Nifty on Tuesday ended 238 points lower to sneak below its 50-DEMA for the first time in the last four months and form a long bear candle on the daily chart. The overall chart pattern of Nifty is weak. The next lower levels to be watched are around 21,500 in the next one week. Any rise up to 22,000 could be a sell-on-rise opportunity, Nagaraj Shetti of HDFC Securities said.

Each bull market is all about leadership, and the current bull market in India is partly led by public sector undertaking (PSU) stocks, Ramesh Damani, veteran investor and member of BSE, said during the Rising Bharat Summit in Delhi. On the recent market correction, the seasoned investor said that there's always some froth in the market and doesn’t believe that it is close to bubble territory.

SWP is mutual fund investment strategy, which is opposite to SIP. In SWP, you invest a lump sum amount in a mutual fund(s) and get a fixed income at a predecided date of the month. If your rate of withdrawal is much less than the growth rate of your corpus, not only you are most likely to get regular income lifelong but also your corpus will increase.

RBI imposed Rs 63.60 lakh penalty on DCB Bank and Rs 1.32 crore on Tamilnad Mercantile Bank, said a release from the central bank. Tamilnad Mercantile Bank was penalised as it failed to benchmark the interest rate on certain floating rate loans to MSMEs to an external benchmark lending rate and adopted multiple benchmarks within the same loan category, the RBI said.

On Tuesday, shares of The Anup Engineering Ltd gained 4.50% and made a fresh 52-week high of Rs 3,271 per share from its previous closing of Rs 3,130.60 per share. The shares of the company saw a spurt in volume by more than 4 times on BSE. The Board of Directors of the company is scheduled to be held on Wednesday, March 20, 2024, inter-alia, to consider the proposal for the issue of bonus shares.

Hedge funds are piling into  the euro zone's $10 trillion government bond market, scenting opportunities as funding needs surge and the European Central Bank retreats. The funds are buying a large share of government debt sales, providing a source of much-needed capital, traders and officials say. Yet the lightly-regulated investors often load their bets with bank debt, tying their fortune...

Chinese regulators will ban the chairman of property giant Evergrande from the securities market for life on grounds of financial fraud, a subsidiary of the company said Monday. Heavily indebted Evergrande has become a potent symbol of the years-long crisis in China's property market, a crucial pillar of growth in the world's second-largest economy.

Leading Indian steel producers, including JSW Steel Ltd and Tata Steel Ltd, are expected to invest billions in a record capacity increase to benefit from rising domestic demand in one of the world’s fastest growing economies. A spurt in economic activity and a revamp of broader infrastructure have drawn steel makers from around the world to India, where demand is rising.

The liquidity deficit in the banking system is likely to widen this week on the back of outflows on account of GST payments, experts said. This will lead to marginal uptick in yields on short-term debt instruments such as T-bills, commercial papers and CDs, among others. Liquidity in the banking system as on March 18 was pegged at a deficit of around Rs 72,918.47 crore, as per RBI data.

⏩Form 12B must be completed by a salaried individual if they join a new organisation in the middle of a year ⏩Under the old tax regime, one could claim a deduction of Rs 1.5 lakh under Section 80C and an additional deduction of Rs 50,000 for NPS contributions ⏩Section 80D allows individuals to claim tax deductions for the part of their yearly taxable income spent on premium payments

Public sector lender Bank of India on Tuesday announced a reduction in new home loan rates to 8.3 per cent from 8.45 per cent and fully waived off processing fees as a limited period offer till the end of this month. The bank claimed that at 8.3 per cent, it has the lowest rate among its peers. For SBI and HDFC Bank, which are the industry leaders, the lowest rate begins at 8.4 per cent.

Notwithstanding a slowdown in large economies such as those of US, UK and Europe, India’s economy is seen to be growing since there is a limited impact of other economies on India’s GDP/profit growth. While referring to the sectoral outlook, the report is positive on banks, capital goods and manufacturing. It is neutral on IT and rural consumption and negative on urban consumption and commodities.

A sharp sell-off in smallcaps has spooked retail investors. BSE Small cap index is down by more than 7% in March so far. If the broader index benchmark manages to close the month at current levels we will be witnessing the worst monthly performance in the past 2 years by BSE Smallcap index. In February 2022 BSE Smallcap index fell by more than 9%.

Chicagoans will vote in Tuesday's primary election on whether to increase the tax rate on real estate transfers worth over $1 million in order to raise funds for affordable housing and fighting homelessness. The ballot measure would lower property transfer taxes for the vast majority of Chicago residents, to $3 for every $500 of a transfer price under $1 million.

Popular Vehicles and Services had a subdued trading session on its debut on the bourses on March 19. The stock fell more than 6 percent due to muted IPO subscription numbers and weakness in equity markets. Popular Vehicles and Services opened lower at Rs 289.20 on the NSE (which was also its intraday high), down 2 percent compared to the issue price of Rs 295.