Experts Financial News

Goldman Sachs (GS) has issued a neutral call on BSE Ltd., revising its target price downward to Rs 4,230 per share, citing potential headwinds from the recent changes in the options market expiry schedule by the NSE. The key concern highlighted by the brokerage is the impact of NSE’s shift in weekly option contract expiry days. Effective January 1, 2025, NSE will move its expiry day to Monday, while BSE’s will be Tuesday, creating an asymmetry in the options market.

income tax only when you sell your holdings. While you need to pay taxes on your gains, you also get an opportunity to save taxes in case you incur losses. Short-term capital loss on selling equities can be adjusted against any short-term or long-term capital gains on selling equities. When it comes to long-term capital loss it can be adjusted only against long-term capital gain on equities. You are also allowed to carry over the losses for future years. This method, which is called tax harvesting method allows individual taxpayers to not pay capital gains tax on their equity shares and mutual funds. However, this method can only be effectively used only if you have long term capital gains (LTCG) on equities up to Rs 1.25 lakh or have any significant loss from equities. The reason for this is because LTCG up to Rs 1.25 lakh is non-taxable though you need to declare this income in the ITR. However, if you have any significant loss, then you can set off it against any capital gains in future and can even carry it forward for up to eight years. The best part is that the new tax regime does not specifically alter the rules for claiming capital gains losses. Moreover, the new tax regime maintains the same rules as the old tax regime for carrying forward losses.

crude oil prices has fueled a rally in state-run oil marketing companies (OMCs), with stocks gaining up to 16% over four consecutive sessions. Investors are optimistic that lower crude prices will boost OMC margins, but several headwinds persist, including higher crude oil imports from the US, LPG under-recoveries, and a depreciating rupee. The crude prices are currently at a 3-year low and Brent has slipped below the $70/ bbl mark while the US WTI is hovering around $66/bbl.

Silver, however, traded positively, with its March futures contracts on MCX opening higher by 0.36% or Rs 354 at Rs 97,896/kg.

Zerodha co-founder and CEO Nithin Kamath, who was named EY Entrepreneur of the Year 2024, struck a cautionary note on social media, hinting that his accolade might be a delayed indicator of a market peak. «This is what the top of the bull market looks like with a lag . A broker winning the @EY_India entrepreneur of the year 2024,» Kamath posted on X, formerly Twitter, on March 6. He added a cinematic touch to his reflection, referencing the melancholic Bollywood song Zindagi Kaisi Yeh Paheli from the 1974 film Anand, a song that contemplates the unpredictable nature of life, which played in the background as he received the award, adding a reflective, almost ironic undertone to the moment.

Cadaver dogs of Kerala Police will be joining Telangana tunnel collapse rescue operation, the state government said on Thursday. The cadaver dogs (that are specially trained to locate missing humans, human bodies) and the officers handling them left for Hyderabad on Thursday morning, Kerala government said in a statement. The dogs were sent for the rescue operation following a request by the State Disaster Management Authority whose help in the matter was sought by the National Disaster Management Authority, the statement said.

A similar surge in late February triggered heatwave warnings for two consecutive days, February 25 and 26. The India Meteorological Department (IMD) has forecasted even hotter days ahead, predicting a maximum temperature of 38°C on Sunday.

Indian Railway Finance Corporation (IRFC) shares surged 3.14% to an intraday high of Rs 121.45 on the BSE on Thursday as the company aims to improve margins by expanding lending beyond railway projects. The newly designated Navratna PSU is exploring financing metro projects and other infrastructure linked to Indian Railways, officials said. In addition, IRFC is assessing opportunities to refinance loans disbursed by multilateral institutions such as the World Bank. This move is significant given the fluctuations in the cost of dollar-denominated borrowings.

