The Indian stock markets reacted sharply as the Finance Minister is presenting his speech. Here are some highlights of the market reactions
Increased spending for the Education sector will boost paper sector
Heath sector gets boost
Jain Projects to benefit due to increase irrigation allocation
Agriculture Loan waiver has negatively impacted public sector bank stocks. State Bank of India and its subsidiaries are down. Even stocks of private banks including ICICI Bank and HDFC Bank that had few exposure through agricultural loans is taking some heat
Textile sector gets maintained importance
Setting up of National T&D Fund to help power sector companies
Income Tax Slabs changed. Positive for individuals
Corporate Tax and Surcharge Rates not changed – no impact to corporates
STT not touched. Short Term Capital Gains increased to 15% - Negative for Short Term Investors
February 29th, 2008
A big day for the stock markets. The Indian Finance Minister will be presenting his Budget speech shortly. Meanwhile the Indian stock markets opened marginally in the red. Fertilizers, Seeds and Paper stocks are in the green considering the budget will give some thrust to agriculture.
Minister of Finance Chidambaram and Minister of State for Finance entered into the Parliament just few minutes ago. The Finance Minister will be presenting the Indian Union Budget at about 11:00 AM
Banking stocks are in the red. Bank Nifty is down 1.28% CNX IT is marginally up at 0.09%
Auto, Bank, Consumer Durables, Health Care, IT, Metal, Oil & Gas, Power sectoral indices on the BSE are in the red. Consumer Goods, FMCG, PSU and Realty sectoral indices are in the green. Chambal Fertilizers, RCF, Zuari, Aries Agro, Kaveri Seeds and Tamilnadu Newsprint are buzzing with over 3-4% upside just few minutes after openeing.
February 29th, 2008
The Exchange has successfully completed its 2013th Normal Settlement (Rolling T+2 following SEBI directive) since inception i.e., Settlement Number N – 2008041 on February 28, 2008. The settlement statistics is as follows:
Particulars
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Values
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|
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N – 2008041
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Total traded quantity (lakhs)
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4209.41
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Total traded value (Rs. In Crores)
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11014.28
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Total value of the settlement (Securities) (Rs. In Crores)
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2923.84
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Total value of the settlement (Funds) (Rs. In Crores)
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637.41
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Shortages for the settlement
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0.19%
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% of Delivery ( No. of shares deliverable / No. of shares traded )
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22.35%
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Retail Debt Market have completed its 1287th settlements details of which is as follows:
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Settlement No.
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Traded Value
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Settlement Value
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|
|
|
Securities
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Funds
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D- 2008041
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NIL
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NIL
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NIL
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February 28th, 2008
The equity shares of the following company shall be listed and admitted to dealings on the Exchange w.e.f. March 3, 2008. Trading shall be in the Normal Market segment – Compulsory Demat (Rolling Settlement) for all investors.
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Sr. No.
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Symbol
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Name of the Company
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ISIN Code
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1
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SHALPAINTS
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Shalimar Paints Limited
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INE849C01018
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February 28th, 2008
The equity shares of the following company shall be listed and admitted to dealings on the Exchange w.e.f. March 3, 2008. Trading shall be in the Normal Market segment – Compulsory Demat (Rolling Settlement) for all investors.
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Sr. No.
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Symbol
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Name of the Company
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ISIN Code
|
|
1
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RAINCOM
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Rain Commodities Limited
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INE855B01017
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February 28th, 2008