Implication of Budget
Mr. Pranav Mukherjee has finally announced budget 2010 on 26th of February 2010 and Market once reacted greatly to that.
Hence the election is not near term so the Budget was finally focus to the Indian Growth and finally the long term but few of the points were ignored. The Budget was more of Political and economical and not of Aam Admi.
Increasing in Inflation was just ignored and so hike in fuel prices will hike more inflation figure more further to a certain extent. Hiking in Fuel prices will finally increase each and every thing finally food, cement, transportation and definitely cost of living and after a certain extent this increase in Inflation Figures could be dangerous for the Stock Market. Hence it was definitely ignored.
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Budget 2010-2011: Speech of Pranab Mukherjee, Minister of Finance
Madam Speaker,
I rise to present the Union Budget for 2010-11.
In 2009, when I presented the interim Budget in February and the regular Budget in July in this august House, the Indian economy was facing grave uncertainties. Growth had started decelerating and the business sentiment was [...]
Today once again I was going through all the figures and data and it is showing that Mr. Mukherjee will give budget with nothing concluding out of it.
Today he has to 3 things to talk and discuss either Fiscal Figures, Controlling Inflation & India Growth.
Fiscal Figures are worrying ones so we should expect the taxation policy will get tightening one and The issue of price rise continued to rock Parliament today with the main opposition BJP opening the debate in the Lok Sabha, blaming the UPA government’s policies for spiralling inflation and price rise.
Every one was expecting a great Budget with Mamta, started her speech with Hindi but lastly delivered in Bengali. This Railway Budget was just Bore some and no moment was seen in the market.
As usual markets are having huge expectations from the government and Mr. Mukherjee. On 26th February, 2010 The Indian Finance Minister shall be announcing the Budget 2010.
Posted at Sufin.Com
The Indian government’s fiscal deficit rose 191.4% on year to 3.071 trln rupees during Apr-Feb, the first 11 months of 2008-09.
Fiscal deficit for Apr-Feb accounted for 94.1% of the revised Budget target of 3.265 trln rupees for the whole year. The revised Budget estimate, tabled in Parliament on Feb 16, pegged India’s fiscal [...]
oday, Nifty ended at 4887.75, down 26.25 points or 0.53% from Wednesday on losses in heavyweights such as Reliance Industries, Unitech and Suzlon Energy. Trade was choppy and the index touched a high of 4922.05 and a low of 4873.70 intraday.
Nifty February provisionally ended at a 3.75-point discount to spot with open interest rising 4.8% to 28.59 mln as per NSE Website.
Sensex was finally down by 141.36 points by tuesat by 0.9% and Nify slips by 37.95 points or 0.8%. The day was weak and losers were more than 700 against 560 upside shares.
Majority Banks and capital shares killed the entire sentiment of the market. Shares of banks and capital good companies witnessed profit booking after recent gains.
Markets ended on positive note on Tuesday, a relief rally where Sensex was up by 94 points and Nifty by 26.05 points. These gains were just due to gains in IT stocks. Wipro, Tata Consultancy Services and Infosys Technologies were up over 1.5-2.0% each.
Each and every trading day markets open & close with the surprise note might be in red or could be in blue. I have been talking to many people who are linked to the market either directly or indirectly.
Big Budget is yet to arrive and market have started falling, as per our previous post it was with our expectations. But every one has suddenly started expecting upside. I don’t know why?
If you have not read our previous articles of sufin.com, please go through them from past December 15, 2009 we are asking all our clients & readers to book just profits and stay on cash and just remain UN Invested.
www.ntv.co.ke. The Nairobi Stock Exchange plans to automate the trading of the bonds before the close of this year. . Speaking at the listing of a 2.5 billion shillings bond by CFC Stanbic, NSE Chief Executive Peter Mwangi says this is part of a raft of measures aimed at stimulating activity in Kenyas debt capital [...]
Report on Human BSE or New Variant CJD (2008) from Meridian Tonight see www.itv.com ********************************************************** In December 2007 Andy Black, from Portsmouth, England, died after suffering from the human form of mad cow disease vcjd (variant Creutzfeldt-Jakob Disease). A 5 part documentary on this is available at:- www.youtube.com A 5 part Korean documentary is available [...]
The year 2010 is poised to favour accelerated economic growth going by prevailing market and environmental conditions. The El Nino rains, the governments stimulus programme, the FIFA world cup to be hosted in South Africa and increased foreign investor participation at the Nairobi Stock Exchange are factors that favour economic upturn but according to an [...]
