Today’s Intraday Option Performance CapitalHeight

BUY HINDALCO 250 CALL ABOVE 12.1

TG1 12.5 TG2 12.95 TG3 13.75 STOP LOSS 9.25

All Target Done

www.capitalheight.com/freetrial.php

Give Missed Call at +91 830-630-830-8

Gold Futures Rise 0.18% on Global Cues

Gold futures were trading up 0.18 per cent at Rs 29,778 per ten grams as traders raised bets amid positive cues from the global markets.

At the Multi Commodity Exchange, gold for delivery in February next year rose Rs 54, or 0.18 per cent, to Rs 29,863 per ten grams in a business turnover of 9 lots.

Similarly, the metal for delivery in December traded higher by Rs 50, or 0.15 per cent, to Rs 29,778 per ten grams in 378 lots.

Analysts attributed the rise in gold prices to a firming trend overseas where it rose to the highest in more than a week as an uptick in geopolitical uncertainty increased demand for the precious metal as a safe-haven but growing hopes that the US Federal Reserve will hike interest rates for the third time this year capped gains.

www.capitalheight.com/freetrial.php

Give Missed Call at +91 830-630-830-8

Top Stocks for Trade Today

शेयरों की हर हलचल पर पैनी नजर रखकर अपने निवेश को सुरक्षित जरूर किया जा सकता है। यहां हम बता रहे हैं ऐसे शेयर जो रहेंगे आज खबरों में और जिन पर होगी बाजार की नजर

फ्यूचर रिटेल / शॉपर्स स्टॉप

फ्यूचर रिटेल ने हाइपर सिटी को खरीदने का एलान किया है। फ्यूचर रिटेल ने 655 करोड़ रुपये में डील का एलान किया है। 3 से 5 महीने में सौदा पूरा होने की उम्मीद है।

आईडीएफसी / श्रीराम ट्रांसपोर्ट / आईडीएफसी बैंक

श्रीराम ग्रुप और आईडीएफसी ग्रुप ने सौदे पर बातचीत 1 महीने के लिए बढ़ाई है। आईडीएफसी और श्रीराम ट्रांसपोर्ट के मर्जर के सौदे पर बातचीत जारी है।

चीनी कंपनियां

अक्टूबर में चीनी उत्पादन लक्ष्य का सिर्फ 40 फीसदी रह सकता है। 8 लाख टन के मुकाबले सिर्फ 3.5 लाख टन चीनी उत्पादन संभव है। ज्यादातर चीनी मिलें अक्टूबर के पहले हफ्ते के बजाय चौथे हफ्ते में पेराई शुरू करेंगी।

जेएसडब्ल्यू एनर्जी / अदानी पावर / टाटा पावर

बिजली की स्पॉट कीमतें बढ़कर 5.62 रुपये प्रति केडब्ल्यूएच पर पहुंच गई हैं।

www.capitalheight.com/freetrial.php

Give Missed Call at +91 830-630-830-8

Market Live: Midcap Outperforms Sensex, Nifty reclaims 9750

Europe trade: Markets in Europe opened higher after President Donald Trump unveiled much-awaited tax plans. The pan-European Stoxx 600 0.04 percent higher with most of the sectors trading in positive territory.

Trump announced the biggest tax reform for the US in thirty years on Wednesday, proposing tax cuts for most citizens. However, the plan received some criticism for favoring the wealthier and raised doubts over its impact on the country’s deficit. Meanwhile, South Korean authorities said today that they foresee further provocative actions from neighboring North Korea in mid-October. Asian stocks were mixed as a result.

3 stocks go ex-bonus: BHEL, Bharat Electronics and Bharat Forge stocks prices adjusted for the bonus share issue in the proportion of 1 share for every two shares held, 1 share for every 10 shares held and 1 share for every share held, respectively. BHEL was up 1.14 percent at Rs 84.05 and Bharat Electronics gained 2.85 percent at Rs 165.80 but Bharat Forge fell a percent at Rs 602.30 per share post adjustment.

ICICI Lombard trade on second day: ICICI Lombard General Insurance share price fell 0.65 percent today to trade at Rs 676.75 on profit booking. In previous session, the stock closed 3 percent higher at Rs 681.20, against issue price of Rs 661 per share.

Gold over 1-month low: Gold fell to over one-month lows today as the dollar rose on expectations of a US interest rate hike in December. US gold futures for December delivery fell 0.36 percent to USD 1,283.10 a barrel.

www.capitalheight.com/freetrial.php

Give Missed Call at +91 830-630-830-8

Demonetization: Demand may Slowdown But not Evaporate, Says PC Jeweller

pc-jewellersIn the wake of demonetization of Rs 500 and Rs 1000 notes by the government earlier this month, the impact on jewellery sector has been adverse.

However, Sanjeev Bhatia, CFO, PC Jeweller   is not so worried and expects things to settle down with the upcoming wedding season. With the company largely catering to wedding jewellery, which is almost a compulsory purchase, Bhatia said the demand could get postponed but would not evaporate.

He is confident of things normalizing sooner than later. He told CNBC-TV18 that with the main season starting post Sankrant, the second half for the company would be on expected lines. In the first half company reported a 30 percent growth in topline.

It would be difficult to quantify the impact on their Q3 numbers as of now, said Bhatia. Post the demonetization news, some of their stores saw sales while others did not, he added.

