Latest Market News Today Live Updates July 23, 2024: Tax on buyback income takes market by surprise: A game-changer or setback?
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23 Jul 2024, 08:47 PM IST
Stock Markets Today Live Updates: Tax on buyback income takes market by surprise: A game-changer or setback?
- While the buyback tax will boost corporate cash flow, it might reduce interest in share repurchase programmes, especially among cash-rich companies and high-income investors.
- In essence, the advantage of choosing buybacks over dividends has vanished.
23 Jul 2024, 08:32 PM IST
Stock Markets Today Live Updates: Budget 2024: How will the rise in capital gains taxes impact market in long term?
- Budget 2024 introduces tax changes impacting capital gains and trading activities, leading to market volatility. Experts foresee a more sustainable investment landscape in the long term.
23 Jul 2024, 08:12 PM IST
Stock Markets Today Live Updates: Stock markets: FIIs sold Indian equities worth ₹2,975.31 crore on Budget day
- On the day of Union Budget, FIIs offloaded stocks of Indian companies worth ₹17,306.08 crore and bought stocks for ₹14,330.77 crore, resulting in funds outflow of ₹2,975.31 crore
23 Jul 2024, 07:52 PM IST
Stock Markets Today Live Updates: Budget 2024 | Concept of ‘indexation’ from MFs has gone away: Edelweiss’ Radhika Gupta on new tax changes
23 Jul 2024, 07:42 PM IST
Stock Market News Today Live Updates: Let the dust settle on tax shocker, but MF investors can stick to SIP route: Experts
- Market veterans expect volatility to settle and caution investors not to rush in to buy any likely dip. Mutual fund investors, though, can continue their investments as before. Long term, the market's prospects are seen intact.
23 Jul 2024, 07:40 PM IST
IPO News Today Live Updates: V L Infraprojects IPO oversubscribed by 62.22x on day 1, retail portion booked 106.07x; check GMP, other key details
- V L Infraprojects IPO subscriptions open from July 23 to July 25 at ₹39-42 per share. Focuses on water infrastructure projects in Karnataka, Telangana, and Madhya Pradesh. V L Infraprojects IPO oversubscribed at 62.22 times on day 1. Retail portion subscribed 106.07 times.
23 Jul 2024, 07:28 PM IST
Stock Markets Today Live Updates: Wall Street today: US stocks muted ahead of earnings from Alphabet, Tesla
- The Dow Jones rose 0.07%, the S&P 500 was higher by 0.02%, the Nasdaq dropped 0.14%
23 Jul 2024, 07:25 PM IST
Stock Markets Today Live Updates: Budget 2024: Multibagger railway stocks IRFC, RVNL, IRCTC and others dip up to 8% – here's why
- Railway stocks decline post limited focus on the sector in Union Budget 2024-2025. Ircon International shares fell 8%, while other stocks saw decline between 3.3% and 6.2%. Despite the downturn, stocks are up by over 100% in the last year.
23 Jul 2024, 06:52 PM IST
Stock Markets Today Live Updates: LTCG vs STCG: Budget 2024 hikes capital gains tax with immediate effect; Here's all you need to know
23 Jul 2024, 06:45 PM IST
Stock Markets Today Live Updates: Budget 2024: Experts highlight the good, bad, and ugly for the Indian stock market
- Budget 2024 introduces higher capital gains taxes, impacting market sentiment negatively in the short term. Despite challenges, positives include reduced fiscal deficit and focus on welfare schemes supporting the rural economy.
23 Jul 2024, 06:13 PM IST
Stock Markets Today Live Updates: Indian tourism is booming. Here are three top stocks for your watch list.
- In the interim budget in February, finance minister Nirmala Sitharaman allocated ₹24.4 billion to the tourism sector, a 44.7% increase from the previous financial year.
23 Jul 2024, 06:04 PM IST
Stock Markets Today Live Updates: Stocks to buy after Budget 2024: Experts recommend these nine shares to buy on Wednesday
- Stocks to buy after Budget 2024: SS WealthStreet recommends buying nine stocks, which include Ramco Cement, Rajesh Exports, NCC, Tata Consumer, and SBI Card
23 Jul 2024, 06:01 PM IST
IPO News Today Live Updates: Sanstar IPO oversubscribed by 82.98x on the last bidding day led by QIBs. Check GMP, subscription status, key dates
- Sanstar IPO received overwhelming response from QIBs, NIIs, and retail investors. Subscription status at 82.98 times with bids for 3,11,93,87,550 shares against 3,75,90,000 shares offered at ₹90-95 price band.
