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GST reform: starting Monday, these goods will be subject to the highest tax. View the complete list
September 22 GST changes: Under the new tax structure, which goes into effect on Monday, items falling within these categories will be subject to the newly revised highest tax rate of 40% GST. View the items' list here.After its 56th meeting on September 3, 2025, the GST Council, which is led by the Indian federal government, voted to streamline the indirect tax system in India by redesigning the current goods and service tax (GST) slab structure into a "two-tier" system.Indian customers will benefit from a revamped "two-tier" tax structure that goes into effect on Monday, September 22, 2025. Depending on the type of commodity sold in the country, it will be subject to either the 5% or 18% tax band. In India, GST is now imposed in four slabs: 5%, 12%, 18%, and 28%. However, the government has since modified these slabs. Many products sold in the Indian economy will see price reductions as a result of the federal government's action; nevertheless, starting Monday, a wide range of products will also be subject to higher consumer taxes. 1. Sin Goods: Generally speaking, sin goods are things that are detrimental to society and health, such as cigarettes and pan masala. Cigarettes, pan masala, beedi, and other tobacco goods including chewing tobacco and gutka, as well as online gaming and gambling, would all be subject to a 40% GST tax starting on Monday, September 22, 2025. 2. Luxury cars: Four-wheelers with an internal combustion engine (ICE) capacity greater than 1,200cc and a length greater than four meters were also placed in a 40% tax level by the GST Council. In the past, the ex-showroom pricing of SUVs and MPVs, which are included in this group, was increased by 28% GST and 22% Cess. 3. Over 350cc two-wheelers: The GST Council raised the tax rate for two-wheelers with engines larger than 350cc from 28% GST and 3% Cess to 40%. Despite the removal of the Cess levy, two-wheelers with engines larger than 350cc will now be subject to a higher tax rate. 4. Soft drinks: The central government raised the GST rate from 28% to 40%, which will result in a price increase for soft drinks and other non-alcoholic beverages like Coca-Cola, Pepsi, Mountain Dew, Fanta, and flavor-infused waters. 5. Items that cost more when you're in the 18% tax bracket: Items that will be subject to GST at the higher 18% slab starting on Monday, September 22, 2025, include dining at restaurants, particularly those with air conditioning and premium outlets; consumer durables like refrigerators, washing machines, and air conditioners; beauty and grooming services at salons and spas; and high-end smartphones and imported devices.
Published 23 Sep 2025 01:19 PM
Live Updates on New GST Rates: When GST 2.0 goes into effect, food, cars, and televisions all get cheaper.
GST Reforms 2025 List: Goods and Services Tax (GST) reforms have become effective today, September 22, marking a historical shift in the country’s indirect taxation by merging four slabs into two (5% and 18%) and a special tax slab of 40% for “sin goods".The GST council, led by Finance Minister Nirmala Sitharaman, early in September announced a major overhaul in the indirect taxation system, aimed at simplifying the slabs, boosting the consumption and rationalizing the rates. Under the new plan, the government is set to merge the four slabs into two main categories with an additional “sin tax" bracket: 5% slab — for essential goods. 18% slab – for most other goods and services. 40% slab – for luxury and sin goods such as tobacco, alcohol, betting, and online gaming. This consolidation is expected to make tax compliance easier and also reduce prices on many items currently taxed at 12% or 28%.This consolidation is expected to make tax compliance easier and also reduce prices on many items currently taxed at 12% or 28%.Consumers will see essential items becoming cheaper from September 22, as several sectors from FMCG to Auto have announced earlier to pass on the benefits of lower GST to them.
Published 22 Sep 2025 05:13 PM
Live updates for the ITR due date: Will there be another extension of the income tax return deadline?
Date of ITR due REAL-time updates: The deadline for filing Income Tax Returns (ITR) for the assessment year 2025–2026 is now. Over 6.69 crore returns have already been received by the Income Tax Department, of which over 6.03 crore have been validated and 4 crore have been processed.Taxpayers who miss today's deadline risk interest on unpaid taxes, delayed refunds, and late fines of up to ₹5,000 (limited at ₹1,000 for individuals with incomes up to ₹5 lakh). Therefore, it is essential to file and confirm returns on time in order to prevent fines and guarantee prompt refund processing.The deadline is applicable to non-audit instances, such as the majority of salaried individuals, small enterprises or professions under the presumptive taxation plan, and Hindu Undivided Families (HUFs). It is recommended that taxpayers refrain from spreading false information about extensions and instead rely solely on official updates from Income Tax India.In order to assist last-minute filers in appropriately completing submissions, the department's helpdesk is open around-the-clock and provides assistance via phone, live chat, WebEx sessions, and social media.The department's help line is open around-the-clock, providing assistance via phone, live chat, WebEx sessions, and social media to help filers who are submitting at the last minute appropriately.