He said according to their past experience, with any kind of destruction the purchases are either advanced or postponed. So, even though sales have slowed down, people have come out with other alternative arrangements like RTGS, cheques etc.

www.capitalheight.com/freetrial.php

Give Missed Call at +91 830-630-830-8

India to levy tax on investments from Cyprus from April 2017.

taxIndia and Cyprus today signed the revised bilateral tax treaty under which capital gains tax will be levied on sale of shares on investments made after April 1, 2017, bringing the island nation at par with Mauritius in terms of tax treatment.

The new agreement also provides for exchange of banking information and allows the use of such information for purposes other than taxation with prior approval of competent authorities of the country.

Both had earlier in June agreed to revise the over two decade old tax treaty and decided to grandfather investments made prior to April 1, 2017.

“The new DTAA provides for source-based taxation of capital gains arising from alienation of shares, instead of residence-based taxation provided under the existing DTAA.

However, a grandfathering clause has been provided for investments made prior to April 1, 2017, in respect of which capital gains would continue to be taxed in the country of which taxpayer is a resident,” a finance ministry statement said.

The new agreement provides for assistance between the two countries for collection of taxes.

It also updates the provisions related to exchange of information to accepted international standards, which will allow exchange of banking details and its use for purposes other than taxation with prior approval of competent authorities of the country providing the information.

The new agreement expands the scope of ‘permanent establishment’ and reduces the tax rate on royalty in the country from which payments are made to 10 per cent from the existing 15 per cent, in line with the tax rate under Indian tax laws.

It also updates the text of other provisions in accordance with the international standards and consistent policy of India in respect of tax treaties, the ministry added.

The completion of the negotiation on avoidance of double taxation and the prevention of fiscal evasion will also pave the way for the removal of Cyprus from the list of ‘Notified Jurisdictional Areas’ retrospectively from November 2013.

www.capitalheight.com/freetrial.php

Give Missed Call at +91 830-630-830-8

Retail inflation eases to 14-month low of 4.20% in October

inflationIndia’s annual consumer price inflation eased to 4.20 percent in October, its lowest level in 14 months, helped by smaller rises in food prices, government data showed on Tuesday.

The reading matched the median consensus in a Reuters’ poll of economists. Retail prices were up 4.39 percent on year in September.

Food inflation was 3.32 percent last month, lower than 3.96 percent recorded in September.

www.capitalheight.com/freetrial.php

Give Missed Call at +91 830-630-830-8

October CPI Inflation at 4.20%

October CPI Inflation stood at 4.20% versus 4.31% MoM. Food Inflation at 3.2% as against 3.96% in September 2016.

October Cereals and Products Inflation at 4.4% over 4.17%. Pan, Tobacco, Intoxicants inflation at 7.09% compared with 6.82% in September.

Provisional indices for the month of October 2016 and also the final indices for September 2016 are being released with this note for all-India and for State/UTs. All-India provisional General (all-groups), Group and Sub-group level CPI and CFPI numbers for October 2016 for Rural, Urban and Combined are given in Annexure I. The inflation rates of important categories of items are given in Annexure II. State/UT wise provisional General CPI numbers for Rural, Urban and Combined are given in Annexure III.

Inflation rates of major States, having population more than 50 lakhs as per population Census 2011, are given in Annexure IV. All India Inflation rates (on point to point basis i.e. current month over same month of last year, i.e., October 2016 over October 2015), based on General Indices and CFPIs .

CPI

Monthly changes in the General Indices and CFPIs are given below:

cpi-2

Provisional indices for the month of October 2016 and also the final indices for September 2016 are being released with this note for all-India and for State/UTs. All-India provisional General (all-groups), Group and Sub-group level CPI and CFPI numbers for October 2016 for Rural, Urban and Combined are given in Annexure I. The inflation rates of important categories of items are given in Annexure II. State/UT wise provisional General CPI numbers for Rural, Urban and Combined are given in Annexure III. Inflation rates of major States, having population more than 50 lakhs as per population Census 2011, are given in Annexure IV. State/UT–wise Group CPIs are available on the Ministry’s website (www.mospi.gov.in).

Price data are collected from selected towns by the Field Operations Division of NSSO and from selected villages by the Department of Posts. Price data are received through web portals, maintained by the National Informatics Centre.

Annexure I

All India Consumer Price Indices

(Base: 2012=100)

annexture-1

annexture-2

annexture-3

www.capitalheight.com/freetrial.php

Give Missed Call at +91 830-630-830-8

Here’s what Raghuram Rajan had to say about demonetisation

Raghuram RajanWhile the government’s demonetization initiative has been applauded by many for its impact on black money, former Reserve Bank Governor Raghuram Rajan had a different take on the subject. “It (demonetization) is often cited as a solution (to get black money out of circulation). Unfortunately, my sense is the clever find ways around it,” he had said at the 20th Lalit Doshi Memorial lecture on ‘Finance and Opportunity in India’ in August 2014.

Rajan believed it is not that easy to flush out the black money. “They (people) find ways to divide up their hoard in to many smaller pieces. You do find that people who haven’t thought of a way to convert black to white, throw it into the Hundi in some temples. I think there are ways around demonetization,” an article by The Huffington Post said quoting Rajan.

Rajan also noted that a fair amount of the black money is in the form of gold which is even harder to track.

Instead, the focus, according to Rajan, should be taxes that prove to be among the major incentives to generate and retain black money. While noting India’s tax rates are fair and drawing attention to the high tax rates in some other countries, he said he would prefer to focus more on tracking data and better tax administration to get at where money is not being declared.

“I think it is very hard in this modern economy to hide your money that easily.”

www.capitalheight.com/freetrial.php

Give Missed Call at +91 830-630-830-8

1 2 3 45