The government has decided to implement GAAR (General Anti-Avoidance Rules) in April 2016. Shome government panel has cleared that GAAr should be deferred to April 2016. This decision on GAAR will provide a good value to avoid tax affairs. It will bring back confidence to foreign investor in the country and the current account deficit will be over.
GAAR has been postponed to 3-year low, inflation reached 1.25 percent, pushing up the market. Sensex up 243 points 19 906 and Nifty closed 71 points higher at 6024. Realty stocks showed the fastest and BSE Realty Index rose by 5 per cent. Inflation is expected to be low due to the market that the RBI will cut rates soon. Rate sensitive stocks like banks rose by 1 per cent.
Top gainers of today's trade:
GAAR has been postponed to 3-year low, inflation reached 1.25 percent, pushing up the market. Sensex up 243 points 19 906 and Nifty closed 71 points higher at 6024. Realty stocks showed the fastest and BSE Realty Index rose by 5 per cent. Inflation is expected to be low due to the market that the RBI will cut rates soon. Rate sensitive stocks like banks rose by 1 per cent.
Top gainers of today's trade:
| Company Name | High | Low | Last Price | Prv Close | Change | % Gain |
|---|---|---|---|---|---|---|
| ONGC | 307.00 | 289.80 | 304.50 | 292.00 | 12.50 | 4.28 |
| Infosys | 2,835.00 | 2,727.50 | 2,807.25 | 2,712.60 | 94.65 | 3.49 |
| Jindal Steel | 448.50 | 424.00 | 446.55 | 432.10 | 14.45 | 3.34 |
| TCS | 1,348.05 | 1,308.30 | 1,334.30 | 1,306.35 | 27.95 | 2.14 |
| HDFC | 832.70 | 805.05 | 825.20 | 809.60 | 15.60 | 1.93 |
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