Why UAE NRIs Don’t Pay Capital Gains Tax On Mfs In India
Non-resident Indians (NRIs), particularly those residing in the United Arab Emirates (UAE), enjoy significant tax benefits on their investments in mutual funds (MFs) in India. These benefits stem from a Double Taxation Avoidance Agreement (DTAA) signed between India and the UAE, providing relief from capital gains taxation. However, navigating these benefits requires a thorough...
Market Morning Notes For 28th Feb 2024
Markets witnessed low volatility on Tuesday with Nifty turning range bound but managed to put modest gains to close around 22,200. It opened on a negative note followed by choppy moves towards ending on a subdued note. In Nifty future, the breakout levels are revised to 22,300 from earlier 22,250 to force Nifty to scale towards 23,300. Bullish momentum is likely to continue as long as the...
Exicom Tele-Systems Ltd. (Subscribe)
Highlights Issue Size –: 30,211,214 sharesIssue Open/Close – 27 Feb / 29 Feb, 2024Price Band (Rs.) 135 – 142Issue Size (Rs.) – 4,290 mnFace Value (Rs) 10Lot Size (shares) 100 Exicom Tele-Systems Limited (ETSL) incorporated in 1994, is an India headquartered power management solutions provider, operating under two business verticals (I) Critical Power Business and (ii)...
Market Morning Notes For 27th Feb 2024
Markets remained under pressure on Monday after Nifty futures failed to open above the crucial hurdle of 22,250 and was followed by a lower closing of 0.3% despite robust global markets. The current consolidation could be on the back of rollover activity as we move closer to expiry while a higher premium in the next month’s futures and a higher number of stocks in the F&O ban list...
Market Morning Notes For 26th Feb 2024
Markets for the week ended with modest gains with Nifty rallying 0.7% and managed to post all-time weekly closing high on back robust liquidity in the global markets. Based on price action in the last week, it can be clearly seen that multiple attempts to close above 22,250 in Nifty Futures have been unsuccessful which has led to the inactivation of the breakout. However, in the current week,...
Market Morning Notes For 23rd Feb 2024
Markets witnessed a volatile session on Thursday with Nifty not only recouping early morning losses but ended with gains with 200 points in Nifty futures. The breakout has been confirmed after closing above 22,250 in Nifty futures and is expected to force a short covering rally towards 23,200 in the coming days. Weakness in the Japanese Yen in the past few days has been a key trigger for...
Market Morning Notes For 22nd Feb 2024
Markets reacted sharply from highs on Wednesday to end in the negative terrain ahead of Fed minutes with Nifty ending closer to 22,000 levels. The Fed minutes admitted that current rates remain significantly higher but failed to provide a clear-cut stance in a number of rate cuts in 2024. The market is expected to consider these comments positively and is expected to surge 5-6% in the coming...
Juniper Hotels Limited (Subscribe)
Highlights Issue Size –: 50,000,000 sharesIssue Open/Close – 21 Feb / 23 Feb, 2024Price Band (Rs.) 342 – 360Issue Size (Rs.) – 18,000 mnFace Value (Rs) 10Lot Size (shares) 40 Juniper Hotels Limited (JHL) is a flagship entity of Saraf Group incorporated in 2003 it is a joint venture between Saraf Hotels and Two Seas Holdings. JHL is a luxury hotel development and ownership...
Market Morning Notes For 21st Feb 2024
Markets extended gains on Tuesday despite initial lower opening with Nifty Bank rebounding sharply and closing with gain over 1%. Nifty has managed to post closing at all-time high with breakout evident after trading sideways movement for more than a month. An immediate upside for Nifty is seen towards 23,200 while 21,900 is expected to act as a major support. Much would also depend on U.S...