Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 58 points at the opening bell.
Drawing from the cricketing analogy, here are a few points to keep in mind while trading in equities:
The setting up of a separate Asset Reconstruction syndicate for dealing with the NPAs is a step in the right direction as it will aid better recovery and will prompt banks to increase credit.
One of the most welcomed amendments in this Budget pertains to rationalisation of dividend taxation provisions, which faced teething issues when the government abolished dividend distribution tax and shifted to the classical dividend taxation regime last year.
A bench of Justices SA Nazeer and Sanjiv Khanna said that the disbursal of money would be done in proportion to unitholders' interest in the assets.
The inaugural launch panel included Nilesh Shah, Member, Prime Minister's Economic Advisory Council, Adhil Shetty, CEO of BankBazaar.com, Nithin Kamath, founder and CEO, Zerodha, Kamesh Goyal, founder, Digit Insurance and Rahul Chari, co-founder and CTO, PhonePe.
Sanjay Budhia, chairman of CII national committee of export-import, said engineering exports constitute 25% of India’s merchandise exports.
"Gold prices declined on lack of progress over the US stimulus package and in absence of fresh triggers. Traders and investors also rushed to book some profits," said Tapan Patel, HDFC Securities, Senior Analyst (Commodities).
On disinvestment target of Rs 1.75 lakh crore for the next fiscal year, Kumar said a lot of preparatory work has already been done in the past 8-9 months, and now market conditions have changed.