"This week will be dominated by Union Budget but global cues and Q3 results will also have some impact on the market. Coronavirus is a key worry for the global markets because if the situation becomes worse from here then it could result in short-term slowdown in the global economy. In terms of earnings, ICICI Bank will react to its Q3 results on Monday whereas HDFC Ltd, Maruti, Bajaj Auto will be the key earnings for this week," Santosh Meena, Senior Analyst, TradingBells said. … [Read more...] about Earnings, global cues, pre-Budget expectations to drive markets this week: Analysts
9 steady extended rise in stock market
The street has wide expectations from the Finance Minister Nirmala Sitharaman including restructuring in Securities Transaction Tax (STT), long-term capital gain tax, distribution tax, cut in personal income tax, positive measures to industries, schemes for rural market to boost consumption, large-scale disinvestments of PSUs, steps to implement the next phase of Direct Benefit Transfer (DBT) etc. Sector-specific goodies could also be on the cards for segments like agriculture, housing finance, auto, infra, realty etc. … [Read more...] about Market Week Ahead: 10 key things that will keep traders busy this week
Looking ahead, oil prices remain under pressure on expectations of lower demand and higher supply. As per EIA data, global oil inventories continue to rise during the year as well. The agency foresees global oil supply will be 1.6 mbpd and the expected consumption is 1.3 mbpd. … [Read more...] about Crude oil in Indian futures market rose 38% in 2019: Where is it headed now?
"It's only larger companies that currently have adopted these technologies. Today, you will have gift vouchers of larger companies of Shoppers Stop, Bata, Croma, etc, but probably not have it for some small sweet shop. The penetration of a gift voucher across the brand that doesn't have this technology, that market is also 60 per cent," Prabhakar said. … [Read more...] about GyFTR expects two fold rise in revenue to Rs 1,200cr this fiscal
There is the expectation that the Finance minister may relax the personal income tax slab rates. Currently, there is no tax for individuals with income up to Rs 5 lakh (after considering rebate). However, the basic exemption limit has not increased from Rs 2.5 lakh to Rs 5 lakh. As per statistics released by the tax department in October 2019, over 97 lakh individual taxpayers returned income between Rs 5 lakh and Rs 10 lakh and the revenue collected from these taxpayers was more than Rs. 45,000 crore. … [Read more...] about Expectations of a common man from Budget 2020