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Senior vs Super Senior citizens: What are the income tax slabs available?
For income taxation purposes, a resident is deemed to be a senior citizen if they had been 60 or older but under 80, whereas an individual resident who was 80 years of age or older at any point in the previous financial year is referred to as a super senior citizen.
How to determine the best asset allocation for your NPS Investments?
The NPS is an excellent investment vehicle for employees across sectors, private and government.
Bollywoods offbeat actors rule video streaming universe
Critically acclaimed Hindi film actors who have played leads in offbeat films or starred in supporting roles are starting to ride the OTT wave
Target maturity funds vs Tax free bonds: Where should you bet?
Tax-free bonds are bonds with tenors of 10 to 20 years that are issued by various PSU organisations and have interest that is not subject to taxation. Target maturity funds, on the other hand, are debt mutual funds that invest in a certain mix of government, corporate, or state development loans and securities.
RBI rule on loan securitization may hit fintech lenders
The guideline prohibiting securitization of loans with a residual maturity of less than a year is set to impact fintech lenders who deal in short-term loans, analysts said
Gold ETFs or sovereign gold bonds, what are the best ways to invest in gold?
The yellow metal is seen as a haven to hedge funds against inflationary pressure in the economy because stock markets do tend to correct heavily when consumer prices increase.
FPI outflows, weak IT sector stocks weigh down on benchmark indices
Sensex declines for 4 out of 5 sessions in the week, Nifty for 3 sessions
NRI Investing Trend: Expats in US take more risk than FD-loving NRIs in UK
In the US, only 14% Indians want to invest in FDs as against 20% in the UK
If Budget grants tax exemption to bank FDs, will stocks lose their charm?
Experts say Dalal Street will remain attractive because the return on equity is generally higher than FDs. The lock-in period is 5 years in respect of tax saving FDs and to avail the favorable tax break the equity needs to be held for a period greater than 12 months, which is significantly less than FDs lock in, said Archit Gupta, Founder and CEO, ClearTax.
Oil set for 10% weekly drop as demand worries dominate
The EU's oil embargo against Russia and the G7 price cap on Russian oil that came into force at the start of this week have been just as powerless to prevent this as the easing of coronavirus restrictions in China and robust Chinese crude oil imports have, Commerzbank analyst Carsten Fritsch said.
Market Watch: IT stocks lead downside on Dalal Street
SBI board to consider raising capital via Tier I bonds
Earlier this week, SBI announced that its personal banking advances, excluding high value home loans, have crossed the 5 lakh crore-mark
Bharat Bond ETF over-subscribed; garners Rs 2,800 crore
The April 2033 issue of Bharat Bond ETF has been oversubscribed 2.8 times against the base issue size of Rs 1,000 cr. The total collection has crossed Rs 2,800 crore, Pandey tweeted.
SEBI does volte face, agrees to share inquiry report with Debenture Trustees
Move follows SC reprimand for cherry-picking approach in sharing documents with parties
Gold gains as dollar weakens ahead of cenbank meetings
Investors are in a wait-and-see mode. They are just waiting for the Fed and the European Central Bank meeting next week, which are going to be the final key market driver for this year, said Carlo Alberto De Casa, external analyst at Kinesis Money.
Yes Bank revises fixed deposit rates, debuts new special FD of 30 months
One of the top lenders in the private sector, Yes Bank, has altered the interest rates on fixed deposits under 2 crore.
Mutual fund SIP investments hit record high. 4 things to know
Construction of 56% of dedicated freight corridors complete: Vaishnaw
Dedicated freight corridors will offer higher transport output and carrying capacity due to faster transit of freight trains, running of double stack container trains and heavy haul trains due to which the unit cost of freight transport will get reduced substantially.
Rupee may appreciate next week on corporate inflows, easing Dollar index
Forex dealers said that gains may be limited as traders will be keenly watching the policies of major central banks as also the US inflation data.
New age investors eyeing smallcases, NFTs now. A peep into portfolios
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Stock market update: Nifty Auto index falls 0.3%
The Nifty Auto index closed 0.3 per cent down at 12869.4.
Telecom industry revenue up 16% in Q2; Airtel gains largest share, Vi sees loss
Jios AGR rose 3% on quarter and 20.1% on year to 22,500 crore, leading to a market share of 41.4%, up 56bps sequentially
Gainers Losers: 10 stocks that moved the most on December 9
About 1199 shares advanced, 2220 shares declined, and 113 shares were unchanged on December 9
Stock market update: Nifty Pharma index advances 0.36%
The Nifty Pharma index closed 0.36 per cent up at 12774.7.
Sensex tumbles 389 points; Nifty below 18,500; IT stocks major drag
Sensex fell 389 points to end at 62181. Of 30 Sensex stocks, 18 ended in the red. Nifty too fell 112 points to end at 18,496, with 33 of its constituents closing in the red
Kotak Mahindra Bank revises FD rates, new interest rates are in force from today
One of the leading private sector lenders Kotak Mahindra Bank has revised interest rates on fixed deposits of less than 2 Cr.
Gainers and Losers : Yes Bank, Paytm among 7 stocks in limelight on Friday
All the sectoral indices, barring Nifty FMCG and Nifty Pharma, ended in the red.
MF equity inflows dip close to 2-year low as investors book profit
SIP inflows hit a record high; MF assets cross 40-lakh crore mark
Sensex pares early gains as IT stocks crack
Equity benchmark Sensex declined nearly 390 points on Friday, pressured by heavy selling in IT, tech and energy stocks despite a positive trend in the global markets. Besides, rising crude oil prices and relentless foreign capital outflows further weighed on sentiment, traders said. The 30-share BSE Sensex opened strong but came under severe selling pressure to close 389.01 points or 0.62 per cent lower at 62,181.67.
ICICI Bank revises bulk FD rates, new interest rates are effective from today
The private sector lender ICICI Bank has revised interest rates on bulk fixed deposits of more than 2 Cr to less than 5 Cr
Vadilal Industries stock rises 10% on boards nod to buy Vadilal brand from promoter firm
Vadilal Industries stock touched an intraday high of Rs 2739.55 , rising 10.38% on BSE. However, the stock opened 2.9% lower at Rs 2410 today against the previous close of Rs 2,482 20
Snapdeal defers Rs 1,250-cr IPO
SoftBank-based e-commerce marketplace Snapdeal has deferred its Rs 1,250 crore IPO, joining the list of startups that have decided to shelve their initial public offering (IPO) plans this year. Snapdeal, which competes with Amazon and Flipkart, filed a request this week with the Securities and Exchange Board of India (Sebi) to withdraw its draft red herring prospectus (DRHP) amid a sell-off in tech stocks worldwide. Considering the prevailing market conditions, the company has decided to withdraw the DRHP. The company may reconsider an IPO in the future, depending on its need for growth capital and market conditions, a Snapdeal spokesperson said.
Auto, banks among Jefferies' top sectoral picks
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Gujarat election outcome precludes need for populist Budget: Analysts
The big victory of incumbent BJP in Gujarat will aid in continued policy momentum and preclude the need for any populist measures in the forthcoming budget, in our view, Motilal Oswal's research analyst Gautam Duggad said.
Accumulate Hindustan Unilever; target of Rs 2798: Prabhudas Lilladher
Prabhudas Lilladher recommended accumulate rating on Hindustan Unilever with a target price of Rs 2798 in its research report dated December 08, 2022.
Buy Solar Industries India; target of Rs 4620: Hem Securities
Hem Securities is bullish on Solar Industries India has recommended buy rating on the stock with a target price of Rs 4620 in its research report dated December 07, 2022.
European shares rise as industrials, financials gain on China optimism
Data on Thursday showing a rise in U.S. weekly jobless claims, however, has raised investor hopes that the Federal Reserve could temper its aggressive stance on interest rate hikes.
