Ace investor and Chief Executive Officer (CEO) of Capitalmind Asset Management, Deepak Shenoy, said that the new taxation rules for the Sovereign Gold Bonds (SGBs) are negative for the new bond market investors who are looking to buy the asset class from the secondary market. Union Finance Minister Nirmala Sitharaman, in Sunday’s Budget 2026 speech,…
Budget 2026 STT announcement: The Income Tax Department on Sunday clarified about the new STT rules on F&O announced by Finance Minister Nirmala Sitharaman in Budget 2026. Presenting her ninth consecutive Budget on Sunday, 1 February, FM Nirmala Sitharaman proposed to hike the Securities Transaction Tax (STT) on futures and options (F&O) trading. “I propose…
stock market today: The Indian stock market saw a sharp intraday sell-off in a special trading session on Sunday, February 1, following the Finance Minister’s ninth straight Budget presentation, which outlined steps to boost economic growth while adhering to fiscal discipline. The Sensex plunged over 2,800 points from the day’s peak, while the Nifty 50…
The Organization of the Petroleum Exporting Countries (OPEC) declared on Sunday its decision to maintain consistent crude oil output levels through March — the final phase of a three-month supply halt—despite prices reaching a four-month peak due to potential US military action against Iran. Eight major participants, spearheaded by Saudi Arabia and Russia, reconfirmed the…
India’s benchmark stock indices slumped about 3% intraday, as finance minister Nirmala Sitharaman’s decision to raise securities transaction tax (STT) on futures and options (F&O) trades spooked investors. Higher-than-expected government borrowings for the next financial year starting 1 April also worried investors, as the move could spike interest costs for businesses and make sovereign debt…
Silver rate today: Silver prices on Multi Commodity Exchange (MCX) have witnessed an extreme downfall in the past three sessions, as white metal has crashed over. ₹1,50,000 from the record high level of ₹4,20,000. In a special session on Sunday, February 1, the white metal plunged over 9% lower circuit, with the March contract plunging….
Finance Minister (FM) Nirmala Sitharaman presented her ninth consecutive budget on February 1, keeping the government’s focus on structural, long-term growth rather than boosting near-term market sentiment. Experts point out that the Budget 2026 hints at the government’s clear awareness of geopolitical risks and India’s trade dynamics with the US. The FM announced measures to…
Discount brokers primarily provide the execution platform for placing trades, generally at a flat fee per order. This fee is currently ₹20 per order at leading discount brokers such as Angel One Ltd, Billionbrains Garage Ventures Ltd (Groww) and Zerodha. They depend more on brokerage income from futures and options (F&O) than full-service brokerages such…
Nifty Prediction for Tomorrow 2 Feb: The proposal to increase the Securities Transaction Tax (STT) on derivatives in Budget 2026 shook the stock market. Strong selling was seen in the Indian stock market in the special trading session held on Sunday, February 1, the day of the budget. After Finance Minister Nirmala Sitharaman’s budget speech…
IPOs next week: for the week starting February 2 is expected to remain quiet on the mainboard side, as no large IPOs are slated to open for subscription. Activity will instead be centered around the SME segment, where three companies — Grover Jewells, NFP Sampoorna Foods and Biopol Chemicals — are preparing to launch their…
