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

Feb 28, 2015, 11.06 AM IST | Source: Moneycontrol.com

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.

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

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.

11:00

The News International Team

The market is still holding its gains as the Finance Miniseter Arun Jaitley starts Budget speech. The Sensex is up 244.69 points at 29464.81 and the Nifty is up 63.60 points or at 8908.20.

About 1408 shares have advanced, 785 shares declined, and 183 shares are unchanged.

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.

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. The removal of infra sector from the ambit of MAT is seen as a big positive for infra players. A relaxation in gold import duty from current levels will be positive for Titan. Meanwhile a likely excise duty hike for cigarettes will be a negative for ITC.

(Posted by Nasrin Sultana)

10:48

Live Market Updates: Sensex, Nifty gear up; Union Budget approved by Cabinet

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 »

10:32

Live Market Updates: Nifty holds 8900 as FM prepares for Budget speech; IT weakRead More »

Cipla, Hero, Infosys, TCS and Bharti Airtel are top losers in the Sensex . Among the losers are Tata Steel, BHEL, GAIL, L&T and ICICI Bank.

Read More »

10:29

Live Market Updates: HPCL, BPCL down 1-2% on Budget day; Sensex, Nifty stableRead More »

Oil marketing companies (OMCs) are under pressure. CLSA sees the Budget to be negative for refiners as every 1 percent increase in duty will pull down gross refining margins by USD 0.3 per barrel. Both HPCL and BPCL are down 1-2 percent.

Read More »

10:15

Live Market Updates: Nifty slips below 8900; TCS, Infosys, Hero laggardsRead More »

TCS, Hero, Cipla, Maruti and Infosys are down while Tata Steel, HDFC, L&T, ICICI Bank and BHEL are among the gainers in the Sensex.

Read More »

10:04

Live Market Updates: Gold stocks up on hopes of import duty cut; Sensex steadyRead More »

The Sensex is up 243.95 points or 0.8 percent at 29464.07 and the Nifty is up 64.85 points or 0.7 percent at 8909.45. About 1281 shares have advanced, 525 shares declined, and 154 shares are unchanged.

Read More »

09:54

Live Market Updates: Infra, banks stocks lead on Budget day; Sensex, Nifty firmRead More »

BHEL, L&T, HDFC, ICICI Bank and SBI are top gainers while Sun Pharma, Cipla, hero, Hindalco and Maruti are among losers in the Sensex.

Read More »

09:40

Live Market Updates: Sensex, Nifty rally, BHEL up 3%; FM arrives at ParliamentRead More »

BHEL, Sesa Sterlite, HDFC, SBI and L&T are top gainers in the Sensex. Among the Bharti Airtel, Cipla, Hero MotoCorp and Hindalco.

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
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