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NEW DELHI : The full-year budget, to be presented in Parliament after the national elections, will likely focus on expenditure reforms and encourage businesses and individuals to shift to the new simplified and exemption-less tax regime, said Bibek Debroy, the chairperson of Prime Minister Narendra Modi’s Economic Advisory Council (EAC-PM). In an interview, Debroy said by the time the full-year budget is presented, the terms of the Sixteenth Finance Commission to decide on the sharing of the Centre’s divisible pool of taxes with states for the five years from 2026-27 will come out, indicating overall expenditure reforms needed at central and state levels. India’s economy is expected to grow in the range of 6.5-7% in the medium term, Debroy said.

By Jonathan Landay

HDFC Bank Ltd Bagaria has recommended a Buy on the HDFC Bank stock at ₹1547 and up to ₹1510 for a target price of ₹1700 to 1780. On the daily chart the stock has bounced from support of 1490 levels and currently trading at 1547 forming a three rising soldiers pattern, as per Bagadia More over the stock has also crossed the initial resistance of 1545 which is also close to its 20 day EMA levels .

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We don’t support this browser anymore. This means our website may not look and work as you would expect. Read more about browsers and how to update them here.

We don’t support this browser anymore. This means our website may not look and work as you would expect. Read more about browsers and how to update them here.

Relative Strength Index (RSI), an invaluable indicator for measuring stock price momentum. Understanding RSI and its significance is pivotal to deciphering why some stocks are on a downtrend. The Relative Strength Index (RSI) is a widely-used momentum oscillator that gauges the speed and magnitude of price movements.

Let's explore the performance of these stocks. (Data Source: StockEdge) 1. Hero MotoCorp Hero MotoCorp, the world's largest two-wheeler manufacturer, saw its 50-day SMA at Rs 2,997.36.

Stock split 2023: Shares of Rudra Global Infra Products Ltd are one of those stocks on BSE that has hit upper circuit during Thursday deals. In fact, this small-cap stock has locked-in 5 per cent upper circuit on all sessions this week.

equity mutual funds slumped by over 30 per cent month-on-month to ₹14,091 crore in September. Despite the decline, inflow through SIPs (Systematic Investment Plans) hit a fresh all-time high of ₹16,042 crore last month.

Tata Consultancy Services (TCS) share price tumbled 1.78% to Rs 3,545.40 today, a day after the IT major reported 8.7% growth to Rs 11,342 crore in its consolidated net profit in the second quarter of FY24. TCS had reported a profit of Rs 10,431 crore in the same period a year ago. The IT major’s net profit jumped 2.4% on-Quarter. The company also announced a share buyback for Rs 17,000 crore at a price of Rs 4,150 a share on October 11, 2023. TCS stock price has slipped 0.71% in the last one month and has surged over 14% in the past one year.

In the maze of taxation and financial planning, the Income Tax Act generously extends numerous deductions to smart investors. One can significantly reduce taxable income through careful planning and investment in specified avenues.

₹14,091 crore in September due to a risk-off sentiment in the stock markets, mutual fund body AMFI said on Wednesday. Net inflows into small-cap funds were down by 37% at ₹2,678.47 crore in September and into midcaps declined by 20% to ₹2,001 crore. “We believe the decline has happened because of the high valuations in the market.

If you’re shopping for a luxury home, you’re no doubt focused on the location, size and price of the property. But how are you going to pay for that home? And what can you do if you are self-employed or highly leveraged and won’t qualify for, or don’t want, a traditional mortgage? Many buyers simply pay cash for their homes. According to ATTOM, a property-data provider, 33.12% of all sales nationally of single-family homes over $1 million in the second quarter of 2023 were cash deals.

₹2,021.95 in morning trade on BSE, a day after the company informed the board of directors that the company will meet on Monday, October 16 to consider a fundraising. The stock opened at ₹1,994.95 against the previous close of ₹1,979.50 and rose 2.14 per cent to hit its 52-week high. "A meeting of the board of directors of Grasim Industries is scheduled to be held on Monday, 16th October 2023, to consider the proposal for raising funds by way of equity shares or other securities through a rights issue, qualified institutions placement (QIP), preferential issue or any other method as may be permitted under the applicable law, subject to such regulatory/statutory approvals as may be required," Grasim said in an exchange filing on Wednesday.

Gold rate today: On account of dovish stance shown by US Fed officials in Wednesday's US Fed's minutes release, gold price today extended its rally and regained ₹58,000 per 10 gm mark on Multi Commodity Exchange (MCX). MCX gold price today opened upside at ₹58,045 per 10 gm levels and went on to hit intraday high of ₹58,075 levels within few minutes of commodity market's opening bell.

BSE Sensex closed 393.69 points higher at 66,473.05, while the broader NSE Nifty 50 climbed 121.50 points to 19,811.35. Nifty 50 formed a reasonable bullish candle on the daily chart with minor upper shadow indicating an upside continuation pattern. Also Read: 5 things that changed for the stock market overnight - Gift Nifty to US Fed meeting minutes “Nifty witnessed minor upside breakout of the immediate resistance of around 19,700-19,750 levels, with gap up opening and the present upside gap could be considered as a bullish breakaway gap.

Day trading guide for today: On account of positive strong global cues, Indian stock market ended higher for second straight session on Wednesday. Nifty 50 index gained 121 points and closed at 19,811 levels, BSE Sensex shot up 393 points and ended at 66,473 mark whereas Bank Nifty index added 156 points and finished at 44,516 levels. In broad market, small-cap index went up 0.77 per cent whereas mid-cap index gained 0.55 per cent.

NPS scheme for NRIs: Non-resident Indians (NRIs) aged 18 to 60 can invest in India's National Pension Scheme (NPS) by adhering to KYC norms. The NRIs can make contributions to NPS from their NRO/NRE account. NPS offers diversification across financial securities and asset classes (Equity, Corporate Bonds, Government Securities). NRIs can choose their investment mix based on risk appetite. There are two fund management schemes: Active Choice and Auto Choice, catering to individual preferences.

A Brazilian congressional committee has recommended the indictment of four Binance senior executives, including the company's CEO and founder Changpeng Zhao.

My wife and I are both 34 years old and live with my parents in a flat in our native town. We had taken a joint home loan of ₹30 lakh to buy the flat for my parents. The loan was for a tenure of 30 years and the EMI (equated monthly instalment) was ₹25,000. We used our emergency fund and repaid the loan in four years. We draw a net salary of ₹1.2 lakh each, every month. Both of us invest ₹3,000 separately for our daughter’s education and our retirement. We will be rebuilding the emergency fund in six months, but are looking for good investment options to park this fund. Next year, we will be shifting to a rented accommodation in a metro city as we return to office. How can we build a corpus of ₹1 crore to buy another house in a metro city in 10-15 years? —Name withheld on request For accumulating emergency funds, we would suggest you to invest in liquid or ultra short mutual fund schemes.