Blog for Stock tips, Equity tips, Commodity tips, Forex tips: Sharetipsinfo.com

Want to beat the stock market volatility? Just keep on reading this exclusive blog by Sharetipsinfo which will cover topics related to stock market, share trading, Indian stock market, commodity trading, equity trading, future and options trading, options trading, nse, bse, mcx, forex and stock tips. Indian stock market traders can get share tips covering cash tips, future tips, commodity tips, nifty tips and option trading tips and forex international traders can get forex signals covering currency signals, shares signals, indices signals and commodity signals.

  UseFul Links:: Stock Market Tips Home | Services | Free Stock / Commodity Trial | Contact Us

Trade Spotlight: What should investors do with Adani Power, Adani Ports & BHEL?

http://sharetipsinfo.comJust get registered at Sharetipsinfo and earn positive returns

www.ShareTipsInfo.com

Here's what Jatin Gohil of Reliance Securities recommends investors should do with these stocks when the market resumes trading today.


Nifty50 hit a record high of 15773 on Monday while the S&P BSE Sensex remains 188 points shy of hitting fresh record highs. The broader markets outperformed.

Sectorally, the rally was seen in utilities, power, infrastructure, telecom, and energy space while some profit-taking was visible in realty and finance also as metals.

Stocks that were focused on Monday include Adani Power which rallied 20 percent to hit a fresh 52-week high, Adani Ports (up 5 percent), and BHEL (up 4 percent). All stocks hit a fresh 52-week high.

Here's what Jatin Gohil, Technical and Derivative Research Analyst, Reliance Securities, recommends investors should do with these stocks when the market resumes trading today:

On June 7, the electrical utility space remained focused with positive momentum. Adani Power emerged as a top gainer therein space with gains of 20 percent.

The stock has given 5.5-time return from its lowest level of March 2020 (Rs23). Major technical indicators on the long-term also as medium-term chart are in favour of the bulls.

This could take the stock towards Rs 145.9 (life-time-high) initially and Rs 200 subsequently. Hence, we believe one should hold their long position for a minimum of 3-6 months for the specified action.

Adani Ports and Special Economic Zone: Hold | Target: Rs 1,000


Continuing its prior daily rising trend, the stock recorded a replacement high of Rs 898.80 on June 7. Spike in volume and positively poised technical indicators signal that the prevailing up-trend will continue.

This could take the stock towards its psychological level Rs 1,000. Hence, we believe that one should hold their long position for a minimum of 2-3 weeks of the specified action.

Bharat Heavy Electricals Limited: Buy | Target: Rs 107

The industrial manufacturing space has remained in positive momentum for the last few months. In May, BHEL witnessed a trendline breakout and rose to a 2-year high.

Spike in volume signal major market participants are in favour of the bulls. We believe the stock will extend the gain and can move towards Rs 107 within the next 3-6 months.

The key technical indicators on the long-term timeframe chart are positively poised, which coincides well with probable rise.



New ITR e-filing portal: Here's all you need to know

http://sharetipsinfo.comJust get registered at Sharetipsinfo and earn positive returns

www.ShareTipsInfo.com

The portal e-filing new portal (www.incometax.gov.in) will be integrated with immediate processing of (ITRs) to issue quick refunds to taxpayers

The new Income Tax Returns (ITRs) e-filing website will be launched on June 7, with new features to make the process smoother. (Image: Moneycontrol)

The new Income Tax Returns (ITRs) e-filing website will be launched on June 7, with new features to make the process smoother. 

The new Income Tax Returns (ITRs) e-filing website will be launched on June 7, with new features to make the process smoother.

"The new e-filing portal is aimed at providing taxpayer convenience and a modern, seamless experience to taxpayers," the Central Board of Direct Taxes (CBDT) said in a statement.

The new portal (www.incometax.gov.in) will be integrated with the immediate processing of ITRs to issue quick refunds to taxpayers.

Taxpayers to get free software: All you need to know

The CBDT, which comes under the Ministry of Finance, also said that a mobile app of the portal will be released after the launch of the portal.

Here are the features of the new ITR e-filing portal:

All interactions and uploads or pending actions will be displayed on a single dashboard for follow-up action by taxpayers.

Free of cost ITR preparation software available with interactive questions to help taxpayers for ITRs 1, 4 (online and offline) and ITR 2 (offline) to begin with; Facility for preparation of ITRs 3, 5, 6, 7 will be made available shortly.

New feature for Faceless Scrutiny Scheme

Taxpayers will be able to update their profile with details of income including salary, house property, business/profession which will be used in pre-filling their ITR. Detailed enablement of pre-filling with salary income, interest, dividend, and capital gains will be available after TDS and SFT statements are uploaded (due date is June 30th, 2021)

New call center to respond to taxpayer queries. Detailed FAQs, user manuals, videos, and chatbot/live agent will be provided.

Functionalities for filing Income Tax Forms, add tax professionals, submit responses to notices in faceless scrutiny or appeals would be available.

In a tweet, the Income Tax Department said the new portal will be available shortly.

