Kamal Kant wealth craft

The Nifty index reached a new all time high of 22,993 🥁

The Nifty 50 closed at 22,967.65 on May 23, 2024, marginally short of its all-time high of 22,993.60.

This upward trajectory suggests the Nifty 50 may reach new heights soon

What Caused Nifty to Skyrocket to New Highs? 🚀📈

Possibly due to these 3 reasons

♦️1 - Investors seem more confident about the stability of the government. Also our PM and home minister statements -" market will see new high after 4 June " might be the reason

The Nifty hitting a new record is the market’s message of political stability after the elections. The rally is healthy since it is led by fairly valued large-caps," said V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services.

♦️2- RBI Showering Cash : The market sentiment appears to have got a boost after the Reserve Bank of India (RBI) announced a record ₹2.11 lakh crore dividend to the Centre for FY24.This indicates a better fiscal position

♦️3- Strong banking performances: Recent strong financial results from major banks have instilled confidence in the banking sector. Banking giants like HDFC, ICICI, and Axis Bank led the surge in both Sensex and Nifty.


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Kamal Kant wealth craft
Wealth craft Kamal kant

Mutual fund advisor | gurugram | gurgao

📝 Key takeaways from Interim Budget 2024 📝

🔸 FY25 capex target set at Rs 11.1 lakh crore, up 11.1%
🔸 No change in direct, indirect taxation
🔸 FY25 fiscal deficit target set at 5.1% of GDP
🔸 FY24 fiscal deficit revised down to 5.8% of GDP
🔸 Focus on four major pillars -- poor, women, youth and annadatas
🔸 Tax receipts estimated at Rs 26.02 lakh crore in FY25
🔸 Average GST monthly collection has doubled to Rs 1.66 lakh crore
🔸 Projects for tourism to be taken up in islands including Lakshawdeep
🔸 Govt to support EV manufacturing, charging infrastructure
🔸 Golden era for tech-savvy youth, 50-yr interest free loans to be rolled out
🔸 Ayushman Bharat cover extended to all Anganwadi and Asha workers
🔸 Govt to help in provide housing for middle class
🔸 India-Middle East-Europe corridor a game changer for India and others.
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Wealth craft by Kamal Kant

No change in tax slab

Hot IPOs on the Horizon: Can They Beat Tata's listing gain record.📈

🔔The Indian market is buzzing with upcoming IPOS, and investors are eager to know if any of them can replicate the blockbuster listing of Tata Technologies (TT), which saw its shares soar + 140% Gain on the first day.

❓ The Big Question: 🤔💭

Will any of these IPOs be able to beat Tata's listing gains? 👀 It's tough to say for sure. Each company operates in a different sector, with its own unique set of risks and opportunities.

However, some experts believe that a few of these IPOs have the potential to outperform Tata. For example, DOMS IPO and Motisons Jewellers have strong financials and are in sectors that are currently in favor with investors.

What do you think? Will any of these upcoming IPOs beat Tata's listing gains? Share your thoughts in the comments below!

Knock ! Knock !! Moon🌕 Chandrayaan 3 is coming🚀

The RULE of SIP 📈 for GOOD Returns 💯

🇮🇳 Happy Independence Day 🇮🇳

India's share in World GDP

Investment idea by Narendra Modi

Wipro share buyback sees 77.4% acceptance among retail investors. The closing price of Wipro shares as on the record date was ₹381.30 apiece. This gave investors double digit returns of 16.7% within less than a month.