Tag Archives: gain

Business

Indian stock market ends lower after 3-day gains, Nifty below 23,250

Indian stock market ends lower

IANS

India’s domestic benchmark indices ended lower on Friday as selling was seen in the IT and Financial service sectors.

Sensex ended at 76,619.33 down by 423.49 points or 0.55 per cent, and Nifty settled at 23,203.2, down by 108.60 points, or 0.47 per cent.

The Nifty remained under bearish pressure for yet another session. Sentiment remains weak as the index declined after encountering resistance at a crucial moving average, according to experts.

“This bearish sentiment may persist in the short term or as long as the index remains below 23,400. On the downside, it could drift toward 23,000. A decisive break below 23,000 might trigger a broader market correction. Conversely, 23,400 is likely to remain a strong resistance level,” said Rupak De of LKP Securities.

Since the recent peak in September 2024, the Nifty 50 has fallen by 11.5 per cent, with the Midcap index down 12 per cent and the Smallcap index sliding 11 per cent.

Sensex

IANS

“The decline has steepened over the past week, but the real story lies beneath these numbers. Many individual stocks are down by 25-40 per cent, reflecting the broader pain that major indices often mask,” according to Krishna Appala of Capitalmind Research.

Nifty Bank ended at 49,540.6 down by 738.10 points or 1.50 per cent. The Nifty Midcap 100 index closed at 54,607.65 after climbing 123.85 points, or 0.23 per cent, while the Nifty Smallcap 100 index closed at 17,672.05 after adding 28.75 points, or 0.16 per cent.

On the Bombay Stock Exchange (BSE), 2,055 shares ended in the green and 1,887 shares in the red, whereas there was no change in 123 shares.

In the Sensex pack, Zomato, Nestle India, Asian Paints, Power Grid, Tata Steel, L&T, ITC, Sun Pharma, Titan, Adani Ports, Tata Motors, Hindustan Unilever Limited, Maruti Suzuki and NTPC were the top gainers. Whereas, Infosys, Axis Bank, Kotak Mahindra Bank, M&M, ICICI Bank, TCS and Tech Mahindra were the top losers.

In the meantime, foreign institutional investors (FIIs) sold equities worth Rs 4,341.95 crore on January 16, on the other hand, domestic institutional investors bought equities worth Rs 2,928.72 crore on the same day.

(With inputs from IANS)

Business

Indian stock market ends higher, Adani Ports among top gainers

Sensex trades higher on strong global cues

Indian stock market ends higher, Adani Ports among top gainersIANS

India’s domestic benchmark indices ended higher on Thursday as Adani Ports was among the top gainers.

Sensex ended at 77,042.82 up by 318.74 points, or 0.42 per cent, and Nifty settled at 23,311.80, up by 98.60 points, or 0.42 per cent.

Adani Ports closed at Rs 1,151 per share after gaining by Rs 22.85 or 2.03 per cent.

Nifty Bank ended at 49,278.70 up by 527 points, or 1.08 per cent. The Nifty Midcap 100 index closed at 54,483.80 after climbing 584.80 points, or 1.09 per cent, while the Nifty Smallcap 100 index closed at 17,643.30 after adding 289.35 points, or 1.67 per cent.

According to experts, benchmark indices continued to trade in the positive, albeit off highs, driven by positive investor sentiment following mild US inflation data, which raised hopes for a potential rate cut by the Federal Reserve.

Adani Enterprises' share jumps nearly 5 pc, Adani Ports among top gainers

Adani Ports closed at Rs 1,151 per share after gaining by Rs 22.85 or 2.03 per centIANS

“Additionally, favourable developments in the Israel-Hamas ceasefire and a reduced trade deficit further boosted the market’s upward movement. However, weak economic growth data from the UK dampened some of this optimism. Despite higher valuations compared to leading indices, the broader market saw bargain buying during the recent correction,” they added.

On the Bombay Stock Exchange (BSE), 2,779 shares ended in the green and 1,187 shares in the red, whereas there was no change in 101 shares.

In the Sensex pack, Adani Ports, SBI, IndusInd Bank, Axis Bank, Tata Motors, Bharti Airtel, Bajaj Finserv, NTPC, Maruti Suzuki, Ultra Tech Cement and ICICI Bank were the top gainers. Whereas, HCL Tech, Infosys, Hindustan Unilever Limited and ITC were the top losers.

