09.24AM:INTRADAY:BUY TITAN SA 236.50 SL 234.50 TGT 240/242
09.39AM:INTRADAY:BUY DLF SA 245 SL 243 TGT 248/250
10.48AM:INTRADAY:BUY BOMDYEING SA 386.50 SL 281 TGT 391/397
Free Calls Today : 19.07.2011
10.30AM:INTRADAY:BUY TATACOMM SA 217.50 SL 215 TGT 220/224
12.43PM:INTRADAY:BUY BHARTIARTL SA 396 SL 394 TGT 399/403
12.56PM:INTRADAY:BUY TATAPOWER SA 1308 SL 1297 TGT 1320/1336
12.43PM:INTRADAY:BUY BHARTIARTL SA 396 SL 394 TGT 399/403
12.56PM:INTRADAY:BUY TATAPOWER SA 1308 SL 1297 TGT 1320/1336
Indian markets to gear up for long term rally, Short term bias bearish
We advice traders to remain cautious but investors should start picking stocks now as the bearish clouds will definitely pass on.
Free Calls Today : 08.07.2011
* 09.25Am : Short Axisbank Fut Sb 1327.20 SL 1343 Target 1319/1310
* 09.45Pm : Short Nifty Fut Sb 5717 SL 5766 Target 5688/5640/5565
* 09.45Pm : Short Nifty Fut Sb 5717 SL 5766 Target 5688/5640/5565
Bulls ride high on FII buying
Bulls ride high on FII buying
SKS Micro hits 20 pct circuit, Realty shines again
Dalal Street witnessed a stunning upmove as FII buying propped up the indices, giving a jolt to majority of the analysts who are predicting another round of correction to 5200 levels.
Gainers Today
SKS Microfinance Ltd., Selan Exploration Technology Ltd., Delta Corp Ltd, Tata Teleservices (Maharashtra) Ltd., DB Realty Ltd.,Godrej Industries Ltd., Anant Raj Inds. Ltd. are among major gainers today.
Markets : 5700 taken out in style
Nifty has taken out 5700 in style, sending investors into a euphoric mood. We expect retail investors to jump into the markets in the coming days as macro economic headwinds slowly but surely die down. As expected Realty is the first sector to bounce back and expect a bigger upmove in the coming days. DLF, Unitech, Orbit Corp, Anantraj are among the stocks that are drawing first blood.
SKS Micro hits 20 pct circuit, Realty shines again
Dalal Street witnessed a stunning upmove as FII buying propped up the indices, giving a jolt to majority of the analysts who are predicting another round of correction to 5200 levels.
Gainers Today
SKS Microfinance Ltd., Selan Exploration Technology Ltd., Delta Corp Ltd, Tata Teleservices (Maharashtra) Ltd., DB Realty Ltd.,Godrej Industries Ltd., Anant Raj Inds. Ltd. are among major gainers today.
Markets : 5700 taken out in style
Nifty has taken out 5700 in style, sending investors into a euphoric mood. We expect retail investors to jump into the markets in the coming days as macro economic headwinds slowly but surely die down. As expected Realty is the first sector to bounce back and expect a bigger upmove in the coming days. DLF, Unitech, Orbit Corp, Anantraj are among the stocks that are drawing first blood.
Pre Market Report 15 Mar 2011
Dark clouds on Dalal
Tokyo extends the slide, down 12 pct in two days
Dalal Street is likely to gap down after a major rally that took traders by surprise on Monday as Japan's Nikkei is trading down nearly 6 pct on the second consecutive day.
Asian stocks suffered for the second day this week as the fallout from Japan’s strongest earthquake last week clouded the economic outlook and intensified concern that corporate earnings will suffer. The Bank of Japan on Tuesday offered to pump 5 trillion yen ($61 billion) into the banking system, continuing its huge fund injection aimed at easing market jitters amid escalating damage from the earthquake.
News Bytes
* Vishal Retail sells retail & wholesale biz for Rs 70 cr
* Educomp bags Rs 67.93 cr order from Maha govt
* PFC to raise Rs 5,300 cr from infra bonds
* Hotel Leela to sell stake, raise Rs. 600 cr
* Nippon to buy 26% stake in Reliance Life
* Rio Tinto claims support for Riversdale bid, but Tata Steel mum
* NDTV set to revive alliance with STAR
* Suzlon promoters sell shares worth Rs 178 cr
* Wockhardt stock drops as court allows lenders’ plea
* Videocon promoters up stake in firm to over 21%
* SAIL, Japan’s Kobe in talks for steel plan
Markets - Look great after initial jitters
While the reception area looks bad the interiors of the floor will have a different look. This is what traders and investors will experience today. After a gap down, watch the upmove later in the day.
Tokyo extends the slide, down 12 pct in two days
Dalal Street is likely to gap down after a major rally that took traders by surprise on Monday as Japan's Nikkei is trading down nearly 6 pct on the second consecutive day.
Asian stocks suffered for the second day this week as the fallout from Japan’s strongest earthquake last week clouded the economic outlook and intensified concern that corporate earnings will suffer. The Bank of Japan on Tuesday offered to pump 5 trillion yen ($61 billion) into the banking system, continuing its huge fund injection aimed at easing market jitters amid escalating damage from the earthquake.
