Latest news with #CDSL
Mint
2 days ago
- Business
- Mint
Closing Bell! Eternal to IndusInd Bank - Prashanth Tapse suggests 3 stocks to buy in the short term
Stock market today: Indian benchmark indices dipped on Friday, as declines in information technology stocks, influenced by renewed uncertainty regarding US tariffs, overshadowed the optimism ahead of domestic growth data set to be released later in the day. The Nifty 50 fell by 0.34% to 24,743.45 at 15:02 IST, while the Sensex decreased by 0.27% to 81,391.38. IT firms, which obtain a significant portion of their revenue from the United States, declined by 1% after an appeals court temporarily reinstated the most extensive tariffs imposed by President Donald Trump. On the technical front, Prashanth Tapse of Mehta Equities believes that if Nifty 50 moves above 25,000 with good momentum, we could witness gains in the upcoming trading sessions. Tapse has recommended buying the below three stocks in the short term. Nifty 50 continues to look positive after closing above the 24,800 level. The index has strong support at 24,700, and as long as this holds, the uptrend is likely to continue. On the upside, 24,900 and 25,000 are important resistance levels. If Nifty 50 moves above 25,000 with good momentum, we may see further gains in the coming sessions. Resistance: 24,900 – 25,000 Bank Nifty is moving sideways but shows slight bullishness. It has a solid support level near 55,000. On the higher side, 55,550 and 55,875 are key resistance levels. A close above 55,875 could start a fresh upward move, but until then, the index may stay in a range with buying opportunities on dips. Resistance: 55,550 – 55,875 Prashanth Tapse recommends buying these three stocks in the short term - Eternal Ltd, Central Depository Services Ltd (CDSL), and IndusInd Bank Ltd. Eternal share price has been consolidating in a narrow range and has now shown signs of a breakout above ₹ 230, indicating a potential short-term rally. The RSI (14) is rising, reflecting increasing bullish momentum, while the MACD is about to trigger a positive crossover, supporting the upward trend. The price action suggests accumulation at lower levels, and any dip towards ₹ 225–228 should attract buying interest. A move above ₹ 235 can lead to a swift rally toward ₹ 250. The risk-reward remains favourable with a stop loss placed at ₹ 222. Overall sentiment and technicals support a near-term bullish outlook. CDSL share price has shown strong price strength after rebounding from support at ₹ 1,490, backed by a noticeable rise in volumes. The breakout above ₹ 1,530 indicates bullish continuation. RSI (14) at 64 reflects positive momentum, while MACD crossover confirms the ongoing uptrend. As a key player in the booming depository and fintech space, CDSL stands to benefit from rising investor participation. The technical structure points toward a potential move to ₹ 1,650 in the short term. Any intraday dip toward ₹ 1,520–1,530 can offer a buying opportunity. Maintain a stop loss at ₹ 1,495 for risk management. IndusInd Bank share price has bounced back smartly from the ₹ 795 support zone, indicating strong buying interest at lower levels. The stock has reclaimed its short-term moving averages and is showing signs of bullish reversal. RSI (14) has crossed 60, and MACD has turned positive, both suggesting further upside. With Bank Nifty trending higher, IndusInd is well-placed to participate in the rally. The next hurdle lies around ₹ 835, above which a move toward ₹ 870 appears likely. Strong fundamentals, improved asset quality, and positive sentiment in the sector support this view. Keep a stop loss at ₹ 795 to limit downside risk. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Economic Times
2 days ago
- Business
- Economic Times
Breakout, volume surge make CDSL a buy, says Shivangi Sarda of Motilal Oswal
'Gradual recovery in volume growth, along with increased retail participation can be seen which is supporting the ongoing growth trajectory of exchange platforms such as CDSL. Traders can buy for a target of Rs 1585 in the next 2-3 weeks,' Shivangi Sarda, Analyst, Derivatives and Technical Research, Motilal Oswal Financial Services Ltd, said. Show more 07:08 01:38 04:40 03:48 02:17 06:32 01:25 02:35 04:55 06:21 04:31 01:40 06:04 05:39 07:05 02:22 05:26 01:45 02:41 02:40 01:29 05:00 03:14 04:45 06:38 01:11 04:28 06:32 02:23 01:51 04:40 02:05 05:11 01:54 01:23 05:12 02:10 06:05 06:41 03:03
Time of India
2 days ago
- Business
- Time of India
Breakout, volume surge make CDSL a buy, says Shivangi Sarda of Motilal Oswal
'Gradual recovery in volume growth, along with increased retail participation can be seen which is supporting the ongoing growth trajectory of exchange platforms such as CDSL. Traders can buy for a target of Rs 1585 in the next 2-3 weeks,' Shivangi Sarda, Analyst, Derivatives and Technical Research, Motilal Oswal Financial Services Ltd, said. Show more Show less
