Union Budget 2024: Tax Benefits Extended, Slabs Unchanged, Capex Boosted – Exploring Key Announcements
Finance Minister Smt Nirmala Sitharaman introduced the Interim Budget 2024-25 in Parliament on Thursday, February 1, coinciding with the commencement of the Budget Session. This budget holds significance as it is an interim one, being presented just before the Lok Sabha Elections. The budgetary allocations and policy directions reflect a strategic approach toward fostering growth, social...
Market Morning Notes For 1st Feb 2024
Markets regained control above the breakout line after Sensex posted closing above 71500 and could be poised to rally further towards 74000 in the coming days. The RSI reading moving back above the 50 mark and followed with RSI generating positive reversal on a daily basis may provide a booster dose for accelerating momentum in the coming days. Yesterday’s up move although led by...
Budget 2024 Date, Time and Expectations
Recent successes in state elections, setting a positive backdrop, have now focused attention on India’s upcoming Interim Budget for 2024. Rather than grand populist gestures, there’s an expectation of a shift towards policy continuity and sustainable growth. This blog explores the diverse expectations from Budget 2024, delving into key areas poised to shape the economic...
BLS E-Services Limited (Subscribe)
Highlights Issue Size –: 23,030,000 sharesIssue Open/Close – 30 Jan / 01 Feb, 2024Price Band (Rs.) 129 – 135Issue Size (Rs.) – 3,109 mnFace Value (Rs) 10Lot Size (shares) 108 BLS E-Services Limited (BLSESL) incorporated in 2016, is a subsidiary of BLS International Services Limited and is a technology-enabled digital service provider, providing (i) Business Correspondents...
Market Morning Notes For 30th Jan 2024
Markets surged around 2 pct on Monday to recoup last week’s losses after Reliance Industries single-handedly contributed to Sensex gains by rallying 7 pct. The breakout in the ratio of Reliance Industries to Nifty 50 acted as a key trigger for momentum buying in Reliance Industries which may accelerate further in the coming days. In Sensex, the immediate upside is seen towards...
Market Morning Notes For 29th Jan 2024
Markets witnessed selling pressure last week on the back of weakness in the banking sector, but Sensex managed to defend its crucial support of 70665 and followed with closing above 50 DMA. A close above 70665 has reignited positive momentum and expect Sensex to retest to 73400 in the coming days. The trigger for accelerated momentum in the coming week may come from a sharp decline in India...
The Landscape Of Robo-Advisory in India
In the dynamic world of finance, technology is playing a pivotal role in reshaping traditional paradigms. One such disruptive force gaining prominence in India is robo-advisory. This innovative approach to wealth management is revolutionizing how individuals invest and plan for their financial futures. In this exploration, we will delve into the evolving landscape of robo-advisory in India,...
Market Morning Notes For 25th Jan 2024
Markets rebounded sharply from 50 DMA to post formidable gains and reconquered the resistance line placed at 70,665 led mainly by gains from technology and metal sectors. The oscillators in the past few days have seen cooling off from extreme overbought zone and provides necessary cushion for next leg of up move. With India VIX sustainably trading below the 15 mark despite hyper volatility,...
Market Morning Notes For 24th Jan 2024
Markets negated breakout on Tuesday after Sensex slipped below 70,665 triggering broad-based sell-off on back of expectations that SEBI is set to impose ultimate beneficial ownership norms for overseas investors w.e.f Feb 1. The midcap and small cap index saw deeper cuts of more than 3% while the pharma index being defensive posted gains of nearly 2%. From a short-term perspective, selling...