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: Central Excise rule to resale the machines to a new company :: cpt :: articles on VAT and GST in India :: ACCOUNTING STANDARD :: VAT Audit :: TDS :: list of goods taxed at 4% :: due date for vat payment :: empanelment :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: TAX RATES - GOODS TAXABLE @ 4% :: ACCOUNTING STANDARDS :: form 3cd :: ARTICLES ON INPUT TAX CREDIT IN VAT :: VAT RATES
 
 
« Markets »
 Why we must tweak the market-led model
 PE transactions prompt income tax queries over round tripping concerns
 Amended India-Mauritius tax treaty only covers investments in shares
 Government drops cap gains tax on startup shares held for 2 years
 Tax-free bonds regain demand in the secondary market
 Relevant Market’ Under Competition Act, 2002
 Indian markets best in terms of earnings momentum, price revision
 How India will become a common market with GST
 Broader markets outperform; Nifty holds 8,500
 Have Indian markets run ahead of fundamentals?
 Sebi mulls allowing foreign VCs in infra investment firms

Markets witness firm trades
January, 19th 2012

The Indian markets opened on a firm note tracking positive global cues. The BSE Sensex is at 16,620, up 168 points and the Nifty is at 5,003, up 47 points.

In the broader markets, the smallcap and the midcap indices opened up 1 percent each, almost in line with the benchmark indices.

Overnight, US stocks jumped to their highest since July on Wednesday with the Dow Jones industrial average rising 96.88 points, or 0.78 per cent, to close at 12,578.95. The Standard & Poor's 500 Index added 14.37 points, or 1.11 per cent, to 1,308.04.

Asian shares rose to a two-month high and the euro firmed on Thursday after news that the International Monetary Fund was seeking to boost its resources to tackle the euro zone debt crisis. The MSCI's broadest index of Asia Pacific shares outside Japan inched up 0.5 per cent to a two-month high, while Japan's Nikkei average rose one per cent.

Back home, the Nifty is likely to face resistance around 4,975 4,986 levels, while it will seek support around 4,936 4,925, analysts say. At 730 am Indian Standard Time, the SGX Nifty was trading at 4985 levels, up 37 points.

Among the sectoral indices, Realty up 2 percent lead the gains closely followed by Bankex, Oil & Gas and Metal indices which added over 1.5 percent each.

The top gainers among the Sensex stocks in the opening trades were DLF, Tata Power, ICICI Bank, Maruti Suzuki, Hindalco and Tata Steel up 2 percent each.

Meanwhile, Bharti Airtel down 2 percent at Rs 338 is the only loser among the Sensex stocks. Yesterday income tax department had slapped a Rs 1,067-crore demand notice for alleged non-payment of TD dues in the past four financial years in connection with its operations abroad.

The market breadth is very strong with 972 stocks advancing as compared to 249 declines, on the BSE.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2016 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Bath SEO Company Birmingham SEO Company Bradford SEO Company Brighton and Hove SEO Company Bristol SEO Company Cambridge SEO Company Canterbury SEO Company Carlisle SEO Company Chester SEO Company Chichester SEO Company Coventry SEO Compan

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