How the 2010 Budget impact your stocks?

TCS Awadh Park, Tata Consultancy Services' reg...

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Different measures proposed in the latest budget impact your stocks differently. We present net effects on various sectors and stocks below. As reasons for the same were discussed in detail in various shows and papers, we don’t wish to repeat again.


KEC, Jyoti, EMCO, Crompton, Suzlon, Bajaj Auto, Hero Honda, Maruthi, M&M,BOB, PNB, OBC, Dena Bank,Nestle, Marico,Concor, Arshiya, Ashok Leyland, TataMotors, Phillips Carbon Black Ltd, Apollo Tyres, MRF Tyres, CEAT, JK Tyres. Reliance Capital, Bajaj Financial Services, Indian Bulls Financial Services, Mahindra & Mahindra Financial services, IFC,Educomp, Everonn,  Chambal Fertilizers, Tata Chemicals, Coromandel Fertilizers, Zuari, RCF,Jain Irrigation,Royal Orchids and all the hotel sector companies, HCC, Patel Eng, NCC, Simplex, L&T,  IRB Infra, L&T, IVRCL, NCC, GMR Infra,  Bartronics, CMC, Vakranjee Software, Glenmark, Biocon, Dr Reddys, Piramal Life Science, Lupin, Ranbaxy, Strides Arcolab


RIL, ONGC, Oil India, DLF, UNITECH,HDIL, phoneix, Bharati, Idea, Rcom, Jet Airways, SpiceJet , Kingfisher,ITC,Godfrey Philips, GDL, Infosys, TCS, Polaris All IT sector companies,  Ambuja Cement, Grasim, ACC, most of the cement companies,  Moserbear, HCL Infosystems, Redington,  Allcargo Global, GDL, Arshiya,  HPCL, BPCL, IOC, Essar Oil, CPCL, MRPL,  Torrent Pharma, Dishman Pharma, Sun Pharma, Divis Lab, Lupin, Jubilant

Online money transfer (NEFT) to become faster and costlier also

The RBI headquarters in Mumbai

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In a circular to the chiefs of all the member-banks providing NEFT service(The National Electronic Fund Transfer (NEFT), which allows bank customers to transfer funds electronically), the RBI has asked the banks to take necessary measures to “strengthen the NEFT system in terms of availability, convenience, efficiency and speed” with effect from 1 March.

Among these measures, the apex bank has asked banks to extend the operating hours of NEFT system from 9 am to 7 pm on weekdays and from 9 am to 1 pm on Saturdays. Currently, NEFT is available from 9 am to 5 pm on weekdays and from 9 am to 12 noon on Saturdays.

The central bank has also asked banks to move to hourly settlement of NEFT transactions, as against current practice of six batches of settlements on weekdays and three on Saturdays.

However, the extension of timing and faster settlements could coincide with higher charges for such transactions. Currently, banks do not need to pay any processing or service charges to RBI for electronic fund transfer, but the waiver of this fee is valid till 31 March only. Thereafter, a charge would be required to be paid to RBI by banks, which in turn would pass on the same to the customers.

It is not known how the banks already charging would react to this news.

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The market is expected to remain in the range of 4,720 and 4,950 : Nirmal Bang

Assorted international currency notes.

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Nirmal Bang in their “Beyond the Market” predicted that the market is expected to remain in the range of 4,720 and 4,950. It also states that expectations of a roll back of the fiscal stimulus in the soon-to-be announced Union Budget and the Greece debt crisis in the Eurozone are worrying investors.

They recommend following stocks for investors.

Aurobindo Pharma Ltd (LTP: Rs 928), Lupin Ltd (LTP: Rs 1,575), Castrol India Ltd (LTP: Rs 700), Supreme Industries Ltd (LTP: Rs 460), Apollo Tyres Ltd (LTP: Rs 54.80), JK Tyre & Industries Ltd (LTP: Rs 176.95), Mahindra Forgings Ltd (LTP: Rs 108.30), JSW Energy Ltd (LTP: Rs 106.60), Adani Power Ltd (LTP: Rs 107.50), Hyderabad Industries Ltd (LTP: Rs 594), Sterlite Technologies Ltd (LTP: Rs 411.20), Lanco Industries Ltd (LTP: Rs 65.65), Pennar Industries Ltd (LTP: Rs 35.80), Gujarat State Fertilizers & Chemicals
Ltd (LTP: Rs 215.95), Rallis India Ltd (LTP: Rs 1,111), Jay Shree Tea & Industries Ltd (LTP: Rs 330.25), Mcleod Russel India Ltd (LTP: Rs 234), Royal Orchid Hotel Ltd (LTP: Rs 83.40) and Gujarat State Petronet Ltd (GSPL) (LTP: Rs 89.50) look good buys. These stocks look attractive from a one or two year investment perspective and can be bought partially at current prices and when the Nifty is around the 4,600 level.

For full report, please click here.

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Reliance Money Revised Mutual Fund transactional charges

The One we trust...

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The updated charge structure is as follows and the same is applicable effective February 02, 2010:

Charge Structure -

Fixed charge irrespective of the investment amount

Mutual Fund Charges Equity & Equity related schemes* (Per Transaction)

Lumpsum investment  Rs.75  

SIP Transaction  Rs.15


The above upfront charges are being levied only on Equity and Equity related schemes including new SIP orders, irrespective of the investment amount. Charges will be levied per transaction.

Please note that Investment amount plus the applicable charges will be debited at the time of order placement from the available limits in your ledger.

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“Avoid taking overnight positions in futures” – Nirmal Bang

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The Nifty is likely to remain range-bound between 4,750 and 5,050 levels in the coming fortnight. If the level of 4,750 is breached, one should avoid buying. My advice to traders is to be cautious and avoid taking overnight positions in futures. The market seems to be in a nervous mode with the Union Budget round the corner, continuous FII selling pressure since the past few days, disinvestment on the government’s agenda and liquidity tightening initiatives by various countries.

Sectors looking good over the next fortnight are banking and tyre. Among stocks, Axis Bank Ltd (LTP: Rs 1,025), IndusInd Bank Ltd (LTP: Rs 148), UCO Bank (LTP: Rs 60) and Oriental Bank of Commerce (LTP: Rs 267) in the banking space look attractive, while Apollo Tyres Ltd (LTP: Rs 53) as well as JK Tyre & Industries Ltd (LTP: Rs 171) in the tyre space can be
bought at declines.

Thanks to Nirmal Bang . For Full Report, Please Click Here.

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Special live trading session on Saturday, February 06, 2010 @NSE

This is to bring to your notice, that National Stock Exchange will have a special live trading session on Saturday, February 06, 2010.
Market Timings for special live trading session on Saturday, February 06, 2010 will be as follows:

Normal / RDM / Odd Lot Market Open :  11:00 hours

Normal / RDM / Odd Lot Market Close :  12:30 hours

Block deal session open :  11:00 hours

Block deal session close :  11:35 hours

Closing Session start :  12:50 hours

Closing Session end :  13:00 hours

Trades done on Saturday, February 06, 2010 shall be settled on Tuesday, February 09, 2010, as a separate settlement.

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