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Thu, 10 July 2014
Rupee sees biggest fall in nearly a month
Timeline Refresh
17:46
The rupee saw its biggest single-day decline in nearly a month on Thursday as the euphoria over the budget was washed away by the sharp fall in European shares while key stop-losses were also triggered.
The partially convertible rupee closed at 60.19/20 per dollar.
The partially convertible rupee closed at 60.19/20 per dollar.
17:38
Branded or premium petrol to cost Rs 5 less after Budget cuts central excise duty from Rs 7.5 per litre to Rs 2.35 a
litre.
litre.
16:26
Terming the Union Budget as 'visionless, missionless and actionless', West Bengal Chief Minister Mamata Banerjee today dubbed the Narendra Modi regime as a 'government of the FDI, by the FDI and for the FDI'.
"The budget is visionless, missionless and actionless from the angle of the common people. It is not going to stimulate growth and development of the poor," Banerjee said in a Facebook post.
Stating that a call for a strong and vibrant India was made before the government came to power and that there would be good governance, Banerjee said sarcastically "Only one positive sign of the new government is established in two budgets that they have become a government of the FDI, by the FDI and for the FDI.
"Already, there is FDI in the retail. Now FDI is increased to 49 per cent in Defence, and Insurance Sectors. In addition, disinvestment in banking sector is up to 49 per cent. All these will adversely affect the people of the country," Banerjee said.
14:52
Welcoming the Indian budget as "pragmatic and sensible", NRI industrialist Lord Swraj Paul said today that it would send a positive signal to foreign investors.
Paul, founder-Chairman of the Caparo Group, which has sizable investments in India in the steel and automotive sectors, said, "I congratulate Finance Minister Arun Jaitley and Prime Minister Narendra Modi for clearly laying out the roadmap for economic recovery of the country.
"Jaitley deserves all praise for presenting a budget that clearly lay the foundation for implementing the promises made by the BJP during the election campaign. He has inherited a tough economic situation but it is clear that he is not daunted by it. The budget will restore faith in Indian economy and give confidence to foreign investors," Paul said.
14:06
The party said Budget was only for the industrialists.
14:04
Congress says, SuperBudget is a disaster.
14:03
Slamming the Budget 2014, Left parties said FDI won't solve all problems.
13:45
There is nothing for the social sector, they have copied most of our schemes, says Sonia Gandhi
13:24
At 1329 hour, the 30-share BSE Sensex is up 279 points at 25,724.09, while the NSE Nifty is up 84 points at 7,669.45.
13:21
Clean Energy cess increased from Rs. 50/ tonne to Rs 100/tonne
13:16
FM proposes cut in basic customs duty on some petrochemical units
To expand horizon of service tax
Basic custom duty on LCD, LEDs below 19 inches reduced to nil from 10%
Excise duty on cigarettes doubled to 22%
To cut excise duty on packaging machinery to 6%
To cut excise duty on food processing to 6% from 10%
Interest cap on Self-occupied houses raised to Rs 2 lakh from Rs 1 lakh
Income tax exemption limit for senior citizens raised to Rs 3 lakh frm Rs 2.5 lakh
To expand horizon of service tax
Basic custom duty on LCD, LEDs below 19 inches reduced to nil from 10%
Excise duty on cigarettes doubled to 22%
To cut excise duty on packaging machinery to 6%
To cut excise duty on food processing to 6% from 10%
Interest cap on Self-occupied houses raised to Rs 2 lakh from Rs 1 lakh
Income tax exemption limit for senior citizens raised to Rs 3 lakh frm Rs 2.5 lakh
13:11 Markets cheer Budget 2014
At 1316 hour, the 30-share BSE Sensex is up 193 points at 25,638.26, while the NSE Nifty is up 53 oints at 7,637.95.
13:09
Announces increased excise duty on tobacco products, and aerated water products with added sugar
Announces reduction in excise duty for specified food package industry from 10% to 6%.
Announces reduction in excise duty for specified food package industry from 10% to 6%.
