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: cpt :: Central Excise rule to resale the machines to a new company :: articles on VAT and GST in India :: ARTICLES ON INPUT TAX CREDIT IN VAT :: ACCOUNTING STANDARD :: VAT Audit :: empanelment :: VAT RATES :: ACCOUNTING STANDARDS :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: list of goods taxed at 4% :: TDS :: TAX RATES - GOODS TAXABLE @ 4% :: due date for vat payment :: form 3cd
General »
 Banks warn share tax hike threatens Paris' post-Brexit appeal
 PMC may decide on property tax rebate for IT firms this week
 I-T Dept is giving out certificates of appreciation. Have you received yours?
 Government works on ironing out benefits refund mechanism for exportersa
  Tax officials are using an IDS provision to question transactions beyond six-year-limit
 Tax-free bonds rally like midcap funds
 Senior citizens do not have to pay advance tax on salary and interest income
 GST: Audit commissioners to get adjudication powers
 Interest on NRE rupee account can be exempt from tax under FEMA
 Impact of GST on Real Estate Sector
 GST regime: Tax payers allowed to take option of third-party interfaces

Sensex opens with gap-up on positive global cues; Budget 2013 eyed
February, 28th 2013

The Sensex opened with a gap-up, led by gains on the back of positive global cues. The trade may turn volatile as the session progresses as Finance Minister P Chidambaram will present the Union Budget 2013 in the Parliament and as traders will square off positions on settlement day of February series.

"We expect that the positive sentiments are seen ahead of the budget, as the finance minister has promised to keep the fiscal deficit in target range. We expect the budget to focus more on investor-friendly measures to get the dollar flows back to the nation. The announcement on key sectors like infrastructure and pension will be important for the market players," said Abhishek Goenka, Founder & CEO, India Forex Advisors.

"Any positive announcement on tax treaty or expenditure cut would be positive for the rupee. The FII's will also be keeping a keen eye on the announcements made on the budget day, any further easing of rules and regulation for them can again spur the flows in the local markets, which could make the rupee to gain," he added.

At 09:16 am, the 30-share index was at 19,286.43, up 134.02 points or 0.70 per cent. It touched a high of 19,322.28 and a low of 19,264.27 in trade today. The Nifty was at 5,836.45, up 39.55 points or 0.68 per cent. It touched a high of 5,849.90 and a low of 5,833.80 in trade today.

The BSE Midcap Index and the BSE Smallcap Index were up 0.63 per cent each.

All the sectoral indices were in the green. The BSE Capital Goods Index was up 1.25 per cent, the BSE Realty Index was 1.08 per cent higher, the BSE Auto Index moved 0.98 per cent higher and the BSE Oil & Gas Index gained 0.80 per cent.

Tata MotorsBSE 1.50 % (1.54 per cent), Coal IndiaBSE 2.71 % (1.48 per cent), ONGCBSE 1.33 % (1.43 per cent), L&T (1.39 per cent) and Tata PowerBSE 0.41 % (1.08 per cent) were among the top Sensex gainers. There were no market losers.

The market breadth was positive on the BSE with 641 gainers against 181 losers.

The foreign institutional investors bought shares worth Rs 106.36 crore while domestic institutional investors bought equities worth Rs 24.7 crore on Wednesday as per the provisional data from the National Stock Exchange.

Meanwhile, the US stocks continued to move higher as Federal Reserve Chairman Ben Bernanke remained positive on Fed's stimulus plans.

The Asian markets also extended gains on the back of positive cues from the Wall Street. Japan's Nikkei 225 index rallied 1.86 per cent, Hong Kong's Hang Seng was 1.09 per cent higher, South Korea's Kospi was up 0.81 per cent higher and China's Shanghai Composite moved up 0.20 per cent.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2016 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
System Testing Solution Manual Software Testing Solutions Automation Software Testing Solutions System Workflow Testing System Manual Testing

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