Highlights of Union Budget 2016-17

Highlights of Union Budget 2016-17

Finance Minister Arun Jaitley presented the Union Budget for 2016-17. Tax 0.5 per cent Krishi Kalyan Cess to be levied on all services. Dividend in excess of Rs. 10 lakh per annum to be taxed at additional 10 percent. Pollution cess of 1 per cent on small petrol, LPG and…

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Dollar up after strong data

Dollar

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Source: Sharekhan USD-INR: The Indian Rupee appreciated by 0.14 percent on Friday’s trading session on the back of rise in risk appetite in the domestic markets ahead of Union Budget. Further, foreign banks sold dollars. Benchmark stock index 50 share Nifty Index increased by 0.85 percent to 7029.75. Rupee remained…

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We expect mustard seed to trade sideways

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Source: Angel Commodities Pvt Ltd Chana Chana futures close the week with gain on Friday. The gain is attributed to lower level buying, as spot demand seems to be increasing for new season crop. Chana for April delivery closed higher by 1.84% to settle at Rs 4,258 per quintal. Since,…

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Market Mantra: The Money Daily – February 29, 2016

Market Mantra

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Market Mantra   Budget day! Weak start, Jaitley to call the shots later   After a week of decline, Monday morning has nothing positive to offer given the subdued global sentiment. Yes, all eyes will be on the Union Budget which Finance Minister Arun Jaitley will present around 11 am.…

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Dollar trim gains on mixed economic data

Dollar

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Source: Sharekhan USD-INR: The Indian Rupee depreciated by 0.23 percent in yesterday’s trading session on the back of rise in risk aversion in the domestic markets and month end dollar demand from importers. Investors fear that government may increase the fiscal target in the budget. Benchmark stock index 50 share…

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