Market Analysis: 19/07/2017

By -
Market Analysis
Date:19/07/2017
The Sensex rised by around 244.36 pts..Nifty too rised with a boom by 72.45pts. Experts predict that said upward trend in Nifty may touch 9500 to 10000 mark however, if the market faces downfall then it might end up around 8500-8800.
However, Gold again slipped to ₹28198/10gms, still showing the downfall. Crude oil raised from ₹2962 to ₹2985 per barrel.
USD showing a downward trend by INR 0.05 and the downward trend since Saturday continues.

Comments

Post a Comment

Popular posts from this blog

Extended FNO trading times: How it will impact option tarders

By -
Image
SEBI came up with a circular approving extended trading in the derivatives segment and it will certainly have lot of impact in different ways. We are moving towards being a matured market. However, if you are an options trader and wondering how it will impact your trading pattern;  here are a few technicalities which may change as a result of extended derivatives trading. Lower Volatility Option writers are majorly trying to make money from either theta decay in options or volatility drops. Mostly the perceived volatility of the market is higher than historical volatility and that is the opportunity for option writers. Volatility is a factor of uncertainty and more news / events happens outside the trading window more will be the risk as there might not be an opportunity to act immediately. Gap-ups and Gap-downs are common for an events reactions and this risk keeps the volatility high. With extended trading hours in derivatives the uncertainty becomes lower ...
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

US retail giant Walmart’s whopping $12 bn acquisition of Flipkart is in the final stages – Announcement soon?

By -
Image
US retail giant Walmart’s USD 12 billion acquisition of India’s biggest e-commerce firm  Flipkart  is in the final stages and a deal is likely to be announced in the next few days, according to sources. The contours of the deal, which is expected to see Walmart taking nearly 72-73 per cent stake, are being finalised following which approval from the both the boards will be taken, sources privy to the development said. They declined to be identified as the matters are still under discussion and are confidential. Separately, Bloomberg reported that board of Flipkart Online Services has approved an agreement to sell about 75 per cent of the company to a Walmart-led group for about USD 15 billion. Walmart is likely to buy stakes of multiple Flipkart investors, including that of Tiger Global Management and Softbank to end up with a significant majority holding, sources said. Tiger Global and Masayoshi Son-led Softbank hold about 20 per cent stake each in the Singapore holding...
Read more