Latest Stock Market News

Equity markets have rallied for the past few days on the back of short-covering by FIIs and firm global trends. Going forward, stock-specific action would remain high on Dalal Street, with fourth-quarter earnings underway.

Systematic Withdrawal Plan (SWP) is a convenient way for retirees to withdraw small amounts of investments over time. Unlike taxable bank deposits, a cash flow received through SWP is not necessarily charged to tax as income. Mutual funds, including equity, debt, aggressive hybrid, defensive hybrid, and balanced advantage funds, offer SWP which allow a minimum deposit of ₹25,000 and minimum withdrawals of ₹1,000. SWP provides a cash flow at a lower income tax rate, it allows the investor to keep capital intact.

We generated 15% returns when compared to -2% from multi-cap index. This is the result of following a well-balanced diversified strategy and not running after the short term themes in the markets.

“Nifty formed a bullish candle on the daily frame with longer lower shadow indicating strong support-based buying and it has been making higher highs - higher lows from the last nine sessions,” he said.

Investing Rs 10 lakh today for ten years and earning Rs 10 crore is practically impossible. Even by investing Rs 4 lakh a month through SIP for ten years, the returns will not achieve the desired amount, with even a 12% CAGR on Nifty requiring Rs 4,35,000 monthly investments. A clear investment objective, review and rebalancing of portfolios, and investing for a long-term are crucial for building long-term wealth.

Tata Motors, incorporated in the year 1945, is a Large Cap company (having a market cap of Rs 155934.58 Crore) operating in Auto sector.

With the Urus, we already have our strategy in place in India and it is not only restricted to Urus but also the overall business. So, in India, we are focussing on three key pillars to drive our growth story. First is to expand our reach both demographic and geographically.

From the Sensex pack, Infosys and Tech Mahindra were the top losers, falling 7-11%. Wipro, HCL Tech, TCS, HDFC Bank, HDFC and NTPC also opened in the red. On the other hand, Power Grid, Nestle, IndusInd Bank, Axis Bank, UltraTech Cement and Tata Steel traded with gains.

On the daily and weekly charts, the stock has formed a promising breakout continuation formation. The texture of the chart suggests an uptrend continuation formation which is likely to continue in the near future.

Foreign portfolio investors (FPIs) continue to remain net buyers at Rs 221.85 crore on Thursday. DIIs, on the other hand, sold shares worth Rs 273 crore.