NIFTY  9,509.75  1.59%
  SENSEX  30,750.00  1.48%
 CURRENCY  Rs  64.73/$ 72.75/€, 84.05/£
  GOLD  28,644.00  -0.24%
  SILVER  39,770.00  -0.16%
  DAX  12,621.70  -0.17%
  FTSE  7,517.71  0.04%
  CAC  5,337.16  -0.07%
  HANG SENG  25,630.80  0.80%
  NIKKEI  19,813.10  0.36%
  Shanghai Composite  3,107.83  0.71%
  DOW JONES  21,082.90  0.34%
  NASDAQ  6,205.26  0.69%
  S&P 500  2,415.07  0.44%
TRADE SETUP : US Dollar Pushed Lower By Traders Due To The Dovish Tone Of FOMC Minutes TRADE SETUP : Subdued US Dollar, Buoyant Global Cues Indicate A Positive Start To Markets TRADE SETUP : Currency Traders Turning Bullish On Euro; EUR-INR Could Benefit In Near Term TRADE SETUP : Fall In Crude Price Was Due To No Announcement Of Deeper Cuts From OPEC TRADE SETUP : After Staying Around 9360 For Couple Of Sessions, Nifty Recovery Is +Ve For Mkts TRADE SETUP : Short Term Nifty Support Seen At 9430; Bias Will Remain Buy On Dips Above 9200 TRADE SETUP : Sustenance Above 9500 Today Will Take Nifty Towards 9700 Levels In Few Days TRADE SETUP : Negative Rollover Cost Suggests, Nifty's Upmove Could Create Large Short Covering TRADE SETUP : Bank Nifty Bias Will Remain Buy On Dips Above 22,140 TRADE SETUP : 22,500 To Act As Near Term Support For Bank Nifty TRADE SETUP : Next Resistance For Bank Nifty Seen At 23,500 And 24,200 TRADE SETUP : Buying Seen In Auto, Financials, Engineering, Electrical Equipment Stocks TRADE SETUP : Selling Continued In Pharma Stocks NMDC Q4 EARNINGS : PAT Rs 512 Cr Vs Rs 459 Cr, Up 12% YoY NMDC Q4 EARNINGS : Net Sales Rs 2,872 Cr Vs Rs 1,530 Cr, Up 88% YoY NMDC Q4 EARNINGS : EBITDA Margin At 32% Vs 27% YoY EARNINGS REPORT : Repco Home Fin Q4 PAT Rs 51 Cr Vs Rs 42 Cr, Up 21% YoY EARNINGS REPORT : Repco Home Fin Q4 NII Rs 103 Cr Vs Rs 86 Cr, Up 20% YoY EARNINGS REPORT : Repco Home Fin Q4 NIMs At 4.7% vs 4.6% YoY EARNINGS REPORT : Thomas Cook Q4 Loss Rs 6.3 Cr Vs Loss Of Rs 87 Cr YoY EARNINGS REPORT : Thomas Cook Q4 Income From Ops Rs 2,059 Cr Vs Rs 1,866 Cr, Up 10% YoY

“Retro Case & Transfer Pricing Admin Hurt Invst”

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January 21: Ketan Dalal, Joint Tax Leader, PwC India, says, “It is a combination of taxation changes like retrospective amendment and the problems existing on the ground that dampened the investment cycle.” Sudhir Kapadia, Partner & National Tax Leader, Ernst & Young, tells Vivek Law that the 2012 Budget was a watershed event in retrospective sweep.