Stock2Watch

at open :- Indian shares could extend their losses into 5th consecutive day due to growing worries about problems in global credit markets, with subdued Asian markets seen providing little support ** Nifty levels :- S1-4800 S2-4700 R1-5000 R2-5100, sustain below 4800 test ard 4600 atleast in coming days ** Stock Watch :- Tata Motors Ltd, Reliance Industries Ltd, Real estate firm Unitech Ltd

MCXARUN
9994500540

Brokerage expectations from 2008/09 budget

MUMBAI, Feb 22 (Reuters) - Following is a snapshot of
analysts' expectations from the federal budget compiled from
brokerage reports.
Indian Finance Minister Palaniappan Chidambaram will present
the budget for 2008/09 on Feb 29.

AUTOMOBILES
------------
- Uniform excise duty rates of 16 percent for all cars, large
and small.
- Reduction in excise duty on two wheelers to 12 or 8 percent
from 16 percent.
- Reduction in the excise duty on buses to 16 percent from 24
percent.

BANKING
---------
- Raising FII/FDI limit in state-run banks to 49 percent from
20 percent.
- Relaxation in the lock-in period to three years from five
years for bank deposits to qualify for tax benefits.
- Interest earned on long-term lending to infrastructure
industries to be exempted from income tax.

CAPITAL GOODS
-------------
- Reduction in excise duty on air conditioners meeting energy
efficiency guidelines to 8 percent from 16 percent.
- Reduction in excise duty on power equipment to 8 percent
from 16 percent.
- Rationalisation of tax structures with respect to dividend
paid by subsidiaries and special purpose vehicles.

CEMENT
-------
- Abolish the 5 percent import duty on coal and pet coke.
- Value Added Tax on cement and clinker be reduced and
brought in line with similar construction materials, like steel,
to 4 percent from 12.5 percent.

CONSUMER GOODS
--------------
- Excise exemption on biscuits similar to other food mixes
granted exemption in the last budget.
- Reduction in excise duty on processed foods to 8 percent
from 16 percent.

FERTILISER
----------
- Removal or reduction of customs duties on inputs like
liquefied natural gas.
- Reduction in customs duty on sulphuric acid to 5 percent
from 7.5 percent.
- General sales tax exemption for basic raw materials like
natural gas, naphtha, etc.
- Reduction in excise duty on pesticides to 8 percent from 16
percent.

HEALTHCARE
----------
- Infrastructure status for hospitals with certain
eligibility norms.
- Relaxation of income tax for mergers and acquisitions with
conditions.

HOTELS
-------
- Raising depreciation on hotel buildings to 20 percent from
10 percent.

INFORMATION TECHNOLOGY
----------------------
- Extension of Software Technology Park scheme, which is set
to end by 2008/09.
- Reduction in excise duty on personal computers to 8 percent
from 12 percent.
- Abolish excise duty of 8 percent on packaged software sold
over the counter.

LOGISTICS
----------
- Infrastructure status for warehousing and shipping
industry.

MEDIA
-----
- Abolish custom duty on digital exhibition equipment.
- Abolish 16 percent excice duty on set-top boxes.

METALS
-------
- Reduce excise duty on long steel products to 8 percent from
16 percent.
- Abolish 5 percent customs duty on import of scrap.
- Increase in export tax to 2,500 rupees per tonne from 1,500
rupees on key raw materials for steel.

OIL & GAS
----------
- Cut in excise duty on petrol and diesel.
- Removal of service tax on exploration activities.

PHARMACEUTICALS
---------------
- Reduction in maximum retail price-based excise duty to 8 or
12 percent from 16 percent.
- Excise duty exemption for all the 354 drugs specified in
the national list of essential medicines.
- Research & development tax exemption given to generic
pharmaceutical companies to be extended to the hived off, pure
play R&D companies.
- Life saving drugs to be exempted from customs duty of 5-10
percent.

POWER
------
- Extension of tax holidays for ultra-mega power projects
till 2017.
- Easing external commercial borrowing norms to enable
mobilisation of funds from abroad.
- Income tax exemptions for power infrastrcture bonds.
- Cut in excise duty on power equipment and other inputs to 8
percent from 16 percent.

RETAIL
--------
- Industry status to retail.

REAL ESTATE
------------
- Lowering the foreign direct investment threshold below
50,000 square-feet.
- Uniformity in stamp duty across states.
- Clarity on norms governing real estate investment trusts
with adequate tax benefits similar to mutual funds.

SUGAR
------
- Lowering of excise duty on ethanol to give a boost to the
mandatory blending with petrol.
- Uniform and lower sales tax among states.
- Excise duty structure on molasses of 750 rupees per tonne
to be replaced with an ad-valorem duty structure.

TEXTILES
---------
- Reduction of excise duty on man-made yarn to 4 percent from
8 percent.
- To allow contract labour.

- Reduction in license fees to a uniform 6 percent of
adjusted gross revenue.
- Removal of customs duty for telecoms equipment from the
current rates of 4-37 percent.
- Exemption of service tax on broadband services for the next
five years.

Collated from the reports of following brokerages: Batlivala &
Karani Securities, Edelweiss Securities, Kotak Securities,
Religare Securities and Sharekhan.


MCXARUN
9994500540

Stock2Watch

Stock2Watch at Open :- Indian shares are seen volatile today in the absence of strong cues from global markets, while investors are likely to watch new share offerings and listings. ** Motorcycle maker Hero Honda Moters Ltd, after its quarterly net profit rose 32% ** Tata Motors Ltd after its quarterly net profit fell 3% ** Mobile operator Reliance Communications Ltd, which plans to spend about $6 billion in the year to 2009 to expand its wireless network. **Optical storage maker Moser Baer India Ltd, after it reported net loss for the December quarter from a profit a year ago. ** Steel and real estate firm Shree Precoated Steel Ltd, after its board approved splitting each share into five and spinning of its steel business.

indian stock

இன்றைய பங்குசந்தை கொஞ்சம் புதிராகவே இருக்கும். மேலே போவது போல் போய், டமார் என்று கீழே விழ சாத்திய கூறுகள் உள்ளன. காரணம் பெரிதாக ஒன்றும் இல்லை. தொடர்ந்து 3 நாட்கள் விடுமுறை. அடுத்த வாரம் F & O Closing & Roll over day. அடுத்த வாரம் மீண்டும் விடுமுறை. ஆண்டு இறுதி. அடுத்த வாரம் குஜராத் தேர்தல் முடிவுகள் வெளியீடு.. இப்படி பல இருகின்றன. அதனால் நண்பர்கள் அனைவரும் மிகவும் கவனமுடன் இருங்கள். முடிந்த வரை உங்களிடம் பங்குகள் இருந்தால், லாபத்தை உறுதி செய்து கொள்ளுங்கள்..
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LME inventory

LME Inventory :-
Copper +2725,
Zinc -225,
Tin -140,
Lead +425,
Nickel +468
Aluminum 0