Decoding Major Deductions Under Old Tax Regime
As per the data, more than 2 crore taxpayers in the age group of 18 to 35 years filed their Income Tax Returns (ITRs) in FY 2022-23. In the Budget 2023, the Central Government announced that annual income of up to Rs. 7 lakhs would be tax-free under the New Tax Regime. This is along with the standard deduction of Rs. 50,000/- under the New Regime, which will make income up to Rs. 7.5...
Market Morning Notes For 20th April 2023
The market movement remained range bound on Wednesday but Nifty managed to sustain above 50 & 200 DMA despite selling pressure at higher levels. Markets are in pause mode currently before the upswing resumes towards 19500. We expect the bias to remain positive while India VIX may drift to 9 levels first and thereafter Nifty 50 catches positive momentum. Dollex 30 ie Sensex in...
How to use the Fintoo Chatbot for stocks?
We all know that the share market is one of the few investment options that can provide inflation-adjusted returns in the long run. But in order to create wealth, you need to be able to have an answer to the question, In which stock should you invest your money? And for that, you need some exposure to equity market investments. As thousands of stocks are listed on the Stock Exchange,...
Market Morning Notes For 19th April 2023
Markets activity remained range bound with Nifty opening higher and ending with marginal losses while midcap and the small-cap index ended in the green. Nifty is currently trading in a major breakout zone and hence has been sustaining above 50 DMA and 200 DMA convincingly. The lower reading in India VIX suggests a big upswing is likely in the coming days with a potential upside beyond 18000...
Weekly Market Report From 10th to 14th Apr 2023
Nifty surpasses resistance; IT stocks to play spoilsport Markets extended gains for the third consecutive week on continued support from global markets and FIIs inflows. The Nifty surpassed the important barrier of 17,800. The Nifty IT index fell and dragged the benchmark index and results from heavyweights TCS and Infosys were below expected. Globally, poor retail sales data in the U.S....
Market Morning Notes For 12th April 2023
Markets extended gains on Tuesday after a sharp surge in Bank Nifty which helped Nifty to close above 17700 levels. Markets have clearly entered into a breakout zone with upside projection seen a further 9% in the coming days. The intermediate high of 17799.95 is likely to be taken out in today’s trading session above which, we may see the next round of short covering. The breakout in Dollex...
Missed The Financial Deadlines? Here’s What You Can Do Next?
With so many deadlines to keep track of, it’s easy to miss one or two. If you’re an investor or taxpayer who’s missed the March 31st deadline, don’t worry, you’re not alone. However, missing a deadline can have serious consequences, especially when it comes to financial matters. So, what should you do if you’ve missed the deadline? In this blog,...
Weekly Market Report From 03rd to 07th Apr 2023
Market gains as RBI holds rates; Quarterly results will be in focus this week Markets gained in a holiday-shortened week in spite of global market volatility as an unchanged stance by the RBI in its monetary policy meeting aided the sentiments. The global stock market witnessed volatility on evidence of a cooling economy which accentuated worries that the Federal Reserve’s campaign...
Market Morning Notes For 06th April 2023
Markets posted smart gains on Wednesday where Nifty and Sensex rallied by nearly a percent while Midcap Indices ended in the red. After yesterday’s gains, Nifty has cemented its position above 50 & 200 DMA, thus providing more comfort to the bulls. With Nifty 50 surpassing the 17500 level, we expect short covering to force Nifty towards 18652 in the next few days. RBI keeps repo rates...