The Central Board of Direct Taxes (CBDT) through a notification said the exemptions would come into effect from April 1, 2020, and shall be applicable for the assessment year 2020-21 and thereafter.
Revenue from operations during the quarter declined 19.8 percent year-on-year to Rs 21,456.2 crore, while the quarter-on-quarter fall was 9.5 percent.
"The broader trend on the COMEX could be in the range of $1,740-1,790/oz. On the domestic front, prices could hover in the range of Rs 47,900-48,550," said Navneet Damani, Vice President, Motilal Oswal
With the S&P 500 up 18 percent in the quarter ending on Tuesday and just 10 percent below its February record high, investors are parsing an array of factors that could weigh on stocks in the months ahead, including potential delays in reopening parts of the US economy and sky-high stock valuations.
The proposal to centralise stamp-duty collection through exchanges and depositories was made in the February 2019 Budget and the notification with final guidelines was issued on December 10.
Mazhar Mohammad of Chartviewindia.in advised positional traders to short the Nifty if it closes below 10,194 and look for a target of 9,860.
Long buildup was seen in stocks like BEL, Jindal Steel, Balkrishna Industries, and SAIL.
In an update on June 29, the regulator said it is awaiting response to the clarification sought on June 26 from the lead manager of the public issue.
Motilal Oswal feels Dabur offers the best visibility among peers in its coverage universe due to its rural dependence and a large part of its portfolio being non-discretionary in nature.
Glenmark reported 36 percent year-on-year increase in Q4FY20 profit at Rs 220 crore and 8 percent growth in revenue at Rs 2,764 crore during the quarter compared to year-ago.
Forex traders said rupee traded in a narrow range as positive domestic equities supported the local unit, while foreign fund outflows and concerns over rising COVID-19 cases weighed on investor sentiment.
In the futures market, silver for September delivery touched an intraday high of Rs 49,300 and a low of Rs 49,064 per kg on the MCX.
Watch the video to find out if investors should keep an eye on Galaxy Surfactants' stock
Even though most investors might be seeing a drawdown of more than 10 percent in their portfolios, the party is not over for equity markets, not yet, say experts.
Gold may continue to witness choppy trade with key focus on the key USD 1800/oz level however the general bias may be on the upside unless we see a significant improvement in risk sentiment.
We believe that sector allocation and stock selection will be the key to generate alpha going forward.
The investors who lost money in the crisis have started to recover their losses and the next six-month period would also give good opportunities to the new investors, said Garg
For 2019-20 fiscal, the company posted a consolidated net profit of Rs 1,422.57 crore as against Rs 1,130.61 crore in 2018-19, it added.
The more-active Brent crude futures for September fell 24 cents, or 0.6%, to $41.61 a barrel by 0610 GMT, paring Monday's 92 cent gain. The August contract, which expires on Tuesday, fell 24 cents to $41.47.
Private equity has also been trying to build up their equity position in rent yield commercial assets like office, warehousing etc. But their share in overall investments dropped eventually.
As per ICICI Direct, a robust order book provides revenue visibility to the company over the medium-to-long term.
SEBI has reportedly given the auditor Chokshi & Chokshi time until first week of August to submit its findings.
Here is a list of stocks in which foreign brokerages have raised the target price:
HUDCO, on June 26, reported a whopping 86.6% YoY growth in consolidated profit at Rs 440.9 crore for the quarter ended March 2020
Even though the company reported a weak set of quarterly numbers, brokerage firm Motilal Oswal Financial Services has maintained a 'buy' call on the stock with a target price of Rs 245.