During Feb '16, FIIs were net sellers of equity worth Rs 12500 Crores. DIIs were net buyers of equity worth Rs 10500 Crores. Nifty touched a new 52 week low of 6826 on the last day of the month and closed with a 7.6% loss for the month.
Budget proposals did not appear to be market-friendly despite only a token 0.5% increase in Service tax, and a less-then-expected increase in excise duty on cigarettes. Corporate tax was not reduced. The tax on EPF withdrawal came as a major shock to the salaried class.
Just when everyone expected the index to collapse, Nifty did the unexpected and jumped 550 points from its Feb 29 low. What happened? Have a look at the chart and analysis below to find out.
-- Budget proposals did not appear to be market-friendly despite only a token 0.5% increase in Service tax, and a less-then-expected increase in excise duty on cigarettes. Corporate tax was not reduced. The tax on EPF withdrawal came as a major shock to the salaried class.
Just when everyone expected the index to collapse, Nifty did the unexpected and jumped 550 points from its Feb 29 low. What happened? Have a look at the chart and analysis below to find out.
Read more at:
http://investmentsfordummieslikeme.blogspot.in/2016/03/nifty-chart-midweek-update-mar-02-16.html
You received this message because you are subscribed to the Google Groups "LONGTERMINVESTORSRESEARCH" group.
To unsubscribe from this group and stop receiving emails from it, send an email to longterminvestorsresearch+unsubscribe@googlegroups.com.
Visit this group at https://groups.google.com/group/longterminvestorsresearch.
For more options, visit https://groups.google.com/d/optout.
No comments:
Post a Comment