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Budget 2017 – Key Highlights

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Here are the Key Highlights from Arun Jaitley’s Union Budget 2017

Union Budget 2017

  • Existing tax rate for individuals in Rs. 2.5-5 Lakh income bracket reduced to 5% from 10%.
  • 10% surcharge on individual incomes between 50 lakhs and 1 crore. 15% surcharge on individual incomes above Rs.1 crore remain.
  • No service charge on railway tickets booked through IRCTC
  • No cash transactions above Rs. 3 Lacs
  • Referral and cash back schemes to promote BHIM App
  • Aadhaar Pay to be launched for people who don’t have mobile phones
  • To use head post-office for passport services
  • Govt recruitment: To introduce two-tier exam system
  • Total budget expenditure: Rs21 trillion
  • Rs3,000 crore to implement various budget announcements
  • Fiscal deficit for FY18 pegged at 3.2% of GDP
  • Revenue deficit for FY18 at 1.9%
  • Political funding: Maximum amount of cash donation that can be received is Rs2,000; political parties can receive donations by cheques or digitally; amendment proposed to RBI Act to issue electoral bonds; every party has to file returns within specified time
  • LNG: Reduce customs duty to 2.5%

Closing Remarks :-

It is said when my goal is in sight, the winds favour me and I fly. There is no other day more appropriate than this: FM Jaitley


Weekly Market Quote – Pre-Budget rally, Q3FY17 earnings and BSE IPO to drive the markets

By | Stock Market Review, Trading, Weekly Market Quote | 2 Comments

This article is written by Vijay Singhania – Founder – Director TradeSmart Online which was published in Equity Bulls.

Expectation from the forthcoming Union Budget, Q3FY17 earnings and forthcoming public issue of BSE will drive the markets in the coming week.

The pre-budget market rally has started and investors have started building positions on likely announcements from the budget to be presented on February 1.

Q3FY17 earnings from blue-chip companies is set to be the next big trigger for the markets. Reliance Industries and LIC Housing Finance will announce October – December 2016 quarterly results on Monday. While Axis Bank and Yes Bank will announce December 2016 quarterly results on Thursday, Adani Power and RBL Bank will announce quarterly results on Friday.

Meanwhile, Asia’s oldest bourse BSE will launch its much-awaited Rs 1,500 crore initial public offering (IPO) on January 23. The public offer of BSE will see sale of 1.54 crore shares by the existing shareholders through the offer for sale (OFS) route. This works out to close to 30 percent of the total holding.

On macro front, the government will announce monthly inflation data based on wholesale price index (WPI) for December 2016 on Monday. Inflation based on WPI eased for the third straight month to 3.2% in November 2016 from 3.4% in October 2016.

To know more please read the original article here.

A visit to an Orphanage..!

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visit to an Orphanage is a life-changing experience as it is filled with emotions and sentiments.  We were lucky to get an opportunity to visit an Orphanage named Salaam Balak Trust (shelter home for boys) on December 31, 2016.  There were around 40 children with 4 care-takers and a woman in charge.
It was a two-storey building with a terrace.  The walls of the home were old and the paint had worn off. It looked like the house was without maintenance for years.  There was a common hall.  There were mattresses pilled up and small red and yellow color lockers.  There were few bunk beds too.
Most of the children were watching TV when we entered.  Few boys were having breakfast and many boys were out for studies.  The age group of the children were ranging from 5 years to 14 years.  When we entered, most of the children started staring at us.
We had brought food, coldrinks, books, chocolates, pens, etc. with us.  We segregated ourselves and went to talk individually to everyone.  Many of us started playing indoor games with the children, while many choose to play outdoor games.
After interacting with children, we found out that everyone had been to Magic Show a day before our visit.  Everyone were so active and happy there.  Elder children were informing us about the rules and regulation that everyone in the shelter is supposed to follow.  Like no one can leave the Shelter without permission, no one can click a close-up pic of the children, etc.
After visiting the orphanage you start appreciating the little things in life when you see people who don’t have them. Only at such times do you tide over the insignificant and immaterial things and appreciate the bigger picture.