News Bytes
* Vishal Retail sells retail & wholesale biz for Rs 70 cr
* Educomp bags Rs 67.93 cr order from Maha govt
* PFC to raise Rs 5,300 cr from infra bonds
* Hotel Leela to sell stake, raise Rs. 600 cr
* Nippon to buy 26% stake in Reliance Life
* Rio Tinto claims support for Riversdale bid, but Tata Steel mum
* NDTV set to revive alliance with STAR
* Suzlon promoters sell shares worth Rs 178 cr
* Wockhardt stock drops as court allows lenders’ plea
* Videocon promoters up stake in firm to over 21%
* SAIL, Japan’s Kobe in talks for steel plan
Markets - Look great after initial jitters
While the reception area looks bad the interiors of the floor will have a different look. This is what traders and investors will experience today. After a gap down, watch the upmove later in the day.
Pre Market Report 10 Mar 2011
Asian Markets hit speed
Dalal Street likely to extend consolidation, Stock specific activity to continue
Indian equities are likely to open in the red on thursday morning as Asian Markets hit the roadblock, sliding around one percent each. Wall Street closed flat on Wednesday on weak crude oil prices.
News Bytes
* 3 PE funds to invest Rs 1,440 cr in GMR Airport
* Domestic vehicle sales hit all-time high in February
* Essel Propack to shut 2 plants in US and Egypt
* Hanung Toys buys controlling stake in Cody Direct Corp
* PFC to set up subsidiary for renewable energy sector
* Tata Steel plans to expand German auto unit
* RIL's D6 gas output to rise 30% in 2011-12, says DGH
* Ashok Leyland expands network in Punjab, HP
* January industrial production seen rebounding to 2.7%, up 110 bps in December
* Hero pledges shares, raises Rs. 900 cr.
* RCom says China loan to help lower interest cost
* BofA-ML cuts India’s FY12 growth target to 8.2%
* Camlin Fine Chemicals buys Italy’s Borregaard
Markets - Consolidation is the name of the game
After series of volatile sessions, Indian markets are going through a consolidation phase. While global conditions are still jittery, Libyan crisis has overextended and we are finally at a stage where Markets might not want to care about the crisis any longer. Dow Futures are down 65 points and this might impact Indian markets during the open.
Stock specific activity is likely to continue as we belive investors are slowly returning to the Street.
Dalal Street likely to extend consolidation, Stock specific activity to continue
Indian equities are likely to open in the red on thursday morning as Asian Markets hit the roadblock, sliding around one percent each. Wall Street closed flat on Wednesday on weak crude oil prices.
News Bytes
* 3 PE funds to invest Rs 1,440 cr in GMR Airport
* Domestic vehicle sales hit all-time high in February
* Essel Propack to shut 2 plants in US and Egypt
* Hanung Toys buys controlling stake in Cody Direct Corp
* PFC to set up subsidiary for renewable energy sector
* Tata Steel plans to expand German auto unit
* RIL's D6 gas output to rise 30% in 2011-12, says DGH
* Ashok Leyland expands network in Punjab, HP
* January industrial production seen rebounding to 2.7%, up 110 bps in December
* Hero pledges shares, raises Rs. 900 cr.
* RCom says China loan to help lower interest cost
* BofA-ML cuts India’s FY12 growth target to 8.2%
* Camlin Fine Chemicals buys Italy’s Borregaard
Markets - Consolidation is the name of the game
After series of volatile sessions, Indian markets are going through a consolidation phase. While global conditions are still jittery, Libyan crisis has overextended and we are finally at a stage where Markets might not want to care about the crisis any longer. Dow Futures are down 65 points and this might impact Indian markets during the open.
Stock specific activity is likely to continue as we belive investors are slowly returning to the Street.
Today Economic News : 09.03.2011
Indian shares will underperform emerging mkt peers: Nomura Cox & Kings to buy European company for Rs 1400 cr Google, Infosys fight 'daughterly guilt' to lure Indian women Audi may scale back India operations on Budget proposal I-T may slap huge tax bills on Hero, Honda Google's Cloud Connect to save MS Office work automatically Indian students in US keen to return home: Survey Rupee may be uncertain for a while on geopolitical tensions
Pre Market Report 09 Mar 2011
Street cheers as Crude backs off
Stock specific activity to pick up steam as Indices consolidate
Crude Oil eased from 29-month highs amid reports that more countries will step in to boost production and that Gadhafi may consider stepping down. Wall Street closed higher after couple of weak sessions.
News Bytes
* BoI raises FD rates by up to 75 basis points
* Jyothy Fabricare eyes acquisitions in Mumbai, Delhi
* LIC drops plan to issue infra bonds worth Rs 5,000 crore
* Lovable Lingerie IPO subscribed 4% on Day 1
* More acquisitions, Rs 5,000-cr turnover in 2011-12: Dabur
* Mahindra Group ties up with Cisco
* Magma Fincorp to securitise 45% of 2010-11 loans
* Planning Commission panel for slashing pharma FDI
* Steaming prices lift Tata Coffee scrip 20%
Markets - Consolidation is the order of the day
Nifty is likely to open flat after couple of days of volatile trade and might trade in a range. Stock specific moves are expected today and it is heartening to see few stocks coming out of the groove yesterday. This clearly indicates positives for the investment community going ahead. We advice our subscribers and investors to stay active this month as it offers excellent oppurtunity for making some money. We are confident of a bullish March despite of higher crude oil.