Published 15 Sep 2025 05:53 PM
Closing Bell: Sensex up 324 points, Nifty above 24,950; IT and PSU Banks rise, automobiles down
On September 10, Indian equities indices concluded well, with the Nifty closing above 24,950. The Nifty was up 104.5 points, or 0.42 percent, at 24,973.10 at the closing, while the Sensex was up 323.83 points, or 0.40 percent, at 81,425.15.We'll be returning tomorrow morning with all the most recent news and alerts as we wind up today's Moneycontrol live market blog. To view all of the global market activity, please visit https://www.moneycontrol.com/markets/global-indices.On Wednesday, markets gained almost half a percent, continuing their upward trajectory. Following a gap-up beginning, the Nifty index spent the first half of the day moving within a small range. However, volatility in the second half of the day reduced some gains, and it ultimately finished around 24,973 levels.With advances of more than 2.5 percent, the IT sector maintained its recovery, followed by the real estate, banking, and energy sectors. The auto industry, on the other hand, saw profit booking following multiple outperforming sessions, losing more than 1%. With the midcap and smallcap indices rising between 0.75% and 1%, market breadth stayed strong, supporting the bullish tone in both frontline and broader markets.Positive foreign capital market flows following a period of persistent depreciation, as well as increased confidence regarding the status of trade discussions between the US and India, helped to boost sentiment and maintain the upswing.Although the markets are slowly rising due to encouraging signals, the Nifty will need to maintain its participation from the two main industries—banking and IT—in order to progress toward the 25,250–25,400 range. Support has moved to the 24,650–24,750 level on the downside. In order to build up fundamentally sound counters across the board, we advise employing intermediate drops or consolidation phases while keeping a positive bias.
Published 10 Sep 2025 08:40 PM
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June 4, 2024, Lok Sabha election results: Buying stocks, trading strategies, and advice for stock market investors
Investors prepare for the expected impact on the stock market on June 4, 2024, as India eagerly anticipates the announcement of the Lok Sabha election results. The results of the general elections have historically had a big effect on the stock market. It won't be any different this year.On June 4, 2024, how should stock market investors trade? Some pointers and advice to bear in mind on Tuesday when trading.There is usually more volatility in the stock markets on the day after election results. This tendency was made abundantly clear on May 23, 2019, when the National Democratic Alliance's (NDA) dominant lead caused the Sensex to leap to a record high of 40,000 points. The joy, though, was fleeting as the index fell 298 points later in the day to conclude at 38,811 points.Similarly, upon the publication of the Lok Sabha election results for 2014, on May 16, the Sensex reached an unprecedented peak of 25,000 points, signifying a significant historical event."If the Bharatiya Janata Party (BJP) alone secures somewhere between 272-290 seats, we may observe short-term profit booking in the market before the rally continues," says Yashovardhan Khemka, Senior Manager, Research & Analytics at Abans Holdings. "A higher-than-projected number of seats will lead to gains.""Long-term investors should continue to make significant investments until when the final findings are revealed, notwithstanding the current increased volatility. Yashovardhan Khemka continues, "In the meantime, short-term traders might find opportunities because of the market fluctuations."He lists some of the industries that are anticipated to benIn the Lok Sabha elections of 2024, the National Democratic Alliance (NDA) is predicted to win roughly 370 seats based on the average of all exit polls. "The triumph of BJP is a positive sign for the economy and capital markets since it offers stability and continuity in policymaking with a majority administration led by a single party," states Motilal Oswal in response to the announcement of the exit polls. According to Motilal Oswal, its model portfolio is still in line with the main domestic cyclical themes against a consistent backdrop of profits growth. "The four main investing themes they like are industrials, consumer discretionary, real estate, and PSU banks," it states.efit: infrastructure, defense, capital goods, public sector units (PSUs), and autos.
Sensex and Nifty move higher on global cues, but analysts predict a dull day.
