Category: Business & Economy

On Thursday, at around 10:39 AM, fertilizer stocks were doing really well. Paradeep Phosphates Ltd. saw a big jump of 4.50%, and Deepak Fertilisers & Petrochemicals was also up by 4.26%. Other companies like Rashtriya Chemicals & Fertilizers and Zuari Agro Chemicals rose by 3.57% and 3.29%, respectively.

Several other fertilizer stocks like Southern Petrochemicals, National Fertilizers, and Mangalore Chemicals went up too, showing good gains throughout the morning. However, Sikko Industries Ltd. was not doing well at all, dropping 15.60%.

In the broader market, the NSE Nifty50 index was up by 156.41 points, sitting at 23,201.65, while the BSE Sensex went up by 500.44 points to reach 76,671.52. Many big companies like Tata Steel, Bajaj Finance, and Cipla also performed well.

On the downside, a few companies such as Adani Enterprises and Infosys faced losses, trailing behind the positive trend.

New Delhi: The Nifty Pharma index had a rough day on Wednesday. Some companies did well, like Gland Pharma (up 1.86%), J B Chemicals (up 0.81%), Dr. Reddy’s Laboratories (up 0.51%), Divi’s Laboratories (up 0.39%), and Alkem Laboratories (up 0.11%). Sadly, others like Glenmark Pharmaceuticals (down 3.23%), Granules India (down 2.56%), Lupin (down 2.06%), Natco Pharma (down 1.91%), and Biocon (down 1.68%) lost value. In total, the Nifty Pharma index dropped by 0.51% to close at 21,142.05. The main NSE Nifty50 index also fell, down 26.55 points at 23,045.25, and the BSE Sensex decreased by 122.52 points at 76,171.08. Out of the 50 stocks on the Nifty index, 26 went up while 24 went down.

Some companies like Vodafone Idea, Zomato, YES Bank, Suzlon Energy, and SAIL saw lots of trades today. On the bright side, Vimta Labs, Mahamaya Steel, Norben Tea, Aarvee Denims, and Dr. Agarwals Health hit new 52-week highs. However, DB Corp., Generic Engineering, Gensol Engineering, Prince Pipes, and Delta Manufacturing reached new 52-week lows.

NEW DELHI: Mining stocks had a tough day on Wednesday. Some companies did well, like Pokarna Ltd. (up 3.56%), NMDC Ltd. (up 2.30%), and MOIL Ltd. (up 2.13%). Others like Coal India Ltd. and KIOCL Ltd. saw slight increases too. But a few companies struggled. Oriental Trimex Ltd. dropped the most, down 5.49%, followed by Ashapura Minechem Ltd. (down 4.09%) and Aro Granite Industries Ltd. (down 2.03%).

In the stock market, the NSE Nifty50 index went down by 26.55 points to 23045.25, while the BSE Sensex fell by 122.52 points to 76171.08.

Some companies in the Nifty pack saw gains, including Bajaj Finserv Ltd. (up 2.52%) and SBI Life Insurance (up 2.34%). Others, like Mahindra & Mahindra Ltd., faced losses, down 3.2%, followed by Eicher Motors Ltd. (down 2.48%) and ITC Ltd. (down 2.01%).

On February 1, 2025, India’s Finance Minister Nirmala Sitharaman announced some big changes in the budget for the year 2025-26 that will help many taxpayers. Here are the key points:

No Tax for Low Earners: People who earn up to ₹12 lakh a year will not have to pay any tax.

New Tax Rates: The government made the tax rates simpler for everyone:
– Those earning ₹0-4 lakh will pay no tax.
– Those earning ₹4-8 lakh will pay 5% tax.
– If you earn ₹8-12 lakh, you pay 10% tax.
– You will pay more as your income increases:
– 15% for ₹12-16 lakh
– 20% for ₹16-20 lakh
– 25% for ₹20-24 lakh
– 30% for over ₹24 lakh

Tax Rebate Increase: The rebate for those using the new tax rules has gone up from ₹25,000 to ₹60,000, but this change does not apply to NRIs (Non-Resident Indians).

