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News18
12 hours ago
- Business
- News18
Stock Market Updates: Sensex Tanks Over 700 Points, Nifty Below 24,950 Mark In Pre-Open
Last Updated: Indian benchmark indices Sensex and Nifty are expected to open on a cautious note today Sensex Today: Indian benchmark indices Sensex and Nifty are expected to open on a cautious note today, as a sharp rise in crude oil prices and escalating geopolitical tensions weigh on investor sentiment. The situation intensified after the United States directly entered the Israel-Iran conflict with strikes on Iranian nuclear facilities, sparking fears of a broader regional war and unsettling global markets. Adding to the pressure, mixed global cues and institutional fund flows are likely to influence market direction in today's session. As of 8:20 AM, GIFT Nifty futures were trading 112 points lower at 25,111, indicating a gap-down start for domestic equities. Global Cues Asia-Pacific markets tumbled on Monday following the US airstrikes on three Iranian nuclear sites, which raised the spectre of a wider conflict in the Middle East and drove oil prices higher. Brent crude rose 2.62% to $79.06 per barrel, while West Texas Intermediate (WTI) gained 2.75% to $75.89 per barrel. Oil prices have been on an upward trend in recent weeks due to rising geopolitical instability in the region. Gold also surged amid the uncertainty, jumping 2.95% to $3,379.60 per ounce as investors flocked to safe-haven assets. In equities, Japan's Nikkei dropped 0.74%, while the broader Topix fell 0.64%. South Korea's Kospi lost 1.22%, and Australia's ASX 200 declined 0.76%. US stock futures retreated during early Asian trading hours. Dow Jones futures were down 0.3%, while S&P 500 and Nasdaq 100 futures slipped 0.3% and 0.4%, respectively. On Wall Street last Friday, two of the three major indices closed in the red. The S&P 500 shed 0.22%, marking its third consecutive loss, and the Nasdaq Composite dropped 0.51%. The Dow Jones Industrial Average, however, inched up by 0.08%. About the Author Aparna Deb Stay updated with all the latest news on the Stock Market, including market trends, Sensex and Nifty updates, top gainers and losers, and expert analysis. Get real-time insights, financial reports, and investment strategies—only on News18. First Published: News business » markets Stock Market Updates: Sensex Tanks Over 700 Points, Nifty Below 24,950 Mark In Pre-Open
News18
05-06-2025
- Business
- News18
Bank Holiday Tomorrow: Will Banks Remain Closed On June 6 Or 7 In Your City? Check List
Last Updated: National Holiday On June 6: Banks across several parts of India will remain closed for two days this week in observance of Eid-ul-Ad'ha Bank Holiday June 6: Banks across several parts of India will remain closed for two days this week in observance of Eid-ul-Ad'ha (Bakrid) and Bakri ID (Id-Uz-Zuha). As per the Reserve Bank of India (RBI)'s holiday calendar, public sector and private sector banks will be closed on June 6 and June 7. Additionally, banks nationwide will remain shut on Sunday, June 8, due to the regular weekly holiday. Customers and account holders are encouraged to check the RBI's holiday calendar regularly, as bank holidays in India vary by state and are influenced by national, regional, and religious festivals. Some holidays are nationwide, while others are specific to certain states. June 2025 Bank Holiday Schedule June 6 (Friday): Banks in Thiruvananthapuram and Kochi will be closed to mark Bakrid, an Islamic festival commemorating Prophet Ibrahim's devotion and willingness to sacrifice his son. June 7 (Saturday): Most banks across the country will remain closed for Bakrid, except in Ahmedabad, Gangtok, Itanagar, Kochi, and Thiruvananthapuram. These cities will have normal banking operations since it's the first Saturday of the month (only second and fourth Saturdays are bank holidays). June 8 (Sunday): Nationwide bank holiday as part of the regular Sunday closure. top videos View All Are online banking services available? Yes, online banking services will be fully functional on these days. Customers can carry out financial transactions using UPI, internet banking, and mobile banking services. Facilities like money transfers (NEFT/RTGS), demand drafts, cheque book requests, and card services will remain accessible online, even on these bank holidays. About the Author Aparna Deb First Published: June 05, 2025, 10:13 IST Latest News iPhone 17 Display Upgrades Could Miss Out On This Useful Feature: How It Matters Tech Agency feeds HC-CASES Agency feeds Rupee falls 9 paise to 85.96 against US dollar in early trade Agency feeds Man kills wife in Thane, absconds; police launch probe Agency feeds Sunny morning in Delhi, rain likely latest news
News18
04-06-2025
- Business
- News18
ITR E-Filing FY2024-25: ITR-1 And ITR-4 Enabled For Online Filing; Check Who Can File?
