Indian stock market: The domestic equity benchmark indices, Sensex and Nifty 50, are expected to open on a cautious note Friday tracking losses in global markets. Asian markets traded lower, while the US stock market ended sharply in the red overnight dragged by losses in tech stocks. On Thursday, the Indian stock market benchmark indices…
F&O ban list: The National Stock Exchange (NSE) banned trading in eleven stocks on Friday, July 19, 2024, in the futures and options (F&O) segment as they exceeded 95% of the market-wide position limit (MWPL). However, these stocks will be available for trading in the cash market. The NSE updates the list of securities in…
All types of trading income are to be reported in income tax returns (ITR), even when the taxpayer has made only losses. The fact that F&O and intra-day trades are not reported in the annual income statement (AIS) adds to the misconception that these are reported only when the trader has made profit. However, since…
Oil prices remained largely unchanged on Thursday as investors grappled with conflicting signals about crude demand. Concerns about a potential economic slowdown in the U.S. were balanced by rising expectations that the Federal Reserve might soon cut interest rates. By 11:41 a.m. EDT (1541 GMT), Brent futures had edged up by 1 cent to $85.09…
I am the founder of a 25-person startup. What types of group insurance should I buy for my team? Are these policies available for small companies like ours, or are they exclusive to larger companies? —Name withheld on request For a startup, often the right set of insurances become critical to attract the right quality…
Mumbai: In an effort to bring down its credit-deposit ratio to pre-merger levels and pursue profitable growth, HDFC Bank will grow its advances a “little slower” than deposits and avoid pursuing growth which does not meet the risk-adjusted profitability thresholds, according to MD and CEO Sashidhar Jagdishan. “Our focus would be to maintain adequate liquidity…
Much to the chagrin of cryptocurrency investors, WazirX, a leading crypto exchange, witnessed a massive security breach on Thursday in one of its multi-sig wallets, leading to the loss of over $230 million in withdrawals. The exploiter is reportedly selling the stolen tokens, which include $100 million worth of shiba inu and $52 million in…
The Nasdaq and the S&P 500 rebounded on Thursday, as megacap and chip stocks regained ground. At the opening bell, the Dow Jones Industrial Average fell 41.52 points, or 0.10%, to 41,156.56. The S&P 500 was higher by 20.29 points, or 0.36%, at 5,608.56, while the Nasdaq Composite gained 122.23 points, or 0.68%, to 18,119.15. …
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Finance Minister Nirmala Sitharaman is set to present the full-year Union Budget for FY24-25 on July 23, 2024. The impact of the Union Budget on the equity market has reduced notably over the past few years with the government undertaking most of the reforms outside the purview of the Budget. However, this upcoming Budget is…