Nifty, Sensex, and Stock Prices LIVE: In contrast to the poor international markets, the Indian benchmark indices, the Sensex and Nifty, were trading higher on Friday. Fears over the election results and unfavorable sentiment throughout the world have caused a five-day fall in the home market. The NSE Nifty increased by 104.70 points to 22,593.35, while the BSE Sensex traded 396.07 points higher at 74,281.67 at 9:55 a.m. Asia-Pacific equity markets began the year with a bright outlook, despite the US market's downward trajectory. The general election has now taken center stage, with results expected on June 4 and the final round set for this Saturday. This Saturday night's announcement of exit polls will impact markets the following week. The market on Friday is predicted by analysts to stay drab, with continued selling by overseas investors being a cause for concern. Nifty rollovers in futuresStock Market Today| Live Updates on the Share Market - Get all the latest information on the Indian stock markets, share prices, Sensex, Nifty, BSE, and NSE for May 31, 2024, right here.
Tata-Steel-announces-dividend-of-360-per-share-check-record-date-and-other-details
Along with the financial results for the fourth quarter, Tata Steel announced on Wednesday that the board has recommended a final dividend of ₹3.60 per share, or ₹1 apiece. The company stated in an exchange filing that it has "recommended a dividend of ₹3.60 per Ordinary (Equity) Share of face value ₹1/- each (360%) to the shareholders of the Company for FY2023-24." The consent of shareholders is required for the announced dividend. "The recommended dividend by the Company's Board of Directors is contingent upon shareholder approval at the upcoming Annual General Meeting (AGM) of the Company, which is slated to take place on Monday, July 15, 2024," the statement continued. The dividend will be paid on Friday, July 19, 2024, subject to the deduction of appropriate tax at source, if authorized by the shareholders at the AGM. The final dividend record date has been set by the corporation for July 21, 2024. The statement read, "The Board has fixed Friday, June 21, 2024, as the Record Date for determining the Members entitled to receive the dividend for the financial year ended March 31, 2024, in accordance with Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015." On Wednesday, Tata Steel said that its consolidated net profit for the quarter ended in March 2024 had decreased by 64% to ₹611 crore from ₹1,705 crore in the corresponding period the year before. This profit amount was less than the ₹991 crore prediction made by D-Street. Furthermore, the reporting quarter's operating revenue dropped by 7% on an annual basis to ₹58,687 crore. A plan to subscribe for equity shares in one or more tranches during FY25, with the goal of infusing up to $2.11 billion (₹17,407.50 crore) into the company's wholly owned foreign subsidiary, T Steel Holdings Pte Ltd, has been approved by the board of directors. "Higher volumes in India helped Tata Steel's consolidated sales for FY2024 to come in at about $27.7 billion. With a consolidated EBITDA of ₹23,402 crores, the EBITDA margin is approximately 10%. India's EBITDA climbed by 10% year over year to ₹31,057 crores.
The building of nuclear reactors with EIB financing is still off the table.
May 24, 2024 The sector is still waiting on fresh funding from the European Investment Bank (EIB) to support its planned expansion, even though a leaked copy of the bank's roadmap revealed nothing new or substantial regarding nuclear financing.In response to the leak, Yves Desbazeilles, Director General of NuclearEurope, the Brussels-based society for the defense of nuclear power, told CarbonPulse last week that "the European Investment Bank is open to financing for nuclear."The EIB does state that it will assist "R&D for small modular reactors (SMRs)" in the paper outlining its work plan for 2023–2027. Desbazeilles contended that the revised statement leaves open "several other" options for EIB funding, including building reactors; however, no such mention appears to be present in the final language.The references in the document, according to a number of industry observers who spoke with Euractiv, are no more important than those in the existing roadmap (2021–2025), which already specifies R&D assistance for nuclear fission and fusion but says nothing about energy generation.neutrality towards technology Since European Commission President Ursula von der Leyen spoke favorably of the technology during the Nuclear Summit (NES) in Brussels in March 2024, financing nuclear power has been a hot topic in Brussels. The nuclear sector, together with a number of national governments, has been pushing the EIB to boost nuclear power in recent months.
Sensex up 240 points, Nifty above 22,650; gains for banks, metal, and pharmaceuticals
IRFC, Rail Vikas Nigam, Cochin Shipyard, Bharat Electronics, and Go Digit are some of the most actively traded stocks on the NSE, according to Sensex Today | Stock Market LIVE Updates.Share Market Today Live Updates: Stay up to date on your favorite firms' stock movements by subscribing to Mint's market blog. You can stay up to date on everything Dalal Street and international markets with this blog. Live updates for today's share market: Watch the market summary for today! Follow the fluctuations of the Sensex and Nifty 50, as well as the top gainers and losers. View the performance of the US and Asian markets as well as the leading (or declining) sectors. Take a look at Mint's market blog to get up-to-date information about your favorite businesses. You can stay up to date on everything Dalal Street and international markets with this blog.
