For many mutual fund investors, the announcement of 10 per cent tax on their mutual fund income above Rs 5,000 has come as a rude shock.

Nagarjuna Construction Company (NCC) Limited announced that the company has received three new orders totaling to Rs 530 crore, which is exclusive of GST in the month of January 2020.

The market opened in the red on February 3, 2020. The previous trading session witnessed the Sensex going down by 987.96 points to end at 39,735.53 and the Nifty was down by 300.25 points to close at 11661.85. 

Infosys Innovation Fund, the startup fund of Infosys Ltd with US$ 500-million, has offloaded its stake in Denmark-based Artificial Intelligence (AI) firm UNSILO, at less than half the price it had invested.

Centrum Housing Finance Limited (CHFL), which is part of Centrum Group, has signed an agreement to raise Rs 190 crore of equity funds from a fund managed by Morgan Stanley Private Equity Asia.

The 200-DMA would decide the fate of the markets in the coming sessions. Watch out for 200-DMA as an important support for the index! Stocks in news: Coal India, MOIL, Info Edge.

It was a massacre on D-Street as the capital markets and investors were disappointed by the Budget 2020. Barring IT, all the sectoral indices ended with deep cuts. Over the weekend, the market participants must have gone through the fine print of the Budget 2020 and it would be important how the market participants react on Monday.

The rise in revenue is what has troubled the companies. It was evident from the Streets’ reaction that the expectations were different from what has been delivered.

Union Budget 2020-2021 has given a major boost to the power and natural gas sector. 

As part of the Budget 2020 announcement, Finance Minister Nirmala Sitharaman, announced that the government will be divesting its stakes held in IDBI Bank. The stock of IDBI bank jumped by massive 10 per cent post this news.