Latest Stock Market News

JK Cement Ltd. key Products/Revenue Segments include Cement and Other Operating Revenue for the year ending 31-Mar-2024.

The market saw marginal decreases as the government proposed increasing the securities transaction tax on futures & options. Indian Hotels, JSW Steel, and BPCL were in focus. Expert advice recommends buying Indian Hotels and BPCL while avoiding JSW Steel at the moment.

Hindustan Unilever Ltd., incorporated in the year 1933, is a Large Cap company (having a market cap of Rs 649979.18 Crore) operating in FMCG sector.

U.S. crude inventories fell for four weeks ending July 19, pushing Brent to $81.47 and WTI to $77.38. API confirmed declines; official data pending. Prices previously hit a six-week low due to Israel-Hamas ceasefire talks. Economic concerns in China also persist, marking the first four-week crude decrease since September 2023.

Commodity currencies weaken, yen strengthens ahead of central bank meeting. European PMI data closely watched for rate cut expectations. Market reactions to Chinese demand, surprise rate cuts, and global economic indicators drive currency fluctuations. Traders prepare for potential shifts in major currency pairs.

The government has proposed a 60% increase in STT on equity derivatives, affecting trading costs for high-frequency traders. Sebi may implement stricter measures to regulate the market. Retail traders may not be significantly impacted by the changes.

GAIN DRAIN Tax on long-term capital gains raised from 10% to 12.5%, while short-term capital gains up from 15% to 20%

The new budget shifts share buyback taxes to investors, impacting promoters, large shareholders, and exit strategies, particularly in family settlements. Tax rates on accumulated funds often exceed 23%, according to Ketan Dalal. Prime Database noted 48 firms, including tech companies, spent ₹48,079 crore on buybacks in 2023. The buyback tax started in 2013 for unlisted, extended to listed in 2019.