Market ripe for a correction; Salasar doubled wealth on debut; metals may shine

ET Markets Daily Brief | Sat, Jul 29, 2017 | 03:14 PM IST Follow ET Markets

NOT TO MISS #StocksInNews,#Recos,#Expert Views,#IPOs,#Commodities

Intermediate top is in place, D-Street ripe for a correction RBI is scheduled to meet next week and the market would await action on rate cut. Top buzzing stocks of the week: Salasar doubled wealth on debut Supported by firm global cues and sustained liquidity, Sensex & Nifty index advanced nearly 1%. Dalal Street week ahead: Seesaw trade ahead; metals should shine The coming week will remain exiting. Market has demonstrated extremely buoyant intent.

Interview One to One Once we show better performance, capital raising is not an issue for Bank of India, says Mahapatra.... Dinabandhu Mohapatra , Bank of India

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Market Watch 29 Jul | 03:14PM| SENSEX NIFTY USD/INR GOLD 32309.88 ↓-73.42 10014.50 ↓-6.05 64.15 ↑0.04 28589.00 ↑113.00

Gainers Losers 29 Jul, 2017, 03:14PM IST, PTI|View All Company Name Live Price Change (%) Volume High Low Jigar Cables Ltd. 36.00 20.00 404000 36.00 33.00 Amarjothi Spinning Mills Ltd. 237.10 19.99 138099 237.10 191.00 Deccan Gold Mines Ltd. 52.40 19.91 2735780 52.40 48.30

Tweet of the day... IDBI Bank puts its 16% stake in Sidbi on block

FROM THE NEWSPAPER

What I read this week: Art of boosting margins; will Modi slip on fisc discipline Government's enthusiastic drive to frontload its capital expenditure has its pitfall. Watch out! Government stimulus likely to give new life to leather stocks The leather industry is a focus area under the government's 'Make in India' initiative. LIC profit jumps 145% in Q1 on sale of equity investment The insurance behemoth is looking at a double-digit growth in business in the current fiscal. HDFC clears 9.57% stake dilution in subsidiary HDFC Life Standard Life, which owns 35% in the insurance JV, is also expected to sell some shares. Silver rises on global cues, gold steady Gold remained flat at Rs 29,300/10 grams in scattered deals even as it strengthened overseas.

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Why Mukesh Ambani is doling out free 4G phones to everyone

THE ECONOMIC TIMES Sat, Jul 29, 2017 | 02:00 PM IST Weekly News Platter

Why Mukesh Ambani is doling out free 4G phones to everyone Why does Jio consider data as oil? That is because Ambani has come to realise the market potential of the two-third of unconnected India. readmore No penalty for late ITR this year but here are 4 important reasons to file it in time Even if all your taxes are paid and with no penalty for delayed filing this year, you would still lose out on certain benefits in case of delayed ITR filing. Instagram posts will soon help Modi government sniff out tax evaders 'Project Insight' will complement the world's largest biometric identity database and Modi's ambitious tax overhaul as he tries to get more people to pay up.

Editor's Pick Big scam in the making? Ex-CFO accuses PwC of cooking books, evading tax and flouting laws Former CFO Sarvesh Mathur revealed that PwC intimidated, cheated and tarnished his name when he refused to help cover up the white-collar crimes. Deliver flats to 1.5 lakh buyers on time or face action, Yogi Adityanath warns Noida builders "My government's experience of the last four months has been that there is a big issue between the builders and buyers in the state," he said. Modi's war on bad debt: Why you might not see more Vijay Mallyas in future The government is taking several measures that suggest it is slowly ring-fencing the problem by cracking down on defaulter companies. N Chandrasekaran gets down to business, could soon shut or sell off misfiring Tata companies A Fortune report says Tatas are in 'urgent need' of renovation, with some of its biggest businesses sluggish and vulnerable to smaller, nimbler rivals.

Most Popular This Week Niti Aayog clears six proposals for high-tech public transport After PM Modi's veiled warning, many chartered accountants are running for cover Ram Nath Kovind takes oath: Here are 14 things about India's 14th president The scoop that shook Pakistan: Did a news report bring Nawaz Sharif down? By rejoining hands with BJP, Nitish is about to take the biggest risk of his political career

Story of The Week Demonetisation again? There are signs of another currency ban coming Various reports show that there may be a conscious strategy to curb the new supply of high-value notes and print more low-value notes. read more

Money These 9 tax filing mistakes will get you I-T notice Some common mistakes that taxpayers often make while filing income tax returns are listed below which could result in the problems or a tax notice. Jail for home buyers under RERA: Was it required? Developers say that any Act having no control over the buyers would have been meaningless. Even buyers need to be disciplined.

Stock Round Up Intermediate top is in place, D-Street ripe for a correction RBI is scheduled to meet next week and the market would await action on rate cut.

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