Stock specific activity to pick up steam as Indices consolidate
Crude Oil eased from 29-month highs amid reports that more countries will step in to boost production and that Gadhafi may consider stepping down. Wall Street closed higher after couple of weak sessions.
News Bytes
* BoI raises FD rates by up to 75 basis points
* Jyothy Fabricare eyes acquisitions in Mumbai, Delhi
* LIC drops plan to issue infra bonds worth Rs 5,000 crore
* Lovable Lingerie IPO subscribed 4% on Day 1
* More acquisitions, Rs 5,000-cr turnover in 2011-12: Dabur
* Mahindra Group ties up with Cisco
* Magma Fincorp to securitise 45% of 2010-11 loans
* Planning Commission panel for slashing pharma FDI
* Steaming prices lift Tata Coffee scrip 20%
Markets - Consolidation is the order of the day
Nifty is likely to open flat after couple of days of volatile trade and might trade in a range. Stock specific moves are expected today and it is heartening to see few stocks coming out of the groove yesterday. This clearly indicates positives for the investment community going ahead. We advice our subscribers and investors to stay active this month as it offers excellent oppurtunity for making some money. We are confident of a bullish March despite of higher crude oil.
Commodity Flash News
* Silver price to hit $80: Louise Yamada
* China’s first gold fund to invest $500 million in ETFs abroad
* Malaysia crude palm oil futures evolving as a global benchmarkYamada, Director and Head of Technical Research for Smith Barney, says King World News in an exclusive interview that silver price is going to “$40, $45, $60, $75 and $80 over months to years.”
Economic News : 08.03.2011
* Oil slips more than $1 on OPEC output discussion
* Morgan Stanley cuts India's FY12 growth estimate
*Mahindra Group signs strategic alliance with Cisco Systems
* Morgan Stanley cuts India's FY12 growth estimate
*
Concurrent Infra bags Rs 3.33 cr order; stock up JSW Steel steel production grows 8%; stock up HOV Services up 8 pc on unit merger plans Market Outlook: Experts on where mkts are headed Jamna Auto to set up manufacturing units; stock up OnMobile Global up on bonus issue BNP starts MOIL with 'reduce' BNP Paribas raises ratings on real estate developers UTV to sell stake in Indiagames; stock up Middle east unrest works to shipping cos' benefit
Pre Market Report - 08 march 2011
Libya Overhang continues, Oil holds above $105
Crude Oil is likely to dent severe blow to Auto stocks on the second consecutive day as Asian stocks recover from Monday's sell-off. Overnight Wall Street closed weak as Gold hits a new high.
News Bytes
* UTV to sell stake in Indiagames for Rs 220 crore
* Andhra Bank says govt to raise stake to 58%
* Govt to infuse Rs 1,740 cr in Oriental Bank
* PTC India Fin Services Rs 450-cr IPO in March
* NTPC may lose five captive coal mines
* Insecticides buys Nocil's brand Monocil
* Hotel Leela to sell 15% stake to raise funds
* Lanco to invest Rs4,000 crore in Griffin mines
* Gold hits record Rs 21,420; silver at 31-yr high
Markets - Nifty might test 5400 again
As per the data Nifty might re-test 5400 levels again. While we continue to be bullish for the month of March, it is ideal for traders to take the case on a day to-day basis as global issues weigh in.
Our team of analysts have outrightly confirmed that this is the market to trade index futures and options and stock specific approach is really tough and might not yeild better results.
It is a volatile market and traders do need expert guidance as lot depends on sentiment too. We were spot on in our Nifty Futures analysis on a daily basis from the past 3-4 trading sessions. When in doubt we stay out as our analysts do the number crunching part of the game.
Crude Oil is likely to dent severe blow to Auto stocks on the second consecutive day as Asian stocks recover from Monday's sell-off. Overnight Wall Street closed weak as Gold hits a new high.
News Bytes
* UTV to sell stake in Indiagames for Rs 220 crore
* Andhra Bank says govt to raise stake to 58%
* Govt to infuse Rs 1,740 cr in Oriental Bank
* PTC India Fin Services Rs 450-cr IPO in March
* NTPC may lose five captive coal mines
* Insecticides buys Nocil's brand Monocil
* Hotel Leela to sell 15% stake to raise funds
* Lanco to invest Rs4,000 crore in Griffin mines
* Gold hits record Rs 21,420; silver at 31-yr high
Markets - Nifty might test 5400 again
As per the data Nifty might re-test 5400 levels again. While we continue to be bullish for the month of March, it is ideal for traders to take the case on a day to-day basis as global issues weigh in.
Our team of analysts have outrightly confirmed that this is the market to trade index futures and options and stock specific approach is really tough and might not yeild better results.
