Need Tally
for Clients?

Contact Us! Here

  Tally Auditor

License (Renewal)
  Tally Gold

License Renewal

  Tally Silver

License Renewal
  Tally Silver

New Licence
  Tally Gold

New Licence
 
Open DEMAT Account with in 24 Hrs and start investing now!
« Budget Extravaganza »
Open DEMAT Account in 24 hrs
 All outstanding personal tax demand notices up to Rs 25,000 withdrawn till FY 2014-15 in Budget 2024
 Budget 2024: Why there is an urgent need to hike Section 80C deduction ceiling for income tax benefits
 Budget 2024: Long term capital gains tax and the holding period for different assets explained
 No increase likely in income tax rebate in interim budget: FinMin official
 Income tax expectations for Budget 2024: Focus on medical insurance and capital gains tax
 Whole world looking at India s budget with hope
 Pre-budget expectations for salaried individuals on tax relief Budget 2023
 Centre expected to introduce new income tax slabs in Budget 2023: Report
 Budget 2023: Pre-budget expectations for salaried individuals on tax relief
  Will non-extension of tax benefits for affordable housing impact sales Budget 2022
 Budget 2022 allows 2 more years to file ITR; Know the whopping cost of delay in filing

Markets extend post-Budget
March, 02nd 2010

The markets have extended their Fiday's post-Budget rally. The Sensex is quoting at 16648, higher by 230 points and the Nifty is at 4,989, up 67 points.

The US markets ended in green on Monday. The Dow Jones added 78 points at 10,404 and Nasdaq Composite advanced 1.5% to 2,273. And the Asian markets are flat in morning trades. The Hang Seng has dropped 158 points to 20,899 and the Nikkei is down two points at 10,170.

The auto stocks have build on their momentum post the budget. It may be recollected that the finance minister had increased the excise duties by 2 percentage points, which was in line with the market expectations. The leading gainers on the Sensex are Tata Motors (stronger by 7.3% at Rs 763), M&M (higher by 3.5% at Rs 1043) and ICICI Bank (up 2.8% at Rs 896).

Sterlite, Hindalco and Tata Steel are the other major gainers.

The top losers among the Sensex stocks are Sun Pharma (weaker by 1.4% at Rs 292) and Sun Pharma (down 0.3% at Rs 1535).

The market breadth is strong. Out of 1607 stocks traded on the BSE, there are 1270 advancing stocs as against 302 declines.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2024 CAinINDIA All Right Reserved.
Designed and Developed by Ritz Consulting