Share Market Tips and Updates

BUDGET 2019 -  The government may increase the limit of income tax exemption - If the government raises the tax exemption limit from Rs 2.5 lakh to Rs 3 lakh, then it will add at least 2500 rupees to the country's 5 crore taxpayers. However, the budget deficit will increase if this is done. In the current fiscal year, it has 3.4 percent of GDP.  Farmers do not have interest on loans up to Rs 1 lakh! -  On May 31, 2019, PM Modi held a cabinet meeting after taking the oath. This meeting was said to increase the scope of PM-Kisan scheme. Under this scheme all the farmers, whether they have land or not- they will be given 6000 rupees per year. However, this benefit will not be given to those farmers, who have more than 2 hectares of land. STOCK NEWS -  All international traffic rights of Jet Airways meet other companies- Jet Airways was once the country's largest international operator with a 14 percent stake in the Aviation Market. After this A...

The top gainers from the NSE include IndusInd Bank, Zee Entertainment, ICICI Bank, Cipla and Power Grid while the top losers are Indiabulls Housing Finance, Bharti Infratel, Asian Paints, Hindalco Industries and Britannia Industries. Benchmark indices are trading on a positive note with Nifty up 29 points and is trading at 11,701 while the Sensex added 124 points and is trading at 39,085 level. Nifty Media is the outperforming sector, up over 1 percent led by Zee Entertainment, Dish TV, Network18, PVR, TV Today and Inox Leisure. From the banking space, the top gainers are ICICI Bank which jumped 2 percent followed by IndusInd Bank, RBL Bank and State Bank of India. India VIX is marginally down 0.14 percent at 14.63 levels. The top gainers from the NSE include IndusInd Bank, Zee Entertainment, ICICI Bank, Cipla and Power Grid while the top losers are Indiabulls Housing Finance, Bharti Infratel, Asian Paints, Hindalco Industries and Britannia Indus...