Thursday 28 February 2013

The Economic Times Daily Newsletter

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Dated:February 28,2013
Top Headlines

Market reaction to budget 2013 is disappointing: Jim O'Neill, Goldman Sachs AM

The markets do not seems to be very impressed. There is obviously something that has been a bit of a negative surprise.


Budget 2013: 12 important things for the middle class

While some measures are meant to make investments lucrative, others such as hike in excise duties will pinch pockets.


Budget 2013: Seven tax-saving avenues for common-man

This year's budget has not changed the tax slab rates for taxpayers, implying zero savings as far as the basic payment of income tax is concerned.


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Though there is an apprehension among the gold traders that the budget may see another round of import duty hike.
After years of paltry growth and despite a govt austerity drive that could batter the economy, signs are emerging that robust recovery is around the bend.
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Market Round-up
SENSEX 18861.54 -290.87
NIFTY 5693.05 -103.85
NASDAQ 3110.78 -6.72
DJIA 13534.89 27.57
RS/$ 54.81 -0.20
NSE Gainers
Scrip Price(Rs.) %Change
Agro Dutch Industries Ltd
2.85 + 11.76
Hira Ferro Alloys Ltd.
19.00 + 11.44
Super Sales India Ltd.
216.50 + 10.23
Norben Tea & Exports Ltd.
5.55 + 8.82
Ganesh Housing Corporatio
79.10 + 8.13
NSE Losers
Scrip Price(Rs.) %Change
Suzlon Energy Ltd.
16.00 -34.02
Glory Polyfilms Ltd.
1.20 -20.00
Plethico Pharmaceuticals
205.35 -19.99
Shilpi Cable Technologies
12.80 -18.21
Murli Industries Ltd.
8.15 -16.41

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