Share Market Live Updates for May 21, 2024: The Unexpected Stocks That Turned Into a Hot AI Bet
Live updates for today's share market: Watch the market summary for today! Follow the fluctuations of the Sensex and Nifty 50, as well as the top gainers and losers. View the performance of the US and Asian markets as well as the leading (or declining) sectors. Take a look at Mint's market blog to get up-to-date information about your favorite businesses. You can stay up to date on everything Dalal Street and international markets with this blog.Live updates on IPO news today: India's equity market is poised for another record-breaking year thanks to the IPO frenzy. A number of well-known businesses and startups, such as Swiggy, Ola Electric, Hexaware, and Tata Capital, are getting ready to go public in 2024–2025. The number of initial public offerings (IPOs) in FY25 is anticipated by investment bankers to be double that of FY24, with a number anticipated to surpass $1 billion.
Current Markets: Live Updates for Today May 17, 2024 Gold prices rise for a second week in a row, while silver hits an 11-year high.
Share Market Today Live Updates: Stay up to date on your favorite firms' stock movements by subscribing to Mint's market blog. You can stay up to date on everything Dalal Street and international markets with this blog.Live updates for today's share market: Watch the market summary for today! Follow the fluctuations of the Sensex and Nifty 50, as well as the top gainers and losers. View the performance of the US and Asian markets as well as the leading (or declining) sectors. Take a look at Mint's market blog to get up-to-date information about your favorite businesses. You can stay up to date on everything Dalal Street and international markets with this blog.Spot gold increased by 0.9% to $2,396.81 an ounce at 1304 GMT. Since Thursday, when prices reached a one-month high, gold prices have increased by 1.5% this week. Meanwhile, June delivery gold futures in the United States ended 0.4% down at 2385.50 an ounce.May 17, Reuters With renewed expectations for U.S. interest rate reduction, gold prices, helped by China's stimulus efforts, appeared set to record their second consecutive weekly increase on Friday. Silver broke through the $30 barrier to reach an 11-year high.By 1745 GMT, spot gold had increased 1.5% to $2,412.83 an ounce, drawing closer to the record high of $2,431.29 reached on April 12.The closing price of US gold futures was $2417.40 per ounce, up 1.3%."Despite (an increase in) the dollar and rates, gold is rising. Bart Melek, head of commodity strategies at TD Securities, stated, "I believe that in this case, the stimulus from China has been helpful because we're also seeing other (base) metals do very well."China, a significant buyer of both gold and industrial metals, announced "historic" moves to stabilize the crisis-hit real estate sector, which helped to bolster the market. This week, spot gold prices have increased by more than 2%. The London Bullion Market Association (LBMA) said that the benchmark for London gold prices concluded the week at a record high of $2402.60-per troy ounce for gold. "Ultimately gold is responding to the idea that U.S. inflation is probably under control ... any talk of a prolonged period of high interest rates is going to be mitigated," Melek stated. Traders anticipate that the Fed will drop interest rates twice this year, most likely starting in November. FEDWATCH
Live blog for SBFC Finance Share Price on May 17, 2024
Live updates on the share price of SBFC Finance today: The price of SBFC Finance's shares decreased by 3.19% today, May 17, 2024. Shares of the stock closed at 84.29. At the moment, the stock is selling at 81.6 per share. In the upcoming days and weeks, investors should keep a close eye on SBFC Finance's stock price to see how it responds to the news.Live updates on the share price of SBFC Finance today: With an opening price of ₹84.34 and a closing price of ₹84.29, SBFC Finance had a steady day. The shares closed at ₹81.10, having touched a high of ₹84.34. With ₹8746.61 crore, the market capitalization was recorded. The values for the 52-week high and low were ₹97.99 and ₹72.23, respectively. There were 143,247 shares traded on the BSE during the day.Live share price for SBFC Finance today: short- and long-term trends Live share price for SBFC Finance today: The technical analysis indicates that the SBFC Finance share's short-term and long-term trends are both bearish.Live Updates on SBFC Finance Share Price: Hold is the consensus analyst rating. Live Updates on SBFC Finance Share Price: The trend of analyst recommendations is displayed here, with a hold rating as of right now. 10.29% more than the current market price, at ₹90.0, is the consensus price goal. ₹80.0 is the lowest target price according to analyst forecasts. ₹115.0 is the highest goal price according to analyst forecasts.Live updates on the price of SBFC Finance shares: SBFC Finance share price live: The price range as of today Live Updates on SBFC Finance Share Price: The day's high and low for the SBFC Finance shares were ₹84.34 and ₹81.1, respectively.Live Updates on SBFC Finance Share Price: Peers in Stock Live Updates on SBFC Finance Share Price: The stock price of SBFC Finance fell by 3.19% today to ₹81.6, however the tendencies of its competitors are different. While Crop Life Science, Trident Techlabs, and Shri Balaji Valve Components are witnessing growth, Sahaj Fashions and Chavda Infra are seeing declines. The major indices, the Nifty and Sensex, have generally increased by 0.25% and 0.37%, respectively.
