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 […]
By Nagaraj Shetti The range-bound action continued in the market on Wednesday and the Nifty 50 closed the day lower by 27 points amidst a range-bound movement. After opening lower on Wednesday, the market slipped into further weakness soon after the opening. It later shifted into a gradual upside recovery for the better part of […]
By Nagaraj Shetti After witnessing a massive sell-off during the later part of Tuesday’s trade, Nifty showed a sustainable upside bounce on Wednesday and closed the day higher by 177 points. After opening with an upside gap of 87 points (body gap, not a western gap), the market showed range movement with a positive bias […]
Pune-based leading forging firm, Bharat Forge Q3FY23 standalone revenue of Rs 1,950 crore +22% y-y was 1-3% was above our forecast and the Bloomberg consensus estimate. Ebitda margin at 25.3% was impacted by -40 bp q-q decline in raw material (RM)/sales at 44.1%. Overseas subs Ebitda margin remained weak at -5.8%. Management commentary: Our view: […]
Domestic indices were trading broadly in green in the opening trade on Wednesday as investors waited for the Budget announcement which is scheduled to be presented today by Finance Minister Nirmala Sitharaman. The BSE Sensex rose 539.99 points or 0.91% to 60,089.89 and the Nifty 50 gained 143.70 pts or 0.81% to 17,805.85. The top […]
Sebi has imposed a penalty totalling Rs 20 lakh on Future Corporate Resources, Kishore Biyani and 13 others for failing to make a public announcement of an open offer to the shareholders of Praxis Home Retail. They have been asked to pay the fine within 45 days, the Securities and Exchange Board of India (Sebi) […]
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