In the meantime, foreign institutional investors (FIIs) sold equities worth Rs 4,533.49 crore on January 15, on the other hand domestic institutional bought equities worth Rs 3,682.54 crore on the same day.

(With inputs from IANS)

Edutech & Education

Grass Valley Publishers, LLC Releases You Can’t Go Home Again

Grass Valley Publishers, LLC Releases You Can't Go Home Again

Saint Paul, MN, July 12, 2024 –Grass Valley Publishers, LLC is releasing “You Can’t Go Home Again,” the debut novel from Minnesota author Christian Hendrix. Originally conceived as a piece of flash fiction in 2006, Hendrix turned it into a full-fledged novel, completing it in 2019.

Read what reviewers are saying about “You Can’t Go Home Again”:

“5/5 stars. A poignant exploration of identity, belonging, and the complexities of human relationships, one which will take readers on a unique journey into a very particular headspace that many will never have experienced before.” – Reader’s favorites.

About “You Can’t Go Home Again”
After four years abroad, Lenoir Adams has come home. But something is different. As her friends and family attempt to adjust to this stranger, Lenoir’s behavior becomes increasingly erratic. She spends her days preaching about “the light” and her night’s meeting with mysterious new friends. As the news cycle continues round-the-clock in a post-9/11 world, her circle increasingly agonizes over her path, and rationale. The heartbreak and regrets from the past come to a head, as does Lenoir’s plan, setting them all to wonder if anybody really knows anyone. And if home is ever the same again.

Business

Stock markets hit fresh all-time high, auto stocks gain after UP govt’s road tax waiver

sensex

 The Indian benchmark indices hit a fresh all-time high on Tuesday led by auto, pharma and FMCG stocks, with Maruti Suzuki India becoming the top gainer after the Uttar Pradesh government’s announcement of registration tax waiver on strong hybrid cars.

Maruti Suzuki India’s shares surged over 6.52 per cent to Rs 12,807 apiece, after the Uttar Pradesh government announced a complete waiver of registration tax on strong hybrid electric cars (HEVs) and plug-in hybrid electric vehicles (PHEVs) with immediate effect.

The move will benefit Maruti Suzuki’s Grand Vitara SUV and Invicto MPV, along with other automakers like Toyota and Honda.

Apart from Maruti Suzuki, other top gainers were M&M, ITC, Titan Company and Sun Pharma on Sensex, while Bajaj Finance, Reliance Industries, Tech Mahindra, HCL Technologies and JSW Steel.

Sensex, Nifty end flat as markets turn to consolidation phase

At the closing bell, Sensex reached 80,351, up 391 points, while Nifty closed at 24,433, up 112 points. Nifty Bank gained 143 points to close at 52,568.

The BSE midcap and smallcap indices also ended on a positive note.

According to market analysts, both domestic and global factors continue to drive the market momentum.

“Currently, consumption sectors like FMCG and auto are leading the gains, buoyed by progress in the monsoon and kharif sowing. Investors are eagerly awaiting the first-quarter earnings results, which will guide market direction,” they noted.

The rupee ended flat at 83.49 per dollar on Tuesday against Monday’s close of 83.50.

Jateen Trivedi of LKP Securities said that the overall focus now shifts to the upcoming budget in India.

“The rupee will take cues from the budget and how the economic outlook will be shaped according to the spending figures presented,” he said.

With inputs from IANS

 

Business

Capital Gain Tax: There may be exemption in capital gains tax for debt MF, Know what will be the benefit

As per the revenue tax amendments, the benefit of tax benefit below indexation on calculation of long run capital gains on investments in debt mutual funds ceased from 1 April 2023. After this date, investments in all sorts of debt mutual funds are counted in the brief time period class.

The central authorities is contemplating making slight adjustments in the guidelines of capital gains tax for debt mutual funds to provide some aid to Bharat Bond Exchange Traded Fund (ETF). The subject got here up in a gathering held in the Finance Ministry final week. The motive for that is that the authorities is planning to subject a brand new a part of Bharat ETF in the present monetary yr.

– Advertisement –

According to the Economic Times report, the official says that the matter remains to be being deliberated upon. A remaining determination will be taken on this when the authorities finalizes the price range. The official mentioned that from April 1, 2023, Bharat ETF is taxed at slab charges like another debt mutual fund. This can be a disappointing issue for traders. The Finance Bill 2023 modified the tax construction for debt mutual funds.

