One of the best gauges of equity market participation is the total collections of securities transaction tax (STT) by the government. As you are aware, STT is collected on all stock market transactions including transactions in stocks, equity futures

When the RBI presented the monetary policy on 10th February, it was amidst an interesting combination of events. On the one hand, domestic inflation was on the way up while on the other hand the US Fed was getting increasingly hawkish. In between, th

The high profile decision by the Vedanta group around 3 months back to restructure its entire business has been put off for the time being. The founder of the Vedanta group, Anil Agarwal, confirmed that the group has decided not to undertake any majo

Nifty has witnessed a sharp correction at the start of this week and it almost tested 17000 mark in the follow up selling on Tuesday. However, the indices recovered sharply from the low of 17040 and has ended tad below 17500 ahead of the weekly expir

Oil has been volatile in the last few days with a strong upward bias. Just a couple of days back, oil had scaled to an all-time high of $95/bbl in the Brent Crude market. However, after touching a 7-year high, the price of Brent has scaled back to th

In a rather surprising move, the RBI has chosen to cancel the mega bond issue that the government was planning on 11th February. The plan was to issue bonds worth Rs.22,000 crore on 11-Feb, but the government summarily announced the cancellation of t

If the latest move by the RBI is through, we could see a surge in credit card issuances in India. For a debt averse culture like India, the number of credit cards have lagged the number of debit cards but a huge margin. This is in contrast to the tre

Read here about breakout stocks, its meaning and what are the breakout stocks for today. Breakout Stocks: What are the breakout stocks for today? A breakout is a phase where stock price moves outside a consolidation with increased volum

Adani Wilmar had a weak listing on 08th February 2022 and listed on the NSE at Rs.227 against the issue price of Rs.230. Despite a weak listing, the stock did manage to bounce sharply after the listing in the morning and close with gains. At the end

The Rs.3,149.19 crore IPO of Vedant Fashions Ltd, consisting entirely of an offer for sale (OFS), was subscribed 2.57X overall at the close of bidding on 08th February 2022. The basis of allotment will be finalized on 11th February 2022. If you have

Keventer Agro Ltd, a food and dairy based FMCG company in Eastern India, had filed the DRHP for its proposed IPO back in mid-2021 and has got approval from SEBI in December 2021. However, the final dates of the IPO are still awaited, and the company

In the light of persistent demands from the Union Civil Aviation Ministry, the Finance Minister has confirmed that the issue of ATF inclusion under the ambit of GST would be taken up for discussion in the forthcoming GST Council meeting. This has bee