ECONOMY ANALYSIS
- Sensex rises 97 pts post interim Budget; private banks lead
- Stocks in news: SBI, Spice-jet, REC, DLF, PNB, Educomp.
- DLF up 1% as its net debt shrinks by over Rs 2500 cr.
- May lose Rs 300-400 cr on auto excise relief: Chidambaram
- Air India to get equity infusion of Rs 5,500 crore
- FM Chidambaram fiddles as NPAs burn banks
- Everone Education's EGM on March 06, 2014
MARKET ANALYSIS
- MUMBAI: The S&P BSE Sensex recovered most of the lost ground and closed on a firm note as some buying emerged in the last half an hour of trade as institutional investors took stock of the interim union budget by the Finance Minister P Chidambaram.
- The minister said fiscal deficit for FY14 will be contained at 4.6 per cent of GDP against 4.8 per cent budget expectations of FY14. The government aims at fiscal deficit of 3 per cent for FY17.
- The government has cut excise from 12 per cent to 8 per cent for small cars, bikes, etc, excise duty on SUVs will be cut to 24 per cent from 30 per cent and mid segment cars will be cut to 20 per cent from 24 per cent.
- Excise duty is cut by 200 bps for capital goods and consumer durables in an effort to boost the manufacturing sector.
- The 30-share index closed at 20,477.01, up 110.19 points or 0.54 per cent. It touched a high of 20,492.43 and a low of 20,338.95 in trade today.
MAJOR INDICES
INDIAN MARKET
INDEX
|
CLOSE
|
CHANGE
|
% CHANGE
|
SENSEX
|
20464.06
|
97.24
|
0.48
|
NIFTY
|
6073.30
|
24.95
|
0.41
|
BANK NIFTY
|
10326.55
|
122.80
|
1.20
|
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