Stock market witnessed a strong rally today, Both Nifty and Sensex jumped 1.6% approx.

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Stock market witnessed a strong rally today, Both Nifty and Sensex jumped

The stock market witnessed a strong rally today, August 16, 2024. Both the benchmark indices, the NSE Nifty 50 and BSE Sensex, closed significantly higher, driven by positive global cues and strong performance in sectors like IT and Realty. Stock Market Highlights for August 16, 2024: Nifty 50 jumped 1.65% to settle at 24,541.15. Sensex Read more: Stock market witnessed a strong rally today, Both Nifty and Sensex jumped 1.6% approx…

US Fed rate cut expectations; what strategies should be considered by Investors?

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US Fed rate cut expectations; what strategies should be considered by Investors?

US Fed rate cut expectations: As par the current scenario, market expectations and many analysts suggest a strong possibility of a US first-rate cut in the September Federal Reserve meeting, it’s crucial to remember that this is still a prediction and not a guaranteed outcome. The Federal Reserve’s decisions are data-dependent, and various economic factors Read more: US Fed rate cut expectations; what strategies should be considered by Investors?..

Not a rupee hit my bank account, Why I have to pay LTCG or STCG Taxes?

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Confused Investor

Explanation: It might seem counterintuitive, but let’s break down why taxes are incurred when you switch from one mutual fund to another. The Illusion of No Money Movement While it’s true that no physical cash changes hands when you switch between funds within the same fund house, a significant financial transaction occurs behind the scenes: Read more: Not a rupee hit my bank account, Why I have to pay LTCG or STCG Taxes?..