See hot money flows into India; long-only funds still wary: EPFR

The fund flows that are coming into India are purely hot money as of now is the word coming in from Cameron Brandt, Director-Research, EPFR Global, adding that one has seen an inflection point with respect to money moving back into emerging market funds. The long only funds into India are still cautious but the tide is slowly beginning to turn encouraged by recent Budget. However, they are still waiting for Modi’s reforms to bear fruit for more conviction and so are moving very slowly, says Brandt. However, he expects India to do well this year in terms of fund flows on back of good tailwinds from cheaper oil, stable monetary policy, no negatives from global trade etc.

For more news visit us at 

http://www.marketmagnify.com/services.php

 or call at 07314759300 

How to claim HRA tax benefits

House rent allowance (HRA) is a part of your salary and can be claimed to save on income tax. Here are some tips for the same. If you are salaried, a lot of your taxes can be saved by claiming HRA exemption. This allowance is usually linked to your salary and rises with your income. You are eligible to claim HRA exemption if you live on rent & pay rent. Also HRA must be offered by the employer as part of your salary.If your employer does not provide HRA benefit and you live on rent, you can still claim certain tax benefits. These are allowed under section 80GG of the income tax act. In Budget 2016, the maximum amount that can be claimed under section 80GG has been revised from Rs 2,000 per month to Rs 5,000 per month. (There is no additional tax save in Budget 2016 for those who are receiving HRA).

For more news visit us at 

http://www.marketmagnify.com/services.php

 or call at 07314759300 

Indian Stock Market Trading Advice by Marketmagnify

For news on Indian Stock Market Tips,Mcx Commodity Trading Tips please visit us at www.marketmagnify.com/services.php or call at 07314759300.

The Sensex and Nifty opened on a flat note in trades today tracking subdued global cues after the European Central Bank eased aggressively but suggested it was running out of room to cut interest rates, even if other stimulus options remained.

The market has opened on a flat note again due to muted global cues. The Sensex rose 32.27 points to 24655.61 and the Nifty advanced 8.50 points to 7494.65. Reliance Industries, Hindalco Industries, NTPC, Larsen & Toubro, Coal India, BPCL and Tech Mahindra were early gainers while Sun Pharma, ICICI Bank, BHEL, M&M, SBI, IndusInd Bank and Bank of Baroda lost ground.

Indian Share Market Trading Advice by Markemagnify

For news on Indian Stock Market Tips,Mcx Commodity Trading Tips please visit us at www.marketmagnify.com/services.php or call at 07314759300.

The S&P BSE Sensex traded higher by over 100 points in morning trade on Friday as the European Central Bank (ECB) extended stimulus but warned that it was running out of room to cut interest rates.The euro zone central bank on Thursday cut deposit rate by 10 basis points to -0.4 per cent from -0.3 per cent and increased its monthly asset purchases volume to 80 billion from 60 billion earlier.

Reliance Industries fell 2.9 percent, after gaining 3.5 percent over the past two sessions, amid expectations it would declare a dividend at a board meeting on Thursday.Rates will stay low, very low, for a long time and well past the horizon of our purchases.

See ECB cutting deposit rates by 10 bps, increasing QE: Experts

Issel says he expects a 10 basis point cut in key deposit rates. However, according to him the world is more focused on whether there will be extension of current 60 billion euros quantitative easing (QE). He sees another 10-20 billion euros being added to that. If more ECB stimulus comes through then it would bring out a positive reaction and would put downward pressure on the euro, he says. According to Goh, the ECB president Draghi needs to deliver beyond market expectation if wants to see the euro down. However, if he disappoints euro will rally, says Goh. Analysts polled by Reuters expect the ECB to cut its deposit rate to -0.4 percent from -0.3 percent, charging banks more for keeping their cash with the bank overnight. They also see a 60 percent chance the ECB will raise its monthly asset purchases, probably by 10 billion euros to 70 billion euros a month.

For more news visit us at 

http://www.marketmagnify.com/services.php

 or call at 07314759300 

IMF official warns global growth forecasts could be lowered

The International Monetary Fund (IMF) may cut global growth forecasts further in the coming weeks, Financial Counsellor Jose Vinals said on Thursday, calling on policymakers to take comprehensive measures to strengthen their economies. In January, the Fund projected global growth of 3.4 percent in 2016 and 3.6 percent in 2017, having revised down its October forecast for both years by 0.2 percentage point. "It is very likely that by the time that we arrive at the spring meetings next month there may be a further downward revision in our forecasts," Vinals said during an event organised by the Reserve Bank of India.

For more news visit us at 

http://www.marketmagnify.com/services.php

 or call at 07314759300 

Indian Shares Market Trading Tips and Suggestions

For news on Indian Stock Market Tips,Mcx Commodity Market Tips please visit us at www.marketmagnify.com/services.php or call at 07314759300.

The market has opened on a flat note with the Sensex rising 22.64 points to 24816.60 and the Nifty advancing 15.25 points to 7547.05. Infosys fell 2 percent after 78 lakh equity shares changed hands in multiple block deals on BSE and NSE at around Rs 1,150 apiece. Hindalco, Tata Motors, ONGC, Hero Motocorp, Tata Steel, Cairn India, Vedanta, Tech Mahindra and Tata Motors gained 0.7-3 percent while BHEL, TCS, HUL and Bharti Airtel declined 1 percent. 

Select banking shares were witnessing selling pressure. The Bank Nifty was trading on a flat note, down 0.2 per cent; IndusInd Bank, HDFC Bank, Bank of Baroda, Axis Bank and State Bank of India were among the losers. 

Indian Stock Market Tips and Suggestions

For news on Indian Stock Market Tips,Mcx Commodity Market Tips please visit us at www.marketmagnify.com/services.php or call at 07314759300.

The S&P BSE Sensex and Nifty50 have lost momentum after rallying over 6 per cent in the week gone by, but analysts advise investors that there is nothing to fear because and investors should keep deploying buy on dips approach.The domestic market has moved in line with the recovery in global equity markets, and it is unlikely that Nifty50 will retest the 7,000 level anytime soon unless global sentiments take a hit. 

India's stock markets clawed back losses to close higher on Wednesday, led by gains in Reliance Industries and with lenders resuming a rally on continued hopes that the Reserve Bank of India (RBI) would cut interest rates.The benchmark BSE Sensex rose 0.55 percent to end at 24,793.96, while the broader NSE Nifty ended up 0.62 percent at 7,531.80.