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until the principles of trading in futures and choices completely, that you must end up working big losses, as Chirag Gupta, a 27-yr-previous day trader just lately did. imagine investing about Rs 11,250 in the inventory market and getting a return of Rs 6.08 lakh in a span of five minutes. however when the dealer sends you the contract word, the securities transaction tax (STT) for the exchange is over Rs 24 lakh -- almost four times the profit -- and it is not a printing mistake. It took place with 27-yr-old management pupil Chirag Gupta. When about five minutes had been left for the markets to close, Gupta noticed that he might purchase Nifty call options at 5 paise per unit and make a revenue of around Rs 2.75 a unit. He bought options that Nifty will close above 8,600 and it closed at eight,602.75. Gupta bought all of the Nifty quite a bit (three,000) he could within the short span of time. One Nifty lot has 75 units. Later, he realised that his dealer ha...

in advance of the first bi-month-to-month financial coverage statement for 2017-18, which is expected later within the day, the important thing Indian equity market indices on Thursday opened lower taking a cue from world markets. The sensitive Index (Sensex) of the BSE, which had closed at 29,974.24 points on Wednesday, opened decrease at 29, 946.89 factors. Minutes into trading, it was once quoting at 29,855.02 points, down by way of 119.22 points, or zero.forty per cent. at the national stock trade (NSE), the broader 51-scrip Nifty, which had closed at 9,265.15 points, was quoting at 9,230.40 points, down through 34.75 points or zero.38 per cent. in step with market observers, wholesome influx of overseas money, together with positive tax collection data and international cues pulled the indices of equity markets up on Wednesday. The S&P BSE Sensex rose to its document intra-day high of over 30,000 points whereas NSE Nifty too touched a brand new 52-week intra-day high...

India's broader NSE stock index hit a record high on Friday, as bets on improving earnings and additional economic reforms are fuelling a rally that investors believe will lead equity returns to outpace debt for the first time in two years. The NSE index, or Nifty, rose as much as 0.7 percent to an all-time high of 9,218.4, marking the third time this week when it hit a record peak, after results over the weekend showed that Prime Minister Narendra Modi's Bharatiya Janata Party won big in elections in the key state of Uttar Pradesh. Investors believe the win boosts Modi's re-election prospects in 2019 and will encourage him to advance his ambitious economic reform agenda. It also comes as analysts are growing confident of a recovery in earnings because of stronger economic growth: Macquarie estimates earnings-per-share for the NSE could surge 16 percent in the year starting in April, compared with a 5 percent rise in the previous fiscal year and 4 percent in 201...