There are many benefits of filing income tax return: File ITR even if your annual income is less than 2.5 lakhs, it gives easy loan

 Few days are left to file Income Tax Return (ITR) for the year 2021-22. You have to file ITR by 31st July. Many people believe that if their annual income is less than 2.5 lakhs and they do not come under the tax net, then they do not need to file ITR, but it is not so.

Even if you do not come under the income tax net, you should still file returns, because if you file ITR, then it gives you many benefits. Filing ITR makes it easier to get a loan. Apart from this, it is also necessary for visa. We are telling you about the benefits of filing ITR.

Ease of getting loan: ITR is proof of your income. It is accepted by all banks and NBFCs as income proof. If you apply for a bank loan, many times banks ask for ITR. If you file ITR regularly, then you can easily get loan from the bank. Apart from this, you can easily avail other services apart from loans from any financial institution.

Required for Visa If you are going to another country, you may be asked for an income tax return when you apply for a visa. Visa authorities of many countries ask for ITR of 3 to 5 years for visa. Through ITR, they check that the financial status of the person who wants to come to their country is.

If tax has been deducted from your income and deposited with the government for claiming tax refund , you cannot get it back without filing ITR, even if your income is within the basic exemption limit for income tax. If you want to claim tax refund, then it is necessary to file ITR for this. When you file ITR, the Income Tax Department does its assessment. If your refund is made, it is directly credited to the bank account.

Works as an Address Proof: The

ITR receipt is sent to your registered address, which can act as an address proof. Apart from this, it also acts as income proof for you.

It is easy to carry forward the loss

if you invest in shares or mutual funds and you have a loss, then to carry forward the loss to the next year, it is necessary to file income tax return within the stipulated time frame, because next year if you have If there is a capital gain, then this loss will be adjusted against this benefit and you can get the benefit of tax exemption on the profit

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Sun Pharma surges on looking to expand specialty business across different regions

Sun Pharmaceutical Industries is currently trading at Rs. 498.35, up by 8.90 points or 1.82% from its previous closing of Rs. 489.45 on the BSE.

The scrip opened at Rs. 494.25 and has touched a high and low of Rs. 498.35 and Rs. 492.45 respectively. So far 19073 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 564.90 on 28-Aug-2020 and a 52 week low of Rs. 315.20 on 23-Mar-2020.

Last one week high and low of the scrip stood at Rs. 528.45 and Rs. 483.00 respectively. The current market cap of the company is Rs. 119234.95 crore.

The promoters holding in the company stood at 54.69%, while Institutions and Non-Institutions held 32.81% and 12.50% respectively.

Sun Pharmaceutical Industries is looking to expand its specialty business across different regions like Greater China and Japan after having established presence in the US market. The company's strategy of developing the specialty business as an additional growth engine has started delivering results, with a gradual ramp up in specialty revenues. The company expects this momentum to continue over the next few years, although the COVID-19 pandemic and lockdowns may throw up some uncertainties in the near-term.

Sun Pharma is the world's fourth largest specialty generic pharmaceutical company and India's top pharmaceutical company.

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Reliance Industries inches up as its telecom arm adds 44.99 lakh subscribers in June

Reliance Industries is currently trading at Rs. 2181.45, up by 0.30 points or 0.01% from its previous closing of Rs. 2181.15 on the BSE.

The scrip opened at Rs. 2196.00 and has touched a high and low of Rs. 2209.35 and Rs. 2168.60 respectively. So far 114619 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2368.80 on 16-Sep-2020 and a 52 week low of Rs. 867.45 on 23-Mar-2020.

Last one week high and low of the scrip stood at Rs. 2336.55 and Rs. 2168.60 respectively. The current market cap of the company is Rs. 1485416.80 crore.

The promoters holding in the company stood at 50.37%, while Institutions and Non-Institutions held 38.54% and 11.10% respectively.

Reliance Industries’ (RIL) telecom arm Reliance Jio Infocomm (Jio) has added 44,99,474 customers in June 2020. Following this, the company’s total customer base has increased to 39.72 crore with market share of 34.82% in terms of wireless subscribers as on June 30, 2020.

Reliance Industries is India’s largest private sector company. The company’s activities span hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, retail and 4G digital services.

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HDFC Life gains on tying up with Yes Bank to sell insurance policies

HDFC Life Insurance is currently trading at Rs. 582.30, up by 3.15 points or 0.54% from its previous closing of Rs. 579.15 on the BSE.

The scrip opened at Rs. 602.00 and has touched a high and low of Rs. 602.00 and Rs. 578.50 respectively. So far 11507 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 647.50 on 28-Jul-2020 and a 52 week low of Rs. 339.15 on 23-Mar-2020.

