Pre Market Analysis – 15th Jul 2021
Nifty extended its gains for three straight days but Wednesday rally was mainly contributed by Nifty IT index which was up 3% ahead of Infosys results. With USDINR gaining strength and Nifty remaining stuck in the range of 15620-15900, we may witness sharp fall in market in the coming days. Last one-month activity is narrow range and is a sign of distribution and wider cracks as USDINR...
Pre Market Analysis – 14th Jul 2021
Stock Market rallied on support from financials on Tuesday as domestic inflation data came below consensus with Bank Nifty closing higher by more than 1% above 35,500. Although Nifty also posted gains of more than 100 pts, it still remains vulnerable to larger sell-off as long it trades in range of 15,620-15,900 with 15,620 acting as a trigger point. With Brent crude prices firmly back above...
Pre Market Analysis – 13th Jul 2021
Nifty witnessed selling in last hour of trade to erase its opening gains on Monday and closed below the 15,700 mark. The weakness was mainly on back of selling in 10-year bond prices where India 10-year bond yield crossed 6.2% and this may put further pressure on rupee in the near-term. Although, trading range of 15,620-15,900 prevails for almost for a months, but markets remains...
Zomato Ltd. IPO (Recommendation: Avoid)
Zomato is one of the leading Food Services platforms in India in terms of value of food sold, as of March 31, 2021. During Fiscal 2021, 32.1 million average MAU visited their platform in India. As of March 31, 2021, they were present in 525 cities in India, with 389,932 Active Restaurant Listings. Their mobile application is the most downloaded food and drinks application in India in each...
Pre Market Analysis – 12th Jul 2021
Nifty for the week remained under pressure but broader market remained strong with Midcap 100 index posting gains of almost 2% on back of retail buying. The FIIs were sellers in cash and derivative segment which put pressure on large cap stocks while USDINR was putting a tough fight around resistance area of 74.86. With Nifty stuck in the trading range of 15,620-15,900, we can expect massive...
Difference Between Tax- Planning, Avoidance & Evasion
Whether salaried individual or business owner, every person who is liable to pay income tax definitely tries to minimize the tax liability, at least for once. Even though it is unethical to save income tax and not pay the required tax amount as per your income, taxpayers still choose the following ways to minimize their tax liability; Although these terms may sound similar and they...
Weekly Market Research by Fintoo – 10th July 2021
#uid-cd53fc1ab2041573 .heading h2 { line-height: 1.6em; font-weight: 400; } Nifty turns weak, global cues dents sentiments. Zomato IPO key event to watch out in coming week Markets continued to remain under pressure led by pessimistic global market cues with volatile movement seen across sectors. The Nifty ended tad below the 15.700 mark, down 0.2 pct for the week. Volatility...
Capital Gains Tax on Sale of Property – FFC Episode 30
If you are planning to sell your property, you’ll have to pay capital gain tax on the profit earned after considering the inflation and indexed cost of acquisition. If you’re selling a property in India, the profits you earn are called Capital Gains. Gain can be Short Term or Long Term STCG = If sold within 24 months...
Pre Market Analysis – 9th Jul 2021
Indian equities were caught in the global volatility as growing anxiety that the spread of Covid-19 variants will knock back growth reversed the recent rally. With fresh virus waves hitting Asian and European countries, global bankers seem unconvinced about a smooth economic recovery. The SGX Nifty is indicating another weak opening for the markets. Wall Street closed lower on Thursday,...