Top 5 Thumb Rules of Investing
Having too many options can often create confusion. The same goes for investments. With so many investment options and strategies, it can be difficult to understand which is the right approach for you. While there are dozens of thumb rules for investing, let us go through the common top 5 thumb rules of investing. What is a Thumb Rule? It is an idea or principle that guides you...
Market Morning Notes For 14th June 2023
Markets gapped up above 18720 in Nifty futures and managed to reinforce breakout from consolidation zone. The immediate target from hereon is expected around 19194 in Nifty future which may be followed with sharp profit booking. With U.S Fed meet lined up today evening, we expect markets to take positive cues if interest rates hikes are paused and on a dovish commentary. Key US data- FOMC...
Market Morning Notes For 13th June 2023
Markets activity remained range bound on Monday as Nifty futures failed to cross 18720 despite trading with positive bias throughout the day. We expect major bullishness to reinforce on a move above 18720 with immediate target of 19000. The lower reading of India VIX of around 11% mark suggests excessive put writing in system which may also act as key catalyst for Nifty journey towards 19500...
Weekly Market Report From 5th to 9th June 2023
Nifty ends flat, RBI policy outcome as expected; Fed Meet in focus. Markets remained range bound, and the Nifty ended almost flat during the week helped by firm global trends and positive news flow on the domestic macro front. The Reserve Bank of India’s Monetary Policy Committee’s decision on June 8 to hold policy rates was pretty much along expected lines and the overall...
Market Morning Notes For 12th June 2023
Markets for the week ended with marginal gains after Nifty failed to cross the key hurdle of 18800 after RBI opted for a cautious approach by refraining from a significant cut in inflation expectation. In the coming week, the global markets may have to battle out Fed meeting where a rate hike pause is already priced in but Fed commentary would be crucial for future policy stance. For...
Market Morning Notes For 9th June 2023
Markets reacted lower after RBI maintained the status quo in monetary policy which was on the expected lines. However, the markets were expecting a dovish stance in RBI commentary which was missing. The major drag for the market came from financials which cooled off 1% from the day’s high. At the current juncture, Nifty remains in a critical juncture for a launch of the major rally as the...
Top 10 Benefits Of Filing Your ITR
Filing Income Tax Returns before 31st July is an important responsibility of every taxpayer. However, many people view it as a burden and don’t file their returns or delay the process and rush to file their taxes at the last minute. This can cause unnecessary errors. And if you miss the due date, you will also be liable to pay a penalty for filing belated returns. On the other hand, filing...
Market Morning Notes For 8th June 2023
Markets carried momentum further higher on Tuesday with gains mainly coming from non-financial and Nifty Alpha Low Volatility index stocks rising more than 1%. Since March 2023, The Nifty Alpha Low Volatility Index has gained nearly 13% outperforming Nifty & Sensex with wide margin and still has further room of 13% in the coming days. With Nifty Futures taking out the major hurdle of...
Market Morning Notes For 7th June 2023
Markets witnessed volatile trade on Tuesday with Nifty drifting lower and later on recover in the last hour of trade to end in marginal positive terrain. The spread of Nifty 50-Nifty 500 Index has re-tested the support of bullish flag which may provide necessary cushion for Nifty 50 index to launch major rally towards 19285. For today’s trading session, 18750 in Nifty futures is seen as a...