Market Cautious Ahead Of Quarter Earnings

Jan 09, 2017 | 06:05 PM IST

Market Walk 9th January, 2016:

Cautious market ended low after ups and downs. Sensex lost 32.68 points to 26726.55 Nifty lost 7.75 points to 8236.05 HCL Tech gained 2.55% to 835.2

Among the top gainers were Idea Cellular by 2.06% to 74.4, Eicher Motors by 1.22% to 22995.0, TCS by 1.17% to 2308.0, IndusInd Bank by 1.16% to 1157.3.

Among the top losers were Dr Reddy lost 3.14% to 3060.10. ONGC by 2.15% to 198.2, Coal India by 1.99% to 300.10, Asian Paints by 1.86% to 912.25, Hindalco by 1.77% to 157.9.

The government may change the definition of “long-term,” raising the time limit for capital gains tax relief to a minimum of three years from one year at present. There is, however, no plan to introduce a long-term capital gains tax on stock trading. A change in the definition of “long-term”, if announced in the budget for 2017-18, could likely prompt millions of individuals who trade in stocks to shuffle their savings portfolio. Under current rules, gains made on a listed company stock are tax free if the investor exits after a year. The changed definition, however, would imply that investors both retail and institutional will have to pay 15 percent tax on the premium or gains made if the stock is sold within three years.

Stocks to Watch: DHFL is on up side while Coal India is on down side.

Click Here for SHARE MARKET NEWS for 6th Jan'2017

 

ABOUT AUTHOR

Niveza Research Desk : We are a team of stock market nerds trying to stay ahead of the herd. We spend our grey cells everyday to a pave a smooth road for our clients in the shaky world of stock market. While...
FULL BIO

LEAVE A COMMENT

RECOMMENDED READING

Market Down As Trump Takes Charge

Market Walk 20th January, 2016: The Sensex lost 274.1 points to 27034.50 Nifty lost 85.75 points to 8349.35 Top Gainers: Idea Cellular Ltd gained 2.96% to 71.4, Bharti Airtel by 1.14% to 320.7, Yes Bank by 1.00% to
Read More>>

Market Plays Hide And Seek As Union Budget Approaches

Market This Week Stock market looked cautious owing to quarterly earnings declared by few Banks and IT companies. The numbers posted by Yes Bank were better than expected numbers while Axis Bank failed to deliver
Read More>>

Free Research Report - Take Solutions

TAKE Solutions Limited is a domain-focused technology services provider. The Company provides a range of information technology and consultancy services specifically in two of its business verticals namely Life Sciences (LS) and
Read More>>

Rangebound Session Ended Higher

Market Walk 19th January, 2016: Market maintained opening bell positives at the time of closing as well.. The Sensex gained 50.96 points to 27308.60 Nifty gained 18.1 points to 8435.10 Gail gained 5.79% to 464.95 Among the top
Read More>>

A 'To-Do List' For The Perfect Investment

The usual question which stares at people when they browse through all their investment options is - what to choose to meet my financial goals? Today there are various investments options but it's quite a tedious job to navigate through all the
Read More>>