Bank Nifty opened on negative note and respected to its major support of 30,800-30,900 levels. It consolidated just above the support band and formed a Doji candle on daily chart, indicating indecisiveness among the market participants. The index closed 0.43 percent lower at 30,947.50. … [Read more...] about Technical View: Nifty forms bearish candle, MACD gives fresh sell signal
President of hong kong
"The bears continued to dominate for the second consecutive session as IMF cut India’s GDP growth forecast to 4.8 percent for FY20E which impacted domestic sentiments. Further, the global cues also remained unsupportive in today’s trade as Moody’s cut its rating for Hong Kong markets. We reiterate our cautious view on the Indian markets given the stretched valuation and muted start to the earnings season," said Ajit Mishra, VP - Research at Religare Broking. … [Read more...] about Taking stock | Market extends losses as IMF’s forecast weigh on sentiment
However, Deshmukh said the issue will come up for deliberations in the January 22 cabinet meeting. “We have to see how much the city police will be burdened if shops, eateries and malls are kept open through the night. After detailed deliberations, a decision will be taken,” Deshmukh told reporters. … [Read more...] about Final decision on keeping Mumbai’s malls, shops open 24X7 to be taken on January 22
The President convenes both Houses of Parliament on the recommendation made by the Union Cabinet.Get access to India's fastest growing financial subscriptions service Moneycontrol Pro for as little as Rs 599 for first year. Use the code "GETPRO". Moneycontrol Pro offers you all the information you need for wealth creation including actionable investment ideas, independent research and insights & analysis For more information, check out the Moneycontrol website or mobile app. … [Read more...] about CCPA recommends Budget Session from January 31; Union Budget on February 1
In her budget speech, the finance minister said the surcharge was increased considering rising income levels and, therefore, taxpayers in the higher income bracket should contribute more towards nation's development. One would have to wait for Budget 2020, to be presented on February 1, to see what is coming out to neutralise the increased tax rate for super rich. … [Read more...] about Budget 2020: Should there be a rethink on super-rich tax?