Latest Stock Market News

In the recent budget, the government proposed to tax gains at the rate of 30 per cent but there was still some confusion on how gains and losses will be calculated. This reply clarifies one of those doubts.

“One should be avoiding inflation sensitive stocks rather than crude or anything else. When I say inflation sensitives, services is one sector which is almost immune to the inflation part. So banking as a sector as a whole and specific stocks, AMCs, the rating agencies are inflation immune. That is why services is one sector one should load up on in the portfolio.”

The Nifty IT index closed 0.75 per cent down at 35377.75.

Downsides seem to be limited at this point in time, as strong support is placed around 17,000 level in the form of 200-day simple moving average.

In less than a week since its inception on March 17, the new sensation has delivered multibagger returns to investors.

“Of the total Rs 4,300 crore proceeds, Rs 3,300 crore will be used to retire 80-85% debt. We The debt component of the company’s balance sheet will be negligible and the plan is to retire that also in a few month’s time. The company has to be debt free as early as possible other than the working capital requirements.”

Listed companies of the Kishore Biyani-led Future group on Saturday informed the exchanges about the meetings of their respective shareholders and creditors on April 20 and 21 to get their approval for the Rs 24,713-crore deal with Reliance Retail.

The exchange already has a successful contract in Castor Seed and the launch of Refined Castor Oil will enhance the castor complex in the futures segment of NCDEX.

Jubilant Pharmova announced that one of its subsidiaries received Abbreviated New Drug Application (ANDA) final approval for Doxepin Hydrochloride Capsules, the generic version of Sinequan, which is used for the treatment of anxiety, depression, and other symptoms of psychoneurosis.

While reiterating that the RBI was closely monitoring crude oil prices, Das said that over the last two years, there was a lot of analytical pressure on the central bank to reverse ultra-loose monetary policy when retail inflation rose past the comfort zone.