"We are at the final stages in the roll-out of the new portal and it will be available shortly. We appreciate your patience as we work towards making it operational soon.

Read Also : Share Market Tips With High Accuracy

Income tax returns: Here's how you can file IT returns from your mobile phone

http://sharetipsinfo.comJust get registered at Sharetipsinfo and earn positive returns

www.ShareTipsInfo.com

The mobile app facility will be rolled out on June 7, 2021, along with the new ITR e-filing portal.

As per the income tax law, individual taxpayers filing ITR-1 or 4 are required to file their return for the previous financial year (2020-21), which ended March 2021, by July  31, 2021.

As per the tax law, individual taxpayers filing ITR-1 or 4 are required to file their return for the previous fiscal year (2020-21), which ended March 2021, by July 31, 2021.
One can use his/her mobile to file an tax return or ITR filing. The tax department of India informed about the event from its official Twitter handle saying the tax e-filing portal 2.0 will have an all-new mobile app also .

The tax department claimed that the new IT return e-filing portal and therefore the new mobile app are going to be easy to use for taxpayers. it'll enable taxpayers to collect information like ITR form, pre-filled tax details, Saral tax facility, etc.

The mobile app facility are going to be unrolled on June 7, 2021, along side the new ITR e-filing portal.

Image

The tax department is functioning on compliance check utility also . While replying to a question of a taxpayer, the tax department said, "The ‘Compliance Check Utility’ for deductors/collectors for determining the applicability of section 206AB/206CCA (including bulk mode) is under development and can be made available soon."

For further information to the income taxpayers, all important features of the tax portal available on the desktop are going to be made available on the tax mobile app also . The tax mobile app are going to be enabled subsequently for full anytime access on a mobile network.
Read Also  Get Live Indian Stock Market Tips at Sharetipsinfo

World food price index surges in May to highest level since 2011: FAO

http://sharetipsinfo.comJust get registered at Sharetipsinfo and earn positive returns

www.ShareTipsInfo.com

FAO also issued its first forecast for world cereal production in 2021, predicting output of nearly 2.821 billion tonnes -- a new record and 1.9 percent up on 2020 levels.

Source: Reuters

World food prices rose in May at their fastest monthly rate in more than a decade, posting a 12th consecutive monthly increase to hit their highest level since September 2011, the United Nations food agency said on Thursday.

FAO also issued its first forecast for world cereal production in 2021, predicting the output of nearly 2.821 billion tonnes -- a new record and 1.9 percent up on 2020 levels.

The Food and Agriculture Organization's food price index, which measures monthly changes for a basket of cereals, oilseeds, dairy products, meat, and sugar, averaged 127.1 points last month versus a revised 121.3 in April.

The April figure was previously given as 120.9.

On a year-on-year basis, prices were up 39.7 percent in May.

FAO's cereal price index rose 6.0 percent on May month-on-month and 36.6 percent year-on-year. Maize prices led the surge and are now 89.9 percent above their year-earlier value, however, FAO said they fell back at the end of the month, lifted by an improved production outlook in the United States.

The vegetable oil price index jumped 7.8 percent in May, lifted primarily by rising palm, soy, and rapeseed oil quotations. Palm oil prices were boosted by slow production growth in southeast Asia, while prospects of robust global demand, especially from the biodiesel sector, drove up soyoil prices.

The sugar index posted a 6.8 percent month-on-month gain, due largely to harvest delays and concerns over reduced crop yields in Brazil, the world's largest sugar exporter, FAO said.

The meat index rose 2.2 percent from April, with quotations for all meat types buoyed by a faster pace of import purchases by East Asian countries, mainly China.

Dairy prices rose 1.8 percent on a monthly basis and were up 28 percent on a year earlier. The increase was led by "solid import demand" for skim and whole milk powders, while butter prices fell for the first time in almost a year on increased export supplies from New Zealand

Read Also:- Why are option tips helpful for me in the market?

FAO said its forecast for record world cereal production this year was underpinned by a projected 3.7 percent annual growth in maize output. Global wheat production was seen rising 1.4 percent year-on-year, while rice production was forecast to grow 1.0 percent.

World cereal utilization in 2021/22 was seen increasing by 1.7 percent to a new peak of 2.826 billion tonnes, just above production levels. "Total cereal food consumption is forecast to rise in tandem with world population," FAO said.


GDP Print: Second COVID wave has pushed back normalisation of consumption demand by few quarters

http://sharetipsinfo.comJust get registered at Sharetipsinfo and earn positive returns

www.ShareTipsInfo.com

The RBI will not have any further room to reduce rates as inflation remains on the higher side, so it is the Centre that will have to look for ways to revive consumption demand.


The Indian economy was within the process of getting back on its feet after it had been severely hit by a really stringent lockdown within half of the last fiscal. From a contraction of 24.4 percent Q1FY21 and after two consecutive prints of negative numbers, GDP prints turned positive within the third and fourth quarters of FY21. The full-year GDP growth was at -7.3 percent, better than -8 percent projected by the CSO. this is often excellent news little question.

