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** Govt cuts INTEREST RATES of Small Savings Schemes ** With effect from April 1, 2021, post o􀂃ice saving schemes will fetch interest rates as follows: Public Provident Fund (PPF) - 6.4 per cent down from 7.1 per cent earlier, National Savings Certificate (NSC) - 5.9 per cent, down from 6.8 per cent earlier, Sukanya Samriddhi Yojana (SSY) - 6.9 per cent, down from 7.6 per cent earlier. Post office time deposit rates across tenures have been reduced by 0.40- 1.1% and will earn in the range of 4.4- 5.3%. This is the second time the government has cut interest rates on small savings schemes in the past one year. In the April-June quarter of 2020-21, the government had slashed rates of small savings schemes by 70-140 bps. (100 bps= 1 per cent). With the latest cut, interest rates on small savings schemes have been reduced by a total of 110-250 bps during the current 􀂄financial year. Here is a look at the interest rates on various small savings schemes for the fourth quarter of FY 2020-21.
NSE:NIFTY
by Shruti_Advisory
Bank Nifty Outlook for Wednesday, 29th July | 50x InvestmentsBank Nifty - Technical Analysis: Bank Nifty started off the day with a gap-up opening but soon corrected over 1.7% within an hour. The bears then started booking their profits due to which Bank Nifty retraced upward before settling near the day's high. On the hourly chart, Bank Nifty gave a failed breakout above the EMA20 line and formed a red candle after it. This implies that there is some bearish strength remaining before the market corrects upwards. Market - Driving Factors: Ultratech Cement closed in the green by over 7% on the back of better than expected Q1FY21 results. These results also rubbed off on other realty firms with Prestige Estates ending over 12% up. Nestle India reported a 11% increase in net profit on a YoY basis which was less than the street estimates due to which the stock ended in the red by over 1.4%. Hopes of a fresh stimulus to be issued by the US Government kept the bulls optimistic and the Indian indices in the green. Bank Nifty - Outlook for Wednesday, 29th July: Bank Nifty might continue its upward retracement due to further profit booking by the bears given the hopes of a second stimulus by the US Government. 22216 (38.2% retracement level) will act as a strong resistance level for Bank Nifty tomorrow. Airtel, Parle, Maruti and TVS Motors are scheduled to announce their results tomorrow. These results might affect the market sentiment in general and thus have a bearing on Bank Nifty as well.
NSE:BANKNIFTY
by Algokart
1
NBCC DailyA mega project was awarded to State-owned construction firm NBCC Ltd worth Rs 3,200 crore project from the union finance ministry to develop a residential-cum-office complex in Mumbai.The prices had been showing some promise for the past few days but were curbed by the median line. However the strong breakout above the median line does spell well for the prices.Further the ADX and positive DI lines are inching higher suggesting that there could be more upside seen in this counter in the coming days. One could look at a potential target of 235 and look to participate at current levels and on dips towards 215-213.
NSE:NBCCLong
by Raja_Chart_Advise