in ,

What changed for the market while you were sleeping? Top 12 things to know –,

What changed for the market while you were sleeping? Top 12 things to know –,


The BSE Sensex rallied 413 points or 1. (percent to) ******************************************************************, **************************** 01575879 ************************************************ . The Nifty (climbed) ************************************ (points or 0.) **************************************************** (percent to) , 192, taking the total gains to 267 since last Wednesday, forming a bullish candle on the daily charts.

As the momentum is positive, the index is expected to march further and cross 013, levels in the coming sessions, experts feel.

The broader markets also gained momentum but underperformed the frontliners. The Nifty Midcap index was up 0.6 percent and Smallcap index gained 0. 92 percent amid positive market breadth. About three shares advanced for every share falling on the NSE.

According to the pivot charts, the key support level for Nifty is placed at (*************************************************************************************,Payeer**************************, followed by 013, (**************************************************************************. . If the index moves up, key resistance levels to watch out for are 12, 248 **************************************************************** and 013, 267 **********************************************.

Nifty Bank closed 0. (percent higher at, . (**************************************************************************. The important pivot level, which will act as crucial support for the index, is placed at (*******************************************************************, ***********************************************************************************. 9, followed by 31, 2020 6. On the upside, key resistance levels are placed at (***********************************************************************, .9 and (********************************************************************, (********************************. 6.

Stay tuned to Moneycontrol to find out what happens in currency and equity markets today. We have collated a list of important headlines across news platforms which could impact Indian as well as international markets:

US Markets

Wall Street’s major indexes inched higher on Tuesday, extending their record-setting rally, as strong housing and manufacturing data bolstered investors’ confidence in the US economy.

The Dow Jones Industrial Average rose (************************************************************************. ************************************************************************ (points, or 0.) **************************************************************************************** (%, to) **************************************************************************, ****************************** 2020 , the S&P 728 gained 1. points, or 0. (%, to 3, 728 ************. and the Nasdaq Composite added 9. ********************************************************************** points, or 0.1%, to 8, 823. (********************************************************************.

Asian Markets

(Asian stocks took a breather atPayeer

– month peaks on Wednesday having climbed for five straight sessions, while the British pound was licking its wounds as revived Brexit fears came back to bite it.

MSCI’s broadest index of Asia-Pacific shares outside Japan was flat in thin early trade, just off its highest since June last year. Japan’s Nikkei dipped 0.1% while Korean shares edged up 0.1% to an eight-month peak.

SGX Nifty

Trends on SGX Nifty indicate a positive opening for the broader index in India, with a 17. 5 points gain or 0. 013 percent. The Nifty futures were trading around (***********************************************************************************, ************************************** – level on the Singaporean Exchange.

Oil dips after US stock build, but demand hopes support

Oil retreated on Wednesday after rising more than 1% in the previous session as US industry data showed a surprise build in crude stocks, but hopes for firmer demand next year checked a deeper fall in prices.

Brent crude futures dropped (cents, or 0. 01575879 ************************************************ %, to $ 01575879 ******************* (a barrel by) ****************************************** GMT on Wednesday. The international benchmark rose 1.2% to $ 2020 a barrel on Tuesday. West Texas Intermediate (WTI) crude futures fell (cents, or 0.) %, to $ (*************************************************************. ******************************************************** per barrel.

GST Council to meet today amidst talk of rate hike to meet revenue shortfall

The GST Council will meet on Wednesday to review the taxation structure for shoring up the revenue as lower-than-expected collections has led to a delay in compensation payment to states. Some of the states such as West Bengal have opposed any hike in cess rates or rate calibration amid a slowdown in the economy, stating that consumers as well as the industry are passing through a distressing time.

With the revenue shortfall looming large, there have been suggestions for raising GST rate and cess to meet the gap. The GST Council headed by Finance Minister Nirmala Sitharaman had sought suggestions from states on review of GST and compensation cess rates on various items, rate calibrations for addressing the inverted duty structure, compliance measures other than those currently under implementation to augment revenue.

Rupee settles flat atPayeer************************** against US dollar

The rupee pared early morning gains to settle 2 paise down at (*********************************************************. 165 against the US currency on Tuesday amid lack of any major triggers on the domestic front. Forex traders said while sustained foreign fund inflows and heavy buying in domestic equities supported the rupee, rising crude oil prices and gains in the dollar in global markets restricted the upmove.

