Wellness Financial News

Aditya Arora, Adlytick, says he would like to go with Reliance. It is doing well after a long time. So, Reliance could be bought at Rs 2970. Rs 2900 is the stop loss and Rs 3070 is the target. The second one is Cipla from the pharma space. This could be bought at Rs 1471, Rs 1430 is the stop loss and Rs 1540 is the target. Today, Nifty seems to have comfortably crossed the 22,500 mark that it has been holding on for quite a long time. Do you expect this up move or Nifty to now comfortably stay above the 22,500 levels? Aditya Arora: The participation is good from the Reliance end, but auto is also doing well. However, other heavyweights are not participating. I would calculate the decisive breakout would come above 22,800 in Nifty futures and decisive breakout in Bank Nifty would come above 49,200. I would be bullish once these levels are crossed and sustained.

Tata Elxsi Ltd. traded 0.21 per cent lower in Monday's session at 12:48PM (IST). The stock opened at Rs 8144.95 and has touched an intraday high and low of Rs 8144.95 and Rs 7975.15, respectively, during the session so far. The stock quoted a 52-week high of Rs 9191.1 and a 52-week low of 6023.3. About 8,804 shares changed hands on the counter so far.

Ashok Leyland Ltd. traded 0.79 per cent higher in Monday's session at 12:43PM (IST). The stock opened at Rs 176.95 and has touched an intraday high and low of Rs 178.1 and Rs 175.55, respectively, during the session so far. The stock quoted a 52-week high of Rs 191.45 and a 52-week low of 135.2. About 1,173,348 shares changed hands on the counter so far.

debt consolidation, but each option comes with its advantages and disadvantages. There are certainly advantages to using a personal loan for debt management. Firstly, these loans often come with lower interest rates compared to credit cards.

mutual fund scheme, investors often examine the returns given by a scheme within a given time frame and compare the same with the corresponding schemes in the same category launched by other fund houses. Typically, the schemes offering highest returns tend to draw a large number of investors, thus mounting the pressure on fund managers to continue to deliver high performance. Sometimes, the pace continues, whereas in some cases, it does not.

Sandip Sabharwal, asksandipsabharwal.com, says “the IT outsourcing industry is facing challenges in terms of demand but this could incrementally be positive in my view. I do not think this is incrementally negative. Most analysts are giving a sell on Wipro today; I am not so sure about that. This is something to be tracked.” Sabharwal further says that “it seems very clear that the main reason for Chandra Shekhar Ghosh resigning as CEO & MD of Bandhan Bank could be some reservation from the regulator, although we are not privy to that. Otherwise, when the board had approved his extension, there was no reason for him to step down.” Maybe we can start off with your take as to what is going on with respect to Wipro? There has always been a lot of uncertainty with respect to the top position at Wipro. Do you think that even with the new CEO, the improvement is going to be gradual? How do you expect the stock to react? Sandip Sabharwal: It will be a gradual process.

Energy & power based mutual funds gave an average return of 23.40% in five years (April 2019-April 2024). There were around three schemes in the category that completed five years of existence. Nippon India Power & Infra Fund gave 26.35% return. Tata Resources & Energy Fund and DSP Natural Resources & New Energy Fund gave 22.87% and 20.98% returns respectively in the same time period.

Jay Kailash Namkeen listed on the BSE SME platform with a premium of 16.43% over the issue price. The stock debuted at Rs 85, compared with an offer price of Rs 73. Ahead of the listing, the company's shares traded with a premium of Rs 15 in the unlisted market.

FADA) said on Monday. With the expiration of FAME-II subsidy on March 31, e-2W sales rose, with the category seeing a market share bump to 9.12 per cent for the first time ever. Upcoming Lok Sabha took a toll on sales of PVs, CVs and tractors however. PV segment fell 2 per cent on a month-on-month basis and a 6 per cent YoY due to heavy discounting and selective financing, the auto lobby said.

