Month: June 2024

Asian stocks rose ahead of the RBA\’s policy decision, with expectations for the central bank to maintain rates and provide guidance on a potential easing cycle.

GameStop shares fell 11.6% after CEO Ryan Cohen hinted at operating fewer stores without detailing cash plans. Cohen aims for a more profitable business with a smaller network and value-added items.

Bank holidays in June 2024: Banks across India are closed on national holidays and state-specific holidays along with second and fourth Saturdays in the month and all Sundays. The central bank designates certain holidays under the Negotiable Instruments Act, Real-Time Gross Settlement (RTGS) holidays, and Banks\’ Closing of Accounts.

Gold Price Today: Gold and silver futures open mixed on MCX ahead of US data. MCX Gold shows potential downside with support at Rs 71,700. Neha Qureshi recommends selling MCX gold at Rs 72,200 and silver at Rs 94,000.

Apollo Hospitals Share Price: Apollo Hospitals shares surged by 3.4% during Friday\’s early trading session, reaching a peak of Rs 5,955. This uptick followed the company\’s announcement of a significant 77% year-on-year (YoY) increase in its net profit.

Fake job offers: India is such a country where millions of young people reside and many of them are searching for a job either within India or abroad. Younger people have aspirations and enthusiasm which fraudsters are using to dupe them with fake job offers. In the recent past many young Indians were taken abroad to work in scam jobs, etc.

DA hike impact: The Center\’s decision to increase its employees\’ dearness allowance by 4% to 50% has resulted in significant revisions to other allowances, including retirement gratuity, which is a great benefit for government employees.

Bank of India has revised fixed deposit interest rates for amounts below Rs 2 crore and it has introduced new special fixed deposit with higher returns. The revised rates are effective from June 1, 2024.

Unity Small Finance Bank (SFB) has revised its interest rates on fixed deposits for amounts below Rs 2 crore. The latest FD interest rates are applicable from May 1, 2024, according to the Unity Small Finance Bank website.

Deadline of income tax return filing: Under the income tax laws, different taxpayers have different due date for filing ITR. It is important to file the tax return on or before the deadline to avoid certain penal consequences. This includes payment of late filing fees, not being able to opt for old tax regime among others.

Driven by significant short-covering by Foreign Institutional Investors (FIIs), the Nifty surged approximately 3%, while the Sensex soared by a staggering 2,778 points on Monday morning, following the unexpected exit poll projections of a landslide victory for the NDA. The \”Aayega To Modi\” slogan became an investing strategy as traders enthusiastically bought Prime Minister Narendra Modi\’s favored Public Sector Undertakings (PSUs) in entirety.

Adani Group Stocks: Adani Group\’s FY24 profit surges by 55% to Rs 30,768 crore post Hindenburg crisis. Jefferies favors Adani Enterprises, Adani Ports, and Adani Energy Solutions, citing robust EBITDA growth and strategic initiatives. Adani Ports set to join Sensex on June 24.