India set to become third largest TV ad market by 2024: Report
Currently, there are 20-22 million addressable TV homes in India. Connected TV is the preferred connection at 65%, comprising smart TVs, devices such as Firestick, Internet-enabled set-top boxes versus 35% linear (cable and DTH)
Nifty F&O data shows 18,600 crucial level; 2 stock ideas from Prabhudas Lilladher
Bank Nifty option chain reflects PE writers standing tall at 43,000/43,500 strikes
Japanese shares jump on Wall Street gains, China hopes
U.S. stocks advanced overnight, with the S&P 500 snapping a five-session losing streak, as investors interpreted data showing a rise in weekly jobless claims as a sign the pace of the Federal Reserve's interest rate hikes could soon slow.
'Insert cards and withdraw gold coins..,' India's first gold ATM opened
New Delhi: Gold ATM has been started in the country on 5 December 2022. Goldsikka with the help of Hyderabad-based firm OpenCube Technologies has established Real Time Gold ATM here. People can withdraw pure gold coins from this ATM using their debit and credit cards. According to CTaruj, CEO of Goldsikka, people can buy gold coins ranging from 0.5 grams to 100 grams using this ATM. You can also see the prices of these coins live on the screen of the ATM. The coins will be provided in a certified tamper-proof pack with 999 purity. But do you know that Gold ATM was started in Dubai 12 years ago i.e. in the year 2010? Gold ATMs are installed at many places in Dubai. In 2010, the world's first gold ATM was installed in the lobby of the Emirates Palace Hotel in Abu Dhabi. People could withdraw gold coins from this ATM. Today there are many such ATMs in Dubai, from which gold bars i.e. gold biscuits and gold coins can also be withdrawn. This ATM machine is also covered with a thick layer of gold and here customers get many options of 24-carat gold coins and gold biscuits. Along with Dubai, gold ATMs have also been installed in Germany and America a long time ago. Indian-origin Sushmita Shukla appointed First VP of Fed Reserve of New York 'India will not be an ally of the US, but a superpower itself,' said a White House official Another 'Pakdaua marriage' in Bihar, know the whole matter
4 IT stocks that Rahul Jain is bullish on
But from a pure valuation perspective it is already trading at least 25 to 30% cheaper. So that way it gives a good opportunity for anybody to participate at this valuation and wait for a right stable environment when it can command slightly better multiple.
Buy G R Infraprojects; target of Rs 1510: Motilal Oswal
Motilal Oswal is bullish on G R Infraprojects recommended buy rating on the stock with a target price of Rs 1510 in its research report dated December 08, 2022.
Mphasis share price down 4.66 per cent
A total of 9,195 shares changed hands on the counter till 02:11PM (IST).
Buy Apollo Tyres; target of Rs 372: Sharekhan
Sharekhan is bullish on Apollo Tyres has recommended buy rating on the stock with a target price of Rs 372 in its research report dated December 08, 2022.
Kotak Bank joins bandwagon of revising FD rates; now, senior citizens can earn up to 7%
The leading private banker now offers a maximum 6.50% rate to the general category, while senior citizens are in for a treat as they will get to earn interest rates on their FD accounts to as high as 7%.
Buy Kalpataru Power Transmission; target of Rs 615: Emkay Global Financial
Emkay Global Financial is bullish on Kalpataru Power Transmission has recommended buy rating on the stock with a target price of Rs 615 in its research report dated December 08, 2022.
Avenue Supermart stock price down 0.88 per cent as Sensex slides
As of 30-Sep-2022, promoters held 74.99 per cent stake in the company, while FIIs held 8.59 per cent and domestic institutional investors had 6.33 per cent.
Bajaj Consumer Care announces buyback at Rs 240 per share
The timeline of the buyback will be released later on.The stock which has a market capitalisation of Rs 2,700 crore has rallied over 32% in the last 6 months. The smallcap was trading 3% higher at Rs 183.65 after the buyback announcement.
