Markets take recovery note but still in red - Feb 28, 2007 - 2:15 PM
February 28th, 2007
Infosys says that the budget could get a small impact on IT and BPO companies considering the MAT
More allotments made to Tourism companies. Hotel industry too, in general, will benefit.
No increase on CENVAT and Service Tax.
Real Estate companies seen to have a hit; Unitech (-7 pts); Mahindra Gesco (-45 pts)
No impact on petrol, diesel and oil.
Markets took a small recovery post budget. BSE Sensex is currently at 13180.40 (down 298.43) while S&P CNX Nifty is at 3817.30 (Down 76.60); BSE Midcap is at 5603.28 (Down 103.12)
Entry Filed under: Equity Markets, Budget 2007
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