Category: Finance
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Today’s Market Crash Explained: 5 Reasons for BSE Sensex and Nifty50’s Downfall !
The Indian stock market saw a massive crash, with the BSE Sensex dropping more than 1,200 points and the Nifty50 going below the critical 25,400 level. This worrisome decrease has sparked concern among investors and market analysts alike, as they seek to grasp the underlying causes of this unexpected collapse. Major factors behind the market…
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Market Dips: Tata Motors Shares Drop 1.05%, Nifty Slips 0.93% !
Tata Motors Share Price Today on: As of today, September 30, 11:19, the price of Tata Motors shares is ₹982, which is a 1.05% decrease from the previous closing price. Sensex is down -1% at ₹84719.05 in trade. Throughout the day, the stock has reached a high of ₹997.75 and a low of ₹977. Technically…
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“Vodafone Idea Shares Plummet After Supreme Court Ruling on AGR Dues”
IIFL Securities predicts that in the absence of court intervention, Vodafone Idea’s cash flow predicament will only become worse. During trading on September 19, telecom stocks saw selling pressure after the Supreme Court denied the businesses’ request to recalculate their adjusted gross revenue (AGR) obligations. Among the telecom companies that filed the remedy request were…
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Tata Motors Shares Slip by 0.64% While Nifty Gains 0.34%: Market Overview !
As of today, September 12, 11:02, the price of Tata Motors shares is ₹969.8, which is a 0.64% decrease from the previous closing price. At ₹81742.03, the Sensex has increased by 0.27%. During the day, the stock reached a high of ₹982.95 and a low of ₹958. Technically speaking, the stock is trading below the…
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Sensex, Nifty Drop 1%: Unpacking the Causes of Today’s Stock Market Volatility !
In Short Friday saw a severe decline in domestic stock markets, with the NSE Nifty50 falling more than 1% and the BSE Sensex plunging over 900 points.In the middle of the morning, the Nifty50 had dropped to 24,889, while the Sensex was trading at about 81,317.According to Santosh Meena, Head of Research at Swastika Investmart…
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Adani Group Stocks Plummet 17% Amidst Latest Hindenburg Report !
In summary, Shares of the Adani group experienced a decline of up to 17% during early trading on Monday, following new allegations made by the US-based short-selling firm Hindenburg Research. On Saturday, Hindenburg Research asserted that whistleblower documents indicate that Madhabi Puri Buch, the Chairperson of the Securities and Exchange Board of India (Sebi), held…
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Hindenburg Doubles Down: SEBI Chief Madhabi Buch’s Response Confirms New Developments
The allegations from the U.S. short-seller emerged shortly after Sebi and Buch, along with her husband, strongly refuted claims of favoritism towards business magnate Gautam Adani and his enterprises. In a joint statement, the Buchs characterized the accusations as “unfounded allegations and insinuations” lacking any basis in reality. Hindenburg, which has been engaged in a…
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RBI Holds Steady: Repo Rate Remains at 6.5% in Latest Monetary Policy Meeting !
Shaktikanta Das, the Governor of the Reserve Bank of India (RBI), announced the bi-monthly monetary policy statement on Thursday, August 8, maintaining the repo rate at 6.5%, which is the rate for short-term loans to banks. The Governor indicated that inflation and economic growth are progressing in a balanced manner, although caution is necessary regarding…
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Nitin Gadkari Requests FM Sitharaman to Abolish 18% GST on Life and Medical Insurance Premiums: Report !
Union Minister for Road, Transport and Highways, Nitin Gadkari, has called upon Finance Minister Nirmala Sitharaman to eliminate the 18 percent Goods and Services Tax (GST) imposed on life and medical insurance premiums. He argues that this tax burdens individuals with the uncertainties of life and hinders the growth of the insurance sector, as reported…
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Eligibility criteria for filing income tax return after the deadline of July 31, 2024?
The deadline for submitting your Income Tax Return (ITR) for the financial year 2023-24 is July 31, 2024. Failure to file your ITR by this date will result in a penalty, the amount of which is determined by your income level. There is a common inquiry regarding who is eligible to file their ITR even…