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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