Introduction The Indian stock market saw an exhilarating day as both the Nifty 50 and Sensex reached fresh record highs. Investors witnessed the Nifty 50 hitting an all-time high of 24,592.20, while the Sensex peaked at 80,893.51 during intraday trade. Let’s dive into what drove the markets to these new heights today. The Performance of…
Introduction Tata Consultancy Services (TCS), one of the leading global IT services companies, reported a strong financial performance for the first quarter of FY25. On July 11, 2024, TCS announced a 9% year-on-year (YoY) rise in its net profit, marking a healthy start to the new financial year. This report delves into the key highlights…
Introduction As the Union Budget 2024 approaches, savvy investors are keenly observing sectors poised for growth. We focus on three critical areas: defence, railway infrastructure, and fertiliser stocks. These sectors are expected to benefit from policy support and increased government expenditure, making them attractive investment opportunities. Defence Sector: Bolstering National Security and Growth Government Commitment…
Introduction As Budget 2024 approaches, expectations are high for significant reforms in retirement planning. Experts suggest innovative measures such as a ‘Retirement Savings Credit’ for low-income individuals, increasing the NPS withdrawal limit to 80%, and introducing inflation-indexed bonds for retirees. This article delves into these expectations and their potential impact on India’s retirement landscape. Raise…
Introduction The mutual fund industry in India has been witnessing significant growth, with equity mutual funds showing a notable increase in inflows. As reported by the Association of Mutual Funds in India (AMFI), inflows into equity mutual funds rose 17% to ₹40,608 crore in June 2024, up from ₹34,697 crore in May 2024. This surge…