Also Read: EPFO subscribers alert! EPFO has determined to cease Covid-19 advance withdrawal. Details Here

Before 2023, the tax that was levied on debt funds was decided by the holding interval. In a case the place the holding interval was greater than 36 months, capital gains tax was exempted. Short-term capital gains tax was levied for holding interval of lower than 36 months. As per the revenue tax amendments, the tax benefit below indexation on calculation of long-term capital gains on investments in debt mutual funds ceased to be obtainable from April 1, 2023. After this date, investments in all sorts of debt mutual funds are counted in the short-term class.

Tax exemption

However, after the adjustments made in the Finance Bill, debt mutual funds with fairness funding lower than 35% are taxed at the revenue tax charge relevant in your slab. The official mentioned that there’s a thought to provide tax exemption to Bharat Bond ETF. The official mentioned that DIPAM (Department of Investment and Public Asset Management) will now ship a proper advice in this regard to the Revenue Department after the formation of the authorities.

Finance ministry officers will additionally meet officers of public sector undertakings (PSUs) to evaluate their fund necessities in the present fiscal yr. The Bharat Bond Exchange Traded Fund (ETF) holds bonds issued by CPSEs, CPSUs, central public monetary establishments (CPFIs) and different authorities organisations and three non-public corporations. After its launch in 2018, these establishments have issued bonds utilizing the ETF platform since 2019 and raised debt price ₹33,400 crore.

PM Kisan 17th Installment Date 2024 || Check Release Date, Beneficiary List Status @pmkisan.gov.in

– Advertisement –

Business

Capital Gain Tax: There may be exemption in capital gains tax for debt MF, Know what will be the benefit

As per the earnings tax amendments, the benefit of tax benefit beneath indexation on calculation of long run capital gains on investments in debt mutual funds ceased from 1 April 2023. After this date, investments in all varieties of debt mutual funds are counted in the brief time period class.

The central authorities is contemplating making slight modifications in the guidelines of capital gains tax for debt mutual funds to offer some aid to Bharat Bond Exchange Traded Fund (ETF). The situation got here up in a gathering held in the Finance Ministry final week. The purpose for that is that the authorities is planning to situation a brand new a part of Bharat ETF in the present monetary 12 months.

– Advertisement –

According to the Economic Times report, the official says that the matter remains to be being deliberated upon. A remaining determination will be taken on this when the authorities finalizes the finances. The official stated that from April 1, 2023, Bharat ETF is taxed at slab charges like every other debt mutual fund. This can be a disappointing issue for traders. The Finance Bill 2023 modified the tax construction for debt mutual funds.

Also Read: EPFO subscribers alert! EPFO has determined to cease Covid-19 advance withdrawal. Details Here

Before 2023, the tax that was levied on debt funds was decided by the holding interval. In a case the place the holding interval was greater than 36 months, capital gains tax was exempted. Short-term capital gains tax was levied for holding interval of lower than 36 months. As per the earnings tax amendments, the tax benefit beneath indexation on calculation of long-term capital gains on investments in debt mutual funds ceased to be accessible from April 1, 2023. After this date, investments in all varieties of debt mutual funds are counted in the short-term class.

Tax exemption

However, after the modifications made in the Finance Bill, debt mutual funds with fairness funding lower than 35% are taxed at the earnings tax charge relevant in your slab. The official stated that there’s a thought to offer tax exemption to Bharat Bond ETF. The official stated that DIPAM (Department of Investment and Public Asset Management) will now ship a proper suggestion in this regard to the Revenue Department after the formation of the authorities.

Finance ministry officers will additionally meet officers of public sector undertakings (PSUs) to evaluate their fund necessities in the present fiscal 12 months. The Bharat Bond Exchange Traded Fund (ETF) holds bonds issued by CPSEs, CPSUs, central public monetary establishments (CPFIs) and different authorities organisations and three personal corporations. After its launch in 2018, these establishments have issued bonds utilizing the ETF platform since 2019 and raised debt price ₹33,400 crore.