Max Financial shares decline 1.12% as Sensex slides
A total of 29,908 shares changed hands on the counter till 01:30PM (IST)
Start-ups still attractive albeit with a new start
These factors, coupled with macro-economic headwinds including the liquidity tightening, has left start-ups who are still burning cash at a crossroads. So, what is different about the public market investor sentiments from the private investors? Well, while public markets investors want start-ups to be more disciplined in their spend, private investors take a long-term growth perspective of business and are more patient.
Buy Hindalco Industries, target price Rs 515: ICICI Securities
Hindalco Industries, incorporated in the year 1958, is a Large Cap company (having a market cap of Rs 105684.53 Crore) operating in Metals - Non Ferrous sector.
Gold rate today: Yellow metal trades higher, silver tops Rs 67,500 on MCX
Gold futures on MCX were trading higher, gaining 0.36% or Rs 196 at Rs 54,247 per 10 grams. However, silver futures jumped 0.78% or Rs 522 at Rs 67,556 per kg.
Voltas shares drop 1.27% as Sensex falls
A total of 124,180 shares changed hands on the counter till 01:14PM (IST)
ICICI Pru Life shares down 0.95% as Nifty drops
A total of 34,767 shares changed hands on the counter till 01:09PM (IST).
Share price of IRCTC jumps as Sensex drops 406.87 points
Promoters held 67.4 per cent stake in the company as of 30-Jun-2022, while FII and DII ownership stood at 5.87 per cent and 0.12 per cent, respectively.
Wipro shares down 45% this year; good time to buy?
Wipro stock, which closed at Rs 715.20 on December 31, 2021, is trading at Rs 396.40 in the current session. Market cap of Wipro fell to Rs 2.17 lakh crore on BSE
Lupin stock price down 0.43 per cent as Sensex slides
As of 30-Sep-2022, promoters held 46.83 per cent stake in the company, while FIIs held 0.0 per cent and domestic institutional investors had 16.44 per cent.
Greenko places lowest bid for energy storage tender by NTPC
Greenko was the lowest bidder for 3,000 mega watt hours tender called by state run firms unit NTPC Renewable Energy for 5 per kWh on a single cycle per day basis
Havells India shares down 1.2% as Sensex falls
A total of 6,069 shares changed hands on the counter till 12:38PM (IST)
Buy Cera Sanitaryware, target price Rs 6280: ICICI Securities
Cera Sanitaryware, incorporated in the year 1998, is a Mid Cap company (having a market cap of Rs 6938.63 Crore) operating in Building Materials sector.
Share price of PI Industries jumps as Sensex drops 274.65 points
Promoters held 46.74 per cent stake in the company as of 30-Sep-2022, while FII and DII ownership stood at 15.97 per cent and 15.78 per cent, respectively.
Share price of Zee Ent. falls as Sensex drops 220.22 points
A total of 100,368 shares changed hands on the counter till 12:28PM (IST)
Buy Sun Pharmaceutical Industries, target price Rs 1175: Prabhudas Lilladher
Sun Pharmaceutical Industries, incorporated in the year 1993, is a Large Cap company (having a market cap of Rs 238517.89 Crore) operating in Pharmaceuticals sector.
StocX.in launches Indias first private market index
The index will track prices of more than 30 companies actively traded in the unlisted market and provide analysis and trends through data analytics.
Shree Cements shares gain 0.28% as Sensex falls
On the technical charts, the RSI of the stock stood at 69.71.
Aurobindo Pharma shares fall 0.53% as Nifty drops
The stock quoted a 52-week high price of Rs 742.25 and a 52-week low of Rs 455.05.
Info Edge shares up 0.3% as Nifty drops
A total of 2,994 shares changed hands on the counter till 11:42AM (IST).
Paytm shares climb 7% on share buyback proposal; here's what analysts say
Paytm share price: The stock climbed as much as 6.79 per cent to hit a day high of Rs 542.90 against its previous close of Rs 508.40. A total of 5.99 lakh shares changed hands today on BSE, amounting to a turnover of Rs 31.88 crore.