It is a volatile market and traders do need expert guidance as lot depends on sentiment too. We were spot on in our Nifty Futures analysis on a daily basis from the past 3-4 trading sessions. When in doubt we stay out as our analysts do the number crunching part of the game.
Post Market Report
Stocks recover from lows on Libya
Dalal Street recovered from the lows of the day on media reports that Gadaffi was willing to leave Libya provided his safety is guaranteed. Auto stocks were battered severely as crude oil continues to sustain above $106 levels.
Markets - Down but not out
We believe markets are likely spike higher after the present day hiccups of higher crude oil. We expect March to bring back smiles back to investor community. But one should be wary of global implications derived out of Libya crisis. We were spot on from the last few days when it comes to predicting market movement and our Futures recommendations have outperformed the markets. Subscribe to get access to Nifty number crunching.
Dalal Street recovered from the lows of the day on media reports that Gadaffi was willing to leave Libya provided his safety is guaranteed. Auto stocks were battered severely as crude oil continues to sustain above $106 levels.
Markets - Down but not out
We believe markets are likely spike higher after the present day hiccups of higher crude oil. We expect March to bring back smiles back to investor community. But one should be wary of global implications derived out of Libya crisis. We were spot on from the last few days when it comes to predicting market movement and our Futures recommendations have outperformed the markets. Subscribe to get access to Nifty number crunching.
Free Indian Equity/Commodity/Currency Stock tips: 3.Mar.2011
09.35 Am : Short ICICIBANK SB 1008.0 SL 1023.3 Target 999 / 983 / 959
09.35 Am : Short TATASTEEL SB 626.6 SL 633.9 Target 622 / 615 / 60309.35 Am : Short Jindalstel SB 667.0 SL 671.4 Target 664 / 660 / 653
09.40 Am : Short Nifty Fut SB 5513.0 SL 5541.0 Target 5496 / 5468 / 5423
09.40 Am : Buy Kotakbank SA 423.0 SL 413.0 Target 429 / 439 / 455
09.40 Am : Short Tatamotors SB 1125.0 SL 1140.0 Target 1116 / 1101 / 1077
09.50 Am : Buy M_M SA 668.0 SL 658.0 Target 674 / 684 / 700
12.15 Pm : Buy EUR/INR SA 62.6875 SL 62.4883 Target 62.8090 / 63.0082 / 63.3309
12.30 Pm : Buy Tatamotors Fut SA 1149.8 SL 1145.9 Target 1152 / 1156 / 1162
12.45 Pm : Positional Buy Nifty Fut SA 5563.8 SL 5502.0 Target 5601 / 5663 / 5763
01.00 Pm : Buy Nickel Mar SA 1298.6 SL 1289.2 Target 1304 / 1314 / 1329
01.40 Pm : Buy Tatamotors SA 1155.0 SL 1145.0 Target 1161 / 1171 / 1187
02.05 Pm : Short Bankindia SB 455.2 SL 459.6 Target 452 / 448 / 441
02.10 Pm : Short M_M SB 668.0 SL 674.9 Target 663.8 / 656.9 / 645.7
Free Indian Equity/Commodity/Currency Stock Tips: Mar.1.2011
* 09.20 Am : Buy Tatasteel SA 613.0 SL 604.5 Target 618.2 / 626.7 / 640.5
* 09.40.AM : Buy DLF SA 215.9 SL 212.0 Target 218.2 / 222.0 / 228.3
* 09.40 AM : Buy Tatamotors SA 1115.0 SL 1086.0 Target 1132.7 / 1161.7 / 1208.7
* 09.40 AM : Buy Tatamotors Fut SA 1111.4 SL 1079.0 Target 1131.1 / 1163.4 / 1215.8
* 09.40 AM : Buy Nifty Fut SA 5420.0 SL 5349.0 Target 5463.3 / 5534.3 / 5649.3
* 09.50 AM : Short Bhartiartl SB 329.3 SL 331.8 Target 327.8 / 325.4 / 321.4
* 10.50 AM : Buy ICICIBANK SA 996.8 SL 986.8 Target 1002.9 / 1012.9 / 1029.1
* 11.00 Am : Short Gold Apr SB 20907.0 SL 20950.0 Target 20880.8 / 20837.8 / 20768.1
* 09.40.AM : Buy DLF SA 215.9 SL 212.0 Target 218.2 / 222.0 / 228.3
* 09.40 AM : Buy Tatamotors SA 1115.0 SL 1086.0 Target 1132.7 / 1161.7 / 1208.7
* 09.40 AM : Buy Tatamotors Fut SA 1111.4 SL 1079.0 Target 1131.1 / 1163.4 / 1215.8
* 09.40 AM : Buy Nifty Fut SA 5420.0 SL 5349.0 Target 5463.3 / 5534.3 / 5649.3
* 09.50 AM : Short Bhartiartl SB 329.3 SL 331.8 Target 327.8 / 325.4 / 321.4
* 10.50 AM : Buy ICICIBANK SA 996.8 SL 986.8 Target 1002.9 / 1012.9 / 1029.1
* 11.00 Am : Short Gold Apr SB 20907.0 SL 20950.0 Target 20880.8 / 20837.8 / 20768.1
Free Commodity calls : 28.02.2011
04.00 Pm : Short Gold (Apr) SB 20915.0 SL 21057.0 Target 20828.4 / 20686.4 / 20456.3
04.00 Pm : Buy Nickel SA 1294.0 SL 1283.0 Target 1300.7 / 1311.7 / 1329.5
04.30 Pm : Short Silver SB 50689.0 SL 51147.0 Target 50409.6 / 49951.6 / 49209.7
04.30 Pm : Short Copper Apr SB 448.5 SL 450.7 Target 447.1 / 444.8 / 441.2
04.00 Pm : Buy Nickel SA 1294.0 SL 1283.0 Target 1300.7 / 1311.7 / 1329.5
04.30 Pm : Short Silver SB 50689.0 SL 51147.0 Target 50409.6 / 49951.6 / 49209.7