Mint
20-05-2025
- Business
- Mint
Shares to buy in short term: Mehta Equities' Riyank suggests Tata Tech, CDSL, Caplin Point stock to buy
Stock market today: Indian stocks were relatively flat on Tuesday, with the benchmarks staying within a narrow range for the third consecutive session due to a lack of new catalysts, as investors looked for more information on India-U.S. trade talks. The Nifty 50 was down 0.18% at 24,900.65, while the Sensex dipped by 0.24% to reach 81,865.70 points by 11:21 IST. Analysts pointed out that the US markets are under pressure, primarily due to the ongoing repercussions of the tariff disputes from President Trump's tenure. The tariff strategy, imposing at least a 10 percent duty on nearly all imports into the US, has sparked worries regarding the future of global commerce. The repercussions of this trade approach are being felt in financial markets worldwide, including those in India. Riyank Arora of Mehta Equities believes Nifty 50 to move higher towards 25,300–25,400 in the near term. Arora recommends Tata Technologies, CDSL, and Caplin Point Laboratories shares to buy. Nifty 50 continues to trade with a positive bias, showing strong support around 24,500, while immediate support lies at 24,800. On the upside, 25,115 remains a major resistance level. If the index manages to stay above 24,800, it is likely to move higher towards 25,300–25,400 in the near term. The overall trend is bullish, supported by strong market breadth and buying in large-cap stocks. Traders are advised to follow a buy-on-dips strategy as long as the key support levels are intact. Momentum indicators such as RSI are also pointing upwards, suggesting continued strength in the short to medium term. Bank Nifty is showing solid strength, trading firmly above 55,000 levels. Immediate support is seen at 55,170, with major support placed at 54,400. On the upside, the index faces resistance near 55,700, and a breakout above this could trigger a move towards new highs. The index remains in a strong uptrend, backed by sustained buying in major banking names. RSI and other indicators are showing strength, and the price is well above key moving averages. The outlook remains positive, and short-term traders can consider buying on dips for potential gains as long as 54,400 is not breached. Riyank Arora recommends these three stocks in the short term - Tata Technologies Ltd (Tata Tech), Central Depository Services Ltd (CDSL), and Caplin Point Laboratories Ltd. Buy at ₹ 760 | Stop Loss ₹ 700 | Target ₹ 850 Tata Tech has given a strong breakout above the key resistance level of ₹ 750, backed by rising volumes. This move reflects renewed buying interest and continuation of the ongoing uptrend. The stock is forming a pattern of higher highs and is trading above its key moving averages, reinforcing the bullish sentiment. The Relative Strength Index (RSI) stands at 68, indicating solid momentum while still below the overbought zone. As long as the stock maintains above ₹ 700, it is likely to head toward ₹ 850 in the short term. Investors can consider buying on dips, supported by favorable technical indicators. Buy at ₹ 1,450 | Stop Loss ₹ 1,400 | Target ₹ 1,600 CDSL has witnessed a decisive breakout above its resistance at ₹ 1,430, with rising volumes and a positive shift in momentum. The stock is coming out of a consolidation phase, pointing to the beginning of a new upward trend. The RSI is currently at 69, suggesting strong bullish momentum. Additionally, the MACD has shown a positive crossover, confirming a potential trend reversal. These indicators collectively support a short-term bullish view. With no major resistance till ₹ 1,600, and as long as ₹ 1,400 holds as support, CDSL remains a strong candidate for short-term gains. Buy at ₹ 2,161 | Stop Loss ₹ 2,000 | Target ₹ 2,600 Caplin Point has broken out above the ₹ 2,100 level, signaling the end of a consolidation phase and the start of an upward move backed by healthy volumes. The stock has also been trading well above its key moving averages, which further supports the bullish trend. The RSI is at 71, showing strong momentum, though slightly in the overbought zone. However, the strength in price action and consistent buying interest suggest more upside. As long as it holds above ₹ 2,000, the stock is likely to continue trending higher. The next potential resistance is around ₹ 2,600, making it an attractive short-term buy. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Mint
15-05-2025
- Business
- Mint
Gifting mutual funds: How does it work and how can you transmit them to legal heirs
