Today, 4th April 2023, in a Nutshell
News
Indian stock and currency trading markets were shut today on account of Mahavir Jayanti.
There is no updates on Sensex, Nifty 50 and USD-INR exchange rate.
Commodity trading was open for the evening session.
There will be updates on gold, silver, Dow Jones and Nasdaq…[ Read More ]…
Sensex HOLIDAY
Nifty HOLIDAY
Indian stock and currency trading markets were shut today on account of Mahavir Jayanti.
There is no updates on Sensex, Nifty 50 and USD-INR exchange rate.
Commodity trading was open for the evening session.
There will be updates on gold, silver, Dow Jones and Nasdaq.
Top News Today:-
+India has reduced windfall tax on crude oil from Rs 3,500 per tonne to Rs 0. Windfall tax on diesel has been cut to Rs 0.50 per litre.
+Unclaimed deposits worth Rs 35,012 cr have been transferred to the RBI. (More information in Word of the Day).
+Asian Development Bank (ADB) reduced India’s growth estimate for FY24 to 6.4% from 7.2%. World Bank also reduced its forecast to 6.3% from 6.6%.
Stocks in the news:-
IEX: IEX’s total trade volume fell 4% to 9,212 million units in March 2023 vs March 2022. It rose 12% when compared to Feb 2023.
HDFC Bank: gave Rs 16 lakh cr worth of loans at the end of the Jan-March quarter – 16.9% higher than last year.
1 Day Change
| Gold: | Rs 59,977 ▲ 0.16% – at 6 PM |
| Silver: | Rs 72,325 ▼ 0.32% – at 6 PM |
| USD-INR: | HOLIDAY |
| Dow Jones: | 33,601.15 ▲ 0.98% – 3 April |
| Nasdaq: | 12,189.45 ▼ 0.27% – 3 April |
A fall in the USD INR rate indicates that the Rupee is getting stronger as compared to the US dollar, hence it is presented in green. A rise represents weakening of the Rupee as compared to the US dollar, hence it is shown in red.
Long-Term: 20-Year Returns
Returns in INR for Sensex & Nifty and in USD for Dow Jones & Nasdaq – not directly comparable.
Unclaimed Deposits
Word of the Day
Any amount kept with banks that is not claimed in 10 years, is said to be an unclaimed deposit.
Some common reasons why people don’t collect their money is the absence of nominee details and non-closure of accounts that are no longer being used.
Funds in such bank accounts are transferred to the RBI where it is utilised for depositor education and awareness.
Featured Question
“What is difference between NSE and BSE and purchase of stocks under them?
As an investor, there is practically no difference.
They are different locations to buy the same. You can buy a stock from BSE and sell on NSE and vice versa.
The price on both exchanges are mostly the same or almost the same.
It’s like buying a Samsung phone. You can buy it from a Samsung showroom or you can buy it from Reliance Digital.
You’re buying the same phone from different shops.
Do note, there are a few stocks that are available only on BSE or only on NSE.