Two Houses Allowed: Taxpayers can now call two houses as ‘self-occupied’ for tax purposes, even if they don’t live in both.

Higher TCS Limit: The amount of money received from overseas remittances that requires Tax Collected at Source (TCS) has risen from ₹7 lakh to ₹10 lakh.

Educational Remittances: If you send money for education using a loan from a bank, TCS will not apply. Earlier, TCS was charged on amounts over ₹7 lakh.

Easier Tax Returns: Taxpayers can now update their tax returns within 48 months instead of 24 months, although they will still need to pay extra tax and interest.

NPS Contribution for Minors: Tax deductions for contributions to the National Pension Scheme (NPS) have been extended to include contributions for minors under the NPS Vatsalya scheme.

TDS Changes:
– For senior citizens, the limit for Tax Deducted at Source (TDS) on interest income has increased from ₹50,000 to ₹1 lakh.
– For others, it went from ₹40,000 to ₹50,000.
– The TDS limit on rent paid by companies has changed from ₹2.4 lakh per year to ₹50,000 per month.
– The TDS limit on dividends and mutual funds has increased from ₹5,000 to ₹10,000.

This budget is expected to help boost the economy and benefit many citizens.

NEW DELHI: FMCG (Fast-Moving Consumer Goods) shares took a hit in Monday’s trading. Some stocks did well, including Tasty Bite Eatables (up 1.93%), Euro India Fresh Foods (up 1.71%), and Hindustan Foods (up 1.21%). Other companies like Britannia Industries, Tata Consumer Products, and Emami also saw small gains.

Unfortunately, not all companies fared as well. Nakoda Group of Industries dropped significantly by 8.87%, followed by Dodla Dairy with a 4.57% decrease. Sheetal Cool Products went down by 4.25% and Mrs. Bectors Food Specialities dropped by 3.55%. Other losers included Bikaji Foods, Adani Wilmar, and Hatsun Agro Products.

In broader markets, the NSE Nifty50 index fell by 178.36 points, finishing at 23,381.6, while the BSE Sensex went down by 548.39 points, closing at 77,311.8.

On a brighter note, some companies in the Nifty pack performed well. Kotak Mahindra Bank rose by 1.61%, and Bharti Airtel increased by 0.98%. Britannia Industries and Tata Consumer Products also gained some ground.

However, there were significant drops in some big names as well. Trent Ltd. fell by 4.73%, Power Grid Corporation went down by 3.4%, and Tata Steel lost 3.09%. Other big corporations like Titan Company and ONGC also saw declines.

NEW DELHI: In Monday’s stock market, some companies had a lot of shares traded. Here are the top ones:

– Vodafone Idea: 26.22 crore shares
– YES Bank: 7.05 crore shares
– Zomato: 3.86 crore shares
– Redington: 3.43 crore shares
– Suzlon Energy: 3.12 crore shares
– GTL Infra: 2.96 crore shares
– Vakrangee: 2.85 crore shares
– MTNL: 2.79 crore shares
– Tata Steel: 2.61 crore shares
– Reliance Power: 2.35 crore shares

But the market overall wasn’t good. The NSE Nifty index fell by 178.36 points, closing at 23,381.6. The BSE Sensex dropped by 548.39 points, ending at 77,311.8.

Some companies lost a lot of value, too. The biggest losers were:

– Trent Ltd.: down 4.73%
– Power Grid Corporation of India Ltd.: down 3.40%
– Tata Steel Ltd.: down 3.09%
– Titan Company Ltd.: down 2.85%
– Oil And Natural Gas Corporation Ltd.: down 2.60%

NEW DELHI:
At 11:15 AM on Monday, many stocks were being traded a lot on the National Stock Exchange. The top ten most traded stocks included:

– Quadrant Tele: 1.53 crore shares
– Vodafone Idea: 1.24 crore shares
– Sunshine Capital: 0.89 crore shares
– Srestha Finvest: 0.83 crore shares
– Earum Pharmaceutical: 0.80 crore shares
– Alstone Textiles: 0.55 crore shares
– Reliance Comm: 0.49 crore shares
– Thinkink Picturez: 0.47 crore shares
– Kansal Fibres: 0.43 crore shares
– G G Engineering: 0.38 crore shares

The NSE Nifty index was down by 170.41 points, sitting at 23,389.55, while the BSE Sensex fell by 543.52 points, reaching 77,316.67.

