NSE Nifty 50 may hit a new record high in this new financial year, surpassing the previous all-time high of 18,604.45, says Sanjiv Bhasin, Director, IIFL Securities. In today’s session, Nifty 50 surpassed 18,100 level, first time after 19 January 2022. In the previous fiscal, the 50-share index offered 19 per cent returns to the […]
Earnings results from major retailers in the coming weeks will test the strength of the U.S. stock market rally, as investors gain insight into the health of consumer spending and the fallout on company bottom lines from inflation.As a tepid fourth-quarter results season comes to an end, Walmart and Home Depot are set to report […]
The government hiked the securities transactions tax, or STT, on the sale of futures and options in the Finance Bill passed in the Lok Sabha on Friday. For sale of futures in securities, the STT rate has been increased from 0.01% to 0.0125%, which translates to an increase of 25%. This means that for a […]
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