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Yesterday’s big news was related to the prices of gold and silver. After the reduction in the custom duty (import tax) on gold and silver in the budget, gold has become cheaper by Rs 4000 and silver by Rs 3600 in 2 days. The government has reduced the custom duty on gold and silver from 15% to 6% in the budget. This has led to this fall in prices.
At the same time, more than 70% of individual traders doing intraday trading in the equity cash segment remain in loss. This information has come to light in a study by the Securities and Exchange Board of India i.e. SEBI. The market regulator conducted this study on investors during the financial year 2023.
Finance Minister Nirmala Sitharaman announced the NPS ‘Vatsalya’ scheme in the budget. The NPS contribution limit for employers in the private sector has also been increased from 10% to 14% of the employee’s basic salary. Apart from this, the limit of Mudra loan has been increased to Rs 20 lakh.
Before tomorrow’s big news, today’s major events, which will be in focus…
- There may be a rise in the stock market today.
- The first HMD smartphone will be launched in India.
- There has been no change in the prices of petrol and diesel.
Now read yesterday’s big news…
1. Gold became cheaper by ₹ 4,000 after tax reduction: selling at ₹ 69,194 per 10 grams, silver fell by ₹ 3,600 to ₹ 84,897
After the reduction in the custom duty (import tax) on gold and silver in the budget, gold has become cheaper by Rs 4000 and silver by Rs 3600 in 2 days. The government has reduced the custom duty on gold and silver from 15% to 6% in the budget. This has led to this fall in prices.
On Wednesday, the day after the budget, gold fell by Rs 408 to Rs 69,194. On July 23, it had fallen by Rs 3600. On the other hand, silver fell by Rs 22 to Rs 84,897 per kg on July 24. Yesterday, silver had fallen by Rs 3600.
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2. Intraday trading – 70 out of 100 investors incur losses: Despite the risk, traders increased by 300% in 4 years, share of those under 30 years of age increased by 48%
More than 70% of individual traders doing intraday trading in the equity cash segment remain in losses. This information has come to light in a study by the Securities and Exchange Board of India i.e. SEBI. The market regulator conducted this study on investors during the financial year 2023.
The study also said that the number of retail investors doing intraday trading in the equity cash segment has increased by more than 300% in FY 2023 as compared to FY 2019. The study included people from the academic world, brokers and market experts.
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3. Announcement of NPS ‘Vatsalya’ scheme in the budget: SIP of Rs 10,000 will create a fund of Rs 63 lakh; Now loan of Rs 20 lakh under Mudra scheme
Finance Minister Nirmala Sitharaman announced the NPS ‘Vatsalya’ scheme in the budget. The NPS contribution limit for employers in the private sector has also been increased from 10% to 14% of the employee’s basic salary. Apart from this, the limit of Mudra loan has been increased to Rs 20 lakh.
NPS Vatsalya is designed to help ensure financial security of children as they grow up. Parents can invest in this scheme on behalf of children. On attaining adulthood, the account will be converted into regular NPS.
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4. BMW CE 04 e-scooter launched, it is more expensive than Nexon-EV: Price ₹ 14.90 lakh, will get a range of 130 km on full charge
BMW Motorrad India on Wednesday launched the super premium electric scooter BMW CE 04 in the Indian market. This is the company’s first and India’s first premium electric two-wheeler. The company claims that it runs 130 kilometers on full charge.
The company has priced the e-scooter at Rs 14.90 lakh. With this price, it has also become the most expensive electric scooter in India. Tata’s Nexon EV can come in this price. The starting price of Nexon electric SUV is Rs 14.49 lakh.
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5. Income up to Rs 7.75 lakh tax free in new regime: 58 thousand 900 crores to Nitish, 15 thousand crores to Naidu; understand the complete budget
Finance Minister Nirmala Sitharaman on Tuesday set a record by presenting the budget for the seventh consecutive time. In her speech of 1 hour 23 minutes, she talked about focusing on education, employment, farmers, women and youth.
For those who choose the new tax regime in the budget, income up to Rs 7.75 lakh has now become tax free. That means they have got a benefit of Rs 17,500.
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6. Sensex closed at 80,148 with a decline of 280 points: Nifty also fell 65 points, Bajaj Finserv was the top loser
The day after the budget, i.e. on Wednesday (24 July), the stock market witnessed a decline. The Sensex closed at 80,148 with a fall of 280 points.
At the same time, Nifty fell by 65 points and closed at 24,413. Out of 30 Sensex stocks, 20 saw a decline while 10 saw a rise. Out of 50 Nifty stocks, 30 saw a decline while 20 saw a rise.
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7. SBI Life earns Rs 520 crore profit in Q1: up 36% YoY, investment income Rs 19,283 crore; stock up 23.95% in a year
Insurance company SBI Life has reported a net profit of Rs 519.52 crore in the first quarter (April-June) of the financial year 2024-25. It has increased by 36.34% on an annual basis. In the same quarter a year ago i.e. Q1FY24, the company had earned a profit of Rs 381.04 crore.
During this period, the company’s net premium income has increased by 15% to Rs 15,105 crore as compared to April-June 2023. A year ago, the company’s premium earnings were Rs 13,104 crore. At the same time, earnings from investment increased by 32.27% to Rs 19,283.50 crore.
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8. BMW 5 Series Long Wheelbase launched in India: It has a 2.0-litre turbo petrol engine with mild hybrid, priced at ₹72.9 lakh
BMW Motorrad India on Wednesday launched the eighth generation BMW 5 Series Long Wheelbase in the Indian market. This premium sedan is the first right-hand drive car from the German car manufacturer and India is the third car market after China where this car has entered.
At the same time, after BMW 3 Series and BMW 7 Series, this luxury sedan of the company is the third long wheelbase car in India. Its exterior has been given new styling and the cabin has also been upgraded. The company has introduced it in a single variant 530Li M Sport.
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Also see who are the top 10 richest people in the world…
Know the condition of tomorrow’s stock market and gold-silver…
Know the latest price of petrol, diesel and gas cylinder…
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