Shares of IIFL Finance were trading lower in morning trade on Tuesday after the company and its core subsidiary, IIFL Home Finance, disclosed income tax assessment orders, with the subsidiary facing a Rs 963.39 crore tax demand.The stock was trading at Rs 671.20 on the NSE, down Rs 25.20 or 3.62 percent as of 10:14 am.The Rs 963.39 crore demand against IIFL Home Finance, including cess and surchar...

Let's catch up on the latest news from the stock market. From significant investments to major deals, quarterly earnings, order wins, and acquisitions, here’s a quick look at which stocks will be in focus in today's trade:Results TodayInfosys, InterGlobe Aviation, Cipla, Meesh, Motilal Oswal Financial Services, Mphasis, Chennai Petroleum Corporation, Cyient, Indian Energy Exchange, International...

The benchmark indices closed moderately lower on profit-booking on November 28, with slight weakness in market breadth. About 1,504 shares declined against 1,325 advancing shares on the NSE. The trend is expected to remain in favour of the bulls despite consolidation. Below are some short-term trading ideas to consider:Rajesh Palviya, Senior Vice President Research (Head Technical Derivatives) at ...

The market maintained its uptrend for four days on the trot, though there was profit booking in the late hour of trade. The market breadth was weak for another session, with 1,585 shares declining compared to 1,234 advancing shares on the NSE. Overall, the trend remains favourable for bulls, but some consolidation can't be ruled out given the healthy rally in the last few sessions. Below are some ...

Union Budget 2023 is just over a week away, and since this is the last full-year Budget before General Elections in 2024, it is expected to be a growth-oriented one with a primary focus on job creation, investment-driven growth, and infrastructure development. According to analysts at IIFL Securities, Finance Minister Sitharaman may announce more subsidies to customers to boost EV production which...