Budget 2024: Boost to disposable income augurs well for FMCG companies
The Union Budget 2024 has measures for providing support to poor, women, youth and farmers. There is a provision of Rs 1.5 lakh crore towards education, employment and skilling. These measures augur well for the FMCG companies as they may result in more disposable income.
Is Union Budget 2024 too harsh for stock market? 5 key takeaways for investors
Union Budget 2024 by Finance Minister Sitharaman raised STCG to 20%, LTCG to 12.5%, increased exemption limits, and hiked STT on F&O. It proposed taxing buyback income and aligned it with dividends, allowing capital loss offset. Analysts such as Ashish Nanda and Sanjay Sinha foresee market consolidation and balanced sectoral growth, focusing on fiscal responsibility […]
Disappointed with Budget? Hunt for stocks in these 10 sectors
Aimed at the trinity of fiscal prudence, investment, and growth momentum, the Union Budget saw the introduction of employment incentives and a simplified income tax regime, which should boost consumption.
Tech View: Trending move in Nifty likely after consolidation. Here’s how to trade on Wednesday
Despite recent volatility and a prevailing negative short-term trend, the Nifty Index shows signs of a potential bullish reversal. Tuesday’s sharp buying and the formation of a positive candle pattern suggest an upward shift. If the index surpasses the 24,650-24,700 level, further gains towards 24,850-24,900 are anticipated in the near future. Immediate support is observed […]
Growing shift to promote people to go to new tax regime: Hemal Zobalia, Deloitte India
In some cases, they completely exempt capital gains on considering as something that gives impetus to growth. But today, if you are in FM’s position, you need to raise revenues from somewhere. If you are going to give push to infrastructure, to R&D, I guess this was an area where she felt that she can […]
Budget’s focus on real economy to turbocharge economic growth: Nilesh Shah
I clearly believe that this budget focuses a lot on the real economy and that is something which probably yet is getting kind of ignored in context of some of the tax hikes.
Federal Bank shares rally over 5% to fresh high on new CEO appointment. Should you invest?
Shares of Federal Bank surged 5.5% to a new high after announcing the appointment of Krishnan Venkat Subramanian as the new MD & CEO. Brokerages view this positively, citing his strong banking background and experience.
ITC is the only Sensex stock with 90% win rate on Budget days
ITC Stocks on Budget: ITC leads Sensex stocks on Budget days with nine positive returns (avg. 1.47%). IndusInd Bank follows at 80%. Worst ITC day was in 2020 due to excise duty hike. Analysts foresee no further hikes; Prabhudas Lilladher raised ITC weight citing stable taxes and business growth. Motilal Oswal projects cigarette volume and […]
Budget needs to deliver for markets to move higher: Sandip Sabharwal
They should be bold and give around one-and-a-half lakh crores of relief to individual taxpayers because the multiplier on this is very high. So, one-and-a-half lakhs crores of tax break can actually lead to ultimate incremental consumption boost of nearly three times of that, four-and-a-half lakh crores.
Polls, heatwave hit loan collections in Q1, asset quality declines
Indian lenders such as HDFC Bank, Kotak Mahindra Bank, RBL Bank, and Union Bank of India are experiencing a decline in asset quality, with increases in fresh slippages and gross NPAs. Factors like a heatwave, elections, and seasonal issues are contributing to the challenges faced by these financial institutions.