In my articles published in January 2024 and June 2024, I highlighted the importance of investors exercising caution in the capital goods sector. Since then it peaked and has been on a downward trajectory for six out of the last seven months, with just one flat month in between. The rationale remains unchanged – valuations…
READ MOREIndian markets ended flat in a special trading session for Budget on Saturday as investors saw little coming in from the Finance Minister Nirmala Sitharaman. The benchmark Nifty slipped by a marginal 26 points at 23,318, while Sensex eked out a 5-point gain. Analysts say the underlying trend of Nifty remains positive and the market…
READ MOREAs India gears up for its FY26 Union Budget on February 1, Zerodha co-founder and CEO Nithin Kamath urged traders to exercise caution ahead of the Budget announcement on Saturday, warning of heightened market volatility. Kamath, in a post on X, formerly known as Twitter, advised traders to reduce their position sizes if they cannot…
READ MOREThe strong equity performance for the past few years has resulted in greater equity investments by retail investors, improved investor sentiment, deeper penetration of mutual funds and SIPs, outperformance by mid and smallcap stocks and funds, reinforcement of faith in the strength, vibrancy and resilience of the Indian economy, and a higher degree of confidence…
READ MOREWhile the domestic gush of liquidity has dismissed the impact of capital gains tax hike, expensive valuations and a not-so-great Q1 earnings season, foreign institutional investors (FIIs) have sold Indian stocks worth at least Rs 30,000 crore since Budget. In the last 17 trading days since Budget was presented on July 23, Sensex is weaker…
READ MOREThe increase in capital gains tax in the Union Budget makes it tougher for PMS fund managers, who handle money for rich investors, to beat the good old mutual funds. While MFs themselves are not taxed when they churn portfolios, crorepati clients of PMS schemes are taxed, which can lead to inferior post-tax returns. With…
READ MOREThe Budget week has not sparked any significant excitement in the market as the government measures were both populist and prudent. The increase in short- and long-term capital gains taxes added to the volatility. During the week, as many as 132 smallcap stocks delivered double digit weekly returns with eight of them offering over 25%…
READ MOREThe foreign portfolio investor (FPI) community, which is set to play a major role in positioning India as the third largest economy in the world, has pumped in nearly 52,910 crore in equity and debt this month (till July 26). FPIs were consistent buyers as the Union Budget 2024-2025 focused on fostering a stable and…
READ MOREMumbai: ITC shares crossed the ₹500 mark for the first time on Wednesday after the budget left tobacco taxation unchanged. Analysts recommend buying the stock on any dip for a short-term return of up to 15%. After the budget, global brokerage Jefferies upgraded the stock from hold to buy and raised the target price to…
READ MOREOn events such as budget day, the market is prone to kneejerk reactions. So, as soon as the finance minister announced higher short-term and long-term capital gains taxes on financial instruments, the stock market tanked. Of course, it recovered towards the close as sanity set in. And what’s that sanity? In my view, it is…
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