Budget And Markets

Subhash Chand Aggarwal, chairman & MD, SMC Global Securities says Trump's return may provide several benefits to India due to trade tensions between US and China

Industry body CII in its budget suggestions for 2025-26 has recommended lowering the excise duty on fuel to boost consumption, especially at the lower income level, arguing that fuel prices significantly drive inflation. The budget could also consider reducing marginal tax rates for personal income up to Rs 20 lakh per annum. This would help trigger the virtuous cycle of consumption, higher growth and higher tax revenue, said CII. Asserting that the gap between the highest marginal rate for individuals at 42.74 per cent and the normal Corporate Tax Rate at 25.17 per cent, is high, it said, inflation has reduced the buying power of lower and middle-income earners. "The central excise duty alone accounts for approximately 21 per cent of the retail price for petrol and 18 per cent for diesel. Since May 2022, these duties have not been adjusted in line with the approximately 40 per cent decrease in global crude prices. Lowering excise duty on fuel would help reduce overall inflation and

On Tuesday this week, Prime Minister Narendra Modi also interacted with a panel of distinguished economists and thought leaders at NITI Aayog on the strategies for the Union Budget 2025-26

Stock market in 2024 so far: One of the most pivotal events impacting investor sentiment was the outcome of the 2024 General Elections

These market infrastructure institutions (MIIs) have been asked to segregate such data into two baskets-one that can be shared with the public and the second that cannot be made public

Markets regulator Sebi on Tuesday came out with new guidelines for stock exchanges, clearing corporations and depositories to ensure robust capacity planning and real-time performance monitoring of their critical IT systems. Under the guidelines, market infrastructure institutions (MIIs) have been directed to develop future-ready frameworks to estimate capacity needs based on trends, historical data, transaction growth, and business changes, according to a Sebi circular. Also, they have been asked to submit methodology details to Sebi within three months after approval from the Standing Committee on Technology (SCOT) and the Governing Board. MIIs have been asked to ensure adequate system capacity in place to handle high volumes to ensure high level of service availability. The installed capacity should be at least 1.5 times of the projected peak load. The projected peak load should be based on trends from the past 180 days and other relevant factors. They have been asked to conduc

While the formal meetings of Finance Minister Nirmala Sitharaman with various stakeholders seeking their wishlist for Budget 2026 is expected to begin next month, the budget-making exercise is gaining

Benchmark indices Sensex and Nifty after smashing many record peaks this year, slipped into a correction mode, with the NSE key gauge falling over 10 per cent from its record high hit in September amid concerns of foreign investors fleeing the domestic market, weak Q2 earnings and stretched valuations. The BSE benchmark Sensex hit its record peak of 85,978.25 on September 27 this year, and the NSE Nifty also reached a lifetime high of 26,277.35 on the same day. However, markets came under bear attack from October onwards. The BSE benchmark gauge is down a massive 8,397.94 points or 9.76 per cent from its all-time high, and the Nifty has also lost 2,744.65 points or 10.44 per cent from the record. "Elevated valuations had already raised concerns, but a stimulus package in China prompted a significant shift in Foreign Institutional Investor (FII) flows from India to China. This exodus was further fuelled by weak Q2 earnings, while a rise in US bond yields and the dollar index added ..

The combined market valuation of six of the top-10 most-valued firms eroded Rs 1,55,721.12 crore last week, with Reliance Industries emerging as the biggest laggard, in line with an overall weak trend in equities. Last week, the BSE benchmark declined 237.8 points, or 0.29 per cent. While Reliance Industries, Bharti Airtel, ICICI Bank, ITC, Hindustan Unilever and Life Insurance Corporation of India (LIC) suffered erosion in their market valuation, Tata Consultancy Services (TCS), HDFC Bank, Infosys, and the State Bank of India were the gainers. The valuation of Reliance Industries fell Rs 74,563.37 crore to Rs 17,37,556.68 crore. Bharti Airtel's valuation dropped Rs 26,274.75 crore to Rs 8,94,024.60 crore. The market valuation of ICICI Bank slumped Rs 22,254.79 crore to Rs 8,88,432.06 crore and that of ITC tanked Rs 15,449.47 crore to Rs 5,98,213.49 crore. LIC's market capitalisation (mcap) declined Rs 9,930.25 crore to Rs 5,78,579.16 crore and that of Hindustan Unilever went low

India is one of the largest oil importers and easing prices of crude could reduce inflationary pressures. The retail inflation accelerated to a nine-month high of 5.49 per cent in September

RPP Infra's road improvement project in Jalgaon, Maharashtra, has to be completed within two years. With this order, the company's order book stands at Rs 3,523.24 crore as of October 15, 2024

Sebi Whole-time Member Ananth Narayan G on Monday reminded investors that Indian equities have consistently delivered 15 per cent returns over the last 5 years whereas the same has been zero or even negative in China. Terming the Indian markets "sone pe suhaga" for delivering higher returns for lower risks, Narayan also flagged a few areas of caution for investors and asked them to be conscious of the risks. "There's a lot of talk about China markets over the last few days. But over the last five years, while Indian markets have given around 15 per cent compound annual growth rate consistently, Chinese markets are nowhere close to that. It's almost zero. In fact, in some cases, like in Hong Kong, it's actually negative," Narayan said. Speaking at an event marking the start of the Investor Awareness Week at NSE, Narayan said FY24 was a "remarkable" year for India, with the benchmark indices returning 28 per cent and the volatility just 10 per cent. "That's like 'sone pe suhaga'. It'

Sebi's proposed changes will significantly impact discount brokers, whose business relies heavily on retail F&O trades, Vora said in this interview

There is a lot of liquidity, shift from bank deposits to financial markets and capital formation is finally happening, said Motilal Oswal's Raamdeo Agrawal at 'Budget with BS: The Fine Print' event

The uptick in the stock price came after the pharmaceutical company announced that it has secured an approval from COFEPRIS of Mexico to market Mamitra to treat various cancers.

Buyback and tax-free dividend had a gap and an equalisation was needed. Volumes in F&O trading had gone up rapidly and, in a way, the increase in STT on F&O will protect investor interest, he said

FIIs net sold stocks worth Rs 10,712 crore in the cash market, and index futures worth Rs 10,336 crore in the derivatives segment in the three trading sessions post Budget 2024.

For context, the record highs for Sensex and Nifty50 are 81,587.76 and 24,854.80 levels, respectively.

The economy, which continues to outperform its global peers despite hefty rate hikes from the Fed in 2022 and 2023, remains supported by a resilient labor market even as the unemployment rate has rise

Management sees increased opportunities in the existing and new clients based on the current business environment.