Latest Stock Market News

As of 31-Dec-2022, promoters held 0.0 per cent stake in the company, while FIIs held 7.22 per cent and domestic institutional investors had 2.09 per cent.

"Tax changes, even the focus on the dispute resolution adding 100 more joint commissioners is again path breaking and that would really reduce the backlog of pending cases. Generally, the focus on ease of doing business, making it easier for the taxpayers, the grievance redressal system, is hugely positive as well."

If any deduction claimed for expenditure made on purchase of sugar has been disallowed, an application can be made to the assessing officer, who will recompute the income of the relevant previous year after allowing such deduction up to the price fixed or approved by the government for such previous year.

A total of 1,661,665 shares changed hands on the counter till 02:14PM (IST)

The pan-European STOXX 600 was up 0.3% at 0814 GMT, coming off a 6.7% jump last month - its biggest gain in any January since 2015 - on hopes of better-than-expected corporate earnings and signs of economic resilience.Danish drug maker Novo Nordisk rose 2.2%, and led the gains among healthcare stocks, on strong 2023 sales growth expectations.

Apart from promoting value addition in TV manufacturing, Sitharaman took the same approach for other electronics like mobile phones by providing relief in customs duty on import of certain parts like camera lens while continuing the concessional duty on lithium-ion cells for batteries for another year.

Sitharaman gave a major boost to the consumption economy by increasing the income tax rebate for individuals from Rs 5 lakh to Rs 7 lakh in the Budget. Analysts said this will free up more funds for spending and boost consumption which will have a multiplier effect on the economy.

There are some other exemptions also, you will note in the Budget, which we have removed this year. And so, going with that trend, the new regime has been made the default regime.

“Between last September to June 2022, FIIs sold close to $30 billion worth shares and markets stood extremely firm. The impact of FIIs flows is probably going to moderate and therefore the volatility of the Indian market going forward should be lower to that extent. It should not swing too much to FIIs flows and that is a structural positive.”

Shares of EIH (Oberoi group hotels) surged over 7.7% to Rs 175, while shares of Indian Hotels rose 7.6% to Rs 323.4 on BSE. HLV and Mahindra Holidays also gained up to 5%.