Budget 2024: In a shock to investors, Finance Minister Nirmala Sitharaman, in her presentation of the Union Budget for FY 2024-25, announced several key tax changes impacting capital gains and trading activities. FM announced that the long-term capital gains tax rate on all financial and non-financial assets will rise from 10% to 12.5%, with an …
FMCG stocks have surged in today’s trade as investors responded positively to the government’s strong emphasis in Budget 2024 on boosting rural consumption. The budget outlined several initiatives aimed at boosting rural consumption, expected to support a recovery in FMCG sector volumes. Despite front line indices ending today’s session on a flat note, the Nifty …
Budget 2024: Following the Budget 2024 presentation on Tuesday, July 23, the Indian market closed slightly negative, marking a movement of less than one percent for the third consecutive budget day session. The day saw significant volatility as investors reacted to the budget announcements, particularly the changes in capital gains tax. The market was evidently …
Stocks to watch: Shares of NBCC India and Housing And Urban Development Corp (HUDCO) are expected to remain under the radar of Indian stock market investors as FM Nirmala Sitharaman has declared various infrastructure development projects on 23rd July 2024. In the Budget 2024, the finance minister declared a ₹10 lakh crore fund for urban …
Union Budget 2024, which will be announced later today, July 23 is anticipated to be growth-focused, with several measures aimed at bolstering the rural economy, said brokerage house Motilal Oswal, in its pre-budget note. As per the brokerage, the government is likely to continue its emphasis on capital expenditure and investment-led growth, alongside initiatives to …
Indian stock market: The domestic equity market benchmark indices, Sensex and Nifty 50, are expected to open higher on Tuesday tracking positive global cues ahead of the announcement of Union Budget 2024 today. Asian markets traded higher, while the US stock market ended in the green overnight led by megacap growth stocks. Get Quick Cash …
The upcoming Union Budget 2024 is expected to be fiscally prudent yet expansionary with continuation of the earlier policies of the NDA government, according to a survey conducted with over 50 smallcase managers. A study conducted by investment platform smallcase reveals that over 80% of smallcase managers expect a hike in India’s planned capex spending …
Stock market today: Following the Government of India (GoI) special focus on the greeen energy segment, stock market experts are highly bullish on quality energy stocks. They believe that energy companies investing in the solar, and other renewable energy segment are expected to deliver whopping return to its shareholders in long term. They said that …