23 Jul 2024, 05:41 PM IST
Cryptocurrency Today Live Updates: Budget 2024: No changes in crypto tax regulations; ‘has both pros and cons,’ analysts say
- Budget 2024 had no changes for taxes in the crypto sector; analysts had however expected reduction in TDS rates
23 Jul 2024, 05:00 PM IST
Stock Markets Today Live Updates: Budget 2024: FMCG stocks surge up to 6% on govt's plans to support rural economy; Nifty FMCG touches fresh high
- FMCG stocks rise as budget emphasises boosting rural consumption. Nifty FMCG index hits all-time high. Govt allocates funds for rural development, introduces crop varieties, and cooperative sector policy.
23 Jul 2024, 04:55 PM IST
Stock Markets Today Live Updates: Market & Budget 2024: What should be your investment strategy now? 8 experts share advise
- Post-Budget 2024 volatility in Indian markets expected to be temporary. Emphasis on fiscal discipline and specific sector support. Analysis suggests potential underperformance in midcap and smallcap stocks. Market outlook to stabilize with focus on earnings reports and global cues.
23 Jul 2024, 04:49 PM IST
Stock Markets Today Live Updates: Stock market investors alert! FM changes this income tax rule in Budget 2024
- Budget 2024: In FY25, a beneficiary shareholder will have to pay income tax on one's income from the buyback of shares
23 Jul 2024, 04:35 PM IST
Mark To Market Today Live Updates: Budget 2024: ITC stock up 4%. No news is great news, says Jefferies
- ITC shares soar 4% as unchanged tobacco taxes in the Union budget pave the way for volume-driven growth.
23 Jul 2024, 04:29 PM IST
Stock Markets Today Live Updates: Budget 2024: CE Info Systems, Genesys shares soar up to 14% on FM's plan to digitise agriculture
- Budget 2024: C.E. Info Systems and Genesys International Corporation stocks surged as FM Nirmala Sitharaman announced digitisation of agricultural lands benefiting farmers and creating opportunities for companies to innovate and expand services in India's agricultural sector.
23 Jul 2024, 04:03 PM IST
Stock Markets Today Live Updates: Top Gainers and Losers today on 23 July, 2024: Titan Company, ITC, Shriram Finance, Larsen & Toubro among most active stocks; Check full list here
- Top Gainers and Losers Today : The Sensex lost 73.04 points, or -0.09, to settle at 80502.08, while the Nifty lost 30.2 points, or -0.12, to close at 24509.25.
23 Jul 2024, 04:03 PM IST
Stock Markets Today Live Updates: Budget 2024: Consolidation or rally, where is Nifty headed now? Technical experts answer
- Indian market reacts to Budget 2024 with slight negativity, and significant volatility. Market recovers from intra-day decline to close flat. Budget focuses on job creation, rural development, and tax changes. Technical experts foresee Nifty trading around 23,640-25,000 in the short term.
23 Jul 2024, 03:55 PM IST
Commodity News Today Live Updates: Gold rate today tanks ₹4,000 per 10 gm after Budget 2024. Opportunity to buy?
- Gold rate today is in $2,400 to $2,450 per ounce range. Bullish or bearish trend can be assumed on the breakage of either side of this range, say experts
23 Jul 2024, 03:16 PM IST
Stock Markets Today Live Updates: Budget 2024: Nifty Realty tanks after removal of indexation benefits; DLF top loser
- Budget 2024's removal of indexation benefits for property sales caused real estate stocks to drop, with Nifty Realty constituents like DLF, Sunteck Realty, and Godrej Properties falling 4-5%. The sector's reaction highlights worries about higher tax liabilities and impact on investment returns.
23 Jul 2024, 02:56 PM IST
Mark To Market Today Live Updates: Budget 2024: STT biggest negative for financial intermediaries, other BFSI cos in good stead
- Affordable housing finance companies such as Aadhar Housing, Aavas Financiers, Aptus Value Housings may gain
- Banks can gain from doubling of Mudra loan limit, credit guarantee for MSME
23 Jul 2024, 02:32 PM IST
Stock Markets Today Live Updates: Union Budget 2024: ITC share price surges over 5% on no tax announcement for tobacco; Nifty FMCG rises 2.7%
- Budget 2024: ITC share price rose over 5% after FM Sitharaman's budget address maintained tobacco taxation, reassuring businesses like ITC. Nifty FMCG rose 2.7%, with ITC leading. Analysts predict positive trend for FMCG sector and expect rural demand revival to boost ITC's non-tobacco businesses.
23 Jul 2024, 02:18 PM IST
Stock Markets Today Live Updates: Budget 2024: Traders express frustration on social media as FM ups STT on F&O trading
- Securities Transaction Tax (STT) rate for F&O traders doubled by Finance Minister, affecting equity and index trades. Market anticipates short-term adjustment to new tax regime for long-term market stability. Traders express frustration on social media platforms.
