Snehal khanna Blog

Catch all live market action here LATEST NEWS :    Benchmark indices tumbled on Friday because the lengthy-term capital gains tax on equities investments dampened sentiment, even as bonds slid for a 2d consecutive session on worries the significant bank could become greater hawkish on inflation   . The susceptible sentiment came an afternoon after the authorities unveiled its price range for the 12 months beginning in April that raised spending for rural sectors and healthcare, widening the monetary deficit goal to 3.three% of gross home product from the previous three.0%. The authorities additionally unveiled a 10 percent tax on lengthy-time period capital profits in equity markets  . investors worried that higher spending and the government’s flow to elevate minimum help costs for crops could lead to better retail charges at a time when purchaser charge inflation has already hit a 17-month high of 5.21%, properly above the Reserve bank of India’...

Brokerages like Kotak Securities say the Modi govt may make it harder for investors to claim exemptions on capital gains from equity investments BUDGET NEWS  : The taxman may additionally emerge as being a speed bump for the Indian stock market place, which like its opposite numbers across the world has marched to more than one facts within the beyond 12 months. Brokerages including Kotak Securities say high Minister Narendra Modi's administration can also make it harder for traders to say exemptions on capital profits from equity investments when the federal budget is announced on February 1. Modi's circulate in 2016 to scrap high-price forex payments and the implementation of the new income tax closing July have hurt demand and sales, forcing the authorities to borrow greater. "The authorities has to find avenues for producing additional revenue to bridge the monetary deficit," Shefali Goradia, partner at Deloitte Touche Tohmatsu India LLP, said in ...

The S&P BSE Sensex ended at 33,149, down 453 points while the broader Nifty50 index settled at 1,226, down 134 points LATEST NEWS : The benchmark indices logged the biggest single day fall in 2 months on Thursday after the Apr-Oct fiscal deficit data, coming in at 96% of the budgeted target for FY18, unnerved investors. The derivatives expiry of November series also hurt sentiment, while investors awaited the September quarter GDP data due later in the day. The S&P BSE Sensex ended at 33,149, down 453 points while the broader Nifty50 index settled at 1,226, down 134 points. "The market started off on a weak note and saw sharp sell-off in frontline index towards the end of the trading session ahead of the GDP data. Negative trend in Asian markets and domestic fiscal deficit data impacted sentiments. However, the broader markets indices outperformed," said Jayant Manglik, President Retail Sales, Religare Securities. "While the overall sentim...