Skip to main content

Market open: Sensex, Nifty Open Higher,Realty Shares Rally

Market open: Sensex, Nifty Open Higher

Indian equity benchmarks opened higher following gains in their Asian peers after the U.S. President Donald Trump postponed the date for boosting tariffs on Chinese imports. The S&P BSE Sensex Index rose as much as 0.43 per cent to 36,027 and the NSE Nifty 50 Index rose as much as 0.32 per cent to 10,826.35.
The market breadth was tilted in favour of buyers. About 970stocks advanced and 459 shares declined on the National Stock Exchange. All the sectoral gauges compiled by NSE advanced, led by the NSE Nifty Realty Index’s 2.1 per cent gain.

Realty Shares Rally



Realty Index Extend Rally On GST Relief - The NSE Nifty Realty Index extended gains for the sixth consecutive trading session, its longest gaining streak in nearly four months. This after the Goods and Services Tax Council approved lowering the tax rate on under-construction properties to 5 per cent without the input tax credit, from 12 per cent earlier, while the affordable housing projects will attract 1 per cent tax as against 8 per cent earlier.


STOCKS IN FOCUS

Realty stocks: The GST Council on Sunday slashed the GST rates on under-construction residential properties to 5 per cent without input tax credit (ITC), from the existing 12 per cent.

Jet Airways:  The crisis-hit airline said late on Friday that its shareholders approved a plan to convert existing debt to equity, paving the way for its lenders to infuse funds and nominate directors to its board.

Wipro: The IT services firm on Sunday said it has received approval from a majority of its shareholders for the issue of bonus shares and increase in authorised share capital.

Rupee Opens: The Indian rupee gained in the early trade on Monday. It opened higher by 12 paise at 71.02 per dollar versus previous close 71.14.

Major gainers on the indices- Indiabulls Housing, JSW Steel, Yes Bank, Maruti Suzuki, Hero Moto, Tech Mahindra, Tata Steel, DLF, Sobha, Oberoi Realty, Sunteck Realty, GVK Power, Reliance Capital, Godrej Properties,while losers are Adani Port, Mindtree, Jet Airways, IIFL Holding and Motilal Oswal.


Sensex | Share Market | Real State Shares | Rupee Update
Labels:

Comments

  1. Vignesh15 June 2022 at 16:32

    The law is designed to prevent a person from using his authorised share capitalfor any purpose other than that for which it was originally issued.

    ReplyDelete

Post a Comment

Popular posts from this blog

Stock Market News - Budget 2020 | Removal of exemptions in new tex regime to impact life insurers, MFs

A salaried professional opting for a lower rate of tax under the new regime will not be eligible for deductions, including insurance premium paid and ELSS investments. Removal of tax exemptions under Section 80C in the new tax regime could be a dampener for life insurance products as well as equity-linked savings schemes (ELSS) of mutual funds. In her Budget speech on February 1, Finance Minister Nirmala Sitharaman said a salaried professional opting for a lower tax rate under the new regime will not be eligible for deductions, including insurance premium paid and ELSS investments. “The removal of 80C benefit may pose a risk to new business volumes of life insurance companies,” said Kotak Institutional Equities in a report. Life insurance Tax exemptions are an important incentive for purchase of life insurance. To be eligible for exemption under Section 80C, the sum assured has to be 10 times the annual premium. This is part of the Rs 1.5 lakh limit under ...
13 comments
Read more

Stock Market News - FDC share price at 52-week high on GMP certificate from UK health regulator

The certificate came after a recent inspection of the company's facilities in Goa. FDC  share price touched a 52-week high of Rs 222, rising more than 5 percent in the morning trade on January 3 after the company received the good manufacturing practice (GMP) certificate from the UK's health regulator. The UK's Medicines and Healthcare Products Regulatory Agency also continued with its approved status for the company's two facilities in Verna, Goa. The GMP certificate was issued after a recent inspection of the two plants. At 1018 hours, FDC was quoting at Rs 218.00, up Rs 7.30, or 3.46 percent. The share price has risen 30 percent in the last three months. GNFC share price down 2% after DoT seeks Rs 15K cr in telecom dues DoT sent the company a demand notice for Rs 15,019 crore, taking to Rs 3.13 lakh crore the amount it has sought from non-telecom companies following a Supreme Court ruling. The share price of  Gujarat Narmada Valley Fertili...
3 comments
Read more

Budget 2019 : LTCG Tax, GST, Home Loans, farmer income scheme needs to be focus

Budget 2018 was the last full-fledged budget presented by the government led by Narendra Modi. Long Term Capital Gains (LTCG) tax on profit earned from the sale of equity shares listed on a recognized stock exchange in India. The LTCG tax was re-introduced after a time gap of 14 years. The provisions were closely followed since they impacted the majority of taxpayers of the country. The tax was levied at the rate of 10 per cent (plus applicable surcharge and cess) while providing relief from gains accrued up to January 31, 2018, i.e., a mechanism was derived wherein the stock price as on 31 January 2018 was considered as the deemed cost, provided it is beneficial to the taxpayer. Following are some of the illustrative points: Treatment of compulsorily convertible instruments – The current provisions do not provide clarity on the cost to be adopted for the purpose of computation of capital gains in case of instruments that are compulsorily converted into equity sh...
1 comment
Read more