Could create trouble for both taxpayers and tax department in different situations
Investors accumulated quality stocks at valuable and attractive levels
Global equities slide as fears of an early interest rate hike in June continue to keep the investors unnerved
Prospects of early interest rate hike by the US Federal Reserve in June and slip in crude oil prices further hurt sentiments
Last batch of quarter results, progress of monsoon, global trend, FII stance and movement of rupee and crude oil will dictate trend
Here are some of the stocks you need to keep a tab on for today
Quarterly results, monsoon, crude oil movement will be closely watched
Lupin, ICICI Bank, Tata Steel, Cipla and RIL are the top five losers trading lower up to 8%
Weak rupee, downfall in global equities and slip in crude oil prices weigh
Initially, everything looked hunky-dory and there was a belief amid domestic players that there will be a level-playing field now
Shares of Capital Goods are rallying ahead of the IIP numbers due to be unveiled on Thursday
FII stance,rupee and crude oil movement, Parliament proceedings, ongoing earning season along with progress of monsoon are the key drivers
Expectations of good monsoon and hopes of passage of the Bankruptcy bill in the Rajya Sabha supported the rally
By 13:55 pm, the S&P BSE Sensex was higher 389 points at 25,617 and the Nifty50 was trading 114 points higher at 7,847
Inflation based on wholesale price index (WPI) for March 2016 is scheduled be released today
The stock soared 16% to Rs 15.85 on the BSE.
Top 5 losers in the Sensex include ITC, Lupin, ONGC, Caol India and Axis Bank down between 0.5%-1.6%
Prospects of an interest rate cut by the RBI at its forthcoming monetary policy review spurted buying across the board
At 14:30 pm, the S&P BSE Sensex is up 61 points to quote at 25,027 and the Nifty50 is up 19 points to trade at 7,634
Top losers from the Sensex pack are Sun Pharma, ICICI Bank, Bharti Airtel, Tata Steel and Lupin