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 […]

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 […]

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.