FM says no to STT removal; Street veterans say sit on cash till market finds bottom

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ET Markets Daily Brief | Sat, Feb 03, 2018 | 04:41 PM IST Follow ET Markets

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Market will take time to digest Budget; IT, FMCG, metals may do better The Midcap index fell 4 to 6 per cent, and the Smallcap index as much as 10.63 per cent. STT removal not on table; exemption for wealthiest against the grain: FM Wealthy investors cannot enjoy tax exemptions for long, FM Arun Jaitley said. Traders are asking if the bond and stock selloff is the start of something big The most significant feature of this selloff has been its breadth.

Interview One to One "In the midst of concerns over rising crude prices, IT, FMCG & pharma stocks could be on investor radar."... Shrikant Chouhan , Kotak Securities

Advertorial Send your Budget wish to the FM, win a hamper Post a video upto 90 secs here using #ETBudgetWishlist and grab the opportunity.

Advertorial Making your first mutual fund investment Investors should also read the scheme related documents and understand the investment objective of the mutual fund scheme, know the securities in the scheme where money will be invested.

Top Mutual Funds SCHEME NAME RATING 1 M(%) 6 M(%) 1 YR(%) 3 YRS(%) Mirae Asset India Opportunities Fund Direct- Growth 0.42 7.89 28.30 14.36 JM Core 11 Direct Plan-Growth -1.75 2.35 24.19 13.88 Invesco India Growth Fund Direct-Growth 0.74 9.99 31.71 13.62 Mirae Asset India Opportunities Fund Regular- Growth 0.36 7.51 27.37 13.48 Kotak Select Focus Fund Direct-Growth -0.30 4.66 23.09 13.05 Featured DSPBR Dynamic Asset Allocation Fund Direct-Growth ★★★★★ 0.10 1.14 8.53 8.30 Start SIP

Market Watch 3 Feb | 04:41PM| SENSEX NIFTY USD/INR GOLD 35066.75 ↓-839.91 10760.60 ↓-256.30 64.07 ↑0.04 30350.00 ↓-155.00

Gainers Losers 3 Feb, 2018, 04:41PM IST, PTI|View All Company Name Live Price Change (%) Volume High Low ISL Consulting Ltd. 20.95 15.43 100 20.95 20.95 TTK Healthcare Ltd. 944.55 12.07 24770 1011.35 805.05 Ad-Manum Finance Ltd. 39.85 11.47 605 40.00 33.50

Tweet of the day... Amazon stock market value on verge of eclipsing Microsoft

FROM THE NEWSPAPER

Time to rebalance portfolios: Shift some more money to debt There are expectations that earnings will grow significantly in the coming quarters. At last, the bulls have given in; sit on cash till bottom is found The only competitor to equities is debt, which is slowly becoming attractive. Equity schemes may declare huge dividends Dividend on equity-oriented mutual funds is tax-free for investor till end of this financial year. SBI, Torrent Power are two 'sell' ideas for Monday: Kunal Bothra Many midcap stocks have fallen 30-40 per cent from their two-week highs, says Kunal Bothra. Budget 2018: Grandfathering fears shake up FPIs The Income-Tax Department also tweeted that 'grandfathering' will be applicable to FPIs.

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