Business

The second tranche of the Bharat Bond ETF (exchange traded fund), managed by Edelweiss mutual fund, will be up for subscription from July 14. Just like the first tranche of December 2019, the second offer will come in two variants: a 10-year ETF that will mature in April 2030 and a five-year product that will mature in 2025. What is this bond about? The Bharat Bond ETF is India’s first to corporate debt ETF. Companies approach the firm managing the bond ETF with their borrowing requirements. The bond ETF raises…

Nifty gave a surprising for move by climbing ‘the wall of worry’ i.e. 61.8% retracement levels of the entire fall of March and has managed to give the highest weekly closing of the last 16 weeks. Meanwhile, weekly Heikin Ashi candle continued as a bullish flat bottom pattern and formed a higher high and higher low pattern, clearly suggesting that bulls are in domination and prices are ready to soar further. Daily RSI is sustaining above its 9 SMA also adding strength to the current ongoing movement. The key target…

After hitting a record of high in January 2020, Indian equity benchmarks crashed 40% to hit around 4 year low level on March 24. The indices have recovered since then on the back of liquidity (by global central banks) and gradual re-opening of economies despite virus risk. The BSE Sensex and Nifty50 as well as Midcap and Smallcap indices plunged 29% each during the March quarter. Sectoral indices also witnessed double-digit decline. Life Insurance Corporation of India (LIC), one of the major equity investors, made fresh investments in 16 stocks…

The Goods and Services Tax (GST) was passed in a joint session of parliament on 1 July, 2017. It is the biggest tax reform in the history of the country. GST’s rollout abolished a plethora of regional taxes and ushered in a unified indirect tax regime across the country. This change was expected to cut red tape, facilitate movement of goods and services across state borders and widen the tax base by bringing erstwhile evaders into the system via the input tax credit radar. It was a radical reform. Reforms…