Market update as of 5th July 2016

EquityChamp · 1 Market update as of 5th July 2016 Wed Jul 06, 2016 7:09 am

EquityChamp

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Market shows signs of consolidation between 6250-6300 despite it remains within oversold region. The recent re-emergence of CGT environment has halted its otherwise set bull run but any new information can turn it back to the disturbed bull run.
Market update as of 5th July 2016 Cse_al13

Market update as of 5th July 2016 Cse_al13

Truestory · 2 Re: Market update as of 5th July 2016 Wed Jul 06, 2016 7:42 am

Truestory

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Mkt is goint to go up. Results are slowly coming.

CGT is not a Gonibilla. CGT is there in most of the countries. People who wants to bring down the market talk about these things. Some of the Countries we treat as developed charges CGT as follows.

Denmark - 42%
France 34.4%
Finland 33%
Sweeden 30%
U.S A 28.6%
U K 28%
Norway 27%
Austria 25%
Germany 25%
Refer the below for some other countries CGT
rates

http://www.forbes.com/sites/robertwood/2015/03/25/u-s-capital-gain-rate-among-worlds-highest-but-president-obama-wants-more/#46e5898220ce

Countries need money to develop. If you make a capital gains govt. collects a small percentage. We have to come out of the present situation in the country. Either you must increase the revenue or reduce the expenditure. It is simple as that.
What we require for this country is a good management.
If you make a capital gain of Rs. 100/-. pay a tax to the govt to increase the facilities for the poor. If not do we have enough resources like Middle east. When the oil prices are down even those countries adopt measures to reduce the expenses.
They send some of their expats home. reduce the expenditure.[size=10]n date : 2016-05-23[/size]

EquityChamp · 3 Re: Market update as of 5th July 2016 Wed Jul 06, 2016 7:51 am

EquityChamp

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FYI. I was able to have a chat with Finance Ministry official. According to him CGT on shares will follow the UK model and they are considering a tax exempted threshold of 1-2mn annually when calculating CGT. They are looking at a separate reporting system through CDS where CDS tracks a total cost and sales proceeds of a particular share for a period of one year and the net of gain or loss will be arrived. Then the system automatically calculate the tax amount, if applicable and will be collected through the stock broker. They are still conceptualizing this framework.

EquityChamp · 4 Re: Market update as of 5th July 2016 Thu Jul 07, 2016 2:58 pm

EquityChamp

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As I said repeatedly market has established the support level @ 6250-6300. The today's rise will be another attempt to hit back to 6500 again. Also keep in mind my above writing on the chat I had with ministry official.

Thanks

hotstock · 5 Re: Market update as of 5th July 2016 Thu Jul 07, 2016 5:12 pm

hotstock

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@ec thanks for all your analysis and views

nimantha80 · 6 Re: Market update as of 5th July 2016 Thu Jul 07, 2016 8:01 pm

nimantha80

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Thanks to the king market is booming.Most of people glued to JKH.W other shares didn't pick up much yet.opportunities there.One good news we'll be back to 6500 again

EquityChamp · 7 Re: Market update as of 5th July 2016 Fri Jul 08, 2016 1:06 pm

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Slowly heating on. Seems that on the right track to go to 6500

Gainer · 8 Re: Market update as of 5th July 2016 Fri Jul 08, 2016 2:00 pm

Gainer

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MARKET STRONGLY MOVING UP cheers

Teller · 9 Re: Market update as of 5th July 2016 Sun Jul 10, 2016 3:37 am

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Who ever buy JKH warrent from foreign side will be subscribed to buyvoting shares. In tthis case big foreign inflow will be added to Economy. Rupee can be appreciate further in that scenario foreigners who invests in current prices may get a good return with rupee appreciation.