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 […]
Budget 2024
Dalal Street witnessed volatile stock markets on Tuesday after the government proposed to hike securities transaction tax (STT) on futures & options (F&O) trade in the Union Budget for fiscal year 2024-25. Foreign institutional investors (FIIs) on Tuesday sold stocks of Indian companies worth ₹17,306.08 crore and bought stocks for […]
Budget 2024: Finance Minister Nirmala Sitharaman presented her seventh consecutive budget earlier today and announced several tax changes across income slabs and capital gains on equities and mutual funds. Analyzing the changes in mutual fund investments, Radhika Gupta, Edelweiss MD and CEO of Edelweiss Asset Management Company (AMC), claimed that […]
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 […]
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
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 […]
Budget 2024: As the Union Finance Minister Nirmala Sitharaman is all set to present the Union Budget for the financial year 2024-25, the Indian stock market also has some expectations from the Modi 3.0 Government. According to the stock market experts, they expect the Continuation of the Central Government’s policies. […]
Reliance Industries: The company’s Q1 consolidated profit was ₹17,448 crore, a decrease from ₹18,182 crore. Revenue grew by 11.5% to ₹2,57,823 crore from ₹2,31,132 crore. EBITDA rose by 2% to ₹42,748 crore from ₹41,906 crore. EBITDA margin was at 16.6%, down from 18.1%. Jio Platforms’ profit jumped by 11.7% to […]
Budget 2024: On the Budget day, Sunil Damania, Chief Investment Officer, MojoPMS feels that a trading approach is less sensible compared to an investment strategy as budget’s impact on market volatility has diminished. While Damania says that the market will be closely monitoring potential changes in the capital gains tax […]
Expectations are high that the Union Budget 2024 will include measures to accelerate EV (electric vehicle) penetration in India. The automobile sector expects Union Finance Minister Nirmala Sitharaman to make some announcements on the Faster Adoption and Manufacturing of Electric Vehicles (FAME) scheme, enhanced production-linked incentive (PLI) schemes, and other […]