23 Jul 2024, 02:17 PM IST
Stock Markets Today Live Updates: Budget 2024: BSE PSU plummets 6% to four-week low – 3 key factors behind the drop
- Union Budget 2024-2: PSU stocks face correction due to inflated valuations and higher capital gains tax. Fiscal deficit target reduced to 4.9% of GDP for FY25, with goal of 4.5% or lower by FY26.
23 Jul 2024, 02:06 PM IST
Stock Markets Today Live Updates: Budget 2024: Top 5 blows that FM Nirmala Sitharaman announced for Indian stock market
- Top 5 blows that FM Nirmala Sitharaman announced in Budget 2024 includes rise in STT rate on F&O, Rise in STCG tax, rise in LTCG tax, etc
23 Jul 2024, 01:58 PM IST
Stock Market News Today Live Updates: Buffett’s Berkshire Hathaway trims BYD stake to below 5%
- Warren Buffett’s Berkshire Hathaway has pared its stake in BYD to less than 5%, further unwinding its long-term bet on China’s largest electric-vehicle maker.
23 Jul 2024, 01:56 PM IST
Stock Markets Today Live Updates: Budget 2024: Titan, Senco Gold, others share price gained up to 12% with custom duty on Gold, Silver being lowered
- Budget 2024: Titan Company, Senco Gold , PC Jeweller others saw share price gain up to 12% during Intraday trades on Tuesday. Finance minister Nirmala Sitharaman cut customs duty on gold and silver to 6% in Budget 2024 today
23 Jul 2024, 01:35 PM IST
Stock Markets Today Live Updates: Budget 2024: ‘We collected about ₹1500 cr of STT last year, can increase to ₹2,500 cr at new rates,’ say Nithin Kamath
- Budget 2024: ‘We collected about ₹1500 cr of STT last year, can increase to ₹2,500 cr at new rates,’ say Nithin Kamath.
23 Jul 2024, 01:30 PM IST
Stock Markets Today Live Updates: Union Budget 2024: TeamLease Services share price surges 10% on employment schemes announced by FM Sitharaman
- Union Budget 2024: TeamLease Services share price surges 10% as FM Sitharaman announces ₹2 lakh crore for job creation in the next five years. Analyst predicts prices could reach ₹3,500 with strong volume activity.
23 Jul 2024, 12:45 PM IST
Stock Markets Today Live Updates: Budget 2024: Andhra Pradesh-linked stocks NCC, KCP and 4 others gain up to 6% – here's why
- Union Budget 2024–2025 allocates funds to Andhra Pradesh, boosting investor interest in the state. FM Sitharaman promises financial support for infrastructure projects like Polavaram irrigation. NCC, KCP, and other stocks surge.
23 Jul 2024, 12:33 PM IST
Stock Markets Today Live Updates: FM Nirmala Sitharaman doubles STT on F&O in Budget 2024
- In Budget 2024, FM Nirmala Sitharaman raised STT rate applicable for Equity and Index trades from 0.01% to 0.02%
23 Jul 2024, 12:33 PM IST
Commodity News Today Live Updates: Budget 2024: FM Nirmala Sitharaman announces cut in custom duty on gold and silver to 6%
- Finance Minister Nirmala Sitharaman, on July 23, announced a cut in custom duty on gold and silver to 6% from 10%.
23 Jul 2024, 12:28 PM IST
Stock Markets Today Live Updates: Budget 2024 impact: Why did Sensex, Nifty 50 plunge over 1% each?
- Budget 2024: Indian stock market benchmarks, the Sensex, and the Nifty 50, plunged over a per cent each as Union Finance Minister Nirmala Sitharaman presented the Budget 2024 in parliament.
23 Jul 2024, 12:24 PM IST
Stock Markets Today Live Updates: Budget 2024: FM announces raising LTCG to 12.5% from 10% earlier
- The Finance Minister increased the tax rate on long-term capital gains to 12.5% from 10% and set the exemption limit at ₹1.25 lakh per year.
23 Jul 2024, 12:23 PM IST
Stock Markets Today Live Updates: Budget 2024: Hero MotoCorp, Eicher, TVS, Bajaj share price rise up to 3% on expected rural demand boost
- Budget 2024: Hero MotoCorp, Eicher Motors, TVS Motor, Bajaj Auto share price rise 1-3%. The Rural two wheeler demand is likely to rise with boost with budget announcements directed at the rural growth.
23 Jul 2024, 12:22 PM IST
Stock Markets Today Live Updates: Budget 2024: FM allocates ₹26,000 crore for highway development in Bihar; how may it affect infra, cement stocks?
