Previous Day’s Performance: Both Sensex and Nifty ended marginally lower following the Union Budget 2024 presentation. Sensex closed at 80,429.04, down by 73.04 points (0.09%). Nifty 50 settled at 24,479.05, […]
Budget 2024 : Finance Minister announced for Indian stock market.
STT Rate on Derivative Trade The STT rate on derivative trades has been increased in the Union Budget 2024. Before Budget 2024 Futures: 0.0125% on the sell side Options: 0.125% […]
ITC Shares Skyrocket, Nifty FMCG Gains on Tobacco Tax Relief
The Indian stock market witnessed a surge today as ITC Limited, a leading conglomerate with a significant presence in the tobacco industry, saw its share price climb by over 5%. […]
Finance Minister will be presenting the Union Budget 2024-25.
Finance Minister will be presenting the Union Budget 2024-25. It will be a record seventh consecutive Budget presentation for Ms. Sitharaman. While a comprehensive analysis would be extensive, here are […]
Market Hopes for a Repeat of 2021: A Closer Look
Understanding the 2021 Market Rally To comprehend the current market sentiment, it’s crucial to revisit the key factors driving the 2021 rally: Massive stimulus packages: Governments worldwide injected unprecedented amounts […]
Wipro’s share price fell over 7% on Monday, July 22nd, 2024
Share price drop: Wipro’s share price fell over 7% on Monday, July 22nd, 2024, following the release of their Q1 financial results for the fiscal year 2024-25. Financial performance: While […]
The Nifty50 index also opened lower, falling by 147 points .
Market Open The Indian benchmark indices opened lower on Monday. The Sensex opened at 80,141 points, a decrease of 463 points from the previous close. The Nifty50 index also opened […]
Telecom, Retail, Oil & Gas to Rescue Earnings as O2C Falters
Growth Sectors: You expect Telecom, Retail, and Oil & Gas to be the key drivers of earnings growth. Offsetting Factor: This growth is likely to offset a decline in the […]
HCLTech employee leaves to Office attendance
Policy: HCLTech requires employees to be in the office for a minimum of 3 days a week (approximately 12 days a month). Leave Deduction: If employees fall short of this […]
Indian stock market today, July 19th, 2024
Market seems the market is facing some downward pressure. The Indian stock market seems to be experiencing a significant decline today, July 19th, 2024. Sensex: Down 500 points, currently near […]
Central Bank of India Reports Strong Q1 result seems positive.
The Central Bank of India’s financial performance for the first quarter of the current financial year (likely FY 2024-25) seems positive. Profit: There was a significant year-on-year (YoY) growth of […]
Nazara Technologies Subsidiaries Facing GST Liability
Two of Nazara’s subsidiaries, Openplay Technologies and Halaplay Technologies, have been issued notices by the Indian government for potential Goods and Services Tax (GST) liabilities totaling nearly Rs 1,120 crore. […]
Indian government depositing Rs.92 cr to help MTNL
Significant price increase: The stock price currently experiencing a 20% upper circuit , which is a substantial gain in a single day. Multi-year high: This increase pushed the stock price […]
UltraTech Cement’s Q1 results isn’t very bullish.
Weak Demand and Prices: The overall cement industry witnessed slow volume growth and soft demand in Q1 . Squeezed Margins: Increased competition and rising input costs are expected to put […]
Adani Wilmar Cooks Up $670 Million Stake Sale
Indian billionaire Gautam Adani and Singapore-based Wilmar International are indeed exploring the sale of a minority stake in their joint venture Adani Wilmar. This is to comply with shareholding regulations […]