Stock market today: On account of weak global cues, the Indian stock market ended flat on Friday last week. Out of three frontline indices, the Nifty 50 and the BSE Sensex ended flat whereas the Bank Nifty index surged 0.90 percent by adding around 432 points on the previous session. The board market also outshined the Nifty 50 index as both small-cap and mid-cap indices finished 0.50 percent higher on the last session of the week gone by.

The Economist’s parent company), for $1.6bn. The pair will team up to make EVs. To succeed, these efforts must still produce a competitive product with unique features.

Mark Hoplamazian, President & CEO, Hyatt Hotels Corp, says “growth has been led by leisure travel and mostly domestic leisure travel. And the difference between the amount of money spent on domestically leisure travel versus inbound leisure travel is something like seven to one.” It has been a couple of years that you have not visited India. How has been the mood like at HICSA 2024? What has been your reading? How is it different from, let us say, a couple of years to now? Mark Hoplamazian: I think the difference really is that a lot of the questions that were present two years ago with respect to Covid recovery, are now answered. Secondly, the performance has been so extraordinary that it is plain to see and obvious to everyone.

₹7 and ₹45 per 1,000 litres. Houses that do not have access to municipal water supply purchase water from tankers at around ₹150 during normal times and up to ₹250 during shortages. Thus the marginal cost of water is 20 to 35 times what the fortunate people with access to municipal supply pay.

₹1 lakh tax-free gains from stocks and equity oriented mutual funds. With the BSE Sensex rising 26% and the midcap and smallcap indices shooting up more than 60% in the past one year, most stock investors saw their portfolio grow during the financial year. Long-term capital gains from stocks and equity oriented mutual funds are now taxed at 10%.

Read here: Week Ahead: Inflation data, Q4 results, crude oil prices, global cues among key market triggers this week On Friday, the domestic equity indices ended flat after the Reserve Bank of India (RBI) announced its monetary policy in line with expectations. The central bank kept the key policy repo rate unchanged at 6.5% and maintained its policy stance as ‘withdrawal of accommodation’. The Sensex rose 20.59 points, or 0.03%, to close at 74,248.22, while the Nifty 50 settled flat at 22,513.70.

Russian fintech firms have begun joining the country’s digital ruble pilot, as the Central Bank looks to widen the scope of its CBDC project.

Top Events of The Day: PM Modi to visit Telangana, Tamil Nadu and Karnataka, Total Solar Eclipse today. Meanwhile, SC will hear petition filed by the Shiv Sena-Uddhav Thackeray faction for April 8, NSE will introduce 4 new indices in capital market and F&O segment from April 8 and more PM Modi to visit Telangana, Tamil Nadu and Karnataka on April 8-9: Prime Minister Narendra Modi is scheduled to visit Telangana, Tamil Nadu, and Karnataka on April 8-9.

Edited excerpts: Compared to 2017-18, I believe this market cycle is stronger due to robust earnings from midcap and smallcap companies, supported by solid fundamentals. The rally back then seemed more frothy as it was primarily driven by fund flows. This time it is a combination of fund flows and strong fundamentals.

tax matters can put you in a tight spot. Having coughed up a high tax for the past three months, Shilpa Bose knows this too well. The Delhi-based marketing professional submitted investment proof and other documents before the 15 January deadline, but still ended up paying a high tax. “The finance department didn’t take into account my tax-saving investments, medical insurance premium and home loan interest payments,” she says. That’s because Bose had not specified her choice of tax regime, which put her under the new tax regime by default and made her ineligible to claim many tax deductions and exemptions. A lot of salaried taxpayers might be in the same boat. Last year’s Budget had made the new tax regime the default option for salaried taxpayers. The employees who did not inform their companies about the tax regime they preferred were automatically put in the new tax regime. OLD REGIME

The CEO of blockchain startup Ripple sees the combined market capitalization of the cryptocurrency market topping $5 trillion this year.

Hudson Institute senior fellow Rebeccah Heinrichs weighs in on Secretary Yellen’s controversial trip to China during an appearance on ‘Varney & Co.’