Free Stock Market Tips | Profit From Share Market

This is the fourth consecutive rate cut since February. The Reserve Bank of India (RBI) on August 7 cut the repo rate—its key lending rate—by 35 basis points to 5.40 percent and kept the door open for lowering rates further by retaining an “accommodative” policy stance, but flagged worries over weakening growth prospects. This was the fourth repo rate cut in as many policies since February 2019. This is also the first time when the benchmark lending rate has been changed by range other than multiples of 25 basis points. This signals a major departure from the prevailing practice, when the central bank had only lowered or raised rates in multiples of 25 basis points. “There is nothing sacrosanct about 25 basis points or its multiples thereof,” RBI governor Shaktikanta Das said during the post-policy press conference. One basis point is one-hundredth of a percentage point. The six member Monetary Policy Committee (MPC), headed by Das, however, saw emerging worry lines on...

The additional troop deployment, experts have stated, was in anticipation to any violence that might be expected after the Home Minister's statement in Rajya Sabha. With Union Home Minister Amit Shah on August 5  informing Parliament  that the Centre proposes to abrogate Article 370 of the Indian Constitution, the repercussions of the move will be widespread and could continue to reverberate for some time to come. Internally, reports have stated that the government, having anticipated wide-scale turmoil in Kashmir Valley, had imposed Section 144 of the CrPC in parts of J&K, including Srinagar district as a precautionary measure. This meant a complete ban on holding any kind of public meeting or rallies. Mobile internet and landline services have been suspended in the Kashmir Valley. Satellite phones have been provided to officials.

Clearance on the charges collected by banks and NBFCs, millions of people will be benefitted The Reserve Bank of India (RBI) on Friday said that banks or non-banking financial companies (NBFCs) cannot levy any fees for closing the loan account by prematurely repaying loans taken by ordinary consumers at floating rates. Home and vehicle loan borrowers will get big relief RBI has issued two separate notifications on Friday and clarified the situation on the charges being levied by the banks and NBFC in this context.  He has said that banks and NBFCs can not take extra charges for terminating the loan account by paying prematurely for loans taken by floating rate for any other purpose other than business.  This notification of the central bank will provide great relief to those taking home and auto loan borrowers.  Many times consumers wanted to save interest by paying the entire loan together, but the fee charged for it was so high that most consumers change th...

Indian market recovered helped by short-covering which pushed the Nifty50 beyond 11000 while the S&P BSE Sensex saw gains of about 200 points on Friday. The Indian stock market reversed losses in afternoon trade on August 2 after media reports quoting government officials suggested that Prime Minister Office (PMO) and finance ministry’s top bureaucrats are in talks over foreign portfolio investor (FPI) surcharge issue, sources told  CNBC-TV18 . The recovery was supported by short-covering which pushed Nifty50 beyond 11,000, while S&P BSE Sensex saw gains of about 200 points during the session. “Senior officials from revenue, CBDT and MEA met PMO for a possible solution. The PMO has asked DEA to submit representations on issues shared by FPIs earlier,” they say. Foreign investors were on a selling spree in July after FM Nirmala Sitharaman denied withdrawing super-rich surcharge on FPIs that was proposed during the Budget on July 5. Foreign ...

The only segment that registered a half a percent growth was light commercial vehicle, under which it sells Super Carry. ,  Maruti Suzuki India's country's largest passenger vehicle maker, disappointed the analysts on August 1 by reporting sharp fall in July sales. Company sold 1.09 lakh units in July 2019, the lowest in last two-year, down by 33.5 percent compared to 1.64 lakh units sold in the same period, previous year. Numbers were lower than Nomura expectation of 1.17 lakh units for the month. Maruti said domestic sales in July 2019 were down 35.1 percent at 1 lakh units and passenger car sales fell 36.2 percent to 71,486 units compared to July 2018. Total exports also declined 9.4 percent year-on-year to 9,258 units in the month gone by. Maruti saw weak demand across segments with mini (Alto, Old WagonR) category showing a 69.3 percent fall YoY, and compact category (New WagonR, Ignis, Baleno, Swift) reporting a 23 percent decline YoY in Jul...