Last one week high and low of the scrip stood at Rs. 602.00 and Rs. 566.25 respectively. The current market cap of the company is Rs. 117795.14 crore.

The promoters holding in the company stood at 60.41%, while Institutions and Non-Institutions held 30.84% and 8.72% respectively.

HDFC Life Insurance Company has entered into a bancassurance partnership with Yes Bank to sell policies to the bank’s customers. HDFC Life and Yes Bank entered into a corporate agency (CA) arrangement. This CA arrangement will enable customers of Yes Bank to avail HDFC Life’s wide range of life insurance products, which include solutions for protection, savings and investment, retirement and critical illness.

With bancassurance experience, the company aim to offer a comprehensive suite of product solutions and best in class servicing, leveraging investments in technology.

HDFC Life Insurance Company is one of the leading life insurance companies in India offering a range of individual and group insurance solutions that meet various customer needs such as Protection, Pension, Savings & Investment and Health, along with Children's and Women's Plan.

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Bank of India surges on getting shareholders nod to raise Rs 8,000 crore

Bank Of India is currently trading at Rs. 44.55, up by 0.20 points or 0.45% from its previous closing of Rs. 44.35 on the BSE.

The scrip opened at Rs. 44.30 and has touched a high and low of Rs. 44.90 and Rs. 43.75 respectively. So far 562413 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 79.80 on 28-Nov-2019 and a 52 week low of Rs. 30.45 on 13-Mar-2020.

Last one week high and low of the scrip stood at Rs. 48.20 and Rs. 43.75 respectively. The current market cap of the company is Rs. 14500.39 crore.

The promoters holding in the company stood at 89.10%, while Institutions and Non-Institutions held 6.18% and 4.72% respectively.

Bank of India has received shareholders’ approval to raise fresh capital up to an amount of Rs 8,000 crore by way of equity shares/tier-I/tier-II bonds by way of public issue or right issue or preferential issue or QIP or private placement or any other permitted mode at an appropriate time whether at a discount or premium to the market price. Shareholders approved the fund raising plan at the extra-ordinary general meeting (EGM) held on September 19, 2020.

Bank of India offers wide range of services such as Personal banking, Corporate, Rural, MSME, Retail, NRI services, Cards/ATM etc.

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SBI gains on getting nod to raise Rs 8,931 crore by issuing Basel III compliant bonds

HDFC Life Insurance Company inches up on raising Rs 600 crore through NCDs

HDFC Life Insurance Co is currently trading at Rs. 638.00, up by 0.50 points or 0.08% from its previous closing of Rs. 637.50 on the BSE.

The scrip opened at Rs. 642.00 and has touched a high and low of Rs. 645.00 and Rs. 631.00 respectively. So far 46767 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 647.50 on 28-Jul-2020 and a 52 week low of Rs. 339.15 on 23-Mar-2020.

Last one week high and low of the scrip stood at Rs. 647.50 and Rs. 612.85 respectively. The current market cap of the company is Rs. 128783.20 crore.

The promoters holding in the company stood at 60.41%, while Institutions and Non-Institutions held 30.84% and 8.72% respectively.

HDFC Life Insurance Company has raised Rs 600 crore through Unsecured, Rated, Listed, Subordinated, Redeemable, Fully Paid-up Non-Convertible Debentures (NCDs) and allotted 6,000 NCDs having a face value of Rs 10,00,000 for cash, at par, in dematerialized form, on private placement basis to the identified parties.

The Board of Directors at its meeting held on July 29, 2020 has approved and allotted the same.

HDFC Life Insurance Company is one of the leading life insurance companies in India offering a range of individual and group insurance solutions that meet various customer needs such as Protection, Pension, Savings & Investment and Health, along with Children's and Women's Plan.

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Bharti Airtel gains on renewing agreement with Ericsson to manage pan-India network operations

Bharti Airtel is currently trading at Rs. 570.30, up by 2.55 points or 0.45% from its previous closing of Rs. 567.75 on the BSE.

The scrip opened at Rs. 568.00 and has touched a high and low of Rs. 569.50 and Rs. 563.00 respectively. So far 81212 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 611.70 on 20-May-2020 and a 52 week low of Rs. 321.60 on 01-Aug-2019.

Last one week high and low of the scrip stood at Rs. 583.80 and Rs. 553.50 respectively. The current market cap of the company is Rs. 307557.05 crore.

The promoters holding in the company stood at 58.98%, while Institutions and Non-Institutions held 36.12% and 4.91% respectively.

