"The major part of Friday's correction could be attributed to the Budget announcement of imposition of long term capital gains tax on equity, tax on distributed income by equity oriented mutual funds and fiscal slippage". The National Stock Exchange Nifty 50 ended 256.30 points, or 2.33%, lower at 10,760.60 - its biggest intra-day slump in more than a year.
Alphabet Shares Sag and It's Not All About Taxes Alphabet noted that it was hit with a tax expense of $9.9 billion in the fourth quarter of 2017 related to recent U.S. tax reform. Google Other is made up of non-advertising businesses that comprise of Google Cloud the hardware and Google Play, app store.
BSE Sensex and NSENifty open lower on Wednesday. As per records, this is the 9th steepest fall in a single day in the Indian stock markets in the last 10 years. On Friday, Nifty and Sensex fell 2 per cent each. At 12:25 IST, the barometer index, the S&P BSE Sensex, was down 572.72 points or 1.60% at 35,333.94. While the budget was being tabled, BSE market breadth was bearish with 1,676 declines and 897 advances. "European indices like FTSE 100, DAX and CAC 40 were trading in the red", added Jasani. "Additionally, rising inflation and yield may push the RBI to be more hawkish on interest rate in the coming monetary policy". Global markets, too, traded in the red owing to inflation fears and rising USA bond yields. "Long-term capital gains tax is a concern, but the bigger worry is the deficit and extra spending by the government", said Nirmal Jain, chairman, IIFL Holdings.
Realty stocks bled the most as the sectoral sub-index more than 6 per cent. Bank, financial service and auto sub-indices lost more than 3 per cent.
Other losers were Axis Bank, Maruti Suzuki, Reliance Industries, Tata Steel, M&M, HDFC Ltd, ICICI Bank, Hero MotoCorp, Kotak Bank, L&T, SBI, Tata Motors, Yes Bank, Adani Ports, IndusInd Bank, NTPC and HDFC Bank, losing up to 4.28%.
The tradition's roots are tied to the Christian holiday of Candlemas Day, celebrated every year on February 2. Groundhog Day enthusiasts descended on Punxsutawney, PA , for the 132nd edition of the annual tradition.
A statement from Morgan Margraves, his third daughter, was read at Nassar's sentencing in neighboring Ingham County last month. Since he hasn't been charged , he says he'll find a way to donate the money to help the victims of sexual abuse.
In 2015, Kiev's parliament gave unprecedented recognition as "Ukrainian independence fighters" to those who served in the UPA. Poland's lower house passed the bill, which mandates fines and jail terms of up to three years, last week.
Fans and experts intensified their questioning as to why Rahane wasn't playing and why Rohit Sharma was being preferred over him. The Indian skipper is also just 6-catches short of completing a century of catches in the ODI format.
The firm's largesse has encouraged investors to hold shares despite concerns that the memory business may be peaking. It is also anticipating strong demand for its new Galaxy S9 smartphone, which will be revealed on February 29.
With Legkov and the other 27 having their Sochi results reinstated Russian Federation roared back to the top of the medals table. Instead of a lifetime ban, they will be barred only from competing in this month's Winter Games at Pyeongchang.
The incident at Newark Liberty came as a number of airlines have been implementing stricter rules for emotional support animals . United would not let the peacock onto its flight, saying that the animal did not meet the airline's guidelines.
For now, all of the employees have been accounted for and are safe says Sibanye-Stillwater spokesperson James Wellsted . Nine-hundred mineworkers are still trapped underground Sibanye-Stillwater's Beatrix Mine in the Free State.
According to the message, 74 terrorists have been eliminated today and Operation Olive Branch is being successfully carried out. A Syrian militant in the area told The Associated Press that the Russian pilot was shot and killed when he resisted capture.
In what is now an unusual circumstance for SpaceX , Wednesday's launch of GovSat-1 did not try to land the first stage. The Falcon 9 rocket was previously launched in May 2017 to lift a satellite for the National Reconnaissance Office.
Nintendo Switch online service will arrive this September
In what should be a surprise to no one, Nintendo's $80 classic console - the Super NES Classic Edition - is a massive hit. As shown, from February onward we will be releasing a wide variety of new software titles one after the next.
US Stocks Slide, Weighed Down by Real Estate, Utilities
Analysts expect fourth-quarter S&P 500 earnings growth of 13.7 percent, up from 12 percent expected at the start of the month. Advancing issues outnumbered declining ones on the NYSE by a 1.14-to-1 ratio; on Nasdaq, a 1.61-to-1 ratio favored decliners.