13:07
Income tax exemption limit hiked from Rs 2 lakh to Rs 2.5 lakh
New tax slabs:
Upto 2.5 lakh - NIL;
Above 2.5-5 lakh - 10%;
Rs 5-10 lakh - 20%;
Above Rs 10 lakh - 30% ;
SrCitizen: Above 60(Upto 3lakh)/Above 80(Upto Rs 5 lakh)-NIL
New tax slabs:
Upto 2.5 lakh - NIL;
Above 2.5-5 lakh - 10%;
Rs 5-10 lakh - 20%;
Above Rs 10 lakh - 30% ;
SrCitizen: Above 60(Upto 3lakh)/Above 80(Upto Rs 5 lakh)-NIL
13:04
Basic customs duty on colour picture tubes scrapped
To hike tax rates to 20% for transfer of MF units
Impact: Duty reduced in petrochemcial products, likely to impact Reliance's margins from this business
Impact: Fatty acid and glycerine duty reduced -- to benefit soap manufacturers
Propose to introduce range concept in transfer pricing
Impact: Capital goods sector can benefit from investment allowance of 15% for 3 yrs to manufacturing company which invest more than Rs 25 crore in plant and machinery
To hike tax rates to 20% for transfer of MF units
Impact: Duty reduced in petrochemcial products, likely to impact Reliance's margins from this business
Impact: Fatty acid and glycerine duty reduced -- to benefit soap manufacturers
Propose to introduce range concept in transfer pricing
Impact: Capital goods sector can benefit from investment allowance of 15% for 3 yrs to manufacturing company which invest more than Rs 25 crore in plant and machinery
12:59
Basic customs duty on colour picture tubes scrapped
To hike tax rates to 20% for transfer of MF units
Impact: Duty reduced in petrochemcial products, likely to impact Reliance's margins from this business
Impact: Fatty acid and glycerine duty reduced -- to benefit soap manufacturers
Propose to introduce range concept in transfer pricing
Impact: Capital goods sector can benefit from investment allowance of 15% for 3 yrs to manufacturing company which invest more than Rs 25 crore in plant and machinery
To hike tax rates to 20% for transfer of MF units
Impact: Duty reduced in petrochemcial products, likely to impact Reliance's margins from this business
Impact: Fatty acid and glycerine duty reduced -- to benefit soap manufacturers
Propose to introduce range concept in transfer pricing
Impact: Capital goods sector can benefit from investment allowance of 15% for 3 yrs to manufacturing company which invest more than Rs 25 crore in plant and machinery
12:56
Tax announcements by FM
- No change in direct tax rates
- To increase personal I-T limit to Rs 2.5 lk
- Raises tax exemption limit to Rs 3lk vs Rs 2.5lk for senior citizens
- No change in tax laws for Hindu Undivided Families
- Education cess to continue at 3%
- To raise Housing interest deduction limit to Rs 2 lk
- Raises 80C investment cap to Rs 1.5 lk
- To raise investment allowance for investments above Rs 25 cr in units
12:52
Impact: Capital goods sector can benefit from investment allowance of 15% for 3 yrs to manufacturing company which invest more than Rs 25 crore in plant and machinery
12:51
Budget assumes tax revenue growth of 19.7% vs 21% in vote on account
Provide investment allowance at 15% for 3 yrs to manufacturing company which invest more than Rs 25 cr in plant and machinery.
Revenue Deficit seen at 2.9% for FY15
Gross Tax reciepts seen at 13.64 lakh crores
Provide investment allowance at 15% for 3 yrs to manufacturing company which invest more than Rs 25 cr in plant and machinery.
