Sensex, Nifty close at record high, Adani Enterprises gains over 8%
The S&P BSE Sensex settled 1.61% higher at 75,418.04, marking its highest closing level ever, while NSE Nifty50 gained 1.64% to close at a record 22,967.65. Key Points
India TodayGIFT Nifty down 20 points; here's the trading setup for today's session
The rupee surrendered all its initial gains to settle 2 paise lower at 83.05 against the US dollar on Monday, in line with a lacklustre trend in domestic equity markets. Key Points
Economic TimesWith 8% weekly gains, Indian IT stocks shrug off US slowdown fears
The rally helped IT stocks shed the tag of underperformers as the Nifty IT indexs 1-year gains jumped to 24%, outclassing all its sectoral peers. The broader Niftys 12-month gains stand at 16%. Key Points
Economic TimesNon-deposit of LTCG cannot lead to denial, rules Income Tax Appellate Tribunal
The new residential house is to be purchased either one year before or two years after the transfer of the original property that was sold. Or it should be constructed within three years from the date of sale of the original property. The time limit that is available for investment under section 54, is longer than the due date of filing the I-T return. Key Points
Economic TimesAlibaba erases gains from spinoff hype amid geopolitical worries
Alibaba's stock has erased all the gains fueled by its ambitious reorganization proposal unveiled March 28 after it slumped 3.2% in Hong Kong on Tuesday. Key Points
Financialexpress
Crypto tax planning for NRIs: Strategies to maximize tax savings
When selling cryptocurrency, only the cost of acquisition can be deducted from the selling price to calculate gains. Other expenses like mining expenses cannot be deducted. Additionally, each virtual digital asset (VDA) is considered a separate asset class so losses from one cannot be used to offset gains from another. Special tax rates of 30% apply to gains from VDA, and a basic exemption limit is not applicable. Key Points
Economic TimesBudget 2024: What are capital gains taxes and are they expected to see any changes tomorrow?
As the Interim Union Budget looms on the horizon, investors are keenly anticipating updates regarding capital gains taxes—a critical area of interest. They are eager to discern if FM Sitharaman will make further modifications to these taxes. Let's see what experts expect. Key Points
mintIncome Tax department notifies cost inflation index for current fiscal
The Income Tax Department has notified the Cost Inflation Index (CII) for the fiscal year 2024-25, set at 363, to calculate long-term capital gains from the sale of assets. The CII reflects economic inflation, with an increase of 15 points from the previous year, aiding taxpayers in adjusting gains for inflation and reducing tax liabilities. Key Points
Economic TimesRupee falls 2 paise to hit all-time low of 83.71 against US dollar
Mumbai, Jul 24 (PTI) The rupee depreciated 2 paise to hit its all-time closing low of 83.71 against the US dollar on Wednesday, weighed down by a strong dollar against major crosses overseas amid investors’ weak appetite for riskier assets. Forex traders said the increase in capital gains tax and removal of indexation benefits announced […] Key Points
ThePrintSensex soars over 1,200 pts with RIL surging nearly 7%
India Business News: The sensex jumped 1,241 points, the highest single-day gain since Dec 4, 2023, with Reliance Industries leading the rally. Nifty also gained 385 points. Despite rising crude oil prices and an attack on a US defence base in Jordan, the stock market showed strong gains. Reliance Industries saw its best daily gain in about three years. Key Points
Times Of India
Sensex, Nifty hit fresh highs! What's behind hot bull run in cold December?