I feel extremely fortunate that I HAVE MY PARENTS WITH ME, THESE LITTLE ANGELS DON’T.

Cashless economy to boost online, mobile trading

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This article is written by Vikas Singhania – Executive Director TradeSmart Online which was published in Tribune India.


Since November 8, 2016 when Prime Minister Narendra Modi announced the demonetisation of Rs 500 and Rs 1,000 notes, the country has seen a significant improvement in embracing digital payments over cash. To sustain the momentum and encourage it further, Finance Minister Arun Jaitley announced a series of incentives that marked completion of a month of demonetisation. The incentives range from discounts at fuel stations, booking railway tickets online, insurance policies purchased and payments made at toll plazas.

Below are the key points extracted from article

  • Trading apps

The massive push to cashless and online transactions in India means retail investors in stock market will now increasingly turn to their mobile-based trading apps for its convenience, efficiency and security. We have already seen the launch of a series of trading apps by broking firms which offer big-data analytics and now artificial intelligence to trade better and faster from the mobile.

  • New Products

Soon, we will witness the next level of technology development where apps will permit brokers to offer their e-KYC to their customers. With e-KYC, brokers can open trading account for customers electronically. Investors with Aadhaar number and PAN can start trading in five minutes if they have registered their signature electronically.

  • Fastest-growing market

India has already become the world’s fastest-growing market for mobile-based stock trading since its launch in 2010. On the National Stock Exchange (NSE), the turnover of mobile transactions has increased by 350% in the past year — from Rs 37,900 crore in March 2015 to Rs 1,70,800 crore in November 2016. We believe these figures could double in the next two years. The contribution of mobile trading to total turnover could thus rise from 1.75% now to 3-4%.

Mobile trading is favoured by retail investors whose ticket size of investments is low. Increasingly affordable smartphone devices and cheap internet plans have surely helped push mobile-based trading. All you need is a smartphone and a trading account with a broker.

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Trading Holidays List 2017 – NSE, BSE, MCX and NCDEX

By | Trading | 2 Comments

Hello Traders,

2016 has been a great year and 2017 will surely be better. But in the middle of all the relentless hustle of doing whatever it takes to make it big, make sure you take a nice break every once in a while to enjoy life for what it is! To help you with that, watch-out this official 2017 trading holiday list for NSE, BSE, MCX and NCDEX.

 NSE & BSE 2017 Holidays List

No. Holidays Date Day
1 Republic Day January 26, 2017 Thursday
2 Mahashivratri February 24, 2017 Friday
3 Holi March 13, 2017 Monday
4 Ram Navami April 04, 2017 Tuesday
5 Good Friday & Dr.Baba Saheb Ambedkar Jayanti April 14, 2017 Friday
6 Maharashtra Day May 01, 2017 Monday
7 Id-Ul-Fitr (Ramzan ID) June 26, 2017 Monday
8 Independence Day August 15, 2017 Tuesday
9 Ganesh Chaturthi August 25, 2017 Friday
10 Mahatama Gandhi Jayanti October 02, 2017 Monday
11 Diwali-Laxmi Pujan* October 19, 2017 Thursday
12 Diwali-Balipratipada October 20, 2017 Friday
13 Christmas December 25, 2017 Monday

 Following holidays fall on Saturday/Sunday

No. Holidays Date Day
1 Mahavir Jayanti April 09, 2017 Sunday
2 Bakri ID September 02, 2017 Saturday
3 Dasera September 30, 2017 Saturday
4 Moharram October 01, 2017 Sunday
5 Gurunanak Jayanti November 04, 2017 Saturday

*Muhurat Trading will be conducted on Thursday, October 19, 2017(Diwali – Laxmi Pujan). Timings of Muhurat Trading shall be notified subsequently.

