Page 2515 - Markets News

Excess surcharge paid by FPIs to be adjusted in future tax payments

The higher tax paid would depend on the quantum of individual FPIs' selling during the past two months and the gains realised

Tax rate cut: Brokerages rejig index targets; Chris Wood ups India exposure

Besides Wood, Nomura, too, has revised its Nifty50 target for March 2020 to 12,545 on the back of a potential 7 per cent earnings increase in FY20/21

Reliance Capital's stake sale to Nippon Life to be completed by month-end

Post stake-sale, Nippon Life Insurance will own 75% stake in Reliance Nippon Life Asset Management for the long term, and the rest will be owned by public, including few marquee investors

Here's why cut in corporate taxes failed to cheer the mining sector

Fimi feels even after the govt slashed the corporate tax rates, the taxation rate is still steep for the mining sector

Why high cash calls could be a double-edged sword for fund managers

The bottom line is whether the fund manager has been able to generate alpha with this strategy

Reliance Capital falls 8% after CARE downgrades its long-term debt program

The stock tanked 7.50 per cent to close at Rs 29 on the BSE. During the day, it cracked 11.32 per cent to Rs 27.80 -- its 52-week low

Limited liability partnerships may lose sheen as new tax rates kick in

The basic tax rate for companies has been reduced to 22 per cent from 30 per cent earlier, and that for new domestic manufacturing companies has been cut to 15 per cent

Lower tax rates won't change fundamental concerns for banking stocks

Nifty Bank index has gained 14.2 per cent since Friday; experts advice investors book profit in banking stocks as tax cut doesn't address growth and asset quality concerns

A 10% jump for India Inc earnings after Modi govt cut taxes, say analysts

The surprise reduction in corporate tax drove a 5.3 per cent surge in the S&P BSE Sensex Index to 38,014.62 on Friday, its biggest gain since May 2009

Investor wealth spikes Rs 10.5 trn in 2 days on corporation tax rate cut

On Friday, the Sensex had logged its biggest single-day gain in over a decade by surging 1,921.15 points or 5.32 per cent to 38,014.62

Significant upside hinges on demand revival in cement industry: Analysts

Cut in corporation tax provides respite, say analysts

Won't be surprised to see Nifty at 12,000: Aditya Birla Sun Life AMC CEO

The improvement in the debt markets will give further confidence to market participants

Market Wrap, Sept 23: Sensex up 1,075 pts; Nifty ends at 11,603

Both the frontline indices -- Sensex and Nifty -- have surged 8 per cent in two trading sessions

MARKET WRAP: Sensex up 1,075 pts, reclaims 39K-mark; Nifty ends at 11,603

All that happened in markets today.

Bond traders caught off-guard as talk of limited fiscal space gains ground

A gauge of volatility for India's 10-year sovereign bonds rose to an eight-month high

Zee Entertainment slips for sixth straight day, loses 10% to hit a 5-yr low

In the past three days, the stock of Essel Group Company has plunged 19 per cent.

Mutual funds deploy dry powder as corporate tax cut boosts sentiment

Five of the top 10 mutual funds by equity value are holding cash in the range of 8-11 per cent, a reasonably high number

FM's boosters seen as positive but insufficient to perk up manufacturing

Market experts hail decisions, saying these would certainly act as a force multiplier for India's flagging economic engine, as well its position as one of the most attractive business destinations

IT shares trade weak in a strong market; TCS, Infosys down over 3%

Infosys tanked 8 per cent to Rs 742 on the National Stock Exchange (NSE) in early morning deal, logging the biggest single-day fall in two years.

Consumer stocks extend rally on tax cut; HUL, Asian Paints hit new high

In the past two trading days, these stocks have rallied in the range of 10 to 18 per cent, as compared to a 9 per cent gain in the benchmark S&P BSE Sensex.