Ahead of the holiday weekend, the Sensex and Nifty remain stable, although analysts advise caution due to selling by foreign investors.
Nifty, Sensex, and Stock Prices LIVE: Ahead of the long weekend holidays, the Indian benchmark indices, the Sensex and Nifty, traded steadily on Friday in a seesaw manner. It was anticipated that the market would continue to have little participation because it would close on Monday in order to accommodate local general election polls. As of 1.26 pm, the BSE Sensex was up 304.89 points at 73,968.61, and the NSE Nifty was up 77.55 points at 22,481.40. In Indian markets, foreign portfolio investors persisted in their selling frenzy, increasing their short holdings in index futures. Despite closing down, the Dow Jones Industrial Average achieved 40,000 for the first time. On Friday, most Asian stocks closed lower. The market appeared to be moving well, with bulls reappearing, but analysts issued a warning that important supportsStock Market Today | Share Market Live Updates - Get all the latest information on the Indian stock markets, share prices, Sensex, Nifty, BSE, and NSE for May 17, 2024, right here.
Live stock market updates for May 15, 2024: Cipla up 4%, Nifty and Sesnex under pressure
Nifty, Sensex, and Stock Prices Equity benchmarks in real time Both the NSE Nifty and the BSE Sensex gave up their early gains to trade down during Wednesday's morning session. At 11.45 am, the Nifty50 as a whole fell 0.15%, compared with the Sensex's 0.25% loss. As the pharmaceutical giant's promoters and promoter group companies plan to sell up to 2.53% of the firm through a block offer for a total value of ₹2,637 crore, Cipla's stock increased by more than 4%. At ₹1426 per share on the listing, TBO Tek was trading at a 55% premium over its issue price of ₹920.Stock Market Today| Live Updates on the Share Market - Get all the latest information on the Indian stock markets, share prices, Sensex, Nifty, BSE, and NSE for May 15, 2024, right here.Sensex Today | Real-Time Stock Market News: The week-long upward trend in Indian stock market indexes continued on Wednesday, with investors closely monitoring U.S. inflation statistics for clues regarding possible interest rate adjustments.
Live updates on the share price of NBCC India today: NBCC India stock declines in todays trading
Live updates on the share price of NBCC India today: On the final day of trading, NBCC India's stock finished at ₹129.8, having begun at ₹132.4. ₹137.7 was the day's high, and ₹130.95 was the low. At ₹24642.0 crore, the market capitalization was recorded. The stock has a 52-week high of ₹176.5 and a 52-week low of ₹38.1. There were 839,998 shares traded on the BSE in the day.Current Live Share Price for NBCC India: At 11 AM, the price of NBCC India is trading at ₹136, indicating a fall of -0.66%, while the volume traded is 6.90% greater than yesterday's volume. In addition to price, volume traded is an important indication for trend analysis. Higher volume and a positive price movement both point to a long-term upward trend, whereas a negative price movement and higher volume can suggest a future price decrease.Current Live Share Price for NBCC India: Over the past hour, the stock price has fluctuated between 137.22 and 134.27 levels. By making purchases close to the hourly support at 134.27 and sales close to the hourly resistance at 137.22, traders may wish to think about rangebound trading tactics.NBCC India Share Price Live: Currently trading at ₹135.75, the share price of NBCC India is between the important daily support and resistance levels of ₹132.67 and ₹139.32. Should it surpass the ₹132.67 support level, we should anticipate additional bearish movement. On the other hand, a positive movement will occur if the price crosses 139.32.NBCC India Share Price Live: Today, the company's stock price fell by 0.55% to ₹136.15, while the performance of its peer businesses was inconsistent. Brigade Enterprises, Kalpataru Projects International, and IRB Infrastructure Developers are all on the rise, whereas IRCON International is on the decline. The major indices, the Sensex and the Nifty, are down 0.04% and 0.11%, respectively, overall.Live Updates on NBCC India Share Price: Sell is the consensus analyst rating. Live Updates on NBCC India Share Price: The trend of analyst recommendations, with a current rating of Sell, is displayed below. The goal price, ₹105.0, is 22.91% less than the current market price. ₹30.0 is the lowest target price according to analyst forecasts. ₹143.0 is the highest goal price according to analyst forecasts.
