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 Rallied Amid Geopolitical Tension; Banks Gained

Share Market News – 16 August 2017. Today's market opened positive factoring to positive global cues but profit booking was seen in mid session of the market, however, a great
Read More>>

Small and Midcap Rallied Post WPI Data

Share Market News – 14 August 2017 A great recovery has seen in market after bearish run of last 4 trading session specially in Small cap, Midcap and Metals sector stocks.
Read More>>

SEBI's List Left The Market 'Shell' Shocked!

Market This Week The market is below 10,000, yes you a heard it right. There was huge selling seen in this week especially in mid cap and small cap companies because of SEBI
Read More>>

How To Find The Right Stocks For Long-Term Investment

In the stock market, there is a distinction between an investor and a trader. Though both of them use the same medium - stocks - to reach their objective, there remains a sea difference between their style and approach. The investor is the one who
Read More>>

Profit Booking Continues; Nifty Below 9850

Share Market News – 10 August 2017 There was huge selling seen in today's market as yesterday's profit booking continued in each sector especially in midcap and smallcap
Read More>>