Page 1694 - Markets News
Budget 2022: Mixed bag of economy boosters and clarificatory measures
The FM has announced that digital rupee - using blockchain technology - will be introduced by RBI in 2022-23
 "Budget 2022: Mixed bag of economy boosters and clarificatory measures")
Budget is visionary, will boost Make in India & Atmanirbhar Bharat plans
Union Budget 2022 seems to be a visionary and simplified budget showcasing the long term focus of the government to take India @75 to India@100
 "Budget is visionary, will boost Make in India & Atmanirbhar Bharat plans")
A growth oriented Budget, forms basis for a structural rally in markets
It has been an extremely pragmatic Union Budget 2022-23 trying to create the right ecosystem for putting the Indian economy on a high growth
 "A growth oriented Budget, forms basis for a structural rally in markets")
A slightly higher deficit number will not be taken negatively by market
Reduction in surcharge (capped at 15 per cent) on long term capital gains - is positive from financial markets
 "A slightly higher deficit number will not be taken negatively by market")
Rupee slips 17 paise to close at 74.82 against dollar on higher borrowing
The rupee pared its initial gains and settled 17 paise lower at 74.82 (provisional) against US dollar on Tuesday on the back of higher-than-expected borrowing in the next financial year.
 "Rupee slips 17 paise to close at 74.82 against dollar on higher borrowing")
The budget focuses on the next few years and not the elections
The thrust of the Budget has been in infrastructure modernisation, says U R Bhat.
 "The budget focuses on the next few years and not the elections")
Bulls cheer Budget 2022; Sensex ends 848 pts higher, Nifty above 17,550
Sectorally, the Nifty PSU Bank index ended in the red, down 0.6 per cent, as the Budget document remained silent on PSB privatisation
 "Bulls cheer Budget 2022; Sensex ends 848 pts higher, Nifty above 17,550")
Post Budget cheer: ITC jumps to 7-week high, gains 3.5% on heavy volumes
The stock had corrected 20 per cent from its 52-week high of Rs 265.30 touched on October 10, 2021, amid fears of higher taxes.
 "Post Budget cheer: ITC jumps to 7-week high, gains 3.5% on heavy volumes")
The budget focuses on the next few years and not the elections
The thrust of the Budget has been in infrastructure modernisation, says U R Bhat.
 "The budget focuses on the next few years and not the elections")
Capex proposals can be inflationary; equity, bond markets may not like it
The best part of the budget proposals has been the continuity in managing the fiscal situation and focus on capex spending without any negative surprises, says Andrew Holland.
 "Capex proposals can be inflationary; equity, bond markets may not like it")
Budget impact: Nifty Metal index soars 4%; Tata Steel, SAIL rally up to 8%
This government has allocated Rs 7.5 trillion towards capital expenditure, up 35.4 per cent higher compared to the previous year's figure of Rs 5.5 trillion.
 "Budget impact: Nifty Metal index soars 4%; Tata Steel, SAIL rally up to 8%")
LT, Siemens, UltraTech: 5 infra-related stocks to bet on post Budget
Infra related stocks can easily see a jump of 10 per cent in quick time
 "LT, Siemens, UltraTech: 5 infra-related stocks to bet on post Budget")
Union Budget 2022 proposes to introduce digital rupee to be issued by RBI
FM sees big push to digital economy, says digital currency will also lead to a more efficient and cheaper currency management system
 "Union Budget 2022 proposes to introduce digital rupee to be issued by RBI")
Budget impact: Aavas Financiers soars 7% on affordable housing boost
Finance Minister Nirmala Sitharaman on Tuesday in the Union Budget 2022 speech said that Rs 48,000 crore is allotted for PM Awas Yojana.
 "Budget impact: Aavas Financiers soars 7% on affordable housing boost")
Tata Motors shares decline nearly 4% after firm posts net loss in Q3
Tata Motors reported a consolidated net loss of Rs 1,451.05 crore for the third quarter ended December 31, 2021, dragged down by the impact of semiconductor shortage on its British arm JLR
 "Tata Motors shares decline nearly 4% after firm posts net loss in Q3")
Sun Pharma rallies 5%, hits new 52-week high post Q3 results
The management said the company achieved a sustained momentum and good growth across businesses; despite rising costs, achieved higher profitability.
 "Sun Pharma rallies 5%, hits new 52-week high post Q3 results")
HPCL shares tumble nearly 5% after Q3 net drops 63% on inventory loss
Net profit in October-December stood at Rs 869 crore, as compared with Rs 2,355 crore for the same period last year
 "HPCL shares tumble nearly 5% after Q3 net drops 63% on inventory loss")
Budget 2022: Sensex rises over 800 points; Nifty over 17,500
Equity benchmarks Sensex and Nifty extended their gains and were trading over 800 points higher in mid-session deals on Tuesday, as Finance Minister Nirmala Sitharaman began her Budget speech
 "Budget 2022: Sensex rises over 800 points; Nifty over 17,500")
Deepak Fertilisers at new high on robust Q3 results, gains 60% in 1 month
The company's consolidated net profit doubled to Rs 181 crore in Q3FY22 from Rs 89 crore
 "Deepak Fertilisers at new high on robust Q3 results, gains 60% in 1 month")
Tata Motors slides 4% on profit booking post December quarter results
The company guided for robust demand prospects with JLR order-book at 1.55 lakh units, which coupled with gradual improvement in chip availability to result in healthy profitability going forward.
 "Tata Motors slides 4% on profit booking post December quarter results")