Equity Report Outlook|24 carat financial services | 21 june 2017

-
Equity tips:-

Stocks in News:-

equity tips
equity tips

NIFTY & SENSEX:-

  • Nifty ends flat with a slight negative bias, Tata Power top Nifty gainer NSE Nifty closed at 9,653 down by 4 points, whereas BSE Sensex closed lower by 14 points at 31,297. BSE Mid-cap index closed higher by 0.19% at 14,845. BSE Small-cap index closed higher by 0.16% at 15,679. India VIX closed higher by 0.1% at 10.6 level.

LOGISTIC STOCKS:-
  • Logistics stocks on Tuesday’s trading session jumped as the Finance Minister Arun Jaitley during a press conference said that the GST switchover will happen from June 30 midnight and rollout on July 1. Snowman Logistics closed at Rs 59.80 per share, up by 10.6%, Patel Integrated closed at Rs 93.75 per share, up by 8.4%, Sical Logistics closed at Rs 254.60 per share, up by 4.8% and Gati closed at Rs 131.85 per share, up by 5.5%. 
 Market Buzz:-
  • CDSL IPO subscribed by 6.62x times (updated at 4:11 PM). Retail portion subscribed at 9.45x times; HNI at 3.14x and QIB at 4.88x times.
  •  Tata Power to sell stake in Indian Energy Exchange via IPO, stock jumps 5%. 
  • Magma Fincorp board approves merger of arm Magma Advisory with self. Stock climbs 5.5%. 
  • Dr Reddy's may file two new drugs with FDA by 2019, as per media reports. Stock advances 1%. 
  • GST wIll be rolled out on June 30 midnight - Arun Jaitley. 
  • Logistics stocks jump as GST rollout nears.Snowman Logistics (+10%), Patel Integrated (+8%),Sical Logistics, Gati (+5%), Container Corp (+4.5%), AllCargo Logistics (+2%). 
  • NBFC stocks gain post farm loan waiver announcements. 
  • Bharat Financial Inclusion (+2.5%), Mahindra and Mahindra Financial Services (+1.5%). 
  • Raymond sets up Greenfield garment manufacturing facility In Africa, facility to export to US, Europe markets. Stock up 1%. 
  • Tata Motors stock spurts 3% on buzz of Jaguar Land Rover IPO 
  • Bharat Bijlee stock climbs 8% after strong commentary in Annual Report. Transformer business achieved highest order booking in FY17. 
 Movers and Shakers of the day :-
  • Nelco closed higher by 20% at Rs 96.30 per share. 
  • Castex Technologies closed higher by 19.9% at Rs 6.67 per share. 
  • Container Corporation of India closed higher by 4.5% at Rs 1186.70 per share. 
  • Tata Power closed higher by 5.3% at Rs 82.15 per share.   
NSE INDEX LEVELS  :-



NSE INDEX VIEW  :-

NIFTY OUTLOOK :-
Nifty future is looking bullish on the charts .In today’s trading session Nifty traded with sideways movement and closed with normal gain. Nifty has crosses its important resistance mark of 9650 and sustaining above it. In upcoming trading sessions up side movement can be seen in it and it can test up side levels of 9700 & 9740 if it crosses its next resistance level of 9680.

BANK NIFTY OUTLOOK:-

Bank Nifty future is looking bullish on the charts .In today’s trading session Bank Nifty traded with sideways movement and closed with normal loss. Bank Nifty has crossed its important resistance mark of 23600 and sustaining above it. In upcoming trading sessions some profit booking can be seen in it and it can test down side levels of 23500 & 23400 if it breaches its next support level of 23600.



If you want to more information regarding the Stock tips,commodity tips, nifty tips missed call @ 9069102223 or fill form http://24cfin.com/free-trial
Location: India

Comments

Post a Comment

Popular posts from this blog

Morning Update of Indian Share Market- 5 December 2018

-
Image
The Indian Stock Market opens on a negative on a Wednesday, before the result of RBI fifth bi-monthly policy review. The S&P BSE Sensex opened at 36,035.65, and also the nifty50 measuring device of the National Stock Exchange (NSE), opened at 10,820.45.  At 9:17Am, the Sensex was at 35,949.25, down 185.06 points or 0.51% and also the nifty50 was at 10,808.55, with a loss of 60.95 points or 0.56%.In the last session, Sensex had closed at 36,134.31 and the Nifty at 10,869.  The top gainers stocks are: IOC, ONGC, NTPC, Infratel, BPCL, HDFC Bank, Sunpharma and GAIL.  The Top losers stocks are – Hindalco, Tatamotors, Titan, ITC, Kotak Bank and Infy. Free Stock Tips
Read more

Place Of NRIs As Per The Taxation Norms

-
Image
An Indian citizen or a person of Indian origin, who is not a resident as defined above, is called an NRI (Non-Resident Indian) for the purpose of taxation. One can avail of share market tips at 24cfin to elaborately know about the taxation norms. NRIs have the option of being covered by the special provisions of chapter XII A of the Income Tax Act, for investment income earned on assets. Interest earned on NRE accounts, FCNR and RFC deposits are exempt from tax. Any investment income from specified assets is taxed at the rate of 20% and long-term capital gains at the rate of 10%. Specified assets include shares, debentures, government securities, deposits and other notified assets acquired out of foreign exchange. The NRI will not have the benefit of deduction under chapter VIA or benefit of cost indexation for capital gains, if they chose to use the concessions of this chapter. They do not have to file income tax return if the income covered under this head is the only income f...
Read more