Experts Financial News

₹50 lakh, for assessment year (AY) 2024-25. The I-T Department notified the forms on Friday. “Changes introduced in new ITR forms 1 and 4 notified for Assessment Year 2024-25.

Given that the valuations of small-caps and mid-caps are elevated, investors should look at multi-cap funds to diversify across market segments and ensure some systemic risk is mitigated, say experts. The investment mandate for multi-cap funds warrants that a minimum of 25% be invested in each of the three market cap segments, irrespective of market conditions, to generate optimal returns.

The Nifty IT index has given a staggering 25% returns year-to-date (YTD) despite periods of downturns, outperforming the benchmark Nifty 50 by more than 7%. Similarly, the BSE IT index has rallied more than 26% in 2023, compared with the 16% gains in Sensex. But if one looks at the performance of the sector, then the outperformance is not broad-based among stocks. Smallcap stocks have given stellar returns and outperformed the largecap peers by a wide margin. Atleast 19 smallcap IT stocks gave multibagger returns of upto 513% in 2023, data by Ace Equity showed.

Big ticket privatisation plans such as that of Bharat Petroleum Corporation Ltd (BPCL), Shipping Corporation of India (SCI) and CONCOR are already on the backburner and analysts feel meaningful privatisation can happen only after April/May general elections. In the current fiscal, out of the budgeted amount of Rs 51,000 crore, about 20 per cent or Rs 10,049 crore has been collected through minority stake sales via IPO (Initial Public Offering) and OFS (Offer For Sale).

Ajit Banerjee, Chief Investment Officer of Shriram Life Insurance Company says he is positive about the domestic market for 2024 and expects the foreign capital inflow to continue. Edited excerpts: Indian markets have undisputedly been one of the best-performing markets in the world in the calendar year 2023 (CY23).

China stocks slipped on Monday, with online gaming shares extending their decline of the previous session as China's new rules to curb spending on video games dented sentiment despite regulators' latest efforts to soothe investor concerns. The Hong Kong market is closed for the Christmas holiday. ** The blue-chip CSI 300 Index slipped 0.1% and the Shanghai Composite Index was down 0.3% by the midday recess. ** China's CSI Anime Comic Game Index slumped 4.9%, extending a 10% tumble in the previous session. ** The weak sentiment towards the sector persisted despite a statement from regulators on Saturday that they would make improvements to the proposed rules after «earnestly studying» public views on them. ** The proposed rules aim at curbing money and time spent on video games, dealing a blow to the world's biggest games market and knocking the value of Tencent Holdings, Netease and other gaming stocks. ** On Monday, shares in gaming companies Giant Network Group, 37 Interactive Entertainment Network and Kingnet Network were all down their 10% daily limit. ** Stocks in the media sector tumbled 2.6%, while defence shares gained 1.6%.

BSE. All the segments including, the equity segment, derivative segment, and SLB segment will be closed today. The Multi-Commodity Exchange (MCX) will also be closed for both morning and afternoon sessions. In the entire calendar year, the markets have had 15 annual holidays in 2023, two more than last year. In the previous week marked by heightened activity in the IPO space and increased volatility, equity indices saw marginal declines following seven consecutive weeks of gains. Foreign investors, meanwhile, maintained a net selling stance throughout the past week, divesting over Rs 6,000 crore.

Santa Claus rally, typically associated with an upsurge in stock prices in the last five trading days of December and the first two days of January, may have already played out in Nifty ahead of its time, but the stage looks set for smallcaps. A study of the performance of Nifty Smallcap 100 during these 7-day periods over the last 11 years shows that the index has delivered positive returns every single year during the last five trading days of December and the first two days of January. Last season's Santa rally was the best in recent times, as the smallcap barometer jumped 7% in 7 days. “Nifty Smallcap 100 index has never closed in the red during this period in the last 11 years. Thus, one must watch out for a Santa rally in smallcaps during this period,” Apurva Sheth of SAMCO Securities told ETMarkets. Just like smallcaps, the bluechip Nifty, too, has a track record of giving positive returns in the last 19 out of 22 years. “Thus, data indicates a strong reason to believe that the index could continue this trend this year, too.

During 2023, the largecap indices in India saw significant rallies. However, the current returns on these indexes for one- and two-year horizons remain lower than the corresponding long-term averages. Returns on mid and small cap indices, on the other hand, have been much greater than the respective long-term averages.

2024 Market Strategy: What investors should stay away from next year? The robust investor enthusiasm has translated into impressive subscription rates during the bidding process. Consequently, these SME stocks have made market debuts with substantial premiums, surpassing their issue prices by a considerable margin. Building on this momentum, the last week of 2023 will witness another six SME companies raising funds, while stocks of 10 companies are scheduled to make their debut on the exchanges.

