Positives are Weighing Higher

Published on Oct 29, 2019. On September 20th 2019, Finance Minister Nirmala Sitharaman surprised the street with the steepest cut in Corporate Tax Rates ever. This was a booster for the falling stock market as the profit estimates revised immediately. Stock markets immediately reacted and gained more than 8% in two days only. The Nifty […]

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Picking up nickels in front of a steam roller…

Published on Sept 24, 2019. This is what many retail investors got into doing since last couple of years. The investing metaphor became a reality on Friday. Selling far strike options gradually got a lot of favoritism among retail investors in last few years mainly due to the rise of discount brokerages which made such […]

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Market Event – Corporate Tax Rate Cut

Published on Sept 21, 2019. Key Highlights – 1. FM cuts corporate tax rate from 30% to 22%. The effective tax rate for a large cap company reduced from 34.95% to 25.17%. Almost 10% reduction in absolute terms translating into 28% lesser tax outgo.2. Govt projects INR 1.45 trillion revenue loss for FY 20.  Impact […]

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