U.S. interest rates cheered traders while unchanged.

The domestic stock market displayed a strong recovery, erasing losses from the past two sessions.

Share market news

The benchmark Nifty index rebounded, comfortably surpassing the 19,100 mark.

The US Federal Reserve did not raise the country's interest rate. This situation is going to continue till 2024. As a result, US bond yields stabilized. Federal Reserve Bank Chairman Jerome Paul's speech, which gave these details, also calmed our market. So, our stock markets which started with profit in the morning ended with profit in the evening too,

GST collection for the month of October touched Rs 1.72 lakh crore. The news, which was 13 percent higher than October last year, cheered traders,

In the second quarter ended September, the service sector trade surplus of our country has increased to 26.00 percent. In the previous June quarter, there was no such growth,

The news that the bilateral talks between India and Sri Lanka regarding the Economic and Technical Contribution Agreement have resumed after five years also brought honey to the traders' ears.

Due to festivals and other economic development activities, the electricity demand of our country. Power sector stocks rallied after the data showed a 22 percent growth to 15,804 crore units in October.

All indices ended in the green as euphoria spread across all sectors of the stock market.

Positive factors, including the US Federal Reserve's decision to maintain steady interest rates, a decrease in US bond yields, and stabilized crude oil prices, contributed to this resurgence.

Interestingly, mid and smallcap stocks outperformed their larger counterparts during this period.

Comments

No tax on gold, gold prices plummet

New Delhi, Aug. 13-Gold prices fell by nearly two percent in the international market yesterday after US President Trump announced that there would be no tax on gold. Gold price gold price fall reasons The US Customs Department issued a statement last week that the tax would also apply to gold bars . Following this, prices rose sharply. The price of one ounce of gold, i.e. about 28.35 grams, reached a new high of Rs 3 lakh. White House sources said at the time that the tax would be applicable and that an official clarification would be made soon. Following this, Trump announced on his Truth Social social networking site the day before yesterday that 'there will be no tax on gold '. This announcement allayed investors' fears regarding price hike, leading to high selling of gold. Following this, the price of one ounce of gold fell below Rs 2.90 lakh. The international market situation was also reflected in India. In the last 2 days in Chennai, the price of 22-ka...

At one time, the tax rate in India was 97.50

Many feel that foreign countries tax the rich very heavily and India does not. But did you know that at one time India had to pay 97.50 percent of income tax? Indira Gandhi What is the historical tax rate in India Debates such as distribution of wealth and introduction of inheritance tax have arisen and are currently being discussed in a frenzy. But, in our country, 50 years ago, maximum tax was collected up to 97.50 percent. There was such a period in India. During Indira Gandhi's tenure as Prime Minister, income tax in India was as high as 97.50 percent. However, this collection came to an end shortly after. Indira Gandhi saw taxation as an important mechanism to balance income and wealth. Based on this, in February 1970, he presented the budget in Parliament and addressed it. Social welfare was the theme of the budget. Since the green revolution was taking place, various announcements related to the agriculture sector were included in the budget. A huge sum...

This gold price is not permanent.

This gold price is not permanent, but when people think of a problem in the country, they buy gold first. It is good to buy as much as needed, but buying too much is foolish. When there is a famine, the things they buy are food, clothing, and money. If we don't have money, it is difficult to sell gold for urgent needs. Gold price Gold market crash history Will there ever be a situation where gold , which has been rising very, very rapidly in a short period of time, will become a commodity? Studies on gold say that it may come. If we look at the price of gold over the past 50 years, rather than just 10 or 20 years, it seems that what you are saying has happened. That is, in September 1980, the price of 1 ounce of gold touched $666. 19 years later, in September 1999, the same 1 ounce of gold was sold for $255. A 62 percent decline. An ounce did not touch $666 again until 2007. That is, 27 years later. Next, in 2012, 1 ounce of gold touched $1,772. But, in just three ye...

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