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5 Points In The Union Budget To Decide The Course Of Market

Dynamic Equities Pvt Ltd | 01 Feb, 2017  | Follow Author | Add to my Favourites 
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Indian Market Outlook:

Five Important Points to watchout for in the Union Budget 2017-18 today:

- Capital Gain Tax

- Corporate Taxes and individual taxes need to be reduce

- Banking Cash Transaction Tax likely to be introduced

- Increase in agriculture Subsidies

- Increase in service tax & Excise reduction in Crude oil

India’s benchmark index Nifty yesterday fell by 80 points from the day high of 8632 and made low of 8552, and closed at 8561 almost near its day low. Bank nifty also showed weakness throughout the day and fell by 70 points from its previous day close of 19585.

Small cap index saw selling pressure as the index lost 90 points from its previous day close of 6392 to close at 6302. Small Cap Index closed below its 3 day low thereby showing signs of further weakness.

FII’s have sold 532 crore in Cash Segment ahead of Budget on Tuesday after continuous buying of 3 days.

Important results to be announced today are apollo tyre, tata global, eicher motors, cummins india.

Nifty Future is opening at 8609 as per SGX Nifty at 8:50 am IST,almost 25 points above its previous close of 8584

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About Dynamic Equities Pvt Ltd

Dynamic Equities Pvt. Ltd. is a a SEBI Registered Investment Advisor and Stock Broker, a leading financial services provider, and one of the major players in the Equity markets in India. With an experience of over 15+ years in Stock Markets and Equity Research, they provide daily updated Support & Resistance of 4200 instruments across 93 exchanges and 56 countries globally. They have an in-house team of over 25 analysts. Under the guidance and mentorship of Mr. Shailesh Saraf, MD of Dynamic Equities Pvt. Ltd., these analysts are dedicately involved in guiding their clients and users of the website for trading in the market. Mr. Shailesh Saraf has an experience of over 24 years in the financial market, especially in capital & derivatives market operations, trading, research and management related areas. Dynamic Levels is a website owned by Dynamic Equities Pvt. Ltd. The website can be reached at

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Disclaimer: The author has taken due care and caution to compile and analyse the data. The opinions expressed above are only the views of the author, and not a recommendation to buy or sell. Neither the author nor accept any liability whatsoever arising from the use of any of the above contents.

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