3rd Economic stimulus for Indian Industry

Giving relief to the industry reeling under the impact of slowdown, the government today reduced the rates of excise duty and service tax.
While the general excise duty has been reduced from 10 per cent to 8 per cent, the rate of service tax has been cut from 12 per cent to 10 per cent.
Four per cent excise cut announced earlier in the stimulus package in December will continue beyond March 31, Finance Minister Pranab Mukherjee said while winding up the debate on the Interim Budget in the Lok Sabha today.
The Lok Sabha later approved the Interim Budget by voice vote, amidst a walkout by the Opposition BJP and erstwhile supporters Left parties.
Mukherjee further said that duty on bulk cement has been reduced from 10 per cent to 8 per cent.

Markets are on Leave

Markets are on leave today due to Maha Shivarathiri.

Markets trend

In the earlu tradin BSE shows some upward trend with touching 9079 points by a gain of 64.73 points so far.
I think this may continue for the rest of the day too.

Todays market

After a brief loss session, the market now gains some points and showing a slight upward trend now with touching 9082 points mark.

Markets today

In the early trading markets opened in Red.
by now at 10 Bse sensex is at9562 down 55.92 points.
Hope to go in green once the President speech delivered in Parliment, as it may contain some economic stimulus packages outline.

Markets on 10/02/2009

Equity Markets For The Day

The Sensex ended the day with a gain of 63.58 points, or 0.66% at 9,647.47. The broad-based NSE Nifty climbed 14.60 points, or 0.50% at 2,934.50

Top Gainer were DLF(8.40%),BHEL(4.11%),M&M(3.81%),L&T(3.05%),Rel Comm(2.88%).

Major losers were Rel Infra(2.86%),Tata Steel(2.20%),Hindalco(2.07%),Tata Motors(2.01%),ITC(1.94%).

Overall market breadth was positive. Out of the total 2,576 stocks traded at BSE, 1,387 advanced, 1,080 declined while 109 remained unchanged.