MARKETS
STOCK MARKETS:
Market spooked
Mumbai, July 6 Equities fell like a pack of cards on Budget day, even as many analysts said the intense disappointment in the marketplace was misplaced and came from unreasonable ...
RECOMMENDATION:
Short-term support at 14,000 for Sensex
There was a sea of red splashed across trading screens on Monday as the Sensex and Nifty nose-dived 5.8 per cent. Market participants went on a selling spree, irked at the continuation of STT, increase in MAT and lack of policy direction in ...
RECOMMENDATION:
Day Trading Guide
The analysis and opinion expressed in these columns are based on the technical analysis of the past price behaviour. The stop-loss level provided with the recommendation is important. The original view would stand negated if the stop-loss level ...
STOCK MARKETS:
What triggered the sell-off
The Indian stock market was ravaged by a sell-off even as the Finance Minister was still reading out the Union Budget for 2009-10. The Sensex ended the day 870 points or 5.8 per cent lower; the largest Budget-day decline since ...
IPOS:
Oil India, NHPC initial public offer soon, says Finance Secy
Four more companies will be identified for disinvestment. New Delhi, July 6 State-owned Oil India Ltd and National Hydroelectric Power Corporation (NHPC) will tap the capital market with their initial public offering (IPOs) in August/September ...
STOCKS:
Infrastructure — Road to rapid growth
If there is any sector that can boast of walking away with most goodies from the Budget 2009-10, it is infrastructure. Be it the allocation for highways or irrigation programmes, rural development or accelerated power reforms, the ...
STOCKS:
Banking — No new account
Disappointment over the limited progress on the much-hyped “financial sector reforms” and the soaring fiscal deficit made the BSE Bankex the biggest sectoral loser among the BSE indices on Budget day. Measures such as FDI for ...
STOCKS:
Consumer Cos — Rural stimulus
Investors may once again have to go back to defensive consumer companies that have a substantial stake in rural India. That seems to be the key implication from Budget 2009’s continued focus on rural spending and agricultural credit, ...
STOCKS:
IT — Positive clicks
Mid- and small-sized IT companies can breathe easier with the extension of the sunset clause for tax benefits under the software technology parks scheme by another ...
COMMENTARY:
Banks lead the fall
The stock markets, which had risen in celebration of the new Government at the Centre, gave a thumbs down to the Union Budget, with both the bellwether indices closing in the red. The BSE Sensex tumbled a good 5.8 per cent to close a shade ...
STOCK MARKETS:
Economic Survey’s misled optimism spoils party
Market may regain as Govt focused on ‘aam aadmi’. There was little in the General Budget that the Economic Survey of last Thursday led them to expect, said disappointed ...
STOCK MARKETS:
Market frowns, but does that matter?
The BSE Sensex tanked by 869 points after the presentation of the Union Budget and a plethora of television channels lined up stock market and other industry experts to explain how equity investors had expected much more “positive ...
STOCKS:
Pipeline to profits
It was a good Budget for the oil and gas sector but it would have been even better if only the Finance Minister had also unveiled a clear plan to deregulate petroleum product pricing. Even so, the industry has been gifted two major ...
STOCKS:
FBT abolition: Minimal impact
The abolition of Fringe Benefit Tax (FBT) may remove a major procedural irritant but it may not have a material impact on the profits of the large listed companies. Introduced in 2005, FBT’s share has been less than 3 per cent of ...
STOCKS:
Put on the MAT
The Budget for 2009-10 has not been too kind to companies enjoying tax benefits and taking shelter under Chapter XIIB of the Income Tax Act commonly known as the Minimum Alternate Tax (MAT). The Budget has proposed an increase in the MAT ...
FINANCIAL SERVICES:
Knee-jerk reaction is negative but long-term growth on sound footing
Budget accords priority to infrastructure: Edelweiss. Growth, especially inclusive growth, continued to top the Government’s agenda in the ...
DISINVESTMENT:
Silence on disinvestment could be heard aloud
New Delhi, July 6 Belying expectations that the Government would present a roadmap for revitalising the disinvestment programme, the Finance Minister, Mr Pranab Mukherjee, today came out only with a few soft statements of intent on ...
MUTUAL FUNDS:
Cut in I-T may help mutual funds
Mumbai, June 6 Though the Budget did not contain anything that directly pertains to mutual funds, the increase in disposable income in the hands of investors is likely to pave the way for increased investments in mutual funds in the long ...
STOCK MARKETS:
Market may seek lower levels
Coimbatore, July 6 The stock markets reacted negatively to the Union Budget today because the Finance Minister’s speech did not meet its expectations on certain key issues and even if there is a bounce back from today’s lows, ...
STOCKS:
Lift to public holdings
The Finance Minister’s Budget promise to raise the threshold level of public holdings in listed companies is of immense significance to both investors and markets ...
FOREIGN INSTITUTIONAL INVESTORS:
Budget will stimulate growth: Citi
Mumbai/Chennai, July 6 Foreign institutional investors (FIIs) had a mixed reaction to the Budget announcements – ranging from disappointments to saying measures would bear fruit in three to five ...
FOREIGN INSTITUTIONAL INVESTORS:
Budget did not lay out a roadmap for reforms: HSBC
Mumbai/Chennai, July 6 FIIs felt market correction was due to strectched valuations and high hopes. “The market was due for a 10-15 per cent correction due to stretched valuations and unrealistic expectations on reforms in the Budget ...
STOCKS:
Stunted yields
Not taking up the Economic Survey’s suggestion of “decontrolling” the fertiliser industry, all that the Budget says is that it will be migrated to a “nutrient” based pricing regime. Thus far, the prices of ...
STOCKS:
Considerable spike
Power generation, transmission and distribution companies may benefit from extension of section 80-IA clause by one more year to 2011. However, the benefit may be partly offset by the minimum alternate tax rate hike to 15 per cent effective ...
STOCKS:
Disinvestment blues
Disinvestment was the buzz word, post election of a stable government. The FM’s Budget speech stressed on the importance of ‘public holding’ in the Central Public Sector Enterprises (CPSEs) without altering the nature of ...
STOCKS:
Technology overdrive
Educomp Solutions, NIIT and Everonn Systems may be the key beneficiaries of the Budget proposal to provide greater allocation to the ‘Mission in Education through IT’ scheme. All the three companies, especially Educomp and NIIT, ...
STOCKS:
Non-malleable
The steel sector will liken Pranab Muherjee’s 2009 Budget to Chares Dicken’s Ebenezer Scrooge before the haunting, he literally gave them nothing. The Railway Budget, with no changes in freight charges and 18,000 units wagon orders, ...
Columnists:
•
Harish Bijoor
•
Ramanujam Sridhar
•
S Ramesh Kumar
•
Radhika Chada
Comments & Letters to the Editor to: bleditor@thehindu.co.in
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