1/24/2024 0 Comments Guide to indian stock market![]() On intraday stocks for today, stock market experts - Sumeet Bagadia, Executive Director at Choice Broking Ganesh Dongre, Senior Manager - Technical Research at Anand Rathi and Mitesh Karwa, Research Analyst at Bonanza Portfolio - recommended six stocks to buy or sell today. Major Put open interest addition was seen at 4450 strikes which added 215266 contracts respectively." Major Call open interest addition was seen at 44900 strike which added 68673 contracts," adding, "Major total Put open interest was seen at 4450 strikes with total open interest of 235744 contracts respectively. On Bank Nifty Call Put Option data, Chinmay Barve of Profitmart Securities said, "Major total Call open interest was seen at 4470 strikes with total open interest of 136903 contracts respectively. Major Put open interest addition was seen at 2010 strikes which added 209657 contracts respectively in open interest." Major Call open interest addition was seen at 20200 strike which added 100019 contracts in open interest," adding, "Major total Put open interest was seen at 2000 strikes with total open interest of 342009 contracts respectively. Speaking on Nifty Call Put Option data, Chinmay Barve, Head of Technical and Derivative Research at Profitmart Securities said, "Major total Call open interest was seen at 2020 strikes with total open interest of 267333 contracts respectively. Market will also react to US GDP data released late night on Wednesday." However, several important events including India GDP, monthly F&O expiry, state election exit polls and OPEC+ meeting on Thursday could induce some volatility over the last 2 days. Speaking on outlook for stock market today, Siddhartha Khemka of Motilal Oswal said, "We expect the market momentum to sustain over the next few days. A decisive breach above 45000 shall trigger for fresh further targets of 45800-46200 in the coming days." On outlook for Bank Nifty today, Vaishali Parekh, Vice President - Technical Research at Prabhudas Lilladher said, "Bank Nifty after a long time surged ahead with strength indicated and with a big bullish candle pattern on the daily chart has moved past the crucial hurdle of 44400 zone of the important 100 period MA to strengthen the bias. Understanding these tax rules is crucial for NRI investors to plan their investments and tax liabilities effectively.Also Read: Nifty 50 just 0.62% away from all-time high, up 5.33% in November so far ![]() Short Term Capital Gains (STCG) apply to securities held for less than one year and are taxed at 15%. Gains beyond this threshold are subject to taxation at the rate of 10%. Long Term Capital Gains (LTCG) from equity investments are exempt from tax up to a certain limit, which is currently set at Rs. NRIs must also be aware of the tax implications associated with investing in the Indian stock market. Investments in Indian stocks through NRO accounts are non-repatriable, and there are limits on repatriating funds to the foreign account. NRO Accounts: NRO accounts, on the other hand, are for managing income earned in India, such as rental income, dividends, or pension. Investments in Indian stocks made through NRE accounts are entirely repatriable, meaning the principal amount and earnings can be sent back to the NRI's foreign account without restrictions. NRE Accounts: NRIs can open NRE accounts to hold and manage foreign earnings that they want to repatriate to India. ![]() These accounts serve different purposes and have distinct tax implications. ![]() NRIs are classified into two categories concerning investments: Non-Resident External (NRE) and Non-Resident Ordinary (NRO) accounts. These regulations are designed to safeguard the interests of both NRIs and the Indian economy. The RBI plays a pivotal role in regulating NRI investments in the Indian stock market. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |