The Indian government is evaluating the reduction of GST rates on life and health insurance policies. Finance Minister Nirmala Sitharaman addressed this in a written reply to the Lok Sabha, highlighting that a recommendation for GST reduction if approved by the GST Council, would directly benefit policyholders by reducing the cost of insurance. The GST …
On Tuesday, December 3, 2024, the BSE Sensex hovered around the 80,800 mark, gaining 0.67%. Leading the pack were Adani Ports, SBI, and Ultratech Cement as top gainers, reflecting robust investor sentiment. December: A Historically Strong Month for Sensex Performance Since 1998 December holds a unique position in the Sensex calendar. While July records a …
The Bank Nifty index started December 2024 on a positive note, trading higher by over 1% or 550 points on December 3, 2024, reaching 52,650 by mid-morning. This gain is driven primarily by HDFC Bank, SBI, and Axis Bank, which are the top contributors to the index’s rise. But how does December typically fare for …
After a challenging October and a subdued November, the Indian stock market has entered December on a positive note. Historically, December stands out as one of the best months for equity markets in India, with the Nifty50 index delivering an average gain of 3.10% since 2002. This blog dives deep into December’s seasonality, exploring patterns …
On December 02, 2024, India’s capital markets regulator, the Securities and Exchange Board of India (SEBI), ordered the attachment of bank accounts, shares, and mutual fund holdings of Anil Ambani-owned Reliance Big Entertainment to recover dues of ₹26 crore. Anil Ambani Faces SEBI Action On November 14, SEBI had ordered RBEP Entertainment (formerly Reliance Big …
In order to streamline trading schedules, the National Stock Exchange of India (NSE) has recently announced changes to the expiry days of several index derivatives contracts. The new schedule, effective from January 1, 2025, is to align expiry dates for efficiency and reduced operational complexity. This announcement follows a similar update by the Bombay Stock …
The Indian equity markets closed in 2024 on a mixed note, with a downward trend dominating December. Investors are now looking to closely monitor Dalal Street’s performance in January 2025, as several global and domestic developments are expected to influence market sentiment. Historical January Challenges for Markets Historically, January has proven to be a tough …
On December 31, 2024, the BSE Sensex and NSE Nifty 50 ended the year’s final trading day with slight losses. The indices, which initially dropped sharply due to weak global cues, managed to recover most of the day’s losses by the closing bell. The BSE Sensex, which fell to a low of 77,561 earlier in …
Planning vacations and managing finances will become simpler with a clear understanding of bank holidays in 2025. Each state in India observes specific bank holidays depending on regional festivals, in addition to three national holidays: Republic Day (January 26), Independence Day (August 15), and Gandhi Jayanti (October 2). Furthermore, banks remain closed on the second …
The Bombay Stock Exchange (BSE) earlier announced a significant revision in the expiry days for its Sensex, Bankex, and Sensex 50 index derivatives contracts, effective from tomorrow January 1, 2025. This change is part of a broader initiative to streamline trading processes and align expiry schedules more effectively with market practices. New Expiry Schedule for …
