Latest Stock Market News

According to the amendment to the Finance Bill, income from investments in debt mutual funds where not more than 35% is invested in equity will attract short-term capital gains, while no benefit of indexation for the calculation of long-term capital gains will be available

While diversification across asset classes is critical, it is also important to diversify within an asset class. As an example, if an investor invests directly in stocks, it is prudent for them to diversify across multiple stocks of different sectors and sizes so as to avoid concentration risk to their entire investment corpus in case certain stocks fail to deliver

Steel bars and wires manufacturer Maiden Forgings opened for IPO on March 23 to raise Rs 23.84 crore. The IPO will close on March 27. The new issue consists of 37,84,000 equity shares worth Rs 10 apiece, with a ceiling on the issue price between Rs 60 and Rs 63

For more such web stories click on the ET icon below

The regulators in USA and Europe have also acted promptly to address the issues in the stress banks and limit the contagion.Tactically, there are signs of over-pessimism and is reflected in some data points like FII net long position going down to below 8% lately as against net long of 70-75% in November 2022.Hence, the benchmark indices have held onto around the 17,000 level as of now.

The rates were steeply increased; Fed hiked by 475 bps in just 12 months, a historic jumbo. The banking sector had to pay the price of the monetary maven.It took a toll on the system; SVB, Silvergate Capital, First Republic, Signature Bank, and Credit Suisse had to be bailed out

​The unexpected hike in the securities transaction tax on futures and options and tax amendments in debt funds further turned the sentiment sour.The overall outlook for the market remains weak as investors gradually digest the domestic news while also keeping a tab on developments on the global front

In separate appearances, three regional Fed bank presidents said that their confidence that the banking system was not facing a liquidity crisis is what led to the decision to implement a 25 basis point policy rate hike on Wednesday.

The shares were sold at an average price of Rs 762.55 per piece, taking the transaction value to Rs 105.41 crore.

The Nifty Financial Services index is inside the weakening quadrant. However, some improvement is seen in its relative momentum. Besides this, Bank Nifty and PSU Bank indices are seen moving inside the weakening quadrant as well. The Nifty Metal, Media, Services Sector, Commodities, and Energy groups are inside the lagging quadrant. These groups are likely to relatively underperform the broader markets.