Revenue Deficit seen at 2.9% for FY15
Gross Tax reciepts seen at 13.64 lakh crores
12:49
10 year tax holiday for power projects
12:48
Education cess of 3% on personal income tax to stay
Impact: Individuals to benefit from higher tax exemption, increase in 80 C limit and increase in exemption for housing loans. Consumer companies and housing sector to marginally benefit
Income tax exemption limit for senior citizens raised to Rs 3 lakh frm Rs 2.5 lakh
Impact: Individuals to benefit from higher tax exemption, increase in 80 C limit and increase in exemption for housing loans. Consumer companies and housing sector to marginally benefit
Income tax exemption limit for senior citizens raised to Rs 3 lakh frm Rs 2.5 lakh
12:46
Impact: Rs 5000 per annum benefit for individuals from hike in tax limit
12:43
Govt committed to address issues in Andhra, Telangana
Rs 1000 cr provided for rail connectivity in NE region
Metro rail services to be launched in Lucknow and Ahmedabad; Rs 100 crore set aside for it: FM
Budget 2014: FM announces Rs 150 cr for communication needs of Andaman & Nicobar islands
Rs 1000 cr provided for rail connectivity in NE region
Metro rail services to be launched in Lucknow and Ahmedabad; Rs 100 crore set aside for it: FM
Budget 2014: FM announces Rs 150 cr for communication needs of Andaman & Nicobar islands
12:39
Propose to revamp small savings schemes
To take up insurance regulator bill for consideration
'Govt to support world class convention centre through PPP'
Rs 2037 cr set aside for Ganga Conservation Mission
To work on revival of PSU Banks' stressed assets
Sports University to be set up in Manipur; Rs. 100 cr provided in current financial year
Budget 2014:Govt will set up national sports academy for different sports in different parts of India
Budget 2014: Biotech clusters to be set up in Bangaluru and Faridabad to take science and technology to new heights
To take up insurance regulator bill for consideration
'Govt to support world class convention centre through PPP'
Rs 2037 cr set aside for Ganga Conservation Mission
To work on revival of PSU Banks' stressed assets
Sports University to be set up in Manipur; Rs. 100 cr provided in current financial year
Budget 2014:Govt will set up national sports academy for different sports in different parts of India
Budget 2014: Biotech clusters to be set up in Bangaluru and Faridabad to take science and technology to new heights
12:34
Allot Rs. 2.29 lakh cr for defence
'Clean Ganga: Rs 2037 crore for integrated Ganga programme'
Framework for differential banks for small businesses, poor
To address low penetration of insurance
Will bridge regulatory gaps for chit funds
'Clean Ganga: Rs 2037 crore for integrated Ganga programme'
Framework for differential banks for small businesses, poor
To address low penetration of insurance
Will bridge regulatory gaps for chit funds
12:30
"PPF: Annual ceiling raised to 1.5 lakh'
Govt to consider consolidation of banks
Must strengthen, modernise financial sector regulatory system
To strengthen regulatory framework of commodity markets
Defence budget raised by Rs. 5000cr over interim budget
To implement warehousing receipt plan with vigour
To introduce uniform KYC norms
To revamp IDRs and introduce Bharat Depository Receipts
Extend 5% withholding tax on all India co bonds to June 2017
To allow international settlement of India debt securities
'Time bound programme to have all households within banking system'
Govt to consider consolidation of banks
Must strengthen, modernise financial sector regulatory system
To strengthen regulatory framework of commodity markets
Defence budget raised by Rs. 5000cr over interim budget
To implement warehousing receipt plan with vigour
To introduce uniform KYC norms
To revamp IDRs and introduce Bharat Depository Receipts
Extend 5% withholding tax on all India co bonds to June 2017
To allow international settlement of India debt securities
'Time bound programme to have all households within banking system'
12:26
National gas Grid needs 15000 km more gas pipeline
'Ultra mega solar projects to be set-up to promote renewable energy'
To review mining royalty for states
Permanent Establishment 'risk' to be addressed
To expedite resolution of iron ore mining impasse
To allow international settlement of India debt securities
Additional 15,000 km of gas pipeline required via PPP
Liberalise ADR, GDR regime
Corporate bond market & currency derivative market to be freed up
