DHFL has good news | FPIs face a question of trust | New tax hits first buyback issue

To keep you updated, we send ET Markets Newsletter to your mailbox. In case, you wish to Unsubscribe Click Here MORNING NEWSLETTER Fri, Jul 12, 2019 Associate Sponsor Good Morning! Looks like a little tittle-tattle about the income-tax surcharge is going to open up a Pandora's box. No sooner did it come to fore that FPIs getting hit by the tax hike actually operate through trusts, and not through regular corporate structure, the government sent out a missive seeking details of the origins of these FPIs. Read more about it and what's going on in the corp bond mart in this edition. #Budget2019#SmallcapHunters#IPOs#ExpertViews#StockRecos

SENSEX 38823.11 266.07 NIFTY 50 11582.90 84.00 Gold 34718.00 -121.00 USD/INR 68.43 -0.15 OPENING BELL Stocks in news: SBI, KPR Mill, Infy, Cox & Kings, DHFL, RCom KPR Mill withdrew its Rs 263.31-crore proposed buyback plan on Thursday. Question of trust: Government seeks info on FPI origins from Sebi Most of the FPIs using trust structure are from the US and Luxembourg. DHFL bond holders to ink creditor pact KPR Mill first to withdraw offer after 20% buyback tax Market Movers: What changed for D-St while you were sleeping FPIs turning bearish, markets unlikely to gain big in short term Corporate bond issue dips in June, spread widens EQUITY EVENTS Coming soon... ET Markets - Radio ETMarkets Morning Podcast: Overseas investors pile up large shorts; govt seeks info on FPI origins & other news Jul 12, 2019, 08.45 AM IST | Here is your daily dose of market news, views and cues. 05:00 EQUITIES PRICE SHOCKERS Stock Name LTP 3 Days % Change Mkt. Cap (Cr.) Sun Pharma... 398.15 8.55% 94065.93 Zee Entert... 354.80 6.02% 31964.83 Are you missing the Trend? Find it out Now VOLUME SHOCKERS Stock Name LTP Volume % Change Avg. Vol. Torrent Ph... 1549.25 190.85 139274 Interglobe... 1354.50 157.60 4701219 Is this momentum going to continue? Check out NEAR 52 WEEK HIGH Stock Name LTP 52 Week High High % Gap PowerGrid 208.60 212.00 1.63% HDFC 2261.90 2300.70 1.72% Will these stocks hit new hights? Track Now NEAR 52 WEEK LOW Stock Name LTP 52 Week Low Low % Gap Bosch 16024.75 15801.20 1.40% Godrej Con... 635.55 626.50 1.42% Will these stocks breach beyond its low levels? Track Now VIDEOS Stocks in news: Vedanta, KPR Mill, ICICI Pru, Cox & Kings IndiGo CEO downplayed promoters' tiff? SEBI to probe Sensex rises nearly 200 pts, Nifty above 11,550 BENCHMARKS INDICES TOP INDEX FOR THE DAY Nifty Media 2057.15 3.87% 670727 BOTTOM INDEX FOR THE DAY S&P BSE SME IPO 1678.66 -0.69% 391051 IMPACT SECTORS Sector Name Market Cap Rs Cr. Market Cap % Change Equipments 17.54 9.09% 100 Electronics 27858.6 2.50% 20103040 No exit option for investors in beaten down PMS The portfolio manager, in his meetings with investors, is trying to buy time from investors. NTPC may be a good defensive bet on earnings growth visibility Will protect Mindtree's unique culture: L&T CEO Jerome Powell gives EM peers a strong reason to cut rates Asian shares ease as Trump rekindles Sino-US trade tensions COMMODITIES PRECIOUS METAL Commodity Price/Unit % Change Volume preciousMetalDesc Gold Guinea Expiry: 30-09-2019 27850.0 0.74% 22 preciousMetalDesc Gold Petal Expiry: 31-07-2019 3460.0 0.38% 12080 VIEW MORE BASE METAL Commodity Price/Unit % Change Volume baseMetalDesc Lead Expiry: 30-08-2019 157.6 0.19% 190 baseMetalDesc Lead Mini Expiry: 30-08-2019 156.7 0.10% 580 VIEW MORE OIL & ENERGY Commodity Price/Unit % Change Volume oilEnergyDesc Crude Oil Expiry: 19-09-2019 4192.0 0.92% 9 oilEnergyDesc Crude Oil Expiry: 19-07-2019 4167.0 0.27% 189142 VIEW MORE OTHERS Commodity Price/Unit % Change Volume outhersDesc Mentha Oil Expiry: 31-10-2019 1260.9 2.45% 4 outhersDesc Mentha Oil Expiry: 30-09-2019 1239.4 1.76% 8 VIEW MORE RECOMMENDATIONS FOR THE DAY ICICI Bank Ltd. Sell ICICI Bank, target Rs 415: Manas Jaiswal Sell Page Industries Ltd. Buy Page Industries, target Rs 22,000: Kunal Bothra Buy DCB Bank Ltd. Buy DCB Bank, target Rs 248: Kunal Bothra Buy QUICK LINKS Equity Movers | 52 WK Low | Only Buyers | Only Sellers | Upcoming IPOs Follow Us: Download ET Markets App: About us|Advertise with us|Feedback|Sitemap|Code of Ethics More Newsletters: Daily Newsletter | Markets Watch | ET Investment Opportunities | Wealth | View all © 2019 Times Internet Limited. To ensure delivery directly to your inbox, please add etnotifications@indiatimes.com to your address book today. If you are having trouble viewing this newsletter, please click here, To unsubscribe or edit your subscriptions please click here