IRCTC share price: After ushering in financial year 2023-24, Indian Railway Catering and Tourism Corporation (IRCTC) shares have been in continuous uptrend. IRCTC share price bottomed out at around ₹560 apiece levels at the end of March 2023 and since then it has remained an ideal buy on dips stock for Indian stock market investors. Last week, IRCTC share price touched 52-week high on two straight sessions on Monday and Tuesday.

Fresh inflows under FCNR(B) which eliminates currency risk for NRIs, touched $2 billion in April-October, compared with an outflow of $841 million in the same period a year ago, showed the latest Reserve Bank of India (RBI) data published in its monthly Bulletin. Overall, fresh NRI deposits doubled to $6 billion during the April-October of 2023, from $3 billion in the same period a year ago. «Relatively higher interest rates happen to be one of the driving factors,» said Madan Sabnavis, chief economist at Bank of Baroda.

National Pension Scheme (NPS) is pouring funds into government securities, with the pace of bond investments being driven not only by state employees' default retirement plans but also a potential reduction in risk appetite for equities amidst steep valuations and higher interest rates. Latest data published by the Reserve Bank of India showed that the ownership of government bonds by pension funds was at a high of 4.32% of the outstanding stock of ₹103 lakh crore, or ₹4.48 lakh crore, in the quarter ended September. In the quarter ended March 2023, the ownership of government bonds by pension funds was at 3.50% of outstanding stock or ₹2.98 lakh crore. According to pension fund managers, the ownership of government bonds by pension funds can be broadly taken as a proxy for NPS investments in debt.

Reserve Bank of India (RBI) is in talks with banks and the government for more stringent measures to ensure that banking channels are not misused for illegal forex trading. In a letter to all stakeholders last month, the RBI sought suggestions on the matter and also urged them to create greater public awareness. Earlier this year, the Directorate of Enforcement arrested two businessmen in connection with illegal activity. 75 entities in alert list so far The investigations revealed that the Kolkata-based accused controlled and managed 180 bank accounts, from which Rs 120 crore was seized. «There would be far more scrutiny by banks on account holders making forex transactions on non-authorised platforms, including apps,» said one of the officials who didn't want to be named.

snapped its longest weekly winning streak in six years, over profit booking at record high levels earlier in the week. On the weekly front, the BSE benchmark declined 376.79 points or 0.52 per cent and the Nifty dipped 107.25 points or 0.49 per cent - dragged by the fall in recent outperformers like financials and auto stocks.

BSE website, the Motisons Jewellers share price will list on BSE and NSE on 26th December 2023 in the 'T' group of securities. Motisons Jewellers IPO listing will take place in a special pre-open session. "Trading Members of the Exchange are hereby informed that effective from Tuesday, December 26, 2023, the equity shares of Motisons Jewellers Limited shall be listed and admitted to dealings on the Exchange in the list of 'T' Group of Securities," BSE notice said adding, "The scrip will be in Trade-for-Trade segment for 10 trading days." Meanwhile, after the announcement of Motisons Jewellers IPO listing date, the grey market is signaling a strong debut of shares.

BSE website, Muthoot Microfin share price will list on BSE and NSE on 26th December 2023 in 'B' group of securities. Muthoot Microfin IPO listing will take place in a special pre open session during Tuesday deals this week. "Trading Members of the Exchange are hereby informed that effective from Tuesday, December 26, 2023, the equity shares of Muthoot Microfin Limited shall be listed and admitted to dealings on the Exchange in the list of 'B' Group of Securities," BSE notice said.

Suraj Estate IPO: Listing date of the initial public offering (IPO) of Suraj Estate Developers Ltd has been fixed on 26th December 2023. As per the information available on BSE website, Suraj Estate share price will list on BSE and NSE on 26th December 2023 in 'B' group of securities. Suraj Estate IPO listing will take place in a special pre open session during Tuesday deals this week.

NPS benefit offered by his company, and invests in the pension scheme on his own as well. As a first step, Tomar should inform his company that he wants to opt for the old tax regime. Several deductions available to him will not be considered under the new regime.

Amit Sareen is saving for his children’s education and retirement. Here’s what the doctor advises: PORTFOLIO CHECK-UP

1.PMI is a lead economic indicator computed on the basis of data from different companies. 2.It is computed on the basis of survey of employment, new orders, production, inventory levels and supplier deliveries. 3.This index helps in determining whether the market conditions, as seen by purchasing managers, is expanding, contracting or staying the same. 4.The PMI above 50 indicates an expansion compared to the previous month; below 50 PMI indicates contraction; and stable at 50. 5.The PMI gives an idea about the direction of economy.