Experts Financial News

Tube Investments of India Ltd. traded 0.9 per cent down at Rs 3320.0 on Tuesday at around 01:24PM (IST), while the benchmark BSE Sensex advanced 305.47 points to 69170.59. As many as 3,945 shares changed hands on the counter with a total value of Rs 1.31 crore.

In Tuesday’s trading session, the following five stocks witnessed a build of fresh long positions. Lets first understand how this conclusion is reached that whether the stock has seen a buildup of fresh long position or not.

BNB (0.8%), Avalanche (2%), and Polkadot (0.1%) were trading in the green, while Ethereum (-0.45%), XRP (-1.8%), Solana (-6.9%), Cardano (-0.6%), Polygon (-3.2%) and Dogecoin (-0.3%) were trading in the red. However, the global cryptocurrency market cap surged by 0.44% to around $1.55 trillion in the last 24 hours. At 11.30 a.m., BTC was trading 1% higher at $41,900. In the last 24 hours, the market cap of Bitcoin, the world's largest cryptocurrency, surged to $819 billion. «Speculation around an impending approval of Bitcoin spot ETF has fueled the asset into a 19-month high near $42,000. While BTC encounters strong resistance at this level, once breached, there is a clear path to $48,000 in the upcoming weeks,» said Vikram Subburaj, CEO of Giottus Crypto Platform.

cashless medical treatment facilities for victims of road accidents across India within the next few months. This initiative will be part of the amended Motor Vehicle Act 2019 (MAV2019) and will be fully implemented nationwide.

stocks declined in trade on Tuesday, which pulled the benchmark indices off their lifetime highs. The Nifty IT index fell nearly 1% to 32343.90 points, and the Nifty 50 was trading 0.5% up at 20786.05. The 50-stock index scaled a record high of 20849.60 points. Barring Tata Consultancy Services, most other IT majors fell in trade.

stocks witnessed a build of fresh short positions. Lets first understand how this conclusion is reached that whether the stock has seen a buildup of fresh short position or not.

ICICI Lombard General Insurance Company Ltd. traded 0.08 per cent up in Tuesday's trade at 01:19PM (IST). Around 9,288 shares changed hands on the counter.

Tata Elxsi Ltd. fell 0.36 per cent to Rs 8370.0 at 01:29PM hours (IST) on Tuesday. Earlier in the day, the stock saw a gap up start to the session.

GAIL (India) Ltd. traded 0.73 per cent down at Rs 140.85 at 12:58PM (IST) on Tuesday, even as BSE benchmark Sensex gained 351.62 points to 69216.74. The scrip had closed at Rs 141.9 in the previous session.

Gautam Adani is now the 16th richest man globally. His rank rose three places in the Bloomberg Billionaires Index in less than a week, thanks to a stellar 30% gain in two sessions, which has seen his fortunes surge by over $4.41 billion. His wealth now stands at $70.2 billion.

Tata Power Company Ltd. traded at Rs 280.3 on BSE at 01:04PM (IST) on Tuesday, down 0.42 per cent from previous close. The scrip quoted a 52-week low price of Rs 182.45 and a high of Rs 286.0.

Siemens Ltd. slipped 0.43 per cent to Rs 3789.35 in Tuesday's trade as of 12:53PM (IST). It hit a high of Rs 3849.8 and low of Rs 3780.0 during the session.

Crompton Greaves Consumer Electricals Ltd. traded at Rs 296.15 on BSE at 12:33PM (IST) on Tuesday, up 0.47 per cent. The stock quoted a 52-week low price of Rs 251.25 and a high of Rs 374.6.

SBI Cards and Payment Services Ltd. rose 0.2 per cent to Rs 750.0 in Tuesday's trade. It hit an intraday high of Rs 759.6 and low of Rs 748.3, respectively, during the day.

PI Industries Ltd. slipped 1.51 per cent to Rs 3806.95 in Tuesday's trade. It hit a high of Rs 3899.95 and low of Rs 3799.0 during the session.

DLF Ltd. traded 0.4 per cent down at Rs 646.8 on Tuesday at around 12:43PM (IST), while the benchmark BSE Sensex advanced 268.3 points to 69133.42. As many as 237,244 shares changed hands on the counter with a total value of Rs 15.4 crore.

Varun Beverages Ltd. fell 0.64 per cent to Rs 1064.7 in Tuesday's session as of 12:02PM (IST) even as the equity benchmark Sensex traded 236.95 points higher at 69102.07. Earlier in the day, the stock witnessed a gap up start to the session.

On the technical charts, the 200-DMA of the stock stood at Rs 646.5, while the 50-DMA was at Rs 687.91. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered a bearish trend and if trades between these averages, then it suggests the stock can go either way.

I retired on 30 June 2023. I have an EPF corpus of Rs 85 lakh. If I don’t withdraw from it, will the interest earned be subject to tax? Is it better to transfer the EPF corpus to my NPS tier 1 account to earn tax-free interest and growth? Please advise on how to grow my corpus to beat inflation in a tax-efficient manner. Amit Maheshwari, Partner, AKM Global: According to the provisions of the Income-tax Act, 1961, and aligned rules, withdrawal of EPF corpus on retirement, after a continuous service of at least five years, will be tax-exempt under Section 10(12).

Swan Energy jumped over 9% to the day's high of Rs 457.10 on the NSE on Tuesday while those of Sanghi Industries soared 5% to Rs 129.25 following separate block deals. In the case of Swan Energy, 8,499,319 shares were sold for Rs 414 per share according to the information available on the NSE. The stock saw significant volume action following the deal with nearly 87 lakh shares changing hands on the NSE around 10:10 am. The stock is trading near its 52-week high of Rs 463.80 which it hit on November 12, 2023.

Page Industries Ltd. fell 0.52 per cent to Rs 37274.0 in Tuesday's session as of 12:07PM (IST) even as the equity benchmark Sensex traded 244.92 points higher at 69110.04. Earlier in the day, the stock witnessed a gap up start to the session.