Tue, Nov 26, 2024 5:00 PM
Accumulate Symphony; target of Rs 1519: Geojit Financial Services
A Flip by Avya Verma
Pankaj Chaudhary, minister of state in the ministry of finance said in Lok Sabha on November 25, 2024, that the government collected Rs 4792.4 crores as Goods and Services Tax (GST) on education services which are not exempt under GST in FY 2023-24. The Service Accounting Code (SAC) for this is 9992 on which 18% GST rate is levied.
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Nippon Life India Asset Management has acquired two commercial properties from Lodha Developers for Rs 486.03 crore, comprising 52,162 square feet of space with 43 car parking spots at One Lodha Place in Lower Parel, Mumbai. The deal highlights the trend of BFSI sector firms buying entire buildings for self-use in prime locations.
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Nifty50 fell 27 points to finish at 24,195 and formed a bearish candle with a small shadow, resembling the Bearish Belt Hold candlestick pattern on daily charts. The index faced a hurdle at 24,350 (which somewhat coincides with 10- and 20-week EMA) for another session. Further upward movement towards 24,550 (around the high of November) is possible only if index closes and sustains above 24,350.
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