Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: articles on VAT and GST in India :: VAT RATES :: list of goods taxed at 4% :: ACCOUNTING STANDARD :: empanelment :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: ARTICLES ON INPUT TAX CREDIT IN VAT :: form 3cd :: due date for vat payment :: TAX RATES - GOODS TAXABLE @ 4% :: VAT Audit :: TDS :: ACCOUNTING STANDARDS :: cpt :: Central Excise rule to resale the machines to a new company
 
 
« Markets »
 Why we must tweak the market-led model
 PE transactions prompt income tax queries over round tripping concerns
 Amended India-Mauritius tax treaty only covers investments in shares
 Government drops cap gains tax on startup shares held for 2 years
 Tax-free bonds regain demand in the secondary market
 Relevant Market’ Under Competition Act, 2002
 Indian markets best in terms of earnings momentum, price revision
 How India will become a common market with GST
 Broader markets outperform; Nifty holds 8,500
 Have Indian markets run ahead of fundamentals?
 Sebi mulls allowing foreign VCs in infra investment firms

Govt's new spending plan stimulates market
December, 09th 2009

The equity markets rose sharply in mid-session on Tuesday after the Government said it planned an additional Rs 25,725 crore in public expenditure during the current fiscal year.

Until 2 p.m., when the Finance Minister announced this in Parliament, the domestic benchmark indices seemed to be headed south, in line with global markets.

But the Government proposal saw the Sensex and the Nifty finally outperforming their global counterparts, with gains of 1.5 per cent.

The Sensex closed 244 points up at 17,227; and the Nifty 81 points up at 5,148.

Funds active

FIIs were net buyers of equity worth Rs 843 crore, according to provisional data released by the stock exchanges.

Liquidity continues to drive the Indian markets. Money will continue to come to India as long as monetary tightening and withdrawal of stimulus package are not happening, Mr Mehraboon J. Irani, Senior Vice-President of Portfolio Management Services, FCH Centrum Wealth Managers, said.

However, domestic investors, both retail and institutional, took advantage and booked profits.

DIIs were net sellers for Rs 504 crore on the exchanges, while on BSE alone retail investors sold for Rs 263 crore in the net.

A Mumbai-based retail investor, who did not wish to be identified, said he booked profits in Bharti Airtel when the telecom blue chip touched an intra-day high of Rs 332.35 on the NSE.

The Bharti stock gained 5 per cent during the day to close at Rs 331.30.

Index heavyweight Reliance Industries gained 2.47 per cent to close at Rs 1,081.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2016 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Our Team

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions