Union Budget 2013-14|Highlights|Impact on Share Market

Union Budget 2013-14 - Overview, Expectations, Impact, Economy, India, Stock Market, Commodity Market, Nifty Sensex, Free Trading Tips & Strategy for Today & Tomorrow:.

Impact On Stock Market: 

Union Finance Minister P Chidambaram presented his 8th Union Budget. It was 82nd Union Budget in the Indian history and the last Union Budget before the 2014 Lok Sabha elections. Indian markets plunged to the day's low with the BSE Sensex dropping 190 points to 18,961, while the 50-share Nifty declined 65 points to 5,732. The rupee also slipped into the red and traded at 54.18 to the dollar. Trade is likely to be volatile as March contracts expire today.

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What Got Costlier or Cheaper: 

1. Excise duty on Cigarette increased by 18%
2. 6% percent duty on mobile phones decreased.
3. Eating out to get more expensive. All A/C restaurants will have to pay service tax.
4. 100% custom duty on luxury cars.
5. Excise duty on Cigarette increased by 18%
6. 6% percent duty on mobile phones that cost above Rs 2000
7. Eating out to get more expensive. All A/C restaurants will have to pay service tax.
8. 100% custom duty on luxury cars.
9. 4% duty on silver.
10. Duty on set up box to be increased.
11. TDS at 1 per cent on properties being sold for more than Rs 50 lakh.
12. No excise duty for handmade carpets of choir and jute.
13. Vocational courses and testing activities in relation to agriculture to be exempt of service .
14. To reduce abatement rates on luxury apartments.
15. Lower Securities Transaction Tax on mutual funds.
16. Duty-free gold limit raised.

Budget 2012-2013 Expectations Of Stock Market

Highlights Of Budget 2012-2013|Rail Budget|Union Budget|Indian Budget 2012-13 & Its Effect on Stock Market|News For Upcoming Budget|Impact Of Budget On NSE BSE|Indian Budget & Economic Outlook|Tips To Trade During Budget|Nifty Outlook & Intraday Stock  Trading Tips For Monday 12 March:-

Important Dates:-

• 12th March -IIP Number
• 14th March - Rail Budget
• 15th March - RBI Policy
• 16 th March - Union Budget

Share markets are likely to remain volatile ahead of Budget, in the views of market experts. The most important thing that markets to watch out for would be to see some action on the mining and land acquisition bills.  All the stocks, registered in NSE BSE and categorized in various sectors has their own expectations from budget based on different factors. Capital Goods, Infrastructure, Real Estate, Automobile and Banking have various demands and hopes that may fulfill in the upcoming budget. NSE BSE Tips to trade in this duration is to stock to banks as investors has seen a big set back after the results of Uttar Pradesh assembly election.

Highlights & Expectations From The Budget 2012-13:

• Govt may enhance tax deduction for housing loans
• Increase health care allocation to 2.5% of GDP
• Cable sectors need to be given infrastructure.
• Assocham's recommendations for agricultural sector
• Exclude from GST, withdraw taxes on cycle industry
• Incentive needed for enhancing spending on R&D: Pharma sector
• The Parliamentary standing Panel wants no I-T till Rs 3L, new slabs
• Focus on farm sector productivity, not subsidy in Budget: M&M
• Poll results may result in slower reforms, populist budget
• Economy to grow 7.5 to 8% in 2012-13
• Economic expansion possible if global cues favourable
• Economic Survey to have new chapter on global imbalances
• Railways to earn Rs 20k cr from freight hike
• Fare hike? Railway minister keeps everyone guessing
• MPs play truant, skip crucial railway feedback meet
• Panel moots Rs 5k cr railway safety cess
• Budget to be finalized after poll results
• Pranab Mukherjee holds discussions with financial regulators

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