GAGA Share Market News

[hfe_template id='11223'] [ad_1] India’s Union Budget has historically been a favourable occasion for ITC shares, with the cigarettes-to-hotels conglomerate's stock closing higher on nine of the last ten Budget days, averaging a 1.86% gain since 2017. However, traders remain cautious this year, given speculation that Finance Minister Nirmala Sitharaman may raise excise duties on cigarettes for the first time in three years. India had two Budgets in both 2019 and 2024 due to general elections, with interim Budgets in February followed by full-fledged Budgets later in the year. The ITC stock surged 4.51% on Budget day in 2017, followed by gains of 1.51% in 2018, 0.74% in February 2019, and 0.63% in July 2019, when the newly elected government presented its full-year Budget. The only exception to this trend came in 2020, when the stock plunged 6.97% after an unexpected increase in National Calamity Contingent Duty (NCCD) on cigarettes. However, the stock rebounded in su...

[hfe_template id='11223'] [ad_1] The Indian stock market will remain open for a special trading session on Saturday, February 1, 2025, as Finance Minister Nirmala Sitharaman presents the Union Budget 2025-26. The National Stock Exchange (NSE) and the BSE confirmed in a circular issued Monday that trading will take place as per regular market hours. Stock market timings on Budget day On Budget day, pre-market trading will begin at 9:00 AM and continue until 9:08 AM, followed by equity market trading from 9:15 AM to 3:30 PM. Commodity derivatives trading will remain open until 5:00 PM. However, despite the market operating as usual, February 1, 2025, is a Settlement Holiday, meaning trades and fund transactions from January 31 and February 1 will be settled on Monday, February 3, 2025. The T+0 settlement session will also remain suspended for the day. Why is the stock market open on Budget day? The decision to keep the market open on a Saturday aligns with past practices w...

[hfe_template id='11223'] [ad_1] Aimed at promoting ease of doing business for non-convertible securities, market regulator Securities and Exchange Board of India (Sebi) on Friday released a consultation paper seeking feedback on proposals, including alignment of provision regarding approval and authentication of financial results for entities having listed non-convertible securities with that for equity listed entities. Under the proposed norms, the quarterly financial results submitted shall be approved by the board of directors. Further, the financial results submitted to the stock exchange shall be signed by the chairperson or managing director, or a whole-time director. In the absence of all of them, it should be signed by any other director of the listed entity who is duly authorised by the board of directors to sign the financial results. Under the current regulation, listed non-convertible securities requires quarterly results to be taken on record by the board o...

[hfe_template id='11223'] [ad_1] India's Finance Minister Nirmala Sitharaman on 23rd Jul’24 presented the Union Budget 2024-25. This was the first budget of Prime Minister Narendra Modi’s third term in the government. Overall, the broad themes from the interim Budget remained unchanged. The Union budget 2024-25 focused on infrastructure, fiscal consolidation, job creation, MSMEs, women, and agricultural support. Broadly speaking, there were six key differences: 1) as expected, the GoI increased its dividend income from the financial institutions (including the RBI) by Rs 1.3 trillion in FY25. With broadly unchanged gross taxes and non-debt capital receipts, the GoI’s total receipts have been revised up by Rs 1.3 trillion. 2) About 57% of these additional resources have been used to reduce fiscal deficit (by Rs 722 billion), while the remaining 43% (Rs 547 billion) have been used to increase total spending 3) Within total spending, capital spending has been kept uncha...

[hfe_template id='11223'] [ad_1] Shares of agriculture and fertiliser stocks jumped up to 9% intraday on Tuesday after Finance Minister Nirmala Sitharaman announced Rs 1.52 lakh crore provisioning for agri and allied sectors in the Budget. In the Budget speech, Sitharaman said the government in partnership with states will promote digital public infra for agriculture. Also Read: Budget 2024 | Stock Market LIVE Updates: Sensex rises 100 pts as Budget speech begins; Nift above 22,500 While Kaveri Seeds is trading 9% higher, Dhanuka is up about 6%. Meanwhile, Coromandal Chemicals and Bio Fertilizers is trading 0.34% lower from previous close. Nova Agritech, on the other hand, rose nearly 4%. Sitharaman said the farmer and land registry will have details of 6 crore farmers and the government will also ensure Kisan credit cards in five states.Finance Minister Nirmala Sitharaman has also announced Research based setups for raising productivity and Developing climate resistant ...

[hfe_template id='11223'] [ad_1] Shares of Apex Frozen Foods, Avanti Feeds and Waterbase jumped up to 8% in the intraday trade on Tuesday after Union Finance Minister Nirmala Sitharaman announced plans for shrimp farming. Sitharaman, who was presenting her 7th Union Budget and first in Modi 3.0 government, said that the central government will encourage financing and marketing for shrimp farming via National Bank for Agriculture and Rural Development (NABARD). Apex Frozen Foods was the top gainer which jumped by over 8.2% to hit an intra-day high of Rs 271.95 on the NSE, while Avanti Feeds and Waterbase were up by over 4% and 2%, respectively. Apex Frozen Foods is an integrated producer and exporter of shelf stable quality aquaculture products. It supplies ready-to-cook products to a diversified customer base consisting of food companies, retail chains, restaurants, club stores and distributors spread across the developed markets of USA, UK and various European countries...

[hfe_template id='11223'] [ad_1] Today when I write this column, it is slightly more than a month ago when election results were announced. After the initial hiccups, the markets stabilized once the signs of a stable government at the centre became brighter. The benchmark indices –Nifty and the Sensex-- have yielded an 11.96% return in the last month. This shows that the election outcome has benefitted the market and whoever looks at the 2024 results in 2029 will think that this was the great election outcome. We were already in a secular, long-term bull market much before the elections were announced due to a variety of factors. Uncertainty ahead of the election has been overcome and people are expressing their expectations to the government about what it should do in its forthcoming budget. In my mind, the government should continue with the policies it pursued in its previous term (2019-2024) and should not go for any Big Bang or radical changes but just maintain the ...