A Complete Guide to Market-Linked Debentures
Over the past few years, market-linked debentures have been gaining much popularity in India against their counterparts. These structured products come with unique features and various benefits available to investors. However, the concept of these debentures is yet unclear. The Indian debt market has been showing great interest in these debentures and thus it becomes crucial to understand the...
Market Morning Notes For 15th February 2023
Markets surged on low volumes on Tuesday with Nifty gaining around 1% on the back of positive global cues to close above 17900 while the breadth of the market remained negative. As the weekly pattern last week has turned out to be inside the bar, the upside breakout would be confirmed only on a weekly close above 17972 else we may see Nifty moving lower towards 17000. The lower...
NPS Tax Benefits As Per The New Tax Regime And Old Tax Regime
Following the Budget 2023, there has been some confusion regarding the tax benefits of the National Pension System (NPS) under both the new tax regime and the old tax regime. This is largely due to the government’s emphasis on promoting the new tax regime over the old one. To clear up this confusion, let’s take a closer look at the NPS tax benefits in both regimes. Everyone...
Market Morning Notes For 14th February 2023
Markets remained under pressure due to Adani news flow with broader markets significantly underperforming key indices as Nifty closed below 17800. We expect selling pressure to intensify further with expect an immediate target for Nifty below 17000. The India VIX jumped sharply from key support of 12.7 in yesterday’s trade to post a short-term reversal of the Bullish Engulfing line...
Weekly Market Report From 06th to 10th Feb 2023
Markets remain rangebound; Global cues, Adani news will remain in focus Markets remained rangebound and ended on a flat note for the week while broader markets outperformed. On the expected lines, the Reserve Bank of India (RBI) raised the key policy repo rate by 25 bps and said it remained focused on the withdrawal of accommodation. The U.S. Fed said 2023 would be a year of...
Market Morning Notes For 13th February 2023
Markets for the week ended unchanged after multiple failed attempts to cross above 17,900 thus forming Inside Bar on a weekly candlestick. Markets have been battling with frequent negative news flow from Adani Group as more and more global institutions raise the alarm over the channeling of funds through safe haven destinations and overvaluation. For Nifty, the setup for the market still...
Market Morning Notes For 10th February 2023
Markets ended on a flat note after an initial gap-down opening which was mainly due to the announcement that MSCI is reconsidering Adani group shares’ free float in MSCI India Index after an allegation levied by the Hindenburg report. MSCI Indices are a globally highly tracked benchmark by the most global institution. For Nifty, the 17900 level has firmly acted as a major resistance...
Key Highlights of Budget 2023
On February 1st, 2023, Nirmala Sitharaman, the Finance Minister, unveiled the Union Budget 2023. The budget, which took into account the government’s future plans and benefits for taxpayers, appears to be in line with expectations. From the highly anticipated tax relief for the salaried class to the impact on the insurance industry, here are the major highlights of the Union Budget...
Market Morning Notes For 09th February 2023
Markets rebounded sharply on Wednesday despite RBI hiking repo rates by 25 bps. RBI Gov says the situation remains fluid and uncertain. RBI is focused on the withdrawal of accommodation. Core inflation remains sticky and inflation will rule above the 4 pct target. Nifty has been trading in a narrow band of 17600-17900 since Budget Day and all eyes remain on the movement of USDINR which is...