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, lower by 30.20 points (0.12%). Sectoral Performance: The Sensex is down by 100 points, and the Nifty is testing the […]
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% on the intrinsic value of options bought and exercised 0.0625% on the premium for options shorted After Budget 2024 Futures: […]
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%. The rally was triggered by the Union Budget’s decision to maintain the existing tax structure for tobacco products. The tobacco […]
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 some key highlights: Economic Outlook GDP Growth Target: The government projected a robust GDP growth rate. Inflation Management: Strategies to […]
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 of money into economies to combat the COVID-19 pandemic. Low-interest rate environment: Central banks adopted accommodative monetary policies to stimulate […]
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 Wipro reported a 4.6% year-on-year increase in net profit, it missed analyst expectations. Revenue from operations actually declined by 4% […]
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 lower, falling by 147 points or 0.6% to 24,383 points. Market Recovery However, the markets staged a recovery shortly after […]
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 Oil-to-Chemicals (O2C) segment. The Reliance Industries, a large Indian conglomerate with businesses across these sectors. Reliance Industries Q1 Results (Expected): […]
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 minimum in-office requirement, their leaves will be deducted for each day they are absent. Motivation: This policy aims to encourage […]
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 its day’s low. Nifty: Trading near 24,600. Broader Market: Reports indicate a broad-based selling, meaning most sectors and stocks are […]