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Hey there! Welcome to The Market Adda, a one stop portal for market analysis, Tax updates analysis, Economic and Monetry Policies Analysis, Financial news and Beginners Finance knowledge Guide. The Market Adda is a multi-area finance blog by passionate Finance Students with the aim of simplifying the market analysis for layman and beginners. Keep checking out regularly to stay updated!

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Market Analysis 2/08/2017

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The Nifty rallied to a fresh record high of 10,137.85 on Wednesday but saw selling pressure soon after the Reserve Bank of India (RBI) slashed key rates by 25 bps and made a bearish candle, which closely resembles a Bearish Belt Hold kind of pattern, on daily charts. A Bearish Belt Hold pattern is formed when the opening price becomes the highest point of the trading day, which in Wednesdays trading session was a record high of 10,136.30 and rose slightly to a record high of 10,137.85. After opening, the index then witnesses selling pressure throughout the trading session. In this pattern, there is small or no upper shadow and the index declines throughout the trading day which makes up for the large body and a small lower shadow. In Wednesday's price action, Nifty50 opened at 10,136.30, which was slightly below its record high of 10,137.85. Hence, there was no or insignificant upper shadow. It slipped over 80 points to touch its intraday low of 10,054.20 which made a ...
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Major Tax Updates As On 20th July 2017

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MAJOR TAX UPDATES Income received by the Assessee from letting of the premises - premises are furnished and centrally air conditioned - ITAT was correct in holding that the rental income should be treated as income from other sources - deduction in terms of Section 57 (iii) allowed - HC - Income Tax NO TDS on GST component - wherever the component of GST on services is indicated separately in the Invoice - tax shall be deducted at source under Chapter XVII-B of the Act on the amount paid or payable without including such GST on services component - Circular - Income Tax Just because appellant carried out ancillary activities of loading unloading etc. which is not the essential character of the activity contracted to him but only ancillary to the main work of transportation of break-bulk cargo it would not be just and proper to bring such activity within the fold of Cargo Handling Service . - Service Tax
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Market Analysis 25/07/2017

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Sensex slipped by 17.60 pts today and arrived at 32228.27 pts. The intraday index was somewhere between 32230 and 32225. Amongst the top gainers was the Axis bank with 1.96% rise, Bharti Airtel with 1.76% rise, TCS (1.50%), Tata steel and Adani Ports SEZ, etc. Nifty finally crossed 10000 mark today to give a historic touch today. However, it slipped by 1.85 pts as compared to last day index to arrive at 9964.55 pts at the closing bell. Experts say that a downfall will be seen for next few sessions too at Nifty index. Idea Cellular, Vedanta ltd, Shriram Transport, etc. were amongst the top gainers while the top losers were Zee Entertainment, Power Finance Corporation, Glaxosmithkline Pharmaceuticals, etc. Gold prices fell by ₹6 to arrive at ₹28423 while USD was ₹64.38 (rised by ₹0.04). Crude Oil rised by ₹55 is currently ₹2987/barrel.
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