Market up by 150 Points .... is enough..???
The FII and punters are absent from market.....
FII has not buy a single penny stock from 01-01-2010
so... until the FII not start buying major upward trend is still very rare....
at every rise bear will sell rather than bulls offloading....
Indian Market cant be untouched by international market.
Europe is still under tremendious pressure.
till that no hope for Indian Market
Saturday, February 27, 2010
Market After Budget
The budget presented after keeping in mind for 3.5 Cr People who are filing returns.
But what for the rest of 106.50 Cr people who are below the tax limit.
though industries say it is good budget but.... i have differ view on this.
Releif given to tax payer maximum of Rs. 45000/- but by increasing the rate of Petrolium., vehicles, and the infltaion (which will rise) so how much will remain in hand...... Nothing ..... It would be better if they would have not change the tax structer.
The Change in Tax Slab is nothing to work as from 01-04-2011 Tax Code is coming where income upto Rs. 1000000/- will attract Tax Rate 10%
But what for the rest of 106.50 Cr people who are below the tax limit.
though industries say it is good budget but.... i have differ view on this.
Releif given to tax payer maximum of Rs. 45000/- but by increasing the rate of Petrolium., vehicles, and the infltaion (which will rise) so how much will remain in hand...... Nothing ..... It would be better if they would have not change the tax structer.
The Change in Tax Slab is nothing to work as from 01-04-2011 Tax Code is coming where income upto Rs. 1000000/- will attract Tax Rate 10%
Thursday, February 25, 2010
Stock Market
A million dollor question
What will happen after budget ....... will market get upward momentum
or will get downward momentum
My Prediction
Nifty -- Last Close 4858
4 % Correction lead to close near its short term barrier of 4665.00
it should not be break ... break below will take it to 4208
non stop
while good budget will take it to Max 4925-5010-5110
Budhet will be + for following sector
What will happen after budget ....... will market get upward momentum
or will get downward momentum
My Prediction
Nifty -- Last Close 4858
4 % Correction lead to close near its short term barrier of 4665.00
it should not be break ... break below will take it to 4208
non stop
while good budget will take it to Max 4925-5010-5110
Budhet will be + for following sector
BUDGET some interesting fact
Some interesting facts about budget
R K Shanmukham Shetty presented independent India`s first budget.
Till date, Morarji Desai has had the longest tenure as FM, 8 years.
Desai was FM for 5 years under Nehru and 3 under Indira Gandhi.
Morarji Desai presented two Budgets on his birthday - in 1964 and 1968.
C.D. Deshmukh was the first Indian Governor of RBI to have presented the Interim Budget for 1951-52.
Jaswant Singh was FM for 13 days.
During Jaswant Singh`s regime, Enron got counter-guarantee.
Initially, budget papers were printed in Rashtrapati Bhavan. In 1950, budget papers were leaked. This changed the printing venue to Minto Road located security press.
Since 1980, budget papers are printed in North Block.
A week before the budget is presented, the employees of the press stay in the ministry and have no means of communicating with the outside world.
The Budget process has its roots in the Bombay Plan of 1944. Bombay Plan was authored by John Mathai, GD Birla & JRD Tata.
Revenue deficit is excess of revenue expenditure over revenue receipts.
Revenue expenditure doesn`t result in capital formation (subsidies, salaries).
Revenue receipts is money that Govt doesn`t have to return (duties,taxes).
The government can borrow from three sources. From the market, small saving deposits & from PSU banks.
The govt borrows from the market 3 to 4 times annually Plan Expenditure is the Budget allocation to fulfill 5-yr Plan obligations.
Plan Expenditure creates new assets for economy.
Total Plan Expenditure in 5 yrs should match allocation for a 5-yr Plan.
Total Plan expenditure in 5 years has always been lower than target .
The 1991-92 final and interim Budgets were presented by Finance Ministers of two different political parties. While Yashwant Sinha presented the interim budget, the final budget was presented by Manmohan Singh.
The 1965-66 budget contained the first disclosure scheme for black money.
Jawahar Lal Nehru was the first Prime Minister to present the budget when he held the Finance portfolio in 1958-59.
R Venkataraman was the only Finance Minister who later became the President of India.
Three interim budgets were presented in the 1990s. While Yashwant Sinha presented the interim Budgets for 1991-92 and 1998-99, Manmohan Singh presented the 1996-97 interim Budget.
The precedent for the convention of the budget speech beginning at 5:00 pm was set by Sir Basil Blackett in 1924. According to him, this was done to give some relief to officials who worked all night to present a financial statement. He also felt that this would give traders an opportunity to study the announcements overnight instead of in the middle of a busy day.
P Chidambaram rewrote India`s Exim Policy in one non-stop eight-hour sitting in July 1991, when he became the Commerce Minister.
Bureau Report
R K Shanmukham Shetty presented independent India`s first budget.
Till date, Morarji Desai has had the longest tenure as FM, 8 years.
Desai was FM for 5 years under Nehru and 3 under Indira Gandhi.
Morarji Desai presented two Budgets on his birthday - in 1964 and 1968.
C.D. Deshmukh was the first Indian Governor of RBI to have presented the Interim Budget for 1951-52.
Jaswant Singh was FM for 13 days.
During Jaswant Singh`s regime, Enron got counter-guarantee.
Initially, budget papers were printed in Rashtrapati Bhavan. In 1950, budget papers were leaked. This changed the printing venue to Minto Road located security press.
Since 1980, budget papers are printed in North Block.
A week before the budget is presented, the employees of the press stay in the ministry and have no means of communicating with the outside world.
The Budget process has its roots in the Bombay Plan of 1944. Bombay Plan was authored by John Mathai, GD Birla & JRD Tata.
Revenue deficit is excess of revenue expenditure over revenue receipts.
Revenue expenditure doesn`t result in capital formation (subsidies, salaries).
Revenue receipts is money that Govt doesn`t have to return (duties,taxes).
The government can borrow from three sources. From the market, small saving deposits & from PSU banks.
The govt borrows from the market 3 to 4 times annually Plan Expenditure is the Budget allocation to fulfill 5-yr Plan obligations.
Plan Expenditure creates new assets for economy.
Total Plan Expenditure in 5 yrs should match allocation for a 5-yr Plan.
Total Plan expenditure in 5 years has always been lower than target .
The 1991-92 final and interim Budgets were presented by Finance Ministers of two different political parties. While Yashwant Sinha presented the interim budget, the final budget was presented by Manmohan Singh.
The 1965-66 budget contained the first disclosure scheme for black money.
Jawahar Lal Nehru was the first Prime Minister to present the budget when he held the Finance portfolio in 1958-59.
R Venkataraman was the only Finance Minister who later became the President of India.
Three interim budgets were presented in the 1990s. While Yashwant Sinha presented the interim Budgets for 1991-92 and 1998-99, Manmohan Singh presented the 1996-97 interim Budget.
The precedent for the convention of the budget speech beginning at 5:00 pm was set by Sir Basil Blackett in 1924. According to him, this was done to give some relief to officials who worked all night to present a financial statement. He also felt that this would give traders an opportunity to study the announcements overnight instead of in the middle of a busy day.
P Chidambaram rewrote India`s Exim Policy in one non-stop eight-hour sitting in July 1991, when he became the Commerce Minister.
Bureau Report
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