DHFL is in liquidation process! Whats the right of investors now!

DHFL is in liquidation process.

So investors who invested in Fixed Deposits of DHFL will have to submit the claim form with proof and  mail it to ( dhfladministrator@dhfl.com )and also sent it to the administrator at the address mentioned against entry no 10. 

All DHFL FDR copies self attested ( matured or premature case) has to be submitted.

Do not send original FDRs

Documents to be sent at below mentioned address :

HDIL Towers, Anant Kanekar Marg, Station Road Bandra ( East ), Mumbai 400051

The claim form has to be sent with proof before 17th Dec 2019.

RBI POLICY

RBI POLICY

*RBI Monetary Policy - Key Takeaways*

*KEY TAKEAWAYS*

* Repo rate unchanged at 5.15%

* Reverse repo rate stays unchanged at 4.90%

* MSF, Bank Rate unchanged at 5.40%

* MPC unanimously votes for status quo on repo rate

* Based on CPI-GDP dynamics, MPC felt pause was appropriate

* MPC recognises "there is monetary policy space for future"

 

*POLICY STANCE*

* MPC to continue with accommodative stance

* MPC's accommodative stance "as long as it is necessary"

* MPC stance aimed to revive growth while ensuring CPI in band

 

*INFLATION*

* CPI projection raised to 4.7-5.1% Oct-Mar

* CPI projection raised to 3.8-4.0% Apr-Sep 2020

* Risks to inflation projections "broadly balanced"

* MPC sees inflation rising in near-term

* MPC sees CPI moderate below target by Jul-Sep 2020

* Need to carefully monitor fresh data for CPI outlook clarity

 

*ECONOMY*

* FY20 real GDP growth seen 5.0% from 6.1% set in Oct

* Oct-Mar GDP seen 4.9-5.5%

* Apr-Sep 2020 GDP seen 5.9-6.3%

* MPC notes economic activity has weakened further

* MPC sees govt, policy steps gradually feed into real economy

* Data showing some early signs of recovery in invest activity

* Need to see sustainability of investment activity recovery

* MPC sees need to address impediments holding back investment

* MPC sees external benchmarks strengthen monetary transmission

* Need greater flexibility in small savings rate adjustments

* See FY21 Budget provide insight into further steps by govt

* see FY21 Budget shed light on govt policy impact on growth

* MPC meeting minutes to be published on Dec 19

* Next MPC meeting to be held from Feb 4-6

* Delay in domestic demand revival downside risk for GDP

* Slower domestic demand reflecting in softening in CPI

* See price rise in milk, pulses, sugar sustaining

* Oct CPI print "was much higher than expected"

* FX reserves at $451.7 bln on Dec 3, up $38.8 bln from Mar 31

* Net disbursals of FX borrowings up $11.5 bln Apr-Oct

* Median bank term deposit rates down 47 bps Feb-Nov

* Bank deposit rate down by 9 bps Oct vs just 7 bps in Feb-Sep

* Fall in deposit rate augurs well for loan rate transmission

Heromoto Management commentory

HERO MOTOCORP (HEROMOTO)

Management Insight

Trading View on Nifty and Banknifty future

support and resistance

 [27/09, 8:52 AM] Market Drona: Goodmorning!

As mentioned earlier big fisheries are eating retailers and jobbers!!

And I tried to read the data and tools to help ourself to be in right direction and effectively time the market by option and future on Indexes!  

Banknifty future Support at 29560/990/30150 to be on long side and Nifty future 11540 is the hope of the day! 

Bulls are well positioned above that.

Happy Trading!

Regards

EmmKay

Nifty and banknifty future Support and resistance

Support and resistance

Goodmorning!

Nothing change in the world and in the Indian economy apart of govt said they will take lower tax from Corporate! Which change the earning and overall scenario of index earning! Though just 6000 crs made a surge of 11%, it's area of thought. 

No change in view on

Nifty and banknifty at future levels as given below and shared earlier:

Indexes, Banknifty 30350/30200 are support and 30850/31660 resistence! 

