Rohit Wealth Builder

30/12/2020

https://www.news18.com/news/business/income-tax-return-filing-deadline-extended-till-january-10-2021-3230501.html

The Income Tax Department on Wednesday extended the dates for furnishing returns in view of the challenges faced by taxpayers in meeting statutory compliances due to outbreak of COVID-19.

13/04/2020

11/09/2018

https://www.financialexpress.com/industry/icici-banks-files-insolvency-plea-against-jaiprakash-associates/1308777/

Leading private sector lender ICICI Bank has filed insolvency petition against Jaiprakash Associates before the National Company Law Tribunal (NCLT).

18/07/2018

https://www.facebook.com/157671354275436/posts/2225171694192048/

The Madhya Pradesh High Court has upheld a hefty fine of Rs 1,32,13,683 imposed on a company for errors in the e-Way bill, triggering a nation-wide transport protest from July 20.

14/06/2018

https://www.simpletaxindia.net/2018/06/50-lakh-free-insurance-with-mutual-fund-SIP.html?utm_source=dlvr.it&utm_medium=facebook&m=1

Do you know your mutual fund investment can get ouo free life insurance cover as well Though investing in equity through mutual funds...

09/03/2018

Really useful, indeed.

24/11/2017

Hope is necessary in every condition - Samuel Johnson

The markets will hope that Thursday’s slide in Chinese stocks following the government’s tightening rules on lending, does not spread to other markets. Early signs this morning are encouraging as Asian markets including China have seen some rebound. US markets were closed for Thanksgiving. The euro-area economy is said to have gathered pace in November. However, ECB minutes show the central bank is not much in favour of putting an end date to its bond-buying programme. The outlook is a cautious start after Sensex and Nifty ended flat in a range-bound trading session. President Ram Nath Kovind signed the ordinance amending the Insolvency and Bankruptcy Code restricting defaulters from bidding for their distressed assets. The FOMC minutes added pressure to the dollar while the rupee closed at a three-week high.

10/11/2017

Updates on 23rd Meeting of GST Council at Guwahati. 1.Sushil Modi , has tweeted that GST rates on 177 item has been reduced to from 28 to 18% . 2. Only 50 goods remains in 28% slabs mainly Air conditioner ,washing machine etc. 3. GSTCouncil decides rate for traders & manufacturing under composition…

22/10/2017

Corporate News


· Power Grid Corp won a bid for the India Eastern Region Project. It will set up 400 KV line and three substations under project
· Axis Bank to keep MCLR unchanged effective from October 18
· Future Consumer enters into JV pact with EK Sons Agro for distribution of wheat products
· RBI hikes Claris Lifesciences’ FPI investment limit to 49%; NRI limit at 24%
· JBF Industries in talks for strategic stake sale. Suitors include RIL, Indorama group and The Chatterjee Group
· Astrazeneca Pharma received DCGI approval to market its XIGDUO XR Tablets used for the treatment of type-2 diabetes in adults
· Nila Infrastructure will merge real estate business into unit PSL, following which PSL will be listed
· GNFC to list GDRs of the company on the Luxembourg Stock Exchange from December 12
· Control Print shareholders approve raising of funds via issue of securities
· Sutlej Textiles and Industries to invest US $5mn in U.S. unit. It will acquire the design, sales and distribution business of American Si lakh Mills
· Government imposes anti-dumping duty on flat steel products from China and European Union countries
· Diesel generators banned in Delhi as air quality enters ‘Red Zone’

Economy News

· Leather exports likely to surge 10% by 2019: C R Chaudhary
· Commerce Minister writes to FM to address exporters concerns
· IMF suggest India to consider setting up an independent fiscal council
· Rajiv Kumar pitches for fiscal stimulus to boost Indian economy
· Infra sector investment, bankruptcy reforms at the top of government's agenda says Economic Affairs Secretary

11/09/2017

04/09/2017

North Korean tension resurfaces with Asian indices seeing weakness.Flight to safety sees Gold hit year high & Japanese "yen" gains ground.

Asian indices opened weak after North Korea tested another missile over the weekend.This saw gold prices hit fresh new highs for the year & Japanese "yen" get stronger as money chased safety.With US markets closed today for labor day expect European indices to dictate the way forward as S&P futures trade weak.

Nifty saw a sharp rally on first day of the September series as fresh build up of new positions spurred the indices.Metals, pharma & reality were the prime movers while IT stocks saw profit booking.For today expect weakness in the morning with banks, financials & metals under pressure.

Technical view: Nifty finds support around 9784 which was last week's low while 10045 will act as resistance on the upside.Bank Nifty finds support around 24103 while 24650 will act as resistance on the upside.

Trading ideas(Time period:1-14 days) SELL Bharat Forge September future @ 1140-1144, stop loss 1164 & target 1121

Derivative strategy(Time period:Till expiry) BUY Coal India September future @ 239-241, stop loss 235 & target 245