Market expert and Quant Mutual Fund’s CIO Sandeep Tandon advised investors to stay mentally resilient as markets undergo a correction, emphasizing that market cycles demand patience and perspective ash e acknowledged that after four years of extraordinary returns from 2020 to 2024, investor expectations had soared, making the current 15-20% correction feel more painful than usual. However, he reassured that such pullbacks are a natural part of both structural and cyclical bull runs and that the market is showing signs of bottoming out.

live-fire military exercises in Pocheon, South Korea, a fire official said. An official at Gyeonggi-do Bukbu Fire Services said out of the eight people who had been wounded, four were seriously hurt. Pocheon is about 40 kilometres (25 miles) northeast of Seoul and near the heavily militarised border with North Korea.

Supreme Court Wednesday admitted a petition that sought judicial intervention to form an expert panel to investigate the side-effects of Covid vaccination. The petition was filed by the parents of two young women who died allegedly due to the side-effects associated with Covid vaccination. They had sought compensation and a scrutiny of vaccination records and treatment protocols. The parents, in their additional petition, wanted renowned medical practitioners Amitav Banerjee, Jacob Puliyel and Sankha Shubra Chakrabarti, to be included in the scrutiny board.

BSE Sensex surged by 740 points while Nifty snapped its 10-day losing streak on Wednesday following value buying in utilities and power shares and a strong trend in global markets. Stocks that were in focus include names like Quadrant Future Tek, which spiked 18% and Varun Beverages, which declined 0.3% and Coforge, whose shares gained 8% on Wednesday.

LIC Housing Finance shares will be in focus on Thursday after the company’s board approved a borrowing plan of Rs 1.23 lakh crore for FY26 through loans, bond issuances, and other instruments. The board, based on the audit committee’s recommendation, approved a total borrowing budget of Rs 1,22,500 crore for the next financial year, the company said in a stock exchange filing.

Market corrections alone do not create investment opportunities- what matters is whether stocks have corrected to their fair value, says Sanjeev Prasad of Kotak Institutional Equities. He pointed out that despite sharp price declines, many stocks, particularly in the consumer staples sector and speculative "narrative stocks," remain overvalued. Meanwhile, he identified select banking stocks as one of the few areas where investors can still find value. «Just because the stock has corrected does not mean anything in isolation. Has it corrected to the right level in terms of value? That is the question to ask,» he asserted.

investors need a strategic and adaptable approach to mutual fund investments. In an interaction with ETNow, Sandeep Tandon of Quant MF emphasized the importance of flexibility and diversification, particularly in a risk-off market phase where rapid shifts in sentiment can make portfolio management challenging. Rather than chasing high-risk thematic funds, he advocates for flexi-cap and multi-asset funds, which allow professional money managers to navigate market volatility more effectively.

Subscribe to enjoy similar stories. Here are the top stock recommendations for today by NeoTrader’s Raja Venkatraman, Ankush Bajaj, and MarketSmith India. Buy above: ₹785 | Stop loss: ₹763 | Target: ₹885 The capital goods sector is going through a rough patch, but this counter has shown some resolve.

PSG have played against each other in European competitions four times, with each side winning twice.

telecom gear contract for upgrading Bharat Sanchar Nigam (BSNL) network to 5G, people familiar with the matter said. While a final decision is yet to be taken, this still marks a major shift in the government's thinking as it had till now backed only indigenous technology for the state-run carrier's 4G services, and also for 5G upgradation. The change in the government's stance comes amid growing recognition of the need to accelerate upgradation of BSNL's countrywide 5G mobile broadband rollout to boost its market competitiveness.

rupee liquidity. However, the trading position would impact the market's view on how much it could erode future foreign exchange reserves, experts said. RBI's net short positions in the forward book reached a record high of $77.5 billion as of January 31, with the majority of positions in the three-month to one-year tenure at $30.6 billion, central bank data showed. The RBI also did two dollar-rupee buy-sell swaps in February — $5 billion for a six-month tenure and $10 billion for a three-year tenure.

clinical research organisations in India will have to get registered with the country's drug regulatory authority by April 1, in what could bring more transparency and accountability to the clinical research industry in India. Online registration of clinical research organisations is now functional on the SUGAM portal, the Drug Controller General of India (DCGI) said in an order dated March 4. Applications for registration should be submitted only through the SUGAM portal, it said.