Higher surcharge hit on only 40% FPIs | Why Q1 numbers may not lift TCS | Titan's dream run halted!

To keep you updated, we send ET Markets Newsletter to your mailbox. In case, you wish to Unsubscribe Click Here MORNING NEWSLETTER Wed, Jul 10, 2019 Associate Sponsor Good Morning! FPIs, who have landed in a soup after the hike in income-tax surcharge, have themselves to blame, as they operate through trust structures against 60% of their peers who have corporate structures. Now a special dispensation for them may lead to distortion of the tax structure. Read more about this and what's cooking at Anil Ambani group in this edition. #Budget2019#SmallcapHunters#IPOs#ExpertViews#StockRecos

SENSEX 38730.82 10.25 NIFTY 50 11555.90 -2.70 Gold 34589.00 10.00 USD/INR 68.55 -0.12 OPENING BELL Stocks in the news: TCS, IndiGo, RCom, ​Manpasand and Indiabulls Housing Vatika Group has repaid debt worth Rs 500 crore to HDFC and IB Housing Finance. Higher surcharge to impact 40% FPIs: Finmin math Majority that use the corporate, rather than trust, structure will not be affected. Q1 nos show TCS on slow pitch, many headwinds ahead for stock Titan's golden run gets a jolt as revenue growth slows in Q1 Market Movers: What changed for Street while you were sleeping REC's exit from Nifty CPSE sparks selloff Reliance Jio's revenue per user set to fall below Airtel's EQUITY EVENTS Coming soon... ET Markets - Radio ETMarkets Morning Podcast: Promoters in a dogfight at IndiGo; risk looms over India's rating & more Jul 10, 2019, 08.25 AM IST | Here is your daily dose of market news, views and cues. 05:38 EQUITIES PRICE SHOCKERS Stock Name LTP 3 Days % Change Mkt. Cap (Cr.) Adani Powe... 67.15 2.75% 23913.02 Alkem Labo... 1772.95 2.70% 21180.34 Are you missing the Trend? Find it out Now VOLUME SHOCKERS Stock Name LTP Volume % Change Avg. Vol. REC 137.30 789.24 3766224 Titan Comp... 1098.95 707.65 2741742 Is this momentum going to continue? Check out NEAR 52 WEEK HIGH Stock Name LTP 52 Week High High % Gap SBI Life I... 759.00 776.50 2.31% Bharti Air... 362.30 371.15 2.44% Will these stocks hit new hights? Track Now NEAR 52 WEEK LOW Stock Name LTP 52 Week Low Low % Gap Godrej Con... 646.75 626.50 3.13% Hero MotoC... 2444.10 2360.00 3.44% Will these stocks breach beyond its low levels? Track Now VIDEOS IndiGo promoters' fight turns ugly; Gangwal seeks Sebi's intervention TCS Q1 profit beats Street estimates, grows 11% YoY to Rs 8,131 cr Market ends flat in a volatile session BENCHMARKS INDICES TOP INDEX FOR THE DAY Nifty Realty 279.95 2.83% 9010 BOTTOM INDEX FOR THE DAY S&P BSE Consumer Durables 23230.99 -6.76% 1090 IMPACT SECTORS Sector Name Market Cap Rs Cr. Market Cap % Change Equipments 17.54 9.09% 100 Electronics 27976.44 5.64% 3322111122 SBI probe flags Rs 5,500 crore deals among Anil Ambani cos SBI ordered investigation; lender suspects diversion of funds, evergreening of loans, preferential transaction... Electric vehicles may add spark to base metals Airtel Africa makes $4.4 billion Nigeria listing Oil rises more than 1% after US stockpile drop; Brent nears $65 Asia cautious as everything rides on dovish Powell COMMODITIES PRECIOUS METAL Commodity Price/Unit % Change Volume preciousMetalDesc Silver Expiry: 05-09-2019 38199.0 0.43% 18256 preciousMetalDesc Silver M Expiry: 30-08-2019 38220.0 0.40% 24765 VIEW MORE BASE METAL Commodity Price/Unit % Change Volume baseMetalDesc Lead Expiry: 31-07-2019 155.55 1.67% 13360 baseMetalDesc Lead Mini Expiry: 31-07-2019 155.45 1.57% 21128 VIEW MORE OIL & ENERGY Commodity Price/Unit % Change Volume oilEnergyDesc Natural Gas Expiry: 25-09-2019 171.0 2.46% 70 oilEnergyDesc Natural Gas Expiry: 27-08-2019 167.7 2.14% 3055 VIEW MORE OTHERS Commodity Price/Unit % Change Volume outhersDesc Mentha Oil Expiry: 31-07-2019 1192.0 0.49% 1095 outhersDesc Mentha Oil Expiry: 30-08-2019 1205.9 0.43% 181 VIEW MORE RECOMMENDATIONS FOR THE DAY JK Cement Ltd. Hold JK Cement, target Rs 1,052: Anand Rathi Hold ITC Ltd. Overweight ITC, target Rs 360: Morgan Stanley Overweight Trent Ltd. Buy Trent, target Rs 500: ICICI Direct 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