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Here’s a list of 6 stocks that have shown a positive closing for 7 or more times out of the last 10 Budget days.

The demand is to levy a uniform 10% tax (plus applicable surcharge and cess) on equities held for more than one year and up to three years on the capital gains exceeding Rs 2 lakh in a financial year. Moreover, a full exemption from capital gains tax if held for more than three years, by suitable amendments to section 112A.

Short covering occurs when investors buy shares to offset existing short positions, indicating a shift from pessimism to optimism in market sentiment.

The Indian rupee closed nearly unchanged against the U.S. dollar, hitting an all-time low earlier in the session. Despite healthy portfolio inflows, the currency remains under pressure.

I would say that obviously allocation to defence moves up, allocation to rail moves up, because obviously it has significant impact on the rest of the economy.

Proceeds from the issue will be used towards funding working capital requirements, capital expenditure for its proposed facilities in Maharashtra and Andhra Pradesh, and general corporate purposes.

So, going forward also, we will continue to have a retail growth, retail deposits to a large extent and also a focus on the CASA.Bulk deposits or wherever the high cost deposits, we will be taking it whenever we require good assets on that.

On Monday, IDBI Bank announced a 40% year-on-year (YoY) increase in its standalone net profit to Rs 1,719 crore for the first quarter ending June 2024. In the corresponding quarter of the previous year, the net profit was Rs 1,224 crore.

As of 30-Jun-2024, promoters held 30.3 per cent stake in the company, while FIIs held 15.08 per cent and domestic institutional investors had 25.34 per cent.