04.30 Pm : Short Copper Apr SB 448.5 SL 450.7 Target 447.1 / 444.8 / 441.2
Positives & Negatives in the BUDGET 2011
Positives
* Excise duty to be reduced from 10% to 5% on parts of specified machinery
* Surcharge for companies cut to 5 per cent, from 7.5 per cent
* Citizens over 80 years to have exemption limit of Rs 5 lakh
* Special incentives for hybrid vehicle makers if manufacturing done in India to be positive for auto companies
* Crude palm used in sports exempted from customs duty to be positive for palm oil companies
* Duty reduced on hybrid & electric cars along with batteries imported for such vehicles
* Senior Citizen Age Limit reduced from 65 years to 60 years for Income Tax purposes
* The green orientation of the budget is a welcome positive
* Basic customs duty on agricultural machinery reduced to 4.5 per cent from 5 per cent
* Direct investment in Indian Mutual Funds by any foreigner is a big move
* MFs allowed to raise money from foreign investors is pathbreaking
* Budget is positive for equity markets
* Lower fiscal deficit target is commendable
* No import duty on ship parts positive for SCI
* Tax exemption limit for senior citizens raised to Rs 2.5 lakh from 2.4 lakh
* Basic food and fuel and precious stones, gold and silver jewellery to be exempted from central excise duty
* Nominal 1 per cent central excise duty on 130 items entering the tax net
* LED to cost less
* Government has cut many import duties to check inflation
* No further rollback of 2008 stimulus
NEGATIVES
* AC restaurants serving liquor to come under service tax net
* Health Check-Ups in Private hospitals to become expensive
* EXPENSIVE: International Air Travel
* EXPENSIVE: Domestic Air Travel
* Tax on life insurance service providers could be negative for insurance companies
* Travel, Healthcare to become expensive due to increased service tax
* Lack of FDI in retail was a disappointment
* New service tax to hurt companies in hospitality
* Hike in export duty on Iron Ore is a negative
* Air travel to cost more
* Branded clothes may cost more
* Rise in MAT to hurt RIL, GVK Power, telcos
* FY 11 fiscal deficit above estimates, negative
* Divestment but no privatisation is timid
* Doubled anganwaadi wages with a check on absenteeism not good
* Excise duty to be reduced from 10% to 5% on parts of specified machinery
* Surcharge for companies cut to 5 per cent, from 7.5 per cent
* Citizens over 80 years to have exemption limit of Rs 5 lakh
* Special incentives for hybrid vehicle makers if manufacturing done in India to be positive for auto companies
* Crude palm used in sports exempted from customs duty to be positive for palm oil companies
* Duty reduced on hybrid & electric cars along with batteries imported for such vehicles
* Senior Citizen Age Limit reduced from 65 years to 60 years for Income Tax purposes
* The green orientation of the budget is a welcome positive
* Basic customs duty on agricultural machinery reduced to 4.5 per cent from 5 per cent
* Direct investment in Indian Mutual Funds by any foreigner is a big move
* MFs allowed to raise money from foreign investors is pathbreaking
* Budget is positive for equity markets
* Lower fiscal deficit target is commendable
* No import duty on ship parts positive for SCI
* Tax exemption limit for senior citizens raised to Rs 2.5 lakh from 2.4 lakh
* Basic food and fuel and precious stones, gold and silver jewellery to be exempted from central excise duty
* Nominal 1 per cent central excise duty on 130 items entering the tax net
* LED to cost less
* Government has cut many import duties to check inflation
* No further rollback of 2008 stimulus
NEGATIVES
* AC restaurants serving liquor to come under service tax net
* Health Check-Ups in Private hospitals to become expensive
* EXPENSIVE: International Air Travel
* EXPENSIVE: Domestic Air Travel
* Tax on life insurance service providers could be negative for insurance companies
* Travel, Healthcare to become expensive due to increased service tax
* Lack of FDI in retail was a disappointment
* New service tax to hurt companies in hospitality
* Hike in export duty on Iron Ore is a negative
* Air travel to cost more
* Branded clothes may cost more
* Rise in MAT to hurt RIL, GVK Power, telcos
* FY 11 fiscal deficit above estimates, negative
* Divestment but no privatisation is timid
* Doubled anganwaadi wages with a check on absenteeism not good
HIGHLIGHTS OF INDIA UNION BUDGET - 2011
HIGHLIGHTS OF INDIA UNION BUDGET - 2011
• Personal Income Tax exemption limit hiked from Rs 1,60,000 to Rs 180,000.