Bharti Airtel has renewed its agreement with Swedish telecom gear maker Ericsson to manage pan-India network operations. Under the agreement, Ericsson will also manage Airtel's network operations center and field maintenance activities across India.

The three-year deal will see Airtel launching Ericsson Operation Engine during 2020. Ericsson will deploy the latest automation, machine learning, and artificial intelligence (AI) technologies to enhance Airtel's mobile network performance and customer experience. Ericsson has been providing telecom network equipment and services for 2G, 3G, 4G, and recently both the companies started running 5G trials.

Bharti Airtel is a leading integrated telecommunications company with operations across Asia and Africa.

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Transformers and Rectifiers zoom on bagging orders worth Rs 158 crore

Transformers & Rectifiers (India) is currently trading at Rs. 8.31, up by 0.96 points or 13.06% from its previous closing of Rs. 7.35 on the BSE.

The scrip opened at Rs. 7.90 and has touched a high and low of Rs. 8.41 and Rs. 7.90 respectively. So far 11520 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 17.50 on 13-Nov-2018 and a 52 week low of Rs. 6.75 on 09-Oct-2019.

Last one week high and low of the scrip stood at Rs. 8.44 and Rs. 7.25 respectively. The current market cap of the company is Rs. 97.43 crore.

The promoters holding in the company stood at 74.91%, while Institutions and Non-Institutions held 0.96% and 24.13% respectively.

Transformers and Rectifiers (India) have received orders for supply of Transformers amounting to Rs 158 crore. The company has received an order from Uttar Pradesh Power Corporation worth Rs 89 crore and from Khetri Transco, a 100% wholly-owned subsidiary of Power Grid Corporation of India, worth Rs 69 crore. With this order, the company's order book as on date stands around Rs. 1159 crore.

Transformers & Rectifiers (India) is engaged in the manufacture of a wide range of transformers.

शेयर बाजार समाचार और शेयर के उतार चढ़ाव तथा इन्वेस्टमेंट के लिए विसिट करे - Stock Cash Tips

Top stocks in focus today: RCom, Sun Pharma, IDBI Bank

ITC said certain individuals and NGOs have filed petition against high court ruling on cigarette warning.

Glenmark Pharmaceuticals has receives ANDA approval for Norethindrone Acetate and Ethinyl Estradiol Tablets USP and Ferrous Fumarate Tablets, 1 mg/20 mcg.

IDBI Bank to terminate rating engagement with Moody’s for MTN program.

Sun Pharma announces that the USFDA has accepted a New Drug Application (NDA), filed by its wholly owned subsidiary, for OTX-101 (cyclosporine A, ophthalmic solution) 0.09%, a novel nanomicellar formulation of cyclosporine A 0.09% in a clear, preservative-free aqueous solution..

The company announced Offer for sale of Share to eligible employees of NBCC (India) Ltd. The overall pool size of shares available to NBCC's employees under Employee Share Sale would be up to 25,16,013 equity shares of face value of Rs. 2/- each ('Equity Shares').

Reliance Communications announced exit from SDR framework with zero write-offs to lenders.

Apollo Tyres which recently raised Rs1,500cr through a QIP, is looking to partially deploy the resources to develop a new greenfield facility in Andhra Pradesh.

Canara Bank board of the bank decided to raise additional equity capital amounting to Rs90cr through QIP route by issuing Rs9cr equity shares of face value Rs10.

Essar Oilfields commenced drilling contract with Mercator Petroleum.

Ortel Communication will transfer its broadband business to its new subsidiary Ortel Broadband Ltd.

Dr.Reddy’s has launched Melphalan Hydrochloride for Injection, a therapeutic equivalent generic version of Alkeran (melphalan hydrochloride) for Injection used in the treatment of certain types of cancer and approved in the US market by the USFDA, as per media reports.

Jindal Steel completed 250 tonne basic oxygen furnace at its Odisha plant.

Srikalahasthi Pipes QIP closed with the issue price fixed at Rs360.5.

Punjab & Sind Bank board of directors has approved raising of equity capital through public issue/ right issue/ QIPs/ preferential issue or any other mode or a combination(s) thereof in one or more tranches up to March 31, 2019.

Prestige Estates will acquire 66.6% in Prestige Projects for Rs324cr.

Yes Bank acquired 5.62% in One Point One Solution as an anchor investor.

Sushmita Kacholia sold 1.28 lakh shares or 0.8% stake at Rs75.53 each of Lokesh Machines.

Asia Investment Corp Mauritius bought 3.74 lakh shares or 1.7% stake at Rs300 each of Vishal Fabrics.

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Sensex, Nifty open weak ahead of RBI policy; metal stocks drag

Benchmark indices opened lower today as caution prevailed ahead of RBI's monetary policy review outcome and on weak cues from the global markets.

