New Delhi20 hours ago
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Yesterday’s big news was related to gold and silver. Gold and silver made all time highs. Gold became costlier by Rs 831 to Rs 74,214. Silver became costlier by Rs 6,500 and became Rs 92,873. At the same time, the Indian stock market touched the figure of 5 trillion dollars (about 416 lakh crores) for the first time.
Before tomorrow’s big news, today’s major events to keep an eye on…
- A rise can be seen in the stock market today on Wednesday (May 22).
- Fourth quarter results of Paytm and Power Grid will be released.
- The IPO of Office Space Solutions will be open for subscription.
- There has been no change in the prices of petrol and diesel.
Now read tomorrow’s big news…
1. Gold crosses ₹ 74 thousand for the first time: Silver makes all-time high of ₹ 92,444, price increases by 6 thousand rupees in a single day
Gold and silver made all-time high on May 21. According to the website of India Bullion and Jewelers Association (IBJA), 10 grams of gold became costlier by Rs 839 to Rs 74,222 during trading. At the close of trading, gold became costlier by Rs 831 and became Rs 74,214.
Silver has also reached all time high today. It became costlier by Rs 6,071 and reached Rs 92,444 per kg. At the close of trading, silver became costlier by Rs 6,500 to Rs 92,873. Earlier on Monday, May 20, silver was at Rs 86,373.
Click here to read the full news…
2. Market-cap of stock market crosses 5 trillion dollars for the first time: Increased by 1 trillion dollars in less than 6 months, it was 4 trillion dollars on 29 November 2023
The Indian stock market touched the figure of 5 trillion dollars (about Rs 416 lakh crore) for the first time on May 21. The market has achieved this feat at a time when Foreign Institutional Investors (FIIs) are withdrawing their money from the Indian market due to the Lok Sabha elections.
The combined market cap of all companies listed on the Bombay Stock Exchange (BSE) rose to Rs 416 lakh crore during the day’s trading. It took less than 6 months for Dalal Street to go from $4 trillion on November 29, 2023 to $5 trillion on May 21. India is the fifth largest stock market in the world after Hong Kong, Japan, China and America.
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3. Guidelines issued to prevent fluctuations in shares due to rumours: The company will have to clarify the situation within 24 hours, the rule will be applicable from June 1.
Securities Exchange Board of India i.e. SEBI has issued new guidelines on May 21 to deal with the impact on stocks due to rumors in the stock market. According to the guidelines, if there is a big change in the stock due to any unverified news or rumor, then the company will have to confirm that news within 24 hours.
The company will have to clarify its position on that news within the stipulated time. According to SEBI guidelines, if the rumor is confirmed within 24 hours, the stock will be considered ‘un-affected price’ under the rules. ‘Unaffected price’ is the level of a stock that it would have been in the absence of that news or rumor. This guideline will be applicable to the top 100 listed companies from June 1 and will be applicable to the next 150 companies till December 2024.
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4. BHEL’s fourth-quarter profit declined by 26% to ₹ 489 crore: Income increased by 0.40% on an annual basis, company will pay dividend of 25 paise per share.
Bharat Heavy Electricals Limited i.e. BHEL Limited’s profit in the fourth quarter (January-March) of FY 2024 declined by 26% on an annual basis (YoY) to ₹ 489.62 crore. The company’s consolidated net profit in the same quarter a year ago was ₹658.02 crore.
The company has announced a final dividend of 25 paise per share for the financial year 2024. Companies give some part of the profits to their shareholders, it is called dividend. BHEL has released fourth quarter and annual results on May 21.
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5. Supreme Court gives big relief to telecom companies: Interest on income tax dues waived, companies will save ₹ 3000 crores
Other telecom companies of the country including Airtel and Vodafone-Idea have got big relief from the Supreme Court. SC has completely waived the interest on the outstanding income tax of these companies. This will save companies about Rs 3000 thousand crores. The court gave this decision on 17 May. Vodafone Idea will get the most relief in this.
Telecom companies have got relief from the Supreme Court in the matter of tax exemption claim by showing part of the license fee as revenue expenditure. The Supreme Court said that the companies will not have to pay interest on the less tax paid by showing revenue expenditure.
Click here to read the full news…
6. Vivo Y200 Pro 5G smartphone launched in India: Qualcomm Snapdragon 695 processor with 64MP camera, launching price ₹ 24,999
Chinese tech company Vivo has launched its new 5G smartphone Vivo Y200 Pro. This is the first smartphone of Y-series in which the company has given 3D curved AMOLED display.
At the same time, for performance, the company has given Qualcomm Snapdragon 695 5G chipset in the phone. Vivo Y200 Pro is a mid-range smartphone, whose single variant with 8GB RAM + 128GB storage is priced at Rs 24,999. It comes in Silk Black and Silk Green color options.
Click here to read the full news…
Now get the news of your need…
Invest in gold through ETF: You can buy and sell them through trading account, gave returns of up to 25% in the last 1 year.
Gold has crossed the level of Rs 74,000 per 10 grams and reached all-time high. According to IBJA, so far this year the price of gold has increased by Rs 10,870. On January 1, gold was at Rs 63,352, which has now reached Rs 74,222 per 10 grams.
According to experts, it may see a rise in the coming days and it may go up to 85 thousand by the end of this year. If you are also planning to invest in gold, then investing in Gold Exchange Traded Funds i.e. Gold ETFs can be a good option. It has given returns of up to 25% in the last 1 year. In such a situation, here we are telling you about Gold ETF…
Click here to read the full news…
Also see who were the top 10 richest people in the world yesterday…
Know the condition of tomorrow’s share market and gold and silver…
Know the latest price of petrol, diesel and gas cylinder…
