Amidst market volatility, investors can leverage tax harvesting to mitigate losses and reduce tax liabilities. Tax loss harvesting involves selling losing stocks to offset future gains, while tax gain harvesting allows for partial selling to stay within tax exemption limits. These strategies offer opportunities to manage capital gains tax effectively.
Indian stock markets saw a sharp decline for the third consecutive day on Friday. Metals, auto, and financial stocks led the fall. The ongoing Iran-Israel/US conflict continued to impact market sentiment. The Nifty plunged 488 points, and the Sensex dropped 1470 points. Analysts suggest a weak short-term trend with potential further falls.
Indian stock markets saw a sharp decline for the third consecutive day on Friday. Metals, auto, and financial stocks led the fall. The ongoing Iran-Israel/US conflict continued to impact market sentiment. The Nifty plunged 488 points, and the Sensex dropped 1470 points. Analysts suggest a weak short-term trend with potential further falls.
Oil prices have surged past $100 per barrel amid escalating IranIsrael tensions and fears of a prolonged closure of the Strait of Hormuz, a key global energy chokepoint. Analysts warn crude could climb to $150 if disruptions persist, raising inflation risks and pressuring Indian equities, which have already seen sharp declines amid foreign outflows, rupee weakness and energy supply concerns.
India's defence sector is experiencing a new growth phase driven by rising global security concerns, government initiatives prioritising domestic manufacturing, and a strong procurement pipeline. Opportunities are expanding for Indian manufacturers, particularly in export markets, as the nation strengthens its self-reliance in defence production.
Metropolis Healthcare's shares will trade ex-record date for its 3:1 bonus issue on Friday, meaning only shareholders holding the stock by the record date are eligible. This corporate action will increase the number of shares held by eligible investors without altering the total value of their investment.
Two new passive funds, a commodity-based ETF and a mid-cap ETF, are opening for subscription on Monday. The HSBC Gold ETF closes on March 18, and the SBI Nifty Midcap 150 ETF closes on March 24, both with a minimum investment of Rs 5,000. Investors are advised to choose funds based on their individual risk profiles and financial goals.
The combined market valuation of the top-10 domestic firms eroded sharply by Rs 4.48 lakh crore last week, in tandem with a steep decline in equities, with banking majors State Bank of India and HDFC Bank taking the biggest hit.