• For senior citizens, tax exemption limit increased to Rs 2,50,000.
• For senior citizens above 80, the tax exemption limit has been raised to Rs 500,000.
• Eligibility age for senior citizens is now 60 years against 65 years earlier
• Exemption limit for women remains the same at Rs 2,40,000.
• Services sector continues to grow in double digits.
• Black money: Task force will be formed to deal with black money.
• Govt will start campaign against illicit funds.
• GoM has been formed to tackle corruption
• Money laundering cases to be dealt effectively
• Gross domestic product rose by 8.2 per cent for the December, 2010, quarter as against 7.3 per cent in the corresponding period of the previous year.
• Taxes, tariff procedures will be simplified
• To reconcile environment concerns, growth needs, Budget will set the tone for a vibrant Indian economy.
• Food inflation at 20.2 per cent in February
• Development of external sector has been encouraging
• Cutting bureaucratic delays, improving response times is a priority
• Direct Taxes Code will moderate rates and ensure better compliance.
• Current account deficit poses a concern.
• 13th Finance Commission has worked out fiscal consolidation roadmap.
• Agriculture growth at 5.4 per cent, industry at 8.1 per cent in 2010-11.
• Expect the average inflation to be down next year
• The high gap between wholesale and retail prices is unacceptable.
• Work is underway for states' goods and services tax
• Pilot portal to be set up before the roll out of GST in the country
• Significant progress on the GST network has been made.
• Government's principle concern is high food prices; food prices were high for cereals, there was a spurt in prices of onions and milk
• In current year, overall economic growth is expected at 8.6 per cent, agriculture growth at 5.4 per cent, Industry at 8.1 per cent and services 9.3 per cent
• The economy has shown remarkable resilience
• To introduce Public Debt Management Bill in 2012.
• States to cut down fiscal deficit to 3 percent of Gross State GDP by 2014.
• Goods and services tax rounds with states making considerable progress.
• Availability of fertilizers has improved post new policy.
• Working on ensuring better delivery for urea, kerosene.
• Nutrient based fertilizer policy for urea under consideration.
• FIIs allowed investing in MF schemes.
• FII limit in corporate bonds has been raised by $20 billion.
• FY12 Divestment target at Rs 40,000 crores (Rs 400 billion).
• FDI regulations consolidated into one comprehensive document.
• States to cut down fiscal deficit to 3 per cent of Gross State GDP by 2014.
• Cash subsidy for urea, kerosene.
• Mulling nutrient based subsidy policy for urea.
• LPG, kerosene and fertilizers will be transferred directly to BPL beneficiaries.
• New companies bill to be introduced in this session.
• Earmarked Rs 2,000 crore (Rs 20 billion) each for warehousing and manufacturing.
• More banking licenses to be given.
• To allocate Rs 6,000 crore (Rs 60 billion) for some PSU banks to help them maintain Tier-I capital at 8 per cent.
• To prevent fraud in loan cases: The govt has set up Central electronic Registry.
• Rural housing fund increased by Rs 1,000 crore (Rs 10 billion) to Rs 3,000 crore (Rs 30 billion).
• Rs 3,000 crore (Rs 30 billion) earmarked to National Bank for Agricultural and Rural Development for Handloom weavers.
• Cap infusion of Rs 20,157 crore (Rs 201.57 billion) in PSU Banks.
• Self-help group fund to empower women.
• Task force working on oil subsidy plans.
• Rs 600 crore (6 billion) to public sector banks to maintain mandatory cash reserve ratio.
• Liberalisation of FDI policy.
• Govt committed to retain 51 per cent holding in PSUs.
• Portfolio investment would be permitted in Sebi registered mutual funds from foreign subscriptions
• Liberalisation of foreign direct investment policy.
• Govt committed to retaining 51 per cent holding in PSUs.
• The domestic prod of edible oil only meet 50 per cent demand.
• Interest subvention of 1per cent extended from Rs 5 lakh crore (Rs 5 trillion) to Rs 20 lakh crore (Rs 20 trillion).
• 1 per cent interest subvention on home loans up to Rs 15 lakhs (Rs 1.5 million).
• Removal of bottlenecks in the transportation of essential food items.
• New companies bill to be introduced in this session.
• Earmarks Rs 2,000 crore (Rs 20 billion) each for warehousing and manufacturing.
• More banking licenses to be given.
• To allocate Rs 6,000 crore (Rs 60 billion) for some PSU banks to help them maintain Tier-I capital at 8 Per cent.
• To prevent fraud in loan cases: govt has set up Central Electronic Registry.
• Rural housing fund increased by Rs 1,000 crore (Rs 10 billion) to Rs 3,000 crore (Rs 30 billion).
• Rs 3,000 crore earmarked to NABARD for handloom weavers.
• New companies bill to be introduced.
• Rs 100 crore (Rs 1 billion) equity fund for MFIs.
• To provide Rs 300 crore (Rs 3 billion) to improve production of pulses.
• Agricultural credit limit raised to Rs 475,000 crore (Rs 4,750 billion).
