The Indian government is evaluating the reduction of GST rates on life and health insurance policies. Finance Minister Nirmala Sitharaman addressed this in a written reply to the Lok Sabha, highlighting that a recommendation for GST reduction if approved by the GST Council, would directly benefit policyholders by reducing the cost of insurance. The GST …
On Tuesday, December 3, 2024, the BSE Sensex hovered around the 80,800 mark, gaining 0.67%. Leading the pack were Adani Ports, SBI, and Ultratech Cement as top gainers, reflecting robust investor sentiment. December: A Historically Strong Month for Sensex Performance Since 1998 December holds a unique position in the Sensex calendar. While July records a …
The Bank Nifty index started December 2024 on a positive note, trading higher by over 1% or 550 points on December 3, 2024, reaching 52,650 by mid-morning. This gain is driven primarily by HDFC Bank, SBI, and Axis Bank, which are the top contributors to the index’s rise. But how does December typically fare for …
After a challenging October and a subdued November, the Indian stock market has entered December on a positive note. Historically, December stands out as one of the best months for equity markets in India, with the Nifty50 index delivering an average gain of 3.10% since 2002. This blog dives deep into December’s seasonality, exploring patterns …
On December 02, 2024, India’s capital markets regulator, the Securities and Exchange Board of India (SEBI), ordered the attachment of bank accounts, shares, and mutual fund holdings of Anil Ambani-owned Reliance Big Entertainment to recover dues of ₹26 crore. Anil Ambani Faces SEBI Action On November 14, SEBI had ordered RBEP Entertainment (formerly Reliance Big …
On December 2, 2024, both the BSE Sensex and NSE Nifty50 ended the day in green. The BSE Sensex closed at 80,248.08, up by 445.29 points or 0.56%. Similarly, the Nifty50 also closed at 24,276.05, up by 144.95 points or 0.6%. Sectoral Performance On Monday, Nifty FMCG and Nifty PSU Bank ended in the red. Nifty Realty, …
In order to streamline trading schedules, the National Stock Exchange of India (NSE) has recently announced changes to the expiry days of several index derivatives contracts. The new schedule, effective from January 1, 2025, is to align expiry dates for efficiency and reduced operational complexity. This announcement follows a similar update by the Bombay Stock …
As December 2024 begins, it’s important to know the upcoming bank holidays, which include national, regional, and festive days. Banks across India will observe several holidays this month, including weekends, so it’s essential for customers to plan ahead. Key Holidays and Weekends in December In December 2024, there are 17 bank holidays, including weekends. Banks …
The Indian stock market will have only one holiday in December 2024, which will be observed on 25th December for Christmas. Apart from this, trading will remain suspended on weekends — Saturdays (7th, 14th, 21st, and 28th) and Sundays (1st, 8th, 15th, 22nd, and 29th). Therefore, the stock market will be closed in December for …
As we approach the end of 2024, one significant development in the Indian stock market that investors should keep an eye on is the impending unlocking of 235 crore shares worth a staggering $14 billion by January 31, 2025. This event is poised to have a major impact on the stock prices of several companies, …
