Strong deal momentum to keep Street hooked on to Persistent
ET Intelligence Group: The stock of Persistent Systems, a mid-tier IT services company, has gained 10% since its second-quarter result announcement last Tuesday, taking the three-month return to 20%. The stock has remained buoyant following the company’s strong business momentum in the September quarter, even as the broader market has shown weakness. The key business…
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Stocks to buy or sell today: SBI, Maruti among top 10 trading ideas for 22 October 2024
The Indian market is expected to trade higher on Tuesday tracking positive global cues. The Nifty future closed negative with losses of 0.77% at 24757 levels on Monday. On the options front, the maximum Call OI is placed at 25000 and then towards 25500 strikes while the maximum Put OI is placed at 24000 and…
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capital gains: Capital gains intact, so what if theyβre taxed a bit higher?
On 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 whatβs that sanity? In my view, it is…
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