Category: Finance
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Unlocking the Power of Mutual Funds: A Guide to Building Wealth !
In the ever-changing realm of finance, it can be quite daunting to navigate through the numerous investment options available. Amidst the wide array of choices, mutual funds emerge as a favored and easily accessible avenue for wealth accumulation. Regardless of whether you possess extensive investment experience or are embarking on your financial journey, mutual funds…
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Anticipate the performance of the Indian stock market on May 24 by looking at the Nifty 50 and Sensex indices.
The Indian stock market indices, Sensex and Nifty 50, are anticipated to commence trading lower on Friday following weak global cues. The trends on Gift Nifty also suggest a negative start for the Indian benchmark index, with the Gift Nifty trading around the 22,950 level, a discount of nearly 50 points from the Nifty futures’…
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RBI sanctioned a historic dividend of Rs 2.11 lakh crore to the government for the financial year 2024 !
The Reserve Bank of India (RBI) sanctioned a dividend of almost Rs 2.11 lakh crore for the central government for the fiscal year 2024, showing an almost 140% surge from the previous fiscal year. In FY23, the RBI had allocated Rs 87,416 crore to the Centre as surplus. At the 608th Meeting of the Central…
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PM Modi provides a significant hint to investors: Following June 4, the Indian markets will undergo a significant transformation.
Speculation surrounding the BJP-led NDA’s performance in the current Lok Sabha elections has caused a stir in the financial markets. Prime Minister Narendra Modi has expressed confidence that the Indian stock market will reach new heights after the election results on June 4, leaving participants overwhelmed. The Sensex and Nifty indices need to increase by…
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“Market Mayhem: Sensex and Nifty Slide as Election Uncertainty Looms”
The BSE Sensex and NSE Nifty 50 experienced further declines on May 9, despite opening slightly lower. The ongoing general elections have been causing fluctuations in the market. Both the Sensex and Nifty have been showing weakness over the past four trading sessions, dropping from their recent record highs. While oil and gas, as well…
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“Market Meltdown: ₹5.5 Lakh Crore Wiped Out as Sensex, Nifty Plunge”
Today, the stock market experienced a significant decline with Sensex dropping nearly 600 points to 73,294 due to sell-offs. Nifty also fell by 200 points to 22,242, reflecting weak investor sentiment on Dalal Street. Investors collectively lost ₹5.49 lakh crore as the total investor wealth decreased to ₹397.90 lakh crore from the previous valuation of…
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“Uncovering the Controversy: Nikhil Kamath’s Viral Video on Inheritance Tax Expansion”
In the midst of the political turmoil surrounding the ‘inheritance tax’ in India, a recently surfaced video showcases Nikhil Kamath, the co-founder of Zerodha, engaging in a discussion about this issue with Mint. Within the video, Kamath expresses his endorsement for the implementation of an inheritance tax in India. He emphasizes the necessity of having…
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“Tracking the Trends: Nifty 50 Price Live Updates – 18th April 2024”
The latest updates on Nifty 50 prices reveal that at 15:15, it was trading at 22023.75, experiencing a decrease of 0.56%. Throughout the day, Nifty 50 has been fluctuating between the range of 22326.5 and 22007.6. Additionally, Nifty futures are currently at 22063.75, showing a decline of 0.62%, along with a 1.84% change in open…
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Rupee Weakens: Drops Seven Paise to 83.38 Against U.S. Dollar in Early Trade
The rupee saw a 7 paise depreciation to end at 83.38 against the US dollar on Friday, influenced by a significant sell-off in domestic equities and a strong greenback against major currencies abroad. Forex traders noted that high crude oil prices also impacted investor confidence. The local unit began trading at 83.36 and hit a…
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RBI Maintains Status Quo on Key Lending Rate Amid Inflation Convergence with Targets
The Reserve Bank of India (RBI) decided to maintain its key lending rate at 6.5% for the seventh consecutive time during the bi-monthly Monetary Policy Committee (MPC) meeting held in New Delhi. RBI Governor Shaktikanta Das announced that the decision was made by a 5:1 majority. With the repo rate unchanged, it is expected that…