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