Money on the markets

A maturing market amid the mayhem

How to rate the budget?

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INDIA-BUDGET/When the finance minister presents the budget, the stock market moves one way or the other.

And like every year this will dominate the news.

Over there and everywhere.

Is that fair? Or convincing?

Some of the analysis will follow a pattern.

If the stock market goes up, the budget may be described as successful because it didn’t “rock the boat”.

If  it moves sideways, it may be said the market had already absorbed the good news — the growth figures for instance.

If it moves down — the fiscal deficit may be the reason.

If the finance minister withdraws the stimulus it may not be good (for some) because it may mean more taxes and hence less profit.

Capital goods index gains over 1 pct

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The BSE Capital Goods Index gained over 1 percent on Thursday in a broader market that ended flat a day before the annual budget.

Index counters like Kirloskar Bros, Thermax and Crompton Greaves gained over 3 percent each.

Realty index rises in weak market

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- Realty index rises in weak market The BSE real estate index gained nearly 1 percent on Wednesday even as the overall market ended 30 points lower. Indiabulls Real Estate led the realty index and posted gains of over 4 percent. Parsvnath ended nearly 3 percent higher. Top realty firm Unitech rose 2.3 percent, whereas DLF ended marginally in red. The realty index is down over 8 percent this month. Would you invest in this sector now or wait for the budget on Friday?

The BSE real estate index gained nearly 1 percent on Wednesday even as the overall market ended 30 points lower.

Indiabulls Real Estate led the realty index and posted gains of over 4 percent. Parsvnath ended nearly 3 percent higher.

Should we have a separate railway budget?

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INDIA-BUDGET/RAILWAYSA railway budget separate from the general budget started in 1924 because the railways then formed more than a third of the budget.

A dedicated budget for railways was called for.

However the pattern of government’s finances has changed and the railways despite the impressive statistics - 63,327-kilometre network, 18 million passengers,  two million tons of freight – is less important.

Auto stocks end weak

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The BSE auto index slipped 1.8 percent on Tuesday, with shares in Maruti Suzuki slipping 3.2 percent.

Maruti Suzuki India is recalling 100,000 A-Star hatchbacks to fix a fuel leakage problem, a spokesman for the company told Reuters on Tuesday.

Metal index tops sectoral gainers

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Metal stocks had a good run on Tuesday which helped push the BSE Metal Index up 1.6 percent in a broader Mumbai market that rose 1.1 percent.

NALCO led the index components with a 4.2 percent rise, followed by Hindalco which gained 3.2 percent.

Healthcare stocks post decent gains

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The BSE healthcare index bucked the trend and closed marginally higher on Monday, even as the Sensex dropped over 100 points.

Stocks like Dr Reddy’s, Sun Pharma, Cipla and Divi’s Labs gained over 1 percent each.

Auto index gains over 2 pct

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The BSE Auto index gained over 2 percent on Thursday as the overall market jumped over 200 points to 16153.

Shares in Hero Honda gained over 4 percent, Amtek Auto rose 3.2 percent in trade.

Strong debut for Jubilant Foodworks

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Jubilant Foodworks, which runs the Dominos Pizza outlets in India, made a strong trading debut on Monday, closing more than 50 percent above the issue price of 145 rupees.

Shares in the Indian fast food chain touched a high of 241.95 rupees during trade before closing at 229 rupees.

Realty index drops over 2 percent

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Realty stocks fared poorly on Tuesday with the sectoral index slipping nearly 2.5 percent in an overall market that dropped nearly 200 points.

Anant Raj Industries ended as the top sectoral loser with losses of over 5 percent. Unitech followed closely with a drop of 4.3 percent. Shares in DLF, India’s top listed realty firm shed 2 percent.

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