Budget Impact
Ø Indian bourses closed the Friday session in the red, the S&P CNX nifty shed more than 150 points from the days high to close at 5317.
Ø Volumes were on the higher side, the FII remained as net buyers for Rs 8835.00million.
Ø Amongst the sectoral indices the BSE oil index declined more than 2 percent and topped the losers list. Meanwhile, the BSE FMCG and the BSE Auto indices bucked the trend and closed in the green.
Ø Shares of Oil exploration companies dropped after the government raised cess on crude petroleum oil production to Rs 4,500 per metric tonne from Rs 2,500 per tonne in Union Budget 2012-13.
Ø Standard Chartered PLC hit an upper circuit limit of 20% after the Finance Minster Pranab Mukherjee allowed two-way fungibility of Indian Depositary Receipts
Outlook
Ø
Ø In early trade it's a mixed bag for Asian markets and the SGX Nifty is trading below 5350 mark. Going ahead Indian market is likely to open on flat note.
CONFIDENTIAL NOTE: The information contained in this email is intended only for the use of the individual or entity to which it is addressed and may contain information that is privileged, confidential and exempt from disclosure under applicable laws. If you are not the intended recipient, you are hereby notified that any dissemination, distribution or copying of this communication (other than to the intended recipient) is strictly prohibited. If you have received this communication in error, please immediately notify the sender and delete the mail.
0 comments:
Post a Comment