Budget 2014 has some surprises, markets shrug off interim Budget & other stories

To ensure delivery directly to your inbox, Please add etnotifications@indiatimes.com to your address book today. If you are having trouble viewing this newsletter, please click here.
	Dated:17 February,2014

Top Headlines Budget 2014 has some surprises, but real money lies in individual stocks Most experts are of the view that the indices may remain in a range through the year, while the real money can only be made in individual stocks. How excise duty cut will be a booster for auto stocks, sector In an effort to boost the slowing auto sector, FM announced a cut in excise duty for bikes, small cars, mid-segment cars and SUVs. Markets shrug off interim Budget, Sensex looks on course to 22,000 Indian markets came off their highs after the Finance Minister presented interim budget on Monday, ahead of the upcoming elections. Views on Stocks/Markets Expect pre-election rally by March-end: Prabhudas Lilladher Market valuations attractive; see limited downslide: Raamdeo Agrawal Rate-sensitive stocks could do well post elections: BofA-ML IPO/Global Markets European shares rally World stocks hit high Asia stocks rally Rupee / Gold Gold jumps Rs 465 on global cues Re at near one-month high 'Govt to ease gold import curbs' More 'Market' News Markets unmoved, but brokerages give the thumbs-up to Budget The cut in excise duty cut across the board in the automotive sector and the capital goods sector is a welcome step, say analysts. Top 5 takeaways for markets from FM's interim Budget Markets pared most of their morning gains but were still trading with a positive bias, led by gains in banks, power and realty stocks. Budget boosts Sensex 97 points to month's high; auto, banks gain Sensex ended at its highest level this month on hopes tax concession proposals announced in interim budget will boost economic growth.	Market Round-up SENSEX 20464.06 97.24 NIFTY 6073.30 24.95 S&P500 1,782.59 -11.60 NASDAQ 4,103.88 -19.25 USD/INR 61.7250 .00 USD/INR 61.7250 .00 NSE Gainers Scrip Price(Rs.) %Change Igarashi Motors India Ltd 115.85 + 19.99 MPS Ltd. 297.50 + 19.98 Aries Agro Ltd. 54.05 + 19.98 Tamilnadu Petroproducts L 9.20 + 19.48 Somany Ceramics Ltd. 147.10 + 15.10 NSE Losers Scrip Price(Rs.) %Change Opto Circuits India Ltd. 24.90 -13.54 Gayatri Projects Ltd. 52.10 -10.94 SEL Manufacturing Company 2.75 -9.84 Shree Rama Multi-Tech Ltd 4.60 -9.80 Sakuma Exports Ltd. 15.15 -9.28

About Us> | Advertise with Us | Terms of Use and Grievance Redressal Policy | Privacy Policy | Feedback | Sitemap Copyright © 2014 Bennett Coleman & Co. Ltd All rights reserved. For reprint rights: Times Syndication Service Follow Us: If you want to unsubscribe the service, please click here.