Live stock market updates for May 14, 2024 Shriram Finance gains more than 2% while Sensex and Nifty trade flat with a positive bias.
Nifty, Sensex, and Stock Prices LIVE: The BSE Sensex was up 104.84 points, or 0.14%, at 72,880.98 at 10.40 a.m., while the Nifty 50 was up 39.35 points, or 0.18%, at 22,143.40. All sectoral indices saw positive trading, with the exception of Nifty Healthcare, FMCG, and Pharma. Nifty Bank increased by 0.05% and Nifty Metal gained 1.16%. India's VIX went up to 21.12%. In May, DIIs made purchases while FIIs kept selling equities. With strong market volatility indicated by the India VIX, analysts advise investors to hold off until a trend change is anticipated, which is anticipated before June 4th, the counting day. Kotak Securities' Shrikant Chouhan offered trading methods based on index levels. Major laggards on the NSE were Cipla, Divi's Laboratories, and Bajaj Auto, while top gainers were Shriram Finance, Power Grid, and Hindalco. PrincipalStock Market Today | Share Market Live Updates - Get all the latest information on the Indian stock markets, share prices, Sensex, Nifty, BSE, and NSE for May 14, 2023, right here.Sensex Today Live Updates: After an overnight surge in Chinese equities listed in the US, Hong Kong markets seemed set to rise. Before this week's important US inflation data, other Asian markets moved in a rangebound manner.Hong Kong equity futures increased as the Golden Dragon Index reached its highest point since September on Monday. Tencent Music Entertainment saw an 11% increase as the online platform released first-quarter results that exceeded forecasts. Australian shares fell as benchmarks in South Korea and Japan increased.According to Chris Weston, head of research at Pepperstone Group, "Hong Kong markets should open higher, with all eyes on earnings from Tencent and Alibaba – both will need to deliver earnings above consensus results and inspiring guidance, as expectations are high, and the market is long and strong." Just a few days ahead of the primary consumer price index, which is expected to indicate stabilization but still remaining too high to justify rate cuts, US stocks, bonds, and the currency experienced slight movements. US futures traded steadily in the early hours of Asia. Economists will analyze US producer price data later on Tuesday to evaluate the significance of the many categories that go into the Federal Reserve's favored inflation indicator. Additionally, Fed Chair Jerome Powell has set
Purchase stocks before June 4, advises Amit Shah; what stock market experts suggest
Union Home Minister Amit Shah told a media outlet on Monday not to link the recent stock market moves to the general elections of 2024. He encouraged stock investors to "buy before June 4," the date of the Lok Sabha election results, anticipating a subsequent surge in the domestic stock market."I can't anticipate stock market moves. However, the market often experiences a surge when a solid government is constituted at the center. I see $400-plus seat wins for BJP, a stable Modi government coming, and thus market rising," Shah told NDTV.His remarks were made on a day when the stock market benchmark Nifty was down for the sixth straight session and the fourth phase of the ongoing elections was in progress. The market's current state of uncertainty regarding the poll's outcome did not seem to phase Shah.Nomura India predicted a BJP victory and continued policy after the general elections in 2024 based on recent polls. Nomura envisions a persistent emphasis on infrastructure spending and a manufacturing drive in addition to budgetary consolidation as part of the reform program for the ensuing five years."The government might concentrate on the more divisive political reforms pertaining to the forces of production—land, labor, and capital—as well as judicial reforms and streamlining the administration of direct and indirect taxes, such as incorporating alcohol, gas, and electricity under the GST. The administration is also anticipated to concentrate more on facilitating foreign investment and establishing the framework for industries of the next generation," the statement stated.MUFG Bank, however, pointed out that although it appeared to be a "done deal," with most political analysts and pollsters predicting that the incumbent BJP government would likely win handily, lower voter turnout in the first three phases of the election has raised perceived uncertainty about the result, even though the consensus is still firmly in favor of the incumbent's return. As long as the Bharatiya Janata Party (BJP) retains a majority of seats in the Lok Sabha (more than 272 seats), we believe that markets will eventually see the results of the Indian general elections favorably. If the BJP loses a few seats but keeps its majority, there might be some little knee-jerk weakness in INR FX and risk assets, the report stated.According to MUFG Bank, in such a situation there will still be policy continuity in important sectors like infrastructure, investment attractiveness, fiscal consolidation, and inflation management, so this weakness should eventually rebound. "Conversely, a greater seat share win by the BJP compared with 2019 (>303 seats) would increase the ability to pass more contentious structural reforms in land, labour and the agriculture sector, and will be perceived much more positively by markets, with INR FX and risk assets likely rallying in the aftermath," it stated. All eyes would be on the July Budget, according to Mirae Asset, if the BJP wins power, to see if any changes are made to the MSP policy, direct or indirect taxation, or MGNREGA payments. Long-term, the emphasis wouldPhillipCapital stated this week that if the much-publicized 400-plus target is met by the BJP-led NDA, it anticipates a robust rise. "We would view a lower 300–330 seat NDA as a buying opportunity if it causes a knee-jerk reaction in the market, or a decline. We would maintain a careful eye on the election's outcome and stock market conditions in the event that voter turnout continues to deteriorate in the upcoming rounds of the election, the domestic brokerage stated in its note.
