Events that may give direction to stock market this week

Zeebiz |February 04 2018 Market sell-off was at all the counters after Finance Minister Arun Jaitley announced long term capital gains tax (LTCG) in Budget on the last trading day of the week (Friday), with the benchmark Nifty witnessing its largest fall since demonetisation (declined 2.7%).  Mid-cap and small Index nosedived over 5%. Nifty slipped [...]

2018-02-05T10:59:33+00:00 February 4th, 2018|Economy|

Normal Monsoon This Summer, Steady Crude Prices Can Push India’s Growth to 8 Percent: Arun Jaitley

Business |February 04 2018 The Indian economy can achieve an 8 percent-plus growth if crude oil prices stay within manageable limits and the monsoon rains turn out to be normal this year, finance minister Arun Jaitley has said. “Some indicators, which are known as green shoots in the language of business, such as business confidence, [...]

2018-02-05T10:57:18+00:00 February 4th, 2018|Economy|

Food bill: Unpaid subsidy may touch Rs 1.25 lakh crore

Financial express| January 08, 2018 Despite the Narendra Modi government’s relative promptness in meeting the current demands of subsidies, at least Rs 1.25 lakh crore of past dues of major subsidies — four-fifths of that on food alone and the balance mostly on fertilisers — may remain unpaid to the designated agencies at the end of this [...]

2018-01-10T11:06:16+00:00 January 8th, 2018|Economy|

Export taxes suspension likely to boost Malaysia’s CPO export

Commodity online | January 08, 2018 The suspension of export taxes of 5.5 percent on Crude Palm Oil (CPO) is expected to improve its exports competitiveness and give a short-term boost to its exports to major importers such as China and India… Source:https://www.commodityonline.com/commodity-news/export-taxes-suspension-likely-to-boost-malaysias-cpo-export/news-now/18621

2018-01-10T11:03:00+00:00 January 8th, 2018|Economy|

Abolish Commodities Transaction Tax on agricultural produce, says CII

Financial Express | January 01, 2018 Industry body CII on Monday said that Commodities Transaction Tax (CTT) on agricultural produce should be abolished to protect farmers’ income. The industry body said that after witnessing an exponential growth since its inception till FY 2011-12… Source:http://www.financialexpress.com/market/commodities/abolish-commodities-transaction-tax-on-on-agricultural-produce-says-cii/997138/

2018-01-03T11:47:44+00:00 January 1st, 2018|Economy|

Rupee strengthens to 63.63

The Hindu Businessline | January 01, 2018 The rupee strengthened to 63.63 against the US dollar on the first trading day of 2018 on the back of increased selling of the American currency by banks and exporters. The domestic unit opened a tad strong at 63.85 at the Interbank Foreign Exchange market today. It hovered [...]

2018-01-03T11:17:53+00:00 January 1st, 2018|Economy|

Rupee down 7 paise to 64.15

The Hindu Businessline | December 27, 2017 The rupee today drifted further down by 7 paise to end at a fresh one-week low of 64.15 against the US dollar due to month-end demand for the American currency from importers and banks.Sustained capital outflows and a sudden spike in crude oil prices globally too largely weighed [...]

2017-12-30T09:49:26+00:00 December 27th, 2017|Economy|

Rupee ends down by 3 paise at 64.08

The Hindu Businessline | December 26, 2017 The rupee ended the session weak at 64.08 as the dollar held steady in Tuesday's holiday-thinned trade, shrugging off upbeat Japanese economic data as market participants pondered about next year's potential catalysts... Source:http://www.thehindubusinessline.com/markets/forex/rupee-dollar-live-update/article10002111.ece

2017-12-27T11:15:41+00:00 December 26th, 2017|Economy|

Rupee ends 5 paise higher at 64.06 against US dollar

Economic Times | December 21, 2017 The rupee today recouped some of its overnight losses and ended higher by 5 paise at 64.06 a dollar on bouts of greenback selling by exporters and banks. Overall forex market sentiment remained largely dull in the absence of any major triggers even as currency traders preferred to stay on [...]

2017-12-27T10:42:37+00:00 December 21st, 2017|Economy|