MCX & NCDEX 2017 Holidays List

No. Holidays Date Day Normal Session (10am-5pm) Evening Session (5pm-9.00/9.30pm and 5pm to 11.30/11.55pm)
1 New Year’s Day 01-Jan-17 Sunday Closed Closed
2 Republic Day 26-Jan-17 Thursday Closed Closed
3 Mahashivratri 24-Feb-17 Friday Closed Open
4 Holi (2nd Day) 13-Mar-17 Monday Closed Open
5 Good Friday 14-Apr-17 Friday Closed Closed
  Ambedkar Jayanti 14-Apr-17 Friday Closed Open
6 Ram Navmi 04-Apr-17 Tuesday Closed Open
7 Mahavir Jayanti 09-Apr-17 Sunday Closed Open
8 Maharashtra Day 01-May-17 Monday Closed Closed
9 Buddha Purnima 10-May-17 Wednesday Closed Closed
10 Ramzan Id 26-June-17 Monday Closed Open
11 Independence Day 15-Aug-17 Tuesday Closed Closed
12 Ganesh Chaturthi 25-Aug-17 Friday Closed Open
13 Bakri ID (ldu’LZuha) 02-Sep-17 Saturday Closed Open
14 Gandhi Jayanti 02-Oct-17 Monday Closed Closed
15 Dusshera 30-Sep-17 Saturday Closed Open
16 Moharram 01-Oct-17 Sunday Closed Open
17 Diwali – Laxmi Pujan 19-Oct-17 Thursday Closed Open**
18 Diwali – Balipratipada 20-Oct-17 Friday Closed Open
19 Guru Nanak Jayanti 04-Nov-17 Saturday Closed Open
20 Id-E-Milad 30-Nov-17 Thursday Closed Open
21 Christmas 25-Dec-17 Monday Closed Closed

*5:00 PM to 9:00 PM/9:30 PM for Internationally linked Agricultural commodities

Important Note:

The above data is declared as per the every year’s holiday list. For exact information about the trading holidays in 2017, visit exchange website (NSE,BSE,MCX).

Spreads Scanner

By | Trading | No Comments

From our previous article, you must be already familiar with the functions and applications of ‘High & Low Breaker’ scanner, as well as how to utilize the scanner for picking out profitable trades. Now, let us take a look at our next scanner – ‘Spreads’.

The Spreads scanner is highly useful in identifying stocks that have an arbitrage potential. The scan results of this Spreads Scanner lists out the stocks that have the highest change in spread between the near month future contract and cash. The results of the scanner are divided into two categories – Long and Short.

spreads_1 Read More

High & Low Breaker Scanner

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From our previous article, you must be already familiar with the functions and applications of ‘Circuit Breakers’ scanner, as well as how to utilize the scanner for picking out profitable trades. Now, let us take a look at our next scanner – ‘High & Low Breaker’.

The High & Low Breaker scanner is extremely useful for identifying stocks that crosses its high price or low price within a specified time period. The available time periods are 1 day, 1 week, 2 weeks, 1 month, and 52 weeks. The stocks listed in these scan results are also called as the outliners for that time period. The scanner results are displayed into two categories – High and Low as depicted below.

high_low_1 Read More

Circuit Breakers Scanner

By | Trading | No Comments

The Circuit Breaker scanner helps in identifying stocks that have immense profit making potential. The scan results of this scanner display a list of stocks that has hit the upper circuit or lower circuit for the day. The trader can form a bearish or bullish view of the stocks based on this scan result and enter new short or long trades.

The scan results of Circuit Breaker scanner are divided into two categories – Upper and Lower.


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Rise & Fall Scanner

By | Trading | 2 Comments

If there was a magic wand, identifying profit-making stocks would be easy-peasy. However, since stock market investors like you and I believe in practical hard core data rather than such ludicrous ideas, selecting good stocks is a much more difficult feat.

Before the advent of online trading tools, investors had to pour through a huge list of stocks in order to identify profitable ones. It included reading thousands of pages of stock data. This was a tedious, laborious, as well as time-consuming task. But this chore is now made easier – and as simple as doing a single click – with the help of market scanners that are available with the pioneers in smart trading like the Sine app.

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