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Market News

Location American Market News for 4 September 2017
World's biggest wealth fund wants to cut currencies in bond holdings Norway's sovereign wealth fund proposes sweeping changes to its $333 billion bond portfolio, as it beefs up on liquidity amid an expansion of its stock holdings
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MCX trading halted for 45 minutes as technical glitch hits system One of the reasons behind the technical glitch that halted trading on the Multi Commodity Exchange (MCX) could be migration to a new trading system
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Bitcoin tumbles as China's central bank declares initial coin offerings illegal By declaring initial coin offerings (ICOs) illegal, People's Bank of China (PBOC) issues strongest regulatory challenge so far to the burgeoning market for digital token sales
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Dixon Technologies looks to raise Rs600 crore from IPO starting 6 September The initial public offer (IPO) of Dixon Technologies will have a price band of Rs1,760-1,766 per share with a face value of Rs 10 each
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Crisil lowers India GDP growth forecast to 7% in 2017-18 on GST hiccups Crisil cuts its GDP growth forecast for India to 7% for 2017-18, down from 7.4% earlier, as it sees disruptions arising from GST implementation to continue to impact the economy for a few more quarters
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Prataap Snacks Rs250 crore IPO to hit markets shortly Prataap Snacks aims to use the proceedings from the Rs250 crore IPO to expand the capacity of chips making plant by 50%
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Gold prices surge over Rs350 on worries over North Korea Pure gold prices gained by Rs355 on North Korea tensions to close at Rs30,260 per 10 grams against Rs29,905
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What a personal loan costs you -- 4 September 2017

livemint.com - 4 Sep 2017 16:01
What a personal loan costs you -- 4 September 2017 Personal loan interest rates of some public and private sector banks
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Cash holding in mutual fund schemes--4 September 2017 Here is a list of different mutual fund schemes with their cash holding
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Gift of immovable property, even from a relative, may have stamp duty implications Gifts received from specified relatives are not taxed in the in the hands of recipients. However, they can attract other levies or fees
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Overseas mutual funds are long-term assets if held for 36 months Long-term capital gain is taxed at an effective rate of 23.69%
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Financial planning for Indians moving abroad

livemint.com - 4 Sep 2017 15:54
Financial planning for Indians moving abroad Many people move to new countries for better opportunities. However, while doing so, what should you do with your financial assets and liabilities in India?
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What is good for you: EPF, NPS or both?

livemint.com - 4 Sep 2017 15:53
What is good for you: EPF, NPS or both? National Pension System (NPS) and Employees' Provident Fund (EPF) are two of the prominent retirement planning tools today. We asks the experts to evaluate what is more efficient.
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Sensex, Nifty decline amid slump in global markets on geopolitical tensions BSE Sensex closed lower by 190 points, or 0.60%, to 31,702, while the Nifty 50 fell 62 points, or 0.62%, to 9,913
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Gold hits 10-month high in wake of North Korea nuclear test Gold prices hit their highest in nearly 10 months on Monday after North Korea's latest and most powerful nuclear test drove investors towards safe-haven assets
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FIIs pull out most, DIIs invest maximum in August since November Net outflows from FIIs added to $1.7 billion, while DIIs pumped in a net of Rs15,695.51 crore in equities, in August, the highest figures since November
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Apex Frozen Foods shares trade up 14% on stock market debut Shrimp exporter Apex Frozen Foods makes stock market debut at Rs199.90, up 14.2% from its issue price of Rs175 per share
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Markets likely to be range-bound as Nifty eyes 10,000, two IPOs open this week Markets expected to be range-bound as Nifty is close to the 10,000 level again, but global markets may weaken as North Korea denotes hydrogen bomb
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Market Live: Sensex falls over 300 points, Nifty below 9,900 on geopolitical worries over North Korea BSE Sensex fell on Monday, while the Nifty traded below 10,000. Here are the latest updates and developments from the markets
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Rupee strengthens marginally against US dollar

livemint.com - 4 Sep 2017 07:49
Rupee strengthens marginally against US dollar At 9.10am, the rupee was trading at 63.98 a dollar, up 0.09% from its Friday's close of 64.03
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Opening bell: Asian markets open lower; Sun Pharma, Hindalco in news In other news, the much-awaited expansion and reshuffle of the Union Cabinet headed by Prime Minister Narendra Modi took place on Sunday
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Is the bump-up in commercial vehicle sales here to stay? The pullback in commercial vehicle sales last month was a positive surprise, but does it signal a turnaround in demand?
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