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Indian Indices Trade Marginally Lower; Telecom Stocks Witness Selling
Fri, 30 Jun 11:30 am

Share markets in India are presently trading marginally lower. Sectoral indices are trading on a mixed note with stocks in the telecom sector and capital goods sector witnessing maximum selling pressure. Healthcare stocks are trading in the green.

The BSE Sensex is trading down 62 points (down 0.2%) and the NSE Nifty is trading down by 22 points (down 0.2%). The BSE Mid Cap index is trading up by 0.1%, while the BSE Small Cap index is trading flat. The rupee is trading at 64.76 to the US$.

India is all set to ring in the goods and services tax (GST) at midnight tonight.

As per an article in the Economic Times, Finance minister Arun Jaitley has expressed the hope that the government will not have to use the anti-profiteering provision of the goods and services tax (GST) and said prices should drop overall under the new regime to be put in place on July 1.

The Finance Ministry has started notifying various provisions of law relating to interest calculation, input tax credit and valuation under the GST regime.

Also, provisions in the Central GST Act (CGST), Integrated GST (IGST) Act and Union Territory GST Act and rules under them are being notified.

Implementation of GST promises to transform India into a single common market and there are many sectors which will gain immensely from this transition.

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The implementation of the same is bound to bring more companies under the new tax regime, thus providing a level playing field to organized players that face huge competition from the unorganized segment.

If you would like to dig deeper into the practical implications of GST, I strongly recommend you download Vivek Kaul's free report, What the Mainstream Media DID NOT TELL YOU about GST.

For individual stocks, GST should not change one's perception about businesses and the way they value them. In other words, following a bottom-up approach and picking undervalued stocks during such times could continue to prove the best play.

In the news from IPO markets, Central Depository Services (India) (CDSL) made a stellar debut on NSE today by listing at Rs 250 per share. This meant a premium of 68% over its issue price of Rs 149 per share.

The company's IPO had received a spectacular 169-times oversubscription last week.

Speaking of IPOs, the primary markets have caught the frenzy of investors. However, are IPO's a sure shot way to make money in the stock markets?

According to Hindu Business Line, till June 2016, only 40% of the IPOs launched between 2004 and 2011 were trading above their issue price, as can be seen from the chart below.

Are IPOs a Sure Shot Way to Make Money?

So the best way to invest in IPOs is by evaluating each IPO on its merits by considering its fundamentals, and most importantly, the valuations. And this is particularly important when the hype surrounding IPOs is at its peak.

If you're new to the 'dizzy' world of IPOs, we have something for you...

Our new and completely free report - How to Get Rich with IPOs - will tell you how to find those money spinning IPOs and avoid the disasters in the coming year and beyond.

Apart from the four IPOs we saw this month, there's one more open for subscription presently. The company is AU Small Finance Bank Ltd.

AU Small Finance Bank Limited (AU SFB) has recently transitioned from retail focused non-banking finance company which primarily served low and middle-income individuals and businesses that have limited or no access to formal banking and finance channels.

The company received a license from RBI to set up small finance bank (SFB) on 20 December 2016 and it is the only NBFC categorised as an asset finance company to obtain such a license. It commenced SFB operations from 19 April 2017.

Should you consider participating in this IPO?

Here's our view on the AU Small Finance Bank Ltd IPO (subscription required).

For information on how to pick stocks that have the potential to deliver big returns, download our special report now!

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Jul 27, 2017 (Close)

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