Nifty was weighed down by losses in the metal and commodity companies following a sharp decline in the global copper prices. The Nifty Metal and Nifty Commodity index were down 1.7% and 0.6% respectively.

At 9:48 AM, the Nifty 50 was at 10,102, down 17 points or 0.16% from the previous close. The BSE Sensex was at 32,753, down 50 points or 0.15%.

The BSE Midcap index was down 0.61%, while the BSE Smallcap index remained unchanged.

Shares of Shilpa Medicare were down 4% as the USFDA issued 10 observations to the company's Telangana unit.

Shares of Dish TV fell over 1% after the company posted a consolidated loss for Jul-Sep as against net profit a year ago.

Tech Mahindra (+1%), Reliance Ind (+1%), Infosys (+1%), Kotak Mahindra Bank (+1%) and Zee Ent (+0.69%) were the top gainers on Nifty 50.

Hindalco (-2.5%), Vedanta, Tata Steel (-2%), Bajaj Auto (-1.2%) and Eicher (-1.1%) were the top losers in today’s trade.

India VIX dropped 0.51%.

Out of 1,971 stocks traded on the NSE, 902 advanced, 663 declined, and 436 remained unchanged today.

A total of 39 stocks registered a fresh 52-week high in trade today, while 15 stocks touched a new 52-week low on the NSE.

Meanwhile, the Indian rupee opened lower at 64.43 per dollar against Tuesday’s close of 64.38.

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Nifty slips below 10,150; Infosys, Tata Motors up 2%

Indian equity benchmarks moved higher led by gains in Infosys. However, the market gave up early gains as Reliance Industries, L&T and Sun Pharma came under selling pressure.  

At 10:06 AM, BSE Sensex was up 44 points to 32,872 and the NSE Nifty50 Index up by 7 points to 10,129.  

The BSE Mid-cap Index and BSE Small-cap Index are trading lower at 16,688 and 17,918 respectively.  

Some buying was seen in IT and Tele Communications, while power, capital goods, utilities, FMCG, banking and consumer durables showed weakness on the BSE.  

Infosys, Tata Motors, Indiabulls HF, ONGC and Bharti Airtel gained the most on Nifty50.  

Adani Ports, HPCL, Wipro, Bajaj Finance and Sun Pharma were the top losers.  

India VIX rises by 2.60% at 15.18 level.  

Out of 1,989 stocks traded on the NSE, 623 advanced, 915 declined, and 451 remained unchanged today.  

A total of 35 stocks registered a fresh 52-week high in trade today, while nine stocks touched a new 52-week low on the NSE.  

Meanwhile, the Indian rupee opened little changed against the US dollar ahead of the key Reserve Bank of India’s monetary policy review.  

Among stocks, Biocon surged 10% as the USFDA approved Mylan and Biocon's Ogivri, the first biosimilar for Trastuzumab, for the Treatment of HER2-Positive breast and gastric cancers.  

Shares of Dr. Reddy's Laboratories rose over 1% after the US FDA cleared the company's pharmaceutical services facility at Miyapur near Hyderabad.  

Shares of Infosys gained 3% after the company on Saturday appointed Salil S. Parekh as the chief executive officer and the managing director of the company, starting Jan 2.

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Sensex, Nifty flat; Realty Index gains 2%

Indian stock market continued to consolidate in morning ahead of expiry of November derivative contracts on Thursday.

Indices were trading flat on the back of fresh gains in blue-chips like Reliance Industries, ITC and L&T. Also, ahead of the expiry of the current derivatives series on Thursday and GDP date later this week.

As on 11:05 AM, the BSE Sensex was up 27 points at 33,645 and the NSE Nifty rose 9 points to 10,379.

The BSE MidCap Index rose 0.26% and the BSE SMallCap Index advanced 0.60%.

Bosch, Coal India, Aurobindo Pharma, GAIL and Sun Pharma gained the most on Nifty50, while Axis Bank, HDFC, UPL, Tech Mahindra and Yes Bank were the top losers.

Some buying was seen in realty, pharma, auto, media, metal and PSU bank sectors, while private banking, IT and financial services sectors showed weakness on the NSE.India VIX slipped by 1.40% at 12.96 level.

Out of 1,983 stocks traded on the NSE, 1,011 advanced, 596 declined, and 376 remained unchanged today.

A total of 92 stocks registered a fresh 52-week high in trade today, while six stocks touched a new 52-week low on the NSE.

News Highlights:

Nifty Realty Index gains 2%. Prestige, Sobha (+8%), HDIL, Godrej Prop, Oberoi Realty (+2%).

