Market sentiment remains weak with potential downside risk. (AI image) Stock market today: BSE Sensex and Nifty50, the Indian equity benchmark indices, surged in trade on Tuesday. While BSE Sensex was above 77,800, Nifty50 was above 23,550. At 9:42 AM, BSE Sensex was trading at 77,888.63, up 702 points or 0.91%. Nifty50 was at 23,563.35,…
Stock Recos by Brokers 040225 BofA Securities has maintained its ‘buy’ recommendation on Reliance Industries with a target price of Rs 1,550 (+24%). Analysts feel that the launch of Chinese fast fashion major Shein through RIL’s platform is directionally positive for the company. They see upside risks to RIL’s retail revenue and EBITDA estimates on…
MUMBAI: Gold loans surged by 71% year-on-year in Dec-end, emerging as the fastest-growing segment within personal loans. Individual borrowings against FDs and shares saw a year-on-year increase of 19% and 22%, in Dec 2024.According to data on sectoral deployment of bank credit released by RBI, gold loan portfolio of banks rose to Rs 1.7 lakh…
NEW DELHI: The tax relief measures unveiled in the 2025-26 Budget are likely to increase deposit inflow in banks and several scenarios worked out by the department of financial services (DFS) estimated it to be in the range of Rs 42,000-45,000 crore, a top official said on Monday.M Nagaraju, secretary DFS, told reporters that the…
A salaried individual with Rs 13.7 lakh yearly income can achieve tax savings of approximately Rs 96,000 through NPS contributions. Latest income tax slabs 2025-26 after Budget 2025: Zero income tax on Rs 13.7 lakh salary? Don’t rub your eyes! Finance Minister Nirmala Sitharaman in her Budget 2025 speech announced that there will be NIL…
One of the major amendments proposed in the current budget is the change in the tax rates and slabs under the Concessional Tax Regime. By Surabhi MarwahBudget 2025 income tax: The Finance Minister in her budget speech stated that taxation reforms were one of the key reforms to realise the vision of “Viksit Bharat”. The…
Nifty maintains positive momentum but faces resistance at 23,500-23,600 levels. (AI image) Stock market today: BSE Sensex and Nifty50, the Indian equity benchmark indices, tanked in trade on Monday morning. While BSE Sensex went below 77,000, Nifty50 was near 23,250. At 9:16 AM, BSE Sensex was trading at 76,843.16, down 663 points or 0.86%. Nifty50…
Top stocks to buy (AI image) Stock market recommendations: According to Motilal Oswal Financial Services Ltd, the top stock picks for the week (starting February 3, 2025) are ICICI Bank and JK Cement. Let’s take a look: Stock Name CMP (Rs) Target (Rs) Upside (%) ICICI 1255 1550 24% JK Cemet 4747 5630 19% ICICITarget…
MUMBAI: The Budget has created space for RBI to cut interest rates by maintaining fiscal consolidation and lowering govt borrowing. Measures to reduce tax deduction at source could also boost bank deposits, making rate transmission easier.RBI governor Sanjay Malhotra will chair his first monetary policy committee (MPC) meeting this week. It will also be the…
MUMBAI: Availability of credit for taxes paid on inputs – be it goods, such as raw material, or services for setting off against Goods and Services Tax (GST) liability plays an important role in the GST arena. Input tax credit (ITC) helps reduce the tax outgo for the GST payer.A retrospective amendment, which comes into…
