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The Supreme Court earlier, had already approved states to collect mining taxes retrospectively from 2005.

Investors participating in the Vishal Mega Mart IPO had placed bids for over ₹1.6 lakh crore during the three-day bidding period.

All three investor categories placed bids worth over 100 times the total number of shares on offer for each category. 

Shares changed hands at an average price of ₹628 per share, which takes the total transaction value to ₹276 crore.

Vahan data shows there has been a major fall in the two-wheeler category with registrations down 24%. While passenger vehicles or cars are also expected to post a drop in sales, they could relatively outperform.

Baig expects the US Federal Reserve to cut interest rates at its final 2024 policy meeting on December 17-18, which comes just weeks before Donald Trump’s inauguration as the 47th President on January 20, 2025.

The last instance of the Union Budget being presented on a Saturday was back in 2016-2017, when the budget was presented on February 27. The stock markets were not open that day.

Shares of CDSL are trading close to their recent peak of ₹1,989, though they are marginally off those levels.

Nuvama said that the market is pricing in an elusive GST rollout for natural gas, but are ignoring an imminent plunge in the net profit of these companies.

Market tech analyst Mitessh Thakkar have these recommendations on Wednesday.