• To provide Rs 300 crore to improve production of pulses.
• Allocation for farm development increased to Rs 7,860 crore (Rs 78.6 billion).
• Rs 300 crore for the allocation of fodder.
• Subvention of 3per cent on farmers paying loans before time.
• Allocation for farm development increased to Rs 7,860 crore (Rs 78.6 billion)
• Short term interest to farmers will continue to be at 7 per cent.
• New companies bill to be introduced.
• Rs 100 crore (Rs 1 billion) equity fund for MFIs.
• Financial sector reforms to move forward; Insurance amendment bill, LIC bill and Pension Development authority Bill to be presented in the current session
• Boost to infra development: Tax free bonds of Rs 30,000 crore (Rs 300 billion) to be introduced.
• Allocation for farm development rose to Rs 7,860 crore (Rs 78.6 billion).
• Storage capacity has been fast racked.
• 15 mega food parks to be set up.
• Personal Income Tax exemption limit hiked from Rs 1,60,000 to Rs 180,000.
• For senior citizens, tax exemption limit increased to Rs 2,50,000.
• For senior citizens above 80, the tax exemption limit has been raised to Rs 500,000.
• Eligibility age for senior citizens is now 60 years against 65 years earlier
• Exemption limit for women remains the same at Rs 2,40,000.
• Services sector continues to grow in double digits.
• Black money: Task force will be formed to deal with black money.
• Govt will start campaign against illicit funds.
• GoM has been formed to tackle corruption
• Money laundering cases to be dealt effectively
• Gross domestic product rose by 8.2 per cent for the December, 2010, quarter as against 7.3 per cent in the corresponding period of the previous year.
• Taxes, tariff procedures will be simplified
• To reconcile environment concerns, growth needs, Budget will set the tone for a vibrant Indian economy.
• Food inflation at 20.2 per cent in February
• Development of external sector has been encouraging
• Cutting bureaucratic delays, improving response times is a priority
• Direct Taxes Code will moderate rates and ensure better compliance.
• Current account deficit poses a concern.
• 13th Finance Commission has worked out fiscal consolidation roadmap.
• Agriculture growth at 5.4 per cent, industry at 8.1 per cent in 2010-11.
• Expect the average inflation to be down next year
• The high gap between wholesale and retail prices is unacceptable.
• Work is underway for states' goods and services tax
• Pilot portal to be set up before the roll out of GST in the country
• Significant progress on the GST network has been made.
• Government's principle concern is high food prices; food prices were high for cereals, there was a spurt in prices of onions and milk
• In current year, overall economic growth is expected at 8.6 per cent, agriculture growth at 5.4 per cent, Industry at 8.1 per cent and services 9.3 per cent
• The economy has shown remarkable resilience
• To introduce Public Debt Management Bill in 2012.
• States to cut down fiscal deficit to 3 percent of Gross State GDP by 2014.
• Goods and services tax rounds with states making considerable progress.
• Availability of fertilizers has improved post new policy.
• Working on ensuring better delivery for urea, kerosene.
• Nutrient based fertilizer policy for urea under consideration.
• FIIs allowed investing in MF schemes.
• FII limit in corporate bonds has been raised by $20 billion.
• FY12 Divestment target at Rs 40,000 crores (Rs 400 billion).
• FDI regulations consolidated into one comprehensive document.
• States to cut down fiscal deficit to 3 per cent of Gross State GDP by 2014.
• Cash subsidy for urea, kerosene.
• Mulling nutrient based subsidy policy for urea.
• LPG, kerosene and fertilizers will be transferred directly to BPL beneficiaries.
• New companies bill to be introduced in this session.
• Earmarked Rs 2,000 crore (Rs 20 billion) each for warehousing and manufacturing.
• More banking licenses to be given.
• To allocate Rs 6,000 crore (Rs 60 billion) for some PSU banks to help them maintain Tier-I capital at 8 per cent.
• To prevent fraud in loan cases: The govt has set up Central electronic Registry.
• Rural housing fund increased by Rs 1,000 crore (Rs 10 billion) to Rs 3,000 crore (Rs 30 billion).
• Rs 3,000 crore (Rs 30 billion) earmarked to National Bank for Agricultural and Rural Development for Handloom weavers.
• Cap infusion of Rs 20,157 crore (Rs 201.57 billion) in PSU Banks.
• Self-help group fund to empower women.
• Task force working on oil subsidy plans.
• Rs 600 crore (6 billion) to public sector banks to maintain mandatory cash reserve ratio.
• Liberalisation of FDI policy.
• Govt committed to retain 51 per cent holding in PSUs.
• Portfolio investment would be permitted in Sebi registered mutual funds from foreign subscriptions
• Liberalisation of foreign direct investment policy.
• Govt committed to retaining 51 per cent holding in PSUs.
• The domestic prod of edible oil only meet 50 per cent demand.
• Interest subvention of 1per cent extended from Rs 5 lakh crore (Rs 5 trillion) to Rs 20 lakh crore (Rs 20 trillion).
• 1 per cent interest subvention on home loans up to Rs 15 lakhs (Rs 1.5 million).
• Removal of bottlenecks in the transportation of essential food items.
• New companies bill to be introduced in this session.