After a huge debut, the share price of Indigene plummets 12%. Purchase, sell, or hold?
Current state of the stock market: The price of Indigene shares listed at a hefty premium on the BSE and NSE, notwithstanding weakness across Dalal Street segments. The price of one Indigene share is ₹659.70 on the BSE, while the share is listed at ₹655 on the NSE. Profit-booking, which occurred shortly after the share debut, caused the stock to drop sharply against the listing price, with the NSE and BSE seeing intraday lows of ₹527.10 and ₹527.80, respectively. As a result, the stock was unable to maintain the greater premium. Nonetheless, there was a slight recovery and reduction in losses for the recently listed shares. As of right now, the NSE is quoting Indegene shares at ₹600 apiece, which is around 9% less than the listing price.Prashanth Tapse, AVP of Research at Mehta Equities, commented on the Indegene share price listing: "Taking into account the robust subscription demand and a healthy listing gain as per our expectations against the issue price of ₹452 per share." Because of its near monopoly in providing services specifically designed for the life sciences sector and its in-depth knowledge of pharmaceutical marketing, clinical trials, pharmacovigilance, medical and regulatory affairs, and health informatics—all of which benefit its clientele throughout the value chain—we think the company's healthy listing is warranted."Purchase, sell, or hang onto? The professional guidance from Mehta Equities is evident for the Indegene share allottees upon listing. "Post-listing, we see the valuations are getting stretched and considering market selloff mood and other parameters, we are recommending conservative investors to book profits, while risk-taking investors can continue holding for long term." This advice is essential for making wise investing choices.A smart go-to-market approach is anticipated to propel Indegene's operational performance forward. It is recommended that investors who have been allotted shares hold them for medium- to long-term gains due to their solid financial track record and fair valuation.Investors are reassured by Pace 360's Chief Global Strategist and Co-Founder Amit Goel about Indegene Limited's distinct position in the market. "Indegene Limited is a distinctive participant in the Life Science Industry, providing digitally guided commercialization services. Its virtual monopoly accounts for more than 98% of its total income worldwide. Considering the favorable outlook following profit-booking, investors could want to allocate funds for medium- to long-term gains." The company's future prospects should be bolstered by this unique position.
Release date for the Super Mario Bros. film: Nintendo makes a significant statement
According to information released by Nintendo, a Super Mario Bros. movie is being developed. According to a Dexerto article, the film's creators hope to debut the movie in theaters on April 3, 2026, even if there isn't an official release date yet.The company that supported the first Super Mario Bros. movie in 2023, Illumination, is slated to produce the next one as well. The 2023 film surprised everyone by being the second-highest-grossing film of the year, according to Dexerto.As previously reported by the AP in March, a business that was sued by Nintendo for developing software that enabled widespread video game piracy has agreed to pay the creator of "Super Mario" $2.4 million in damages and shut down the tool.The firm that created "Legend of Zelda" and "Donkey Kong" filed a lawsuit against Tropic Haze, a US state based in Rhode Island, for owning and operating the well-known video game emulator Yuzu.To play video games meant for a particular platform, such the Switch, PlayStation, or Xbox, one can download an emulator onto a computer or smartphone. Originally, before retro gaming became a separate market for Nintendo, Sony, and Microsoft, emulators were created to play games that were no longer released on the newest platforms.As per a settlement agreement submitted to the US federal court located in Rhode Island, the defendant consented to transfer all of Yuzu's programming code to Nintendo and cease making the game accessible to the general public.
Highlight of the Stock Market The markets end their losing run! Nifty closes above 22,000, Sensex closes up nearly 250 points; Bank Nifty finishes in the red.
