Live Budget 2013-14: MCX up 3% as FII can participate in currency derivatives

Written By Unknown on Kamis, 28 Februari 2013 | 14.02

Thu, Feb 28, 2013 at 12:26

Shares of Multi Commodity Exchange of India (MCX) jumped 2.66 percent to Rs 1,148 on Thursday as the Finance Minister P Chidambaram said FII can participate in currency derivatives.

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Live Budget 2013-14: MCX up 3% as FII can participate in currency derivatives

Shares of Multi Commodity Exchange of India (MCX) jumped 2.66 percent to Rs 1,148 on Thursday as the Finance Minister P Chidambaram said FII can participate in currency derivatives.

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

Live Budget 2013-14: MCX up 3% as FII can participate in currency derivatives

Shares of Multi Commodity Exchange of India (MCX) jumped 2.66 percent to Rs 1,148 on Thursday as the Finance Minister P Chidambaram said FII can participate in currency derivatives.

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Shares of Multi Commodity Exchange of India (MCX) jumped 2.66 percent to Rs 1,148 on Thursday as the Finance Minister P Chidambaram said FII can participate in currency derivatives.

Trading volumes increased 156 percent to 47,148 shares as against five-day average of 18,398 shares.


To download current article in Word format, click here.

highlights

  • Economic slowdown a wake-up call for stepping up reforms
  • Future shift in RBI policy stance would be desirable.
  • Tight RBI policy led to sharper-than-expected slowdown
  • April-December data shows 5.3% fiscal gap aim 'achievable'.
more »

flashes

  • To reduce STT on equity futures, MF units: FM
  • TDS at 1% of land deals over '50 lakh: FM
  • 15% tax on dividend from overseas arms to continue: FM
  • FY14 fiscal deficit seen at 4.8% vs 5.2% in FY13: FM
more »

InterpretationS

  • Power sector - tax holiday extended to 31 March 2015
  • Higher allocation to defence positive for BEML, M&M
  • SIDBI's re-financing facility to benefit micro small and medium enterprises (MSMEs)
  • Investment benefit for high value projects; positive for capital goods
more »

SECTOR IMPACT

Select Sector to see impact

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

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