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Meanwhile, Prudent Corporate Advisory, TD Power Systems, Aarti Drugs, Valiant Organics, TTK Healthcare Ltd, Anupam Rasayan and Krsnaa Diagnostics registered double-digit weekly gains.

The Union Budget focussed on the right thing by giving more money in the hands of lower income groups and focussing on infrastructure spending rather than giving freebies.

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At this point in time, Nifty is still holding on to the support of the lower end of a falling channel. This channel holds importance because the index is trading inside this falling channel since it made an all-time high.

ET Markets has identified top-performing debt mutual funds delivering over 10% returns in the last 3 years. These funds invest in bonds and other money market instruments, which generate steady income in the form of dividends.

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Crude oil prices declined in early Asian trade on reports that the US is likely to defer restocking of its strategic reserves despite current low prices. Global oil benchmark Brent crude slipped 0.16 per cent to USD 75.79 per barrel.

On Friday, the Lok Sabha passed the Finance Bill 2023 with some amendments. According to the Bill, mutual funds having less than 35% assets under management in domestic equity will lose the indexation benefit and the returns will be taxed as short-term capital gains according to the tax slab of the individual.

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Wealth managers said investors will now increasingly consider fixed deposits and other debt instruments that have been offering better rates than several debt mutual funds.

F&O trade gets costlier; volumes likely to be hit

Updated at : 2023-03-25 10:20:04

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"Increase in STT could impact the volumes in the F&O (futures and options) segment, especially from those high-frequency trades, jobbers, and hedgers who actively trade at a small tick price," said B Gopkumar, MD & CEO of Axis Securities. "Low volumes could likely increase the impact cost."

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