From October 1, Indian stock market investors will face changes including revised transaction fees by BSE and NSE, an increase in Securities Transaction Tax on Futures & Options trading, and new taxation rules for share buybacks. These changes could impact trading strategies and profits.
Posts in category Economic Times
Rupee falls 6 paise to 83.75 against US dollar in early trade (30-09-2024)
The rupee depreciated by 6 paise to 83.75 against the US dollar in early trade on Monday due to negative equity market sentiment and foreign fund outflows. Forex traders cited rising crude oil prices and a strong dollar as contributing factors. Investors are awaiting domestic manufacturing PMI numbers this week.
Sebi set to curb booming options frenzy as risks abound (30-09-2024)
Sebi will discuss the measures proposed earlier in July — including limiting the number of options with weekly expirations and raising the minimum contract size — at a board meeting today, the people said, asking not to be identified before a final announcement.
Monday Blues! Sensex slides 700 points, Nifty below 26K on mixed global cues (30-09-2024)
Indian benchmark indices Sensex and Nifty50 opened lower on Monday, influenced by mixed regional market cues and declines in major stocks like Reliance Industries and Infosys.
Ola Electric shares in focus on plans to double service centers to 1,000 by December (30-09-2024)
Ola Electric, India’s leading electric two-wheeler maker, announced plans to expand its service network and offer new customer benefits to boost EV adoption.
Hot stocks: Brokerage views on Zomato, IndusInd Bank, Varun Beverages and Asian Paints (30-09-2024)
Global brokerage CLSA has maintained its Outperform rating on Zomato with a target price of Rs 283.90/share. Zomato remains CLSA’s top pick in the food delivery space. Zomato gains in metrics over Swiggy in FY24 and Q1FY25. The QSRs are losing market share to aggregators.
Adani Energy shares in focus after transfer of Dahanu Thermal Power Station to subsidiary (30-09-2024)
Adani Energy Solutions shares are in focus as Adani Electricity Mumbai transfers the Adani Dahanu Thermal Power Station to North Maharashtra Power Ltd. through a slump sale. This move, part of a broader restructuring strategy, aims to attract ESG-focused investors and improve the company’s global utility rankings. The transaction awaits regulatory approval.
Stocks to buy today: RIL, Titan among top 8 trading ideas for 30 September 2024 (30-09-2024)
The Indian market is expected to consolidate on Monday, influenced by global cues. The Nifty future saw slight gains on Friday. Analysts suggest a broader trading range and highlight key support and resistance levels. Several stock recommendations are provided for short-term traders, including Gravita India, Praj Industries, and Colgate Palmolive India.
ETMarkets Smart Talk: Mid-Cap valuations at risk! Retail greed rising in Indian markets, warns Vipul Bhowar (30-09-2024)
While there may be increased volatility due to underlying economic concerns in the US, there is optimism about the potential benefits for sectors like IT and infrastructure from this shift in monetary policy. Investors should stay informed about foreign investment trends and the RBI’s upcoming policy decisions, as these will influence the direction of Indian markets soon.
Nifty eyeing 27,000-level in short term, 3 stock ideas for the week from Rupak De (30-09-2024)
Nifty has gained about 4% in the month of September, and if we look at the medium-term chart, the index has gained 23% since the General Election results, all within just 4 months. That’s “too fast, too furious.” Nevertheless, this strength in the market might continue in the short to medium term.