Snehal khanna Blog

Markets eyeing details on fiscal math, increased focus on infra, LTCG on equity investments BUDGET NEWS  :           The current marketplace rally a month before the finances proposals are announced on February 1 is the great in over a decade, with the S&P BSE Sensex and the Nifty50 indices gaining over six consistent with cent to date in calendar 12 months 2018 and crossing the 36,000- and 11,000-degrees, respectively, for the first time ever on Tuesday. though most analysts do now not count on the proposals to be highly populist, brokerages would keep a near watch on how the government manages the economic state of affairs a 12 months before the united states of america is going to polls scheduled in may additionally 2019, and changes, if any, to the prevailing norms of long-time period capital profits tax (LTCG) on equities. while analysts peg the fiscal deficit for FY19 to be round three.2 per cent, any chan...

Key challenge to come from the launch of 4G feature phones by the RIL subsidiary, say analysts LATEST NEWS :  The share prices of Bharti Airtel and Idea Cellular gained on Wednesday, on the expectation of the new rate plans announced by Reliance Industries’ (RIL) telecom subsidiary, Reliance Jio (Jio), leading to improvement in their operating metrics. The price plan announced by Jio on Tuesday is estimated to be 30-57 per cent higher than earlier promotional offers. Brokerages say this is positive and a clear indication of rationalisation of pricing. Analysts at UBS say the first Jio price increase in almost 12 months supports the brokerage view that sector revenues are close to bottoming out, with the top three operators and Jio expected to incrementally take share from smaller entities. Credit Suisse in a note said the new Jio rates would start the process of normalising these from the current discounted levels. Also indicating that RIL is looking at monetising its...