Union Budget 2012-13 Highlights|Stock Market Report Today ~ Intraday Share Market Trading-Stock Tips,NSE BSE Tips,Nifty Calls,MCX Commodity Trend

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CapitalVia Global Research Head of Research Vivek Gupta said: "The good thing to cheer for the investors is that now they own a stake in the company which is much more clean in all the aspects and is amongst the top-five IT companies." Via moneycontrol.com Commenting on the outlook, the broking firm CapitalVia Global Research said, "Next week, if gold sustains above the level of 26,430 then by breaking the level of 26,890, it may touch the level of 27,250. But if it fails to sustain above 26,430 then may touch the level of then it may test the level of 25,311/25,200. For silver 42,800 may act as good resistance. For the next week, traders can sell on higher level strategy, if MCX Silver September futures sustains below 41,080 then it could test the levels of 40,340/ 39,900." Via myiris.com Vivek Gupta, head of research, CapitalVia Global Research said, "Technically, Nifty is likely to consolidate in the upcoming session and remain bullishly poised. Major resistance for upside is 6,080 with the crossing of which 6,150 can be touched. For downside, major support is at the level of 5,850 and 5,750."

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Friday, March 16, 2012

Union Budget 2012-13 Highlights|Stock Market Report Today

Union Budget Live Updates 16 March , Budget Expectations Reactions of General People,Union Budget Impact, Highlights of Union Budget 2012-2013 Its Effect on Share Market, Stock Analysis Tips and Report Today 16 March:-Indian equity markets lost significantly today ahead of union budget. Oil & Gas, Capital Goods, Metal and Power were the loosing sectors of today's trade. The Sensex closed at 17451 down 225 points and the Nifty closed at 5318 down 63 points. Let us see what changes has made in the budget and who get what from it.

Union Budget 2012-13 Highlights:-

Income tax exemption limit raised to Rs.2 lakh.
During FY 2012-13 defence to get Rs.1.93 lakh crore
Service tax rate raised to 12% from 10%.
There is no change in corporate taxes.
National Skill Development Fund get Rs.1,000 crore.
Cinema industry exempted from service tax
Branded silver jewellery fully exempt from excise duty.
Customs duty on equipment for railways reduced from 10% to 7.5%.
Coal exempt from custom duty for coal mining projects and Thermal power plants.
Allocation of Rs.200 crore for research on climate change.
Irrigation and water resource company to be operationalised.
Excise duty increased on large cars from 22% to 24%.
Positive news for Infra : tax free bonds from Rs.30,000 cr to Rs.60,000 cr
Positive news for Jet, Spicejet.
STT reduced by meagre 20% in delivery transactions.
Negative news for PSU banks.
Negative for Oil & Gas Sector

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