The Ministry of Finance has officially denied media reports suggesting that the government is considering imposing Goods and Services Tax (GST) on UPI transactions over ₹2,000. In a statement released on April 18, the ministry said the claims are false and not backed by any current proposal or discussion. No Proposal Under Consideration According to …
The Securities and Exchange Board of India (SEBI) has released a consultation paper proposing changes to investment limits for mutual funds in Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs). The is aimed at expanding investment scope and adjusting current regulatory caps. Existing and Proposed Limits Under the existing framework, mutual funds can …
Starting May 1, 2025, commuters in Pune, Pimpri-Chinchwad, and Baramati using ride-hailing platforms like Ola, Uber, and Rapido will see a change in their fare structure. In a major move towards fare transparency and regulation, all cabs under these platforms will begin charging fares as per state government-approved rates, similar to the fare structure followed …
On April 21, 2025, Indian stock markets rallied for the 5th straight session, fuelled by trade hopes and strong bank earnings. The BSE Sensex soared as much as 879 points intraday, touching a high of 79,432.78. At 12:40 PM, the 30-share Sensex stood at 79,604.44, up 1.34% from Thursday’s close of 78,553.20. Indian stock …
On April 21, 2025, as of 11:55 PM, the BSE Sensex was up 1.11% at 79,423.94, while the Nifty 50 was up 1.17% at 24,130.60. The mid-day top gainers and losers for the day are: Mid-Day Top Gainers Symbol Open High Low LTP %chng TECHM 1,304.00 1,371.90 1,303.00 1,370.20 4.85 INDUSINDBK 802 841.9 798.35 833.05 4.83 BAJAJFINSV 2,037.10 …
The Nifty 50 index kicked off the week with strong bullish momentum, rising 253.65 points or 1.06% at 24,105.30 on Monday, April 21. The index reclaimed the psychologically significant 24,000 mark, supported by robust gains in banking stocks and renewed interest from foreign investors. Key Drivers Behind Monday’s Rally 1. Banking Stocks Lead the Charge The Bank Nifty …
The Nifty Smallcap 100 Index witnessed a surge of 1.38% on April 21, 2025, reaching 16,636.90, up by 226.70 points as of 10:40 AM on the NSE. The Nifty Smallcap 100 serves as a key benchmark for small-cap stocks, representing approximately 5% of the free-float market capitalisation of all stocks listed on the NSE …
India’s stock market has witnessed a sharp recovery, with the Nifty gaining 1,769 points (8%) from its March 4 low of 22,082.65 to 23,851.65 as of April 17, 2025. The Sensex, too, rose 5,563 points (7.6%) during the same period, reaching 78,553.20. Despite this rally, market valuations have become increasingly stretched, sparking investor concerns. India’s …
The NSE Financial Services Index (Finnifty) is designed to reflect the behaviour and performance of the country’s financial sector. This includes banks, housing finance companies, and other financial institutions. Finnifty witnessed a robust rally in April 2025. As of April 21, 2025, the index rose by 5.26% for the month, continuing its recovery momentum after …
GIFT Nifty, an early indicator for Indian equity markets, was trading 65 points lower (-0.27%) at 23,836 as of 08:50 AM, suggesting a cautious start on Monday. In the previous session, the Sensex surged by 1,508.91 points (+1.96%) to close at 78,553.20, while the Nifty 50 gained 414.45 points (+1.77%) to settle at 23,851.65. Here …