The indices have risen 8% each so far this month, helped by strong domestic macroeconomic data, a return of foreign inflows, and moderation in oil prices. The monthly gains are also the most this year and the highest since July 2022. Key Points
Economic TimesFresh tax troubles brewing for FPIs
Local tax laws permit FPIs to set off losses made in one transaction against gains made in another to reduce their tax burden. However, this adjustment comes with a crucial rider that such a set-off is allowed only when both transactions fall under the same income category. Key Points
mintSensex surges to record high, driven by RBI's growth forecast
The S&P BSE Sensex surged by over 1,600 points, reaching an all-time high of 76,795.31, while NSE Nifty50 also gained 2.07% to 23,294.2. Key Points
India TodaySensex, Nifty end higher; shares of M&M surge 6%
The S&P BSE Sensex added 253.31 points to reach 73,917.03, while the NSE Nifty50 NSE also saw gains, rising by 79.45 points, to close at 22,483.3. Key Points
India TodayUS stocks end lower ahead of Powell, jobs data; bitcoin surges
By Stephen Culp NEW YORK (Reuters) -Wall Street stocks closed lower on Monday, backing away from record highs, while U.S. Treasury yields ticked higher as investors looked ahead to key jobs data and Key Points
ThePrint
Sensex slides 1,000 points from interim high, closes above 72,000
India Business News: Read the latest news on Sensex sliding 1,000 points from interim high but closing above 72,000. Find out how the leading indices oscillated sharply on both sides and ended with modest gains. Stay updated with the market trends and investment opportunities. Key Points
Times Of IndiaSensex, Nifty end higher as US Fed decision boosts sentiments; Britannia jumps
The S&P BSE Sensex rose 489.57 points to 64,080.90, while the NSE Nifty 50 gained 144.10 points to settle at 19,133.25. Key Points
India TodayYour Questions Answered: How does tax-loss harvesting work and can it minimise my tax outgo?
Tax-loss harvesting is a strategy to minimize tax liability by selling underperforming investments to offset gains. It helps rebalance portfolios and reduce overall tax burden by offsetting short-term losses against gains and long-term losses against gains. Key Points
mintBesides election results, a bigger worry has emerged for investors
In early May, Sensex plummeted 1,100 points amid rumors of post-election tax changes. An alleged plan to overhaul tax laws and asset class treatments worried investors. Minister Nirmala Sitharaman dismissed the claims, but speculations persist. Jefferies Christopher Wood warned of a potential market correction due to capital gains tax adjustments post-elections. The complex capital gains tax system in India continues to fuel speculation and calls for simplification, impacting equity investors and market growth. Key Points
Economic TimesJapan's Nikkei hits record high as Nvidia lifts Asian tech
By Kevin Buckland TOKYO (Reuters) -Japan's Nikkei share average topped its all-time peak on Thursday, after unexpectedly strong revenue forecasts from U.S. chip designer Nvidia lifted Asian tech Key Points
ThePrint
These 5 sectors rocked on Dalal Street last week; will the bull run sustain?
The Sensex rallied more than 1,600 points or 2.4% last week and ended at a record closing high of 71483.75 points on Friday. While the gains were broad-based in the market, information technology, metals, infrastructure, and realty topped the list. Key Points
Economic TimesMorning Bid: Buoyant markets hold near year's highs
A look at the day ahead in U.S. and global markets from Mike Dolan Key Points
ReutersSensex surges 500 points, Nifty nears 19,800 on global cues; here’s all you need to know
India Business News: The BSE Sensex surged by 500 points, reaching 66,538, while the Nifty50 traded at 19,827, marking a gain of 136 points around 10.50 am. Key Points
Times Of IndiaSensex, Nifty at record highs as financials lead gains
The NSE Nifty 50 index climbed by 0.47 per cent to reach 19,413.50, while the S&P BSE Sensex jumped 0.59 per cent to 65,586.60 as of 9:17 am. Key Points
India TodayCanada unemployment rises for first time in nine months
The net job losses came as a surprise, after robust employment gains in recent months. Since last September about 400,000 new jobs had been created. | World News Key Points
Hindustan Times
How selling equities before March 31 can help you save income tax
Save long term capital gains tax: Individuals can save income tax by booking profits up to a certain limit on equity shares and equity oriented mutual funds held for more than 12 months. This method is called 'tax harvesting' and it is fully legal in India. Here's how to use this method to reduce your tax outgo and pocket some gains. Key Points
Economic TimesJapan's Nikkei hits record high after Nvidia beat, rest of Asia muted