News about Today's Share Market Crash - Sensex, Nifty, Share Prices Highlights of the Crash: The trading session on Friday saw the key equity indices conclude in the green.Current News on the Share Market: Sensex, Nifty, and Share Prices Standouts: On May 10, the benchmark equity indices ended a four-day losing streak. The NSE Nifty 50 closed 97.10 points, or 0.44%, lower at 22,054.60, while the BSE Sensex increased 248.45 points, or 0.34%, to conclude the day's trading at 72,652.62. At 49,551.20, the Nifty Midcap 100 ended the day higher, up 442.05 points, or 0.90%. Nevertheless, Bank Nifty ended the day at 47,449.64, down 38.25 points, or 0.08%.Highlights of the stock market: On Tuesday, continuous selling in major index heavyweights including Reliance, HDFC Bank, Infosys, and Bharti Airtel caused equity benchmark indices to linger in the negative zone.The S&P BSE Sensex eventually closed 362 points lower at 72,470 after reaching a low of 72,363. The BSE benchmark ended its three-day winning streak, during which it had gained 821 points, in the process. The NSE Nifty 50 closed at 22,005, down 92 points from its closing price of 21,948, but it was able to keep over the 22,000 barrier in the end.The two companies with the largest percentage losses among the Sensex 30 were Power Grid and Bharti Airtel, both down 2%. On the BSE benchmark, however, HDFC Bank, Reliance, and Bharti Airtel collectively contributed to a 250-point decline.However, a few noteworthy largecap movers were Axis Bank, Larsen & Toubro, NTPC, and Bajaj Finance.The BSE MidCap index concluded with a 0.7% gain, outperforming the rest of the market. The SmallCap index finished slightly lower, down 0.1%.
Yes Bank releases a list of senior hires.
Mumbai: Rajeev Uberoi was named senior group president for governance and controls and Anurag Adlakha was named senior group president and head of financial management and strategy by Yes Bank on Monday.Uberoi will be in charge of management governance, compliance, vigilance, legal (general counsel), company secretarial, and control responsibilities at Yes Bank. Uberoi was previously in charge of legal and audit at IDFC Bank.Adlaka, the former CFO of Jana Small Finance Bank, will be in charge of boosting Yes Bank's bottom line.According to a press release from the bank, both of the top personnel will answer directly to Ravneet Gill, managing director and chief executive officer.Additionally, the Yes Bank board of directors made it clear that the lender's liquidity and operational performance were strong, and that its financial condition was "sound and stable." To approve the financial results for the quarter that ended on June 30, 2019, the board will convene on July 17. In addition, the bank denied "unfounded speculation about, among other things, the bank's asset portfolio, future growth prospects, Board & management stability."Yes Bank shares were trading at ₹93.40 on the BSE at 11:45 a.m.Yes Bank shares were trading at ₹93.40 on the BSE at 11:45 a.m. Open up a world of advantages! Everything you need is right here, only a click away, including intelligent newsletters, real-time stock tracking, breaking news, and a customizable newsfeed! Register Now!
This railway stock surges 7% after signing ₹229 crore deal with AAI
Rail Vikas Nigam Ltd saw a 7.2% surge in its shares on Tuesday, March 26, following its agreement valued at ₹229 crore with the Airports Authority of India (AAI).In a recent filing with the exchange, the company disclosed the execution of a Memorandum of Understanding (MoU) with the Airports Authority of India. This MoU is geared towards streamlining the development of a subway or underpass, intended to link the operational area to the residential colony of the statutory body in Kolkata.The projected cost for this construction endeavor is approximately ₹229.43 crore, inclusive of GST charges. The Indian Railways Public Sector Undertaking (PSU) emerged as the top performer on the Nifty Midcap 100 index, with RVNL shares surging by as much as 7.2% to reach ₹267.8 apiece on the BSE.Rail Vikas Nigam Limited (RVNL) clinched the position of the lowest bidder (L1 bidder) for a project valued at ₹167.28 crore by South Eastern Railway on Wednesday, March 20, 2024. The contract for this project has been confirmed by South Eastern Railway. The project involves the design, supply, construction, testing, and commissioning for the upgradation of the electric traction system from 1 x 25 KV to 2 x 25 KV traction system for the Rajkharsawan-Nayagarh-Bolani section of Chakradharpur division of South Eastern Railway. This upgrade aims to meet the 3,000 MT loading target, as stated by the company last week. RVNL's shares have witnessed an impressive growth of almost 50% in the last three months and are up by over 45% this year. Over the past year, the stock has delivered a remarkable return of 307% to its investors.At 1:19 pm, RVNL shares were trading 4.8% higher at ₹261.8 apiece on the BSE.