'Rs. 500 crore allotted for new and renewable energy'
NHAI to target 8,000 km of road development in FY'15
To revive old, closed oil, gas wells
'Ultra mega solar projects to be set-up to promote renewable energy'
To review mining royalty for states
Permanent Establishment 'risk' to be addressed
To expedite resolution of iron ore mining impasse
To allow international settlement of India debt securities
Additional 15,000 km of gas pipeline required via PPP
Liberalise ADR, GDR regime
Corporate bond market & currency derivative market to be freed up
'Rs. 500 crore allotted for new and renewable energy'
NHAI to target 8,000 km of road development in FY'15
To revive old, closed oil, gas wells
12:23
Top gainers on BSE
Wipro (2.47%)
Infosys (1.51%)
TCS (0.81%)
Hindalco Ind (0.79%)
Coal India (0.67%)
Top Losers on BSE
Bharti Airtel (-2.47%)
SBI (-2.38%)
Sesa Sterlite (-2.29%)
BHEL (-2.14%)
Axis Bank (-1.98%)
Wipro (2.47%)
Infosys (1.51%)
TCS (0.81%)
Hindalco Ind (0.79%)
Coal India (0.67%)
Top Losers on BSE
Bharti Airtel (-2.47%)
SBI (-2.38%)
Sesa Sterlite (-2.29%)
BHEL (-2.14%)
Axis Bank (-1.98%)
12:16
Budget 2014: To set up Trade Facilitation Centres for Varanasi
To set-up 10,000 crore startup fund for new businesses
Total sanitation for every household by 2019, says Arun Jaitley
Announces development of Hastkala Academy in PPP mode
Budget 2014: Rs 50 crore set aside for Pashmina Production program in J&K.
To complete gas grid in the country, focus on piped gas
New airports to be developed through PPP mode
Rs 100 cr for national industrial corridor based in Pune
Apprentice Act to be suitably amended to strengthen the Apprentice Training Scheme
Rs 37500 cr investment in highways and roads
New Airport development -- GMR and L&T can benefit
Target of Rs 8,00,000 cr for farm credit in FY14-15
To set-up 10,000 crore startup fund for new businesses
Total sanitation for every household by 2019, says Arun Jaitley
Announces development of Hastkala Academy in PPP mode
Budget 2014: Rs 50 crore set aside for Pashmina Production program in J&K.
To complete gas grid in the country, focus on piped gas
New airports to be developed through PPP mode
Rs 100 cr for national industrial corridor based in Pune
Apprentice Act to be suitably amended to strengthen the Apprentice Training Scheme
Rs 37500 cr investment in highways and roads
New Airport development -- GMR and L&T can benefit
Target of Rs 8,00,000 cr for farm credit in FY14-15
12:14
Top gainers on NSE
Infosys (1.32%)
Wipro (1.04%)
HCL Tech (0.71%)
UltraTech Cement Limited (0.44%)
DLF (0.34%)
Top losers on NSE
NMDC Limited (-3.75%)
Bharti Airtel Limited (-3.25%)
BPCL (-3.02)
Sesa Sterlite Limited (-3.01)
Bank of Baroda (-2.94)
Infosys (1.32%)
Wipro (1.04%)
HCL Tech (0.71%)
UltraTech Cement Limited (0.44%)
DLF (0.34%)
Top losers on NSE
NMDC Limited (-3.75%)
Bharti Airtel Limited (-3.25%)
BPCL (-3.02)
Sesa Sterlite Limited (-3.01)
Bank of Baroda (-2.94)
12:11
New friendly bankruptcy framework for MSMEs
Plan to set up 6 more textile clusters
To award 16 new port projects in FY'15
'Promoting entrepreneurship: Rs. 10,000 cr fund for start-up companies'
MSME definition to be revised to allow higher capital cap
Rs 11,644 cr will be allocated for 16 new port projects
Plan 6 more textile clusters with Rs 200 cr allocation
Propose Rs 10,000 cr fund for start-up firms
Plan 6 more textile clusters with Rs 200 cr allocation
Proposes six more textile clusters in Surat, Lucknow and other centres, earmarks Rs 200 cr
Plan to set up 6 more textile clusters
To award 16 new port projects in FY'15
'Promoting entrepreneurship: Rs. 10,000 cr fund for start-up companies'
MSME definition to be revised to allow higher capital cap
Rs 11,644 cr will be allocated for 16 new port projects
Plan 6 more textile clusters with Rs 200 cr allocation
Propose Rs 10,000 cr fund for start-up firms
Plan 6 more textile clusters with Rs 200 cr allocation
Proposes six more textile clusters in Surat, Lucknow and other centres, earmarks Rs 200 cr
12:05
Defence stocks plunge upto 10% despite Arun Jaitley raising FDI limit to 49%
Effective steps to be taken to revive SEZs
Apprentice Act to be suitably amended to strengthen the Apprentice Training Scheme
All govt departments and ministries to be integrated through E-platform by 31 Dec this year
Will launch broadband connectivity at village level, says Arun Jaitley
Additional Rs. 5000 cr set aside for RIDF
