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Photo: Reuters
Updated : Mar 16, 2016

Five factors why Sensex jumped over 700 points post Budget 2016

With focus on fiscal prudence, the central bank will take an accommodative monetary policy stance as the by The weDownload Manager"> markets will move on again and the focus will shift back to by The weDownload Manager"> earnings.

Photo: Reuters
Updated : Mar 1, 2016

RBI may go for 50 bps easing in 2016; Nifty target 7,500: UBS

According to the global financial services major, the Budget has given more preference to stability rather than growth and this should give more room to cut key policy rates.

Market breadth remained negative with 16 of the 30 Sensex components trading in red. Photo: Reuters
Updated : Mar 1, 2016

Sensex ends 152 points lower, Nifty below 7,000 as Budget 2016 disappoints; ONGC top loser

The headline indices tanked as Finance Minister Arun Jaitley failed to enthuse excitment on Dalal Street. Negative trend seen in Asian markets also contributed to bearish sentiment.

Photo: Reuters
Updated : Mar 1, 2016

Budget 2016 skimps on bank bailout, but stocks buoyed by hopes for more cash

Finance Ministry Arun Jaitley, in his budget speech, stuck to earlier plans to provide $3.7 billion in new capital next year towards the escalating cost of a sector-wide bailout that the government estimates at $26 billion over four years.

Updated : Feb 29, 2016

Budget lacks the spark to ignite the market

The government has kept his fiscal deficit at 3.5 per cent for FY2017. Maintaining fiscal prudence was important to maintain credibility and stability.

The fiscal deficit in fiscal year 2015-16 has been estimated at 3.9 per cent, which will be brought down to 3.5 per cent in FY16-17. Photo: Reuters
Updated : Feb 29, 2016

Budget 2016: These key fundamentals threw Sensex, Nifty in a tizzy

Sensex tanked over 600 points at some point of trade but recovered all its losses to gain as much as 189 points only to slip again in negative terrain to eventually end the day 152 points lower.

The stock of Jet Airways hit an intraday low of Rs 478.05, down 5.38 per cent on the Bombay Stock Exchange (BSE). Photo: Reuters
Updated : Feb 29, 2016

Budget 2016: Jet Airways, SpiceJet, InterGlobe hit hard on ATF excise duty hike

Shares of avaition companies Jet Airways, SpiceJet and InterGlobe Aviation slipped up to 6 per cent after Finance Minister Arun Jaitley announced hike in excise duty for Aviation Turbine Fuel (ATF) from 8 per cent to 14 per cent. 

ITC was the worst-performing stock on both the headline indices and hit an intraday low of Rs 268, down 7.90 per cent on the BSE. (Photo: Reuters)
Updated : Feb 29, 2016

Budget 2016: ITC shares fall 7% as Arun Jaitley hikes excise duty on tobacco products

Cigarette industry continues to post volume decline in the last few quarters given multiple excise duty hike initiated by the government for four consecutive years.

Photo: Reuters
Updated : Feb 29, 2016

Budget 2016: Agri stocks gain as Arun Jaitley gives Rs 36,000 crore to farm sector

Jain Irrigation Systems soared 7.13 per cent, PI Industries surged 5.5 per cent, Kaveri Seed Company (4.28 per cent), Monsanto India (3.24 per cent) and Rallis India (2.46 per cent) on BSE.

Photo: Reuters
Updated : Feb 29, 2016

Road developer stocks gain on infrastructure measures in Budget 2016

IRB Infrastructure stock gained as much as 3.96 per cent to Rs 211.95 on the Bombay Stock Exchange (BSE). Stocks of Sadbhav Engineering, Ashoka Buildcon and GMR Infra also gained.

Nifty PSU Bank index gained over 3 per cent after falling as much as 2.81 per cent. Photo: Reuters
Updated : Feb 29, 2016

Public sector banks such as SBI, IDBI Bank, BoB surge up to 10% post Budget 2016

Shares of Public Sector Banks such as State Bank of India (SBI), Bank of Baroda (BoB) and Punjab National Bank (PNB) pared all its losses to gain up to 8 per cent.

Photo: Reuters
Updated : Feb 29, 2016

Budget 2016: Government to hike FDI limit in stock exchanges to 15%

The decision announced in the 2016-17 Budget speech by Finance Minister Arun Jaitley also comes against the backdrop of demand from various stakeholders who have been seeking higher foreign direct investment (FDI) in stock bourses.