Basan Equity Broking LTD

The Nifty Midcap and Smallcap indices gained more than 6%, Nifty Bank and Auto indices rose 10%, followed by Metal (up 12%) ), but IT and Pharma closed in the red
The September series will definitely be remembered in the future as several fiscal measures taken by the government to revive the economy and earnings lifted market sentiment significantly....

MUMBAI: The Reserve Bank of India has ordered Punjab and Maharashtra Co-operative (PMC) Bank not to do any business for six months and capped depositor withdrawals at Rs 1,000, throwing the lives of thousands of traders, self-employed and daily wage...

Highlights:
– Q1 result impacted by weak demand offtake in agrochemicals
– Major projects receive environment clearance

Bears are clearly on the back foot after the government announced a reduction in the corporate tax rate from ~34 percent to 25.17 percent thereby fulfilling its key agenda of implementing the Direct tax Code (DTC) last week.
Indian market witnessed its single biggest intraday gain in the last 10 years which caught bears on the wrong side of the road last week. The S&P BSE Sensex rallied by nearly 2,000 points to climb Mount 38,000 while the Nifty50 reclaimed 11,200 levels...