Bleeding red! 71% retail traders making losses in intraday segment, finds Sebi study
Markets regulator Sebi has validated a well-known secret on Dalal Street – most retail intraday traders don’t make money. According to a study by Sebi, 71% of individual traders in intraday equity segment incurred losses during FY23, up from 65% in FY19 and 69% in FY22.
Radhakishan Damani offloads 1.7% stake in VST Industries, takes home Rs 107 crore
Among the public shareholders, Damani held about 34.66% in the company. Damani raised stake in VST Industries during the June quarter by 2%. At the end of March quarter, the investor had held about 32.7% in the company, according to data from Trendlyne.
Baring Private Equity likely to sell a 7.9% stake in RBL Bank on Thursday
IIFL Securities is the sole book runner for the deal. According to the term sheet issued by IIFL, Maple II BV, an entity of BPEA, is offering to sell 4.78 crore shares of the bank at a floor price of Rs 226 per share — a 5% discount to Wednesday’s closing price of Rs 237.95.
Budget 2024: Realty, banks, defence among 9 sectors that appear short term losers. Here’s why
As the dust around the Union Budget 2024 settles down, potential losers in the market as a result of announcements or rather lack of it, are coming to the fore.
Tech View: Nifty forms High Wave candle ahead of Thursday expiry. Here’s how to trade next
According to Nagaraj Shetti of HDFC Securities, the Nifty has breached the 10-day EMA support level and is now hovering near the 20-day EMA support level of approximately 24,270. These moving averages have held strong for the past 5-6 weeks, and the market’s failure to remain above these levels could trigger a significant downturn.
GIS mapping should be done jointly by government and companies like MapMyIndia: Rohan Verma
Rohan Verma, CEO of MapMyIndia, highlighted the potential of GIS mapping and the ULPIN system to revolutionize land records in India. The initiative aimed to boost social harmony, economic benefits, and efficient urban planning. Verma criticized monopolistic global map providers and unreliable local competitors, stressing MapMyIndia’s proven track record in accurate mapping solutions.
Tax tension drags Sensex down 600 points but retail investors keep partying. Should you tweak strategy?
Despite a drag from banks and other financial stocks on Sensex and Nifty due to a capital gains tax hike in the Budget, smallcaps and midcaps continued rallying unaffected by the Finance Bill changes. Sensex plummeted around 500 points, led by HDFC Bank, ICICI Bank, Axis Bank, and Bajaj twins with losses up to 3%. […]
Big movers on D-Street: What should investors do with Indian Hotels, JSW Steel and BPCL?
The market saw marginal decreases as the government proposed increasing the securities transaction tax on futures & options. Indian Hotels, JSW Steel, and BPCL were in focus. Expert advice recommends buying Indian Hotels and BPCL while avoiding JSW Steel at the moment.
Budget well-balanced; to focus on inclusive growth in economy: Dinesh Kumar Khara
Dinesh Kumar Khara emphasized the Budget’s focus on employment, skilling, MSMEs, and youth, essential for inclusive growth. Initiatives include agriculture productivity, PMAY in urban development, nuclear plants for green energy, KCCs for rural credit, improved road infrastructure, and lower fiscal deficit. Private sector capex, green energy, and tax tweaks on market instruments are also highlighted.
Modi Budget prioritizes jobless voters who spurned him at polls
Modi’s government will invest 2 trillion rupees to address a 40% youth jobless rate through tax breaks, job incentives, and backing for Andhra Pradesh and Janata Dal (United). Despite over 8% growth, challenges persist. Rahul Gandhi criticizes as hollow promises. Budget deficit to drop to 4.9% of GDP with a $25 billion dividend.