Market Daddy | Share Bazar Live | Share Market News

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...

ICICI Bank Extends Gain After Q3 Asset Quality Improves , Sacks Chanda Kochhar Shares of ICICI Bank extended gains for the third day and rose as much as 2.3 per cent, to Rs 374.45. The stock was the best performer on Sensex and Nifty. The lender’s enquiry committee headed by former Supreme Court judge BN Srikrishna found Chanda Kochhar was in violation of bank’s code of conduct for conflict of interest. Bank will seek clawback of all bonuses paid to her from April 2009 until March 2018. ICICI Bank Futures Price  (Expiry: 31-01-2019)  : 366.20    18.00 (5.16%) Open Price 352.30 Prev. Close 348.20 Open interest 45663750 High Price 368.50 Turnover (₹ in Lakhs) 381664.00 Open Interest Change -13508000 Low Price 351.80 No. Of Contracts Traded 38361 Open Interest Change(%) 10.04% BSE live: Sensex up 200 points, Nifty near 10,700; ICICI Bank, Tata Steel shares rally The domestic stock markets --Sensex and Nifty-- opened higher tracking positive globa...

MUMBAI: Axis Bank on Tuesday announced that it has posted the strongest profit numbers in 11 quarters with an all-around improvement in its key business metrics and asset quality. The bank’s net profit for the third quarter (October-December) more than doubled to Rs 1,681 crore year-on-year, and operating profit grew 43 per cent to hit Rs 5,525 crore. During the quarter, the bank’s domestic loans grew at 18 per cent on the year, and total deposits by 26 per cent. Axis Bank Q3: Profit surges to Rs 1,680.8 crore versus Rs 726 crore; NII rises 18.4 per cent to Rs 5,603.6 crore versus Rs 4731.5 crore YoY. Gross NPA improves to 5.75 per cent versus 5.94 per cent and net NPA to Rs 2.36 per cent versus 2.54 per cent QoQ. HCL Technologies Q3: Profit rises 2.8 percent to Rs 2,611 crore versus Rs 2,540 crore; revenue jumps 5.6 percent to Rs 15,699 crore versus Rs 14,861 crore QoQ. Revenue in constant currency also up 5.6 percent QoQ. Rupee Opens: The Indian rupee opened lower by...

Adani Ports , Adani Power Rebound After Falling Sharply In Yesterday's Session Shares of Adani Power and Adani Ports rebounded after witnessing heavy selling pressure in yesterday's session. Adani Ports rose as much as 4.60 per cent to Rs 341. Adani Power rose as much as 10 per cent to Rs 44. Market at pre-open : Indian indices are mixed in the pre-opening session with Nifty trading below 10,650 level. At 09:03 hrs IST, the Sensex is up 112.55 points or 0.32% at 35769.25, and the Nifty down 13.60 points at 10647. Tata Steel down 10 per cent and Ceat down 5 per cent in the pre-opening trade, while Zee Entertainment gained 3 per cent. Adani Port, HCL Tech, UltraTech Cement, are among major gainers on the indices, while losers are Bank of India, Yes Bank, Bajaj Finserv, M&M, Gail, Cipla, Dish TV, Zee Entertainment, Titan and Tata Power. Rupee opens lower per US dollar as global oil prices rise The rupee on Tuesday opened on a weak note against the US dol...

Coffee Day Enterprises said it would take required action in the next few days to get a portion of IT firm Mindtree shares -- owned by the company and its promoter VG Siddhartha -- released by the Income Tax Department.  Zee Entertainment Jumps Over 14%, Top Performer On Nifty Shares of Zee Entertainment rose as much as 14.8 per cent, its best intraday gain since May 2009, to Rs 365.40. The market capitalisation of Zee Group companies eroded nearly Rs 14,000 crore on Friday after a report said its controlling shareholder Essel Group’s name emerged in a probe linked to large deposits made after demonetisation. Trading Volume was 80.3 times its 30-day average, Bloomberg data showed. The Relative Strength Index was at 29, indicating that the stock may be oversold. The stock was the best performer on Nifty. Maruti Suzuki shares will assume focus after the firm reported results below street estimates on Friday.  Maruti Suzuki share price plunged by more than 8% to Rs 6...

As India celebrates its 70th Republic Day, stay logged in to catch the celebrations in New Delhi and other parts of India. Republic Day 2019 Parade: The Prime Minister Narendra Modi laid a floral wreath at the Amar Jawan Jyoti which was followed by the unfurling of the flag by President Ram Nath Kovind. Jan 26, 10:28 AM (IST) The Air Force Marching Contingent is now in front of the stage. The air warriors are marching with rifles in ‘Bagal shashtra’, while the pistols of the officers are being secured in their holsters.  Jan 26, 10:24 AM (IST)    The Naval Contingent is now passing from the front of the stage. The contingent comprises of 144 young sailors led by Lieutenant Commander Ambika Sudhakar as Contingent Commander.  Jan 26, 10:23 AM (IST)    Assam Rifles is leading the marching Contingents of Para-Military and other Auxiliary Civil Forces. It will be followed by the Indian Coast Guard, Central Reserve Police Force, ...

Shares of Yes Bank added 10 per cent in the early trade on Friday on the back of appointment of Ravneet Gill as new MD & CEO of the company. In the previous trading session, the share closed up 8.39 per cent at Rs 213.85. Yesterday, the bank announced the appointment of Ravneet Gill as MD and CEO w.e.f March 1, 2019. Currently, Gill is the CEO of Deutsche Bank, India. Rana Kapoor will step down as MD & CEO of the bank on the closing of January 31, 2019. Yes, Bank's net profit stood at Rs. 1,002 crores ($140.73 million) in the three-month period, according to the statement. Net profit for the corresponding period a year ago was at Rs. 1,077 crores. The bank's net profit fell short of analysts' estimates. Analysts had estimated the bank to report a profit of Rs. 1,060 crore for the quarter ended December 31, 2018, news agency Reuters ported citing data from Refinitiv. Yes, Bank shares closed 14.3 per cent higher at Rs. 225.50 apiece on the NSE, outper...