Siemens shares up 1.13% as Nifty drops
A total of 10,237 shares changed hands on the counter till 11:37AM (IST).
Infosys vs TCS vs Wipro: Which stock is Nomura's top IT sector pick?
Nomura is positive on select information technology (IT) majors from the largecaps and midcaps segment for 2023
Buy on dips strategy will remain very effective from a long term perspective: Sandeep Tandon
If I look at it from a behaviour perspective it is not happening on a immediate basis. But if you look at it from a longer term perspective then maybe it will take many more years to reach that crisis. I do not think it is happening. I think inflation is settling down, when we look at the core CPI number, things are changing globally. So I am not that pessimistic at this point in time the way market participants are.
Share price of SRF rises as Nifty weakens
A total of 5,677 shares changed hands on the counter till 11:27AM (IST).
Sensex falls! But these stocks are up over 10% on BSE
In the Nifty 50 index, 25 stocks were trading in the green, while 25 stocks were trading in the red.
Hot Stocks: Global brokerages see 12-15% return in HUL, RIL and Sun Pharma
Citigroup maintained its buy rating on Hindustan Unilever with a target price of Rs 3050. The company announced entry into Health and well-being which is a positive sign, the brokerage said.
Budget 2023: MFs Seek LTCG Relief
'It is requested that listed equity shares or units of equity-oriented fund schemes be exempted from capital gains tax (LTCG) if equity shares or mutual funds units are held for at least three years.'
Shriram Trans Fin shares gain 0.6% as Sensex falls
A total of 7,472 shares changed hands on the counter till 11:22AM (IST)
Buy Kalpataru Power Transmission, target price Rs 615: Emkay Global
Kalpataru Power Transmissions, incorporated in the year 1981, is a Mid Cap company (having a market cap of Rs 8267.44 Crore) operating in Power sector.
Jubilant Food shares up 0.42% as Nifty drops
A total of 44,012 shares changed hands on the counter till time (IST).
Stock market update: Nifty Realty index falls 0.46% in a weak market
The Nifty Realty index was trading 0.46 per cent down at 452.25.
Sun Pharma shares rise after five sessions of losses, here's why
Sun Pharma stock rose up to 1.46% to Rs 995.30 against the previous close of Rs 980.95 on BSE. The share opened flat at Rs 980.80 on BSE
Snapdeal to shelve $152 million IPO amid tech stocks rout
The withdrawal comes as many Indian startups have delayed IPOs; Snapdeal may reconsider going public at a later stage
Crude oil up a tad on disruption in Canada-US crude pipeline
Mishap in Keystone pipeline, 14,000 barrels of oil spills into Kansas creek
Yes Bank shares jump 15% to hit 52-week high today; here's why
Yes Bank share price: The stock jumped as much as 14.93 per cent to hit a day high -- also its 52-week high -- of Rs 20.40 as against its previous close of Rs 17.75. A total of 616.23 lakh shares changed hands today on BSE, amounting to a turnover of Rs 120.47 crore.
Chola Inv Finance shares gain 0.79% as Sensex falls
On the technical charts, the RSI of the stock stood at 62.0.
Ayushmann Khurranas Doctor G to stream on Netflix
In the past few years, Khurrana has seen a good run at the box office with hits like Bareilly Ki Barfi, Shubh Mangal Saavdhan, Andhadhun, Badhaai Ho, Article 15, Dream Girl and Bala
Stock market update: Sugar stocks mixed as market falls
The 30-share BSE Sensex was down 106.18 points at 62464.5
HPCL stock price up 1.47 per cent as Sensex slides
As of 30-Sep-2022, promoters held 54.9 per cent stake in the company, while FIIs held 18.21 per cent and domestic institutional investors had 11.55 per cent.
Stock market update: Fertilisers stocks down as market falls
The 30-share BSE Sensex was down 87.36 points at 62483.32
