Latest Expert Exchange Queries

GST Demo Service software link: https://ims.go2customer.com
Username: demouser Password: demopass
Get your inventory and invoicing software GST Ready from Binarysoft info@binarysoft.com
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) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
 
 
 
 
Popular Search: due date for vat payment :: articles on VAT and GST in India :: TDS :: VAT Audit :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: VAT RATES :: ARTICLES ON INPUT TAX CREDIT IN VAT :: cpt :: list of goods taxed at 4% :: ACCOUNTING STANDARDS :: TAX RATES - GOODS TAXABLE @ 4% :: empanelment :: Central Excise rule to resale the machines to a new company :: ACCOUNTING STANDARD :: form 3cd
 
 
News Headlines »
  I-T department asks taxpayers to update their information on e-filing portal
  How to check income tax refund status
 GST panel to consult MSMEs in October end to further ease tax rigour
  How to check income tax return status
 Been Served a Notice by the Income Tax Department? Here’s How You Can Respond
 Seeks to amend the CGST Rules, 2017 - 45/2017 - Central GST (CGST)
 Government provides clarity on tax rate
 Processing of returns in Form ITR-I under section 143(1) of the Income-tax Act, 1961
  Filing of Reconciliation return in form 9 for the year 2016-17
  Today is last date for filing GSTR-1 forms for July; govt rules out further extension
 Today is last date for filing GSTR-1 forms for July; govt rules out further extension

Markets open higher on positive global cues
September, 16th 2011

The markets have witnessed a positive opening, this trading session, on back of positive global cues. The BSE Sensex is at 16,995, up 118 points and the Niftyis at 5,109, up 46 points.

Overnight, the US markets closed higher for a fourth consecutive day as bank stocks led the market higher following a coordinated effort by five central banks to help ward off a credit crisis in Europe.  The Dow Jones industrial average rose 1.6%, to 11,433. The S&P 500 added 1.7%, to 1,209. The Nasdaq ticked up 1.3%, to 2,607.

The Asian markets are trading higher with the Shanghai Composite, Hang Seng and Nikkei indices, up nearly 1-2%.

On Thursday, the Foreign Institutional Investors were net buyers of Rs 137 crore in cash and the Domestic Institutional Investors were net buyers of Rs 4 crore.

Markets are expected to, further, react to RBI's decision to go for another rate hike to tame price pressures in order to boost growth in its monetary review, due today. The chances of RBI hiking the rates by 25 bps increased after August's data revealed that inflation rose to a 13-month high. "A pause (if at all it materialises) will be accepted by markets gleefully. What the RBI says in its policy statement will be crucial. The short-term sentiment will be driven by the outcome of the RBI meet and overseas events," says Amar Ambani, Head of Research, IIFL - India Private Clients.

Meanwhile, after market hours the government hiked petrol prices by Rs 3 per litre. D K Aggarwal, Chairman Managing Director, SMC Investments and Advisors Limited said, "The recent petrol price hike can help OMCs such as BPCL, HPCL and IOC in recovering the under-recoveries. As per the OMCs, the recent rupee depreciation is resulting into heavy under-recovery to an extent of INR 9,000 Crores for every one rupee depreciation. This petrol price hike can also help ONGC in its FPO, which is scheduled to open on 20th September".

Among the sectoral indices, BSE Oil & gas, PSU and IT indices are leading the losses, up nearly a percent each. ONGC, Indian Oil Corp, BPCL and Essar Oil, up 2-6% each, are the major gainers from the oil & Gas pack.

TCS, Patni Computer Systems, Tech Mahindra and HCL Technologies, up 1-2% each, are the major gainers from the IT pack.

Among the Sensex 30 stocks, ONGC had moved up 6% at Rs 275. Other prominent gainers include Tata Motors, TCS, Sterlite Industries and Tata Power, up 2-3% each. On the other hand, Maruti Suzuki, Bharti Airtel, Hindustan Unilever, Bajaj Auto and Hero MotoCorp, down 1-2% each, are the major losers among the Sensex stocks.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Careers

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