Showing posts with label #Free Nifty Trading Tips. Show all posts
INDIAN BENCHMARK open flat amid sluggish trades among major Asian markets.
By : Simran Shah
INDIAN BENCHMARK open flat amid sluggish trades among major Asian
markets. Further, power and metal stocks will be in focus as the Supreme Court
is scheduled today to announce its decision on coal block allocations.
FURTHER, Cipla will be in focus after
the company entered into a commercial collaboration with S&D Pharma in the
Czech Republic and Slovakia. Aditya Birla Chemicals Limited has acquired Jayshree
Chemicals Ltd's caustic soda business for 2.12 billion rupees.
Trend in FII flows: The FIIs
were net buyers of Rs 192cr in the cash segment on Monday while the DIIs
were net sellers of Rs. 508cr, as per the provisional figures released by
the NSE.
INDIAN BENCHMARKS ends on a negative note
By : Simran Shah
INDIAN
EQUITY BENCHMARKS erased all its early gains and ended in the red on the back
of profit booking.
Further,
Hindalco Industries net profit declined 48.5% to Rs 248.15 crore on 20.9% growth
in net sales to Rs 8359.85 crore in Q4 March 2014 over Q4 March 2013. JSW
Steel reported quarterly crude steel production at 3.10 million tons for Q1
FY2014-15 showing a growth of 8% over the corresponding quarter of previous
year.
The crucial
resistance for Nifty is now seen at 7730 and above this 7810.Support
for the immediate term is now placed at 7480 and next support will be
7540.
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Highlights of the budget presented by Finance Minister Arun Jaitley
·
FISCAL DEFICIT
Accepts fiscal deficit target of 4.1 percent of GDP
for 2014/15
Fiscal deficit seen at 3.6 percent of GDP in 2015/16
Tax-to- GDP ratio must be raised
·
GROWTH
Aims for sustained growth of 7-8 percent in
the next 3-4 years
Finance minister says he is bound to usher in
policies for higher growth, lower inflation
·
TAXATION
Aims to approve goods and services tax by end of
this year
Will not change rules on retrospective taxation
All pending cases of retrospective tax for indirect
transfers to be examined by a high-level committee before action is taken
Proposes changes in transfer pricing mechanism
·
INVESTMENT
Raises limit on foreign direct investment in defence
sector from 26 per cent to 49 per cent raises FDI limit in insurance sector to
49 percent
Earmarks 70.6 billion rupees to create 100 'smart
cities'
Will provide the necessary tax changes to introduce
real estate investment trusts and infrastructure investment trusts
Proposes 40 billion rupees for affordable housing
through national housing bank and extends tax incentives for housing loans
·
SUBSIDIES
Plans to make food and petroleum subsidies more
targeted
Rural job-guarantee scheme, which provides 100 days
of paid employment a year, will become more focused on asset creation
Proposes 80 billion rupees for rural housing scheme
·
AGRICULTURE
Will focus on achieving 4 percent growths per year
in agriculture
Sets farm credit target at 8 trillion rupees for
2014/15
Proposes a long-term rural credit fund with an initial
corpus of 50 billion rupees
NEWS TO WATCH :
·
Watch out for Quaterly Earning of
Infosys on 11 July 2014.
INDIAN BENCHMARKS slip on caution ahead of the Budget.
By : Simran Shah
INDIAN
EQUITY BENCHMARKS ended lower amid volatile trading session as the domestic and
global investors turn cautious ahead of the Union Budget to be presented by the
Finance Minister tomorrow in the Parliament.
Further,
Shares of Tata Power dropped on reports that Tata Power and Reliance Power are
betting big on renewable energy and are willing to spend about Rs 1,500 crore
each on clean energy projects. ONGC Videsh raised US$2.23bn from global markets
through long term bonds to refinance loans for acquiring stake in oil field in
Mozambique.
The
crucial resistance for Nifty is now seen at 7670 and above this 7730.Support
for the immediate term is now placed at 7555 and next support will be
7510.
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