Gifting mutual fund (MF) units to your loved ones is a great way of showing your affection. But gifting MFs does not work like other assets such as land, buildings, jewellery and cash. You have to follow clearly laid down procedures specified by the regulators. Here is a guide on how MFs can be gifted and the tax implications for the donor and the receiver. Unlike gifting assets such as property and gold, MFs cannot be transferred easily. If you have a demat account, you can gift your MF units to your loved ones by following some simple steps. If the MF units are not held in a demat account, they have to be converted into a demat form as only after this they can be transferred to the beneficiary. You have to first move your MF units to your demat account if you intend to gift them to your spouse, children, siblings or loved ones. Here are the steps to transfer your MF units to your demat account and then to the receiver of the gift. This can be done through offline or online mode. Get a Conversion Request Form (CRF) from your depository participant (DP). Fill out the CRF with your details and information about MF units. Submit the form and your MF account statement to your DP. The DP will process the transfer with the fund's registrar. Log into your demat account online. Go to the mutual funds section and select the transfer option. Choose the fund and number of units to transfer. Select your demat account as the destination. Review and submit the request. Currently, mutual fund units held in dematerialized (demat) mode are freely transferable, according to the Association of Mutual Funds in India (AMFI). So, you can gift MF units to your loved one if she/he also has a demat account (either with CDSL or NDSL, the depository participants or DP). All you have to do is fill up a 'Delivery Instruction Slip' (DIS), which is an instruction to transfer your MF units to another demat account, and submit it to your DP. You have to provide all the relevant information including the receiver's demat account details. A transaction fee of 0.03% of the transfer value or ₹ 25 whichever is higher plus a GST of 18% is levied for transferring MF units from one demat account to another. Additionally, a stamp duty of 0.015% is applicable for all transfers. If you want to gift MF units to your minor daughter or son on her/his birthday, then you can buy units in your child's name and you can be the guardian. But once the children reach the age of 18, they will gain full control of the investments as it will officially become their money. If MF units are held in a non-demat form, they cannot be directly transferred to another person except in the case of the investor's death. Regulators have framed stringent rules as transfer of mutual funds involves changing ownership or control from one investor to another. The restrictions on transferring mutual funds have been put in place to protect investors and maintain market integrity. If free transfers are allowed, it could potentially lead to misuse, such as money laundering or tax evasion. Further, MFs are designed to be easily bought and sold in the open market negating the need for direct transfers as units can be easily sold and repurchased. In case of the primary investor's death, MF units are transferred through a process called transmission. Here is how transmission of MF units happens. If there is a co-applicant for the investment: Units are automatically transferred to the co-applicant. Without a co-applicant: MF units are transferred to the nominee or legal heir, after all relevant documents including the death certificate are submitted. You have to provide these documents and information to get the transfer done. Death certificate of the deceased KYC details of the nominee or legal heir New bank account details Indemnity bond (for large amounts) Specific requirements could vary depending on the mutual fund house and the number of unit holders. Moreover, nominating a beneficiary is now mandatory for mutual fund investments. If a nominee is not specified, investors must submit a written declaration about the same. Gifting MF units is taxable under the 'Income Tax Act'. But there are exemptions. Gifts from relatives (spouse, children and siblings) are fully exempt irrespective of the amount involved. If MF units are gifted to non-relatives and if the value of such a gift exceeds ₹ 50000, the entire amount is taxable at the hands of the receiver. If the recipient sells the gifted MF units later, it will attract capital gains tax. The cost and holding period of the donor will also be considered for capital gains tax. Any income or gains generated from MF units gifted to a minor child or spouse will be taxed in the hands of the donor. But if the gift is given to parents, adult children and siblings, then it will be taxed in their hands. Allirajan M is a journalist with over two decades of experience. He has worked with several leading media organisations in the country and has been writing on mutual funds for nearly 16 years.
