Union budget today 16 march, Stock news and updates 16 march, stock market updates, budget news today, budget updates, stock tips for today, budget tips
BUDGET TODAY :- Following are some budget expectations for today :-
1. Fiscal prudence to bring deficit to 5-5.2% of gdp in fy13
2. Lower subsidies may reduce deficit target to 4.7% of GDP
3. Higher subsidies on food & fuel may disappoint
4. Exemption limit for direct taxes to increase to rs 3 lakh
5. Banking sector expectations: capital infusion in psbs to meet basel iii requirements, proposals to improve health of state electricity boards
6. Capital goods sector expectations: import duty of 14-15% on power equipment...mandatory domestic power equipment procurement for umpps
7. Cement sector expectations: removal of 5% import duty on.
EFFECT OF BUDGET ON SHARE MARKET
If budget disapoints, market can again see 5200 nifty but if budget catches bears on wrong foot then expect sharp upward movement as bears will be forced to cover there shorts of calls. so crucial day, do keep watch of our crucial update today.
STOCKS TO TRADE AHEAD OF BUDGET TODAY
Keep eye on jain irrigation dvr , pipaya shipyard , educom , from budget point of view
No comments:
Post a Comment