Debt funds & target maturity funds vs FDs: Who is the winner? Feroze Azeez explains
“The short-term capital gains tax is only 15% and long term capital gains after one year is just 10%. I think an arbitrage fund is going to have a large flight of capital from the other debt categories which from April 1, have become less efficient from the taxation standpoint.”
Oil price stable as markets weigh OPEC+ surprise cuts amid demand woes
“While the price action in crude is impressive, we will need to see demand hold and grow to push crude into the upper $80’s,” says Dennis Kissler, senior vice president of trading at BOK Financial
Indian Energy Exchange trade volume dips 4% on-year to 9,212 m units in March
It achieved 9,212 MU overall volume in March 2023, including green market trade of 391 MU, 8.69 lac RECs (equivalent to 869 MU) and 22,881 ESCerts (equivalent to 23 MU), a statement said.
Infosys to announce Q4 results on April 13, all eyes on FY24 outlook
This got aggravated by the financial instability in the regions following the collapse of Silicon Valley Bank and the crisis in Credit Suisse.
US stocks muted as investors await economic data, Tesla gains
The Dow Jones Industrial Average rises 0.02%, the S&P 500 is up 3.91 points
Pakistan rupee falls all-time low against US dollar
Pakistan’s rupee hit a record low against the US dollar on Tuesday, with the interbank market closing at 287.29 against the greenback. The figure is down 0.78% on Monday’s close of 285.04. The country has missed deadlines to receive IMF funding, with the lending institution asking Pakistan to secure new loans from Saudi Arabia and […]
Dalal Street analysts are most bullish on these 10 Nifty stocks
The number of bullish estimates is the sum of ‘strong buy’ and ‘buy’ calls from analysts covered by the forecaster data set.
Richard Branson’s Virgin Orbit files for bankruptcy, to seek buyer
The Long Beach, California-based company lodged the filing in the U.S. Bankruptcy Court for the District of Delaware seeking a sale of its assets after announcing the layoff of roughly 85% of its 750 employees last week.
Rupee likely to strengthen towards 79 by end-FY24: UBS Securities
Narrowing current account deficit will help the Indian rupee appreciate against the US dollar to around 79 by the second half of the current fiscal year, according to Tanvee Gupta Jain, the chief India economist at UBS Securities. While expecting the rupee to be volatile in the short term, Jain sees the local unit gain […]
After a swift ride in FY23, will auto stocks maintain speed in FY24 or slow down?
A strong growth in demand for passenger vehicles, particularly premium cars, has aided the earnings growth of four-wheeler makers and also prompted them to scale up capital spending and line up new launches.