PM Kisan 17th Installment Date 2024 || Check Release Date, Beneficiary List Status @pmkisan.gov.in

– Advertisement –

Business

Capital Gain Tax: There may be exemption in capital gains tax for debt MF, Know what will be the benefit

As per the revenue tax amendments, the benefit of tax benefit below indexation on calculation of long run capital gains on investments in debt mutual funds ceased from 1 April 2023. After this date, investments in all forms of debt mutual funds are counted in the brief time period class.

The central authorities is contemplating making slight modifications in the guidelines of capital gains tax for debt mutual funds to present some reduction to Bharat Bond Exchange Traded Fund (ETF). The problem got here up in a gathering held in the Finance Ministry final week. The purpose for that is that the authorities is planning to problem a brand new a part of Bharat ETF in the present monetary 12 months.

– Advertisement –

According to the Economic Times report, the official says that the matter remains to be being deliberated upon. A remaining resolution will be taken on this when the authorities finalizes the finances. The official mentioned that from April 1, 2023, Bharat ETF is taxed at slab charges like some other debt mutual fund. This can be a disappointing issue for traders. The Finance Bill 2023 modified the tax construction for debt mutual funds.

Also Read: EPFO subscribers alert! EPFO has determined to cease Covid-19 advance withdrawal. Details Here

Before 2023, the tax that was levied on debt funds was decided by the holding interval. In a case the place the holding interval was greater than 36 months, capital gains tax was exempted. Short-term capital gains tax was levied for holding interval of lower than 36 months. As per the revenue tax amendments, the tax benefit below indexation on calculation of long-term capital gains on investments in debt mutual funds ceased to be accessible from April 1, 2023. After this date, investments in all forms of debt mutual funds are counted in the short-term class.

Tax exemption

However, after the modifications made in the Finance Bill, debt mutual funds with fairness funding lower than 35% are taxed at the revenue tax price relevant in your slab. The official mentioned that there’s a thought to present tax exemption to Bharat Bond ETF. The official mentioned that DIPAM (Department of Investment and Public Asset Management) will now ship a proper suggestion in this regard to the Revenue Department after the formation of the authorities.

Finance ministry officers will additionally meet officers of public sector undertakings (PSUs) to evaluate their fund necessities in the present fiscal 12 months. The Bharat Bond Exchange Traded Fund (ETF) holds bonds issued by CPSEs, CPSUs, central public monetary establishments (CPFIs) and different authorities organisations and three non-public corporations. After its launch in 2018, these establishments have issued bonds utilizing the ETF platform since 2019 and raised debt value ₹33,400 crore.

PM Kisan 17th Installment Date 2024 || Check Release Date, Beneficiary List Status @pmkisan.gov.in

– Advertisement –

Business

Investors gain Rs 12 lakh crore as stock markets shrug off poll jitters

sensex

SENSEX tendencies

The Indian indices shrugged off election jitters and massively rebounded in a pointy rally on Wednesday, as the BJP-led National (*12*) Alliance (NDA) ready to stake recent claims for presidency formation.

The traders gained Rs 12 lakh crore in a single session — after shedding practically Rs 30 lakh crore on Tuesday amid political uncertainty — as banks, car, and FMCG shares led the positive factors in Nifty.

The Sensex closed 2,303 factors, or 3.2 per cent, up at 74,382, whereas the Nifty zoomed 735 factors, or 3.36 per cent, to shut at 22,620 on Wednesday.

Bank Nifty went up 2,126 factors, or 4.53 per cent, to shut at 49,054.

Experts mentioned that within the present market state of affairs, traders ought to stay cautious about investing in momentum shares or smallcap shares which have remained overheated for the previous two years.

“Any sustained interval of sideways or downward motion in momentum shares can set off a sell-off in these shares. Investors, subsequently, ought to think about the danger concerned earlier than making such investments,” mentioned Vaibhav Porwal, Co-founder, Dezerv.

However, “we consider that the traders ought to capitalise on this chance for recent investments in fairness”, he added.

sensex

IANS

As the speculative trades constructed round Lok Sabha election outcomes unwind and as readability across the new authorities emerges, markets will discover their floor, specialists famous.

With elections across the nook in a number of main world economies, together with the US, the stock markets will be careful for the probably stand of the US Federal Reserve and different central banks.

“We consider portfolio allocations and future insurance policies of the NDA authorities will probably be a key determinant of market actions,” mentioned Amnish Aggarwal, Director (Research), Prabhudas Lilladher.

With inputs from IANS