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Mint update | Opening bell

Mint update | Opening bell
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First Published: Tue, Mar 01 2011. 11 11 AM IST
Updated: Tue, Mar 01 2011. 11 11 AM IST
Mumbai: Phew! The day of reckoning is over. The markets yo-yoed wildly during the Budget speech before they spotted the fiscal arithmetic. Read more...
Then they gave up their gains. While more skeletons might emerge from the fine print today, here’s a list of things to watch out for before trading starts.
It might be a soft landing for Indian stock though as overnight cues from global markets was positive. The S&P 500 advanced 0.6%. as businesses activity in the US grew at fastest pace in two decades on gaining traction in the manufacturing sector. Benign corporate earnings season and higher personal incomes made investors buy equities. Japanese stocks too opened brightly today. Read more...
That was also helped by stable crude prices. The locally traded crude oil prices fell 0.9% to $96.97 a barrel in the US. Brent crude on the other hand retreated to $111.08 a barrel on an assurance from Saudi Arabian Oil Co that it is ready to compensate for any shortfall in crude supply.
Still, rising tensions in Middle-East continues to be a concern for investors and policymakers. The violence has spread from Libya to oil rich Oman. Read more...
Coming back to India, today, the markets will mostly try to gauge which companies will try to gain the most due to tinkering in excise duties and service taxes. Here are a few sectors to watch out for.
Power equipment manufacturers after they got a tax exemption on equipment supplied to ultra-mega power projects. Read more...
Branded apparel and diagnostic services sectors after they were brought into the tax net. Read more...
There are expectations that the government will let oil marketing companies raise fuel prices of diesel, but that may not happen until state assembly elections are over. Read more...
So, much for the budget. Tata Motors is apparently planning another micro-sized car called Pixel. Why is it doing so? Because it is not comfortable with the reviews it is getting for the Nano. Read more...
And finally, don’t blow away your tax gains on getting married. Young can be restless but they are the happiest, says a study commissioned by Economic and Social Research Council.
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First Published: Tue, Mar 01 2011. 11 11 AM IST
More Topics: Markets Update | Stocks | Financial | BSE | Sensex |