Re-evaluate Your Tax Planning Strategies
As a business owner, investor, or even a salaried employee your goal is growth, financial security, and independence. Planning a tax strategy isn’t your top priority throughout this journey. However, you must know that it is a key player in shaping your overall wealth. Often people miss out on planning a tax strategy until the time of payment. It should be planned well in advance as...
Market Morning Notes For 16th May 2022
Markets for the week remained under pressure with the Nifty closing lower by almost 4% while high beta sectors like Metals and Energy declined by more than 10% putting pressure on the broader markets. However, at the current juncture, the Nifty 50 equal-weighted index has completed the setup of ‘Bullish Flag’ after weekly closing near the support zone, and the market may see...
Market Morning Notes For 13th May 2022
Markets witnessed intense selling after the sell-off in global markets forced the Nifty to breach key turnaround support of 16123 to end near 15800 closer to March 2022 lows. With the recent decline, the Nifty 50 Equal Weight index has thrown up a ‘Bullish Flag’ setup with an upside potential of 20%. We thus expect the Nifty 50 to trigger a major reversal on close above...
Market Morning Notes For 12th May 2022
Markets continued to feel the heat of broad-based selling while Nifty & Bank Nifty remained more or less resilient to weakness in the broader markets. In fact, Bank Nifty has managed to post gains for the second straight trading session despite the carnage in global equities while the technology and metal sectors have been taking a major beating in the past few days. For Nifty,...
Delhivery Ltd. IPO (May Subscribe)
Issue Size -113,336,452 – 107,517,088 shares Issue Open/Close – May 11/May 13, 2022 Price Band (Rs.) 462 – 487 Issue Size- Rs 52.35 bn Face Value (Re.) 1 Lot Size (shares) 30 Delhivery provides a full range of Logistics services, including delivery of the express parcels and heavy goods, PTL freight, TL freight, warehousing, supply chain solutions, cross-border Express, freight...
Market Morning Notes For 11th May 2022
Markets witnessed a major shake-out on Tuesday with high beta sectors like metals, small caps, and energy declining by more than 2% with the Nifty Metal Index taking a major hit of more than 5% while Bank Nifty ended with modest gains. This phase of sectoral rotation would force funds to move out from the non-financial segment back to the financial sector forcing the Nifty to rally...
Market Morning Notes For 10th May 2022
Markets remained under pressure but rebounding from 16150 helped the Nifty to recoup losses to finally end above 16300 levels while broader markets underperformed with the breadth of the market deteriorating to 3:10. We expect Nifty to bottom out around 16123 and resume its upward journey in the coming days with a rally more specific to large-cap counters. The rupee breached...
Financial Planning And Its Importance For Millennials & GenZ
‘A stitch in time saves nine’ rightly defines financial planning. Basically, financial planning is all about finding out what exactly you need to do with your money to meet your financial goals. It allows you to systematically achieve both of your short as well as long terms goals by ensuring optimum utilization of your current in-hand resources. Financial Planning is prudent for all age...
Interest Rate Hike Impact On Common People & Economy
The Reserve Bank of India raised the repo rate by 40 basis points (bps) to 4.40 percent in an unscheduled meeting and surprised the market. The Monetary Policy Committee (MPC) unanimously decided to hike rates for the first time since August 2018, while keeping the stance accommodative. Let us understand why was this necessary to call for an unscheduled meeting? This was done to...