Last Updated: The Income Tax Department has activated the online utility for e-filing income tax returns for the financial year 2024-25 The deadline to file ITR is September 15, 2025. Income Tax Return Online Filing 2025: The Income Tax Department has activated the online utility for e-filing income tax returns for the financial year 2024-25 (assessment year 2025-26). Eligible taxpayers can now start filing their ITRs through the official e-filing portal. Currently, only ITR-1 and ITR-4 forms are enabled for online filing. Taxpayers needing to file ITR-2 or ITR-3 must wait until those forms are enabled. Choosing the correct ITR form is crucial for compliance and avoiding penalties. ITR-1 (Sahaj) Can be filed by a resident individual whose: Total income is up to ₹50 lakh. Income is from salary, one house property, family pension, and other sources (including interest income). Long-term capital gains (LTCG) up to ₹1.25 lakh under Section 112A. Agricultural income up to ₹5,000. ITR-4 (Sugam) For resident individuals, HUFs, and firms (other than LLP) with: Total income up to ₹50 lakh. Income from business/profession under presumptive taxation (Sections 44AD, 44ADA, or 44AE). Income from salary/pension, one house property, agricultural income up to ₹5,000. LTCG up to ₹1.25 lakh under Section 112A. When Will You Receive Form 16? Form 16 is vital for salaried taxpayers. Employers must issue it by June 15, 2025. While e-filing has begun, tax experts recommend waiting for Form 16 before filing. How to File ITR Online: Step-by-Step Though online e-filing is expected to open soon, here's the general process: Visit the e-filing portal and log in using PAN (User ID) and password. New users can register with PAN, Aadhaar, and contact details. Choose the Correct ITR Form Select the appropriate form (e.g., ITR-1 for salaried individuals). Go to the 'Income Tax Return' option under the e-File tab. Pre-fill and Validate Upload Documents Typically, documents like Form 16 are not uploaded but should be used to verify accuracy. Submit and Verify Complete filing and e-verify using Aadhaar OTP, net banking, DSC, or bank account EVC. About the Author Aparna Deb Aparna Deb is a Subeditor and writes for the business vertical of She has a nose for news that matters. She is inquisitive and curious about things. Among other things, financial markets, economy, More Stay updated with all the latest business news, including market trends, stock updates, tax, IPO, banking finance, real estate, savings and investments. Get in-depth analysis, expert opinions, and real-time updates—only on News18. Also Download the News18 App to stay updated! First Published:
News18
04-06-2025
- Business
- News18
Tata Technologies Shares Down 2.5% As TPG Likely Offloads 2.1% Stake Via Block Deal
Tata Technologies Share Price: Shares of Tata Technologies Ltd. opened lower on Wednesday, June 4, following a significant block deal in the Tata Group company. Tata Technologies Share Price: Shares of Tata Technologies Ltd. opened lower on Wednesday, June 4, following a significant block deal in the Tata Group company. Around 86 lakh shares, representing 2.10% of the company's overall equity, changed hands in the transaction, as per exchange data. On Tuesday, CNBC-TV18 reported that US-based private equity firm TPG planned to sell up to a 2.1% stake in the company through block deals. The offer price was reportedly set at Rs 744.5 per share, marking a discount of up to 3% from Tuesday's closing price. The buyers and sellers in this transaction have not been officially disclosed. As of the March quarter, TPG Rise Climate held a 6.01% stake in Tata Technologies. The company recently announced its March quarter results. Revenue declined slightly from the previous year to Rs 1,286 crore, while EBITDA slipped 2% year-on-year to Rs 233.5 crore, with the margin narrowing to 18.2%. advetisement Despite this, Tata Technologies reported a 