• Earmarks Rs 2,000 crore (Rs 20 billion) each for warehousing and manufacturing.
• More banking licenses to be given.
• To allocate Rs 6,000 crore (Rs 60 billion) for some PSU banks to help them maintain Tier-I capital at 8 Per cent.
• To prevent fraud in loan cases: govt has set up Central Electronic Registry.
• Rural housing fund increased by Rs 1,000 crore (Rs 10 billion) to Rs 3,000 crore (Rs 30 billion).
• Rs 3,000 crore earmarked to NABARD for handloom weavers.
• New companies bill to be introduced.
• Rs 100 crore (Rs 1 billion) equity fund for MFIs.
• To provide Rs 300 crore (Rs 3 billion) to improve production of pulses.
• Agricultural credit limit raised to Rs 475,000 crore (Rs 4,750 billion).
• To provide Rs 300 crore to improve production of pulses.
• Allocation for farm development increased to Rs 7,860 crore (Rs 78.6 billion).
• Rs 300 crore for the allocation of fodder.
• Subvention of 3per cent on farmers paying loans before time.
• Allocation for farm development increased to Rs 7,860 crore (Rs 78.6 billion)
• Short term interest to farmers will continue to be at 7 per cent.
• New companies bill to be introduced.
• Rs 100 crore (Rs 1 billion) equity fund for MFIs.
• Financial sector reforms to move forward; Insurance amendment bill, LIC bill and Pension Development authority Bill to be presented in the current session
• Boost to infra development: Tax free bonds of Rs 30,000 crore (Rs 300 billion) to be introduced.
• Allocation for farm development rose to Rs 7,860 crore (Rs 78.6 billion).
• Storage capacity has been fast racked.
• 15 mega food parks to be set up.
Free Indian Equity/Commodity/Currency Stock Tips: 28.Feb.2010
* 09.25 Am : Buy DLF SA 215.2 SL 211.0 Target 217.8 / 222.0 / 228.8 (TA)
* 09.30 Am : Short M_M SB 591.2 SL 602.3 Target 581.1 / 573.2 / 555.1 (RP)
* 09.46 Am : Short Sesagoa SB 277.6 SL 284.0 Target 273.7 / 267.3 / 256.9 (NOE)
* 09.47 Am : Short Hindalco SB 196.4 SL 200.9 Target 193.7 / 189.2 / 181.9 (SLT)
* 09.54 Am : Short Tatamotors Fut SB 1070.4 SL 1096 Target 1054.8 / 1029.2 / 987.7 (RP)
* 09.58 Am : Short Gail SB 435.0 SL 439.0 Target 432.6 / 428.6 / 422.1 (TA)
* 10.25 Am : Short Tatasteel Fut SB 606.8 SL 611.0 Target 604.2 / 600.0 / 593.2 (TA)
* 10.48 Am : Short Jindalstel SB 650.8 SL 657.0 Target 645.2 / 640.8 / 630.8 (SLT)
* 11.20 Am : Buy Nifty Fut SA 5380 SL 5355 Target 5395/5420/5460
* 12.37 Pm : Short Aluminium SB 115.6 SL 116.2 Target 115.1 / 114.7 / 113.8
* 01.25 Pm : Buy Tatasteel SA 610.0 SL 606.2 Target 613.8 / 616.1 / 622.3
* 02.20 Pm : Short Relcapital SB 478.3 SL 486.0 Target 470.7 / 465.9 / 453.4
* 02.25 Pm : Short Tatamotors Fut SB 1086.0 SL 1111.0 Target 1070 / 1045 / 1005
* 09.30 Am : Short M_M SB 591.2 SL 602.3 Target 581.1 / 573.2 / 555.1 (RP)
* 09.46 Am : Short Sesagoa SB 277.6 SL 284.0 Target 273.7 / 267.3 / 256.9 (NOE)
* 09.47 Am : Short Hindalco SB 196.4 SL 200.9 Target 193.7 / 189.2 / 181.9 (SLT)
* 09.54 Am : Short Tatamotors Fut SB 1070.4 SL 1096 Target 1054.8 / 1029.2 / 987.7 (RP)
* 09.58 Am : Short Gail SB 435.0 SL 439.0 Target 432.6 / 428.6 / 422.1 (TA)
* 10.25 Am : Short Tatasteel Fut SB 606.8 SL 611.0 Target 604.2 / 600.0 / 593.2 (TA)
* 10.48 Am : Short Jindalstel SB 650.8 SL 657.0 Target 645.2 / 640.8 / 630.8 (SLT)
* 11.20 Am : Buy Nifty Fut SA 5380 SL 5355 Target 5395/5420/5460
* 12.37 Pm : Short Aluminium SB 115.6 SL 116.2 Target 115.1 / 114.7 / 113.8
* 01.25 Pm : Buy Tatasteel SA 610.0 SL 606.2 Target 613.8 / 616.1 / 622.3
* 02.20 Pm : Short Relcapital SB 478.3 SL 486.0 Target 470.7 / 465.9 / 453.4
* 02.25 Pm : Short Tatamotors Fut SB 1086.0 SL 1111.0 Target 1070 / 1045 / 1005
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