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Source: Live Mint Buy or sell: Last week, as anticipated, with the start of the new monthly series, both the Nifty and Bank Nifty indices were in oversold conditions. Sustaining above the 23,300–23,500 range and the critical 200-day moving average (200 DMA) created potential for a significant rebound. This materialized with both indices moving notably…
Source: Live Mint Top News India’s Goods and Services Tax (GST) collections in December 2024 reached an impressive ₹1.77 trillion, marking a 7.3% increase compared to December 2023. This steady rise highlights the resilience and growth of the Indian economy, as well as improved compliance and robust business activities. The uptick reflects the government’s ongoing…
Source: Live Mint Indian stock market: A day after posting a robust gain of nearly 2 percent, India’s stock market indices, the Sensex and Nifty 50, experienced sharp declines on Friday, January 3, driven by profit-taking amid a strengthening US dollar. The Sensex opened at 80,072.99, higher than its previous close of 79,943.71, but dropped…
Source: Live Mint His Indian portfolio was equally scattered, featuring 25-30 mutual fund schemes and random stocks chosen based on tips from friends and online forums. Despite his proactive approach, Rohan’s investments lacked direction and alignment with his financial goals. His story highlights a common challenge faced by NRIs: balancing investments between India and global…
Source: Live Mint Mumbai, Benchmark Sensex and Nifty started the New Year on a high note with the key indices closing higher in a see-saw trade on Wednesday on buying in blue-chip stocks. Snapping its two-day falling streak, the 30-share BSE Sensex rose by 368.40 points or 0.47 per cent to settle at 78,507.41 on…
Source: Live Mint Here’s a quick look at stocks likely to be in focus in today’s trade. SJVN: State-owned power producer SJVN Ltd announced on December 31 that it has signed a Memorandum of Understanding (MoU) with the Bihar government to develop the Hathidah Durgawati Pumped Storage Project (PSP) with a capacity of 1,000 MW….
Source: Live Mint Stock market holiday: The Indian stock exchanges, BSE and NSE, will remain open on Wednesday, January 1, New Year Day. There is no trading holiday declared by the stock exchanges on the first day of the new year 2025. The Indian stock market, as well as the currency derivatives, commodity derivatives, and…
Source: Live Mint The Indian stock market benchmark indices, Sensex and Nifty 50, are likely to open lower on Tuesday tracking weak global market cues. The trends on Gift Nifty also indicate a gap-down start for the Indian benchmark index. The Gift Nifty was trading around 23,655 level, a discount of nearly 160 points from…
Source: Live Mint Indian stock market: The domestic equity benchmark indices, Sensex and Nifty 50, are expected to open on a tepid note on Monday tracking sluggish trend in the global markets. Asian markets traded lower today, while the US stock market ended lower last week dragged by losses in technology shares. This week, investors…
Source: Live Mint Top News The mutual fund industry witnessed a remarkable surge in Systematic Investment Plan (SIP) contributions, reaching an all-time high of ₹25,320 crore in November. Despite market fluctuations, SIPs continue to attract investors due to their affordability, compounding benefits, and ability to mitigate risks through periodic investments. The milestone reflects a growing…
