Nifty Report Outlook 05 june 2017 -stock cash tips|equity research lab|

STOCK FUTURES TIPS:-
      
NIFTY SPOT : R1:9675             R2:9690                           R3:9710
PIVOT : 9655  S1:9602              S2:9574                           S3:9553

stock cash tips

 

   INDEX OUTLOOK      

Nifty is likely to open in a positive note but traders are advised to look out for the market to get stable before 10 am. Ahead of global cues, we are expecting nifty to visit a correction in today’s trading session. Intraday traders are advised to adopt sell on rise strategy.

Strategy: Short Nifty around 9665 with a stop loss of 9700 for the target of 9600
  

   SECTORIAL INDICES   

    CORPORATE NEWS       
FM Arun Jaitley says -

• GST on beedis fixed at 28 percent without cess 
• GST council approved return filing & transition rules 
• Council to form committee to entertain any complaints on anti-profiteering 
• Committee to have officers of revenue department of centre & some state officers 
• GSTN expressed confidence it is fully ready for July 1 rollout 
• GST on biscuits fixed at 18 percent 
• GST on agri machinery fixed at 5 percent 
• GST on jute fixed at 0 percent 
• GST on footwear below Rs 500 fixed at 5 percent & other footwear at 18 percent 
• GST on apparel below Rs 1000 fixed at 5 percent 
• Fixed GST on gold & gold jewellery at 3 percent 
• A nominal rate of 0.25 percent imposed on rough diamonds 
• Input credit allowed but overflow will not; so max refund will be 5 percent 
• Natural yarn to be taxed at 5 percent, manmade yarn at 18 percent 
• GST on fabric of all categories at 5 percent 
• Decided on categorisation of handmade matches under pooja items 
• Packaged food items sold under registered trademarks to be taxed at 5 percent 
• Canteen stores department sell products that attract excise but not state taxes 
• Canteen stores department to sell goods at normal price, get 50 percent of GST refunded 
• Canteen stores department to get 50 percent of GST refunded by Centre & States 

Godrej Properties :-

• Will develop a new housing project at Sohna in NCR 
• Sohna project will offer 1.57 lakh square metre of saleable area

Wipro 

• Keen to start up big things, deploys USD 24.5 million 
• Azim Premji’s salary drops 63 percent in FY17

Lupin -US FDA observations 

• Lupin Indore facility failed to review discrepancies in products 
• Lupin Indore operations did not have written norms for manufacturing process

Alert: US FDA inspected Lupin’s Indore unit on May 8-19
Satin Credit Care: Sources 

• Satin Credit Care raises Rs 100 crore via commercial paper issue from M&M Financia
• Satin Credit Care raises Rs 100 crore at 10 percent per annum for 3-6 months

Titan CFO S Subramaniam says 

• 3 percent GST rate on gold a very welcome move, step in the right direction 
• 3 percent rate will mean higher collections for government as demand will not falter 
• Expect gems & jewellery industry to be ready for July 1 rollout of GST 
• Need some clarity on excise-free zones for the watches business

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