Coal India is considering hiking salary of its executives, which may cost the company about Rs 800 Cr, as per media reports. Stock rises 2.5%.

RCom enters into binding Share Purchase Agreement with Pantel Technologies to sell 100% of DTH business. Stock up 1%.

Technofab Engineering received order in the domestic water sector worth Rs 281 Cr. Stock hits 20% upper circuit.

GNA Axles stock slips 4% after 10 lakh shares or 5% equity change hands at Rs 390.35-395.30/sh on the BSE.

Action Construction Equipment stock falls 7% after 45.2 lakh shares or 3.8% equity change hands at between Rs 134.35-139.5/sh on the NSE. 

Alkem Labs stock rallied 4% on US FDA nod for Capecitabine tablets.

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5 Best Equity Trading Tips for Beginners

A novel trader who is starting his trading career in the stock market may really get bewildered simply and can acquire huge loss in the stock market trading.

So, if you are a beginner, then, here we are offering the five best equity tips, which the traders must go after before entering into the equity market.

1) The trader should primarily understand the fundamentals.

The traders should primarily understand the fundamentals and should attempt to get knowledge regarding market prior start trading at once. There are higher possibilities for the beginners to acquire huge loss in the market.

2) The trader should study some trading approach and should attempt to fix it.

The trader should go after some strategies and learn it before start spending in the market. The trader can carry out and do a lot of paper-work before start spending the actual money in the market.

3) The trader should not get inundated by the market conditions.

The trader should not get inundated and should also not get attracted by the market condition.

In reality, the trader should keep himself peaceful when trading.

4) The trader should not fear when the trade goes in the different direction than expected.

When trading there is a chance that the trade may go in the differing direction and we might acquire loss. In this condition the trader should do something serenely and should overcome by the outcomes.

5) The trader should not trade excessively.

The trader should attempt to do restricted trading. He should not be controlled by the feeling of excitement and voracity.

Therefore, given above are the methods a trader dealing in the equity market should bear in mind when trading. Also, they can find out the ability of trading by studying technical analysis. The technical analysis is a complete in depth area and needs time to learn. By having time and support of stock future tips he can be flourishing in the stock future market.

Some of the significant ideas employed in technical study are contriving the charts of different indicators. Indicators like moving standards and oscillators such as RSI are the key indexes to expect the price changes. The different characteristics offered in the charts such as crossing of two diverse changing averages will provide suitable buying or selling signals.

Trading with the use of charts

Trading depending on analysis of charts is the division of Technical Analysis. The charts are contrived amid the price changes on Y and Time on X axis. The time axis can be in use depending on the analyst’s selection. For instance, the charts can be 5 minute, 1 hour chart or 1 day chart, based on the time outline of analyst’s requirements. Also, different indicators are contrived to produce the buying and selling signals.

A trader can depend on the Stock Future Tips and Equity Tips produced by specialist technical analysts or can also trade on his own by understanding the Technical Study.

Nifty hovers around 10,350 mark; Metal Index drops

Share indices came marginally off lows in mid-afternoon in afternoon session, ahead of expiry of November futures & options contracts and OPEC meeting on oil output cut later this week.

Share indices came marginally off lows, ahead of expiry of November futures & options contracts and OPEC meeting on oil output cut later this week.

On the economy front, S&P Global Ratings retained India's sovereign rating at BBB-, with a stable outlook, a week after Moody's Investors Service upgraded India's rating. Jul-Sep GDP data  will be released in this week.

Among BSE sectoral indices, metal index fell the most by 0.98%, followed by 0.57%, FMCG 0.54%, oil & gas 0.25% and energy 0.24%. On the other hand, realty index was up 1%, consumer durables and capital goods 0.68% and power 0.29%.

At 2:10 PM, BSE Sensex down 41 points to 33,638 and the NSE Nifty50 Index slipped 17 points to 10,373.

The broader markets were outperforming with the BSE MidCap Index up 0.27% and the BSE SmallCap Index up 0.53%.

NTPC, Axis Bank, UPL, ONGC and Infratel gained the most on Nifty50, while Hindalco, HPCL, IndusInd Bank, Adani Ports and Indosys were the top losers.

India VIX rose by 0.83% at 13.32 level.

Out of 1,995 stocks traded on the NSE, 939 advanced, 720 declined, and 336 remained unchanged today.

A total of 106 stocks registered a fresh 52-week high in trade today, while 11 stocks touched a new 52-week low on the NSE.

Ramco Systems gets order from Saudi Arabia-based co. Stock spurts 3.5%.

Adani Enterprises stock down 2% after voting in Queensland state Election.