BHEL, LT gain on increase in govt expenditure

Thu, Feb 28, 2013 at 11:22

Engineeing majors Larsen & Toubro and BHEL gained 1.6 percent to Rs 1433.90 and 1.16 percent to Rs 208.85 on Thursday on Bombay Stock Exchange, respectively.

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BHEL, L&T gain on increase in govt expenditure

Engineeing majors Larsen & Toubro and BHEL gained 1.6 percent to Rs 1433.90 and 1.16 percent to Rs 208.85 on Thursday on Bombay Stock Exchange, respectively.

Like this story, share it with millions of investors on M3

BHEL, L&T gain on increase in govt expenditure

Engineeing majors Larsen & Toubro and BHEL gained 1.6 percent to Rs 1433.90 and 1.16 percent to Rs 208.85 on Thursday on Bombay Stock Exchange, respectively.

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Engineeing majors Larsen & Toubro and BHEL gained 1.6 percent to Rs 1433.90 and 1.16 percent to Rs 208.85 on Thursday on Bombay Stock Exchange, respectively.

The government plans expenditure of Rs 5.53 lakh crore for the financial year 2013-14.

To download current article in Word format, click here.

highlights

No case to revise direct tax rates, slabs: FM
Super rich tax: 10% surcharge on income above Rs 1 cr: FM
Increase excise duty on SUV's from 27% to 30%: FM
No change in standard rate of excise duty, service tax: FM

Budget Reaction: Rana Kapoor Says Borrowings Pegged On Higher Side Negative For The Market
Budget Reaction: Rana Kapoor Says Overall Borrowing Pegged By Govt On Higher Side
Budget Reaction: Koushik Chatterjee Says FM Spoke Of Raising Investment Tempo In The Port Sector
Budget Reaction: Koushik Chatterjee Says Focus To Increase Mining With Available Reserves

MFs covered for deductions u/s 80CCG
Excise duty increased on mobile phones of Retail Sale Price (RSP) more than Rs 2000
ED on readymade garments exempted: positive textile sector
Excise duty exempted on ships & vessels: positive for shipping

SECTOR IMPACT

Select Sector to see impact

Auto - Cars & Jeeps
Auto - LCVs/HCVs
Banks - Private Sector
Banks - Public Sector
Cigarettes
Computers - Hardware
Computers - Software - Training
Construction and Contracting - Real Estate
Electricals
Engineering - Heavy
Finance - General
Finance - Investments
Infrastructure - General
Leather Products
Media & Entertainment
Mining/Minerals
Miscellaneous
Personal Care
Pesticides/Agro Chemicals
Power - Generation/Distribution
Refineries
Shipping
Sugar
Textiles - Denim
Textiles - General

Textiles - General

13:53 pm

Exice Duty on readymade garments exempted +ve for textile sector

EXPECTATIONS

expectation on: Business

Uday Kotak

Executive Vice-Chairman and Managing Director | Kotak Mahindra Bank

expectation on: Policy

Vetri Subramaniam

CIO | Religare Mutual Fund

expectation on: Markets

Raamdeo Agrawal

Joint MD | Motilal Oswal

expectation on: Markets

Atul Suri

NULL | Trader

expectation on: Policy

Pankaj Vaish

Head South Asia Markets | Citi

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