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Fintoo brings you a very special series for all young professionals and budding entrepreneurs, seeking inspiration to begin their journey.
In this episode of FFC, the founders of Fintoo, CA Manish Hingar along with Anu Khanchandani will take you through their inspiring entrepreneurship journey that will help get vital insights into the life of an entrepreneur and the FinTech industry.
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Markets continue to remain resilient despite pressure in global markets as the Nifty witnessed a lower opening but rebounded sharply to close in the positive terrain at the highest point of the day.
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Markets exhibited a show of strength on Tuesday with the Nifty rebounding from lows after gap opening and ending with marginal gains.
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A move above 17250 is seen as a booster dose for bulls as call writers are expected to do a major short covering despite any lower opening.
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The Nifty 50 Equal Weighted Index has activated a major breakout on a weekly closing basis, and this is likely to fuel a further up move of 13% in large-cap stocks in the Nifty 50 Index.
With FII having a high preference for large-cap stocks, the next leg of the rally would be concentrated in the Nifty 50 basket, and this can be reconfirmed from the breakout in a spread of the Nifty 50 & Nifty 500 Index.
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Coffee Can Investing is one of the best books on stock market investment specially designed for Indian investors. In case you haven’t read the book, let our financial expert help you understand the concept along with the key learnings.
Key Highlights;
· What is coffee can investing
· Which kind of stocks are included in coffee can investing
· Interesting facts about coffee can investing
· Key learnings from coffee can investing
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The breakout in BSE Bankex in Euro terms would ensure FII's aggressive push in the long index derivatives market to take advantage of the 15% upside in Bank Nifty.
Aggressive long positions to be added above 17250 as call writers would run for cover.
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With the formation of the ‘Bullish hold line’ pattern in the previous week's candlestick chart, we can expect weekly closing to turn flat or in the green as observed in most cases. This along with the flag breakout in Bank Nifty clearly confirms that the market is positioned for Wave (iii) of 5 in days to come which may start with a rising gap of 1.5-2% in the near term.
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As per the latest amendments in the GST Act on 18th July 2022, renting out an immovable property for a residential purpose would be treated as a supply of services and will attract GST at 18%. It will be covered under Reverse Charge Mechanism (RCM) [Amendment in Reverse Charge Mechanism under Section 9(3) of CGST Act vide Notification No. 05/2022-CT (Rate) dated 13.07.2022, w.e.f. 18.07.2022]
Whether you are renting out your residential property, or you are renting a property for personal residential purpose, this video will help you understand how will this new amendment impact you.
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Key triggers for this week are the Fed rate decision on July 27, where a 75-bps hike could be on the cards. Also, the July F&O series expiry is expected to keep the markets volatile.
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