Market Analysis 26/07/2017

By -
At the closing bell today, Sensex rised by 154.19 pts and arrived at 32382.46 pts. The intraday index was somewhere above 32400 pts. Amongst the top gainers were the Tata Steel with 2.22% rise, Sun Pharma with 2.08% rise, ICICI by 2.07%. Other gainers were the Cipla, M&M, Hindustan Unilever, etc. Nifty finally crossed 10000 mark today to arrive at 10020.55 pts at the closing bell and leaves a historic impression of crossing the said 10000 mark. Though experts say that a downfall will be seen for next few sessions at Nifty index, still today the bullish candle was seen at Nifty. However, a continuous bullish candle may not end for long period and hence the bulls are adviced to be cautious. Bajaj Finance, Yes Bank, Godrej, etc. were amongst the top gainers while the top losers were Idea Cellular, Axis Bank, Pidilite Industry, Shriram Transport, etc.
Gold prices fell by ₹75 to arrive at ₹28327 while USD was ₹64.36 (fell by ₹0.02). Crude Oil rised by ₹44 is currently ₹3082/barrel.

Comments

Post a Comment

Popular posts from this blog

Looking to invest in Mutual Funds? Here's how to get your KYC done!

By -
Complying with the Know Your Customer or KYC norms is mandatory for every mutual fund's investor. It is important for an investor to submit their identity details to the mutual fund houses. AMC's are required to formulate rules and implement a customer identification program in accordance with the Prevention of Money laundering Act, 2002 (PMLA). These rules and regulation gets updated and is issued by SEBI from time to time. The KYC process is free for the investors. What are all documents required? Firstly, you need to get a KYC form which you can download from the various website. You can also ask for the form from a broker or an agent if you are dealing with any of them. After filling up the form, you need to provide self-attested copies of the following documents along with it you need to carry originals for In-person verification. => Proof of identity => Proof of Address => PAN Card => Photograph => Aadhaar Card, if required Where should you submit t
Read more

Market Analysis 25/07/2017

By -
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.
Read more

Major Tax Updates As On 20th July 2017

By -
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
Read more