20% year-on-year rise in consolidated profit after tax (PAT) to Rs 189 crore in Q4FY25, up from Rs 157 crore a year earlier. The company maintained tight control over its expenses, which stood at Rs 1,088 crore for the quarter—lower than Rs 1,119 crore in Q3FY25 and Rs 1,094 crore in the same period last year. This cost discipline supported double-digit profit growth on both a YoY and QoQ basis. Additionally, the board approved a final dividend of Rs 8.35 per equity share, along with a one-time special dividend of Rs 3.35, totaling Rs 11.70 per share for the financial year ended March 31, 2025. Tata Technologies shares ended Tuesday's session at Rs 768 on the NSE, down Rs 6.30 or 0.81%. The stock has underperformed the broader market, falling 26% over the last year and declining 13% so far in 2025. In contrast, the Nifty index has gained 5.5% and 3.4% over the same periods, respectively. Disclaimer:Disclaimer: The views and investment tips by experts in this report are their own and not those of the website or its management. Users are advised to check with certified experts before taking any investment decisions. About the Author Aparna Deb Stay updated with all the latest news on the Stock Market, including market trends, Sensex and Nifty updates, top gainers and losers, and expert analysis. Get real-time insights, financial reports, and investment strategies—only on News18. First Published: June 04, 2025, 10:26 IST
News18
04-06-2025
- Business
- News18
Stock Market Updates: GIFT Nifty Hints At Flat Open; RBI MPC Starts Today
Last Updated: Sensex Today: GIFT Nifty hints at flat open; Asian markets rise Sensex Today: The Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) meeting, starting today, along with India and US May Services PMI data, positive global cues, and institutional activity, are expected to support gains in benchmark indices Sensex and Nifty. At 8:10 AM, GIFT Nifty futures were up by 49 points at 24,724, hinting at a firm start for domestic equities. A Business Standard poll suggests that the RBI's six-member MPC is widely anticipated to cut the repo rate by 25 basis points to 5.75 per cent. Interestingly, State Bank of India (SBI) has forecast a more aggressive 50-basis-point cut. The three-day MPC meeting begins today, June 4, with the policy decision set to be announced on Friday, June 6. Global Cues Asian markets advanced on Wednesday, mirroring Wall Street's overnight rally driven by gains in tech stocks, especially chipmakers like Nvidia. Nvidia jumped nearly 3 per cent, extending Monday's rally and briefly surpassing Microsoft to become the world's most valuable company by market capitalisation. Other semiconductor stocks also moved higher, with Broadcom and Micron Technology gaining over 3 per cent and 4 per cent, respectively. advetisement South Korea's Kospi surged 1.85 per cent to a 10-month high as markets reopened after opposition leader Lee Jae-myung's presidential election victory. Japan's Nikkei rose 0.94 per cent, and Topix was up 0.43 per cent. Australia's ASX200 gained 0.70 per cent ahead of the release of Q1 GDP data. Economists polled by Reuters expect a 1.5 per cent year-on-year expansion, compared to 1.3 per cent in the previous quarter. Meanwhile, US futures traded flat after Tuesday's gains, buoyed by solid economic data and optimism in the tech sector. The S&P 500 advanced 0.58 per cent, the Dow Jones added 0.51 per cent, and the Nasdaq climbed 0.81 per cent, reflecting a resilient labour market despite concerns about tariffs. About the Author Aparna Deb Stay updated with all the latest news on the Stock Market, including market trends, Sensex and Nifty updates, top gainers and losers, and expert analysis. Get real-time insights, financial reports, and investment strategies—only on News18. tags : sensex First Published: June 04, 2025, 09:10 IST News business » markets Stock Market Updates: GIFT Nifty Hints At Flat Open; RBI MPC Starts Today