Rs 50 cr set aside for indigenous cattle breed and blue revolution for inland fisheries
Effective steps to be taken to revive SEZs
Apprentice Act to be suitably amended to strengthen the Apprentice Training Scheme
All govt departments and ministries to be integrated through E-platform by 31 Dec this year
Will launch broadband connectivity at village level, says Arun Jaitley
Additional Rs. 5000 cr set aside for RIDF
Rs 50 cr set aside for indigenous cattle breed and blue revolution for inland fisheries
11:58
Propose to provide finance to 5 lakh landless farmers through NABARD
Govt will initiate scheme to provide a soil health card; Rs. 100 cr set aside. Rs. 56 cr for soil testing labs across the country
Govt will initiate scheme to provide a soil health card; Rs. 100 cr set aside. Rs. 56 cr for soil testing labs across the country
11:56
Rs 500 crore allocated for 4 new AIIMS units
Committed to sustaining 4% growth in agriculture, extend credit to joint farming groups
Rs 500 crore allocated for stabilizing prices of agricultural commodities
Committed to sustaining 4% growth in agriculture, extend credit to joint farming groups
Rs 500 crore allocated for stabilizing prices of agricultural commodities
11:54
Mixed reactions from India Inc on the Budget so far. Mr Jaitley resumes his speech
11:53
Agriculture University in AP and Rajasthan, and Horticulture University in Haryana, Telangana; Rs. 200 cr set aside
Proposes 50000 cr for urban infra projects. Proposes Metro projects in cities with 20 lk people
Proposes 50000 cr for urban infra projects. Proposes Metro projects in cities with 20 lk people
11:52
Five minute break announced in presentation of Budget
11:51
At 1156 hour, the 30-share BSE Sensex is down 198 points at 25,246.67, while the NSE Nifty is down 61 oints at 7,524.40.
11:48
Parliament takes a break, to resume after 5 minutes.
Rs 3600 cr set aside for National Rural Drinking Water
Mission for low cost housing proposed to incentivise development of low cost housing; Rs. 400 cr announced
To spend 28635 cr for Sarva Siksha Abhyaan
Rs 3600 cr set aside for National Rural Drinking Water
Mission for low cost housing proposed to incentivise development of low cost housing; Rs. 400 cr announced
To spend 28635 cr for Sarva Siksha Abhyaan
11:42
FM announces schemes for disabled persons in the country
FM: EPFO will launch a unified account scheme for portability of Provident Fund accounts
Rs 7060 crore to spent for 100 smart citiesm, says Arun Jaitley
PMGSY has a massive impact on rural development; sets aside Rs. 14,389 cr for this
FM proposes National Housing Banking programme; sets aside Rs. 8000 cr for this prog
FM: EPFO will launch a unified account scheme for portability of Provident Fund accounts
Rs 7060 crore to spent for 100 smart citiesm, says Arun Jaitley
PMGSY has a massive impact on rural development; sets aside Rs. 14,389 cr for this
FM proposes National Housing Banking programme; sets aside Rs. 8000 cr for this prog
11:40
Proposes AIIMs in every state of the country
11:37
Proposes start-up village entrepreneurship scheme, earmarks Rs 100 crore
Rs 100 crore for Beti Bachao, Beti Padhao Yojana, for women empowerment
15 new presses and modernisation of existing presses for visually challenged; special currency to cater to these citizens
15 new presses and modernisation of existing presses for visually challenged; special currency to cater to these citizens
Rs 100 crore for Beti Bachao, Beti Padhao Yojana, for women empowerment
15 new presses and modernisation of existing presses for visually challenged; special currency to cater to these citizens
15 new presses and modernisation of existing presses for visually challenged; special currency to cater to these citizens
11:35
FM announces Crisis Management Center for women at Delhi; money to be provided from Nirbhaya fund
FM laments apathy towards girl child; announces Beti padhao, beti badhao yojana; sets aside Rs. 100 cr for this
Rs 200 crore to Gujarat govt for Statue of Unity
5 new Brail presses to be established and revival of 10 existing announced by FM
FM laments apathy towards girl child; announces Beti padhao, beti badhao yojana; sets aside Rs. 100 cr for this
Rs 200 crore to Gujarat govt for Statue of Unity
5 new Brail presses to be established and revival of 10 existing announced by FM
11:32
At 1137 hour, the 30-share BSE Sensex is down 176 points at 25,268.34, while NSE Nifty is down 62 points at 7,524.35.