- Budget 2024: Union Finance Minister Nirmala Sitharaman, in her Budget 2024 speech, announced an investment of ₹26,000 crore in highway development in Bihar.
23 Jul 2024, 12:20 PM IST
Stock Markets Today Live Updates: Budget 2024: Kaveri Seed, Avanti Feeds, Coastal Corp, Zeal Aqua rise 2-10% as govt allocates ₹1.52 tn for agri sector
- Budget 2024: Stocks of Kaveri Seed Company, Avanti Feeds, Coastal Corporation, Zeal Aqua, and BKV Industries surge 2-10% post budget announcement by FM Nirmala Sitharaman. ₹1.52 trillion allocated for agriculture. Analyst predicts strong performance, especially for Kaveri Seed Company.
23 Jul 2024, 12:18 PM IST
Stock Markets Today Live Updates: Stocks to watch: Why you should keep an eye on HUDCO, NBCC India shares after Budget 2024?
- In the Budget 2024, the finance minister declared a ₹10 lakh crore fund for urban housing for low-income people and ₹26,000 crore for highway projects in Bihar
23 Jul 2024, 11:58 AM IST
Stock Markets Today Live Updates: Budget 2024: Housing finance company stocks rise as FM reiterates focus on affordable housing
- Budget 2024: Most housing finance company stocks traded with healthy gains after Union Finance Minister Nirmala Sitharaman signalled in her Budget 2024 speech that the government will continue to focus on affordable housing.
23 Jul 2024, 11:07 AM IST
Stock Markets Today Live Updates: Suzlon Energy stock hits 5% upper circuit as Q1 net profit jumps 200% YoY
- Suzlon Energy's stock hits a 14-year high after strong Q1 performance, with record wind turbine deliveries and reduced debt, propelling shares to a 51% increase this year.
23 Jul 2024, 11:00 AM IST
Stock Market News Today Live Updates: Shrenik, Palred Technologies & others hit 52 week low today ;Check the full list here?
- Following shares hit their 52 week low today - Shrenik, Palred Technologies, Mep Infrastructure Developers, Secur Credentials, Sel Manufacturing Company
23 Jul 2024, 11:00 AM IST
Stock Market News Today Live Updates: Torrent Pharmaceuticals, Godrej Consumer Products & others hit 52 week high today ; Do you own any?
- Following shares hit their 52 week high today - Torrent Pharmaceuticals, Godrej Consumer Products, Hindustan Unilever, ICICI Lombard General Insurance Company, Mphasis
23 Jul 2024, 10:34 AM IST
Stock Markets Today Live Updates: Stock market today: Gensol Engineering shares hit upper circuit ahead of Budget 2024
- Ahead of Budget 2024, Gensol Engineering share price opened with an upside gap at ₹984.90 apiece on the NSE and touched an intraday high of ₹985.15 apiece
23 Jul 2024, 10:00 AM IST
IPO News Today Live Updates: Tunwal E-Motors share price makes a positive debut, stock opens with 8.5% premium at ₹64 apiece on NSE SME
- Tunwal E-Motors IPO debuts positively on NSE SME, opening at ₹64, 8.5% higher than issue price. Tunwal E-Motors, a growing EV 2-wheeler company, achieves 12.31 times subscription status for its IPO.
23 Jul 2024, 09:44 AM IST
Stock Markets Today Live Updates: Stock market strategy for Budget 2024: Experts recommend these five stocks to buy or sell on Tuesday — July 23
- Stock market strategy for Budget 2024: Experts recommend these five stocks to buy today — Balkrishna Industries, SBI, Tata Steel, Ashok Leyland, and Deepak Nitrite
23 Jul 2024, 09:44 AM IST
Stock Markets Today Live Updates: Budget 2024: Dabur, RVNL, L&T, Tata Motors, among 18 stock picks across sectors by MOSL amid Budget anticipation
- Union Budget 2024 set to boost rural economy, capital expenditure, and investment-led growth post-2024 General Elections. Brokerage suggests 18 key stock picks across sectors. Anticipates RBI's ₹2.11 lakh crore transfer to impact fiscal deficit, capex, PM-KISAN, and taxpayer incentives.
23 Jul 2024, 09:34 AM IST
Stock Markets Today Live Updates: Budget 2024: Key Defence sector expectations and investor advices by Religare as focus is on self Reliance and exports
- Budget 2024: India is Eyeing twin Objectives of Self Reliance & Exports in the Defence Sector , said Gurpreet Sidana CEO, Religare. Investors should focus on companies with a strong track record in project execution, diversified portfolios robust order books, and those in shipbuilding, drones