CA KAMAL GARG

Nifty Bank is the banking index of the National Stock Exchange of India (NSE) that tracks the performance of 12 major banking stocks which includes: HDFC Bank, ICICI Bank, and State Bank of India. The value of the index is calculated based on the weighted average of the market capitalization of these banks. Nifty Bank Trading involves buying and selling shares of the banks included in the index with the aim of making a profit. Before trading, it is important to do thorough research on the banking sector and individual banks to understand their financial health and performance. Traders use Technical analysis  Fundamentals analysis and Market sentiments (such as market volatility, liquidity issues, and unexpected price movements) Important Economic and Political Development (such as interest rates, inflation, government policies and global events) To identify trends and patterns in the market and To determine the optimal or right time to buy and sell the shares . Traders also use differe

Key Amendments introduced to the Finance Bill 2023 New Tax Slab Rates w.e.f 01.04.2023 Applicable slab rate irrespective of Holding period. However, can claim set off against short term capital losses. Any capital gain on Investments made after 1 April 2023 in Mutual funds where the domestic equity allocation is 0-35% would be taxed as short-term capital gains as per slab rate, irrespective of holding period. Following categories fall under the new tax ambit: All debt Mutual funds Gold ETF International funds irrespective of the structure - ETFs, Index funds, FoFs, etc Global offshore funds domiciled outside India Conservative Hybrid Funds Present Tax Slab Rates Holding period of >= 3Y: LTCG @ 20% with indexation benefit  Holding period of <3Y: STCG at slab rate Summary:

Market Momentum The Indian stock market struggled for direction due to concerns about  the US Federal Reserve's rate-hike trajectory,  while a drop in Adani Group company stocks dampened sentiment.  The decline in the dollar index may benefit emerging markets such as India,  but high valuations and  persistent foreign selling remains concerning.