11:30
To provide Rs 500 cr to boost rural power infrastructure
We will overhaul subsidy regime: FM
A large number of money lying unused in postal schemes etc. Propose to set up a committee to examine how this can be utilised
We will overhaul subsidy regime: FM
A large number of money lying unused in postal schemes etc. Propose to set up a committee to examine how this can be utilised
11:27
Rs 7060 cr given to develop 100 smart cities
Rs 1000 cr to be set aside for irrigation schemes
Govt committed to provide 24*7 power supply to all
Govt to constitute an Expenditure Management Commission
Aiming at total sanitation for all households by 2019
To allocate Rs 1000 cr for improving irrigation tracts
India needs boost for jobs creation
Rs 1000 cr to be set aside for irrigation schemes
Govt committed to provide 24*7 power supply to all
Govt to constitute an Expenditure Management Commission
Aiming at total sanitation for all households by 2019
To allocate Rs 1000 cr for improving irrigation tracts
India needs boost for jobs creation
11:22
To provide incentive for REITS
Real Estate and Infra companies to benefit from revised REITs norms
e-Visas to be introduced in phased manner to encourage tourism in 9 airports
Will sell shares in banks to retail investors
Real Estate and Infra companies to benefit from revised REITs norms
e-Visas to be introduced in phased manner to encourage tourism in 9 airports
Will sell shares in banks to retail investors
11:21
Equity infusion of Rs 2,40,000 cr in banks targeted: FM
Composite cap of FDI raised to 49% in insurance
Propose changes in transfer pricing regulations
Will not change rules on retrospective taxation
All retro tax cases will be scrutinised buy high level commission
Will overhaul subsidy regime, especially food and fuel
Composite cap of FDI raised to 49% in insurance
Propose changes in transfer pricing regulations
Will not change rules on retrospective taxation
All retro tax cases will be scrutinised buy high level commission
Will overhaul subsidy regime, especially food and fuel
11:17
At 1123 hour, the 30-share BSE Sensex is up 76 points at 25,520.96, while NSE Nifty is up 17 points at 7,601.95.
11:14
Govt will not bring any change retrospectively
New urea policy to be formulated
FY17 target for fiscal deficit at 3%
Monsoon unpredictable this year
Need to introduce fiscal prudence that will reach to fiscal consolidation
New urea policy to be formulated
FY17 target for fiscal deficit at 3%
Monsoon unpredictable this year
Need to introduce fiscal prudence that will reach to fiscal consolidation
11:12
Continuing slowdown has posed threat to global recovery
Nation is in no mood to suffer job losses, apathetic govt
Two years of sub-5% growth has resulted in challenges
Anti-poverty programmes should be well targetted
Prevailing economic situations present great challenges
Budget aims to lay down broad policy indications
Nation is in no mood to suffer job losses, apathetic govt
Two years of sub-5% growth has resulted in challenges
Anti-poverty programmes should be well targetted
Prevailing economic situations present great challenges
Budget aims to lay down broad policy indications
11:09
Fiscal deficit target of 4.1% is daunting, sais FM
11:08
Fiscal prudence is of prime importance: FM
Steps announced in budget to take Indian economy to 7-8% growth in coming years, said Jaitley.
