Bulls & Bear Hfund of India

The GST Council cut rates on 178 items to 18 percent from 28 percent on Friday, slashed taxes on all standalone restaurants to 5 percent, simplified return filing procedures for small firms in one of biggest changes in rules and rates since the new system kicked in from July 1. The Goods and Services (GST) Council, which met in Guwahati, has decided to cut keep only 50 luxury and 'sin' goods like tobacco in the highest slab, paving the way for price cuts in raft of commonly used goods from furniture to sanitary ware, electrical fittings, detergents, marble flooring and toiletries Except for white goods, some auto parts, aircraft parts, yatch-related products, cement, paint and some other products, the GST rate on all other items have been placed in a lower slab. The GST rate on two items— wet grinders, armoured fighting vehicles—have been cut from 28 to 12 percent. Taxes on six items have been cut from 18 to 5 percent, in eight items from 12 to 5 percent and from 5 to z

Nifty targeting 10700 in November series with support near 10200; FIIs turn buyers after 3 months The Nifty50 has continued its up move after breaking out from 10150-10200 range. This remains a major support price range and the index can move up to 10,700. The banking space is supporting the market due to performance returning in underperforming banking heavyweights Option writers are quite active at 10200 Put options. Eventually, these positions are coming closer to 10300 Put options. This means the major correction in the index may not be seen. Positions of Call writers have been formed at 10500 and 10700 Call strikes. These are stuck up Call writing positions. Hence, a move beyond 10500 can be extended to 10700 levels The Nifty futures positions are formed with the increasing basis. This means the index has seen long additions where FIIs are also adding positions on the long side. So far, foreign investors (FIIs) had remained quite skeptical. However