Market Morning Notes For 9th June 2023
Markets reacted lower after RBI maintained the status quo in monetary policy which was on the expected lines. However, the markets were expecting a dovish stance in RBI commentary which was missing. The major drag for the market came from financials which cooled off 1% from the day’s high. At the current juncture, Nifty remains in a critical juncture for a launch of the major rally as the...
Top 10 Benefits Of Filing Your ITR
Filing Income Tax Returns before 31st July is an important responsibility of every taxpayer. However, many people view it as a burden and don’t file their returns or delay the process and rush to file their taxes at the last minute. This can cause unnecessary errors. And if you miss the due date, you will also be liable to pay a penalty for filing belated returns. On the other hand, filing...
Market Morning Notes For 8th June 2023
Markets carried momentum further higher on Tuesday with gains mainly coming from non-financial and Nifty Alpha Low Volatility index stocks rising more than 1%. Since March 2023, The Nifty Alpha Low Volatility Index has gained nearly 13% outperforming Nifty & Sensex with wide margin and still has further room of 13% in the coming days. With Nifty Futures taking out the major hurdle of...
Market Morning Notes For 7th June 2023
Markets witnessed volatile trade on Tuesday with Nifty drifting lower and later on recover in the last hour of trade to end in marginal positive terrain. The spread of Nifty 50-Nifty 500 Index has re-tested the support of bullish flag which may provide necessary cushion for Nifty 50 index to launch major rally towards 19285. For today’s trading session, 18750 in Nifty futures is seen as a...
IKIO Lighting Limited IPO (Subscribe)
Issue Size – 2,19,62,963 – 2,12,80,702 sharesIssue Open/Close – June 06/June 08, 2023Price Band (Rs.) 270-285Issue Size- Rs 5930-6070 mnFace Value (Rs) – 10Lot Size (shares) 52 IKIO Lighting Limited is a leading Indian manufacturer of light-emitting diode (LED) lighting solutions. The company’s unwavering commitment lies in sustainability and strives to provide low-energy LED...
Market Morning Notes For 6th June 2023
Markets gapped higher on Monday but failed to cross its recent high of 18662 as sharp surge in USDINR above 82.5 triggered renewed selling in financials at higher levels. For Nifty, the setup of rising three methods in candlestick still remains active with potential target of 19285 and we expect major short covering on move above 18662. The lower reading in India VIX around the 11...
Weekly Market Report From 29th May to 2nd June 2023
Nifty flat for the week; RBI policy in focus Benchmark indices traded flattish positive bias, but midcap and smallcap indices outperformed. Sentiments across the globe were boosted after the US Senate approved the debt-ceiling suspension till January 1, 2025, thereby, averting a default. For the week, the Nifty ended flat at 18,534 levels, up 0.2 pct while the Nifty Midcap 100 and Nifty...
Documents Required to File Your Income Tax Return (ITR)
Filing an income tax return (ITR) accurately and on time is an essential obligation for taxpayers. Just like every person’s source is income, income structure, and tax liability are different, and the documents required for filing their ITR are also different. While we obviously cannot expect everyone to know about the technical and complicated process of ITR filing, we believe that every...
Market Morning Notes For 5th June
Markets for the week ended with marginal gains and managed to cement it position above the key psychological barrier of 18500 with India VIX closing around 11% mark. With formation of rising three methods on daily candlestick, Nifty has been positioned for major gap up opening in today’s trading session with immediate target seen at 19285. The important trigger for positive momentum is likely...