The Hindu Business Line : Tuesday, March 01, 2005

Gold funds: A new investment avenue
INDIAN investors who would like to add gold to their portfolio have been faced with a Hobson's choice so far. Either you invest in jewellery and sacrifice a significant portion of your investment to variations in caratage, wastage and making ... More

BUDGET

Market players see no impact of STT
THE stock markets have many reasons to cheer from the Union budget proposals such as lowering of corporate taxes, benefits for sectors like sugar and textiles and focus on infrastructure likely to improve the sentiment of stock market. But the ... More

Fine-tuning the capital market
THE capital market has emerged as a major vehicle for converting savings into investment. It is also the preferred investment destination of foreign savings. The steps announced by me last July, and implemented, have strengthened the capital ... More

Taxing trades in stocks, futures and options
Stock-trading tax: The securities transaction tax (STT) has stabilised, but the rates are widely perceived to be too low. I, therefore, propose to make a very nominal increase in the rates for all categories of transactions. Thus, a day ... More

Traders welcome tax amendment for derivatives trading
THE derivatives segment of the equity market received a boost from the Finance Bill in the amendment of the Income Tax Act for derivatives trade. Stockbrokers see it as a positive move. The Finance Minister, Mr P. Chidambaram, in his Budget ... More

`Positive Budget'

MUTUAL FUNDS

Equity-linked schemes to lose lustre
EQUITY linked savings schemes (ELSS) will lose their relevance in the wake of the Budget. These schemes, which provided tax rebates under Section 88 of the I-T Act, may from now on not be considered by investors in their bid to generate tax ... More

AMCs gearing up for gold funds
The mutual fund industry has made a concerted effort in the last year to try and introduce mutual fund products that would invest in commodities instead of equity or debt. This effort just got a shot in the arm with the Finance Minister, Mr P. ... More

TECHNICAL ANALYSIS

Bulls prevail
BULLS were in command of Monday's trading activity. However, they could not gain much from the day's trading. The sentiment reading of the tradable counters remains bullish. Bear domination on Tuesday is likely to reduce the bull count ... More

STOCK MARKETS

Markets give thumbs up; Sensex zooms
THE bourses gave a six-gun salute to the Budget with the Sensex touching all-time high levels. Though both Sensex and Nifty were range bound during the Budget speech, they zoomed upwards soon after the conclusion of the speech with the markets ... More

Moods swing for B-day brokers
"WE only hope that even if the Finance Minister does not do much good, he will not do much to harm the markets," said a broker on his way to his office at the BSE on Budget Day. This sense of uncertainty hung over the bourses during Mr P. ... More

`Capital gains tax benefit not extended'
INCREASED STT on all transactions has been handled well with a marginal increase, although STT on mutual fund unit transactions is unwarranted as it would tantamount to double taxation. There has been disappointment that the benefit of the ... More

DERIVATIVES MARKETS

FIIs can submit collateral for derivatives
THE Finance Minister has sought to correct an anomaly in the derivatives margin payment norms for FIIs. He said that "FIIs are to be permitted to submit appropriate collateral, in cash or otherwise" when trading in domestic derivatives. ... More

Outlook may turn positive for Mastek
THE following strategies are based on Monday's trading in the spot and the derivatives segments on the NSE: Mastek: The stock closed at Rs 385 in the spot market. The outlook may turn positive if the stock trades above Rs 387. In the ... More

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