Best Tax Saving Investment Options Other Than Section 80C
When it comes to saving taxes, most taxpayers are already aware of the common deductions available under Section 80C of the Income Tax Act, such as ELSS, PPF, NPS, Home Loan Interest, or HRA. But apart from these, there are several lesser-known tax saving options that can further maximize your savings by reducing your tax liability. In this blog, we will discuss top tax saving...
Market Morning Notes For 15th June 2023
Markets extended gains on Wednesday but failed to clear recent high of 18777 and formed a small doji star on candlestick signifying indecisiveness. The US Fed kept rates unchanged which has provided some short-term relief for the global markets but hawkish stance in commentary may limit significant upside for markets in the short-term. For Nifty, we can expect current rally to extend towards...
Top 5 Thumb Rules of Investing
Having too many options can often create confusion. The same goes for investments. With so many investment options and strategies, it can be difficult to understand which is the right approach for you. While there are dozens of thumb rules for investing, let us go through the common top 5 thumb rules of investing. What is a Thumb Rule? It is an idea or principle that guides you...
Market Morning Notes For 14th June 2023
Markets gapped up above 18720 in Nifty futures and managed to reinforce breakout from consolidation zone. The immediate target from hereon is expected around 19194 in Nifty future which may be followed with sharp profit booking. With U.S Fed meet lined up today evening, we expect markets to take positive cues if interest rates hikes are paused and on a dovish commentary. Key US data- FOMC...
Market Morning Notes For 13th June 2023
Markets activity remained range bound on Monday as Nifty futures failed to cross 18720 despite trading with positive bias throughout the day. We expect major bullishness to reinforce on a move above 18720 with immediate target of 19000. The lower reading of India VIX of around 11% mark suggests excessive put writing in system which may also act as key catalyst for Nifty journey towards 19500...
Weekly Market Report From 5th to 9th June 2023
Nifty ends flat, RBI policy outcome as expected; Fed Meet in focus. Markets remained range bound, and the Nifty ended almost flat during the week helped by firm global trends and positive news flow on the domestic macro front. The Reserve Bank of India’s Monetary Policy Committee’s decision on June 8 to hold policy rates was pretty much along expected lines and the overall...
Market Morning Notes For 12th June 2023
Markets for the week ended with marginal gains after Nifty failed to cross the key hurdle of 18800 after RBI opted for a cautious approach by refraining from a significant cut in inflation expectation. In the coming week, the global markets may have to battle out Fed meeting where a rate hike pause is already priced in but Fed commentary would be crucial for future policy stance. For...
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...