'Despite rising inflows, many NRIs lack awareness about NRO and NRE accounts and mistakenly use family accounts or invest in a relative's name.' 'Many are unaware of tax implications.'
Economic reforms and stable crude oil prices could drive the Sensex up to 20,000 points by March next year, brokerage company Kotak Securities said.
'Indian markets are likely to stay volatile in the near term'.
Dipen Shah of Kotak PCG does a check on IT stocks' performance.
The results have not provided any positive surprise
At the BSE, 1,552 stocks advanced, while 1,419 declined and 118 remained unchanged.
The BSE 30-share Sensex has plummeted by 1,631.59 points or 6.24% to 24,485.95 so far this month
Indian stock market investors are laughing all the way to the bank with the total market value of domestic listed companies soaring to a record $1.5 trillion on a day when the benchmark BSE Sensex ended at a new closing high of 25,396.46.
On the macro front, market participants will closely watch the FY'15 fiscal deficit target
Adani Ports, BHEL, Tata Motors, ONGC, Mahindra & Mahindra and Tata Steel were the top losers.
Other Sensex gainers were Infosys, Wipro, ICICI Bank, Hero MotoCorp, L&T, Axis Bank,, Tata Steel, HDFC and Cipla.
UK operations of several Indian companies might take a hit.
Volatility is part and parcel of stock market.
Gold prices are already moving fast to the key level of Rs 30,000 per 10 gms
Broader markers outperformed their larger peers.
A few analysts were surprised by the revenue growth of 3.8 per cent; many had expected revenue growth to be 2.5-2.7 per cent.
Most Asian markets were trading weak on Monday.
Also keenly watching inflation numbers, with wholesale inflation data expected today
Investors will keenly watch out for the Futures & Options expiry for July on Thursday
Decline in the rupee coupled with a slide in the crude oil prices have dented the sentiments.
The Street is especially looking forward to the management commentary to get a sense of its new direction
Analysts mostly prefer domestic plays beside select films with foreign exposure.
Higher interest rates in the US do not necessarily coincide with capital outflows.
Govt wants to up investment in Railways
The upbeat earnings from Reliance Industries will set the tone for the truncated week ahead
In the broader markets, BSE Midcap index slipped 0.3% whereas the BSE Smallcap index inched up by 0.2%
The company's net profit went up 27% in December quarter, sequentially better than peers; core IT services up 33%..
Another negative surprise in HCL's numbers was the decline in the margin by 40 basis points to 21.4 per cent.
Revenue from its IT services business rose 9 percent to $1.86 billion.
Does the rally reflect expectations of improving fundamentals or they are likely to correct?
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