Stock Market onFriday closed inGreen. Indian stocks ended on a high note on Friday, with investors betting on
growth hopes after the Economic Survey spoke about government's
commitment to fiscal consolidation.◄•••❂❂❂❂❂❂
closing Session on Today:ended at 29,220.12, up160.75 points . Nifty
Closing Session on Today: closed at 8,844.60, up 160.75 points.
Stock Market onThursday closed inGreen. Due to heavy selling in afternoon trade, after the Railway Minister
announced a hike in freight rate, the market ended notably lower on
closing Session on Today:ended at 28,746.65, down261.34 points . Nifty
Closing Session on Today: closed at 8,683.85, down 83.40 points.
Stock Market onTuesday closed inGreen.The Indian stock market ended marginally higher after a highly choppy
ride on Tuesday. A none too positive trend in global markets and a lack
of market moving triggers from the domestic front pushed investors to a
closing Session on Today:ended at 29,004.66, up29.55 points . Nifty
Closing Session on Today: closed at 8,762.95, up 7.15 points.
This is one of the most positive phases in the economy when the budget for FY2015-2016
would be declared. Are we expecting anything exciting from the budget?
Yes, as in this year we have already seen the government taking lot of
important steps each month to curb inflation, control CAD and to give a
boost to economy.
We have seen lot of important steps for
manufacturing sectors like the Make in India campaign. A boost in
infrastructure will uplift the whole economy by creating huge job and
growth opportunities for people across the country. And through
Infrastructure Investment Trust (INVITS), the government has already
started laying the foundation for the growth in Infrastructure sector in
CAD is already quite under control with
fiscal deficit now less than 4.9%. And I am sure the focus would
continue to be the same in the upcoming budget as well. Here are a few
expectations from Union Budget 2015-16.
1) Curb gold imports
To control the import of gold, we might see new schemes being launched
by the government which will provide a good alternative apart from gold
to hedge against inflation.
2) Raise tax limit exemption
Last year the tax limit exemption was extended upto Rs 2.5 lakh, which
can now be further extended to Rs 3 lakh. This will act as a major
relief to the majority of tax payers in the country and and would also
give a boost to their savings. This would further bring up investment in
the economy. Many developed countries are already opening up the doors
for Investment in India, we might see important policy revisions to
boost further Investment in India by foreign countries.
3) Boost banking and infrastructure
The banking and infrastructure are the two main sectors for which major
positive announcements may be done. The government already has plans to
dilute the shares of public sector banks to citizens of India and
retail investors. The move will be welcomed by the people because it
will provide the required liquidity to the public sector banks. It will
also offer required resources to banks to support productive growth in
4) Goods & Services Tax (GST)
I also expect GST to be a positive revolution for the country which was
stressed in the last financial year budget. Aa major move to expedite
the process would be further welcomed.
5) Reduce securities transaction tax
On capital markets front, a reduction in STT of financial trading
transactions can boost capital markets and further infuse confidence of
domestic traders and investors to invest in the markets.