Paytm stock is staring at a muted listing today after India’s largest IPO to date. Paytm’s Rs 18,300-crore public issue got a decent 1.89 times subscription, but grey market premium has vanished since then, amid concerns of overvaluation. At about 45x sales, and a market capitalisation of Rs 1.4 lakh crore, Paytm stock is not […]
Shares rose and bonds rallied worldwide on Wednesday as investors tiptoed into the new year with tentative optimism after a brutal 2022, looking to encouraging inflation data for hope that rate hikes might be less aggressive than feared. The pan-European STOXX 600 was up 1.15% by 1130 GMT as a lower inflation reading from France […]
Jindal Stainless on Thursday said it will generate over 1.9 billion units of clean electricity per year through its green energy initiatives. The initiatives have the potential to reduce carbon emissions by over 13.52 lakh tonnes per annum. “Jindal Stainless… will generate over 1.9 billion units of clean electricity per annum through its wind-solar hybrid, […]
RBI MPC Meeting 2023 Highlights: Reserve Bank of India Governor Shaktikanta Das-headed Monetary Policy Committee has decided not to raise the repo rate, keeping it at 6.5%. The RBI MPC, with a 5:1 majority, maintained the withdrawal of accommodation stance. The RBI also stated the real GDP growth projection for FY24 is at 6.5%. However, […]
By Rohan Patil Benchmark index continues to trade in a higher high higher low formation and has taken a support near its lower band of the channel pattern on the weekly time frame. On Friday prices witnessed a sharp reversal from its lower band of the flag pattern on the daily interval and closed above […]
The Central Board of Direct Taxes (CBDT) has clarified that any payment made by the buyer or seller in a transaction facilitated by the e-commerce operator (ECO), shall be included in the gross amount of sales of goods or services for the purpose of 1% Tax Deduction at Source (TDS). In Budget FY20, the TDS […]
By Subash Gangadharan Daily chart indicates Nifty has reversed its recent downtrend as it has crossed the previous swing high of 16816 and has now surged even higher. The 14-day RSI too has made a double bottom and is in a rising mode now. Upside acceleration towards the 17272 levels is likely once the Nifty […]
The equity indices tumbled on Monday, with the Sensex falling 897.28 points, or 1.52%, to 58,237.85 ― its lowest in five months since closing at 57,919.97 on October 14, 2022. The benchmark has been in a free fall, having lost 2,110 points, or 3.54%, in the last three sessions. The broader Nifty50 slumped 258.60, or […]
By Siddhant Mishra The markets cheered the Budget announcement of not to tinker with capital gains tax, but a proposal to tax income from market-linked debentures (MLDs) as short-term capital gains has come as a rude shock. MLDs differ from regular non-convertible debentures or NCDs, which come with regular interest payouts, as investors get their […]
Stock Market Today, Nifty, Bank Nifty: Benchmark indices NSE Nifty and BSE Sensex may remain volatile on weekly F&O expiry amid mixed global cues. The Nifty futures on the Singapore Exchange (SGX) were trading 57 points or 0.32% lower at 18,103 in today’s early morning trade. Asian markets were trading in green – Hong Kong’s […]
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