Important Market News during the Initial Hour of Budget Delivery

Nifty 1

Budget2015: Government of India is setting up one holding company which will control all public sector banks. A big boost for banks.

Budget2015: Nifty is in the range of 8800-8850. Buy on Dips is suggested.

Budget2015: Service tax has been increased to 14 percent from earlier 12.36 percent overall. Hotel and Service industry have to take higher prices for the customers.

Budget2015: Health premium exemption till 25K from individuals and 3oK for senior citizens.  This will encourage individuals to go for health insurance. Health companies surging up.

Budget2015: Cess tax now will be 0.5 percent and service tax now will be rounded off to 12.5 percent from an earlier 12.36 percent. Leather industry gets a boost from government.

Budget2015: GAAR (General Anti Avoidance Rules) related to tax to corporate has been postponed till 2017 and will be applicable only to companies after 2017. This also suggests that there will be no issue of retrospective tax (tax on old incomes). This will bring in more FDI in various sectors.

Budget2015: Defense allocation has been increased till 2.47 Lac crore. Defense sector companies like Bharat, Kalyani Forge, BEL will be benefited.

Budget2015: Corporate tax went down from 30 percent to 25 percent in steps till next 4 years. All sectors will be benefited hugely from this.

Budget2015: Corporate tax proposed to come down to 25 percent in next 4 years. Goods for industry.

Budget2015: Gold companies can get loans on gold deposits. Gold bonds will be promoted.

Budget2015: MCX soaring high on the FMC and SEBI merger news.

Budget2015: FMC and SEBI have been proposed to be merged and from now on SEBI will regulate the derivative markets.

Budget2015: Proposed tax free infrastructure bonds for railways, roads and ports and other infrastructure. Tax free bonds will help consumers in keeping their savings into these bonds which will also finance these projects.

Budget2015: Budget has been formed keeping rural infrastructure in mind. Steel and Housing companies are likely to get benefited from it.

Budget 2015– Irrigation and Micro finance sector got support from government. Shakti Pump is likely to get benefited from it in the current year.  Agri sector oriented lending is on the priority by the government.

Caution: Keep your important clients away from the market during the initial hour of budget delivery. Operators too will try to tamper (false signal) small scrips.

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