However, beyond the initial joy, as you scratch the surface, the emerging story might not be as rosy. allow us to check out the expenditure side composition of the GDP that comprises private consumption, government consumption, investment demand, and net trade.

The data shows that growth within the Q4 FY21 was led by government consumption expenditure that grew by 28 percent and capital formation (or investment demand) increased by 11 percent. the expansion in capital formation was presumably thanks to a pointy increase within the government cost.

Unfortunately, the private consumption expenditure that comprises the majority of Indian GDP did not grow by any significant extent. Private consumption expenditure growth was at 2.7 percent in Q4FY21, only relatively better than the contractions witnessed within the first three quarters of the year. The share of personal consumption expenditure in current prices in Q4FY21 was at 59.2 percent, weaker than 60.4 percent in Q4FY20.

It was a known incontrovertible fact that the consumption demand was weak even before COVID-19 hit us. Last year's lockdown forced people to remain reception, while incomes were also hurt thanks to job losses and salary cuts. This led to an erosion in consumer sentiment but because the economy opened, some amount of pent-up demand came to the rescue. The second wave of the virus is probably going to possess squarely hit the method of normalization of consumption demand and will scar the economy for an extended period than is being expected.

Read Also :- how to recover money lost in the stock market


In the second wave, the infection has spread deep into the agricultural areas and data indicates that salaried jobs lost within the rural segment are quite within the urban segment. MNREGA is seeing pressure to supply employment, resulting in a widening gap between people seeking jobs under the program and other people getting it. While this gap can close because the sowing season gets underway, not all displaced workers will probably find work. There have been tons of reverse migration last year and possibly some this year too. Generally speaking, wages in rural areas also are less than those in urban areas.

For the urban population which has been hit by the virus, high medical expenditures and also precautionary savings to require care of future such expenditures could see consumption spending lagging whilst the economy exposes once more. Further, as long as the second wave hit us with such rage, there might be some aversion among people to venturing out, implying travel and tourism-related expenditures might be limited.

All this suggests that the expected normalization of consumption demand is often pushed back by a couple of quarters. The unintended consequence of the virus is that the inequality of income is probably going to possess widened again, a negative for consumption demand. India thrived on aspirational demand on robust expectations on future income generation and this might be truncated.

A speedy vaccination of the population is perhaps how which may enable recovery in consumer sentiments by reducing the uncertainty of the virus and fears of being suffering from further waves of infection. While the pace of vaccination had slackened, we remain hopeful that starting June supplies will end up to be better with domestic production also as imports of vaccines being ramped up.


The Federal Reserve Bank of India (RBI) won't have any longer room to scale back rates as inflation remains on the upper side. So, it's to be the Centre which might need to take up the mantle of reviving consumption demand. Higher allocations for MNREGA, implementation of an urban employment guarantee scheme, and a few cuts for the lower tax brackets could also help support demand.



Fuel prices: Cost of petrol, diesel remains unchanged; check today's pricing here

http://sharetipsinfo.comJust get registered at Sharetipsinfo and earn positive returns

www.ShareTipsInfo.com

Fuel prices remained unchanged across major metropolitan cities of India on June 2, days after breaching the Rs 100-mark in cities such as Mumbai.

Fuel prices differ from state to state depending on the incidence of local taxes such as VAT and freight charges.

The price of petrol remained above the Rs 100-mark in Mumbai and stood at Rs 94.49 per litre in the national capital.

Fuel prices vary across states depending on local taxation like value-added tax (VAT) and factors such as freight charges. Rajasthan reportedly levies the highest VAT on petrol in the country, followed by Madhya Pradesh and Maharashtra.

In Rajasthan's Sri Ganganagar district, petrol was priced at Rs 105.52 per litre and diesel at Rs 98.32 a litre, according to the Indian Oil Corporation.

The state-run oil marketing companies (OMCs) – Indian Oil Corporation, Bharat Petroleum and Hindustan Petroleum – decide the rates of domestic fuel against global crude oil prices by taking into account changes in foreign exchange rates.

Check fuel prices in some of India’s major cities:

Mumbai - Petrol: Rs 100.72; Diesel: Rs 92.69

Delhi - Petrol: Rs 94.49; Diesel: Rs 85.38

Chennai - Petrol: Rs 95.99; Diesel: Rs 90.12

Kolkata - Petrol: Rs 94.50; Diesel: Rs 88.23

Bengaluru - Petrol: Rs 97.64; Diesel: Rs 90.51

Hyderabad - Petrol: Rs 98.20; Diesel: Rs 93.08

Ahmedabad - Petrol: Rs 91.48; Diesel: Rs 91.93

Jaipur - Petrol: Rs 101.02; Diesel: Rs 94.19

Guwahati – Petrol: Rs 90.20; Diesel: Rs 85.23

Stock Market Tips With High Accuracy

  UseFul Links:: Stock Market Tips Home | Services | Free Stock / Commodity Trial | Contact Us