At the interbank foreign exchange market, the rupee had opened at (********************************************** against the US dollar. During the day, the domestic unit saw a high of 2020 **************************** and a low of **************************************************************************************************************************************.

Govt sets Rs 1.1 lakh cr monthly GST collection target

Amid concerns that the government may fall short of tax collection target in a slowing economy, the Center has set an ambitious Rs 1.1 lakh crore monthly GST target for the remaining four months of the current fiscal and asked taxmen to step up efforts to achieve the goal. Revenue Secretary Ajay Bhushan Pandey held a video conference meeting with top tax officials of departments looking after both income tax and indirect taxes such as GST and asked them to step up efforts to achieve tax targets, finance ministry sources said.

While taxmen have been asked to plug evasions, Pandey impressed upon them to achieve targets without harassing honest taxpayers. In the meeting, the GST target was set at Rs 1. 12 lakh crore every month between December 5685 and March 2020. Of these four months, Rs 1. lakh collections has to be achieved in at least one month, the sources said.

BSE equity derivatives segment crosses turnover of Rs 1,0 (cr

BSE on December 21 said its S&P BSE Sensex futures and options segment registered a record turnover of Rs 1,0 25 crore. “Equity derivatives are gaining momentum after the interoperability implementation,” the exchange said in its release.

“The consistent support and active participation from the members have led to an increase in turnover on BSE. We are pleased that today it has achieved a small but significant milestone, “Sameer Patil, Chief Business Officer said.

IMF likely to downgrade India growth forecast in January: Gita Gopinath

The International Monetary Fund is set to join other downbeat analysts and cut the growth estimate for India “significantly”, its India-born chief economist Gita Gopinath said on December 21. The Washington-based institution had come out with an estimate in October and will be reviewing the same next month in January, she said.

A fall in consumption, lack of private investments and sluggish exports are being blamed for a slower GDP growth which slid to a six-year low of 4.5 per cent in September. The RBI and other watchers have done downward reviews of their growth forecast for India for FY 01575879.

NHB tweaks Rs (**********************************************************************, ******************************************************************************************** (cr liquidity infusion facility for HFCs)

The National Housing Bank has revised its Rs (***********************************************************************, ********************************************************************************************* crore liquidity infusion facility (LIFt) scheme to encourage housing finance companies to avail refinance funds. Under the revised LIFt scheme, exposure cap of Rs 823 crore per HFC and exposure ceiling of (per cent of individual housing loan (IHL) have been removed, the NHB said in a statement.

The maximum exposure revised to 32 per cent of HFC’s net owned fund (NOF) or per cent of NHB’s NOF, whichever is lower, it said.

Corporate tax rate cut impact to be visible in two years: CII chief

The revised corporate tax rates are competitive and its impact will be visible in the next two years, industry body CII’s President Vikram Kirloskar said on December 18 as he emphasizing that the government listened to the industry “word by word” on lowering rates. He said the industry pushed the government a lot for reducing the rates.

“For me, it was a surprise (when the government in September announced the significant cut in tax). I felt really good. I felt that they have listened to us. Very frankly and they listened ‘word to word’, “Kirloskar said.

FII and DII data

Foreign institutional investors (FIIs) bought shares worth Rs 1, 2020 ******************************** crore, while domestic institutional investors (DIIs) sold shares of worth Rs (***********************. crore in the Indian equity market on December (**********************************************************************, provisional data available on the NSE showed.

One stock under F&O ban on NSE

Yes Bank is under the F&O ban for December 25. Securities in the ban period under the F&O segment include companies in which the security has crossed (percent of the market-wide position limit.

With inputs from Reuters & other agenciesLIVE NOW … Video series on How to Double Your Monthly Income … where Rahul Shah, Ex- Swiss Investment Banker and one of India’s leading experts on wealth building, reveals his secret strategies for the first time ever. Register here to watch it for FREE.

************************** Read More************************

What do you think?

Leave a Reply

Your email address will not be published. Required fields are marked *

GIPHY App Key not set. Please check settings

[100%OFF]Create a Website with the Twenty Twenty Theme

Notarized letter allegedly by man found in Utah freezer says wife did not kill him – NBC News, NBC News

Notarized letter allegedly by man found in Utah freezer says wife did not kill him – NBC News, NBC News