By Kevin Buckland TOKYO (Reuters) - Japan's Nikkei share average topped its all-time peak on Thursday, after unexpectedly strong revenue forecasts from U.S. chip designer Nvidia lifted Asian tech Key Points
ThePrintSensex, Nifty end with record gains as D-Street cheers BJP’s poll hat-trick
The S&P BSE Sensex ended 2.05 per cent or 1,383.93 points higher at 68,865.12, while the NSE Nifty 50 settled 2.07 per cent or 418.90 points higher at 20,686.80. Key Points
India TodayITC to cross Rs 500 mark, may see more gains in next few sessions
ITC shares tested a lifetime high of ₹493.7 on Thursday before closing as the best performer on the Nifty with nearly 3% gains at ₹491.50. The conglomerate also became the seventh Indian company to cross a market capitalisation of ₹6 lakh crore. Key Points
Economic TimesFag-end buying drives Sensex 179 points higher; Nifty above 18,300; TV18 surges 8%, Varun Beverages 7%
Domestic benchmark indices erased opening gains to trade lower ahead of key US inflation data and earnings from index majors L&T and Dr Reddy's Labs. In the sectoral space, barring Nifty FMCG and Nifty Media, all indices were trading with cuts. Nifty Key Points
Times Of India
Equity markets log gains for second day: power shares advance
The 30-share BSE Sensex rose 74.61 points or 0.12% to settle at 60,130.71 Key Points
The HinduCrypto taxation in India: What NRIs needs to know
India has clarified the tax implications of Virtual Digital Assets (VDAs), including cryptocurrencies and non-fungible tokens, brought under the definition of VDAs. The gains from the sale of VDAs may fall under either Capital gains or Income from Business and Profession, while losses from one VDA cannot be used to offset gains from another VDA. The tax on gains from the transfer of VDAs will be at a special tax rate of 30%, with no exemption limit applicable. Key Points
Economic TimesSensex, Nifty extend winning streak for 8th day
India Business News: The Nifty 50 closed 0.51% higher at 17,812.40, while the S&P BSE Sensex gained 0.39% to 60,392.77. The Nifty 50 extended gains for the eighth session Key Points
Times Of IndiaBanks, IT lift Sensex 355 pts higher, Nifty atop 17,100; auto, pharma dip
CLOSING BELL: IT major TCS ended marginally in red amid high volatility a day after Gopinathan's resignation. In the broader markets, realty stocks also ended with solid gains. Key Points
Business StandardMarkets extend gains in see-saw trade; metal, banking stocks sparkle
Sensex rose 355.06 points to settle at 57,989.90; Nifty gained 114.45 points to end at 17,100.05 Key Points
The Hindu
Hyundai IPO: Should you buy shares after its listing?
While the buzz surrounding the IPO is palpable, many brokerages are urging investors to take a cautious approach. They advise looking at Hyundai’s long-term growth potential rather than getting caught up in the excitement of quick listing gains. Key Points
India TodaySensex, Nifty gain as IT stocks shine, TCS, Infosys shares jump
The S&P BSE Sensex ended 306.55 points higher at 65,982.48, while the NSE Nifty 50 settled 89.75 points higher at 19,765.20. Key Points
India TodayGlobal Market: Tech stocks push S&P 500 further into bull market
The S&P 500 rose 0.4%, as tech shares drove another session of gains with Tesla Inc. up 5.8% after General Motors Co. announced it’s joining the company’s charging network Key Points
mintRBI MPC, Q3 earnings, FII action among 10 factors to drive D-Street action this week
Nifty ended with weekly gains of 2.3% led by IT stocks. PSU Banks outperformed other sectors. Markets will reopen after a holiday week and react to major domestic and global events. RBI will announce monetary policy decisions. US markets closed with strong gains, influencing Indian markets. Several companies will announce Q3FY2024 earnings. Rupee remained flat against the dollar. Corporate actions include ex-dates and record dates for interim dividends. Technical factors and FII/DII action will also impact the market. Key Points
Economic TimesYear-ender 2023: 86% mainboard IPOs, 82% SME issues delivered listing gains this year
While a large pool of investors focused mainly on listing gains, several IPOs have given better returns ranging from 50% to 140% after the initial phase of listing. About 42 companies continue to hold or deliver better returns than their initial gains. Key Points
Economic Times
No proposal before govt for overhaul of capital gains tax, clarifies I-T dept
This clarification was issued after several sources claimed earlier in the day that India is considering an overhaul of its direct tax laws in order to simplify a complex set of regulations and enable Prime Minister Narendra Modi to address income inequality if he wins election next year. The sources cited people with knowledge of the matter. Key Points