In the Nifty index, some stocks were doing well:

– Britannia Industries Ltd. (up 2.25%)
– Tata Consumer Products Ltd. (up 1.37%)
– Hindustan Unilever Ltd. (up 0.90%)
– Kotak Mahindra Bank Ltd. (up 0.82%)
– Wipro Ltd. (up 0.79%)

However, some stocks saw a decline:

– Tata Steel Ltd. (down 3.31%)
– Power Grid Corporation of India Ltd. (down 3.20%)
– Trent Ltd. (down 2.62%)
– Oil And Natural Gas Corporation Ltd. (down 2.54%)
– JSW Steel Ltd. (down 2.52%)

Elliott Investment Management, an activist investor, has bought shares in BP, the big oil company, according to a source who talked to Reuters. This investor believes BP is undervalued and wants to help increase its share value. However, the exact amount of BP shares Elliott owns is not known.

BP is currently worth about 69 billion pounds (around $85.6 billion), which is much less than its competitor Shell, which is worth about 161 billion pounds. Recently, BP announced it plans to sell a refinery in Germany. The CEO of BP, Murray Auchincloss, is trying to cut costs by at least $2 billion by 2026. He is also taking steps to regain the trust of investors after his predecessor, Bernard Looney, left suddenly last year. Auchincloss will share his new plan with investors on February 26.

BP has also warned that its profits might drop by up to $300 million next quarter because of low refining margins and maintenance work. Other global oil companies have also reported that they are not expecting a profit increase soon. BP will share its financial results for the fourth quarter and the full year on February 11.

Elliott Investment Management is known for pushing companies to change and has around $70 billion in assets. They have recently suggested breaking up Honeywell and built a stake in Anglo American when it looked like it might be bought by a larger company.

On Friday, President Donald Trump announced that Nippon Steel might not buy U.S. Steel as planned, but instead, the Japanese company could invest in it. During a news conference with Japanese Prime Minister Shigeru Ishiba, Trump mistakenly called Nippon Steel “Nissan,” which is actually a car company.

This news is important because both Trump and former President Joe Biden want to stop the merger between Nippon Steel and U.S. Steel. Trump shared that Nippon Steel has exciting plans for U.S. Steel and will look into investing in it instead of buying it. The exact details of this investment aren’t clear yet, but Trump mentioned he will meet with Nippon Steel’s leader soon to help mediate the situation.

Prime Minister Ishiba said that this investment would be good for both Japan and the U.S. He added that Japanese technology would be shared with U.S. Steel mills. Back in December 2023, Nippon Steel offered around $15 billion to buy U.S. Steel, which became a hot topic in the 2024 presidential election, especially since U.S. Steel is a big deal in Pennsylvania.

Biden and the United Steelworkers union wanted to block this merger. In December, a U.S. government group, known as CFIUS, looked at the possible national security risks related to this deal but couldn’t agree on it. The Biden administration then gave Nippon Steel more time to pull out of the deal, leaving Trump to decide what to do next.

On Friday, sugar company stocks fell. Balrampur Chini Mills saw its shares drop by 4.49%. Other companies like Mawana Sugars (down 3.40%), Magadh Sugar & Energy (down 3.38%), and Vishwaraj Sugar Industries (down 2.56%) also lost value.

The stock market overall was not great either. The NSE Nifty50 index dropped by 43.4 points, ending at 23,559.95. The BSE Sensex, which is another important market index, decreased by 197.97 points, closing at 77,860.19.

However, some companies did well. Tata Steel’s shares went up by 4.36%. Other gainers included Bharti Airtel (up 3.52%), JSW Steel (up 3.42%), and Trent Ltd. (up 3.36%).

On the flip side, some well-known companies like Oil And Natural Gas Corporation saw a drop of 2.84%, while ITC fell by 2.33%. State Bank of India also lost 2.01% of its value.