Share market holidays December: Indian stock markets will see no trading holiday in the month of December. Aside from the weekend holidays, trading on both BSE and NSE will function normally on all other weekdays next month. Earlier this month, stock market remained closed on Tuesday, November 8 on the…
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Rationalisation in long-term capital gains tax structure on the anvil
The finance ministry is looking at rationalising long-term capital gains tax structure by bringing parity between similar asset classes and revising the base year for computing indexation benefit to make it more relevant, an official said on Friday. Currently, shares held for more than one year attract a 10 per…
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ESIC to invest in ETFs, start with 5% of surplus funds, take it up to 15%
The Employees’ State Insurance Corporation will now be able to invest its surplus funds in equities but only through exchange traded funds. The decision was taken at the 189th meeting of the ESIC, chaired by Union minister of labour and employment Bhupender Yadav, on Sunday. According to the decision, the…
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Oil prices climbs after OPEC+ keeps output cut targets, China eases COVID curbs
Oil prices jumped 2% on Monday after OPEC+ nations held their output targets steady ahead of a European Union ban and a price cap kicking in on Russian crude. At the same time, in a positive sign for fuel demand, more Chinese cities eased COVID-19 curbs over the weekend. Brent…
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US Stocks: Futures rise as focus turns to Powell speech
U.S. stock index futures edged higher on Wednesday, with those of the Nasdaq rising the most on gains in Tesla shares, while investors treaded cautiously ahead of comments from Federal Reserve Chair Jerome Powell later in day. Powell’s speech will be closely watched for signs of a slowdown in the…
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Gold Price Today, 28 Nov 2022: Prices to remain volatile; traders await Fed chair Powell’s speech, US GDP data
Gold Price Today, Gold Price Outlook, Gold Price Forecast: Gold rate was negative on Monday as a result of negative global trends, while silver rate was down 0.46%. On Multi Commodity Exchange, gold December futures were trading at Rs 52,448 per 10 grams, down Rs 96 or 0.18%. Silver December…
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Petrol and Diesel Rate Today, 2 December: Fuel prices steady; Check rates in Delhi, Mumbai, Noida, other cities
The rate of diesel and petrol have not been changed on 2 December 2022 and costs have been steady for about six months now. The last country-wide change in fuel rates was on 21 May this year, when Finance Minister Nirmala Sitharaman slashed excise duty on petrol by Rs 8…
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Nifty to fall below 18450 or bulls to bounce back? 7 things to know before share market opens
Indian benchmark indices are likely to open on a tepid note amid weak global cues. SGX Nifty hinted at a flat to negative start for domestic equities as Nifty futures traded lower at 18665 level on the Singapore Exchange. In the previous session, the BSE Sensex fell 216 points to…
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Buy Bharti Airtel, Mazagon Dock for near term gains; Nifty expected to witness more weakness ahead
By Nagaraj Shetti After showing weakness from all-time highs on Tuesday, Nifty witnessed follow-through declines on Wednesday and closed the day lower by 152 points. A long bear candle was formed on the daily chart, which indicate sharp reversal in the market. The recent swing high of 18604 could now…
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Nifty to trade in 17500-18200 range, Bank Nifty may hit 38800; RIL, Infosys top money making ideas
By Rajesh Palviya Nifty closed at 17895 with a gain of 277 points on a weekly basis. On the weekly chart, the index has formed a bullish candle however it has remained restricted within the previous week’s High-Low range representing a short term breather. The index is moving in a…