Steps announced in budget to take Indian economy to 7-8% growth in coming years, said Jaitley.
11:06
Steps announced in budget to take Indian economy to 7-8% growth in coming years
Prevailing economic situation is a great challenge
Prevailing economic situation is a great challenge
11:04
The people of India have voted for change. India desires to grow: Jaitley
Slow decision making has resulted in loss of opportunity. Two years of sub-5% growth has resulted in challenging situation
There are green shoots of recovery being seen in global economy: Jaitley
Slow decision making has resulted in loss of opportunity. Two years of sub-5% growth has resulted in challenging situation
There are green shoots of recovery being seen in global economy: Jaitley
11:01
Removing retro tax is an easy tax for Jaitley
Morgan Stanley: Believe subsidies will reduce only post State elections
Morgan Stanley: Expect reduction in subsidies by 0.3-2% of GDP for FY15
Morgan Stanley: Believe subsidies will reduce only post State elections
Morgan Stanley: Expect reduction in subsidies by 0.3-2% of GDP for FY15
10:51 Sensex recovers 75 points ahead of Budget
Tracking a firming global trend, the benchmark BSE Sensex today rose by nearly 75 points in early trade ahead of the Union Budget 2014-15.
The 30-share barometer gained by 74.93 points, or 0.29 per cent, to 25,519.74. The index had lost 655.27 points in the previous two sessions.
Sectoral indices led by capital goods, power, metal auto and PSU were trading in positive zone with gains up to 0.44 per cent.
Similarly, the wide-based National Stock Exchange Nifty index moved up by 6.25 points, or 0.08 per cent, to 7,591.25.
Brokers said fresh positions built-up by cautious participants on expectations of some sops in the Union Budget 2014-15 to be announced later in the day buoyed the trading sentiment.
10:48
Rupee is up 12 paise against the dollar ahead of Union Budget.
10:43 Govt may cut gold import duty in Budget
Gold imports into India are likely to rise 200 tonnes in the second half to December, a 14 per cent increase compared with the first half.
10:37
Lot can happen outside the Budget like the rail fare hike, says market expert Ridham Desai, adding Budget is not the only way to repair the economy.
10:31
Bonds firm up on hopes of prudent budget by Finance Minister Arun Jaitley
Ramesh Damani: FM likely to present a roadmap for GST's implementation
If market dips, it's a great opportunity, else enjoy the ride: Nilesh Shah
Ridham Desai: Must buy cyclicals, avoid defensives from 12-18 month view
Gold up on weaker dollar; India budget eyed for import duty cut
Ramesh Damani: FM likely to present a roadmap for GST's implementation
If market dips, it's a great opportunity, else enjoy the ride: Nilesh Shah
Ridham Desai: Must buy cyclicals, avoid defensives from 12-18 month view
Gold up on weaker dollar; India budget eyed for import duty cut
10:26
The deduction for interest on housing loans needs to be increased from the current limit of Rs 1,50,000 considering the rates for residential properties have shot up significantly over the past few years. To provide relief to the tax payer, this limit should be increased to at least Rs 3 lakh.
10:24
Here are some changes we expect in this year's Budget that would benefit you as a taxpayer:
- Increase in the Section 80C limit
- Higher deduction under Section 80TTA
- Exemption for children under Section 10
- Increase in the limit of medical reimbursements
- Tax exemptions post retirement age
10:08
Finance Minister Arun Jaitley is due to address parliament at 11 a.m.
But some investors were disappointed by a railway budget delivered on Tuesday that was long on promises of opportunities for private investors but short on details of how to make the sector attractive for such capital.
Growth with employment is the top focus in Budget, says BJP.
But some investors were disappointed by a railway budget delivered on Tuesday that was long on promises of opportunities for private investors but short on details of how to make the sector attractive for such capital.
Growth with employment is the top focus in Budget, says BJP.
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