Friday, 20 September 2019

Tax bonanza to revive animal spirits | S&P says FM's move credit negative | Investors richer by Rs 7L cr in a day

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DAILY BRIEF

Fri, Sep 20, 2019

#Gold#SmallcapHunters#IPOs#ExpertViews#StockRecos
TOP OF THE DAY
It's a bazooka, should revive animal spirits in economy, says D-Street
The rate of Minimum Alternative Tax has been reduced from 18.5 per cent to 15 per cent.
Fabulous Friday: D-Street investors richer by Rs 7 lakh crore in a day
Effective tax outgo falls by 28% for biggies, by 13% for smaller firms
India is going to leapfrog like Japan did in 1960s: Ramesh Damani
S&P Global says corporate tax cut 'credit negative'
FPIs turn bullish on India, say tax cut eases worries over economy
After Market: Auto and bank stocks fly high; IT sector sole loser

Top Gainers

NSE
97 companies (largecap) appreciated more than 5%
Ashok Leyland 18.49%
Page Industries 15.61%
More from Gainers

Top Losers

NSE
10 companies (largecap) price decreased more than -1%
Dabur India -2.80%
PowerGrid -2.46%
More from Losers

52 Week High

NSE
41 companies touched new 52-week high today
Westlife Deve 13.51%
SKF India 12.80%
More from 52 Week High
AdvertorialPenalty you will pay for missing ITR filing deadline and who won't have to pay
If you file your return after midnight of Aug 31, then you are liable to pay a late fee of upto Rs 10,000.
AdvertorialGen 5 Fossil Touchscreen Smartwatch comes with Google Assistant, multi-day battery life
The inbuilt speaker allows the wearer to answer phone calls right from the wrist.
Nifty breaks 50, 100, 200 DMAs in one stroke; profit taking likely
Friday's rally negated fears of Nifty testing its swing low of 10,637 anytime soon.
Das says more rate cuts to depend on data
Tax cut to add 8% to Nifty EPS; 20 index stocks to see 10% earnings gains
F&O: Nifty forms big bullish candle; small fall in India VIX a concern
RECOMMENDATIONS
Infosys Ltd. Buy
Sun Pharmaceutical Industries Ltd. Sell
Indraprastha Gas Ltd. Sell
UPL Ltd. Buy
Tata Motors Ltd. Buy
Manufacturing now a high priority sector for investors: Bhargava
There is suddenly focus on manufacturing, making it a very attractive avenue for investment.
Finally, we got the big bang reforms we were asking for: Ajay Piramal
FM Booster 4.0: Experts cheer tax cuts, say move to arrest slowdown
Gold demand muted in India ahead of festivals
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Sitharaman turns around many rules of business in one go

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THE ECONOMIC TIMES
Fri, Sep 20, 2019 | 04:26 PM IST

Daily Newsletter

Sitharaman turns around many rules of business in one go

The move puts India's tax rate on par with Asian peers and will boost efforts to attract investment.

D-Street spins Rs 7 lakh crore wealth in a day

Analysts said that the move should aid Nifty earnings per share (EPS)....

Corporate tax rate cut, the best reform so far

A lower rate --comparable with Asian peers -- and sans any exemptions, will make large Indian companies far more comp...

Budget gap seen widening to 4-year high on tax cuts

The median of the survey of seven economists showed fiscal deficit may rise to 3.9 per cent of GDP.

Taxing sugar for a fitter India
Policymakers can use tax on India's sugar products to nudge consumers into making healthy choices.
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The two ways of investing – active and passive; what's your choice?
The passive-active investment debate is not a new one, it goes back to 1975 when the celebrated American investor John Bogle, founder The Vanguard Group, created the first index fund.
FEATURED STORIES
Plot lines of this surprise Friday blockbuster Plot lines of this surprise Friday blockbuster
On the move's likely impact on deficit impact, Sitharaman said the effect is being closely monitored....read more
Sensex regains Mt 38K; what does it mean for MFs? » 
Houston all set to welcome Modi for mega event » 
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Can packaging become a full-scale data carrier & digital tool? Tetra Pak thinks so

The future is now and it is digital!

Finally, we got the big bang reforms we were asking for Finally, we got the big bang reforms we were asking for...
Ajay Piramal, Piramal Group
Market Watch 20 Sep | 04:26PM|
SENSEX NIFTY USD/INR GOLD
38014.62
1921.15
11274.20
569.40
71.09
-0.25
37543.00
-143.00
MARKET NEWS
Corporate Tax cut likely to add 8% to Nifty EPS

The government has projected Rs 1.45 lakh crore in revenue losses to come from this move....

Effective tax outgo falls by 28% for biggies, 13% for smaller cos

Analysts say the tax cuts triggered huge short covering in top stocks....

Gainers Losers 20 Sep, 2019, 04:26PM IST, PTI|View All
Company Name Live Price Change (%) Volume High Low
Edelweiss Financial Services 124.75 19.15 818108 125.6 104.6
Ashok Leyland 69.25 18.68 8838036 70.1 57.75
NCC 60.55 17.23 3253211 61.0 50.95
ICICI Securities 271.65 17.07 63303 275.05 227.0
Bombay Burmah 1277.80 16.83 114138 1290.9 1086.1
MORE LINKS:Gainers|Losers|Movers|Only Buyers|Only Sellers|Surging Volumes|Indices
FEATURED SLIDESHOW
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This bus brings alma mater to displaced Syrian children
Heavy rain brings Houston to a halt ahead of mega 'Howdy Modi' event
Heavy rain brings Houston to a halt ahead of mega 'Howdy Modi' event
Why brownface is part of a racist face makeup history
Why brownface is part of a racist face makeup history
Why millions of kids around the world are skipping school today
Why millions of kids around the world are skipping school today
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FROM THE NEWSPAPER
India's richest man & his rivals fight over missed calls

Telcos are accusing one another of foul play after Trai ordered a review of its order scrapping IUC....

MFs split over giving more time to Essel

Some big MFs ready to give Essel promoters three more months to repay, others against it....

Tax sops may push electric vehicles: Tata Motors

Automaker plans to launch its first EV for personal buyers in fourth quarter this fiscal....

Companies keep off the cards table this Diwali

This year, several big playing card suppliers and manufacturers from different cities said sales are down up to 40% c...

Alia Bhatt swears by FDs, bonds; prefers land to gold

One of India's highest-paid celebrities says she has no one qualms about living on a budget....

VIDEOS
Friday Blockbuster: Govt cuts corp tax
ET More NewsletterFriday Blockbuster: Govt cuts corp tax
Sensex surges over 1,900 pts over tax cut
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There can't be a better day for India: Agarwal
ET More NewsletterThere can't be a better day for India: Agarwal
'Govt trying to revive 'animal spirit''
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Ralph Lauren wants to celebrate 'Friends' anniversary, announces workwear line inspired by Rachel Green
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Brad Pitt opens up about confronting Weinstein over Gwyneth Paltrow
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