GST

SAMVAT 2077

SAMVAT 2077- Waiting for a new beginning

SAMVAT 2076, though looked good for markets, was a bad year for all of us due to a black swan event – the COVID pandemic. NIFTY is up ~5% yoy since last Diwali. In between though there was a sharp fall in markets by ~35% in March 2020 and there was complete lockdown in economic …

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stock markets

Stock markets on a COVID booster dose

Even as the Indian economy gradually opens up, there has been a constant rise in daily COVID cases with the number now touching 1 lakh/day in India from ~60,000/day last month. This is in contrast to the global scenario which has seen a decrease in numbers over the last month. Thus India currently lies in …

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stock markets 2020

Stock markets in 2020 starts off on a volatile note

Stock markets in 2020 started off on a volatile note as the frontline indexes hit new highs punctured by sharp decline in markets due to US-Iran tensions. For CY19 the NIFTY was up by 11.5% while SEXSEX was up by 13.8% for the full year. But the rally in NIFTY50 was a narrow rally. Top …

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stock market uneasiness

Uneasiness persists in markets

Stock market Index- NIFTY/SENSEX sustained at significantly high levels, though the broader markets remain subdued. Markets have largely remained range bound over the last month but the euphoria seen in the index levels do not reflect in stocks beyond the top 10-15 stocks. Liquidity remains strong as seen from the oversubscription in IPOs over the …

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economic slowdown

Markets hit peak but economic slowdown persists

Stock market Index- NIFTY/SENSEX hit all-time highs over the last month, though the broader markets remain significantly lower. Sensex moved above 40,000 while NIFTY scaled above 12,000 levels partly driven by strong FII flows. September quarter results have been declared over the last month & profits have mostly been on the higher side driven by …

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samvat 2076

SAMVAT 2076-Looking for light at the end of the tunnel

I hope that the new SAMVAT, 2076 turns out to be a very prosperous year for all of us and keeps the market momentum going The festival of lights “Deepavali” will mark the beginning of the trading new year-SAMVAT 2076, with the auspicious Muhurat trading session scheduled to be conducted on 27th October 2019 from …

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stock markets festive

Will the festive season bring some cheer to stock markets?

Stock markets have been largely range bound over the last month, though the broader markets have continued with its subdued performance largely due to consistent selling by FPIs. The government has taken several measures to boost the economy, such as corporate tax rate cuts & roll back of tax surcharge, but it has failed to …

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slowdown

Economic slowdown calls for a stimulus

Stock markets have been largely range bound over the last month, though the broader markets have continued with its subdued performance largely due to consistent selling by FPIs. Ever since the budget was presented on 5th July, major indexes have corrected ~10%, while the sell-off has been sharper in the broader markets. FII have been …

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Direct Tax Code

Direct Tax Code: Proposals for Implementation

The new direct tax code (DTC) is expected to be in consonance with economic needs of the country, and will replace the 58-year old existing Income Tax Act, 1961. A panel was set up to draft the code in view of direct tax systems across various countries, international best practices and economic needs of the …

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