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Live Market Updates: Sensex, Nifty turn flat while FM continues Budget speech

Feb 28, 2015, 11.58 AM IST | Source: Moneycontrol.com

The market has turned flat while the Budget 2015 speech is still on. The Sensex is up 93.46 points or 0.3 percent at 29313.58, and the Nifty up 20.75 points or 0.2 percent at 8865.35. About 1173 shares have advanced, 1195 shares declined, and 179 shares are unchanged.

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Live Market Updates: Sensex, Nifty turn flat while FM continues Budget speech

The market has turned flat while the Budget 2015 speech is still on. The Sensex is up 93.46 points or 0.3 percent at 29313.58, and the Nifty up 20.75 points or 0.2 percent at 8865.35. About 1173 shares have advanced, 1195 shares declined, and 179 shares are unchanged.

11:50

The News International Team

The market has turned flat while the Budget 2015 speech is still on. The Sensex is up 93.46 points or 0.3 percent at 29313.58, and the Nifty up 20.75 points or 0.2 percent at 8865.35. About 1173 shares have advanced, 1195 shares declined, and 179 shares are unchanged.

IT, Auto, Pharma and FMCG indices are in the red. Coal India, Hero, Tata Power, Tata Motors and Hindalco are among laggards in the Sensex. Tata Steel, HDFC, Axis Bank, ONGC and BHEL are top gainers.

Presenting the Budget for 2015, Arun Jaitley has allocated Rs 25,000 crore for rural infrastructure. He has proposed Rs 1.25 lakh crore public investment for FY16.  Investment in infra will go up by Rs 70,000 crore and has proposed tax-free infra bonds for road, railways & infra projects.

The Finance Minister said non-banking finance corporations (NBFC) will be treated at par with banks if they have a size of over Rs 500 crore. He also proposed Rs 20,000 crore for Mudra Bank to boost SMEs. Jaitley proposed to allocate Rs 5,300 crore for micro-irrigation, Rs 25,000 crore for rural infrastructure and Rs 34,699 cr for MNREGA. He also proposed Rs 8.5 lakh crore Farm Credit in FY16

(Posted by Nasrin Sultana)

11:50

Live Market Updates: Nifty below 8900; Coal India, NTPC, Hero laggards

Coal India, Tata Motors, NTPC, Hero, Hindalco are among losers in the Sensex.

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11:32

Live Market Updates: Sensex gives up gains; Govt to increase infra investmentRead More »

Presenting the Budget for 2015, Arun Jaitley has allocated Rs 25,000 crore for rural infrastructure. He has proposed Rs 1.25 lakh crore public investment for FY16. Investment in infra will go up by ‘Rs 70,000 crore and has proposed tax-free infra bonds for road, railways & infra projects.

Read More »

11:30

Live Market Updates: Sensex, Nifty rally; Govt may hike disinvestment targetRead More »

Tata Steel, BHEL, HDFC, ICICI Bank and ONGC are top gainers in the Sensex. Among the losers are Coal India, Tata Power, Tata Motors and Hero.

Read More »

11:17

Live Market Updates: Nifty races towards 8950; FM sees CPI at 5% by year-endRead More »

The Sensex is up 278.55 points or 0.9 percent at 29498.67, and the Nifty up 78.05 points or 0.9 percent at 8922.65. About 1415 shares have advanced, 822 shares declined, and 166 shares are unchanged

Read More »

11:00

Live Market Updates: Sensex up 244 pts, Nifty at 8900; FM starts Budget speechRead More »

Capital markets may see a reduction in securities transaction tax. In a boost to financial savings, the FM may increase the limits for deduction under section 80C of the income tax act.

Read More »

11:00

Live Market Updates: Sensex, Nifty steady; FM promises 6 cr toiletsRead More »

Tata Steel, BHEL, HDFC, L&T and ICICI Bank are top gainers in the Sensex.

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10:48

Live Market Updates: Sensex, Nifty gear up; Union Budget approved by CabinetRead More »

The government is likely to meet the fiscal deficit target of 4.1 percent in FY15 and aim for 3.6 percent in FY16. Gross market borrowings are likely to inch up to Rs 6.23 lakh crore in FY16. On the taxation front, it is expected to see a roadmap towards implementation of GST.

Read More »

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READ MORE ON  BSE, Sensex, Nifty, Market, Budget, ArunJaitley, FM, Modi, SBI, Bhel, ITC, L&T, Gold, L&T, Titan, TBZ, ICICI Bank, Tata Steel, Rural, infra, bonds,
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