Stock markets open with marginal gains, Sensex surges 67 points, Nifty above 24,860
July 30, 2024 11:55 ISTIn the early trade, the 30-share BSE Sensex climbed 67 points to 81,423.53. Meanwhile, the Nifty was also up by 25 points to 24,861.35.
In the early trade, the 30-share BSE Sensex climbed 67 points to 81,423.53. Meanwhile, the Nifty was also up by 25 points to 24,861.35.
Multiple rules are going to be changed from August 1. Let us take a look at what changes are going to be implemented.
Bank Holidays August 2024: All public and private sector banks in India will remain closed for 13 days in August, including Sundays, the second and fourth Saturdays, as well as national and regional holidays.
In the early trade, the 30-share BSE Sensex climbed 350.7 points to 81,683.42. Meanwhile, the Nifty declined was also up by 83.85 points to 24,918.70 points.
ITR filing 2024: To benefit from income tax exemptions on earnings up to Rs 10 lakh, you should opt for the old tax regime. Here’s how you can make an income of Rs 10 lakh tax-free.
In its latest public communication, the Income Tax Department has asked the taxpayers to make "correct and accurate" claims while filing the ITR.
The last date to file the Income Tax Returns for the assessment year 2024-25 and financial year 2023-24 is July 31. Once filed the ITRs will be processed and verified by the department.
The Securities Exchange Board of India (SEBI) has barred fugitive liquor baron Vijay Mallya from trading in India's securities market for three years. SEBI also froze Mallya's existing holdings, including units of mutual funds.
This initiative, supported by a collaboration with Banas Dairy and Toyohashi University of Technology, aims to establish five biogas plants in North Gujarat to enhance rural mobility and promote green energy.
The Sensex rebounded by 1,293 points, and the Nifty surged nearly 2% to a record high, ending a five-day losing streak. Heavy value buying at lower levels and a rally in blue-chip stocks, particularly Reliance Industries, drove the recovery.
Gold prices plummeted by Rs 5,000 per 10 grams following the government's budget announcement to reduce the basic customs duty on gold. This 7% drop is expected to benefit the organized jewellery sector and curb smuggling, encouraging more investments in gold.
Stock market update: Equity market benchmark indices Sensex and Nifty rebounded in early trade after staying on the back foot for the past five straight sessions, helped by value buying at lower levels and rally in blue-chips Infosys, Tata Consultancy Services and Reliance Industries.
SEBI has raised the investment limit for Basic Services Demat Accounts (BSDA) from Rs 2 lakh to Rs 10 lakh, effective from September 1, 2024. This move aims to lower costs for small investors.
Cash pay-out refers to arrangements for amounts being transferred out of bank accounts to beneficiaries not having a bank account.
In the early trade, the 30-share BSE Sensex fell 671 points to 79,477.83. Meanwhile, the Nifty declined 202.7 points to 24,210.80 points.
The Sensex's fourth consecutive decline, driven by profit booking in response to tax hikes announced in the budget, highlighted the cautious sentiment among investors.
The market's downturn reflects investor sentiment following the announcement of the Budget, which has been met with mixed reactions. Analysts and traders are closely monitoring the impact of the Budget’s measures on various sectors and the overall economic outlook.
Budget 2024: Finance Minister Nirmala Sitharaman has introduced changes in the new tax regime. Following these changes, taxpayers will need to evaluate whether the old or new tax regime is more beneficial for them. Let us know which will be beneficial for you based on your income.
HR, Ed-tech industry experts termed the Budget for 2024-25 presented by Finance Minister Nirmala Sitharaman as forward-thinking which aligns with the vision of a 'Viksit Bharat'.
Senior BJP leaders, including Union ministers Amit Shah, Rajnath Singh and JP Nadda, heaped praise on the budget, lauding its vision and focus on all-round and inclusive development.
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