Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: articles on VAT and GST in India :: due date for vat payment :: ARTICLES ON INPUT TAX CREDIT IN VAT :: TDS :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: form 3cd :: VAT Audit :: ACCOUNTING STANDARDS :: ACCOUNTING STANDARD :: empanelment :: cpt :: TAX RATES - GOODS TAXABLE @ 4% :: list of goods taxed at 4% :: Central Excise rule to resale the machines to a new company :: VAT RATES
 
 
General »
  Withdrawal of Legal Tender Character of the existing Bank Notes in the denominations of ₹ 500/- and ₹ 1000/- (Updated as on November 30, 2016)
 Cases for tax scrutiny will be selected by machines
 Time to revisit 1997 direct tax rates, says P Chidambaram
 Lok Sabha passes Bill to tax black money deposits post demonetisation
 Last day to pay property tax with old notes
 Income tax department asks IDS declarants to pay tax by 30 November
 Why PM Narendra Modi must beware of the breathtaking Arthakranti tax
 Japanese firms seek easing of restrictions on funding in India
 Tax on black money: How the cookie will crumble
 Income tax officials say raids on jewellers based on 'credible intelligence' proving fruitful
 Exchange window being misused, government forced to reduce limit to Rs 2000, says Arun Jaitley

RBI monetary policy, advance tax numbers to set pace of markets this week
December, 17th 2012

Reserve Bank of India's monetary policy review and advance tax data will provide direction to markets this week. Equities may gain if the central bankBSE 1.86 % decides to ease liquidity or extend a token rate cut in the light of the recent drop in inflationary pressure. Strong advance tax numbers will also help the indices to even out at higher levels, equity analysts said.

"Markets should consolidate at current levels, with an upward bias this week. The uptrend should continue for the next few weeks. Midcap stocks will outperform broader markets over the next few weeks," said Gaurav Dua, head of research, Sharekhan. The Reserve Bank of India officials will meet on Tuesday to take stock of the economic situation in the country.

RBI, in its October review, had kept key policy rates unchanged at 8% citing persistent inflation as the overbearing reason. The wholesale price index (denoting inflation) for November levelled at 7.24%, marking a second consecutive month of downside surprise in inflation. "The consensus view is that RBI may not cut rates this time round; it may come in January. The central bank may resort to easing liquidity by cutting CRR, which again could be viewed positively by the markets," said Dua.

The market will also take cues from advance tax paid by Indian companies on their third quarter earnings. "Equities market is looking good on the back of global liquidity and active interest and support shown by central banks. Expected fall in interest rates will revive investor interest in equities," said Rajesh Iyer, head of products & research, Kotak Wealth Management. Markets will also keep a close watch on the proceedings at the winter session of Parliament.

According to equity analysts, markets may surge if the government agrees to cap FDI investment by foreign insurers at 26% while allowing portfolio investors to own an additional 23% in Indian insurance companies. If global market cues alone are taken, Indian shares should open firm on Monday. Most Asian indices, barring Japan's Nikkei, ended the previous week on a positive note.

The DJIA closed marginally lower on Friday. The Sensex shed 0.5% to end the week at 19,317. In net terms, equity researchers are bullish about short-term markets, with many typifying it as a 'buy-at-dip' market. "Underlying strength is definitely there... This is evident from the good investor response towards recent IPOs and offer-for-sale equity issuances," said Harsha Upadhyaya, senior vice-president & equities head, Kotak MahindraBSE -0.93 % Asset Management.

"If RBI eases its stance on monetary policy, it'll be a big positive for the market. Such a move will give the market some more leg," he added. Analysts expect mid-cap counters to rally over the new few days. Karnataka BankBSE 1.69 %, Pipavav DefenceBSE -0.48 %, McLeod RusselBSE -0.20 %, Oracle Financial ServicesBSE -1.39 %, Gayatri ProjectsBSE -1.36 % and Southern PetrochemicalsBSE 0.31 % are among stocks that are likely to witness action down the week, equity researchers said.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2016 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - We Bring IT. Offshore software outsourcing company. We use Global Delivery Model (GDM) and believe in Follow The Sun principle

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions