Market showed a positive trend today due to the positive policies which is taken by the Finance minister in the Union Budget.
Sensex went up to more than 400 levels and finally closed about 122 points in green.
Nifty closed 29 points above in green.
There is a chance for a positive trend in this week because Budget give provision for making investments in mutual funds by FII.
No tax changes in oil sector.
Service tax on air travel will increase. This affected jet airways etc in a negative way.
No excise duty on equipment for ultra mega power plants. So reliance power closed in green.
Cement price will go down.
Recapitalisation of Rs 6000cr positive for all Public sector Banks. SBI, PNB etc showed positive trend.
10% excise duty on garments.
LIC Housing finance can touch up to Rs.210/- in this scenario.
IT sector showed negative trend.
Regards Hari " लोका समस्ता सुखिनो भवन्तु "
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