Economic TimesSensex, Nifty end higher on consumer stock rally; FMCG leads gains
The S&P BSE Sensex added 102.44 points to end at 80,905.30, while the NSE Nifty50 gained 71.35 points to close at 24,770.20. Key Points
India TodaySensex, Nifty end at record closing highs as IT stocks rally
The S&P BSE Sensex closed 204.33 points higher at 76,810.90, while the NSE Nifty50 gained 75.95 points to settle at 23,398.90. Key Points
India TodayHow selling equities before March 31 can help you save income tax
Save long term capital gains tax: Individuals can save income tax by booking profits up to a certain limit on equity shares and equity oriented mutual funds held for more than 12 months. This method is called 'tax harvesting' and it is fully legal in India. Here's how to use this method to reduce your tax outgo and pocket some gains. Key Points
Economic TimesSME IPO market witnesses a record run in 2023
Out of the 166 SME companies listed, 136 closed higher on debut and 24 companies recorded over 99.5% gains on listing day. Goyal Salt had the highest listing day gains at 258% followed by Sungarner Energies and Basilic Fly Studio with 216% and 193.4% gains, respectively. The most visible aspect of SME IPOs was the subscription rates, said FYERS. Fifty-one companies reported a subscription rate of over 100 times while 12 witnessed subscription rates more than 300 times. Key Points
Economic TimesWall St ends higher, Treasury yields hit multi-month lows in Fed's wake
By Stephen Culp NEW YORK (Reuters) -U.S. stocks pared earlier gains to close modestly higher on Thursday, while benchmark Treasury yields dropped to multi-month lows after investors rotated out of Key Points
ThePrintSensex, Nifty settle at record closing peaks; IT stocks shine
The S&P BSE Sensex ended 929.60 points higher at 70,514.20, while the NSE Nifty50 was up 256.35 points to settle at 21,182.70. Broader market indices also ended the trading session with stellar gains. Key Points
India TodayStock markets eke out gains in highly volatile trade, extend gains to 3rd day
The broader Nifty 50 of the National Stock Exchange edged up 36.55 points or 0.18 per cent to close at 20,133.15. Benchmark equity indices Sensex and Nifty settle Key Points
The Tribune IndiaMarkets rally for 2nd day on buying in IT stocks, fresh foreign inflows
Tata Consultancy Services, HCL Technologies, Tech Mahindra, Infosys, Bajaj Finance, NTPC, Mahindra & Mahindra and Bajaj Finserv among major gainers. Benchmark equity indices ended with gains on Thursday as sentiments turned buoyant amid fresh foreign inflows and buying in IT counters. Key Points
The Tribune IndiaIndia rupee ends higher but oil companies' dollar buys cap gains
By Jaspreet Kalra MUMBAI (Reuters) - The Indian rupee closed stronger on Monday but underperformed its Asian peers as U.S. dollar demand from local oil companies and importers capped gains. The rupee Key Points
ThePrint
Markets continue to rally for 2nd day on positive global trends
Titan, Tech Mahindra, Tata Motors, JSW Steel, ICICI Bank, Infosys, State Bank of India, and Sun Pharma were the major gainers. Equity benchmark indices Sensex and Nifty ended with gains on Friday in line with positive trends in global markets. Key Points
The Tribune India41 smallcaps deliver double-digit weekly gains even as investors turn cautious
In the midcap segment, only Supreme Industries rose in double-digits with 13% gain. New India Assurance and Crisil were distant close, with 9% and 7% gains, respectively.Among the Sensex pack, Nestle India topped the charts with 3.07% returns, followed by Ultratech at 1.07% and Power Grid at 0.6%. Key Points
Economic TimesBreakout Stocks: Eye on smallcaps! What should traders do with Ahluwalia Contracts & Nucleus Software on T
Sectorally, consumer durables, metal, realty, auto, and banks saw buying, while some selling was seen in oil & gas, and IT counters. Smallcap stocks that are in focus include names like Ahluwalia Contracts rallied over 10% to hit a fresh 52-week high and Nucleus Software closed with gains of 20% on Monday. Key Points
Economic TimesCombining dividend yield & probability of capital gains for income generation
When they are reading about Nifty and Sensex moving upward for the last one month using a word like high dividend yielding stocks may not interest investors. Sometimes these stocks are tactical buys rather than long term investment. where one acquires them for their dividends, keeps them for a medium term and sells them when they give modest capital gains Key Points
Economic TimesSebi cracks down on ‘pump & dump’ schemes, slaps Rs 5.7 crore penalty on 3 entities
It has imposed a penalty of twice the amount made in unlawful gains — Rs 5.68 crore 56.85 million — on three entities, and Rs 5 lakh on the remaining three for violations on their part. Key Points
Financialexpress