link
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 […]
Continuing their stellar rally, shares of Suzlon Energy have attained another significant milestone in today’s session by hitting a 14-year peak as investors reacted positively to the company’s June quarter numbers, which were released on Monday, post market hours. In the June quarter, Suzlon Energy achieved its highest wind turbine […]
Stock market today: Despite the Indian stock market trading cautiously ahead of the Union Budget 2024, Gensol Engineering shares witnessed strong buying in early morning deals on Tuesday. Gensol Engineering share price opened with an upside gap at ₹984.90 apiece on the NSE and touched an intraday high of ₹985.15 […]