Niftyfuture 11550/11680 are   Support  and resistances at  11770/11810  !

Happy Trading!!

GST rate cut on room tariffs; Double bonanza

*Hotels: GST rate cut on room tariffs; Double bonanza (Corp + GST cut)*

• FM today provided bonanza to corporates with reduction in tax rate from 34.3% to 25.2%.

• *GST council has provided another booster shot.* 

• *GST rates on room tariffs has been reduced as under*

*ADR upto*

Rs 1,000 – nil

Rs 1,000-Rs 7500 – from 18% to 12% and

Rs 7,500+ - from 28% to 18%

• *This should help Hoteliers to stimulate demand and consequently raise tariffs.* 

• Tax rates on hotels especially in the luxury segment had been one of the highest in India. 

• Government focus to boost domestic and inbound tourism (large gross foreign exchange earner of ~Rs 2tn) is constructive. 

• *GST cut as positive for all the branded hotel companies viz. IHCL, Lemon Tree, EIH and Chalet.*

• *After three consecutive years of healthy demand (likely minor blip in FY20 due to slowdown till now), it would be surprising if Hotel cos fail to capitalize on ARR growth.*

Indian Equity Sensex Jumps over 1500 pts

#Niftyfuture have made high of 550 pts in one go after the stimulus package announced by FM as Major cut in corporate taxes to ensure the growth and making FPIs happy on change in investing structure in India as corporate!

Major contributors are as follows:

This is certainly a positive move from the government in terms of continue on  reforms to ensure growth!  Good news for corporate and Equity 

But Setback for Bond Market! 

Will posting the detail impact of the move in next post! 

Have a great day!

India Announced New Corporate Tax Structure

India Govt announces Stimulus package in the form of changing the corporate tax structure, Details of the announcement as follows as per my view and understanding.

• A domestic company can pay income tax at 22% if they don't seek any exemption or incentives

• Effective Tax Rate 25.17% inclusive of all surcharges and cess for such domestic companies

• Such companies also not required to pay Minimum Alternative Tax

• Companies availing exemptions can opt to pay tax of 22% after the exemption period is over

• Enhanced surcharge announced in Budget shall not apply on capital gains arising on sale of any securities including derivatives in the hands of foreign portfolio investors

• The govt expects to widen tax basket with lower tax rate

• Buybacks pre-July 5 exempted from buyback tax

• For new manufacturing companies that start production before March 2023 and incorporated on or after 1st October 2019, corporate tax rate brought down to 15% from 25%.

• Enhanced surcharge announced in Budget not to apply on capital gains arising on sale of equity share in a company or a unit of an equity oriented fund or a unit of a business trust liable for STT

• MAT for companies that want to use tax exemptions cut to 15% from 18.5%

• Companies can opt for lower tax rate after expiry of tax holidays and concessions that they are availing now.

NEW TAX RATE WILL BE APPLICABLE FROM THE CURRENT FISCAL WHICH BEGAN ON APRIL 1.

Testimonials

Testimonials from traders and followers

Emmkay is a legend when it comes to accurate Intraday or positional calls. Every tip hits the target - bang on! One thing which I admired in him, is his simplicity. He never ever boasts or makes fun of anyone. He is simple and down to earth. Sharing bets during live markets hours is a herculean task, but he does that with ease. Looking forward to learning from him his *secret sauce* 

    Senthesh

Intraday Stock Trading Seminar - 2 Days workshop

Follow @EmmKay_RA

Seminar/Webinar on Intraday Stock Trading

TOPIC: "ADVANCED SKILLS FOR SHORT-TERM TRADING"

Delhi: Sept28th to Sept29th 2019

Webinar: On - 5th October to 6th october 2019

Investor phycology on market behavior

Seminar objective:

• Identification of Stock / Trend

• Trading  Range 

Lenders to Altico Capital

Default of 15 cr despite having cash in hand! 

Is this begging of new trend of defaulters.

HDFC and bajajfinance trading at 6X and 8x . Let's see how it would impact in the market. 

Will publish the my understanding on same later on facts or media hype!

Published as received!

#indiarating& research!